Final Report TemplateStage 3

1Final Report Template 2016. ©Teach A Man To Fish

IMPORTANT: HOW TO COMPLETE AND SUBMIT YOUR FINAL REPORT

This template should be completed by students with the support of teachers. Please use the format provided as this is aligned to our marking scheme. There are 3 Parts to the Final Report template.

- Part 1: Final Report Narrative. Please answer ALL questions.- Part 2: Financial Reporting. Please answer ALL questions in Sections A-F. SectionsG-H

are optional. - Part 3: Our Monitoring and Evaluation. Please answer ALL questions in Section 1-4,

question 5 is optional. You may use extra pages. However, please try and keep your submission to 20 pages

maximum. The numbers in brackets e.g. (10) indicates the highest number of points that can be

awarded for that question. The example answers after each question are just a summary of what an answer might be.

You should answer the questions in more detail! Follow our top tips to score high points and increase your chances of winning a prize! You can also earn bonus points by including supporting documents in the Appendix! When you are ready to submit your completed business plan to us, please follow these

instructions (Please note the file size limit: 5MB):-- Log in to your account at: www.schoolenterprisechallenge.org/login- Click on ‘Submit a Document’ on the left hand side. - Click on ‘Add your Stage 3 Submission!’ - Choose your file and upload your completed Final Report Template. Click SUBMIT!

Contact the School Enterprise Challenge team at:-

E-mail: info@schoolenterprisechallenge.orgBlog: http://schoolenterprisechallenge.wordpress.comWebsite: www.schoolenterprisechallenge.org

?Any Questions

***Our Monitoring ***Strongly disagree

Disagree Neither Agree nor disagree

Agree Strongly agree

STUDENTS should answer questions 1-4

1. Participating in the school business made us want to come to school more.

1 2 3 4 5

2. Participating in the school business provided us with relevant life skills.

1 2 3 4 5

3. After participating in the school business we feel confident that we could plan and set up our own business in the future.

1 2 3 4 5

4. After participating in the school business we felt better able to identify problems and come up with alternative solutions.

1 2 3 4 5

Ask your TEACHER to answer questions 5 - 6

5. As a result of participation in the School Enterprise Challenge I have set up my own business

Yes √ No

6. As a result of participation in the School Enterprise Challenge I plan to set up my own business in the future

Yes √ No

Please circle ONE Number in each row. Thinking back over your participation in your school business: Do you strongly agree (5), agree (4), neither agree nor disagree (3), disagree (2) or strongly disagree (1) with each of the statements below. There are no right or wrong answers here. There are no marks for this section but your answers will help us to develop the School Enterprise Challenge for the future.

Your School Detailsa. School Name

Amrita Vidyalayam, Trichyb. Country

Indiac. Business Name Cre’activity’

d. Business Activity Jewellery making and art from waste

e. Main product / service Jewelleries and decors

f. Brief description of your school business We made quilled jewels and silk thread jewels as well as antique jewels. Using recycled materials we made crafts like book marks, photo frames, pen stand etc.

g. Number of students in business team Boys40

Girls60

Total100

h. Number of students in whole school 1590

i. Your school business social media links (Facebook page, Twitter Blogs, etc.)

We have plans to sell items in online shopping sites.(note: We have sold our items earlier)

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Financial SummaryYou will be able to complete this section AFTER you have completed Sections A-F from the Financial Plan

on Page 6. This section is really important as it gives the judges a quick overview of your Finances. Please note this section should be filled in in US Dollars.

Estimated in Business Plan (Stage 2)

Actual

Budget Period of Financial Plan 1 week 1Start-Up Costs(Actual) Insert answer from Section A $225 $225Total Income(Actual)Insert answer from Section B $454 $454Total Direct Costs(Actual) Insert answer from Section C $225 $225Gross Profit(Actual)Insert answer from Section D $225 $229Total Indirect Costs(Actual)Insert answer from Section E nil nilNet Profit(Actual)Insert answer from Section F $229 $229

PART ONE: FINAL REPORT NARRATIVESection A: Main Achievements

1. Please tell us the top five things that your school has achieved in the School Enterprise Challenge programme. There are no marks for this question; however, your answers to this question help us to understand your school business better.

1. We had a very good experience.

2. We did our plans so perfect and executed it so well.

3. This program was a complete guide as we can take it as a template for our future plans.

4. Profit in a productive way.

5. It gave a vision and confidence that we can survive in future

Section B: Business ImplementationTOP TIP!

These questions will give you the chance to show us how you actually implemented your school business. Please refer back to your Business Plan template if you need help to answer these questions.

2. Operational Plan: How did you actually produce your product/service? Please explain clearly your production process. (10)

Initially when the business idea was proposed and students enrolled their names depending upon their interest.

Our Principal explained the School enterprise challenge using Power point presentation for 40 minutes.

We students chose our wing ( For example: Students interested in making jewelleries moved to art and craft club, Students interested in planning and preparing reports moved to English club, Math club members looked after accounts, eco club surveyed ,etc).

Team leaders were elected. Capital cost was collected.

3Final Report Template 2016. ©Teach A Man To Fish

Materials were purchased. For craft from waste Eco club students collected raw materials from school children as well as stationary wastes from office.

Under the guidance of 2 Art and craft teachers , art and craft students made a team work and created miracles.

Weekly meetings were conducted and we worked sincerely for 2 hours with this regard. Our shutterbugs did a photography session which was used for marketing. Logo was created(We entered Logo –mini competition too) A date was marked and we conducted the expo during parents teachers meet. Marketing wing students looked after accounts and were recording the prices. A Budding Entrepreneur was invited for the inauguration ceremony. Expo was conducted in a grandeur manner and we uploaded the photos immediately to

the Whatsapp ID. Net profit and Gross profit were calculated. Final report was prepared.

3. Marketing &Sales: Did you actually sell your product/service to the customers identified on your Market Research? If not, why? Who was your Target Market? (10)

Yes, Of course, We sold our products to our customers whom we mentioned in our market research. We chose the apt time, so we were able to meet our customers without any flaw. Our customers were mostly parents and nearby residents. Thus we stuck a poster to tell them. Parents who came for parents teachers meet were actually invited. They were eagerly looking up the products.

Please tell us about your 4 P’s (Product, Price, Place, Promotion) now that you actually started your school business.

a. P roduct – What was your product? Jewels and craftsb. P rice – What price did you sell it at? Reasonably optimumc. P lace – Where did you sell your product? In Expo conducted in one of the class room as well

as play area.d. P romotion – How did you promote your product?E.g.Did you hold any launch event?

We downloaded the School enterprise challenge poster and we stuck it under our logo. Marketing team spreaded a word. Shutterbugs spoke through their visuals. An Inauguration ceremony was conducted. A young budding Entrepreneur Ms.Indu was invited and she motivated us through her inspiring speech.

4. Evidence: Please include here any evidence that shows you actually implemented your school business;such as examples of records kept, press releases (if any), one-two photos from the launch event (if any), one-two photos of the team running the business. You can get 5 points if you answer to this question.Note: at the end of this Narrative section you will find an Appendix for any other additional information you want to add.

4Final Report Template 2016. ©Teach A Man To Fish

P.S: Kindly check the mail attachment sent to info@schoolenterprisechallenge.org or click the id Belowhttps://drive.google.com/file/d/0B2RtfjfL9eppLUpuTE5rZmlWeUU/view?usp=docslist_api

Section C: Challenges and SolutionsTOP TIP!

Your answers to these questions will test your innovation and creativity in setting up your business. Don’t be afraid of writing about your problems or things that went wrong with your business. Recognising and

addressing problems are key skills for entrepreneurship.

5. What were the biggest challenges you faced when planning, running and/or implementing your business and how did you overcome them? Please give us some evidence of your innovation and creativity when solving these challenges (300 words max).(10)

Since we had a extensive planning session, wheels rolled smooth, but time and exams were running in between.

We worked an hour extra after our exams. That’s how we overcame out barrier.

Section D: Outcomes6. How have the students benefitted from the running of the school business? Please provide

specific examples on each of the following areas.(5)We gained experience, We learnt a methodical way to execute the plan, We learnt the art of team work, We learnt zero wastage, In a nutshell , We learnt life.

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a. Aspirations:Aspirations are defined as a young person’s ambitions and realistic goals of the future for themselves and their family/wider community.To be a smart outstanding entrepreneur

b. Knowledge Skills:Knowledge Skills are defined as the facts, information, and abilities acquired through experience or education.

We obtained knowledge about methodical way of doing a business. We understood students power, Fruit of Team work, Art of recycling, Toil. We learnt how to analyze in a proper way. We discovered our potential; also we learnt how to manage things. We learnt ‘How to fish’.

c. Attitudes: Attitudes are defined as a manner of thinking, feeling or behaving that reflects a state of mind or disposition; the way a person views something or tends to behave towards it.

We had a very positive attitude towards business and motto. We even donated our profit with old age home and orphanage.

7. How has the school benefitted from the running of the business? Please provide specificexamples.(5)

The school got a very good recognition from parents. This idea goes with the school’s mission. Charity fund was shared .

Section E: People, Profit, PlanetTOP TIP!

Remember your business needs to address all 3 People, Profit, Planet criteria to win our Top Global prize. Extra points will be awarded to the most innovative answers in this section.

8. People: How did people benefit from your business?Please ask a teacher, a student, a parent and a customer what they think about your school business and how it has made an impact on their lives. Please include their quotes here (please try to keep them short).(5)

9. Planet: What difference has your business had on the environment? How has your business improved the environment around you? Please be clear and specific and include one or two pictures (if you have any). (5)

We didn’t disturb the environment. We made a favour that we recycled papers and houses hold things. We have a clean and green campus.

6Final Report Template 2016. ©Teach A Man To Fish

Teacher’s quote: Their life is guaranteed-Mrs. Ramya Srinivasan, Kindergarten teacher.

Student’s quote: I learnt how to run a business, My parents are proud of me ,I too can make money –Nandhana- grade-VIII.

Parent’s quote: So proud of my child. Am Less bothered about his career-Mrs.Leela, Home makerCustomer’s quote: Products are so cheap and good. Can’t believe students made it. Wealth out of waste section stole my heart. This is actually a good endeavour. I have even ordered customised jewelleries-Ms.Indu

10. Profit: How did you raise your start-up capital? What approaches did you take to maximize your profits? What would you do with your profits? (5)

We planned to obtain our start up capital as follows: 1/3rd from school fund,1/3rd from teacher’s fund and 1/3rd from student’s fund.

We didn’t compromise the quality. We maximised the variety of product. We will keep 1/3rd for our next year business, 1/3rd for new venture, 1/3rd we donated to

orphanage and old age home.

Section F: Business Development and SustainabilityTOP TIP!

A sustainable business is one that demonstrates the ability to continue for an indefinite period of time.11. Business Development - What are your future plans for your enterprise? Please provide specific

examples (200 words max). As an example, think about what other products you want to develop, etc.(5)We will continue this business. To add more variety, We will add Homemade chocolates, Organic products, vermicompost etc.

12. Operational Planning -How are you planning to run the business next year? Will new students be involved in the programme? Please tell us the steps you will take next year to keep your business running and continue developing it (200 words max). (5)New students will also be involved. With this experience we will try have better plans.For the next academic year,planning session will be conducted in the month of January itself.

Appendix (OPTIONAL Bonus Points)You can use this space to pasteany additional items which support your business implementation, e.g.

examples of how you kept the team motivated, examples of how the business has been incorportated to the curriculum, team rotas, photos (3 photos MAX), etc.

PART TWOFinancial Reporting (20)

7Final Report Template 2016. ©Teach A Man To Fish

Please note that this Financial Report is showing what you actually spent money on and what you actually sold. Your numbers may be different to the original Financial Plan you submitted at Stage 2.

TOP TIPYou may complete your Financial Report using your local currency. Please tell us what this is, E.g. Indian Rupees. In the report we will ask you to convert your TOTALS into US $. You can use this website to do this: http://www.xe.com. Remember to write down the exchange rate you are using in the box below!

Please add any extra rows to the tables where necessary.Local Currency used (E.g. Indian Rupees) Rs.15000

Exchange Rate to US Dollars (E.g. 1 US $ = 63.52 Indian Rupees) $225Period of time budgeted for (E.g. 3 months) 1 month

Please note you may use your own financial plan template however you MUST still complete the financial summary provided at the beginning of this Final Report Template. Section A: Start-Up Costs (Actual) / Business Development Costs (Actual)

TOP TIPYour Start-Up Costs or Business Development Costs are the costs of the Equipment and Supplies that you used

to start your business. If you already had the products that you needed to start up your business please list them here and put 0 as the Unit cost.

1. Please list all your actual Start UpOR Business Development Costs Start UpORBusiness DevelopmentEquipment

Quantity Unit Cost Total Costs of your Equipment (Quantity x Unit Cost)

Quilling needle 10 10 100

Gums 20 10 200

Materials 15 200 3000

Start Up ORBusiness DevelopmentSupplies

Quantity Unit Costs Total Costs of your Supplies/ Expenses (Quantity x Unit Costs)

Raw materials (Threads, quilling paper ,packing materials etc)

50 11700

Total StartUp Costs OR Business Development Costs Local Currency Rs15000

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(Add your Total Costs Together)

In US Dollars $ $225

Section B: Income (Actual)2. Please list all the products or services that your business sold. Please tell us the amount you sold

and the price at which you sold your products/service for.Name of Product or Service

Quantity Sales Price Sales Income (Quantity x Sales Price)

quilled jewelleries 580 nos Rs10 to 300 12500

art from waste 50 50 2500

Total Income (Add all the ‘Sales Income’ together)

Local Currency Rs.15000

In US Dollars $ $225

Section C: Direct Costs (Actual)

TOP TIPDirect Costs refer to materials, labour and expenses related to the production of a specific product or service. Don’t forget that the direct costs from your Start-Up Supplies/Expenses in Section A should be included here

too. Please add extra rows if you need to.3. Please list all of the items you bought in order to make or provide each product or service.

Name of Item Quantity Unit Cost Total Costs (Quantity x Unit Cost)

Product/Service 1 Please tell us what this product or service is here:

jewelleries 580 Rs.10 to 300 12500

Product/Service 2 Please tell us what this product or service is here:

art from waste 50 nos Rs.50 2500

9Final Report Template 2016. ©Teach A Man To Fish

Product / Service 3 Please tell us what this product or service is here:

Total Direct Costs (Add up all the Total Costs)

Local Currency Rs.15000

In US Dollars $ $225

Section D: Gross Profit (Actual)4. Please calculate your Gross Profit in your Local Currency and then convert it to US Dollars $.

Calculation Local Currency US Dollars $

Total Sales Income Rs.30,330 $454

Total Direct Costs Rs 15,000 $225

Gross Profit (Total Sales Income – Total Direct Costs)

Rs.15330 $229

Section E: Indirect Costs (Actual)

TOP TIPIndirect costs are items that you need to spend money on to run your business. However, they are not related

to the making of your product or service. E.g. Marketing or transportation costs involved in getting your product to market.

5. Please list all of your Indirect Costs.Name of item Quantity Unit Cost Total Costs (Quantity x Unit

Cost)nil

Total Indirect Costs(Add up all the Total Costs)

Local Currency nil

In US Dollars $ nil

Section F: Net Profit (Actual)6. Please calculate your Net Profit in your local currency and convert this to US Dollars.

Calculation Local Currency US Dollars $

10Final Report Template 2016. ©Teach A Man To Fish

Gross profit Rs.15330 $229

Total Indirect Costs nil nil

Net Profit (Gross Profit – Total Indirect Costs) Rs.15330 $229

Questions 7,8 and 9 are optional!

Section G: Return on Investment (OPTIONAL)Please answer 7a. If you are on the NEW BUSINESS TRACK and setting up a business for the first

timeOR

Please answer7b. If you are on the BUSINESS GROWTH TRACK and have an existing business.7. a.Please calculate your Return on Investment (Optional) - If you are on the NEW BUSINESS TRACK

Net Profit$229

Total Start Up Budget $225

Net Profit / Start Up Budget x 100 = Return on Investment (%)

102%

OR7b. Please calculate your Return on Investment (Optional) - If you are on the BUSINESS GROWTH TRACKTotal investment before 2016

Total Business Development Budget 2016

Net Profit 2016 / (Total Investment before 2016 + Total Business Development Budget ) = Return on Investment

%

Section H: Product and Profitability (OPTIONAL)8. Please use the following Product Profitability Worksheet for each Product or Service you are selling.

We have provided you with one worksheet, however please add additional sheets if necessary. For this section ‘Product’ refers to the Product or Service that you are selling. Working out your product profitability is important as it can give you an idea of how you can increase the profitability of your business.

Product / Service 1Name of product

Sales price of product

Amount of Units Sold

Total Sales Income of product (Sales Price x Amount)

Direct Costs Quantity Unit Cost Total Cost

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Total Direct Costs for Product 1

ProfitabilityDirect Cost per Product item (Total Direct Cost for Product ÷ Amount produced of Product)Gross Profit of Product item(Total Sales Income for Product – Total Direct Costs for Product)Percentage Profitability (Gross Profit of Product itemx 100 ÷ Sales Price)

9. How will you use the information from the product profitability to develop your business in the future?

Additional Comments: If you have any additional comments about your Financial Report please put them in here:

PART THREE Our Monitoring and Evaluation

Your feedback is essential to help us to improve and develop The School Enterprise Challenge in 2016. Please answer honestly, your answers to this section will not impact your score and will be separated from your Final Report for marking purposes. This section is really important to us and should only take you about 5 minutes.

1. Business Summary a. Did you receive support (printed resources,

financial support, advice) from a NGO or an organisation to plan and run your business?

Yes No

b. If you answered yes to question 1a, please provide the organisation’s name and contact details.

NGO/Organisation name:

Contact details (if available): c. What type of school is your school? Mixed

√School

Boys School Girls School

d. What is the average age of students involved in the Business?

11 to 14

e. What is the average number of hours per week a student participated in the business?

6 to 7 hours per week

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f. How was time allocated to plan and run the business?

It was run as an after school club-yes It was run at lunchtimes - yesIt was run in free periods- yes It was integrated into our existing lessons/curriculum-yes Other Please specify:

g. How many external people were employed by your business?

nil

h. Please tell us how you spent or plan to spend your profits? Please tick as many as apply.

School running costs Tuition fees for students Local community projects Trips and activities for students Reinvested back into the business √Started a new business Others Please specify:1/2 will be donated for charity

i. Did you work with another school to run your school business and/or donate any of your profits to another school?

Yes No √

j. If you answered yes to question 1k, please provide the school’s name and the email address of your contact there (if possible).

School name:

Contact details (if available): 2. Parental and Community Involvement a. Did you talk to parents explaining the

importance of the school business? For example you could have held an information evening, or visited parents at home.

Yes √ No

b. If you answered yes to question 2a, how many parents did you talk to?

1-50 parents 51-100 parents 101-150 parents 151-200 parents More 200 parents √

c. Did you hold any events? For example a launch event, sales events, an event for Global Entrepreneurship Week?

Yes √ No

d. If you answered yes to questions 2c, how many people attended this/these events?

1-50 people 51-100 people 101-150 people 151-200 people 200-500 people √ 500-1000 people More than 1000 people

3. Training and Educational Resources a. How many teachers and school staff were

involved in the School Enterprise Challenge? 4 teachers

b. Which of the following educational resources did you use? (Please tick as many as apply)

School Enterprise Challenge Weekly Guides√ Additional Resources (e.g. Social Media Guide, Community Engagement Pack) Primary Enterprise Curriculum Secondary Enterprise Curriculum

c. Were there any areas of business planning/implementation that you would have liked more support on? If yes, please specify.

no

4. Communicationsa. How did you access information about the

School Enterprise Challenge? Our Weekly Emails Our Website √ Our Facebook page Our Twitter page Our Blog SMS

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Printed Paper Resources 5. Feedback (OPTIONAL)Your feedback is really important, we want to know what you thought about the School Enterprise

Challenge so that we can continue to grow and develop the programme next year.a. How can we improve the School Enterprise Challenge for you next year? Please provide specific

examples.

b. What did you most enjoy about being involved in the School Enterprise Challenge? Please provide specific examples.Team work

CONGRATULATIONS on writing your Final Report!You have completed Stage 3 and the School Enterprise Challenge programme 2016! Submit NOW!

14Final Report Template 2016. ©Teach A Man To Fish