Make your mark with a tenner

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Highly successful enterprise approach for schools run as an annual competition.

School children apply to receive one ten pound note (worth about €14 ) they have one month to make the most money. A significant proportion run social businesses where the proceeds are donate to charity.

Make Your Mark with a Tenner is the groundbreaking challenge for 10,000 students to make an impact with just £10 in one month.

This article was based on the Make your Mark website

Concept

Ten Pounds, One Month, One Challenge

The thousands of young people who took part in Make Your Mark with a Tenner have justifed the belief shown in them by competition founder Oli Barrett and sponsor The Entrepreneur Channel. Participating students were given £10 and a month to generate as much profit and social impact as they could.

Proving that they can be trusted – and contrary to reports of UK kids being the worst in Europe – over £75,000 of the original £100,000 loan fund has already been returned. Profits have either been kept by the participants, donated to good causes or re-invested to continue with their idea.


The 2007 winners

First place was awarded to Fazila Dadabhoy of Walthamstow School for Girls, London, for her doughnut-making scheme.

Second place went to Richard Robson Sherfield School, Hook, Hampshire, who challenged others in his class to think of ways to raise as much money as they could for his chosen charity.

Third place was taken by Victoria Curl of Roundwood Park School, Harpenden, Hertfordshire, who sold cakes, snacks and stationery to pupils at her school.

First place Walthamstow School for Girls, London Fazila Dadabhoy made and sold doughnuts, and made a profit of £410. She donated the profits to Macmillan Cancer Research, Islamic Aid and Oxfam.

Prize: £1,000

Second place Sherfield School, Hook, Hampshire Richard Robson challenged others in his class to think of ways to raise as much money as they could for chosen charity of HCPT, and made a profit of £370. The profits were used to sponsor a special-needs child to go on a holiday to Lourdes in France.

Prize: £500

Third place Roundwood Park School, Harpenden, Hertfordshire Victoria Curl sold cakes, snacks and stationery to pupils at her school, and made a profit of £239.20. She donated money to Save the Children


Prize: £250



Key people at make your mark with a tenner

Founder Oli Barrett


Andrew Reynolds, who is donating the money for Make Your Mark with a Tenner, said: “We need to stop being afraid of our young and stop putting them down all the time. I want to prove that they're far from being the worst in Europe, with the right encouragement they have the potential to be the best.

"That’s why I thought it was time an entrepreneur like me put their money where their mouth is, to allow young people to prove that they’re not all a bunch of violent hoodies, but dynamic and enterprising young people when given the chance who just happen to be young. And this is just the beginning - I’d like to see other entrepreneurs do the same. With £100,000 this year, why not a million next time!”