There are some important principles that must be followed when the children trade to be sure that the challenge is both fair and safe. These include:Teams can only trade at agreed times and in agreed locations.
1. | These are agreed with their teachers. |
2. | Trading can only take place during the dates set down in the timeline and the project co-ordinator will advise of these. |
3. | Clear guidelines must be given by the teachers of the participating schools about who they can trade with. This is typically children of the school and their families. |
4. | Trading must take place under the supervision of adults. |
5. | The team members can only sell in a limited way to their families and any sales must be declared. Please see the 'rules' for more details. |
6. | The teams can trade as regularly or as little as they want but schools must balance the manufacturing time, the trading time and their school work time. |
Each school must agree a date with the project co-ordinator to have a 'trade fair'. This is where all teams come together to sell at a fair or fete to which the school is invited but this is only one event. The teams should trade before and after this event over a period of weeks.
Each team needs to be given a 'cash float' and their cash position reconciled against their company accounts each week.