The Fiver Challenge

Today, we rehearsed how to run a stall, set the, up and sold, sold, sold! We were visited by adults and children and had a fantastic time practising giving change, speaking to customers and handling our own businesses.

Fiver Challenge – week 3

This week, we were making posters to advertise our products, researching how much people would be willing to pay and making some or our products.

Fiver Challenge – week 2

This week, we looked at the resources we need for our product or service and how much these would cost from out £5 budget.

Designing a logo – Fiver Challenge

Today, we were introduced to the Fiver Challenge. This will be a fantastic opportunity to develop our personal, financial and business skills by designing a product or service and selling it to others.

We were given our Fiver today and asked to choose the product or service we will sell. With this in mind, we designed our logo! We kept in mind that it needed to be simple and fit the product we were selling.

Fiver Challenge

This half term, Sapphire class have been taking part in the Fiver Challenge.

In our class we had 6 groups who were given £5 each with the aim of making a profit. Our groups decided to pool their money together and wanted to put on a funfair event for the children and parents at our school.

Each group decided on a funfair style game to run and were responsible for making their game a success. The children had to create a business identity, carry out market research, create a sales pitch and advertise their event.

On Thursday, we held our event and we are pleased to announce that it was a huge success.

On Friday, we counted our money and paid our £5 loans plus 50p interest back. We then discovered that we had made a whopping…

£101 profit!

Mr Little was so proud of all our hard work.

We’re now deciding how to spend our hard earned profit. If you have any ideas we would love to hear from you in the comments below.