School Enterprise Challenge Business Idea Template

rustomjee cambridge international school

SCHOOL NAME

INDIA

COUNTRY

ANNUAL REPORT

An update on our business this year

Written by Aditi, Shreya, Aarya,, Ethan, Hetsavi, Rudra, Suyash, Tarpan.

Reshma & Payal

LEAD TEACHER

Created as part of the School Enterprise Challenge Awards Programme – Bronze Level

Section A: Executive Summary
Business Name / Market Day
Business Activity / Selling products made by students
Main product / service / Canteen day and Miscellaneous
Our school business social media (Facebook page, blog, Twitter account etc.) / Facebook page , School blog.
Number of students involved in business implementation activities (including writing this Annual Report) / Boys 67 / Girls 73 / Total 140
Number of students in whole school / Boys 859 / Girls 989 / Total 1848
Number of parents involved in our school business / 78
Financial Summary
Period of time covered in this report: 3 months
Our local currency (Rupees) / US Dollars $
Total Income (Actual) / 85175
Total Costs (Actual) / 32180
Profit (Actual) / 52995
Section B:Running Our Business
1. Here is a summary of what we did to set up and run our business.
Ø To set up the business our students took a survey of our school infrastructure and and then took a Market survey on primary students needs and demands for the Market day.
Ø Our students did mouth to mouth publicity of their products and made pamphlets and banners to display their products in each class room.
Ø Our students planned their business product and business strategies like fixing and buying raw material (Cheap and best quality product), fixing up the selling price by calculating the cost price and minimum profit etc...
Ø They learned the recipes for the item to be presented and also learned to make DIY products, origami, toys , etc....
Ø Our students set up and runned business and they understood the challenges and problems faced in the business.
Section C: Use of Profits
2. Here is an explanation of how we decided what we plan to spend our profits on:
Students planned to use the entire profit for the welfare of the people and they decided to donate the entire profit to NGO.
Section D: Our Achievements, Challenges and Solutions

3. These were the 3 biggest challenges we faced when planning/setting up/running our business and the solutions we came up with to overcome them:

a. Challenge #1: Start- up Capital

Solution: To start up a business students arranged capital from their own savings( Piggy bank,etc...) and even Parents contributed money as a interest free loan to students. Some students sold their old watches, bags and bicycles and used the money to start up the business.

b. Challenge #2: Time Management(Managing studies along with business)
Solution: Initially when students started business their studies were affected because they were so excited for starting the business that their concentration is diverded towards business. They neglected their studies but later on as per teachers guidance they decided that business activites should bediscussed on Saturdays and Sundays.( when we dont have school work) . They divided business work in groups as planning team, raw material purchasing team, selling team, accounts team,sales and promotion teams, etc. They started discussing business issues in long breaks.
c. Challenge #3: Unestablished brand
Solution: Their were many products in our canteen which are well established. So initially on the Market days students kept selling price less as compared to the products in canteen so that we can attract our customers and increase the sales. Students also learned new recipes so that they can attract customers with the minimum cost and tasty food.
3. These are the 3 most important things we learned:
1. Team Management- Students learned that we can manage any work with the help of team work. Students can solve any problems of managing the team and working on it.
2. Learn from the experience – Students learned from the first day sales that some products like sandwiches was not in demand while other products like chocolate delight and juices are in great demand. So they planned business strategies as per our experience in day today life in business.
3. Confidence – Each student in our business gained a confidence in doing the activity honestly. Students now can face new customers daily with a confidence smile on their face .
Section E: Sustainability & Business Development
4. Our business has a positive impact on the environment and our community because:
Students were using more of organic products which will have positive impact in our environment and community.
5. Our school business has the potential to carry on running sustainably next year and have a positive impact on the local environment and our community.This is our three point action plan of how we will keep it running:
1. Students are planning that after 3 consecutive months we will organise MARKET DAY.
2. Students will plan Market days on open house and parents teachers meeting days so that we can face parents as customers and we can gain confidence in our plan.
3. Students will re-organise our team and add new products and new members in our business team.
Students demonstrate a clear understanding of the concept of sustainability. The business has clearly the potential to carry on running sustainably next year and have a positive impact on the local environment and their community. Students clearly listed their ‘three point action plan’ of how they will keep the business running or the ‘three biggest lessons learned’ about why their business has not been successful as planned and have clearly mentioned what they have learned they should do differently next time.
OR
Our school business does not have the potential to carry on running next year because we cannot make a profit and/or our business is not socially/environmentally sustainable. These are the three biggest lessons we have learned aboutwhy our business has not been as successful as we planned AND what we have learned we should do differently next time:
1.
2.
3.

Appendix Section: Students in Action

Please find in this space some evidence that clearly shows our involvement as students in the setting up of our business. You will find 3-5 photos (or if that’s not possible, we will share quotes from participating students).
A photo of our launch event:

A photo of us running our business:

A photo of our financial record keeping:

FINANCIAL REPORTING

1. Income (actual)

NAME OF PRODUCT OR SERVICE / QUANTITY / SALES PRICE / SALES INCOME
(Quantity x Sales Price)
Chocolate delight / 180 / 30 / 5400
Marshmallows Pops / 160 / 25 / 4000
The Shop / 150 / 50 / 7500
Pasta and Pizza / 86 / 100 / 8600
Tea Stall / 140 / 15 / 2100
Drink dudes / 200 / 35 / 7000
Candle delight / 120 / 50 / 6000
Antique Shop / 180 / 50 / 9000
Greeting cards / 120 / 45 / 5400
Orgami / 226 / 25 / 5650
Once upon a crafter / 215 / 30 / 6450
Sandwich / 230 / 40 / 9200
Yummylucious / 180 / 25 / 4500
Gifts and more / 125 / 35 / 4375
TOTAL SALES INCOME / 85175

2. Costs (actual)

NAME OF ITEM / QUANTITY / COST PER ITEM / TOTAL COSTS
(Quantity x Cost per Item)
Cake / 13 / 650 / 8450
Chocolate fudge / 2kg / 700 / 1400
Chocolate syrup / 5 bottles / 350 / 1750
Pizza base / 66 / 60 / 3960
Sause / 3kg / 240 / 720
Pasta / 1kg / 50 / 50
Cheese / 2kg / 750 / 1500
Fruit juice / 8 litres / 250 / 2000
Fevicol / 1kg / 150 / 150
Tea / 3kg / 450 / 1350
Candle / 30 / 150 / 4500
Empty box / 25 / 50 / 1250
Chart paper / 20 / 30 / 600
Mashmallow / 50 / 25 / 1250
Vegetables / 4kg / 200 / 800
Milk / 8litres / 90 / 720
Bread / 6packets / 35 / 210
Paper plates / 8packets / 40 / 320
Sugar / 3kg / 50 / 150
Mceal / 2 box / 175 / 350
Screws / 20 packets / 35 / 700
TOTAL COSTS / 32180

3. Profit (actual)

OurLocal Currency
TOTAL SALES INCOME / 85175
TOTAL COSTS / 32180
PROFIT
(Total Sales Income – Total Costs) / 52995

This is how we raised the money needed to start our business:

Our own piggy bank and Parents fund

Additional comments about our finances: We have to learn to maintain our daily expenditure records so that accounts calculation will not be error.

Our Local Currency used : / Rupees
Exchange rate to US Dollars: / 0.015

STUDENTS’ IMPROVEMENT ON SKILLS

It is important for you, your teacher and for us to reflect on how the Awards Programme has helped you develop your skills. Please ask your teacher to fill in the following sections. ONLY SCHOOLS THAT COMPLETE THIS SECTION WILL BE ELIGIBLE FOR AN AWARD.

1. After going through the activities to implement your school business do you feel your students...

Please choose ONE option (‘Improved’, ‘Stayed the same’ or ‘Did not improve’) for each row below…. / Did not improve / Stayed the same / Improved
a. Are more confident speaking in front of other people (e.g. during market research) / ✓
b. Work better with people with different opinions to theirs / ✓
c. Have improvedtheir team working ability, e.g. if other team members were struggling they offered support to them / ✓
d. Are more confident analysing information / ✓
e. Are more able to use their ideas to organise and plan work in order to reach their goals / ✓
f. Are more able to look at different ways to solve a problem and are more confident in selecting a solution / ✓
g. Do you feel your students have gained the skills and knowledge to start and run a successful business independently? / ✓
2. Can you tell us the biggest impact the program has had on a specific student, their family or even yourself?
Tarpan was a slow learner. He used to take time to speak openly with anyone. With this activity he is totally changed. We can see a reasonable change in his behaviour towards studies, living life. He has gained confidence in doing things
3. Through the school business implementation process, which skills do you think students improved/gainedthe most (max 3):
Leadership / ✓ / Communication / Aspiration
✓ / Confidence / ✓ / Decision making / Other – Please specify:
Problem solving / Team work
4. Do you feel the activities helped students improve their performance in other subjects at school? You can choose more than one option.
No / ✓ / Yes, in Science
✓ / Yes, in Maths / ✓ / Yes, in Business Studies
✓ / Yes, in Writing & Reading / ✓ / Yes, Other – Please specify: cooperative and friendly nature towards all.
5. Have the students used the skills learned through the school business implementation outside school?
✓ / Yes / If you answer ‘Yes’, please specify (if possible):
HOW – For example, Have they carried out any business activities?: They started taking vacations batches of dancing, DIY products, selling home made chocolate delight and other food items.
With WHOM – For example, with their family, other students, etc.:
Family members and friends.
No

CONGRATULATIONS on writing your Annual Report! You have completed Step 3 and the School Enterprise Challenge programme! Submit NOW!

Remember to submit your Annual Report to the School Enterprise Challenge Awards Programme by logging in to your account at: www.schoolenterprisechallenge.org/login

in order to be eligible to receive your Bronze Award.