Years 6-8
Timeline – typically runs over 2/3 days
Curriculum
- Learn basics of how a business works
- Divide into teams and set up a company
- Apply for jobs in the company (e.g. CEO, Director of Finance, etc…)
- Determine their company’s identity
- Present a business plan to “venture capitalists” and sell shares of the company in exchange for initial funding
- Keep track of finances (cash in, cash out) and pay expenses throughout the competition
- Design bracelets and create prototypes
- Manufacture bracelets
- Apply for a bank loan as needed
- Create a marketing campaign, including a unique logo, slogan, and advertisements
- Sell their product (bracelets) to customers, thereby creating revenue
- Calculate final finances to determine whether or not the company was profitable
- Reflect on the process to think about how decisions affected the company
Teacher Benefits
- Connects academic content to the real world
- Enhances Life Skills: collaboration, communication, critical thinking, and creativity
- Project-based and interdisciplinary
- Links with Key Stage 2 and Key Stage 3 PSHE and citizenship curriculum
- Meaningful way to engage parents/volunteers in your classroom
- Built in student assessment
Student Benefits
- FUN and engaging!
- Links their academic studies to skills needed in the working world
- Showcases their individual talents and gives them an opportunity to discover new skills and interests within themselves
- Opportunity to work in teams and work with different peer groups
- Change of pace; opportunity to move beyond the desk
- Great practice for speaking and listening skills when they present to a crowd