Students learn how to start up and run a business with just £10
Enterprising students put their commercial skills to the test when they took part in a £10 business challenge.
Five teams from The College of Haringey, Enfield and North East London (CONEL) participated in the activity this month.
Each student in the different teams was given £10 and the teams were asked to create businesses with the one making the most profit being named the winner.
Most of the businesses were food orientated with chicken and rice, pizzas, cakes and doughnuts among the items on sale, while another business charged their peers to play a football computer game.
Student Emmanuela Mensah, 18, said: “It’s been fun and educational. We used the money to buy in the food and create posters to put around the College to advertise the stall.
“it’s taught me that in business you have to be very organised and how to communicate with different people, and we’ve managed to make over £70.”
Another student, Juan Navarro, 19, said: “It was quite difficult only having £10 each to buy something to make a profit, but it has shown what you can achieve on a small budget.”
The event was one of a number of enrichment activities run by the College each year, which also includes a Fundraising and Volunteering Week, Green Week, English Literature week, Maths Week and Health and Wellbeing Week.
Obi Onyido, Learner Engagement Worker, said: “The students took on the challenge with huge enthusiasm and made significant effort in preparing for the challenge, which also helped them to develop some entrepreneurial skills that will help them in later in life.”
- Last Updated: 22 March 2017