This year, all Year 6 children will be participating 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 in groups of 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.
We have thought of business ideas and have created logos:
The children have been very busy this week. During the week they have had to price up and source and buy all their materials and products. They have had to prepare and present a one minute sales pitch, which must include a clear product idea, clear outlay and expected profit margins. They have presented their sales pitch to the class and the ‘judges’ decided if their business idea was good enough to lend them the £5 start up fee. All small business teams have worked hard with their ideas and as we move into week 3, there is a strong sense of purposeful activity.