Success for mini moguls during enterprise week

WANNABE mini moguls from seven schools have taken part in an exciting initiative organised by Breckland Council.

WANNABE mini moguls from seven schools have taken part in an exciting initiative organised by Breckland Council.

The project ran during the Young Peoples' Enterprise Week, last month, when they had the opportunity to sell their own products and services at local fairs. More than 70 students aged between five and 18 years took part at the events which were held in four Breckland market towns: Watton, Thetford, Swaffham and Dereham.

The pupils ran stalls selling various items, such as recycled and eco friendly goods, cakes, biscuits and sweets, T-shirts, nail art, bags and jewellery. One group of youngsters performed a puppet show highlighting the issues of bullying, whilst others organised a tombola stand and coffee shop.

The fairs took place after several weeks of work, during which youngsters learnt how to develop business plans and to take on company roles such as director, sales manager or marketing director.

As well as assistance from their schools, clubs and local authority, the youngsters were encouraged to ask for help from parents and local businesses.

The young entrepreneurs were encouraged to market research their products whilst learning the importance of keeping detailed financial records. Opportunities to raise capital for their projects from sponsorship deals, selling company shares or personal investment were also encouraged.

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More than �650 was raised during the course of the week. The youngsters chose to donate some of the funds to various charities including Help for Heroes, Riding for the Disabled, The Olive Tree Project, The Cottage Hospital and Children in Need, whilst the rest will help to pay for future creative projects in their schools.

Theresa Hewett, executive member for communities and benefits said: “This was a wonderful opportunity for young people ranging from primary to secondary school age to experience the accomplishment of running a company and to gain an insight into the world of commerce.”

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