Fiver Challenge
National Competition Page
National Competition
Children will be competing against teams and individuals across the UK, encouraging them to develop their confidence and creativity from an early age!
To enter, children will need to complete the National Competition Journal, which gives them the chance to reflect on their experience and learnings, as well as paint a picture of their overall business to our judges.
The National Competition opens once the challenge begins and closes on Sunday 7th July 2024 at 12am, a week after the challenge finishes.
There are five overall categories for children or teams to enter. Each category will award two winners, selected by the age groups of 5-8 years and 9-11 years. Except for the Best Business in Wales where there will be one overall winner. See the criteria for each category below to give your children the best chance of winning.
1. Best in Sustainability
This award will recognise an outstanding team or individual company performance using the combination of the following elements:
- Why did the team/individual decide to recognise sustainability?
- How did they achieve this?
- How did the team/individual communicate their ideas with customers?
- What was the outcome?
2. Fiver for Good
This award will recognise an outstanding team or individual company performance using the combination of the following elements:
- Why did the team/individual choose to connect or have an impact on their wider community?
- How did they achieve this?
- How did the team/individual communicate their ideas with customers?
- How did this make a positive contribution to the wider community?
3. Best Overall Business
This award will recognise an outstanding group or an individual company performance using the combination of the following elements:
Product:
How did the team/individual choose the product/service?
To what extent did they assess customer needs?
Were there any technical or manufacturing challenges they had to overcome?
How did they maintain quality standards?
Innovation and Entrepreneurship:
Did the team demonstrate entrepreneurship and innovation?
How well did the team unlock the potential of their original idea?
How was added value created?
Marketing:
Did the team/individual carry out market research and respond appropriately to the information they gathered?
What marketing, sales and promotional channels did they use and how effective were they in maximising sales?
Selling and Customer Focus:
How well did the team/individual understand their target customers?
Where and how did the team/individual sell their product or service?
Were their customers' needs identified and met?
Was their communication with customers effective?
Planning and Problem Solving:
Did the team/individual have a clear business plan?
Did the team/individual show strong problem-solving skills, independence and resilience?
4. Most Inspiring Individual
This award is open to any student taking part in the Fiver Challenge to recognise their outstanding personal performance. We are interested to hear about students who have demonstrated the following throughout:
- An ability to take action
- A hunger for opportunity
- A willingness to find solutions to challenges and problems
- A strong work ethic
- Did the team/individual have a clear business plan?
- Did the team/individual show strong problem-solving skills, independence and resilience?
5. Best Business in Wales
This award is open to all Welsh schools and will recognise an outstanding group or an individual company performance using the combination of the following elements:
Product:
How did the team/individual choose the product/service?
To what extent did they assess customer needs?
Were there any technical or manufacturing challenges they had to overcome?
How did they maintain quality standards?
Innovation and Entrepreneurship:
Did the team demonstrate entrepreneurship and innovation?
How well did the team unlock the potential of their original idea?
How was added value created?
Marketing:
Did the team/individual carry out market research and respond appropriately to the information they gathered?
What marketing, sales and promotional channels did they use and how effective were they in maximising sales?
Selling and Customer Focus:
How well did the team/individual understand their target customers?
Where and how did the team/individual sell their product or service? Were their customers' needs identified and met?
Was their communication with customers effective?
Planning and Problem Solving:
Did the team/individual have a clear business plan?
Did the team/individual show strong problem-solving skills, independence and resilience?
Teachers can submit a team into the National Competition only when their journal entry is complete. Every organisation can enter up to a maximum of 5 teams per registration.
Care should be taken not to directly or overtly imitate, copy or trade using existing company names, trademarks or copyrights.