Stoneraise School

Completed during June 2019

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We made a staggering £264.20 profit which was distributed between several charities.

Class Oak took part in the Fiver Challenge, a national competition for young people aged from 5 – 11 years. This Challenge is free and run by Young Enterprise (www.fiverchallenge.org.uk) - the UK’s leading enterprise and financial education charity, bringing learning to life and help encourage future aspirations in young people. Pupils are pledged £5 and have one month to set up a mini business and create a product or service they can then sell or deliver at a profit.  Pupils decide how to spend or donate their profit.  It’ll be great fun too! 

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The Fiver Challenge took place place for 4 weeks from Monday 3rd - Friday 28th June.

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We are all very excited about getting involved with this Challenge. We have 6 small business ideas to get our teeth into.

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See below images and videos of some of the activities that led the the final result...

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Activities:

• Initial ideas mind map

• Initial plan

• Market research using Google Forms (103 responses)

• Analyse market research data

• Design a business logo

• Create a Dragons' Den pitch and video (see above)

• Identify competitors

• Research recipes and scale

• Price analysis of different supermarkets

• Plan shopping trip

• Explored break even point

• Worked out unit price of product/service

• Visit variety of supermarkets to buy ingredients/products

• Make products

• Create posters and advertising campaign

• Write to parents to invite to Pop-up Shop

• Set up Pop-up Shop and ensure ingredient lists available for all customers

• Held Pop-up Shop

• Counted the cash and discovered profits made

• Set aside money for Young Enterprise/charities of choice