School enterprise Challenge Business Idea Template · Web viewHLANGANANI PRIMARY SCHOOL SCHOOL...
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HLANGANANI PRIMARY SCHOOL SCHOOL NAME SWAZILAND COUNTRY ANNUAL REPORT An update on our business this year Written by: Nkosi Langelihle, Tiphelele Dlamini, Minenhle Dlamini, Fourie Lance, Thubelihle Dlamini, Nokwethu Tfwala, Unathi Stewart Mrs. BERN FOURIE/ Mrs. SANDRA KUDAKWASHE LEAD TEACHER CREATED AS PART OF THE SCHOOL ENTERPRISE CHALLENGE AWARDS PROGRAMME – BRONZE LEVEL Section A: Executive Summary Business Name GO GLASS Business Activity Bottling using up-cycled glass Main product / service Bottling jam & chilli sauce Our school business social media (Facebook page, blog, Twitter account etc.) We use our schools Facebook page Number of students involved in business implementation activities (including writing this Annual Report) Boys: 10 Girls: 10 Total: 20 Number of students in whole school Boys: 50 Girls: 60 Total: 10 Number of parents involved in 1 BRONZE Annual Report Template 2017. ©Teach A Man To Fish [email protected]
Transcript of School enterprise Challenge Business Idea Template · Web viewHLANGANANI PRIMARY SCHOOL SCHOOL...
HLANGANANI PRIMARY SCHOOLSCHOOLNAME
SWAZILANDCOUNTRY
ANNUAL REPORTAn update on our business this year
Written by: Nkosi Langelihle, Tiphelele Dlamini, Minenhle Dlamini, Fourie Lance, Thubelihle Dlamini, Nokwethu Tfwala, Unathi Stewart
Mrs. BERN FOURIE/ Mrs. SANDRA KUDAKWASHELEADTEACHER
CREATED AS PART OF THE SCHOOL ENTERPRISE CHALLENGE AWARDS PROGRAMME – BRONZE LEVEL
Section A: Executive Summary
Business NameGO GLASS
Business ActivityBottling using up-cycled glass
Main product / serviceBottling jam & chilli sauce
Our school business social media (Facebook page, blog, Twitter account etc.)
We use our schools Facebook page
Number of students involved in business implementation activities (including writing this Annual Report)
Boys: 10 Girls: 10 Total: 20
Number of students in whole school Boys: 50 Girls: 60 Total: 10
Number of parents involved in our school business 4
Financial SummaryPeriod of time covered in this report: _7_ months (due to school holidays)
Our local currency (Emalangeni)
US Dollars $
Total Income (Actual) E1335,88 $97,45
Total Costs (Actual) E794,20 $57,89
Profit (Actual) E541,68 $39,56
1 BRONZE Annual Report Template 2017. ©Teach A Man To Fish
Section B: Running Our Business
1. Here is a summary of what we did to set up and run our business.We used our market research todetermine our business model. it consisted of a 15 question survey. We had the survey completed by 30 people. This group of participants was made up of teachers, individual people, businesses, local and international. Due to the fact that our school is close to a border, we are able to transport goods across the border if necessary, however, most of the surveys were conducted within the immediate school vicinity. We used a questionnaire as it is more practical than an interview. Adults and business owners are not always comfortable talking to children or do not always have the time to help with school projects. A few times, we had to explain what our purpose was and then leave the questionnaires to be completed and collected later. The questionnaires allowed us to remain focused on the most important questions and to help us remember what we had to ask. All business club participants took forms home and we asked different kinds of people to answer our questionnaire. This helped us decide what products would sell better than others and it also helped us in deciding who our target market would be.
The survey also gave us the opportunity to market our new business in a word-of-mouth manner and make the community aware of what we are trying to do. At the end of the survey, we asked our customers for any suggestions and we got some really valuable input.
Due to the levels of poverty and poor economy in Swaziland, the majority of respondents indicated that they did not buy Spa/bath products as gifts for other people. Our initial idea was to make gift packages containing Spa/bath products. Through our market research, we have altered our plan and will fill our glass bottles with affordable products to enable the average household to purchase them on a Each group’s duties are as follows:
1. Marketing team: Handing out of flyers, putting posters up, Implementing & updating Facebook page, sales and delivery. Assisting with obtaining start up capital.
2. Design team: Designing and printing of posters & labels, decorating and finishing off filled bottles/jars.
3. Production team 1: Are responsible for making natural spa treatments & filling the glass bottles/jars
4. Production team 2: Are responsible for making sauces, food condiments & pickles and filling the glass bottles/jars
5. Financial & procurement team: Obtaining start-up capital and managing the accounting system. Issue financial statement for the business.
Management team: Leaders to oversee their team and offer assistance and motivate their teamEach team member was responsible to sell products and this helped in minimising advertising costs and time. However, it did restrict our sales as students have limited resources and some worked harder than others.
monthly basis. According to out survey 1/3 of the respondents said that they do not purchase pickled
vegetables very often however all respondents indicated that they purchased sauces to add to their food – especially tomato sauce and chilli sauce.
2/3 of respondents said that they would be interested in purchasing naturally made products. We used Whatsapp & flyers to advertise our products.
The following steps were followed to get started:Step 1: Market research to help decide on which will be our productsStep 2: Organised donationsStep 3: Collect bottles & design initial productsStep 4: Identified customers
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Step 5: Design the company logo and postersStep 6: Contact parents, teachers and students to buy our sauces/condiments
All business club members collected daily or weeklyProduction teams soaked and sterilise glass bottlesDesigned posters, logo and labelsMarketing team – advertised and sold products
2. Our business team structure – Here are the names and positions of the business team members with a reference if they are teachers/students and a diagram of our business team structure (when possible).
Our business has 20 members whom have been divided into six teams. However, apart from each teams specified duties, members may support each other and assist whenever assistance may be necessary. Our group is divided into the following teams: Marketing team, design team, two production teams with 2 production leaders, financial and procurement team & a management team which is made up of one member from each group.
Section C: Use of Profits
3. Here is an explanation of how we decided what we plan to spend our profits on:
Due to our profits being very low this year, we will carry the amount over to use as start up capital for next years business
Section D: Our Achievements, Challenges and Solutions
4. These were the 3 biggest challenges we faced when planning/setting up/running our business and the solutions we came up with to overcome them:
a. Challenge #1:Products getting stale and lacking preservative strategies.Solution: a) Used the school refrigerator to store our products and adding preservatives which lengthened the product shelf life.
a. Challenge #2: Convincing people to purchase our products.Solution: Advertising and educating people about the health benefits of our products. Giving discounts to customers who purchase in large quantities.
a. Challenge #3: Transportation of products and materials.Solution: Our school manager offered us free transport.
3. These are the 3 most important things we learned:
Bookkeeping and Advertising. Compiling financial books and balancing them. Overcoming challenges we faced in bringing our products to people.
Making Products and Bottling them. Coming up with various recipes and knowing the importance of following instructions to make our
products.
3 BRONZE Annual Report Template 2017. ©Teach A Man To Fish
b. Preserving our products.1. Identifying the need to preserve our products for them to stay long before getting stale.
Section E: Sustainability & Business Development
4. Our business has a positive impact on the environment and our community because:a) Reusing bottles reduces the materials that are send to the landfills thus reducing land pollution.b) Reusing bottles helps in the reduction in pollution when making new bottles. This reduces
greenhouse gases that are emitted into the atmosphere.c) It encourages people to start their own product making businesses.d) Encourages people to become entrepreneurs.
5. Our school business has the potential to carry on running sustainably next year and have a positive impact on the local environment and our community. This is our three point action plan of how we will keep it running:
Expanding the business i.e making other products which we did not make this year. Identifying what our customers need and try to satisfy them. Search for markets which are out of our coverage area and getting orders from supermarkets
and restaurants.
Appendix Section: Students in ActionPlease find in this space some evidence that clearly shows our involvement as students in the setting up of our business. You will find 3-5 photos (or if that’s not possible, we will share quotes from participating students).
A photo of our launch event:
We do not have any photos unfortunately as our launch event was held in conjunction with our speech and prize ceremony and photos were not permitted.
A photo of us running our business:Please see below.
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A photo of our financial record keeping:Please see below.
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FINANCIAL REPORTING
1. Income (actual)
NAME OF PRODUCT OR SERVICE
QUANTITY SALES PRICE SALES INCOME (Quantity x Sales Price)
Chili sauce 200ml 22 E30,00 E660,00
Marmalade Jam 250g 12 E12,99 E155,88
Marmalade Jam 500g 26 E20,00 E480,00
TOTAL SALES INCOME 1335,88
2. Costs (actual)
NAME OF ITEM QUANTITY COST PER ITEM TOTAL COSTS (Quantity x Cost per Item)
Sugar 12 E8,99 E119,80
Tomato sauce 5 E21,80 109,00
Cork sauce 22 8,90 195,80
Money basket 1 89,40 89,40
Chiili packs 3 E16,90 50,70
Vinegar 1 E30,50 30,50
Spices 1 99,00 99,00
Oranges 3 30,00 90,00
TOTAL COSTS 794,20
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3. Profit (actual)
Our Local Currency
TOTAL SALES INCOME 1335,88
TOTAL COSTS 794,20
PROFIT(Total Sales Income – Total Costs)
541,68
This is how we raised the money needed to start our business:We did not have to raise any money as our first batch of our product ingredients were donated by parents and the school and the bottles we used were collected as part of our recycling project. The profits that we received from our first sales were used to buy more ingredients. Had we had more time, we would have gradually been able to by larger quantities of ingredients and make more profit.
Additional comments about our finances:Due to our term dates, holidays and year end exams, we only had 3 weeks for sales. We hope to improve this next year as we are now more aware of what is required and can plan better in 2018.
Our Local Currency used : Emalangeni
Exchange rate to US Dollars: E1,00 = $13,72
STUDENTS’ IMPROVEMENT ON SKILLS
It is important for you, your teacher and for us to reflect on how the Awards Programme has helped you develop your skills. Please ask your teacher to fill in the following sections. ONLY SCHOOLS THAT COMPLETE THIS SECTION WILL BE ELIGIBLE FOR AN AWARD.
1. After going through the activities to implement your school business do you feel your students...
Please choose ONE option (‘Improved’, ‘Stayed the same’ or ‘Did not improve’) for each row below….
Did not improve
Stayed the
same
Improved
a. Are more confident speaking in front of other people (e.g. during market research) ✔
b. Work better with people with different opinions to theirs ✔8
BRONZE Annual Report Template 2017. ©Teach A Man To [email protected]
c. Have improved their team working ability, e.g. if other team members were struggling they offered support to them
✔
d. Are more confident analysing information ✔e. Are more able to use their ideas to organise and plan work in order to reach their goals ✔f. Are more able to look at different ways to solve a problem and are more confident in
selecting a solution✔
g. Do you feel your students have gained the skills and knowledge to start and run a successful business independently?
✔
2. Can you tell us the biggest impact the program has had on a specific student, their family or even yourself?
3. Through the school business implementation process, which skills do you think students improved/gained the most (max 3):✔ Leadership ✔ Communication ✔ Aspiration✔ Confidence ✔ Decision making Other – Please specify:✔ Problem solving ✔ Team work
4. Do you feel the activities helped students improve their performance in other subjects at school? You can choose more than one option.
No Yes, in Science✔ Yes, in Maths Yes, in Business Studies✔ Yes, in Writing & Reading Yes, Other – Please specify:
5. Have the students used the skills learned through the school business implementation outside school?
Yes If you answer ‘Yes’, please specify (if possible):HOW – For example, Have they carried out any business activities?:
With WHOM – For example, with their family, other students, etc.:
✔ No - UNSURE
CONGRATULATIONS on writing your Annual Report! You have completed Step 3 and the School Enterprise Challenge programme! Submit NOW!
Remember to submit your Annual Report to the School Enterprise Challenge Awards Programme by logging in to your account at: www.schoolenterprisechallenge.org/login
in order to be eligible to receive your Bronze Award.
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