On 1st March 2016 entrepreneur Simon Thompson, Co-Founder of market leading website AccommodationforStudents.com was invited to give a Founders talk to the children of Cheadle Heath Primary. You could have heard a pin drop as Simon gave his presentation and the children inundated him with questions for 30 minutes after the talk.
Simon set the children a £10 business challenge. The concept is simple, children are invited to write a one page business plan detailing a) a one paragraph summary of what the business is and why it will work b) A summary of how the £10 investment will be spent c) a revenue and profit forecast. On the reverse is a post event analysis form where the student writes down the actual revenue and profit/loss and an analysis of what they learnt from the experience and would do differently next time.