The month of June sees a business challenge given to primary schools to encourage entrepreneurship at an early age. Teams of school mates will be given five pounds to get their business started, together with a pack to help and stimulate their business minds. Teachers will help the children to come up with ideas about what to sell and how to get started and this month saw Broughton Primary School Launch the initiative with local businesses asked to help inspire the children from the very beginning.
Local companies, such as Revolution Four, who provide business functions that support start-up and scale-up businesses are lending their support the business challenge and also on hand to inspire and offer assistance to the children, keeping them pointing in the right direction.
Justine from Revolution Four said, “It’s such a privilege to be invited into Broughton Primary School to help launch this Fiver initiative, it’s not only incredible to be a part of driving momentum behind business acumen within children of such young ages but to see their passion, enthusiasm and hear some of their ideas, I am really excited to see what they come up with. I feel more businesses should get involved locally as these are the future generation and whatever support no matter how big or small can make such a big difference! I can’t wait to see the outcome of the competition!”
The children will be prompted to consider questions that every start-up encounters; who are the customers, can they do market research, how much will they charge, will they engage with the local community, what resources are required, how will they market, where will they sell and best of all how will they spend the profits.
Weekly competitions will judge the best Logo Design and the best Sales Pitch in two ages groups, 5-8 years and 9-11. Then nationally teams will be able entered into four awards, Most Profitable Idea, Best Team, Most Inspiring Individual and Fiver for Good categories.
At the end of the challenge teams will pay back their fiver plus a 50p legacy contribution and then they will decide how to spend or even donate the profit they made. Justine from Revolution Four said, ‘What a great way to inspire children into roles, jobs and industries they may not have been aware of or even thought about before. Good luck to all at Broughton Primary!”