How the Fiver Challenge works
Pupils will use £5 pledges to get their business ideas off the ground during the four weeks of the challenge, aiming to make as much profit as they can. Here’s how…
Four Week Programme Plan
1 - here's a fiver!
Pupils will work together to decide what product or service they’ll invest their fivers in
2 - getting started
Teams will need to source materials or products, prepare sales pitches, and plan selling events
3 - keep it going
In the third week of the Challenge pupils get their product or service ready and prepare for their selling event
4 - payback and keep the profits
At the end of the Challenge pupils will repay their £5 pledges plus a 50p legacy contribution and decide how to spend or donate their profit
Fiver Weekly Competitions
At the end of weeks 1 & 2 and pupils will have the opportunity to enter two Challenge competitions:
1 - Logo Design
We'll be looking for logos that can create impact and communicate to customers about the product or service
2 - Sales Pitch
Imagine you only have 60 seconds to tell us your product or service, what would you say?
Entering a Competition
Once the Challenge starts all competitions will be open for submissions, so entries can be uploaded whenever they are ready.
Each entry will need to be submitted in a certain file format – full details of file formats, upload instructions and judging criteria will be available once you are registered for the Challenge.
National Fiver Competition
The National Fiver Challenge Competition runs at the end of the four week programme.
There are four different awards:
- Most Profitable Business Idea
- Best Group
- Most Inspiring Individual
- Fiver for Good - Team or Individual
The Judges are always looking for:
Achievements in the Challenge, plus stories of team and personal development including creativity, problem solving and teamwork