Our Business Samantha Wardman Young Enterprise Manager - Cornwall the business of life Our Business Samantha Wardman Young Enterprise Manager - Cornwall

The Challenge Year 5 or 6 Teams of 6 pupils form 1 business Each pupil becomes a manager and leads for 2 sessions Sales, Marketing, Finance, Events, Research, Production Set up a mini business Apply for (or receive) investment Work through business plan (company name, decide product, buy materials, make products, create adverts, sell to real customers etc.) Record all decisions in Business Journal

The Challenge Sell on a stall Compete for Awards Decided by School (internal or external event) Compete for Awards Most Innovative Product Business Team With The Highest Profit Manager Making The Most Positive Contribution Most Collaborative Team Best Business Stall

Delivery Format Delivery Time 1 Launch Day delivered by YE Minimum 1 week full time Ideally delivered part-time over a few weeks 16 sessions of differing lengths Approx. 17 hours of lesson plans Plus production time, sales event and celebration 1 Launch Day delivered by YE Teacher leads the rest Work with Volunteers & Sponsors YE attends celebration event

Planning to run Our Business (detail provided in Teacher Guide) Decide timescales: Sales Event Timescales Teams Products and/or Services Investment Profit Celebration Volunteers

Sessions (1-5) Launch Day (Led by YE) Getting Started Team Building Idea Generation Choosing the Business Name Conducting Market Research

Sessions 6 – 16 (Led by Teacher) Decide on the Product/Service Analysing the Market Research Product Planning Preparing for the Sale 8. Stall Planning 9. Finance 10. Marketing 11. Production 12 Stall Design Sales Planning Selling Event Evaluation Celebration