With almost all the winners announced, we wanted to take a minute to congratulate everybody who took part in the SCHOOL ENTERPRISE CHALLENGE 2014 and celebrate the achievements of last year!
- 1,283 schools from 93 countries took part in the challenge!
- 30,266 young people and 1,640 teachers and staff got involved in planning and setting up a school business!
- The schools collectively generated an impressive total income of US$ 281,082 and a net profit of US$ 136,482!
And there’s more! Last year’s highlights include:
- Thanks to all of you, the School Enterprise Challenge was nominated as an Award Finalist in the ‘World Innovation Summit on Education’ (WISE). The WISE Awards recognise projects that implement innovative practices that transform education and society. If you want to know more about it and about our nomination take a look at http://www.wise-qatar.org/school-enterprise-challenge-united-kingdom.
- With your help we made the first entrepreneurship training videos, to supporting teachers and students in generating a business idea, conducting market research and financial planning!
- Last year 11 new countries signed up for the first time! We saw the first entries from Afghanistan, Argentina, Brazil, Central African Republic, Ecuador, Lesotho, Kyrgyzstan, Mali, Poland, Togo and Ukraine!
- We had over 200 entries for our mini competitions! You guys created logos, pitched your businesses, wrote interesting blogs, and celebrated Global Money Week!
- You have been extremely creative and developed a huge variety of businesses! From fly fishing in Belize, to an inter-schools newspaper in India and a car wash in South Africa!
To give you a flavour of how much you and your school can get out of participation in the School Enterprise Challenge we would like to present to you one of our TOP GLOBAL WINNERS…
Kulachi Hansraj Model School, India
Udaan Planet Trash pet bottles transformed into candle holders
Kulachi Hansraj Model School entered the School Enterprise Challenge for the first time in 2014 and run 4 different businesses under the name of Udaan Creating Identity! Their adventure started with only 20 students which enthusiasm spread out soon – now more than 100 students, and 11 teachers are involved in the running of the enterprise, together with 3 other partner schools.
Udaan creating identity is made up of:
- Udaan Food, a catering service;
- Udaan Handicrafts, a bazaar which supplies utility products such as customised cups and hair accessories;
- Udaan Planet, which contributes to environmental sustainability by recycling the school’s waste materials and transforming them into useful objects to sell and;
- Udaan Fun Zone 4 Kids to offer games and creative activities for kids.
All together the business generated a total income of 3,682 dollars, which was used, among other things, to pay for scholarships and uniforms for students in need of financial assistance.
So what are you waiting for? Register at http://www.schoolenterprisechallenge.org to be part of this global network of enterprising schools!
SIGN UP HERE! YOUR SCHOOL COULD BE THIS YEAR’S WINNER!!
It’s the day we announce the WINNERS of the School Enterprise Challenge 2014 and what better time to have a chat with one of our esteemed judges – Lisa Neuberger-Fernandez.
Lisa is Global Director of Corporate Citizenship Programmes at Accenture, one of the world’s leading management consultancies. She joined our panel of judges for the first time this year, to help select the winners of the 2014 competition. In this blog, she shares her experience and insights on the School Enterprise Challenge as well as words of wisdom for all you budding entrepreneurs….
What do you like about The School Enterprise Challenge competition? “It was incredibly inspiring to read and in some cases watch the Youtube videos of the talented students from around the world. They were so motivated by the School Enterprise Challenge that they devoted significant amount of time and effort to thinking through how to build or nurture an enterprise to benefit people, planet and profit. The joy, wisdom, creativity, and changemaker esprit de corps evidenced by all of the applications is an incredible sign that the young people participating, and their communities, have a bright future ahead.”
Why did you agree to be a judge? “I am a big believer in the power of entrepreneurship from a very young age as a way of building skills and confidence that is hard to replicate with other forms of education. In my experience, learning by doing is the best way to ensure that someone walks away with the tools to succeed.”
What were you most impressed by when reading the reports? “What struck me the most about the student reports was the fresh thinking and the optimism that the student challengers exhibited. This sense of self-empowerment and a belief that ‘I can make a difference working together with my peers’ is a tremendously valuable lesson that can last a lifetime once sparked.”
Was there a school business idea or report that you particularly liked? “All of the student applications that I read were well conceived and had merits. In this competition, truly everyone is a winner for having the gumption to create something from nothing and being industrious. I especially enjoyed watching the videos of students from Udaan enterprise at Kulachi HansRaj Model School who talked in a very clear and compelling way about the value of self-employment for young people in India. The confidence and wisdom contained in the videos is an incredible testament to how much the students learned and took away from participating in the competition.”
What advice would you give to the participants for this year’s competition? “Remember what it feels like to believe that you can do anything, make anything, together with your friends and peers you can make a difference. Hold onto this spirit and let it guide you to take more risks in the future, to believe in yourself and your power to transform the world around you, one person, one card, one plant at a time. It is by unleashing the positive power you all possess deep within and channeling this towards measurable societal, environmental and financial impact that we can address some of the most intractable challenges facing our society.”
Any general advice you’d give young people who are passionate about social entrepreneurship? “There are many ways to find meaning in this world. If you find purpose by ‘doing well by doing good’ – building a sustainable enterprise that simultaneously has a positive benefit to people or the planet – then do not ever give up in your pursuit of balancing these different forces. You have a bright future ahead if you can keep that spark alive and apply your passion and brain power towards solving societal challenges with sustainable business ideas.”
A big thank you to Lisa and all of our judges for their time and support in selecting our 2014 winners. The School Enterprise Challenge 2015 launches on April 8th. Find out more about the competition and the many prizes on offer at http://www.schoolenterprisechallenge.org.
Hello from the School Enterprise Challenge team! This is our second interview in a series that explores the experiences of students, teachers, judges, mentors and staff who participated in the School Enterprise Challenge 2014.
This week we will be chatting with Rorisang, Thabo and Maki students at Welkom High School in South Africa. They are part of a team that successfully set up their own Vermicomposting business named ‘Teens going Environmentally Green’. As the name suggests the team are committed to creating a business that is not only profitable but eco-friendly!
Rorisang: I’ve learned a lot about teamwork, I’ve really enjoyed working with my team and I now feel like I’m better at working with others. I’ve also learnt a lot about patience starting a business requires a lot of hard work and is a big time commitment, so I’ve learnt to become more patient.
Thabo: I’ve learnt new communication skills through speaking about the business with other students and learning about marketing and publicity.
Thabo practicing his sales pitch!
2) What was your proudest moment?
Rorisang: Our proudest moment was when we launched our business. Before the event we asked our classmates to bring a few of their family members along to the launch. On the day most of the students came with their whole families. It was so busy, we didn’t expect so many people to turn up! People were really interested in our business and congratulated us on our hard work. It was a great day!
3) What was the biggest challenge you faced? How did you overcome it?
Maki: Managing our time, as we had to balance our commitment to the business with our school work. At the beginning we found it really difficult to find the time to run the business because we all had very busy schedules. We overcame this challenge by creating rotas and schedules, and also by working really hard, we mainly worked during the school holidays and on the weekends.
4) How have your parents, school teachers and classmates reacted to your involvement in The School Enterprise Challenge?
Thoba: When we first told the other learners they thought we were crazy because they didn’t think it was possible for a group of teenagers to start their own business! But when we set up the business they started to see its importance. By the end of the challenge they were helping us to publicize and market our product.
Rorisang: The biology and natural science teachers think our school business is great. They used our school business in the classroom by using vermicomposting to demonstrate practical lessons.
Maki: At the beginning our parents didn’t like the idea because they thought we wouldn’t take it seriously, but once they saw that we did take it seriously and were passionate about the business they started to support us.
All of the members of ‘Teens Going Environmentally Green’
5) Has your experience with the School Enterprise Challenge made you rethink your future career plans?
Rorisang: This experience has given us the opportunity to work with our local community and talk with other schools in the area. I’ve really enjoyed working with the local community, when I’m older I would like to start a business that benefits my community.
Thanks ‘Teens Going Environmentally Green’ and keep up the good work! We hope that Rorisang, Maki and Thoba have given you some food for thought! Now that you’ve heard what it’s like, it’s time to experience it for yourself!
Over the next few weeks our panel of high profile judges will be choosing the winners of the 2014 School Enterprise Challenge. For one of our next blogs we will be catching up with one of this year’s judges in order to find out what they made of this year’s entries!
Hello from the School Enterprise Challenge team and welcome to the first in our series of SEC 2014 interviews!
Over the next couple of weeks we’ll be featuring interviews with students, teachers, judges, mentors and staff who participated in the 2014 School Enterprise Challenge.
This week we meet Joni Miller, the co-Founder and ‘School Enterprise Challenge’ teacher for Caye Caulker Ocean Academy in Belize. This island based high school has a strong focus on teaching entrepreneurship, innovation and real-world skills. Read about Joni’s experience in The School Enterprise Challenge and how the competition took her students’ practical skills to new heights!
Joni Miller (Above, Centre left) with Ocean Academy students
What made you want to get involved in The School Enterprise Challenge?
We are already running a number of school businesses as well as holding entrepreneurship classes at every level of our school; so joining the School Enterprise Challenge was a natural next step. Then when I saw that there were cash prizes and lesson plans it provided an extra incentive to get involved.
Can you tell us about the school business ‘Fish With Purpose’ that your students set up?
‘Fish With Purpose’ started when the owner of Angler Abroad Fly Fishing Tours offered to teach fly fishing to our students as a PE class choice. When we saw the School Enterprise Challenge, we realised the opportunity to turn it into a business. The ‘Fish with Purpose’ business offers sport and fly fishing experiences, accompanied by high-school students who share local insights about the island’s marine ecosystems, types of fish and marine life and best spots to fish. We already offered kayaking and bike trips, but the ‘Fish with Purpose’ business is different to the other businesses we run at our school because the students have taken the lead in running it themselves. My main role so far has been to provide resources for the students and setting up training workshops with community mentors.
Haywood Curry (Above, Right), the student’s fly fishing instructor, teaching the students about fishing
How has the experience affected your students?
The students are very passionate about their fly fishing class they love it! This experience has validated the fact that they have learnt a very valuable skill and they can use it to get into a very lucrative business – a fly fishing guide makes a lot of money sometimes up to $400 US dollars a day!
They have also enjoyed working with the visitors and tourists; they enjoyed working on their leadership and teamwork skills, as well as having their local knowledge valued. The students know a lot of things about the reef, local wildlife and fishing, so it’s really a chance for them to be recognised for the knowledge they have as islanders.
You just mentioned that your students gained experience in leadership and teamwork, what other skills did your students learn whilst participating in the School Enterprise Challenge?
They got a chance to practice their English. Belize is officially an English speaking country but the unofficial language is Creole, so when they were interacting with visitors and tourists they got the chance to work on their communication and language skills.
They also gained experience in Mentorship. Most of the students involved in the business are seniors and about to graduate. They took the initiative to start a ‘Peer Mentoring Scheme’; training younger students to take over the business and help it grow.
What kind of challenges did you encounter? And how did you overcome them?
Teach a Man to Fish loved our idea but were concerned about our high start-up costs. The students had to think about how to reduce these costs. They decided that just for the first year they were going to carry out land-based fishing trips that don’t require an investment of boats or paddleboards, and look at water based trips as the business grows. So that challenge was overcome by successfully scaling back their ambitions for the first year of the business.
Was there a moment that was particularly memorable?
The feedback on our final report was so enthusiastic and so positive. It was also really great to see how excited the students were about earning money and contributing towards their own tuition fees. This idea of being able to earn your own education is very meaningful to our students because education is not free in Belize, and this is a positive ways for students to relieve stress on family finances while also learning valuable skills.
What advice would you give to another teacher who is thinking about taking part in the School Enterprise Challenge?
Do it! I’ve already recommended it to a school in Uganda that is fundraising to support themselves. The School Enterprise has cash prizes! They also give you lesson plans which are really helpful and make the teacher’s workload so much easier!
(Above) Young Entrepreneurs with one of their catches, prior to releasing it back to the sea!
Will your school be continuing in the School Enterprise Challenge next year?
Yes, definitely. Next year we plan to enter a completely different business idea with a focus on technology!
You can find out more about Ocean Academy here: http://www.cayecaulkerschool.com/ (Link to Ocean Academy’s Website)
Stay tuned for next week’s interview with the students at Welkom High School in South Africa!
This week we will be sharing with you our top tips for great teamwork and leadership! Any school that has taken part in the School Enterprise Challenge will have seen why these two skills are so important to setting up a business. These are two great skills which you can continue to develop AND are applicable no matter where you are in life!
Top tips to building a great team:
Great teamwork is the key ingredient in running a successful business. You can keep your team motivated through planning well so everyone is happy in the role they have been given! It is also important to show your team members how they are building lots of skills and developing personally by being involved in the School Business. Ensuring strong leadership is in place and getting creative with your team is also is also a great way of maintaining a positive team spirit. A team which is happy can coordinate and co-operate in any situation!
Read some inspiring examples from some of our schools around the world!
Many of our participants who took part in last year’s competition highlighted that they built on their leadership and teamwork skills when they sent their final reports back to us.
Students at Shanghai Pinghe show what teamwork means to them
Here are a couple of examples of schools which built on these skills especially well:
Shanghai Pinghe Bilingual School in China set up a business selling DIY canvas bags and leaf bookmarks and noted the importance of teamwork in building a business. One of the challenges they faced was handling different opinions and views of team members in their meetings. Having someone in charge of managing and balancing the discussion was particularly helpful for them. They listened to and weighed up all opinions brought to the table, in order to make sure everyone in the team felt valued.
This is a great quote from them which sums up the value of teamwork:
‘We learned that business is cooperation. Our enterprise cannot materialize without each member’s contribution. Each member, to us, is important.’
DLF Public School in India harnessed leadership skills very well through their school business by integrating their project into the school curriculum. Their craft hut where they sold food and handmade crafts focused on building strong leadership qualities in all of the students. Students did this by making strategies themselves and leading their own team meetings. The school even created a management team consisting of the principal, two teachers and 7 student leaders to lead the rest of the team of students involved.
Check your email and download your copy of Guide 13 on motivating your team now! After reading our guide on building a strong team, it’s now your turn! Why not try planning a regular team-building exercise in your meetings where everyone can reflect on what has gone well and what needs to be improved- make sure you celebrate whenever you do achieve a goal!
Now that you’re into the stage of running your school business, it’s really important to keep track of your finances! This blog explains the process of record keeping and why it’s crucial to the success of your business!
What is record keeping?
So what is record keeping? Record keeping allows your school business to keep track of the money coming in and out of your business.
If we want to know our business’s financial health, we check the businesses financial records!
Why should I keep financial records?
Record Keeping is vital to the running of a successful business. There are many reasons why it is important to keep good financial records, here a just a couple of things you could do with good financial records:
- See how much income you are generating and at which times of the day/week/month/year you generate the most.
- See if money is owed to you and how much.
- See which of your products/services is making the most profit, and which is making the least.
Good financial recording will provide your business with information that will allow you to grow and nurture your business. But don’t just take our word for it! Check out what other schools in the School Enterprise Challenge have done with their financial records!
Lusoti High School in Swaziland won a prize in the School Enterprise Challenge 2013. The success of their agricultural business was built upon their commitment to accounting and record keeping. The team created three accounting positions: a financial manager, a sales accountant and a cost accountant. These team members helped the business to run smoothly and provided information which allowed them to produce an economically viable business. From good record keeping they were able to see that they could sell their produce at 50% of their competitor’s price but still run at a healthy profit! Awesome!
It’s not just businesses that can benefit from good accounting and record keeping. Setting up accounting systems and practices for your school business offers a great way for young people to learn about finance, providing them with the knowledge and skills they need to manage their own money for life!
All School Enterprise Challenge participants have been sent a NEW Guide to Accounting and Record Keeping so check your email NOW. The guide provides a step by step guide for setting up your own financial records and has a number of useful templates that provide a fantastic starting point for any school business. For more information read the guide, or email firstname.lastname@example.org.
This week is Global Entrepreneurship Week, and this year’s focus is on making new contacts. In celebration, everyone at The School Enterprise Challenge is busy getting connected, and you too can get involved with our mini-competition to GET CONNECTED!
Marie and Beth got connected at the Teach A Man To Fish office where we run the School Enterprise Challenge. Here they are participating in Global Entrepreneurship Weeks ‘handshake selfie’. Marie has a degree in design and Beth knows someone who is looking for a qualified designer to support their local business! A win-win solution for everyone!
Getting connected and having the confidence to network and ask for support are key skills for any budding entrepreneur.
What are you going to do to Get Connected?
You can get involved in Global Entrepreneurship Week through our mini-competition. Our competition is aimed at encouraging you to make new contacts, and get connected in a number of ways. You can:
- Get connected through social media
- Get connected with your local community
- Get connected with local businesses
This competition will help you to build new contacts and share experiences, achievements and barriers to success. Knowing where to find support for your business when you need it is a very important skill.
Students at Eleven Green Club coming together to encourage and support other schools to talk about the environment.
Two of our most recent School Enterprise Challenge blog winners, Eleven Green Club in Indonesia and Udaan – Creating Identity in India, have been getting connected online, through Facebook, as well as through their online blogs:
Eleven Green Club has been making new contacts with other local enterprising schools and businesses, sharing stories about their environmental work and helping others to follow their work.
Students at UDAAN participating in events to celebrate Global Entrepreneurship Week 2014. Students talked about previous students who had gone on to set up their own businesses!
Whilst Udaan – Creating Identity has held a creative discussion on the importance of entrepreneurial skills and starting your own business, sharing a few successful case studies of students who started their business when they were in college.
These are just some of the ways you can get connected this week and in the future.
We want you to get connected and join our competition. Whether you are getting connected to other enterprising schools through social media, local business or your local community let us know what it is you are doing to participate in Global Entrepreneurship Week!! We will showcase some of the most innovative ways of Getting Connected on our social media so you get even more positive coverage for your school business!
All School Enterprise Challenge participants have been sent an EXCLUSIVE Global Entrepreneurship Week guide. Check your email NOW for details on how to enter our mini competition! You can also email email@example.com for more information. Winners will be announced on our Facebook page and will receive a School Enterprise Challenge certificate!
So what are you waiting for Join us and GET CONNECTED TODAY!
Are you thinking of holding a launch event for your school business? Here’s 4 reasons why the School Enterprise Challenge team think you should!
- The biggest and most successful companies in the world use events to market their products to potential customers.
Events are a great way to showcase your products to new customers and create brand awareness! Kamala Nehru Public School in India held a launch event for their Jewellery Business. It was a ‘huge success’ as they sold many products and achieved record high sales of ‘Rs 16,000’ (over $260). They learned that events were a fantastic marketing tool and are planning more as their business progresses!
Top Tip – Sales Pitch: Devise and practice a sales pitch before the event. This will allow young entrepreneurs to confidentially communicate the details and benefits of the product they are selling to members of the public. When writing a sales pitch it is always great to consider the Unique Selling Points of the product.
- Events are a great way to get feedback from your potential customers about your products and learn more about customer service!
Roots Millennium School in Pakistan ran a fun fair style event. They felt that they learnt the most from their ice cream stand at this event. The ice cream stand exposed key areas for focus in the future. For example, the importance being familiar with the use of equipment, the importance of hygiene to customers and dealing with queuing customers.
Top Tip – Let people try your product or service: You could give customers samples to trial, or you could offer the product/service to someone who wins a competition that you run. Roots Schools ran a competition where customers could win an icecream if they guessed the correct weight of the icecream box! Offering people trials of your product is also an easy way to get feedback on your product.
- Events are a great way to get additional press coverage of your school business!
Our 2013 Top Global Winners, DAV Pushpanjali School in India held a launch event for their handicrafts enterprise, ‘Stand Tall.’ They also invited a special guest of honour, a representative from India’s Ministry of Environment. This attracted media attention and the school and it’s enterprise were featured in the national newspaper.
Top Tip: Make sure you write a press release and send it to as many newspapers, magazines and online media as possible. You can find a Press Release Template in our Educational Resources!
4. Events are FUN!!
Check out our friends in Basilomona Primary School for the proof!
Top Tip: Devise games and activities to create a fun atmosphere and to keep people entertained. This school put on lots of different games in order to get as many people through the door as possible!
So, there you have it! 4 great reasons to hold a launch event!
If you’ve been inspired to hold a launch event, why not share the details on our blog or Facebook page? We’d love to hear what you have planned!