Year 5: Fiver Challenge

Over the past few weeks, Y5 participated in the Young Enterprise Fiver Challenge. Young Enterprise is the UK's leading enterprise and financial education charity, helping young people to develop the skills they need for life and work.

How did it work?

Pupils were pledged £5 and given one month to set up a mini business to create a product they could sell at a profit and engage with their local community. The children worked extremely hard to hand-craft their products and create packaging and advertising materials.

There were a range of products available to purchase, including
- bookmarks
- slime
- tie-dyed socks
- loom bands
- hand painted decorative balls
- keyrings
- bath bombs
- stress balls

Products were priced between 50p and £3, with lots of special offers and multi-buys also available.

Did they make a profit?

Once all the costs were accounted for, the pupils made £450 profit! The hard part now will be negotiating on how best to spend the proceeds!