How the Tenner Challenge works
Over four weeks students use £10 pledges to get their student business ideas off the ground and make as much profit as they can. Here’s how…
Four Week Programme Plan
1 - here's a tenner!
Students research and decide on a product or service to invest their tenners in
2 - getting started
Teams need to source materials or products, prepare sales pitches, and plan selling events
3 - keep it going
Students get their product or service ready and promote their selling events
4 - payback and keep the profits
At end of the Challenge students calculate their profit and repaying £10 pledge plus £1 legacy contribution
Tenner Weekly Competitions
At the end of week 1 and week 2 students have the opportunity to enter a weekly Challenge competition:
1 - Logo Design
We look for logos which create impact and can communicate to customers what the product or service is
2 - Sales Pitch
Imagine that you only had 60 seconds to sell your product or service, what would you say?
Entering a Competition
When the Challenge begins all Tenner competitions will be open for submissions, entries can be uploaded whenever they are ready.
Full details of file formats, upload instructions and judging criteria will be available online in resources for the Challenge.
National Tenner Competition
The National Tenner Challenge Competition runs at the end of the four week programme and is divided in to two different age groups: 11 - 14 year olds and 15 - 19 year olds.
There are five different awards:
- Most Profitable Business Idea
- Best Team
- Most Inspiring Person, within a team or individual budding entrepreneur
- Best Community Impact
- Best in Sustainability
The Judges look for evidence of innovation, creativity and problem solving within all the awards along with stories of teamwork and personal development.
Full details are available online in resources for the Challenge.