During the week of the 18th – 22nd May we held a whole school Enterprise Week. The aims of the project were to develop our children’s knowledge and understanding of different types of jobs, how money is spent in designing and making products and primarily how they can contribute to a range of activities that help them to become more enterprising.
In preparation for the week, each class was allocated a budget of £50.00 with a remit of designing, advertising and making a product that can be marketed for sale to members of the school community. Each class was challenged to try to make a profit on their original £50.00 budget.
To support them in their challenge, throughout the week the children had the opportunity to work with individuals from different business sectors who visited the school. These included the banking sector, project management and marketing and local small business owners.
The children in Foundation and Key Stage 1 learnt about the importance of saving money and profit making during an assembly with Miss Beer from the HSBC. In Key Stage 2 we had a visit from Mr Goodall who is the manager of the Halifax branch in Launceston. He talked to the children about budgeting, profit margins and loss, all of which was delivered through the context of making a cake.
The children in Key Stage 2 also had the opportunity to work with Claire Honey from the RIO project. During these sessions she talked about how her company operates and the importance of designing and marketing a good product in order to make a profit.
The children in years 4, 5 and 6 had a workshop with Tracey Brown a local business woman who set up the cake business Funky Mamas. She taught the children about the importance of creating a good logo, and all of the processes that she went through in formulating an idea for a business and setting it up.
The children drew upon the information that they learnt during the week to support them in designing, advertising and making their own products in order to support their own enterprise work. Each year group also created an advert for their products which are listed below:
Foundation Stage – Glen Park Bakery
Year 1 – Fridge Magnets
Year 2 – Sweets and Confectionery
Year 3 – Flowerpots and plants
Year 4 – Pocket Pals and Pencil Toppers
Year 5 – Mobile Phone Cases and holders and app based cakes and biscuits
Year 6 – Cocktails (non-alcoholic!!)
The week culminated with an Enterprise Fair which took place on Friday 22nd May. During the afternoon the children were able to showcase their work to the school community and had the opportunity to sell the products that they had created. It was a fantastic afternoon and we were overwhelmed by the support that we received from the local community. We took an incredible £1,419.00 during the single hour of the fair and the children made a total of £978.00 profit on the various goods that they made and sold! The money raised will be put towards further enhancing our outdoor environment though some new playground markings to support playtime. This idea was put forward by the school council.