We have set up our own business enterprise project where the children are taught business, enterprise and thinking skills by running their own stationery business. The project started three years ago and is extremely popular amongst the year 6’s who run it, and the consumers throughout the school who look forward to buying new items for their pencil cases.
The project was developed to encourage pupils to:
•Turn their skills and talents into money making ideas and understand the concept of trade and business
•Identify when the risk is too high, developing calculated risks
•Understand the phrase ‘Target Market’ and the needs of it, and how to adapt products to meet those needs
•Understand their competition and their strengths and weaknesses, listening to their customers and getting better than their competitors
•Understand supply and demand, and the ability to negotiate and compromise
•Understand buying low selling high and the hidden costs before making a profit
•Understand the key elements of running a business and how decisions impact it with the involvement of borrow and payback
•Financial Book Keeping
The Year 6’s alongside Mrs Maude, trade after school on a Thursday evening and at break time on a Tuesday. Come and say hello and have a look at the stationery available.