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A Micro Entrepreneur

Micro-Tyco is a month long competition run by the WildHearts Foundation that enables participants to practice and learn fundamental business principles in a safe, 'micro' environment. Taking inspiration from the spirit of WildHearts microfinance clients in the developing world, Micro-Tyco challenges teams to grow £1 into as much money as possible in just 4 weeks. Its unique combination of inspiration, business mentorship, positive peer pressure and ethics produces incredible results.

What to do with a pound?

 

Jamie was a 16 year-old school excludee when he participated in Micro-Tyco.

 

Jamie says:

“I didn’t really like school. I got suspended twice but I can’t really remember why. We had to borrow a pound from Micro-Tyco, and when I was sitting thinking about it, the only thing I’d do with a pound before would be to buy a scratchy card or put a football coupon on. Now I know how to go about setting up a business and making investments. I now know how to go about making money, keeping money and making myself a profit.”

Jamie’s team transformed their £1 micro-loan into £1,500. His success in Micro-Tyco attracted the attention of Arnold Clark, who subsequently took Jamie on as a trainee mechanic.

“We had to borrow a pound from Micro-Tyco, and when I was sitting thinking about it, the only thing I’d do with a pound before would be to buy a scratchy card or put a football coupon on. Now I know how to go about setting up a business and making investments.”

- Jamie Maguire

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