T: 01228 712277        A: Stoneraise School | Durdar | Carlisle | CA5 7AT        E: office@stoneraise.cumbria.sch.uk       T: @Stoneraise_SCH

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Completed during June 2019

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! 

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

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

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

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