Homework

Thursday 26 January 2017

JEP Dragons Den


Hi everyone! Fourth Class had a very exciting day last Friday. As you all are aware, Fourth Class are completing the Junior Entrepreneur programme this year and are really enjoying it.

After Christmas we split into groups and started discussing ideas that we all had for a potential product or service! As you can imagine, the ideas were endless! However, over the last two weeks, the groups had the difficult task of narrowing down their ideas to just one to present to a group of Dragons last Friday. Each group was given time to plan and compile a five minute presentation which had to include: a brief outline of the product, a rough estimate of cost price and profit margin, an outline of how the product would be made and finally any samples or pictures to go along with it. 

The effort some groups put in has to be commended. From hand drawings and sketches of products to actual samples; the children worked so hard. There was a very short time frame for this to be done and the Dragons were more than impressed with the pitches made by each group. The Dragons were asked to judge the five group ideas and to pick one that we can use as a whole class and bring to production over the next few weeks. 

Finally, after much discussion, the Dragons made a decision and all has been revealed ! We would just like to say a big THANK YOU to Orlagh Murphy (Enterprise Board), Paula and Paul who so kindly gave up their time to act as our Dragons. They were so kind and had some very encouraging comments for all of Fourth Class which we really appreciated. When the product is produced they will be the first to sample  it!! ðŸ™‚ Now, the difficult task lies ahead and that is producing the product to be ready to be sold and coming up with our marketing plan. We can’t wait to continue!!













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