Fiver Challenge

Fiver Challenge

Here is Step 3 of the Fiver Challenge. Remember, if you complete all 4 Steps, you will receive a certificate from me at the end of the challenge.


Step 3 – Plan it!

Your Business Plan

Now that you have your business idea and know what your customers think, you can put together a business plan. Answer the questions below to create your business plan. 

What is your business name?

What will your Fiver business sell?

How much would your product/service cost?

Would you do any discounts if people buy more? E.g. buy 2 get 1 free

Do you have any plans to include recycling or sustainability in your product/service?If yes, how?

Who are your target customers? E.g. family/ friends

What materials would you need to get started?

What makes your business special? This is called a Unique Selling Point (USP)

How can you make sure all the products/ every service is the same?

Where would you sell your product/ carry out your service? E.g. outside your house

How would you let customers know about your business and where to buy it? E.g. a poster

Product / Service – What would it look like?

Design your product, labeling any special features or materials you will use.

If your business is not selling things, then draw an advert or a poster for your business.
Looking forward to reading your business plans and seeing your designs don’t forget to email them to your class email or bring them into school.

My Money Week

My Money Week - Young Enterprise & Young Money
Financial Education - Young Enterprise & Young Money

My Money Week is a national activity week for primary and secondary school aged children and young people, providing a fantastic opportunity for them to gain the skills, knowledge and confidence in money matters to thrive in society

Get involved with My Money Week about discussing the questions below, sharing what you find and having a go at some of the activities.

All activities are from the My Money resource hub.

Activities for children aged 3 – 7 years.

Activities for children aged 7 -11 years

Draw pictures of 5 things your adults at home spend money on e.g. household items/food/
school uniform/water etc.
• Cut out the drawings. On the back of
each drawing, ask your adult to write the amount they spend on that item (don’t let your adult show you at this stage).
• Mix up the drawings and pick one e.g. a microwave.
• Place it on a table/surface face up and ask your adult to tell you how much the item cost.
• Pick another drawing and place it face up next to the previous one. Do you think it cost more or less than the first item you picked? Say ‘higher’ or ‘lower’.
• Your adult will reveal if you are correct. If you are, continue the game.
If not, start the game again.
• You will ‘win’ once all of 5 drawings are in a row on the table/surface.

• Do you understand that some items cost more/less due to personal decisions about spending, as well as living within your means. Talk to your adults about some of the choices they make when buying different things.

Could you live without the internet?
• Begin a 2-minute timer (use a watch or mobile phone, etc) and see how many reasons you and your adult can list why the internet is used at home.
• Ask your adult to write down how much the internet costs you per month.
Get you adult to place it facedown and you have to guess how much it costs. If you are close to the amount, your adult will push the paper towards you, if you aren’t, your adult will pull the paper away. Repeat this cycle of guessing and moving the paper until you have guessed the correct amount.

Have a family discussion/debate about whether the internet is a need or want – why? Think about
why the access to the internet was so important during the school ‘lockdowns’.

  • Everything in the home you want and need has to be carefully budgeted for.
  • What would happen if your adult didn’t budget for the cost of the internet?
  • What would you need to do differently if you didn’t have the internet at home, and how would you do it.

Exploring Notes

Ask your adult if they have a five pound note, ten pound note and twenty pound note. They may even have some notes from other currencies. Explore the variety of notes. Talk about their colour, material, shape, size, weight, value and the details on the notes. You can find pictures of British currency here.
• Compare the details on different notes. Discuss wit your adults: Are these two notes identical? Are the designs on each note the same or different? What do the images on the note represent?
• Talk to your adult (or use the internet to research) about the different forms money comes in today. Can you name any other ways to pay for things? Does your family use cash often? Will notes still be needed in the future?
• Discuss with your adult what notes might look like in the future. Use the internet to see that notes looked different in the past and will look different in the future. Think about whether your note will..

  • be lightweight or heavy?
  • have a higher or lower value than current notes?
  • be the same shape/colour/material etc as
    current notes?
  • contain images and if so, what will they look like?
  • be a note, or will notes/cash no longer exist?
  • include a digital element?
  • Design and describe your own ‘Note for the Future’.

Fiver Challenge

Fiver Challenge

Here is Step 2 of the Fiver Challenge. Remember, if you complete all 4 Steps, you will receive a certificate from me at the end of the challenge.


Step 2 – Research it!


Find out what your customers might want from your product or service by doing Remote Market Research. Use the “Remote Market Research Survey Template”, adding in your questions and asking friends and family what they think about your business. There are examples of questions below. Please note – this survey is only to be completed at home under parent/career supervision if necessary. You can use the telephone or email to get answers from people not in your house but only if you know the people already.

Market Research

When starting a business researching the market is very important. It can help you find out information about your customers, competitors and your business as well.

Here are some example questions to help you plan your market research

Who will buy your product/service?

How could you get them to buy your product/service?

How can you find out what makes your business stand out to customers?

What makes your product/ service special?

Are there other products like yours?

What do you know about them?

What is going to be your price? And will customers buy from  you at that price?

What other questions could you ask?

You can think of your own questions for your market research or use the questions above. When you have your list of questions it’s time to research your market from your house.

You could use phone calls, emails or ask people in your house to take the survey to see if they would buy your product/ service and why?

What did you find out?

Write about what you found out from your market research and email it to your class email.
Good luck and I can’t wait to see what you come up wit

Fiver Challenge

Fiver Challenge

What could you do with £5?

Fiver Challenge Report - Young Enterprise & Young Money

Due to the restrictions still in place, this year you can once again take part in the Fiver challenge at home.

Fiver from Home has been developed so you can experience how to create a business idea, plan it and then pitch it – all from your home!

The challenge is to work by yourself, or with the people in your house, to imagine a business that would sell a product or service, and to think about how this could get started with just £5.

Step 1 – Think it!

The first thing to do is decide what product you are going to sell or what service you can offer. raw or write down all your ideas of the businesses you need to start with £5. For example, you could sell stickers or reusable straws, wash cars or walk dogs! It could be selling food, or a car wash – there are no bad ideas! Write or draw whatever you think of.

Your Business Name & Logo

Every business needs to stand out to attract customers. Your logo might be the first thing that customers see. It should stand out and let people know what you sell. Think of your business ideas, choose one and then create your business name and create your logo.

If you can’t think of a name maybe you can use your own name or what you sell to help you to make one.

Use the “Top tips for creating a logo” sheet to make your logo the best it can be!

Don’t forget to tell us why you select your business name and logo. E.g.

My business name will be…because…

I have created this logo because…

Remember to email all your ideas, business name and logo to your class email or bring your designs and ideas in to school; so that you can receive your certificate at the end of the challenge!

Good luck and I can’t wait to see all your ideas, we had some amazing ones last year!

This month is…

PRIDE MONTH 2021 - June | National Today

Pride Month

June is Pride month, which commemorates the anniversary of the Stonewall Rebellion (NYC, USA) and aims to increase awareness of LGBTQ+ history, identity and community. 

The Stonewall Rebellion began June 28, 1969. At the time, police raids on LGBTQ+-friendly bars and other spaces were common, but patrons at the Stonewall Inn fought back with a multi-day protest that lasted until July 3, 1969. 

Prominent figures in the rebellion included Marsha P. Johnson and Sylvia Rivera, two transgender activists whose enormous contributions to LGBTQ+ activism will be commemorated with an upcoming monument in New York City. It was on the one-year anniversary of the start of the Stonewall riots that the very first Pride march took place. It was a more of a protest than a parade, with people marching in the streets. That march has continued in June for more than 50 years afterward. During Pride month, parades and marches take place all over the country to celebrate and elevate the history of the LGBTQ+ social movement.

Some parts of LGBTQ+ history are painful and difficult. People have faced discrimination and outright hatred, and unfortunately, those problems still persist.

The word “Pride” was actually originally an acronym that stood for Personal Rights in Defense and Education, an organization started in 1966 to fight for equal rights for LGBTQ+ people in California. But of course, there’s also the double meaning of Pride, which describes the feeling of deep pleasure or satisfaction people get from their achievements or best qualities. Pride is also defined as the “consciousness of one’s own dignity.” In other words, we use the word Pride to both honour an influential organization and to be proud of who we are.

Letter: Where's my colour in Pride? Adding black and brown stripes to the  rainbow flag

What Does the LGBTQ+ Flag Mean?

The rainbow flag has long been a symbol for LGBTQ+ Pride, not only in June but throughout the year. It was designed by a man named Gilbert Baker in 1978 to fly in San Francisco’s Gay Freedom Celebration. The original flag had eight colours and each symbolized something different—pink for sexuality, red for life, orange for healing, yellow for the sun, green for nature, turquoise for art, indigo for harmony, and violet for the soul. The most recent rainbow flag also includes pink and blue for transgender people, and black and brown to represent people of colour.

Visit care.com for more information and tips for parents.

Problem of the month – June

Test your mathematic skills with these problems below. Don’t forget to share your answers and findings with us by leaving a reply.

Good Luck!

EYFS Problem

What maths can you see? Complete these sentences to help you get started.

I can see … ducks.

There are … mice.

There are … flowers altogether.

Think about, what is the same and what is different in each picture?

KS1 Problem

Using these digit cards, what is the largest even number you can make? You can only use each digit card once! What is the largest odd number you can make? What is the smallest even number? What is the smallest odd number?

KS2 Problems

Which one will you pick? Or are you up to both challenges?

Matchsticks

Take this arrangement and with the following moves:

  • Move 2 matches to make 7 squares
    • Remove 2 matches and leave 2 squares
    • Move 3 matches and leave 3 squares
    • Remove 3 matches and move 2 to form 3 squares
    • Move 4 matches and form 3 squares
    • Remove 1 match and move 4 to make 11 squares

    Triangles

    How many triangles are there? Beware, it’s not as easy as you think!

    Don’t forget to leave your solutions in the comments section or email your class teachers.

    National Numeracy Day – Maths Raps

    Y6 Class Blog

    Last week we celebrated National Numeracy Day and we had lots of fun exploring numbers. We always try to put maths into everyday context and we were looking at numbers as salaries. The children had many discussions about how much money they thought people earn and should earn in a variety of jobs – there were some surprises!! Who knew that some artists can get paid up to £100,000 a year? Not us! Many thought that teachers and doctors should get paid more too.

    We then had a go at writing maths raps. It actually was quite tricky making the rhymes work and then practising them, but we had lots of fun. Here are a few of our raps.

    Do you know how to add?

    If not, maths will drive you mad

    Fractions are cool, like in a swimming pool

    It will take dedication to learn multiplication

    Precision is needed…

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