What could your students do with £10?
The Tenner Challenge is Young Enterprise’s free, four-week UK-wide competition challenging young people aged 11-19 to develop key skills, using real money to take calculated risks in business. Every business idea is pledged £10 from the Young Enterprise Tenner Bank.
Taking part will provide a safe and fun environment beyond the classroom for students, to experience setting up and running their own business; from creating a product, designing a company logo, working as a team, and managing a budget and trading directly with the public. All the resources you need to make the challenge a success are available online for you and your students. This includes ideas and inspiration, activities, case studies and guidance.
Tenner Challenge is a great way to encourage social action, many students at the end of the challenge will donate proceeds to local causes, schools or charities, providing a platform for young people to make a positive contribution to the wider community.
Tenner helps schools provide diverse learning opportunities, helping students develop skills which underpin success in education and employment such as: resilience, communication and teamwork. Specifically, participation in Tenner helps schools and teachers:
- Meet their statutory duties to deliver impartial, independent career guidance
- Prepare young people for the next stage of learning, life and work
- Apply and utilise financial mathematics.
The challenge provides students a real opportunity to:
- Explore a range of career opportunities whilst shaping future aspirations and goals
- Gain an understanding of how businesses are structured and recognise different roles
- Problem solve in a real-world context.
The Tenner Challenge is a great opportunity for students to be creative about using money and (utilise any hidden) entrepreneurial skills of their own. The task can develop help develop problem-solving skills using the incentive of ‘real’ money! It’s certain to gain the attention of every student! (@TeacherToolkit)