Homework help

suki1001

Or cress, that's quicker.

I think the washing cars is a good idea too.

Buy a pack of fake tatoos and become a tatoo artist at breaktime. 50p per tatoo.

Hire himself out as an errand boy to small business. Collect sandwiches, drop the post off etc.

As a parent, if my child has a sound business plan. I would be happy to invest in that business, if they could show they would make the return. This is what happens in real life. they just replay the outlay to you.

Mrs_Imp

He could borrow the cost of a stamp or a phone call off you (to be repaid at the end of 8 weeks obviously) and try to persuade a stock broker to invest his pound and not charge him fees. If he does it for charity then he's much more likely to get help, as charitable work ticks lots of boxes for companies! Think how impressed his teacher would be if he did manage to invest sucessfully in the stock market!

He could persuade 4 or 5 of his friends to invest with him, then they should have enough together to buy some seeds, pots and compost and grow some plants to sell - herbs maybe. His friends could either help out and get an equal share of the profits, or just invest their money and get a smaller share. If there's any arty person in the class, then they would be ideal to join in, as they could paint the pots and sell them for more money.

dancingfairy

How about buying a bag of Haribo and then splitting it into several 'portions' and then selling each one in a paper cup for say 30p or 50p? I have seen this done at college to make money for a charity and it seemed a good idea.
A raffle? ask a local business/family friend (well anyone) to dontate a box of chocolates/bottle of coke/smellies etc and then have a little raffle?
Organise an event and sell tickets?
Best of Luck
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silly_moo

Sorry to be unhelpful but it's your son's homework and he's meant to show entrepreneurship. Why are you working it all out for him?

escortg3

a friend of mines son did this last year. He had his pound and went to a car boot and told the stalls he had to buy ten items for ten pence each and would they help him.

He had some great things for 10p each. New pair of jeans, Large vase, perfume sets etc.

He listed them all on ebay and amazingly he sold the ten items for a profit of £172.00 after postage.

Funny thing is his mum now rumages at car boots and charity shops buying new items of clothing still with tags on and made enough money to take all the family away for christmas abroad. If only i had the time:rotfl:

maire1

Seems the prom is a big deal to him and his peers, so why not cash in on that somehow? What about pre ordered photography? He could maybe charge for photos, take a deposit, spend the beginning of the event taking photos, then rake it in afterwards with repeat orders from doting families etc? His initial £1 could be used to print ads?

gibson123

He could organise a swap meet, where his friends could come along and swap their computer games etc, he could ask to borrow a classroom for a day and charge entrance fee, the £1 could be used for posters.

suki1001

silly_moo wrote: »

Sorry to be unhelpful but it's your son's homework and he's meant to show entrepreneurship. Why are you working it all out for him?

A true skill of being an entrepreneur, is knowing how to deligate. Many do not know when to let go. If he can get his mum to come up with ideas, then clever him. The skill is in the execution anyway.

LucyLocket

I find bits of this thread slightly baffling.Why is Redbern's suggestion apparently being regarded as unhelpful? Swapping up sounds pretty sensible to me.

How can it be considered wrong of the school to have set this task? Is profit considered an innately immoral concept? Is it considered hypocritical because the school doesn't allow unregulated tuck sales on its premises? How could it safely and sensibly do so?

Why has the OP been told that she shouldn't request ideas on her son's behalf? I agree with Suki .Doesn't every entrepeneur build a support net work to aid maximum understanding of the market place?

There are legal, moral, none food related ways to do this but they are harder to come up with than I thought.

I think the car boot sale idea is a good one, many people are trying to declutter and by the end of the sale may even wish to give items away. The items could then be sold on through ebay, care would need to be taken not to make a loss on postage and packing, ebay fees and paypal fees. The prom photography idea is also useful but the OP's son might find it a llittle embarassing if he would prefer to do something away from the school 'spotlight'. The swap meet sounds great and very ecology / credit crunch friendly!

Car washing, dog walking , weeding gardens, baby sitting might work they all have some degree of risk / responsibility but life is like that. The initial pound could fund an ad in a shop window. As the OPs son has a paper round he may be in a good position to advertise services by popping a flyer through when he delivers the paper. If he is computer literate he could perhaps do paid clickthroughs etc on a parents cash back account? He could also consider offering a service producing party invitations, birth announcement cards etc with a deposit on order to cover the cost of paper / ink.

Good luck OP . I hope your son enjoys this and does well at it :-)