Final Report Template Stage 3 IMPORTANT: HOW TO COMPLETE AND SUBMIT YOUR FINAL REPORT 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. Sections G-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! ? Any Questions Contact the School Enterprise Challenge team at:E-mail: info@schoolenterprisechallenge.org Blog: http://schoolenterprisechallenge.wordpress.com Website: www.schoolenterprisechallenge.org 1 Final Report Template 2015 Your School Details a. School Name b. Country The Waid Academy Scotland c. Business Name Sarees for Schools d. Business Activity Retailing e. Main product / service Fat quarters and silk crafting scrap packs f. g. Number of students in business team We recycle pure silk sarees and silk mix sarees into fat quarters and silk crafting scraps. The profits will be going towards funding other activities in the school for other pupils. 14 h. Number of students in school 696 i. j. Brief description of your school business Your school business social media links (Facebook page, Twitter, Blogs, etc.) Budget Period for the Financial Plan 18th August 2015 – 5th November 2015 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 £0 (started with silk $0 donations) Total Income (Actual) Insert answer from Section B $1824 $873.64 Total Direct Costs (Actual) Insert answer from Section C $170.24 $63.76 Gross Profit (Actual) Insert answer from Section D $1671.76 $809.88 Total Indirect Costs (Actual) Insert answer from Section E $121.60 $0 Net Profit (Actual) Insert answer from Section F $1550.16 $809.88 PART ONE: FINAL REPORT NARRATIVE Section A: Main Achievements 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. 1. We have forged strong links with our partner school KIIT World School, Dehli 2. It’s let pupils experience running their own business not just learning about this. 3. We have raised money to fund projects in our school and help others. 2 Final Report Template 2015 4. We have created a successful product that is in demand locally. 5. We have had fun and involved the rest of our school community in this! Section B: Business Implementation TOP TIP! 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 answer these questions. Operational Plan: How did you actually produce your product/service? Please explain clearly your production process. (10) After brainstorming ideas and carrying out market research into our proposed product we created an Action Plan chart which included time scales and staff responsible for each task. This took the form of a Gantt chart. We also created a staff rota to ensure that there were enough members of the team available to carry out the tasks required and made sure everyone had their own copy of this. In order to keep a record of our production process we created a stock list so we could keep track of how much raw materials, semi-finished goods and finished goods we had. One of our first tasks was to contact KIIT World School to establish supply raw materials. Additionally many of us visited India in October and were able to purchase some additional fabric while there. In order to put production into operation we created a resource analysis and see what equipment was available at school and if there was any other equipment we needed to borrow or purchase. This identified the need to borrow a cutting mat and rotary cutter from our Consumer Technology Department and purchase recycled card for packaging and natural jute string. Our MD liaised with staff to ensure we have a work space available/bookable to meet and start our business and storage for our products and equipment. We also design prototypes and samples of products made from saree fabric. Our marketing team designed packaging for our sample products. We started production as per schedule/rota. Our operations team is responsible for keeping the stock list and accounts up to date on a weekly basis Our HR manager ensures staff turn up for rota duties and nominates staff, who turn up for all their duty and show outstanding effort, as employee of the month to reward their hard work. 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) a. To identify our target market we involved members of the school and local community by handing our surveys to help identify the gender, age and spending habits of our potential customers, as well as feedback on our products and methods of improvement b. We carried out desk research to compile a list of local businesses that sell craft products as well as businesses that sell fabric and trimmings. We also researched local art schools and craft groups that might be interested in purchasing our product. 3 Final Report Template 2015 c. We used this list to help our sales team contact businesses and organisation by person and by email showing them samples of our product or images on our facebook page. This allowed us to take pre orders for our product as we did not have enough stock available to fill demand. d. We also advertised our product by posters and word of mouth throughout the school to staff and pupils and by email to parents. e. We found direct selling and a trained sales team were effective ways of generating sales and pre orders. All of the customers who had pre-ordered stock were happy to purchase once our orders were ready to be fulfilled and many of them placed more orders which we are still working on. We kept customers well informed on the progress of orders by email or directly. f. We also found our facebook page was a good way to communicate how our business was progressing and show examples of our stock. Please tell us about your 4 P’s (Product, Price, Place, Promotion) now that you actually started your school business. - - Product – What was your product? Our product was recycled saree fabric that we initially got donated from our partner school in India and purchased directly ourselves after we had generated some funds from sales. The fabric was made into packs of 8 mixed design, fat quarters, tied with string and with a paper wrapper holding them in place. We made sample craft products with our fabric and also created organza bags of mixed silk scrap suitable for card making or embellishments We created attractive labels and packaging for our products including our own logo. In addition to this we also hosted an Indian Culture Day where we shared our images of India, provided information about our product and the charity projects we aim to support, served Indian food in the café and allowed pupils to take part in such activities as making mala’s, stamping Diwali cards, learning Bollywood dances and taking part in a dance off competition. We also used this as an opportunity to sell off any remaining bundles and packs of fabric. This event was really popular and teacher and school staff bought our remaining fabric packs Price – What price did you sell it at? We sold the fat quarter bundles for £12 retail and £8 wholesale (although we have managed to sell them all retail to date) and the organza bags of scrap at £3.95. We decided on these prices after carrying our desk research into our competitors and while similar products are not widely available those that we found averaged £19 a bundle or £5 a bag. Our price therefore seemed highly competitive and paired with the fact that similar products are scarcely available but there is a good demand for them we were confident our pricing strategy was the correct one. We did consider pricing our products cheaper but as we had a list of customers happy to buy at these rates we agreed this would be a lost opportunity to make money while demand was strong. Place – Where did you sell your product? We sold our product through a local craft shop by approaching them and showing them samples. They were happy to take a display box and pass on the proceeds to us without taking a commission 4 Final Report Template 2015 as they were pleased the money would go to a good cause and be used wisely. We also approached a local knitting group who purchased several packs from us as did students and staff at a nearby art school. The remaining stock was sold at our school directly to teachers, through a sample on display and order form in the staff room and to parents who placed orders. We also kept some stock available to sell at our Indian Culture day which proved to be a great opportunity as the staff that attended were keen to buy something in order to support us. Promotion – How did you promote your product? We promoted our product in many different ways, these being: by poster around the school which was a good method of reaching a wide audience with repeated exposure to help reinforce our message. By social media on our facebook account as this meant the page could be shared and we could reach a wide audience outside the school, it also allowed us to keep people informed with events such as our Indian Culture Day, an opportunity not only to showcase our product but to spread information about what we are doing and why, provide fun activities for the younger pupils and encourage more people to volunteer to help in the future. By word of mouth and reputation. By email communication to parents linking our facebook page and sharing information and prices. 5 Final Report Template 2015 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. Section C: Challenges and Solutions 6 Final Report Template 2015 TOP TIP! 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. 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 biggest challenge we faced was time or lack of it as we struggled to fit this project into our academic curriculum. It was also hard to get people out of class to work on the project as so many of them had academic commitments that took priority. This meant that while people were enthusiastic they were over committed elsewhere and the amount of hours they had originally agreed to spare to help got less and less as studies took over. Many people failed to stick to their rota of duties due to absence and other school activities. Getting our raw materials was also an issue as we quickly ran out of our original consignment of sarees and thought is best to wait until some members of our team were actually in India to source and select new stock. Once in India we found it difficult to source vintage sarees in Dehli or Jaipur as we were unfamiliar with the best places to shop or the whole time consuming system of haggling over prices. This is an unfamiliar concept to most of us and one we found difficult to get used to. Because of this the second batch of fabric while hand-picked by us was not as large as we had hoped and since our return, while they are more expensive we have found it easier to source vintage sarees from the UK. A reliable, cost effective supply is something that still needs to be worked on. Production also caused our operations director a headache as quality control and keeping the product consistent in size and shape proved to be very time consuming and frustrating for us all. Eventually we created a folding template which helped us ensure that all of the products were similar in appearance. Section D: Outcomes - How have the students benefitted from the running of the school business? Please provide specific examples on each of the following areas. (5) - Taking part has helped some of us consider more ambitious futures for ourselves in education, careers or life as they have challenged themselves and improved our confidence. Callum for example has applied for a place studying business at university. Many pupils have learned to be more tolerant and understanding of others through our teamwork and by realizing a greater empathy for the plight of children with less life and education opportunities than ourselves through our exploration into our supply country and its economy. Running our own business has also given pupils an accredited vocational unit award in a recognised higher level qualification. - - - Aspirations: Aspirations are defined as a young person’s ambitions and realistic goals of the future for themselves and their family/wider community. By running this school enterprise many of our pupils are determined to pursue a career in business. One pupil has decided that further education is not for them and that they are ready to work now. They are currently waiting to hear if they have been successful in a business administrative apprenticeship position starting after Christmas. 7 Final Report Template 2015 - Knowledge Skills: Knowledge Skills are defined as the facts, information, and abilities acquired through experience or education. - Taking part has allowed pupils to learn by doing which we have found far more rewarding and motivational than listening to classroom theory. Running our own business has encouraged us to be more organised, practical and forced us to take greater responsibilities for our actions, such as the consequences of failing to turn up to duties. Running our business has made us more aware of our own capabilities and limitations and made many of us reflect on how these could be improved or developed. - - - 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. Running our own business has improved many of our pupils self-esteem. Through working on this project it has encouraged us to be more empathetic with fellow students and children across the globe. We have realised the hardships and barriers to education that many other children encounter and it has inspired us and motivated us to do something to help improve their education and their lives. As well as this many of us feel we are more tolerant of others. We have had to work together on a common goal and leave our personal differences behind us. We have had to be patient and trust our team members to be responsible for their own actions. How has the school benefitted from the running of the business? Please provide specific examples. (5) Through our business we have gained a closer link with KIIT World School in India. This has improved academic achievements for teachers and pupils. It has also given us access to greater support for the school and the wider community i.e has opened up new opportunities including forging good links with local businesses in the community who stock our products and may be open to help us with similar projects in the future, paving the way for our teachers and pupils visit to KIIT World school through a common enterprise goal and in allowing students interested in studying artistic subjects the opportunity to meet with teachers and lecturers at a local art school. The school has also benefitted from the valuable contribution pupils have given to the wider community with their fundraising. The positive publicity generated for the school, within the local community, through this project. The improved good will of parents and their appreciation of how their children have grown and developed through being part of this team. 8 Final Report Template 2015 Section E: People, Profit, Planet TOP TIP! 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. People: How did people benefit from your business? Through our project we were able to donate £300 to support children in education or help children gain access to education. This was money which would otherwise not have been generated. We helped to create employment opportunities within our school to give pupils valuable work experience and helped them to generate wealth in the economy which in the turn benefits their communities. Pupils taking part in this project were able to use their volunteering towards gaining an officially recognised business award. We were able to support communities in India economically through the sourcing and purchase of saree’s in Delhi which generated a new trade for our suppliers which they would otherwise not have received. Please ask a teacher, a student, a parent and a customer what they think about your school business and how it has made an impact on their lives. Please include their quotes here (please try to keep them short). (5) Teacher’s quote: “I am very pleased at the enthusiasm and commitment shown by the pupils, it has inspired my teaching and made me give them more freedom”. Mrs Jackie Mitchell Student’s quote: “I used to be so shy and would let others take over but now I feel my ideas and contribution are valuable and I am more confident” Cody Mowbray Parent’s quote: “I am so proud of my daughter Eve as chairwoman of this social enterprise challenge. She has grown more mature and organised, through taking on such responsibilities.” Mrs OBrien Customer’s quote: “I was really pleased with the fabric and the price, as nothing else similar is available and it has been admired by all of my friends” Mrs Caroline Weir Planet: What difference has your business had on the environment? How has your business improved the environment around you? Please be clear and specific and include one or two pictures (if you have any). (5) Our business has had a positive environmental impact as by reusing existing fabric we have minimised pollution and the deplete of natural resources through the manufacturing process. - - 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) We did not need any immediate start-up capital as we had a donated batch of sarees and some school resources available to us to get started. Selling our first batch allowed us to raise money to spend on replenishing our packaging and display materials and on the purchase of our second, larger batch of sarees and fabric. We constantly used our sales revenue to fund and grow our business. We kept our costs to the minimum and our packaging simple, using recycled paper and string this meant our manufacturing costs were very low. 9 Final Report Template 2015 - - We had a sound pricing strategy. While we kept our pricing very competitive we feel we did not undersell. Customers felt they were receiving value for money compared to other similar products. Demand was high and we feel we capitalized on this. Our markup was around 900% but as our labour was all done by volunteers we realise that outside of school and in the long term this would not be sustainable and wages would have to be paid. Our pricing strategy would allow our business still to be viable as one or two people could be employed and would be able to devote more hours into manufacture. We plan to keep some of our profit, reinvesting it into the business to purchase more stock and keep the operation going. We plan to distribute some of our profit to our chosen charitable cause, helping education and enterprise in our partner schools local community. We also plan to use some of the continuing profits to fund educational activities within our school Section F: Business Development and Sustainability TOP TIP! A sustainable business is one that demonstrates the ability to continue for an indefinite period of time. 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) We want to continue selling our crafting fabric packs as these have proved to be very popular and in great demand. Now that practice and experience has sped up our production we are confident that this will not be too time consuming for our team. As our examples of items that could be crafted with our product proved so popular some of our team would like to spend time manufacturing these as some customers will admire our fabric packs but do not feel they have the skill to makes something themselves, instead they would like to buy the finished item. This would be an area we would like to develop in the future. 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 running and continue developing it (200 words max). (5) As our school year does not change over until June 2016 the same students will be involved in this project until they break for exams in April. The existing students are keen to continue the business until they leave school. We plan to use an assembly and posters around the school to recruit a new team to take over the business in June 2016 as well as information to parents on the benefits of participation. Eventually we hope to build up a larger number of volunteers than at present, interested not only in being part of running their own school enterprise but in crafting and sewing as this will help with our development plan. Students who take up craft related courses in June 2016 will be personally asked if they would like to be part of the team as items they make would count towards their Higher textiles award. Our assembly will also promote the positive benefits, skills and academic recognition pupils can experience through running this business. 10 Final Report Template 2015 Appendix (OPTIONAL Bonus Points) You can use this space to paste any 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. 11 Final Report Template 2015 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. TOP TIP 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) £ sterling Exchange Rate to US Dollars (E.g. 1 US $ = 63.52 Indian Rupees) £1 - $1.52 Period of time budgeted for (E.g. 3 months) 3 months 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) TOP TIP 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 Start Up OR Business Development Costs Start Up OR Business Quantity Unit Cost Development Equipment Total Costs of your Equipment (Quantity x Unit Cost) £0 Computer and colour printer Fabric Scissors Rotary Cutting tool & Mat Paper Trimmer Laminator Start Up OR Business Development Supplies 1 £0 2 1 1 1 Quantity £0 £0 £0 £0 Unit Costs Vintage Silk Sarees 10 £0 £0 £0 £0 £0 Total Costs of your Supplies/ Expenses (Quantity x Unit Costs) £0 £0 £0 £0 £0 £0 Local Currency £0 £0 £0 Sheet of Craft Paper for 6 packaging (makes 2 labels) Printer ink for labels 6 sheets worth Roll of String 1 Roll of sticky tape 1 Total Start Up Costs OR Business Development Costs (Add your Total Costs Together) In US Dollars $ 12 Final Report Template 2015 £0 $0 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 Quantity Sales Price Sales Income (Quantity x Service Sales Price) Silk Fabric Packs 32 £12 £384 Silk Scrap Bags 10 £3.95 £39.50 Sample Necklace 2 £10 £20 Donations for attending Indian Cultural Day £131.26 Total Income (Add all the ‘Sales Income’ together) Local Currency £574.76 In US Dollars $ $873.64 Section C: Direct Costs (Actual) TOP TIP 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: Silk Fabric Packs 100 sheet pack of Recycled craft paper Vintage sarees 1 £11 £11 20 £1.30 £26.00 Printer ink & 6 laminating £0 pouches donated by school Product/Service 2 Please tell us what this product or service is here: Silk scrap bags made with fabric remnants left over from product 1 Pack of 25 organza bags 1 £4.95 £4.95 Product / Service 3 Please tell us what this product or service is here: Indian culture day activities Coloured paper and resources donated by school £0 Total Direct Costs (Add up all the Total Costs) Local Currency 13 Final Report Template 2015 £41.95 In US Dollars $ $63.76 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 £574.76 $873.64 £41.95 £532.81 $63.76 $809.88 Total Direct Costs Gross Profit (Total Sales Income – Total Direct Costs) Section E: Indirect Costs (Actual) TOP TIP 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 Total Costs (Quantity x Unit Cost) £0 Local Currency £0 In US Dollars $ £0 Use of school facilities, heat/light etc Total Indirect Costs (Add up all the Total Costs) 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 £532.81 $809.88 Total Indirect Costs £0 $0 Net Profit (Gross Profit – Total Indirect Costs) £532.81 $809.88 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 answer 7b. 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 14 Final Report Template 2015 Net Profit Total Start Up Budget 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 Total Business Development Budget 2015 Net Profit 2015 / (Total Investment before 2015 + Total Business Development Budget ) = Return on Investment % 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 Fabric Crafting Packs Sales price of product £12.00 Amount of Units Sold 32 Total Sales Income of product (Sales Price x Amount) £384 Direct Costs Silk Sarees & Fabric Quantity 20 purchased 10 donated 16 Unit Cost £1.30 £0 £0.11 Total Cost £26.00 £0.00 £1.76 Recycled Craft Paper Total Direct Costs for Product 1 £27.76 Profitability 15 Final Report Template 2015 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 Product item x 100 ÷ Sales Price) 9. £0.87 £11.13 92.75% How will you use the information from the product profitability to develop your business in the future? We are confident that even if we had not received a donation of sarees originally our percentage profitability would be so high as to ensure a good profit. Additional Comments: If you have any additional comments about your Financial Report please put them in here: Our total revenue was not as high as we had predicted but this was due to supply issues which we are confident will now be resolved. Demand is still strong for our products and we expect it to continue. 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 Yes No x resources, financial support, advice) 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 696 your school? d. What type of school is your school? Mixed x Boys School Girls School School e. How many girls and boys are directly Boys: 5 Girls: 9 Total: 14 involved in the School Business: f. What is the average age of students 17 involved in the Business? g. What is the average number of e.g. six hours per week per student hours per week a student One hour per week per student participated in the business? 16 Final Report Template 2015 h. How was time allocated to plan and run the business? It was run as an after school club It was run at lunchtimes It was run in free periods It was integrated into our existing lessons/curriculum Other x Please specify: It was integrated into an existing class where academic studies permitted in addition to pupils volunteering to help in free periods. i. How many external people were employed by your business? None - although an additional 12 senior pupils volunteered/helped out with our cultural day as did our cafeteria staff. j. Please tell us how you spent or plan to spend your profits? Please tick as many as apply. School running costs Tuition fees for students Local community projects x Trips and activities for students Reinvested back into the business x Started a new business Others x Please specify: Support community education projects in India 2. Parental and Community Involvement a. Did you talk to parents explaining the importance of the school business? For example you could 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? Yes x No We communicated to parents via email 1-50 parents 101-150 parents More 200 parents x c. Did you hold any events? For example a launch event, sales events, an event for Global Entrepreneurship Week? Yes x d. If you answered yes to questions 2c, how many people attended this/these events? 1-50 people 101-150 people 200-500 people x More than 1000 people 51-100 parents 151-200 parents No We held a day of Indian Culture to share our project and increase cultural awareness of festivals, food and living standards. 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) 51-100 people 151-200 people 500-1000 people 1 direct member of staff although 10-11 staff supported the business and helped out with our cultural event. School Enterprise Challenge Weekly Guides x Additional Resources (e.g. Social Media Guide, Community Engagement Pack) x Primary Enterprise Curriculum Secondary Enterprise Curriculum x CONGRATULATIONS on writing your Final Report! 17 Final Report Template 2015 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? Yes we were unsure about the SWOT analysis and this was an area we originally rushed and failed to fully work through. Our Weekly Emails x Our Website Our Facebook page Our Twitter page Our Blog SMS Printed Paper Resources x 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 you next year? Please provide specific examples. We found the time frame for the project very rushed as we had our 6 weeks summer holiday and 2 weeks October break during the time allowed. We would prefer to start the project in September to finish before Christmas break or alternatively to run the project over a longer period to allow for loss of time through holidays. b. What did you most enjoy about being involved in the School Enterprise Challenge? Please provide specific examples. We enjoyed actually running the business rather than learning about the theory of business. Taking part and doing something made what we learn in the classroom much more real and relevant. Organising the event was the most fun as we felt the school could really appreciate everything we had done and become more involved in our project. You have completed Stage 3 and the School Enterprise Challenge competition 2015! Submit NOW! 18 Final Report Template 2015