Homework help

kindle37

Four_leaf_clover wrote: »

Use the pound to buy equipment; card, pens, paint etc to produce a sponsorship form. Decide what people could sponsor him to do, for example a run. He could approach close family, friends and neighbours. Worth a go. I think it is great that schools get children attempting this sort of thing.

Thanks four leaf clover,this is quite a good idea as he loves to keep fit.the school have some new equipment in the gym which he likes to use so we wil consider your idea,or even another sponsder event.

hngrymummy

How strict are they being about the £1?

Yes he could make a sponsorship form and do a sponsored run, but how much did his running trainers cost? How much has the computer cost on which he would write his e-book?

The £1 limit seems a bit of a grey area to be honest. If he's only able to use the £1, then he has a bit of a tricky job ahead of him.

As has already been said, most businesses turn over a loss in their first year, mostly because of the start up costs - eg buying things like the computer and the shoes.

So to make a profit in just 8 weeks from only £1, mostly leaves cheap alcohol, ponzi schemes, and maybe buying a pack of cards for playing poker

CRANKY40

Is he any good at art/sketching?

kindle37

DVardysShadow wrote: »

He could set up a Ponzi scheme and get the other kids to invest.

Funny how the ideas so far are all like the grownups' playground.

Sorry not sure what a ponzi scheme is?

kindle37

hngrymummy wrote: »

How strict are they being about the £1?

Yes he could make a sponsorship form and do a sponsored run, but how much did his running trainers cost? How much has the computer cost on which he would write his e-book?

The £1 limit seems a bit of a grey area to be honest. If he's only able to use the £1, then he has a bit of a tricky job ahead of him.

As has already been said, most businesses turn over a loss in their first year, mostly because of the start up costs - eg buying things like the computer and the shoes.

So to make a profit in just 8 weeks from only £1, mostly leaves cheap alcohol, ponzi schemes, and maybe buying a pack of cards for playing poker

They are only 14/15 so unless I am really old fashioned alcohol and poker are out of the question!i would really rather keep this to tasks that are age related I don,t want to posting complaints that he has been suspended from school next week?

kindle37

CRANKY40 wrote: »

Is he any good at art/sketching?

Unfortunately not,not a hands on kind of person,what did you have in mind?

CRANKY40

kindle37 wrote: »

Unfortunately not,not a hands on kind of person,what did you have in mind?

He might have asked people if he could draw them something, with 50% of the proceeds going to charity. If he bought a small blank notebook and a pencil with his £1 and charged 20p per drawing he would make some money. I don't mean works of art... I mean things like draw a pig, draw a snake, draw my dog. Daft things but amusing if he explains to people why he's doing it. He can offer to sign them so that when he's the next Richard Branson, they have an original item.

kindle37

There_Goes_Trouble wrote: »

I would buy something from the charity shop and sell it on eBay, with the profit going back to the charity shop.

My family and I did a similar thing for fun last year, we had up to £5 to spend at a May Day car boot sale, then had till the end of the month to sell. The winner was the one who made the most profit. I made a tacky trophy out of an old plate for the winner and the profit went to the winners choice of charity. (most people made a donation too, especially the people who made a loss!!)

The winner was my Dad who made a £15 profit, basically because he bought his items with a buyer in mind, he knew someone who collected frog ornaments so when he saw some he took a risk and bought them.

ETA I think four leaf clovers idea is fab!

I made £2.60 profit. My sister came last as none of her stuff sold so £5 loss.

We used eBay, car boot sales, sold to friends etc. (selling to those taking part was not allowed.)

What I learned was, don't buy things I liked, but things that others would like and that would sell. Research the market, have a look on ebay and see what is selling and what has no bids.

E.g don't buy a particular toy because you like it, but toys that are popular and others will want. Go for a wander round the charity shops with a smart phone so you can look things up on ebay before you buy. Be prepared to do a lot of browsing to find the right item, especially with only £1 to spend. Look at things you're not normally interested in e.g china, ornaments etc.

ETA I think four leaf clovers idea is fab!

He thinks this is a great idea as it away from school,did,nt want to do anything at school in case people made fun,wil look out for a local car boot.

Owain_Moneysaver

buy some seeds, get some yoghurt pots, 8 weeks later should have some herb plants that can sell for at least £1 each.

http://www.profitableplants.com/profitable-herb-growing-secrets/
http://www.herbsociety.org.uk/schools/index.htm

gingin_2

Tesco do value fairy cakes, I think 12 for 60p but they look home made under the icing. Make up a bit of icing and buy a bag of sweets and cover ( tesco do bages of jelly sweets for 38p). Sell them for 30p each and you have turned £1 into £3.60. Keep doing that until people get bored of them!