Final Report Template
Stage 3
IMPORTANT: HOW TO COMPLETE AND SUBMIT YOUR FINAL REPORT
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This template should be completed by students with the support of teachers.
Please use the format provided as this is aligned to our marking scheme.
There are 3 Parts to the Final Report template.
- Part 1: Final Report Narrative. Please answer ALL questions.
- Part 2: Financial Reporting. Please answer ALL questions in Sections A-F.SectionsG-H are
optional.
- Part 3: Our Monitoring and Evaluation. Please answer ALL questions in Section 1-4,
question 5 is optional.
You may use extra pages. However, please try and keep your submission to 20 pages
maximum.
The numbers in brackets e.g. (10) indicates the highest number of points that can be awarded
for that question.
Follow our top tips to score high points and increase your chances of winning a prize!
You can also earn bonus points by including supporting documents in the Appendix!
When you are ready to submit your completed Final Report to us, please follow these
instructions:- (Please note the file size limit: 5MB)
- Log in to your account at: www.schoolenterprisechallenge.org/login
- Go to the ‘Progress Report’ on the right hand side.
- Click on 3) ‘Submit Your Final Report!’
- Choose your file and upload your completed Template. Click SUBMIT!
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Any Questions
Contact the School Enterprise Challenge team at:E-mail: info@schoolenterprisechallenge.org
Blog: http://schoolenterprisechallenge.wordpress.com
Website: www.schoolenterprisechallenge.org
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Final Report Template 2015
Your School Details
a. School Name
BalBharati Public School, Navi Mumbai
b. Country
India
c. Business Name
Art Attack
d. Business Activity
Handicrafts
e. Main product / service
Customised Greeting Cards and Designer Dandiyas.
f.
g. Number of students in business team
Students of Class V put in their efforts in a
stipulated time of 35 minutes thrice a week to
prepare the final product for sale.(Product –
customised cards and Dandiyas)
20 students
h. Number of students in school
2500 approximately.
i.
School Website.
j.
Brief description of your school business
Your school business social media links
(Facebook page, Twitter, Blogs, etc.)
Budget Period for the Financial Plan
One academic year(2015-16)
Financial Summary
You will be able to complete this section AFTER you have completed Sections A-F from the Financial Plan
on Page 6. This section is really important as it gives the judges a quick overview of your Finances.
Please note this section should be filled in in US Dollars.
Estimated in Business
Actual
Plan (Stage 2)
Start-Up Costs(Actual) Insert answer from Section A
$ 20
$ 20
Total Income(Actual)Insert answer from Section B
$ 93
$ 93
Total Direct Costs(Actual) Insert answer from Section C
$ 35
$ 35
Gross Profit(Actual)Insert answer from Section D
$ 58
$ 58
Total Indirect Costs(Actual)Insert answer from Section E
$ 0.76
$ 0.76
Net Profit(Actual)Insert answer from Section F
$ 34
$ 34
PART ONE: FINAL REPORT NARRATIVE
Section A: Main Achievements
1. Please tell us the top five things that your school has achieved in the School Enterprise Challenge
Competition. There are no marks for this question; however, your answers to this question help us
to understand your school business better.
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Final Report Template 2015
1. School Enterprise Challenge gave us the opportunity to become entrepreneurs.
2. It helped us learn new skills and abilities, like interpersonal communication to
unfamiliar buyers.
3. It gave ample freedom to think about the final product design and gather resources to
achieve the same.
4. It also taught us to market our product and work towards the sale of the product and
and generate maximum profit.
5. The challenge instilled discipline of time, productivity of work, and team efforts.
Section B: Business Implementation
ART ATTACK
These questions will give you the chance to show us how you actually implemented your school business.
Please refer back to your Business Plan template if you need help to answerthese questions.
2. Operational Plan: How did you actually produce your product/service? Please explain clearly your
production process. (10)
The product was produced in the following stages:
i.
The required raw material was purchased from the whole sale market.
ii.
Students were familiarized with the concept of school enterprise challenge, their role
and contribution for the same.
iii.
Groups were formed and each group of students had innovative ideas which they used
effectively to make customized cards and designer dandiyas.
iv.
This was done by the students within a stipulated time.
3. Marketing &Sales: Did you actually sell your product/service to the customers identified on your
Market Research? If not, why? Who was your Target Market? (10)
Yes. The product was sold to the targeted customers. The customers were students, their parents
and alumni. The parents of students of all classes were a part of the target market.
Please tell us about your 4 P’s (Product, Price, Place, Promotion) now that you actually started
your school business.
a. Product – What was your product?
The product was “Designer Dandiyas” and “Greeting cards”.
b. Price – What price did you sell it at?
The pair of Designer Dandiyas were sold at Rs. 60/- and Rs.40/-.
c. Place – Where did you sell your product?
In the school Premises on the eve of DandiyaDhamaka in the school.
d. Promotion – How did you promote your product?E.g.Did you hold any launch event?
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Final Report Template 2015
The promotion of the product was done in the following ways:
i.
The students who prepared the product publicized by themselves(Mouth Publicity)
ii.
By making parents aware of the availability of the product for sale through Circular
and invitation on the eve of DandiyaDhamaka.
iii.
Posters regarding the availability and sale of Designer Dandiyas.
4. Evidence: Please include here any evidence that shows you actually implemented your school
business;such as examples of records kept, press releases (if any), one-two photos from the
launch event (if any), one-two photos of the team running the business. You can get 5 points if
you answer to this question.Note: at the end of this Narrative section you will find an Appendix for
any other additional information you want to add.
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Section C: Challenges and Solutions
ART ATTACK
Your answers to these questions will test your innovation and creativity in setting up your business. Don’t
be afraid of writing about your problems or things that went wrong with your business. Recognising and
addressing problems are key skills for entrepreneurship.
5. What were the biggest challenges you faced when planning, running and/or implementing your
business and how did you overcome them? Please give us some evidence of your innovation and
creativity when solving these challenges (300 words max).(10)
The challenges we faced while implementing the business idea are as follow:
i.
Time crunch experienced in producing more number of customized cards and designer
dandiyas.
ii.
Advertising for the sale of the product was a challenge.
iii.
Students were trained in soft communication skills helpful in marketing the product.
The challenges were overcome by following ways:
i.
The students were called thrice a week for a period of 35 minutes in each session.
ii.
Advertising was done by posters, mouth publicity and written circular.
iii.
Workshop on soft communication skills was conducted.
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Final Report Template 2015
Section D: Outcomes
6. How have the students benefitted from the running of the school business? Please provide
specific examples on each of the following areas.(5)
a. Aspirations:Aspirations are defined as a young person’s ambitions and realistic goals of the future
for themselves and their family/wider community.
The students aspired to make designer dandiyas after successful sale of customised cards.
b. Knowledge Skills:Knowledge Skills are defined as the facts, information and abilities acquired
through experience or education.
It enhanced their creativity, thinking and comprehending skills, and intra –personal skills of the
students.
c. Attitudes: Attitudes are defined as a manner of thinking, feeling or behaving that reflects a state of
mind or disposition; the way a person views something or tends to behave towards it.
It helped in developing their confidence in presenting themselves to unfamiliar buyers.
7. How has the school benefitted from the running of the business? Please provide
specificexamples.(5)
The school has benefitted from the running of the business in the following ways:
i.
In moulding young minds towards entrepreneurship.
ii.
In understanding and applying the concept of running a business.
Section E: People, Profit, Planet
ART ATTACK!
Remember your business needs to address all 3 People, Profit, Planet criteria to win our Top Global prize.
Extra points will be awarded to the most innovative answers in this section.
8. People: How did people benefit from your business?
People had easy access to buying of designer customised cardsand designerdandiyasin the
school premises. The products were available on general school gathering, such as PTM and
DandiyaDhamaka event.
Please ask a teacher, a student, a parent and a customerwhat they think about your school
businessand how it has made an impact on their lives.Please include their quotes here (please try
to keep them short).(5)
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Final Report Template 2015
Teacher’s quote: It is truly said that
“Entrepreunership is a way of
thinking, of planning for the future
and taking responsibility for
oneself”. I experienced a live
example in the school through
School Enterprise Challenge.
Student’s quote: My dream came true of being an Entrepreneur,
by the opportunity given by my school to showcase my skills and
capabilities. It also taught me qualities like leadership,
interpersonal skills, teamwork and teambuilding
Parent’s & Customer’s quote: I I was impressed with the creative
work of the children and the intra personal skills they displayed
towards the maximum sale of the product..
9. Planet: What difference has your business had on the environment? How has your business
improved the environment around you? Pleasebeclear and specific and include one or two pictures
(if you have any). (5)
The customised cards were made out of paper which is an environment friendly product. The
decorative material used was also environment friendly. Special care and attention was taken to
make use of materials which are eco-friendly.
10. Profit: How did you raise your start-up capital? What approaches did you take to maximize your
profits? What would you do with your profits? (5)
The Start up capital was provided by the school.
The profits were maximized in the following ways:
1. The products were advertised through posters, written circular and mouth-to mouth
publicity.
2. As the raw materials were bought from wholesale market, the final product was prepared at
a cheaper rate compared to retail market, hence the profit percentage was more than
double. That helped us to yield maximum profits.
3. Apart from sale, the emphasis was on providing good quality product.
Section F: Business Development and Sustainability
ART ATTACK
A sustainable business is one that demonstrates the ability to continue for an indefinite period of time.
11. Business Development - What are your future plans for your enterprise? Please provide specific
examples (200 words max). As an example, think about what other products you want to develop,
etc.(5)
Our future plans comprise of a wide variety of innovative and creative ideas. A number of ideas popped
up in the minds of the students, while they were working with card-making and dandiya making. The
aim is not solely on introducing new variants but also to target customers like working parents and
corporates, andwe will prepare our students for the same.
We also have plans to introduce variety of artefacts like, Canvas Painting, Glass Painting, Sand Painting,
Quilling Jewellery, and puppet making. We would plan to create opportunities for the sale of these
products.
12. Operational Planning -How are you planning to run the business next year?Will new students be
involved in the programme? Please tell us the steps you will take next year to keep your business
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running and continue developing it (200 words max). (5)
The business would be carried forward with a set of new students working along with the previous team
of students. The business would be carried forward next yearin the following ways:
1.
2.
3.
4.
5.
Selection of new students.
Briefing the new students done by the old student(previous team).
Introducing the guideline provided by School Enterprise Challenge.
Discuss about the funds available and raw material required for the same.
Explain about the role of competitors.
6.
7.
8.
9.
Operational plan will be discussed and responsibilities would be spilt among team members.
Devote sufficient time and space for the product preparation.
Hold weekly meetings to check on progress.
Discuss the challenges faced and solutions for the same.
Appendix (OPTIONAL Bonus Points)
You can use this space to pasteany additional items which support your business implementation, e.g.
examples of how you kept the team motivated, examples of how the business has been incorportated to
the curriculum, team rotas, photos (3 photos MAX), etc.
PART TWO
Financial Reporting (20)
Please note that this Financial Report is showing what you actually spent money on and what you
actually sold. Your numbers may be different to the original Financial Plan you submitted at Stage 2.
ART ATTACK
You may complete your Financial Report using your local currency. Please tell us what this is, E.g. Indian
Rupees. In the report we will ask you to convert your TOTALS into US $. You can use this website to do
this: http://www.xe.com. Remember to write down the exchange rate you are using in the box below!
Please add any extra rows to the tables where necessary.
Local Currency used (E.g. Indian Rupees)
Indian Rupees.
Exchange Rate to US Dollars (E.g. 1 US $ = 63.52
Indian Rupees)
Period of time budgeted for (E.g. 3 months)
Not applicable
One academic session.[2015-2016]
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Final Report Template 2015
Please note you may use your own financial plan template however you MUST still complete the
financial summary provided at the beginning of this Final Report Template.
Section A: Start-Up Costs (Actual) / Business Development Costs (Actual)
ART ATTACK
Your Start-Up Costs or Business Development Costs are the costs of the Equipment and Supplies that you used
to start your business. If you already had the products that you needed to start up your business please list
them here and put 0 as the Unit cost.
1. Please list all your actual StartUpOR Business Development Costs
Start
Quantity
Unit Cost
UpORBusinessDevelopmentEquipment
Total Costs of your
Equipment (Quantity
x Unit Cost)
NIl
Nil
Nil
Nil
Start Up
ORBusinessDevelopmentSupplies
Quantity
Unit Costs
White sheets
100
Rs. 3/-
Total Costs of your
Supplies/ Expenses
(Quantity x Unit
Costs)
Rs.300/-
Coloured sheets
150
Rs.4/-
Rs. 600/-
Quilling strips
4 packets
Rs. 25/- each
Rs. 100/-
Glue
10 bottles
Rs. 25/-
Rs. 250/-
Unfinished Dandiyas
150 pairs
Rs.5
150x 5=750
Satin ribbons
Zari
Glue
Total Direct Costs
(Add up all the Total Costs)B
20 rolls
10 rolls
20 bottles
Rs.22/Rs.20/Rs.25/-
20x22=440
10X20=200
20x25=500
Rs. 1890/-
Rs.1890/-
A+B
Total Direct Costs
(Add up all the Total Costs)A
Local Currency
1250+1890=3140
Total StartUpCostsOR Business Development Costs
(Add your Total Costs Together)
Local Currency
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Rs. 1250+1890=3140
In US Dollars $
$20 approximately
Section B: Income (Actual)
2.
Please list all the products or services that your business sold. Please tell us the amount you sold
and the price at which you sold your products/service for.
Name of Product or Service
Quantity
Sales Price
Sales Income
(Quantity x Sales
Price)
Customised Cards
50 cards
Rs.15/50X15=750
Designer Dandiyas
150 pairs
Total Income
(Add all the ‘Sales Income’ together)
Rs. 60, 40, 10
50X60=3000
50X40=2000
50X10=500
Local Currency
Rs. 6250/-
In US Dollars $
$ 95
Section C: Direct Costs (Actual)
ART ATTACK
Direct Costs refer to materials, labour and expenses related to the production of a specific product or service.
Don’t forget that the direct costs from your Start-Up Supplies/Expenses in Section A should be included here
too. Please add extra rows if you need to.
3. Please list all of the items you bought in order to make or provide each product or service.
Name of Item
Quantity
Unit Cost
Total Costs (Quantity
x Unit Cost)
Product/Service 1 Please tell us what this product or service is here: Designer Customised Cards
White sheets
100
Rs. 3/-
Rs.300/-
Coloured sheets
150
Rs.4/-
Rs. 600/-
Quilling strips
4 packets
Rs. 25/- each
Rs. 100/-
Glue
10 bottles
Rs. 25/-
Rs. 250/-
Logistics
-
Product / Service 2Please tell us what this product or service is here: Designer Dandiyas(Zari Lace)
Unfinished Dandiyas
150 pairs
Rs.5
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Final Report Template 2015
150x 5=750
Satin ribbons
Zari
Glue
Total Direct Costs
(Add up all the Total Costs)
20 rolls
10 rolls
20 bottles
Rs.22/Rs.20/Rs.25/Local Currency
20x22=440
10X20=200
20x25=500
Rs.1890/-
In US Dollars $
$30 approximately
Section D: Gross Profit (Actual)
4.
Please calculate your Gross Profit in your Local Currency and then convert it to US Dollars $.
Calculation
Local Currency
US Dollars $
Total Sales Income
Rs.6250
$95
Total Direct Costs
Rs 1250+
Rs.1890=3140
$49
Gross Profit
(Total Sales Income – Total Direct Costs)
6250-3140=3110
$48
Section E: Indirect Costs (Actual)
ART ATTACK
Indirect costs are items that you need to spend money on to run your business. However, they are not related
to the making of your product or service. E.g. Marketing or transportation costs involved in getting your
product to market.
5. Please list all of your Indirect Costs.
Name of item
Quantity
Unit Cost
Nil
Nil
Nil
Total Indirect Costs
(Add up all the Total Costs)
Total Costs (Quantity
x Unit Cost)
Nil
Local Currency
In US Dollars $
Section F: Net Profit (Actual)
6. Please calculate your Net Profit in your local currency and convert this to US Dollars.
Calculation
Local Currency
US Dollars $
Gross profit
Rs. 3110/-
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Final Report Template 2015
$48 approximately
Total Indirect Costs
Nil
Nil
Net Profit (Gross Profit – Total Indirect Costs)
Rs. 3110/-
$48 approximately
Questions 7,8 and 9 are optional!
Section G: Return on Investment (OPTIONAL)
Please answer 7a. If you are on the NEW BUSINESS TRACK and setting up a business for the first
time
OR
Please answer7b. If you are on the BUSINESS DEVELOPMENT TRACK and have an existing business.
7. a.Please calculate your Return on Investment (Optional) - If you are on the NEW BUSINESS TRACK
Business Development with new products still in products.
Net Profit
NA
Total Start Up Budget
NA
Net Profit / Start Up Budget x 100 = Return on Investment (%)
OR
%
7b.
Please calculate your Return on Investment (Optional) - If you are on the BUSINESS DEVELOPMENT
TRACK
Total investment before 2015
25% of the sales in charity, rest to be
reinvested in new business product.
Total Business Development Budget 2015
Not decided yet.
Net Profit 2015 / (Total Investment before 2015 + Total
Business Development Budget ) = Return on Investment
NA
Section H: Product and Profitability (OPTIONAL)
8.
Please use the following Product Profitability Worksheet for each Product or Service you are selling.
We have provided you with one worksheet, however please add additional sheets if necessary. For
this section ‘Product’ refers to the Product or Service that you are selling. Working out your product
profitability is important as it can give you an idea of how you can increase the profitability of your
business.
Product / Service 1
Name of product
Sales price of product
Amount of Units Sold
Total Sales Income of product (Sales Price x Amount)
Direct Costs
Quantity
Unit Cost
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Final Report Template 2015
Total Cost
Total Direct Costs for Product 1
Profitability
Direct Cost per Product item (Total Direct Cost for Product ÷
Amount produced of Product)
Gross Profit of Product item(Total Sales Income for Product – Total
Direct Costs for Product)
Percentage Profitability (Gross Profit of Productitemx 100 ÷ Sales
Price)
9.
How will you use the information from the product profitability to develop your business in the
future?
Additional Comments: If you have any additional comments about your Financial Report please put them in
here:
No additional comments about financial report.
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Final Report Template 2015
PART THREE
Our Monitoring and Evaluation
Your feedback is essential to help us to improve and develop The School Enterprise Challenge in 2016.
Please answer honestly, your answers to this section will not impact your score and will be separated from
your Final Report for marking purposes. This section is really important to us and should only take you
about 5 minutes.
1. Business Summary
a. Did you receive support (printed
No
resources, financial support, advice) Yes
from a NGO or an organisation to
plan and run your business?
b. If you answered yes to question 1a,
NGO/Organisation name:
please provide the organisation’s
name and contact details.
Contact details (if available):
c. How many students are enrolled in
2500 students
your school?
d. What type of school is your school?
Boys School
Girls School
Mixed
School
e. How many girls and boys are directly Boys:10
Girls:10
Total: 20
involved in the School Business:
f. What is the average age of students Age group of 10 to 11 years
involved in the Business?
g. What is the average number of
3 hours per week per student
hours per week a student
participated in the business?
It was run as an after school club
h. How was time allocated to plan and
It was run at lunchtimes
run the business?
It was run in free periods
It was integrated into our existing lessons/curriculum
Other
Please specify: Zero period was utilised for the
business activity.
i.
j.
How many external people were
employed by your business?
Please tell us how you spent or plan
to spend your profits? Please tick as
many as apply.
None.
School running costs
Tuition fees for students
Local community projects
Trips and activities for students
Reinvested back into the business
Started a new business
Others
to charity.
Please specify:25% of the profit would be donated
2. Parental and Community Involvement
a. Did you talk to parents explaining
Yes
No
the importance of the school
All the parents were informed through circulars on the
business? For example you could
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Final Report Template 2015
have held an information evening, or
visited parents at home.
b. If you answered yes to question 2a,
how many parents did you talk to?
website.
1-50 parents 51-100 parents
101-150 parents
151-200 parents
More 200 parents
c. Did you hold any events? For
example a launch event, sales
events, an event for Global
Entrepreneurship Week?
Yes
d. If you answered yes to questions
2c,how many people attended
this/these events?
1-50 people 51-100 people
101-150 people 151-200 people
200-500 people
500-1000 people
No
More than 1000 people
3. Training and Educational Resources
a. How many teachers and school staff
were involved in the School
Enterprise Challenge?
b. Which of the following educational
resources did you use? (Please tick
as many as apply)
c. Were there any areas of business
planning/implementation that you
would have liked more support on?
If yes, please specify.
4. Communications
a. How did you access information
about the School Enterprise
Challenge?
6 school staff members.
School Enterprise Challenge Weekly Guides
Additional Resources (e.g. Social Media Guide, Community
Engagement Pack)
Primary Enterprise Curriculum
Secondary Enterprise Curriculum
For better involvement of students in understanding the
business idea, sufficient time was required.
Our Weekly Emails
Our Website
Our Facebook page
Our Twitter page
Our Blog
SMS
Printed Paper Resources
5. Feedback (OPTIONAL)
Your feedback is really important, we want to know what you thought about the School Enterprise
Challenge so that we can continue to grow and develop the programme next year.
a. How can we improve the School Enterprise Challenge for younext year? Please provide specific
examples.
Our inputs about the school enterprise challenge are as follows:
a. It gave students an opportunity to become a budding entrepreuner.
b. The students learned to work as a team.
c. It enhanced the intra personal skills of the students.
d. Provide sufficient time after sending the initialguide for proper planning and
implementation of business idea.
b. What did you most enjoy about being involved in the School Enterprise Challenge? Please provide
specific examples.
The most enjoyable experience about school enterprise challenge was :
a. Marketing of the product done by the students.
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b. Intra personal skills displayed by the students for maximum sale.
CONGRATULATIONS on writing your Final Report!
You have completed Stage 3 and the School Enterprise Challenge competition 2015! Submit NOW!
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Final Report Template 2015