The College's Year 9 Business students teamed up with Teignbridge District Council and Newton Abbot’s market area, selling their business ideas and products for ‘The Tenner Challenge’.
The challenge, organised through Young Enterprise and supported through College curriculum time, sees students loaned £10 per business to start up a fledgling company, selling products or services to the general public. Having worked on their business ideas and organised their products, students headed to Newton Abbot’s market area to set up a stall with the help of Teignbridge’s Markets Manager, Mike Walsh. The stall offered a myriad products, including cakes, wooden coasters, sweet cones, picture frames and bookmarks. The challenge, running for four weeks during March, saw students raise in excess of £500 for their various businesses. Students are required to re-pay the loan but are able to keep the profits they make, minus a 10% contribution to the College’s chosen charity for the year, Torbay Special Care Baby Unit.
Team Leader of Business Studies, Jon Leet, was impressed with the students’ endeavours: “The Tenner Challenge has been extremely successful this year, with students being really fired up with genuine entrepreneurial spirit. The stall was kindly provided by Teignbridge as part of their drive to promote the use of the local markets and gave the students a great selling opportunity on a busy Saturday morning in the town. We are extremely grateful to have had this opportunity to bring a sense of real business both inside and out of the classroom environment.”
Teignbridge’s Markets Manager, Mike Walsh, was equally enthused: “'It was delightful to welcome students from Newton Abbot College to the Markets on Saturday for this year’s “Tenner Challenge”, it was a great opportunity to link the Markets and young future entrepreneurs. We were very impressed with their stall presentation and their ability to turn a sale, also their professionalism on the day with ourselves and their customers. We are always pleased to help with such projects and look forward to welcoming Newton Abbot College to the Markets again in the future.”
We are extremely grateful to have had this opportunity to bring a sense of real business both inside and out of the classroom environment.Team Leader of Business, Jon Leet