Young Entrepreneurs Support Nepal Earthquake Relief
Wednesday, 09 September 2015
Towards the end of the Summer Term, the Year 6 boys took part in Entrepreneur Week: a competition to raise the most profit from lunchtime stalls, with the winning team choosing which charity receives the funds raised.
The Young Entrepreneurs project introduces boys to key skills such as producing a business plan and sourcing products. They had to consider their profit margins and make sure to both market and sell their products to the best of their ability. Split into teams of eleven, the boys were given just three lunchtimes to sell to their fellow students, and with limited pocket money up for grabs they had to think hard about the best way to encourage sales.
‘Chill Out’ sold a range of flavoured ice-creams, tackling the added difficulty of keeping their products cool in the summer heat. ‘Sweet Tooth’ sold bags of mixed sweets and also enticed customers with competitions to win goodies. ‘Delicious Cakes’ certainly lived up to their name with a wide variety of homemade options each day. The final group were ‘Tom and Seb’s Mocktails’, offering boys the chance to buy a cool mixed drink, and even the option to create their own combination.
They boys did a great job of keeping sales running despite a busy atmosphere, and managed to raise an amazing £552.60 in profit!
The group with the most profit was Sweet Tooth. In light of the earthquakes that hit Nepal in April and May, the boys chose to donate the money raised to HExN’s Nepal Earthquake Relief Fund to help those affected. The charity HExN (Health Exchange Nepal) also promotes the exchange of medical knowledge, techniques, health professionals and equipment between Nepal and the UK. The Boys’ Division Senior School also raised funds for HExN following the earthquakes.