Budding entrepreneurs at work

Wesley’s budding entrepreneurs: Samantha Nguyen, Maxi Cadden, Abby Szprinc, Luella Nass, Zeek Saville and Rupert Ockleshaw

Introducing the concept of entrepreneurship and teaching students how to think entrepreneurially has many benefits, from creative thinking to problem-solving as well as honing planning, numeracy and communication skills.

Year 5 and 6 students undertaking the International Baccalaureate (IB) Unit of Inquiry, ‘How We Organise Ourselves,’ at Wesley’s Elsternwick campus recently learnt about consumer needs and what it takes to make a business succeed by participating in the first ever Wesley College Market Day.

Working in multi-aged teams with a budget of just $50, they brainstormed ideas for products and services that would appeal to ‘customers’ within the school community.

“There was a lot to think about before we got started, like who we were targeting as customers,” said Year 6 student, Summer.

“It was hard for everyone to agree, so we had to learn to collaborate.”

Students brought their product ideas to life by developing unique store names, logos and marketing strategies to attract the attention of customers.

The result was a wide range of crafty creations and delicious treats, from stress balls, fridge magnets and pet rocks to cupcakes, homemade lemonade, hot chocolate, and the over-whelming winner on the day – despite the wintery weather – ice slushies.

“Coming up with a list of everything we needed, creating a budget and setting a price to see if we could make a profit was exciting,” said Year 6 student, Matilda.

“I’ve never done anything like this before, so it was great to be given the opportunity to learn through experience.”

Perhaps the best part of the day was seeing students think on their feet and deal with challenges as they arose, dropping prices and offering discounts for bulk purchases as customers ran out of money towards the end of the day.

Entrepreneurship challenges are eagerly sought after by older students, with many participating in the Wesley College Entrepreneurship Development Program (EDP), which challenges students in Years 8 to 11 to design and launch a business venture of their own with the support of industry experts and Wesley alumni.

Whether problem-solving through experimentation and investigation, creating in music, visual arts, dance and drama, or learning a new language, your child will enjoy many opportunities to develop their talents, discover their passions and try new things at Wesley College.