The Biscakes team selling at break time this week
Students have been working hard this term to form their new, start-up businesses. They have also been discovering that it requires lots of hard work and planning to run a successful business!
This term there are three new businesses producing and selling a variety of exciting products. BISCAKES, our healthy cupcake business, have already been very successful with their second bake sale and they are already planning ahead for future events.
All of our businesses are busy getting ready for their big sale at this year's Christmas Fair. Look out for handmade jewelry, stationary and Christmas themed products. The Enterprise Club is also very excited about their Christmas card design competition which will support the Tanzania trip and other school charities. The deadline for designs is next Friday 7 November, ask your teacher for more details.
From a Student – Thomas Roberts, Year 7
This term I chose Enterprise Club for one of my ECAs because I thought it would be interesting to learn about starting and running a business. I am in a group with Fabrizio and Eero.
One of the most difficult things was to decide what sort of business to start. We thought about identifying and filling a need. We also wanted to include some sort of charity aspect. In the end we formed BISCAKES. We have had two cake sales so far and have completely sold out both times which has been a great feeling!
We have learnt a lot about the costs of setting up a business; how careful you have to be keeping track of all your expenditure and shopping around for the cheapest possible ingredients. We struggled during our first sale with an overly complicated price structure and so we made everything much simpler the second time around which was a good lesson. We have also learnt about the importance of advertising and promotion.
Although we have found a great demand for our cakes, our profit has been fairly modest and if you count all the time we put in, it is probably only just worth doing. But we are learning so much about running a business that even if we only just break even it will still have been worthwhile.
We are under some pressure to come up with a slightly healthier snack but it is hard to imagine selling out of carrot sticks when you have brownies! Hopefully as time goes by our profit and income will increase. We are donating 20% of our profit to WaterAid.
Besides BISCAKES, I am especially looking forward to choosing the winners and prizes for the Christmas card competition.