An enterprise challenge has been laid this week for Year 6 students. As part of ‘Money Week’, all Year 6 students across Wakefield Girls’ and QEGS are taking part in an ‘The Tenner Challenge’.
The Tenner Challenge is a programme designed to bring the business world to life for our students. In mixed groups (of both Wakefield Girls’ and QEGS students), they have generated a business idea and produced products or services to sell to their peers in order to make a profit.
Each group was awarded £10 to get their business ideas off the ground. During the two weeks of this challenge, their aim is to make as much profit as they can. All profits made will be donated to charity.
On Monday 15th, the Wakefield Girls’ and QEGS teams joined forces and began to plan what product or service to invest their ten pounds into. They began sourcing materials or products and preparing their all-important ‘Dragons Den’ pitch. Their Dragons Den panel was composed of Head of Wakefield Girls’ Junior Section, Mr Rowley and Head of QEGS’ Junior Section Mr Thompson. In their pitch teams had to justify their £10 investment, the demand for their product/service and how they planned to sell their product/service.
Students were then given feedback on their pitches and received investment; students began to purchase and collect materials to help them create their product and services. This project has been a great opportunity for students to develop key skills such as creativity, communication (written and verbal), planning and organisation, teamwork, problem solving and commercial awareness.
On Wednesday 17th, Deputy Head Mr Eggleston, also an A Level specialist economics and business teacher, gave an assembly to Junior students to further boost their financial literacy discussing the functions and characteristics of money.
Year 4 and 5 students received talks from HSBC on Thursday 18th, discussing managing money, credit and debit cards.
Next week, during lunchtimes on Wednesday 24th and Thursday 25th January, students will be selling their items/services at a market stall based in Hartley Pavilion, to students in other year groups. There will be an awards afternoon the following week to see what profit has been made.
Mrs K Grundy
Year 6 Teacher