The project will take approximately 5 months from start to finish. Below is the proposed timeline and it is critical that all participating schools try to keep to this timeline so the children from across the different countries are able to share their ideas at each stage of the project with each other.

There are set stages from establishing their company, to researching, designing and making a prototype of their product, to securing the funds in their funds to allow them to begin to manufacture and market the product to eventually being able to sell their products, create profit, reinvest their profit in manufacturing more products to try and become the most profitable company team. The project will end with a final presentation to the 'Dragons' who invested in their company where they will report on their successes and failures.

Each stage will require teacher input to discuss with the children the key entrepreneurial skills and guide the children through the critical stages of establishing and running a company. They will need input from local expertise and each participating school can organise their own local entrepreneurs, designers, bankers and local business people to come in and talk with the children to inspire and guide them in the decisions they are making in their teams.

Through each stage there is real opportunity for teachers to embed this learning alongside the teaching of English, mathematics, design and technology and the development of key skills such as IT skills, communication and collaboration skills, problem-solving skills and most importantly presentation and team skills. They will need to be taught about profit and loss and business acumen and develop an awareness of how to market a product and the vital importance of meeting deadlines.

Stage

Element

Description of task

Outcome

Link schools contact

Timeline

Stage 1

Company formation

 

 

1. Agree company groups

2. Choose product

3. Add biographies to 'About Me' on profile and as first entry to personal blogs.

4. Meet other schools' team members via Skype for Business

5. Email biographies to each other

Company formed
Members agreed
Biographies written
Friends made
Emails sent

Children introduce themselves to each other

 

pdfInformation Sheet 1 (9-11)

pdfInformation Sheet 1 (12-15)

October 31st - November 6th 2016
Stage 2

Logo and slogan design

 

1. Design logo

2. Design slogan

3. Post to Team Sites

Word document with logo and slogan design

Review each other's logos and slogans

 

pdfInformation Sheet 2 (9-11)

pdfInformation Sheet 2 (12-15)

November 7th - 20th 2016

Stage 3

Product research

 

1. Research ideas online

2. Sketch ideas/designs

3. Work out how to build/find recipes

4. Agree materials needed

5. Cost product build

Word document with ideas, designs, materials and costings on company site

Discuss designs

 

pdfInformation Sheet 3 (9-11)

pdfInformation Sheet 3 (12-15)

November 21st to 4th December 2016
Stage 4

Prototype

 

1. Make prototype

Post photos of prototype on company site

View and discuss each other's prototypes

 

pdfInformation Sheet 4 (9-11 and 12-15)

December 5th  - 18th  2016
Stage 5

Market research

 

 

1. Create questionnaire

2. Undertake survey of children in school using questionnaire and prototype

3. Analyse results

Questionnaire designed Results document in Word posted on company site

Decide any changes necessary to produce based on results 

pdfInformation Sheet 5 (9-11)

pdfInformation Sheet 5 (12-15)

December 19th - January 8th 2017
Stage 6 Company report

1. Complete the template using all the information from stage 2-5

Written report in Word posted to company site

Share reports on team sites and discuss each one

docxBusiness Report (9-11)

docxBusiness Report (12-15)

January 9th 2016 to January 15th 2017
Stage 7 Dragons den

1. Prepare presentation

2. Present in order to acquire funds

Group presentation to 'Dragon's Den

Agree main points for presentation 

pdfInformation Sheet 7 (9-11)

pdfInformation Sheet 7 (12-15)

January 16th to January 22nd 2017
Stage 8

Advertising and Ordering

1. Design posters

2. Write letters

3. Create film commercial

4. Create a website

5. Order materials

Advertising stuck up/posted/played/live for potential buyers to view

Comment on each other's advertising outcomes 

pdfInformation Sheet 8 (9-11)

pdfInformation Sheet 8 (12-15)

From January 23rd 2017 - ongoing throughout sales weeks
Stage 9 Production and sales

1. Order materials and manufacture

2. Take photos of progress

3. Post links on where to purchase materials

4. Keep accounts in spreadsheet

Products made
Photos posted on company site
Links on site
Accounts posted on site

Discuss selling techniques

pdfInformation Sheet 9 (9-11 and 12-15)

Sales run from February 6th 2017 through to April 24th 2017
Stage 10 Final Report Submitted

At end of trading:

1. Produce written report individually

2. Prepare presentation

Reports posted in company site
Present to each other

Present to each other via video conference

xlsxCharges and Costs Spreadsheet

April 24th 2017 reports submitted

 

April 2017 shortlisting will take place