Last week at school we did our Enterprise project. Everyone was really excited to be able to work in groups on the project and I was with my best mates Morgan, Henry and James. We all got £3 from school to start a business.
We set up a small business called CandyTrix and we were going to sell sweets. My mum helped me with really complicated spreadsheets to work out the cost of the sweets and the profit that we could make. It involved lots of weighing and eating sweets We planned to make 300 bags of sweets as we reckoned that if everyone in the school bought one at least we would have enough bags, so we needed a lot of sweets. In fact we needed 24 kgs of sweets and that’s loads.
I got 2 sponsors for the business, the first being Click n Mix which is run by my Mum and Dad’s friends Dom, so a big thank you to them for sponsoring some of the sweets, and then I managed to convince my Mum that Bronco should sponsor the rest. What better than free stock to start with. We designed posters, labels and badges all with our logo on and the sponsors names and got the posters all around school. Before the Enterprise week started people already knew who CandyTrix was!
It was great fun packing all the sweets and the whole house smelt of sweets that day. We got 300 bags made up and the week began. We sold about 50 bags on the first day, 80 on the second day and about 150 on Wednesday and totally sold out. My brother Miles also had a few bags to sell at his school too. When we had sold out on Wednesday we had a great idea and went and got some biscuits and on Thursday and Friday sold about 90 bags of biscuits too. I think we got nearly £200 in total but we are waiting for the teachers to tell us the final amount.
It was really great doing Enterprise week and it’s really helped me understand lots about business and when I grow up I want to run my own business and make lots of money