Seric took part in this years’ Young Enterprise Scotland Tenner Challenge. The Tenner Challenge has been going for a few years now and it is to promote entrepreneurial thinking in school kids. They are encouraged to start a business with £10 and have 1 month to see how much money they can generate, with proceeds going to YES and awards handed out based on their success and ideas. Top achieving groups where making in excess of £2,000. This year it was decided to extend the challenge to businesses and have the kids compete against the best business minds in the country. Our best business minds came up with the idea of a cake sale (mainly because we were hungry during our brain storming session). We used our seed money to buy ingredients for cakes and blagged the use of the industrial kitchens at the Hillington Experience (a highly recommended venue for food, entertainment, team building and corporate training or just a day out with the kids, just stay away from the cakes for the next few days). Under the very patient supervision of Chef Steven we got to work on producing our master pieces. After sweating away all afternoon we walked away with the grand sum of 4 large cakes and a handful of crispy cornflake cakes. No fear, we could slice the cakes and easily charge coffee shop prices of £2.50 a slice. Two of the cakes made it back to the office the next day (the others having been eaten at home!) and those two cakes got eaten in the office, even before the 10am coffee break! The greatest business minds in the country were now at minus £10. I’m not sure if this meant the kids beat us, or if we were beaten by our own greed. A quick whip round from the staff, a company matched donation and the falsification of records, made it looked like we made some money to try and save a little dignity, but in the end there was no competition. Judging by the results of the school kids, I think we can safely say that the next generation of industry in this country is in safe hands.
If you would like to take part in next years’ Tenner Challenge, please contact YES here