Enterprise Matters

Leaders in enterprise and financial education

Term 4 2012

Running YES in a rural school Enterprise Programmes in TPU’s New Level 4 Financial Education Resource Manurewa’s community focus success www. youngenterprise.org.nz

2

CONTENTS 3

Talking about enterprise ¯¯ CEO Terry Shubkin

4

Headline News ¯¯ We have moved ¯¯ Professional development ¯¯ PD in your own office & More

8

Inspiring, Educating

&

students through Transforming

enterprise experiences

Student Success ¯¯ Manurewa’s community focus success

10

Feature ¯¯ Running YES in a rural school

12

Programme News ¯¯ Primary Programmes ¯¯ Financial Education ¯¯ International Programmes

14

Connecting business with schools ¯¯ Enterprise Programme Pilot at Teen Parent Units

16

Important Dates

17

The close

Visit www.enterprisematters.org.nz Subscribe to Enterprise Matters for Free & receive your own copy four times a year www.youngenterprise.org.nz

TALKINGABOUT ENTERPRISE CEO Terry Shubkin

I

reading the amazing annual reports that

a colony of penguins that live on an

have come in from our YES companies

iceberg in Antarctica. One day, a penguin

Enterprise Programme. It’s wonderful to see

When he raises the issue, no one listens

’ve spent a good part of the last few days

Enterprise Matters is a publication of the Young Enterprise Trust Charities Commission Registration Number: CC21103 Editorial Content Paul Newsom Contact Paul on 04 570 3984 or paul.newsom@youngenterprise.org.nz

as well as entries for the BP Community the talent in our young people and to hear about their journey this year.

It’s also been a nice break from my other recent major activity – packing up our office. After 15 years in the same offices in Lower Hutt, we have moved to the bright

Address Young Enterprise Trust,

lights of the Wellington CBD. This allows

Level 2, iPayroll House, PO Box 25 525,

us to be closer to our major sponsors and

Wellington, NZ

the bonus is we have been able to save

www.youngenterprise.org.nz

money in the process.

Art Director Jodi Olsson

which involves more than just locating

Publisher Espire Media Po Box 137162,

new premises and moving furniture and

Parnell, Auckland 1151

equipment. It’s a cultural change for our

Enquiries: Phone Richard on 09 522 7257

team and like all change, there will be both

or email richardl@espiremedia.com

opportunity and challenges.

ISSN 1177-875X This is a GREEN MAG, created and distributed without the use of paper so it's environmentally friendly.

Please think before you print. Thank you!

Moving offices is a major change

The ability to embrace change is a key characteristic of enterprising people.

I regularly quote the Dictionary.com definition which says that “enterprising”

discovers that their iceberg is melting. to him. It’s the story of one penguin trying to bring about change. It’s the story of the journey of the different penguins and how they learn to accept and eventually embrace change.

Sometimes change is driven by an individual. Other times it is driven by society. As an example, digital technology is changing the way we communicate and collaborate. Ultra-fast broadband and the upcoming Network for Learning will present many new opportunities for schools but will create new challenges.

I had the privilege of visiting Pt. England Primary School in Auckland recently to see how they are embracing technology as a medium for teaching their pedagogy. The visit highlighted that technology is an enabler for what we want to do. It is not a means to an end. And this understanding is very useful as we start

is an adjective which means ‘ready to

to develop our digital strategy for Young

undertake projects of importance or

Enterprise Trust.

difficulty, or untried schemes; energetic in carrying out any undertaking.’

Of course, in this case I initiated the change and therefore I personally am ready to embrace it. But, whenever major change occurs it is important to realise

Cover picture: Manurewa High School YES company ‘Caring & Co’ team members Ryan King, Lar Su’a and Vimean Ko with their extra virgin olive oil (Photo: Dubby Henry/Manukau Courier)

Our Iceberg Is Melting is a fable about

that people adjust to change in different

With that I leave you with one of my favourite quotes from Confucius – “Only the wisest and stupidest of men never change.” With any change comes opportunity and I am looking forward to all the new opportunities that will come from our office move…and other changes.

ways. A great book that I read a few years ago highlights this very point. www. youngenterprise.org.nz

HeadlineNews

We have moved After almost 15 years based in Lower Hutt, Young Enterprise Trust has moved to the bright lights of Wellington City.

Come and see us at: Level 2 iPayroll House 93 Boulcott Street Wellington 6011 And our new postal address is:

Teacher PD Workshops

Workshops:

Delivering the Young Enterprise Scheme

LOCATION

2013 - This professional development

Wellington

Wednesday 14

November

workshop will explain how to deliver this authentic learning opportunity in your classroom as a standalone subject, alongside a timetabled subject such as business studies, economics, accounting or technology, or as an extracurricular activity.

Dunedin

DATE

Friday 16

November

Auckland Central Wednesday 21

November

You will learn about:

Rotorua

• The structure of the programme

Register for the workshops now at

• The requirements for teachers & students

http://www.surveymonkey.com/s/

• How to use YES as the vehicle to deliver

Thursday 22 November

BKKWWK6

Young Enterprise Trust

the ‘marketing’ and ‘run a business’

PO Box 25525

business studies Achievement Standards

PD in your own office

Featherston Street

at levels 2 and 3

Our Webinar series continues through

Wellington 6146

• The alternative 24 credit equivalent Young Enterprise Certificate

Professional Development Best wishes Rochelle, welcome Sarah Rochelle Collinson, our Resource and Training Manager, has taken maternity leave, and we wish Rochelle and her

• The free teaching resources available for you to use • How to gather information for assessment in an authentic business

and is looking forward to getting back into the school environment. You will be seeing or hearing from Sarah soon! www.youngenterprise.org.nz

or home. Check out the webinar schedule on our calendar on page 18.

too!)

We have released our first webquest,

• The competitions that inspire and

background in learning and development,

comfort of your own office, be it at school

motivate the students (and the teachers

Hartley-House is joining us to undertake

Sarah is a trained teacher, has a strong

in just 45 minutes, without leaving the

Webquests - Online Financial Education and decision making challenges.

• How the support network will help you

Rochelle is away.

allow you to get the information you need,

programme

family well for the new arrival. Sarah this important role for the period while

till the end of November. The webinars

We will also introduce the new Young

called What’s Your Car? Webquests

Enterprise Start Up programme which

are class room based inquiry oriented

has been designed to enable you to

lessons in which most or all the

deliver and assess the internal level 1

information that students work with

business studies Achievement Standards.

comes from the web.

The information sources are preselected, so the webquest is about information use, not information gathering. They involve the synthesis of knew knowledge to complete a task, and emphasise higher order thinking. Students are required to make decisions and take risks, and the webquests don’t necessarily have a right answer.

The Young New Zealander’s Guide to Entrepreneurship The team at Young Enterprise Trust have paired up with Hunter Publishing and

IAn hunTer

More Webquests coming soon…

The book chronicles the new business startup process and has hot tips and practical advice on everything from generating business ideas through to

in their community”.

successful marketing strategies. The book will be available in Whitcoulls stores from January 2013.

Stephen Tindall and Anne and David

I n s P I r I n g s T o r I e s , g r e AT A d V I c e

young

The

‹ Ways to test your business idea in the marketplace

to put a winning team together The‹‹ How webquest and How to write a business plan resources are free to ‹ Top tips for marketing and selling your product/service ‹ How to manage your money use and available now.effectively All you need ‹ How to communicateonline well and negotiate ‹ How to manage your business through its different stages much more online at http://yetrust. to do ‹isAndregister co.nz/FED/ WhatsYourCar.html and you will be sent an access link via email.

position to buy this book, but we want all

Dr Ian Hunter, whose previous books include Imagine:Innovation and Age of Enterprise, says researching and writing the book has been inspiring. “There are lots of case studies in the book from actual Young Enterprise companies. What some of these students have achieved in their first business is pretty amazing.

I’ve also connected with some of New Zealand’s business leaders who have been all too happy to contribute and pass on advice to the next generation”.

The young new ZeAlAnder’s guIde To enTrePreneurshIP

What’s Your Car? is a group collaborative financial education project on planning for, choosing and affording a car. This authentic assignment is an exercise in critical thinking The economy needs you! to take into consideration many variable Today, entrepreneurship is a real career choice. Entrepreneurs establish and build business enterprises, they generate new ideas, factors, and come with a reasoned or create new wealth, new jobs,up and new products and services.

And the skills of the entrepreneur‑creativity, insight, innovation, decision‑making, and the ability to see the big picture‑are valued justified decision.

It is designed to take 3-6 by companies and organisations more than ever.

The Young New Zealander’s Guide to Entrepreneurship is an periods to and complete can bebusiness. used in inspirational practical guide and to starting your own Fully endorsed by the Young Enterprise Scheme, the book is filled with great advice from winning teams, business mentors, and conjunction withleading Accounting some of New Zealand’s business people. Achievement Inside, you’ll discover: (Make a financial decision Standard 90981 ‹ Why being an entrepreneur is important Where good ideasor comegroup). from, and how to kick‑start for an‹individual your own

Whitcoulls to launch ‘The Young New Zealander’s Guide to Entrepreneurship’.

The book includes case studies from YES alumni, and hints and tips from prominent New Zealand businesspeople including Sir Peter Leitch, Tony Falkenstein and Tim Alpe.

young New Zealanders to have access to it,” says CEO Terry Shubkin. “We’re looking for local companies to invest $1,500, which will give 100 students a free copy of the book. This is a chance for local businesses to make a big difference Every student that receives a copy also goes into a draw to win a day with a leading CEO. Xero’s Rod Drury, Sir Norman (owners of Pascoes and Farmers) have all volunteered to host the winning students for a day.

If you would like more information on how you can adopt a school, please contact Eli Nana at Hunter Publishing on 09 636 6268 or email eli@ hunterpublishing.co.nz.

Hong Kong and the Fed Ex / JA International Trade Challenge Earlier this year, Yes students Enzo Peace, Isabella Morris, Alice McFall, Joel MacManus, Jesse Medcalfe and Karan Deva, earned the right earlier in the year, to represent NZ in Hong Kong at the Fed Ex / JA International Trade Challenge in August.

new ZeAlAnder’s guIde To

enTrePreneurshIP

Robyn Borne, Programme Head of the Young Enterprise Scheme reports:

Cr eati vi ty

Pas sio n

Money EnEr gy Direction

In sp Ir at Io n visio

Day 1 It’s a long way from Wanganui, Nelson, Tauranga and even Auckland to the heavily populated business and trade centre of Hong Kong, but the flight provided a great opportunity for the

n

FOCUS

Ian hunter Ph.d.

Young Enterprise Trust is running an Adopt-A-School campaign, which will see books gifted to students. “We know that not every student will be in a financial

students from these YES regions to really get to know each other. By the time we’d reached the destination we really felt like Team NZ. A quick familiarisation with the local transport system saw us exploring Hong Kong’s trade environment at the markets where the students proved to be expert negotiators. I put this down to their www. youngenterprise.org.nz

changes in Hong Kong under Chinese rule and finished our day looking at the night skyline on the 118th floor of the International Commerce Centre Building.

training as YES company directors and followed their lead.

After checking in to the hotel, the team made their way to the welcome dinner and soon made friends with other participants.

Known each year for their ability to encourage friendship amongst the competing countries, the NZ team soon had everyone interacting with their intercountry “Jelly and chopstick” challenge.

I put this down to their creativity as YES company directors and practised quietly in the corner.

Day 2 saw the challenge issued and the hard work began to create a market entry strategy for ‘A product that would improve environmental degradation in India’. The day finished with the students from all 10 countries on a boat exploring the Hong Kong harbour, providing another opportunity for all students to get to know each other – team NZ again providing the lead on the boat ride back and showing that music crosses all international borders. I put this down to their networking abilities as YES company directors, and joined in the chorus.

Day 3 saw students working frantically toward their deadline and practising speeches until the small hours. New Zealand was delighted to have two teams reach the final round and to secure a third placing for Joel and Alice with their “recycled human waste bricks”. I put

www.youngenterprise.org.nz

this down to their exceptional talents as enterprising YES company directors and felt proud.

Day 4 and 5 saw a round of goodbyes to the other countries and Team NZ continued to explore the local culture, visiting many landmark buildings and reflecting on what they had learned from the interactions with their peers, as well as the challenge. We craned our necks at the office towers, marvelled at the expansive malls and small but prolific apartment buildings, compared the limousines outside the five star hotels with the ramshackle back streets and living quarters of the not so well to do, listened while the locals gave us their view on the Karan Diva and Jess Medcalfe

I put the students’ ability to combine laughter and fun, analysis of economic differences, acceptance and appreciation of other cultures and comparison of consumer markets down to their intelligence as YES students and felt positive about the future of New Zealand business.

Day 6 The journey home – I put their non-stop energy down to youth and went for a cup of tea and a lie down.

TEAM NZ 2012 – you are to be congratulated for being such wonderful ambassadors and your contribution to the legacy of role models from the Fed Ex International Trade Challenge – thank you for your company.

Robyn and Team NZ travelled courtesy of Fed EX Express and JA International.

Samuel Marsden College students Ellie Cook, Claudia Beaumond, Maddy Williams, Katie Fitzsimons and Morgan Archer. Picture: CRAIG SIMCOX/Dominion Post

“We’re delighted to have had the opportunity to work with the students on their YES idea to raise money for breast cancer awareness”

A group of students from Wellington’s Samuel Marsden Collegiate have paired up with Whittakers to raise funds for a fantastic cause.

the NZ Breast Cancer Foundation. At the product launch on 1 October they announced that in the first ten days of sales, almost 100% more product was sold than in any previous Whittakers product launch.

The company ‘Pink’ is taking part in the Lion Foundation Young Enterprise Scheme. Their idea was to create a chocolate bar which raised funds for the NZ Breast Cancer Foundation. After approaching Whittakers to see if they could manufacture the chocolate, the girls agreed to partner with the chocolate makers in a nationwide campaign. The chocolate bar is called White Raspberry and is available in a 250gm block. Twenty cents from every sale will go towards

Visit the Whittakers Facebook page (http://www.facebook.com/ WhittakersNZ) to see some behind the scenes footage of the students as they create their chocolate bar. ■

YES team hits high gear with Whittakers

“We’re delighted to have had the opportunity to work with the students on their YES idea to raise money for breast cancer awareness,” says Holly Whittaker.

“As a unique product that wowed our taste-testers, White Raspberry is set to become a great addition to our range.”

www. youngenterprise.org.nz

StudentSuccess

Caring & Co with Terrenzo Bozzone, champion triathlete and ambassador for the Life Education Trust.

M

anurewa High School students have participated in the Young Enterprise Scheme in 2012, the first time in a few years, with huge success.

The students have attracted great media attention to the school, including a visit from the Prime Minister. For teacher Emma O’Riordan it was a new experience too.

The school has been considering ways to engage our students. We are achieving considerable success in engaging students in immediate learning and academic success. The input from YES has added to our goal of increasing engagement by engaging students in a business venture.

We had a chat with school Principal Salvi Gargiulo, Emma, and YES company CEO Lars Sua , to see how they have gone about introducing YES into the school.

The success in this venture has had a flow on effect on all our students seeing the media coverage and recognition that their school mates have achieved in a business venture.

Firstly we asked Salvi why the school offered YES, and what difference it has made for the students, and the rest of the school.

We are very grateful for the work of teacher Emma and mentor Lance for their hard work and expertise. Our challenge is to build on this success in the future.”

“The outcome for Manurewa High School of work with the YES program has been significant in leading to realisation that our students can take a leadership role in business.

For YES teacher Emma, getting started was a bit daunting:

www.youngenterprise.org.nz

“At the start of the year I was a little anxious but as the year went by that disappeared as

I knew there were people to support me if I needed help. All it took was an email and I had the answers I needed.

The year has gone incredibly well. I have enjoyed it immensely. It (YES) is probably one of the best things I have done since becoming a teacher. It was wonderful watching my students grow through the programme. They have grown in confidence and have learnt a wide range of new skills. Some have gained a real passion for business. I have to say it hasn’t always been easy. It was hard to find the time to fit everything in as it has been pretty busy.

My students are doing the business studies Achievement Standards, and I definitely want to do it again next year.”

The successful YES team, Caring & Co, has a product called ‘Unique Drizzle’,

which is handpicked New Zealand made extra virgin olive oil. The team are also very community focused. Their company mission is to educate children in South Auckland in to leading healthier lifestyles, and to achieve this, they are supporting the Life Education Trust. They recently handed over a cheque for $3,000.

ended up selling 300 bottles. From this the company was able to donate a sum of $3000 to Life Education Trust, which includes the cost of putting the whole of Homai Primary School through the Harold the Giraffe program. This had again surpassed our goal of putting 100 children through the program.

We asked CEO Lars Sua what makes the business tick.

EM: What are you planning to do with the business at the end of the YES year?

EM: How did you come up with the idea to support the Life Education Trust?

LS: We are planning to continue with this business while attending University.

We have been in discussions with our producer at Azzuro Groves who are willing to help support us in carrying this business on into the future. We have had Olive Groves on Waiheke Island who have also shown an interest into supporting us through their donation of their olive fruit.

LS: We team got together to find a way to help care for our community. We teamed up with Life Education Trust because we knew what good work the Harold the Giraffe Program does for children and we wanted to direct their good work towards the South Auckland children. For every bottle sold we put 1 child through the Harold the Giraffe Program.

EM: What were your business goals for the year, and have you met them?

LS: The team has successfully achieved in the company mission in educating children in South Auckland in to leading Healthier Lifestyles. The company had initially strived to sell 120 bottles of Unique Drizzle within the first couple of months. We surpassed the amount of expected bottles and we Making a sale – to Prime Minister John Key.

EM: What have you got out of YES so far – what difference has it made for you, and your team?

LS: The major highlight for me was meeting up with business man of the year Don Braid and conversing with him about tips on how we can expand as a company. I also enjoyed every opportunity that we had to share our story and the success we had because of it. Each member of the team has learnt skills and gained experiences

Presenting the cheque to Life Education Trust with Harold the Giraffe

“Most importantly we have had an opportunity to change the lives of children in our community.” in the world of business which you could not gain anywhere else besides the Lion Foundation Young Enterprise Scheme.

We have all learnt the importance of time management and making sure to keep up with deadlines. We have also learnt the importance of the interpersonal skills that are needed to interact with other people, be it members in your team, customers or negotiating with external parties.

This company has surpassed all expectations with their progression through the scheme. We have won awards, and have been recognised by our community in the local Manukau Courier, have been on News talk ZB where we shared our experience so far and we have met with the Prime Minister, but most importantly we have had an opportunity to change the lives of children in our community. ■ www. youngenterprise.org.nz

Feature Running YES in a rural school

the tasks are building up to help them to achieve the 24 Level 3 Credits by the end of the year and a share of the company profit.

EM: How do you go about getting the teams to come up with product ideas?

“Marion helping a student from ‘Our Backyard’ work on the business plan.

P

articipating in the Young

MH: Apart from accounting, our school

Enterprise Scheme is challenging,

does not offer a business course. For that

and whether successful students

reason we offer Young Enterprise as an

take on the challenge with intrepidation or

extracurricular business experience for

fearless gusto, or somewhere in between,

interested students.

the results are clear to see.

For students and teachers in rural schools there are often additional challenges to overcome, that city schools would not encounter. Smaller communities have less potential customers, fewer businesses to mentor and support YES companies, and the students often have to travel further to participate in the YES events.

Opotiki College in rural Bay of Plenty is 45 minutes away from Whakatane, where YES events are held. They have an outstanding track record with YES, picking up many awards along the way, including national winners in 2009. Marion Holloway has taught YES for 15 years, including the past nine years at Opotiki College. We caught up with Marion to find out how she runs YES successfully in a rural school.

EM: How is YES offered, and why?

10

www.youngenterprise.org.nz

EM: Which credit pathways do you offer, and why?

MH: We take part in the Young Enterprise Certificate as we find that it best suits our out-of-school set up and it works best with our meeting times. We also run the course at Year 12 because we feel that at Year 13 the students need to be concentrating on their studies. We have found that students enjoy it so much that coming into school for extra work days and meetings at weekends and during the holiday has never been a problem. They quickly form lasting friendships amongst the team and find the social interaction is a bonus. The YES system guides them through the process.

Directors understand what is required, when it is required and who is responsible for getting it done. They know that all of

MH: Choosing a product is one of the most difficult times in the YES calendar.

We take our time with this because it is important to make a good choice. The team will spend some time brainstorming possible products and getting ideas from other students, staff and family.

We then revisit each idea and discuss the merits or otherwise of each until we have three definite possibilities which everyone agrees they can work with. It is so important that all directors believe in the product. The team splits into three teams and researches one each of the ideas thoroughly. They then present their findings and recommendations to the Senior Management Team and YES teacher who give them feedback. The research process will highlight the best product and then the team will focus on putting together a plan to produce it.

EM: How do the teams raise funds at the start of the year?

MH: We are a Decile One school which can make it difficult for some students to come up with their share of the start-up capital. We usually ask each director to contribute $100.00 which they can pay off over the first two terms when the money is available. This makes them an equal

“Most of the

shareholder in the company. We often need more start-up capital so do other fundraising activities such as delivery of Telecom telephone books, assisting at the Fibre and Fleece Show, a Bake Sale, Sausage Sizzle or The Disco. We can also win prize money from the YES Business Plan, Business Plan Presentation and Dragon’s Den competitions.

In addition in previous years our companies have successfully sought sponsors to meet the need for capital.

For example, for the game All Around Aotearoa, we sold $100 sponsorship spots on the playing board and wrote up a short advertisement for the company and put it into a brochure which went in the game box. This raised around $2,100.

EM: Do you struggle to find business connections and mentors in a small rural town?

MH: I have found that a team has never been turned down if they have asked local people to help in some way. They love to be involved with the students at the College. YES has a high profile both at school and in the town. I would agree that it is difficult to get suitable mentors from the town – we like to have mentors who are experienced in the line of business we are working in so that we can lean on their expertise. In the past we have had mentors for two or three of our companies but recently have managed without.

2012 Opotiki YES team ‘Our Backyard’ at NZED Show in Auckland.

EM: Is time an issue for the students to get everything done?

MH: Most of the directors are juggling after school jobs, family commitments, school sport etc. so they are experienced at time management and good at organising themselves. They understand that YES involves commitment and they organise their business meetings after the school day.

Parents also realise that YES means that students have to ‘step up’ to the challenge if they are to have a successful year. Students enjoy YES so do not view it as an imposition, rather as a terrific opportunity.

EM: What are your top teacher tips to make a successful YES year?

MH: We have three school vans which we can use to get to venues. It is not a problem for us to get to Auckland or Wellington either despite the distance. It has been my

MH: 1. Make the YES experience as authentic as you possibly can. If we are putting together a stand for a local business show we will use a local printer to ensure our product is seen as important as the other stallholder’s products - we don’t want to be dismissed as ‘just students’. Our students always dress in No1 uniform for any event– I find it gives them confidence.

2. Practice makes perfect! We write our speech content as a group so that we do

experience that students from a small town like Opotiki love to travel to other venues and gain a different perspective. Our students use the vans all the time to get to events for all subjects.

not miss anything out. Then we practice over and over until the nerves have gone and we are the best we can be.

3. We brainstorm the content for the business plan and annual report as a

EM: YES events are at least 45 minutes away – is this a problem?

directors are juggling after school jobs, family commitments, school sport etc. so they are experienced at time management and good at organising themselves. They understand that YES involves commitment and they organise their business meetings after the school day.

Parents also realise that YES means that students have to ‘step up’ to the challenge if they are to have a successful year. Students enjoy YES so do not view it as an imposition, rather as a terrific opportunity.” group which works really well so we don’t have the situation of completing the plan and then remembering that we did not include something.

4. Celebrate for success. We provide meals for longer work sessions to reinforce the team atmosphere. ■ www. youngenterprise.org.nz

ProgrammeNews that register for Primary Financial Education. To register visit www. youngenterprise.org.nz and select the red register button on the right hand side of the home page.

1.

Money Day was an official Money Week activity hosted at Massey University, Wellington.

Primary:

New Level 4 Financial Education Units build financial capability through social inquiry.

During the day, the students:

This Level 4 resource focuses on five Social Sciences Achievement Objectives and engages students in learning about: * Working and earning

2.

* Consumer spending

Money Day 2012: Want to know about your own money personality? Want

* Financial risks * Community financial challenges * Managing money * Managing financial events The units of work can be integrated into the classroom numeracy, literacy and Social Sciences programmes. They can be targeted to whole class and small group work.

The characters in the activities are at an age level suited to Years 7- 10 students and provide an authentic context for financial learning. The activities provide opportunities for students to develop financial capability and the five key competencies through a social inquiry approach to learning. All activities are supported with teaching, learning and assessment materials.

12

The resource is free online to teachers www.youngenterprise.org.nz

to find out how interest can work in your favour? What about a fun way to understand how to become wealthy?

And win movie tickets at the same time?

Fifty year 10 students from St Bernard’s College and Bishop Viard College did just that during 2012 Money Week.

•

Identified their own money personalities and noted how many different approaches there were to money management in the group on the day;

•

Took part (in groups) in a quiz on

Financial Education:

•

six money topics;

is one of the four Money Pacific Goals

the use of the resources and a variety of

Listened to a talk on interest and

approved by the Pacific Finance and

teaching approaches to make learning

Education Forum.

fun. To cap it off, assessment material has

how it works; •

Participated in an interactive computer based activity, which demonstrated the impact of interest on debt (mortgages), KiwiSaver and savings

•

Played “Skint to Mint”

Students told us they learnt a range of personal information, tools, knowledge and concepts, and skills during the day. “It was a great experience and opportunity to learn more about money in a programme that appeals to our age group and learn it with different people.”

The Macarthy Trust funds activities in the Wellington Province and it is the second time they have funded a Young Enterprise Trust Money Day. The Trust is very grateful for the Macarthy Trust’s support.

3.

International Programmes

Over the past two years, Young

been prepared so that the new education

Enterprise Trust worked with the Fiji

assessment system in Fiji can be readily

Ministry of Education and the Pacific

implemented.

Financial Inclusion Programme, who jointly manage the FinED Fiji Project, towards introducing and strengthening financial education within existing subjects in Fiji schools.

As the technical adviser, the Trust has together with the Fiji Ministry of Education, developed a framework for financial education specific to Fiji, and worked with 28 primary and secondary schools to integrate the framework into core curricula and deliver financial education learning in these schools.

Resources, including lessons, classroom activities, games and assessments, were created by the Trust in coordination with the Ministry, for classroom use. During eight professional development sessions

The Fiji Minister of Education (Ambassador Filipe Bole), his Ministry and the twenty-eight pilot schools have enthusiastically embraced the project and the teaching material that enables the learning to be delivered.

The FinED Fiji project is the most comprehensive Financial Education project in the Pacific region. Two Pacific island countries have conducted study visits to Fiji to see how they can do something similar. Funded by the Australian Aid Bilateral Programme in Fiji, the Project will impact directly on children in schools from Classes 1 through to Form 6 (12 formal levels of schooling).

It is envisaged that from the 2013 school year, 197,000 students in 913 schools in

Financial Education in Fiji: Fiji has

organized by the Trust lasting a total

taken the goal of getting all school

of 25 days, Champion teachers were

Fiji, will have exposure to personal money

children to receive financial education

trained in the understanding of financial

management and investment in Financial

through core curricula to heart. This goal

education, integration and how it works,

Education, on an annual basis. ■ www. youngenterprise.org.nz

Connecting Businesswith Schools Enterprise Programme Pilot at Teen Parent Units special. We talked about using this for YES this year and several of the girls were very enthusiastic.”

The company is selling nappy cakes to order and also have a variety of ready-made cakes. They sell for $50, and after Trade Fair day they will be targeting other TPUs for sales. They also offer some games and prizes for an additional charge. The addition of the games differentiates them in the market from the nappy cakes available on Trade Me and they have also priced their product to be competitive. Pat says the three team members have all grown and

Sarah and Desiree with nappy cake

D

uring the year, two of our enterprise programmes have been successfully trialled in Teen Pregnancy Units.

Young Enterprise Scheme in the Kimihia Parents’ College in Christchurch- Teacher Pat Mason was very keen to introduce the Lion Foundation Young Enterprise Scheme at Kimihia. “It was my extra-curricular activity at Linwood College (our host school) for some years and I have seen how it grows and develops our students. If I were to look for a definitive reason for running YES here it would be to show girls the way into business. These students have come from very different backgrounds, but it is fairly true to say that school hasn't worked

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developed while running the business: for most of them in the past and they have never dreamed of running their own business. Giving them some business skills in a secure environment should lead to a real change in their lives.”

Choosing an idea for a product can take some time, but with eyes open to opportunity, there are many possibilities. Pat says “an ideal opportunity arose when the girls made a nappy cake last year for one of our pregnant students. They also had an afternoon tea and appropriate games – e.g. pin the sperm on the ovary, a prize for whose waters broke first (a jellybaby frozen in an icecube) and other equally hilarious games.

Many of our young parents have very little in the way of material possessions and a nappy cake and baby shower really made them feel

“Sarah is a Maori student who wants to be a nurse. She has become an outstanding leader, is well organised and very effective. I believe the experience this year will open the door for other opportunities later in life. Desiree has applied for the Police for 2013. She is the Production Director and I asked her what she had gained from being part of the team. She said what stood out most was learning how to work with others and being part of a team. I am sure the Police Department will be glad to hear that. Kaylarny is also a Maori student and definitely the quietest member of the group. Kaylarny has excellent computer skills and is currently working on brochures, business cards and signage

for Trade Fair day this Saturday. She is the marketing director and has made sure the business is well positioned in the market.”

Pat goes on to say that “This year has been so positive that I am going to offer YES at Levels 2 and 3 next year. Apart from the skills the students have gained, there are a significant number of Level 3 credits to be had. Two students have sat the examination this year and stand to gain 24 Level 3 credits; the others will get 10 credits from the year’s work.

With the alignment of standards and the continued expectation from the Ministry for teen parent units to gain an outcome of Level 2 for each student, Young Enterprise sits well in the mix as it is a skill based programme with significant credits attached and it teaches valuable skills for future vocational pathways.”

BusinessNZ Challenge at Hawkes Bay College for Teenage Parents - William Colenso College - The BusinessNZ Challenge is a three-day practical business experience which

involves students forming notional companies, researching and deciding on a product or service, writing a business plan and launching it in an oral presentation competition to a panel of judges. The pilot of the Challenge was funded by the Ministry of Youth Development.

Teacher Sue Kay says “The BusinessNZ Challenge was a highly successful. The programme caught the imagination of students, who were enthusiastic and excited about the three days. Our young parents were able to develop their research skills, computer skills (word, power point, and publisher), work with others, identifying strengths within a group and delivering a group presentation.

“I really enjoyed this experience. I’m really proud of what I did and how I achieved it. My business experience was awesome and I could really see myself doing business in my life.” Student “The challenge allowed all students to participate in a way that suited them, and capitalised on the individual strengths

they brought to their group. The cooperative nature of the activities and the process of the challenge from start to finish made it a safe and non-threatening learning environment.”

Young Enterprise Trust Programme Head and presenter Yolande Rosario said “It was nice to hear the teachers say they had never seen the students work so hard or so well. No one looked forward to the end of the day as everyone was keen to complete their work and make a good impression to the judges on day three.”

Judge Phil Teague, Senior Partner, BNZ Partners, added “Business NZ Challenge deserve a pat on the back for the programme as the group we were judging struggle to embrace tertiary education as closely as other groups do, yet your programme received their wholehearted attention, captured their imaginations, meaning significant effort went to produce some excellent concepts and presentations.” ■

Thanks to our fantastic sponsors and supporters. None of what you have seen in this magazine would be possible without them. If you would like to know more about how you can help, please go to www.youngenterprise.org.nz

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IMPORTANTDATES Teacher PD Webinars

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Young Enterprise Scheme in your classroom How to add context to maths with Financial Education board games New Resource: How to deliver fun and

Authentic Financial Education to Intermediate aged students Qualification pathway options for the Lion Foundation Young Enterprise Scheme New Enterprise programme to deliver and assess L1 business studies Achievement Standards

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Events and Deadlines BP Innovation entries close

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DairyNZ Challenge entries close

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THE CLOSE

I’m not afraid of storms, for I’m learning to sail my ship.

Aeschylus

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