[PHOTOS] Starting a business, one rand at a time

For R30 you could get a full-house car wash and for R1 you got to play wire-loop at Maloney’s Eye Farm School’s annual entrepreneurs day.

Together with Nedbank’s 4me Entrepreneur’s Day initiative, this farm school gave their pupils an opportunity to think creatively and devise a business plan with the goal of making a profit.

“Nedbank taught the children about money management during their Economic and Management Sciences (EMS) classes and prepared them for the upcoming entrepreneurs day,” Jessica Senwana, the Grade 7 EMS teacher told the News. She walked among the stalls and graded the pupils on their business initiative.

About an hour after the stalls had opened for business, most of their goods were sold out. The rest of the school showed their support by buying as much candy and apples they could afford.

Each school will receive a kit with implements to help teach pupils how to start their own business and manage their own money in a fun and exciting way.

The school also received a kit from Nedbank that included guidebooks for teachers with guidelines and implementation tips for use during classes, workbooks for pupils designed to teach them how to start and run their own business and manage their money, money maps aimed at helping pupils to plan and track their money and certificates for pupils on successful completion of the programme.

The criteria for awarding the certificates were evaluated based on how much they spent, the amount they saved, their contribution towards a good cause and plans for potentially growing their business.

Jessica added she was impressed indeed by her pupils and that each one deserved a certificate.

“Most of them cannot afford to sell big things, so they used their initiative and came up with amazing ideas to generate money and build a business,” she said.

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