Leaders in enterprise and financial education
Term 1 2014
Develop enterprise and financial capability alongside your regular primary school events It’s Business Time 2015 announced How to build an enterprising school New financial education hot topics Entrepreneur Insight with Rod Drury All the winners from the 2013 National Awards www. youngenterprise.org.nz
CONTENTS 3
Inspiring, Educating
Talking about enterprise ¯¯ CEO Terry Shubkin
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& students through
Headline News ¯¯ Sign up now for access to
Transforming
free resources! ¯¯ Breaking News ¯¯ It’s Business Time conference to be held again in 2015 ¯¯ Welcome back Rochelle ¯¯ Ann Babbage wins Fletcher Award for Outstanding Contribution to Enterprise 6
Student Success ¯¯ 2013 National Award Winners
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Feature
enterprise experiences
¯¯ How to build an enterprising school 12
Programme News ¯¯ 2014 Programme and resource preview
16
Entrepreneur Insight ¯¯ Rod Drury
18
International News ¯¯ Sabeto Central School, Fiji – A Financial Education Leader
20
Important Dates
21
The Close
Visit www.enterprisematters.org.nz Subscribe to Enterprise Matters for Free & receive your own copy four times a year
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TALKINGABOUT ENTERPRISE CEO Terry Shubkin
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 Address Young Enterprise Trust, Level 2, iPayroll House, PO Box 25 525, Wellington, NZ
www.youngenterprise.org.nz Art Director Jodi Olsson Publisher Espire Media Po Box 137162, Parnell, Auckland 1151 Enquiries: Phone Richard on 09 522 7257 or email richardl@espiremedia.com
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!
Cover picture: Danielle Watt and Sarah Mount of New Plymouth Girls High School. The Lion Foundation Young Enterprise Company of the Year 2013
H
appy New Year. I hope everyone had a great end to 2013 and a restful break. I know we certainly did at Young Enterprise.
attending the conference. Based on the demand, we have already started planning our next It’s Business Time conference for the end of 2015.
Last year ended on a high note for us and we left for our break both exhilarated
The team here has started the year refreshed and raring to go, and I hope all of the wonderful teachers out there are the same. We are looking forward to an exciting 2014 as we continue on some of our initiatives from last year and introduce some new ones.
and slightly exhausted. While the YES National Awards is always a highlight of the year, it was the success of our It’s Business Time conference and the overwhelmingly positive feedback we received that left us buzzing. I think the best comment I received was a teacher saying that the conference left them so engaged that they didn’t want to go on holiday; they wanted to get straight back into the classroom. The conference was a good chance for us to put into practice what we preach when it comes to creating and implementing your business plan - listen to your clients, identify a need or want, test your idea, consult in the product development, focus on sales & marketing, ensure good delivery of your product or service and then seek customer feedback. We recognise that teachers are critical to what we do, and what we heard was that teachers were looking for professional development. This is where the idea of the It’s Business Time conference came from.
We’ve had a flurry of activity to update existing, and introduce new resources. It doesn’t stop here as we have a plan over the next 18 months of even more new and updated resources. The model we have adopted of using a working party of current practicing teachers to help us write resources is working very well and I am grateful to all the teachers that give up time during school holidays to help us out. The team and I are looking forward to this term as we start to get out visiting schools, teachers and most importantly students. I personally find that seeing the capability of young people leaves me as refreshed as a three week summer break.
In the end, the interest exceeded even our “best case scenario” with 172 people
www. youngenterprise.org.nz
HeadlineNews
Sign up now for access to free resources! We offer all New Zealand teachers free access to a huge range of resources. The resources include teacher’s guides, podcasts, student workbooks and exemplars, and are held in our Resource Centre (resources.youngenterprise.org.nz) You can sign up on our website to access the resources free of charge – all we ask is that you tell us which resources you’d like to use, and how many students will benefit from them.
Breaking News The DairyNZ Get Ahead Challenge is being replaced by a new and exciting challenge which will include all primary industries. Prizes will be bigger and better than ever – stay tuned for more details later in Term 1. www.youngenterprise.org.nz
It’s Business Time conference to be held again in 2015 In December, we ran a free two-day professional development conference for over 170 secondary teachers. ‘It’s Business Time’ was designed for current and prospective Business Studies teachers, and was timed to coincide with the National Awards in Wellington. Feedback from teachers was incredible, with a range of positive comments. •
“Best professional development I have attended.”
•
pleased that they found it worthwhile. The idea of combining speakers from the business world and the teaching community came directly from teachers, and it was extremely successful.
their enterprise endeavours, and is chosen
‘It’s Business Time’ was free for teachers to attend, thanks to the support of BusinessNZ and assistance from Vidcom and Absolutely Positively Wellington.
Education teacher, before retraining as an
Welcome back Rochelle Our training manager, Rochelle Collinson, is back from maternity leave and has put together a great webinar programme for 2014. Details are on page 20 of this issue. You can contact Rochelle at rochelle.collinson@youngenterprise.org.nz
Ann Babbage wins Fletcher Award for Outstanding Contribution to Enterprise
demand from teachers, and we are so
2008. In 2013, Ann helped seven teams complete The Lion Foundation Young Enterprise Scheme and the students certainly recognised the benefits: “We have had a massive year filled with
- Bailey Ross, CEO, Savon – Otago Girls’ High School (The Lion Foundation Young Enterprise Scheme 2013)
speaker, who spoke about how New
This conference was held in response to
Excellence Award for Communication in
life-changing.”
Xero founder Rod Drury as keynote
how to build a sustainable business.
Enterprises who also won the National
Foundation Young Enterprise Scheme were
business community included:
Yellow Brick Road, who spoke about
awards over the years, including Imperial
the skills we received from The Lion
with the audience. Highlights from the
YES alumna Rachel Taulelei from
A number of her teams won regional
as a group and individually… Most of
who shared their teaching methods
•
Young Enterprise Scheme for many years.
learned how to delegate our responsibilities
with current Business Studies teachers
social enterprises.
Ann has taught The Lion Foundation
skills in business and communication and
businesspeople and entrepreneurs, along
opportunities and obligations of
Otago Girls' High School.
has given us…….We have enhanced our
2015. The speakers were a blend of
Volunteer Army, who discussed the
Ann went on to start Business Enterprise at
Lion Foundation Young Enterprise Scheme
Time will be held again in December
Jason Pemberton from the Student
Accounting and Business Studies teacher.
us the real life business experience that The
are pleased to announce that It’s Business
•
the early 1970’s and was originally a Physical
book reading or research would have given
Based on the feedback from delegates, we
rethink our place in the world.
Ann joined Otago Girls' High School in
Savon thinks that no amount of teaching,
get back to the classroom!”
Zealand can use technology to
Young Enterprise Trust.
all sorts of complications and successes.
“It was really inspiring, I don’t want to go on holiday – I just want to
•
each year by the Board and CEO of
Otago teacher Ann Babbage has won the 2013 Sir James Fletcher Award for Outstanding Contribution to Enterprise. Ann was recognised at the Young Enterprise National Awards, which were held in December. The Sir James Fletcher Award for Outstanding Contribution to Enterprise recognises the integral role that teachers play in the development of enterprising young New Zealanders. It is awarded to teachers who have supported students in
Ann received her award from Angus Fletcher, Chairman of The Fletcher Trust. He noted that Ann consistently backs her students to achieve success, while encouraging them right throughout their journey. “Some of the best stories of student achievements and learning experiences have come from her teams that have struggled along the way, overcoming difficulties and insecurities to complete the year.” ● www. youngenterprise.org.nz
StudentSuccess Our 2013 National Awards went off with a bang in December, with a full house in Shed 6 on the Wellington Waterfront.
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Congratulations to all the winners: 1. The Lion Foundation Young Enterprise Scheme – National Title: The Lion Foundation Young Enterprise Scheme Company of the Year and MOVAC Award for High Growth Potential: Exposure, New Plymouth Girls’ High School 2. The Todd Corporation Award for 2nd place and Unitec Award for Excellence in Enterprising Technology: Shepherd, St Thomas of Canterbury College 3. The Todd Corporation Award for 3rd place: ABC Dogs, Pakuranga College
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The Lion Foundation Young Enterprise Scheme – Individual Awards: 4. AUT University Scholar of the Year: Olivia Morgan Mitchell, Sass & Spice, St Mary’s College (Wellington) 5. New Zealand Institute of Chartered Accountants Award for Young Managing Director of the Year: Sian English, Otepoti Products, Columba College (Dunedin)
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The Lion Foundation Young Enterprise Scheme – Company Awards: 6. Award for Excellence in Enterprising Music: Distinctiv Records, Kerikeri High School 7. Award for Excellence in Maori Business: Music Is Our Legacy, Opotiki College 8. BP Award for Excellence in Innovation: Ritual Skincare, ACG Senior College 9. Gallagher Group Award for Excellence in Social Enterprise and Photohigher Award for Excellence in Global Sales & Marketing Planning: OHU, Manurewa High School 10. Global Future Charitable Trust Award for Excellence in Environmental Sustainability: Debonair, Kingsway School 11. MediaWorks Award for Excellence in Sales & Marketing, XERO Award for Innovation in ICT: Liquid Change, Westlake Boys’ High School 12. Ministry of Pacific Island Affairs Award for Excellence in Pasifika Business: Lunches for Less, Aorere College 13. Ministry of Youth Development Award for Commitment: Campbell and Co, Hutt International Boys’ School 14. NZ Aid Award for a product solving a Development Problem: The Cashew Company, Springbank School 15. Start-Up Company of the Year: JEM Enterprise, Wellington East Girls’ College
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3 11 13
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Feature How to build an enterprising school Meg Bartle
In our last issue, we talked to Anne Cooper, principal of Whangarei Girls’ High School about their journey of building an enterprising school. In this issue, we continue the feature, and talk to Enterprise Co-Ordinator, Janet Lang, about enterprise in the classroom.
school curriculum. From there, we came up with a project here at Whangarei Girls’ High called CREATE. The idea was to have all of our Year 9 students take part in a three day business experience that finished with a Market Day, and it was held while seniors were on study leave. The organizing committee was made up of
How did you get involved with enterprise Janet? It started when I got involved in a project called Northland Enterprising Teachers, which took a range
teachers from technology, science, english and maths, so we had a cross-curricular focus right from the start. We did a lot of professional development
of teachers from different subjects and
with our staff so that they understood
brought them together to look at how
what the three days were going to be
enterprise could be integrated into the
like, because all teachers were involved. CREATE marketing
Janet Lang
Initially there were some teachers who were skeptical but they were amazed when they saw how engaged the students were during the three days. Now CREATE is an annual fixture on our calendar that students and teachers look forward to. We ran our first CREATE programme in 2005, and it was so successful that we created a sister programme called CONTRIBUTE the following year for Year 10’s. From there, the growth of enterprise really spread across the school, because teachers could see what was happening in other classes and they started to look at how they could develop that enterprising culture in their own subject areas. Today for example, the music department is looking at creating a radio station that the students will run. Another example came about through our Old Girls Association, who bought a big BBQ that needs a brick frame built to hold it. The Gateway and Technology students are planning to create a frame which is also a pizza oven – they will be using design and engineering
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skills and problem solving as they go. www.youngenterprise.org.nz
Contribute paintings for Hospice
“Students like being given responsibility, they like having the chance to use their initiative, and they want to be doing things while they learn. Having an enterprising culture right across the school enables that to happen without students feeling like they’re doing the same old thing.” How would you describe the concept of enterprising learning? It’s about building capability – developing new skills and building on existing ones. There’s no one easy answer, because
that enterprising way of thinking. At the
without students feeling like they’re
end of the day, all of our teachers want the
doing the same old thing. We don’t ever
same thing – for students to be engaged
want to hear student’s say ‘we’ve done
in their classroom. History has shown us that active learning engages our students.
this before’ and we work hard to make sure that doesn’t happen.
students come from different starting points.
How do you bring enterprise into your junior and senior classrooms? Often it’s just from bouncing ideas around among teachers. Our teachers are fantastic – they’ll get involved in discussions about a colleague’s classroom and then say ‘how can I apply that concept in my class?’ Teachers feel empowered to do that because we’ve got a school culture that says it’s ok to try new things. We’ve built that culture, and built
Do your students get ‘enterprise fatigue’ as they move through the school years? Is it a concept that they tire of? Not from a learning perspective, because the context varies so much according to the subject or project. Students like being given responsibility, they like having the chance to use their initiative, and they want to be doing things while they learn. Having an enterprising culture right across the school enables that to happen
What are the challenges involved with enterprising learning? It initially takes teachers and some students out of their comfort zone. Because there is more of a focus on group work, that makes some teachers a little nervous about how to assess students’ work. I think the assessment is not difficult, and I’m more than happy to give a variety of marks to students who are www. youngenterprise.org.nz
CREATE market
“ We have created a can-do culture in this school, and that’s reflected in our students. Our girls don’t see limitations, they see opportunities”
www.youngenterprise.org.nz
working together. That’s because I work closely with those students and I can see where higher grades are justified.
What kind of support do you give to teachers from other subject areas? One of my roles here at Whangarei Girls’ High is Enterprise Coordinator, and that sits at the same level as my other roles like HOD and Year 13 Dean. Essentially as Enterprise Coordinator I am spreading the good word and helping to coordinate the cross-curricular projects like CREATE. Apart from that, it’s just about having conversations and catchups with staff and helping them to build their capabilities.
How do your students benefit from the schools’ enterprise focus? We have created a can-do culture in this school, and that’s reflected in our students. Our girls don’t see limitations, they see opportunities. They feel comfortable enough within the school to come forward and say ‘can we do this?’ As staff, our first response is ‘How would you do that?’ or ‘What would that look like?’. That gives the students a chance to reflect, and we encourage that self-reflection all the time. Where there are risks, we manage them. It’s a high-trust model – with our CREATE and CONTRIBUTE programmes, the students have the run of the school for
CREATE production
three days. They can be anywhere! We manage that by having staff in key areas like tech rooms and IT labs but they are there as a resource for students to use.
What about teachers – what kind of benefits do they see and how much extra effort is required to make it work successfully? It’s created a very positive school culture, where we build enduring relationships. Our students see their teachers quite differently, as facilitators more than teachers. Yes our teachers do put in a lot of time and effort but that’s reflected in the engagement level which is huge.
What advice would you give to teachers and schools who want to grow enterprise – where should they start? There’s no one magic project or way to grow enterprise – it depends on your school and your community. I remember when we were getting ready for our first CREATE programme, I told the staff that it would be chaos – and it was, but it was productive, engaging chaos. The best thing I can say is be willing to take a risk, because your students will surprise you in the most amazing ways. ●
www. youngenterprise.org.nz
ProgrammeNews
UPDATED – Board Games for learning about money All the financial education board games have updated rules for easier use in the classroom, and redesigned game boards. They are easier to follow, and enhance the learning from, and enjoyment of playing the game.
family holiday in Brisbane by raising $300. They are required to make many financial decisions which have consequences on their ability to reach the savings goal. By moving into the centre of the board, they increase the chance or saving quickly, and the risk of higher expenses, or even losing half their savings! Students keep a cash book
We have introduced a new game, Goal
record as they play. This is aimed at year
300. Students aim to help pay for a
5-8 students.
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www.youngenterprise.org.nz
Totally redesigned is InEX – The budgeting game. The game is all about income and expenses, and budgeting to balance your needs and wants while keeping up a savings plan and making koha/donations. Through three weeks of game play, players also aim to live a ‘balanced life’ and earn happiness points. The happiest player is the winner!
NEW - Financial Education Hot Topics In response to teacher demand for financial education resources to suit year 9-10 students, we have introduced the Financial Education ‘Hot Topics’. These eleven individual modules are designed to improve students financial capability to help them make informed decisions about managing their money while still at school, and to prepare for life after school. Students are taken through a series of activities which reflect everyday money management and increase their ability to earn, keep and spend their money wisely. PLUS: An integrated case study for use in the classroom takes students through a decision making process to increase their financial capability and knowledge.
Start-Up Company of the Year Competition –DETAILS Students taking the Business Studies Achievement Standard AS90842, (Carry out and review a product-based business activity within a classroom context with direction) can enter the Start-Up Company of the Year Competition with very little additional work.
•
A copy of their Business Plan
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A photo of their group carrying out their business activity
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A copy of their Income Statement for Market Day (Actual not Forecast)
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A written review highlighting the success of their business activity and ways to improve the business activity for the future
•
The top three teams from each round will then present to a panel of judges via Skype on Wednesday 29 October to select our overall “Start-Up Company of the Year.”
•
The overall winner will be announced the following day on Thursday 30 October.
•
The winning team (up to a maximum of four students) and their teacher will win an all-expenses paid overnight trip to Wellington on Wednesday 10 December. They will be treated to a “Capital City Experience” during the day and in the evening will attend the Young Enterprise Scheme National Awards dinner to receive their “Start-Up Company of the Year” trophy.
that all work has been completed by the team members. Young Enterprise Trust and a panel of judges will select the best 10 entries from EACH round. •
The top three teams from each round will be chosen as our Excellence Award winners and will be awarded a Certificate of Excellence and $400 worth of gift vouchers.
•
The remaining seven teams from each round will be chosen as our Merit Award winners and will be awarded a Certificate of Merit and $80 worth of gift vouchers.
START-UP COMPETITION You can access the free teaching and student resources for AS 90842 in our resource centre. The competition will run over two separate rounds.
A paragraph outlining why their business should be the national
•
company details and verification
Students will need to submit to us: •
A completed entry form providing
ENTRIES CLOSE
WINNING TEAMS NOTIFIED
winners of the Start-Up
Round 1
Friday 25 July
Friday 8 August
Company of the Year Competition
Round 2
Friday 17 October
Friday 24 October
www. youngenterprise.org.nz
Community Enterprise Competition For 2014, the competition is open to students in two categories, year 7-8 and year 9-10, with prizes for teams recognised at excellence and merit levels.
YEAR 7-8
YEAR 9-10
Excellence
One prize up to $150
Up to three team prizes of $30 per team member, for up to five members per team
Merit
Up to five prizes to a Up to five team of $20 per team member, maximum of $100 at each level for up to five members per team
Closing date for entries
Monday 15 September
Friday 24 October
Develop enterprise and financial capability alongside your regular school events. The common school events that kids love present great opportunities to integrate cross curricular and authentic enterprise and financial education into your teaching. We help you do this! By using the new ‘Pick up and Go’ resources, the students will be engaged in fun, practical and often hands-on activities which provide opportunities to develop enterprising capabilities, attributes and skills. The lessons and activities engage students in different learning styles. In many cases students take on some of the roles traditionally undertaken by adults. For example, in the School Gala resource, the students could be involved in school newsletter production, school radio advertisements, site planning, invitations, PA/DJ systems etc. These resources are easy to use so you don’t need to attend training courses before you can get started. Katrina Day from Rangikura School was one of the teachers to trial the resources. “Never having taught financial literacy, I found this unit a great support as my class prepared for our school gala. It turned what had seemed like busy work
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School Gala – Years 4-8 (released end term 1, 2014)
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Overnight Camp (or day out activity) - Years 1-4 (released end term 1, 2014)
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School Gardens - Years 1-8 (scheduled for release end term 2, 2014)
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School Production - Years 3-8 (scheduled for release term 3, 2014)
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School/Community Project - Years 1-8 (scheduled for release end term 4, 2014)
“Never having taught financial literacy, I found this unit a great support as my class prepared for our school gala. It turned what had seemed like busy work (getting pot plants ready) into a fantastic learning experience for my students.”
(getting pot plants ready) into a fantastic learning experience for my students.” They include resource templates, enterprise glossary, links to useful web and print materials and suggestions for evaluation. They can be modified to suit any year level, and are designed to www.youngenterprise.org.nz
run from between 4 weeks to one term. Our free online webinars will give you a helping hand if needed. The resources are aligned with the New Zealand curriculum, and provide extensive opportunities to teach with
the learning areas, and deliver on the vision, values, principles, and key competencies. All modules will be aligned to the MoE Financial capability progressions of learning. ●
[CARRY OUT, REVIEW
New business studies Achievement Standard resources available for YES teachers for 2014:There are new teaching resources available for you this year, which support the delivery of four Business Studies Achievement Standards (2.4, 2.6, 3.4 and 3.6). The resources include assessment books, student workbooks, exemplars and supporting powerpoints. All of these resources are available free from our Resource Centre. ●
[CARRY OUT, REVIEW
AND REFINE A BUSINE
SS ACTIVIT Y WITHIN
A COMMUNITY CONTEX
T WITH GUIDANCE]
e First Cycle rrying Out th [ Task 2 ] Ca tivity Ac s es sin of the Bu k INSTRUCTIONS as carry out is required to in the of your group vity as planned Each member business acti cycle one of the plan. ss original busine
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□ □
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AND REFINE A BUSINE
□ □ □
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□
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□
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Sales figures and records
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The on will take place
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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
SPONSORS & SUPPORTERS Sponsors & Supporters
Platinum
Gold
Silver
National
Supporters Auckland Chamber of Commerce Baines Trust
Citi
FedEx
Fujitsu
Glenice & John Gallagher Foundation
Kaimira Ventures
Kiwi Income Property Trust
Magpie Media Limited
New Zealand Trade and Enterprise
Ricoh
www. youngenterprise.org.nz
ENTREPRENEURINsIGHT Rod Drury
Rod Drury (left) with YES team Liquid Change, Westlake Boys’ High School, winners of the Xero award for Innovation in ICT, 2013
“Business is fun. Business can be like sport, something that you are really passionate about. It has never felt like work for me www.youngenterprise.org.nz
A
doesn’t do boring. The
Zealander award in 2008, was awarded
company he founded in 2006
New Zealand Herald Business Leader of
accounting industry worldwide. Xero has
as Unlimited Magazine’s Supreme
s CEO of Xero, Rod Drury
is shaking the foundations of the well over 250,000 customers in more than 100 countries around the world who are using the company’s innovative cloud-based accounting software. It is now the highest valued company on the NZX and was valued at more than $5 billion in January this year.
Rod earned a World Class New
the Year in 2012 and in 2013 was named Influencer for 2013 and Ernst and Young Entrepreneur of the Year. Rod is an old boy of Napier Boys High School, and a YES alum. We asked Rod for his advice to young entrepreneurs.
What three tips can you give to
Are you concerned about your
has allowed us to invest $200m to build
future entrepreneurs who are now
business ideas being copied? How do
the platform, and we now employ 600
at school?
you minimise this risk?
people in 14 offices around the world.
1.
Get started, and take baby steps.
2. Build a team with others who can do what you can’t do. 3. Celebrate success. It will encourage you to do bigger things.
Go fast is your best defence. In fact when more people are doing it, it accelerates the industry which is a good thing. Coming up with the ideas, (or copying an idea) is easy. Execution of the business plan and getting out there and selling are the hard part. You have to be good at this.
What are three things students should aim to get out of the YES programme? 1. That business is fun. Business can be like sport, something that you are really passionate about. It has never felt like work for me.
What’s the hardest thing about being
We look for people who have been to University. In a business like ours, ‘nerdy geeks’ are great, we just need them to be able to so consider this as a career option.
an entrepreneur, and what’s the solution to make it easier? If you don’t have capital, it really limits the size of your idea. You should spend time on your business and marketing plan before you make your product, and
there. Look way beyond being an
you need to tell a big story to get people
accountant or a lawyer!
interested in your idea.
develop a diverse range of skills.
new employees?
communicate! We can’t find marketers
2. That there are lots of careers out
3. Use the opportunity to begin to
What do you look for when recruiting
We were able to raise $15m to get started, and have raised $325m so far. This
Any advice for teachers? We are creating a great story here, so use it with your students and encourage them to explore and study what we are doing. The Investor page on the xero.com website, and the xero.com/blog are great resources for you. We love doing tours of the office in wellington for school groups, so give us a call. ● www. youngenterprise.org.nz
INTERNATIONAL NEWS Sabeto Central School, Fiji – A Financial Education Leader
Source: Pacific Financial Inclusion Programme [Nadi, Fiji] November 15, 2013’
around managing the money in one’s pocket presents a valuable opportunity for learning for our students and a means of equipping them to interact positively with the world around them in an everyday context.” Mrs. Sanjana Ram is a Class 8 Teacher
T
he successful implementation
Class 8, with a roll of 240 students. Led
of the Fiji Financial Education
by Head Teacher, Mr. Abhinash Raj, the
(FinED Fiji) Project relies heavily
teaching body of the school has taken
on the teachers who teach these critical
a proactive approach to introducing
life lessons. To witness the passion that
Financial Education (FinEd) in the
drives some of these advocates who are
classroom across a number of class levels.
taking on such an initiative is impressive.
After attending Ministry of Education-led
It is even more inspirational to learn about
training on FinEd for schools across the
how this passion translates into learning
country, the school developed a school
around personal money management and
plan to introducing financial education in
investment in the classroom.
its classrooms in 2013.
Sabeto Central School can be found
Mr. Raj explained the school’s
of the school and the school-appointed FinEd Coordinator for Sabeto Central School. She is also a proud parent of the school with twins in Class 4 and a son in Class 1. Mrs. Ram was the school’s representative to the FinEd teacher training held by the Ministry’s Curriculum Advisory Services in late 2012. After attending the Ministry-led FinEd training, Mrs. Ram returned to Sabeto Central excited about FinEd and its potential in the classroom. With guidance from Class 1 teacher, Mrs. Paulini Tudreu, formerly of
after a 10 minute drive down Sabeto Road,
approach to Financial Education. He
between Nadi and Lautoka. Established
said “Financial Education is transforming
in 1918, the school was recently renamed,
lives of students and their families. The
for her colleagues within the school.
Sabeto Central School and has one
Sabeto Central School family has learnt
This year, in recognizing that Financial
stream of classes from Kindergarten to
a lot through FinEd this year. Education
Education is not a separate subject,
www.youngenterprise.org.nz
Nadi Airport School; a FinEd Champion School, Mrs. Ram held teacher training
Sabeto Central School introduced FinEd in the classroom in English, Mathematics and Social Studies/Science. Mrs. Ram is excited about FinEd especially after observing her students’ and her own children’s enthusiasm for the learning around personal money management and investment. Mrs. Ram acknowledges that there is still scope for improvement in the approach taken to ensure that all FinEd learning outcomes are covered at each class level every year. She noted however, that “As teachers we need to start somewhere. This programme is important to our students. Every day our students and our own children handle money and make money decisions. We must teach them how to manage their money on a daily basis and for the future, how to save, how to spend wisely and how to share – the three of ‘S’ of Financial Education. There is a lot more that we can do to cover the learning outcomes, but we must start somewhere.” This year, Mrs. Ram introduced learning around personal money management in English and Social Science. She indicated that when teaching financial education she observed her children learning best with the hands-on activities that were provided. They especially enjoyed “Aaja’s Letter” a lesson structured around budgeting, cash-flow, saving and financial goals, spending wisely, foreign exchange rates and how to use these for a young boy who is planning to visit his cousin and grandmother who reside overseas. The lesson was delivered as part of Mrs. Ram’s Social Science class, where Mrs. Ram also took the opportunity to teach her students about the world around us and a neighbouring country. She shared the practical experiences by her students and her observations of their use and management of money after learning. After learning about money and
its management, students were noted to be more cautious with how they used their money and where they kept it. This cautiousness has been particularly observed at the school canteen. In addition, children are now noted to be keeping aside money for savings goals. Mrs. Ram noted that in addition several of her students diligently saved small amounts regularly over Term 3, to assist their families with the cost of the class end-of-year excursion to Sigatoka. She added that these students and their
The nationwide implementation means that 197,000 students around the country are now learning about personal money management and investment from Class 1 to Form 6. FinED Fiji does not entail the teaching of a separate subject in the classroom or additional lessons, rather it will involve teaching and learning in existing subjects over a child’s twelve year learning journey in school. FinED Fiji has generated strong interest from the Pacific and worldwide. This groundbreaking initiative is funded by
The nationwide implementation means that 197,000 students around the country are now learning about personal money management and investment from Class 1 to Form 6 experiences with small amounts of money were an inspiration to the teachers. Mrs. Rama credits the dedication of the Head Teacher and the teaching body for their FinEd achievements this year. FinED Fiji Monitors are presently conducting interviews in schools in the 9 Education Districts around Fiji, in order to better understand the implementation experience in these schools after FinED Fiji was rolled out nationally in April this year. The national rollout came after national teacher training held by the Ministry of Education over the period 2012 to 2013.
the Australian Government and is jointly managed by the Ministry of Education and PFIP. PFIP is a joint programme of the United Nations Capital Development Fund (UNCDF) and United Nations Development Programme (UNDP) with additional funding support from the Australian Government and the European Union/Africa, Caribbean and Pacific Microfinance Framework Programme (EU/ACP).
Note: Young Enterprise Trust were contracted to develop teaching resources and deliver PD for the programme. ● www. youngenterprise.org.nz
IMPORTANTDATES
TEACHER PD WEBINARS – TERM 1 All webinars run from 4:15pm – 5:00pm DATE Wednesday 12 March
Monday 17 March
Monday 24 March
Thursday 27 March
Monday 31 March
Monday 7 April
WEBINAR (Click the name to register)
RELEVANT TO PROGRAMME
How to introduce the Primary Enterprise Programme (PrEP) into your school
Primary
E Day is over – what should YES students be doing now?
YES
Mentoring a YES company – guidelines to support new mentors
YES Mentors
How to get PrEP humming in your school understanding and using systems
Primary
YES National Awards - which one has your companies name on it?
Senior Secondary
How to get the most out of the PrEP programme
Primary
TEACHER
STUDENT
1-8
✓
✓
FOR YEAR LEVEL
✓ 12-13
✓
✓
✓
1-8
✓
12-13
1-8
Watch your inbox for your invitations to register for these Webinars, email support@youngenterprise.org.nz detailing which webinar(s) you would like to attend or click on the Webinar name to register.
www.youngenterprise.org.nz
“
THE CLOSE
In order to succeed, your desire for success should be greater than your fear of failure” Bill Cosby
Visit www.youngenterprise.org.nz Subscribe to Enterprise Matters for Free & receive your own copy four times a year www. youngenterprise.org.nz
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