Building a Business on a Budget!

Year 9 Business Studies students took up the challenge of making as large a profit as they could from a £10 loan. Their task is running until Christmas with awards for ‘Most profit’ and ‘Biggest social impact’ being made in the Awards Assemblies at the end of the Autumn term.

So far, some of the ideas that have been flying around have been very creative. They range from selling seasonal products, such as selling stocking fillers and printed t-shirts to selling raffle tickets with the proceeds going to charities. At the end of the competition students will be expected to pay back their £10 loan but they will be able to keep any profit they make or to donate some of the proceeds to a charity of their choice; the decision will be theirs.

By taking part in the £10 Business Challenge, students are going to be developing their team working skills, gaining an understanding of financial management and also learning how to develop and run a successful business.

The award winners will be printed in the next edition of The Learner and published on the NAC Enterprise Blog. Good luck Year 9 entrepreneurs!