The Fiver Challenge introduces pupils to develop their enterprise skills in a real-life context

The Fiver Challenge works by pledging children £5. Each child starts their business by deciding how to use their start-up capital, either in a group or individually.

Pupils have one month to set up their business and product, and make as much money as they can from their fiver whilst also aiming to engage in the local community. At the end of the month, each team works out their finances and repays their pledge.

Pupils are in full control of the profits they earn and can decide what they can spend them on, for example, donate their money to a charity or local cause of their choice, a school trip or day out and resources for the classroom.

The businesses at Stoke Fleming included: selling arts and crafts, ice-cream sandwiches, sweets, cookies, jelly shots, tie die socks and vests, car washing, jewellery, accessories, tattoos, candles, voodoo dolls, footballs, marketing the end of year play, football and rugby tournaments and a dog show.

The dog show is called Woofantastic Dog Show and is the idea of 9 year old, Marcus Cozens and his friend Hope Elliott. It will be held on July, 16th at 10.30am to 12.30pm at Stoke Fleming playing field. There will be a small entry fee per class with 6 classes, a raffle and refreshments. Parking will be available at Village Hall

Mrs Andrea Hall, the teacher for year 6 said: “Children demonstrated a range of skills and discussions about how to wisely spend their money, who they are marketing to, and when and where is it the best to sell.

“They had the opportunity to analyse their business’s success and how they could make changes in the future to make even more profit we certainly have some Richard Bransons in the making!”