Boost your business grasp in Lancaster

Dmitrii Flux

Do you want to develop your business skills and apply your knowledge to solve a real practical issue? Then LUMS is a right place to start. Below are some tips that will ease your business journey.

ENTREPRENEURSHIP
Lancaster University Enterprise Centre is an establishment that supports students’ start-up ideas and can provide assistance regarding business related issues. If you need advice from someone who has rich experience in the industry, if you look for a mentor or like-minded people, seek various professional workshops and hackathons – Enterprise Centre will be the best match. These guys are very supportive and well informed of vast opportunities and challenges that are going on. They also regularly organise useful events with maximum practical focus. All in all, do not hesitate when subscribing for their newsletter or simply visit their page from time to time.

FLUX 500 BUSINESS CHALLENGE
FLUX 500 definitely was my best experience in Lancaster. If you seek challenging tasks, want to try what it’s like to work under pressure with super strict time constraints, wish to enhance your team-work skills – this is a chance not to be missed. FLUX 500 is the biggest British business challenge, which on top of that is currently hosted by Lancaster University.
FLUX is all about business. It consists of two stages – internal competition against other teams from Lancaster University (the winner of this ‘semi-final’ will represent Uni in the final) and external competition against other teams from top-UK universities. You need to form a team of 6, and once you’ve done that you’ll get a business task that you need to work on. A little hint, not a spoiler: task is quite broad so there is a variety of options to consider. But given a couple of days that you have to solve this challenging issue you need to do your best and to be fully dedicated if you want to impress the judges.
This year our team won 3rd place – make it better next year! Best of luck guys!

NATIONAL APPRENTICE CHALLENGE
Do you want to experience a two-day diving into business environment in which you run a simulation of your own business and try to create a new one at the same time? National Apprentice Challenge (NAT) is a two-day business challenge which consists of two parts. During the first day your team of 4 needs to run a simulation of a real business venture trying to beat your competitors and show the best relative performance that is being calculated online. The task that you can receive on the second day varies from year to year – for instance, this year we had to brainstorm an idea of a new social network and deliver our 3-minute pitch with presentation to the panel of judges. Out team became 7th out of 21 contenders – can you do better next year?

As you can see, there are many opportunities to shine and enhance your skills in Lancaster. It’s all about making a first step…