Format
2 x 100 minute sessions 1 week apart
Target Group
11-25 year olds
Group Size
12-30 young people
Content
Our experts give young people the practical experience of running their own social enterprise by teaching them how to sell exclusive ethical products in their community. They work as a team, gain presentation, customer service and communication skills and learn how to identify their target audience, advertise, price, monitor cash flow and plan ahead.
The programme is split into two phases:
- Session 1: We introduce the concept of social enterprise and get participants to practice pitching and selling. In teams, they identify a target audience, form a business plan, set prices, analyse risk and rewards using SWOT analysis. There is a focus on teamwork and identifying different roles and responsibilities involved in planning and executing their project over the next week.
- Session 2: Participants present the results of their project and share experiences and what they have learned over the week. They are encouraged to reflect and identify the skills they have used. With 14+/KS4 we explore employability and consider how the skills they have gained can be used in various work based environments.
This enterprise education challenge is suited to a range of young people. Age and knowledge base will determine the depth of detail we go in to. The programme links to various Enterprise modules in the Business Studies curriculum at GCSE level.
MyBnk Cancellation Policy: Cancellations and changes made to scheduled deliveries incur costs to MyBnk. Any changes made less than two weeks in advance will result in a £100 or, if less than three working days, £250 charge per MyBnk trainer. Full Terms & Conditions here.
Case Studies
From opening a first bank account and trading in real markets, to moving out of care and into independent living, MyBnk’s financial education workshops and enterprise experiences pack a BIG punch!
"It makes maths real!" Improving teens numeracy skills by understanding investment
"I'm getting them on this course!" Single mother Chantel, 19, takes control of her finances, and her future
"Learning to live independently taught me I had worth" Leaving care and dodging bankruptcy
Impact After Our Programmes
31
increase in those being able to create a profit forecast
39
profits made from average £19 MyBnk enterprise loan
39
increase in those understanding what social enterprise is
"When young people understand the world around them, anything is possible. MyBnk helps them to understand their relationship with money and how to make good financial decisions".
"MyBnk is a creative and exciting organisation that targets the increasing need for relevant and engaging financial education for young people. We can and will put young people first!"
"I just want to help young people have the knowledge I never had. I want them to understand things like APR as much as they understand LOL".
"Taking the dull elements of finance, adding some real life and making them actually alright, if not kind of enjoyable!"
"Financial education? Love it!"
-
"MyBnk is inspired by input and ideas from young people, which makes it an exciting and fun place to work!"
"Money really does ‘talk’ and it’s important for young people to learn and speak the language of the financial world they will be entering one day".
