Journey into finance exchange booklet

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office@dardevelopment.ro

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The presentation of the PROMOTER and the objectives of the PROJECT

DAR DEVELOPMENT ASSOCIATION has as strategic goal for the next period : to become known as provider of non-formal programs regarding subjects related to the economical environment, based on the experience in business of the people who set this NGO in 2013 After experimenting our method The Business Chest in several other activities, in 2015, we proposed and implemented a multi actions Youth Mobility K1 Erasmus project, that we named: Journey into Finance, which included a 5 days training for youth workers and a 12 days youth exchange. We invited as partners 5 youth organizations coming from Bulgaria, Poland, Italy, Turkey an Croatia, NGOs with experience in international activities which expressed their interest for the theme of the project and contributed to the creation of the activity plan. They are briefly introduced in the next page. The main objectives of the project were: stimulating the entrepreneurial spirit of young people through non-formal activities and constructive exchanges of ideas ; Offering to participants an international experience involving multiculturalism and EU citizenship in ERASMUS PLUS context The purpose of the project is to embark the participants in a journey of

reflection, discoveries and experiences that will place them as responsible citizens in front of personal and carrier choices. Journey into Finance is about creating through nonformal learning, awareness and understanding over a series of related concepts having in common the MONEY, bringing the participants to the exchange closer to the realities on the European labor market and capital market and equipping the youth workers with a set of tools that will ease the dissemination of these subjects. Alexandra Brutaru

President of DAR DEVELOPMENT Association

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The partner organizations

Narodno Chitalishte “Nikola Vasilev Rakitin” (Community Culture Centre) is a Bulgarian association for public benefit that unites volunteers in cultural and humanitarian activities since 1890. Our activities consist if: Youth work – Global Youth Service Day – volunteering at the House for disabled children, trainings in summer and winter camps – Human Rights Management training – Junior Achievement program - young entrepreneurs Non-formal training to furthering the cause of human rights “Community Theatre” EURO-NET has a wide experience in the youth field and owns permanent and highly qualified facilities for training courses, meetings, apprenticeships, workshops, youth exchanges or initiatives, etc. with different skills: its facilities, together with the staff’s skills, allow to always meet the stated goals. EURO-NET has realized and developed over 300 different kinds of activities in many fields (languages, IT, European citizenship, comics, self-esteem, family support, video graphics, animation, projects management, marketing, etc.) including EYDER is a non-profit, non-government organization founded in 2006 with the aim to provide a wide range of activities in the fields of art, sport and free-time activities. Our association has already accredited by Turkish National Agency (2011-TR-41) Eyder has 100 members who have different jobs and groups (young Teachers, engineers, doctors).The Members work as volunteers for association for the same purpose. Generally we coordinate lots of EU youth projects such as Action 1.1 ,1.2,3.1 Action 4.3.and EVS. Besides, education Health related Organization for Promotion and Prevention (HOPP) is an association especially for young people. We operate throughout Poland, but headquarters of the Organization are in Opole. We invest effort on health education and expanding awareness of public’s health topics. The association gives an opportunity to build new connections and relationships between people from all over the Europe. We are promoting non-formal education methods that can be applied that the young people get more aware of the benefits of a healthy

RAPLECTION

Raplection is informal group of young people, from Split, very active in ex Youth in Action programme for the last 3 years. Our main aims are informing and raising awareness of the European Union and its educational programs; promoting self-fulfillment and personal development of young people through educational programs of the European Union and developing non-formal education, intercultural dialogue, international cooperation and active civil society.

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What is this booklet for?

The booklet you are reading aims to give the readers, a set of tools to start working with the youngsters of your local community on concepts encountered in Financing and Entrepreneurship in particular. The description of the sessions is short sinc we choosed to insert pictures which better describe the method used, the materials used. We preffered not o give the uration since this can varry according to the number of participants.

Methodology The activity that you will find described in this document is using the principles of non-formal education (NFE). Therefore, the methodologies used throughout the whole activity, in each and every session, are always based on participation. Another key feature of the activity is the focus on practice. The theoretical input is always followed by a practical approach to the topic. These two main features are translated into the sessions in a large variety of methods such as brainstorming, debates, simulations, case studies, round-tables, role games, etc.

Profile – Target Group The proposed activities are aimed to youngsters willing to become familiar with the Finances and Financing entering in what we called the World of Money and with Entrepreneurship in particular. No prior knowledge on finance or accounting is required, since it’s an introductory approach. Author The present booklet was prepared entirely by Mrs. Alexandra Brutaru,

the president of DAR

DEVELOPMENT a Association, based on her experience as a banker, financial consultant and trainer. This project has been funded with support from the European Commission. This publication [communication] reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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The activities were structured in four blocks as shown in the mind map below: The first block started with money in sense of currency and tackled the following aspects during one full day during the exchange: 

the Money evolution (presentation of the currencies of each country)—the creation of EURO– exchange rates

Budgeting –money utilization on the level of individuals and families thus one day was dedicated to “easy spending” we refrained from naming it bad spending and we approached the subjects luxury and gambling. Another day was dedicated to reasonable expenditures and we talked about: savings and consumer rights– with an application on fair and unfair advertising which introduced us in the subject of entrepreneurship;

The second block ENTREPRENEURSHIP, represented the main subject that was covered in five days during the exchange. In its turn this was divided into two subactivities one revolving on the other in the creation of business models for the enterprises that they established. 

The PROFILE OF THE ENTREPRENEUR –The Business Chest identifies and explores the essential competences for Entrepreneurship, the main competences in order to successfully start and run an enterprise. In the same time it offers an outlookcof those skills and attitudes commonly agreed as essential for employability. In the second one the participants creted the Profile of the Entrepreneurs of the companies that they developed as Bussiness case.

The BUSINESS CASE development took five days in which the participants worked on different tasks divided in multinationl teams. The teams changed during the development each case thus giving the opportunity to interacts with more participants and to studydifferenttype of businesses.The tasks were related to the creation of:

The logo, the mission, values and objectives that would differentiate their company on the market from their competitors.

An advertisement for the products of the company

Start the company and compute the balance sheet and the profit and loss account in the first month. The participants learned about several financing possibilities , they had to assess the needs and find financing for their businesses and in the end of the day they will produce, market and sell their products.

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The last two blocks of activities took the participants away from the world of money, financing and entrepreneurship: The third block led the participants briefly in the concept of CORPORATE SOCIAL RESPONSIBILITY:

The participants proposed measures that could be taken by the companies in the four directions: environment, human resources, neighboring community and authorities.

The participants visited a multinational located near the place where the exchange took place an discussed with the CSR responsible about the measures taken by this company in particular.

The fourth and last block o which it was dedicated just one day was called A DAY WITHOUT MONEY and included three activities: 

Developing and staffing a volunteering project;

Envisaging pleasant activities that would take place in a day without money

Sending sympathetic messages to the community which hosted the exchange during 12 days.

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Show me the MONEY !

Slide show with participants contributions– Facilitated discussion The participants divided on national teams present through a slide show the currency of their country explaining the significance of the symbols, the images and the characters who are portrayed on the currency, they will share with the other participants the evolution of the currency in their country during history. Participants were encouraged to ask questions to their colleagues from other countries.

Objective of this session : demonstrate multiculturalism, common history, common values, European citizenship

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The long way of the national currencies into EURO

Facilitated discussion The facilitator presents to the participants information regarding the evolution of the European Union from its inception, the way the decision on a single currency was taken, and the way the euro evolved and was introduced in the countries, also the plans for the extension of the Eurozone. There are used materials maps and brochures received from the European Commission representative office in Romania.

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This project has its own currency !

Each participant receives a card a Bank Statement that he has to keep in an envelope pinned on the wall. The participants receive as reward for their contribution, both individual or as member of a team—JIF-s the currency of the exchange. At the end of the activity a classification is done according to the amounts gained.

Objective: mathematical skills, fairplay, individual organization, team spirit, competition spirit

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The exchange house

The facilitator presents the participants divided by groups of 10 the “concept” of exchange house meaning—polite, fast and correct service . In this role-paly relay game, within the groups the participants will take turns and they will be successively acting as exchange house officers, managers and customers. The participants will be given various amounts of the currency of the exchange that each of them will have to exchange in other currencies. They will form lines in front of the exchange houses and the entire time will have to pass in front of the desk as soon as possible and to receive a receipt with the money that they must collect. The teams will be given time to decorate their exchange –booths. The officer will compute manually while the manager will have access to the computer and will verify and control the mistakes.

Purpose: gain mathematical and technical competences, team work, coordination. 13


Family budget

Presentation-Graphical facilitation The participants work in national teams and present the structure of the family budget in their country according to their best knowledge, using the same categories of expenses.

Objective of the session: community involvement, mathematical competences, EU citizenship, communication skills

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Survey The participants receive forms with the same categories of expenses and they perform a survey asking the inhabitants of the city of Targoviste about their breakdown of the family budget.

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What luxury means to you?

In this session the participants work in groups randomly selected, they will receive glossy magazines and their task will be to do a poster who will better express the concept of luxury for the members of the team. The teams will be asked to give the presentation of their poster as evocative as possible for the concept in question showing positive and negative

effects.

Objectives: rising awareness on spending habits , communication, creativity, team work, presentation skills

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Gambling and betting The participants will discuss about gambling: what is the legislation in their country regarding gambling and how it is taxed. What is the common view about gambling and gamblers in the countries they represent.

Purpose: communication, European citizenship, team spirit.

The participant were invited to play an original game: MONOPOLY on countries. For each of the 5 participating countries there were selected four cities, the name of the city and a picture with a representative tourist objectives and the number of points were laid on a paper sheet then the paper sheets were placed on the floor of the hall– according to the score of the rolling dices– the participants went from a position to another and they decided to: rent or buy a certain city. The team who detained the city decided to do the deal or not. The winning team was the one with the bulk of gains after three rounds. 17


Set your company!

In team randomly selected the participants have chosen one of the six types of companies that they had to set up: this first task was to create a logo of the company and to establish its mission, Vision and Goals. The definition of these concepts was explained

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Objectives: creativity,

entrepreneurship, cooperation spirit

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Responsible purchases—Consumer Rights—Fair Advertising

The participants will discuss about responsible purchases, the EU policy regarding consumer rights will be explained to them using EU commission materials.

Yes, and it also says that labels must be written in plain language that everybody can Does the Law say that we are allowed to return products that are NOT IN ACCORDANCE with what the labels promise.

understand them.

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The participants divided in teams of 6-7, were asked to propose an advertising for a product of their choice, produced by the company they have established previously—in this add they should apply the consumer policy principles. The group will write the scenario, will act and will present the advertising edited in

Objectives: creativity, digital competence, acting, EU citizenship

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Portrait of an entrepreneur

The participants were asked individually to extract an object from the BUSINESS CHEST - a large closed box, where there will be deposited several items and

toys - finding definitions, and utilizations for each objects will lead the participants to create the profile of the entrepreneur. Each definition will be retained and written on a piece of colored paper, for example: for the toy phone the definition can be good communicator, controlling the situation a.s.o. We will discover abilities, knowledge and attitudes that an entrepreneur is characterized by.

Objectives: creativity, understanding entrepreneurship, communication skills;

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Grouped “on companies the participants” the participants had to analyze and put on flipchart pages the specific traits– in terms of education, aptitudes and attitudes for each type of company.

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Set your company to work !

The participants were given boxes containing different –forms, documents and objects for each company: Incorporation Deeds, Bank Loans Agreements, Invoices, Receipts, Employment contracts The participants were asked to evaluate the amounts needed for them to start the respective business an to present a Balance Sheet

statement for each enterprise. All necessary information was given to the participants and written on a whiteboard at their disposal. The participants who had economic studies helped

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Objectives: creativity, understanding entrepreneurship, mathematical skills

communication skills, presentation skills.

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Corporate Social Responsibility Corporate Responsibility Concept - Through a facilitated discussion the participants will be introduced to the concept of Corporate Social Responsibility (CSR) and will watch together some movies showing the way multinationals understand to intervene in the life of the communities. Then divided into 4 groups they will propose measures for each of the chapters.

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A day without money—Volunteering

In this session the participants were introduced to the concept of volunteering as defined in the European Voluntary Service. The participants grouped by nationalities and more precisely the organizations that they created in the firs day, proposed Volunteering projects ac-

cording to the profile of their organizations. They described the projects in terms of activities , duration, candidates profile. The teams were further separated into Organizers and Volunteers and those acting as volunteers had to choose one of the other projects and convince the Organizers that they would be the most appropriate to participate in the respective projects. The admitted candidates were announced.

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A day without money— Move the community

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Intercultural evenings

Romania

Poland

Italy

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Turkey

Croatia

Bulgaria 31


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www.viitorantreprenor.org Future Entrepreneur—Viitor Antreprenor- is the project through which DAR DEVELOPMENT ASSOCIATION promotes business and financial culture—Journey into Finance—is only one of the activities that we intend to do for this purpose.

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