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Young Enterprise ~ Turning £170 into £3320.50!

Last term saw Year 10 Business Studies students participate in the 10X challenge by Young Enterprise.

Students arranged themselves into groups and were loaned £10 from the school. They had four weeks to start up and run their businesses and the results have been phenomenal! Students were able to put theory into practice and source the best (or cheapest) suppliers, conduct market research, develop their sales skills, improve their customer service and fine tune their finance skills. The businesses included products and services such as car cleaning, a fashion show (complete with a fashion magazine), jewellery and key chains to name a few. It certainly created a buzz in the year group. After students repaid their £10 loans (£170 in total, with 17 groups), the total profits made were £3320.50! Students will be spending this on a variety of things, including summer activities and donations to charity.

Well done to all who participated. You should be very proud of yourselves!

Mrs Harris, Head of Business & Economics