Enterprise Education

Key staff

Mrs E Foster – Teacher of Business, Economics & Enterprise Coordinator – foster.e@myton.co.uk

What is Enterprise Education?

Enterprise education encourages students’ sense of innovation, creativity, risk management and risk taking, a can-do attitude and the drive to make ideas happen. It aims to develop future employees, as well as future entrepreneurs.

Here’s what you can expect from our Enterprise Education programme year by year:

Year 7

Young Enterprise 10 X Challenge – during the spring term

Supporting young people to develop an enterprising mindset and prepare for the world of work as they see what business they can create with just £10 and 4 weeks.

Year 8

Lesson: Value of Money – autumn term

The purpose of the lesson is to help students to:

  • understand that there are different factors to consider when assessing value for money
  • appreciate that the concept of value for money is influenced by personal preferences and attitudes towards money

Lesson: Holiday Fun at Home – autumn term

The purpose of the lesson is to help students to:

  • know that there are different ways to calculate value for money and that price is only one factor
  • know how to use financial information to plan, manage and adjust personal budgets

Lesson: Fraud & Scams – autumn term

The purpose of the lesson is to help students to:

  • know how to manage risk and emotions associated with money
  • understand the emotional and financial impact that being a victim of fraud can have
  • know how to recognise and avoid fraudulent offers and scams in a variety of situations when buying things

Lesson: The real cost of anti-social behaviour – autumn term

The purpose of the lesson is to help students to:

  • understand that we all have a social responsibility to behave appropriately
  • appreciate that the costs of dealing with litter, graffiti and vandalism affect us all
  • consider some of the costs of providing facilities for young people

Morrison’s: Cupcake Challenge – autumn term

Working in teams, students will create their own business plan and product to meet a brief and market conditions.  They will consider how it would operate; market and promote their products and services to their target audience; then pitch their business proposal to the judging panel.

Year 9

Lesson: Budgeting Challenge – summer term

The purpose of the lesson is to help students to:

  • understand the budgeting process
  • appreciate that budgeting may involve having to make choices within financial limits

Lesson: Saving & Borrowing – summer term

The purpose of the lesson is to help students to:

  • understand how and why saving and borrowing can help us to manage our finances
  • appreciate that interest payments play an important part in our personal finances

Lesson: Debt – summer term

The purpose of the lesson is to help students to:

  • understand what debt is and how it can be a problem
  • appreciate the possible consequences of not managing debt responsibly

Lesson: Cost of Borrowing – summer term

The purpose of the lesson is to help students to:

  • understand how to plan and keep track of their money
  • appreciate that they may have to evaluate and prioritise spending

Year 10

Enterprise Challenge: Build a Business in a Day – summer term

Working in teams, students will create their own business plan and product to meet a brief and market conditions. They will consider how it would operate; market and promote their products and services to their target audience; then pitch their business proposal to the judging panel.

Lesson: What do banks do? – summer term

The purpose of the lesson is to help students to:

  • recognise that banks can provide a range of financial services and products
  • appreciate that, while banks help us manage our money, they are also businesses
  • know that they might have to make choices about financial products and services in the future

Lesson: The Money Flow – summer term

The purpose of the lesson is to help students to:

  • recognise the important role money plays in our economic wellbeing
  • appreciate that prices change over time and because of circumstances
  • have an understanding of the processes of supply and demand

Lesson: Expectations vs Reality – summer term

The purpose of the lesson is to help students to:

  • recognise that the expectations of Higher Education may not match the reality
  • identify the career, personal and financial benefits of Higher Education and potential drawbacks
  • recognise the potential rewards versus the costs of Higher Education

Lesson: Never again – How to avoid Holiday Horrors – summer term

The purpose of the lesson is to help students to:

  • know that certain types of insurance are a legal requirement and that others are voluntary
  • know what steps to take should they fall victim to financial fraud, theft or damage to property

Year 11

Optional after-school session: Econ Me – Bank of England – autumn term

Designed to help young people understand the economy better and provide them with the analytical skills to make informed decisions.

Lesson: Financial services for young people – autumn term

The purpose of the lesson is to help students to:

  • understand that there are financial products/services available for young people and how they can be accessed
  • appreciate that they need to make informed choices about financial products and may need to seek help and advice

Lesson: Learning to Drive – autumn term

The purpose of the lesson is to help students to:

  • appreciate the likely costs of learning to drive
  • understand that learning to drive will require financial planning

Lesson: Living Independently – autumn term

The purpose of the lesson is to help students to:

  • understand some of the costs of independent living
  • consider some of the difficulties that might arise when living independently and sharing accommodation
  • appreciate that individual circumstances might affect personal finances when living independently

Lesson: The New Job – Payslips – autumn term

The purpose of the lesson is to help students to:

  • know about work and income and how work choices may impact on our financial situation

Year 12

Myton Hospice: Social Enterprise Grow 100 Challenge – spring term

To support young people to develop an enterprising mind-set and make decisions in teams in order to grow £100 and 4 weeks to raise funds for Myton Hospice.

Year 13

Lesson: Financial Planning & Budgeting

Lesson: Higher Education Pathways – making informed decisions

Lesson: Getting to grips with Higher Education finances

Lesson: An Introducing to Borrowing

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