Valentine's Day Business Stall Challenge
Year 13 Business Studies Group Project - Maximum 4 Students Friday 13th February at Lunchtime
Challenge Overview
Work in groups of maximum 4 students Run a stall for Valentine's Day on Friday 13th February Operate during lunchtime period You'll be relieved from Period 4 to set up Focus on making profit from your chosen products
What Makes a Successful Business?
Think about successful businesses you know What do they have in common? How do they attract customers? What makes people want to buy from them?
Step 1: Choose Your Product
Think Valentine's Day themed Consider your target market (students) What can you make or source affordably? What will students actually buy? Calculate potential profit margins
Product Ideas: High vs Low Profit
{"left":"Homemade cookies and treats\nHandwritten personalized cards\nFriendship bracelets\nSmall potted plants","right":"Pre-made chocolates from shops\nStore-bought cards\nMass-produced gifts\nItems requiring expensive materials"}
Step 2: Calculate Your Costs
List all materials needed Include packaging costs Factor in your time Don't forget the stall setup costs Calculate cost per unit Set your selling price for profit
Profit Calculation Activity
Example: Valentine's cookies Materials cost: $10 for 50 cookies Time: 3 hours preparation Selling price: $1 per cookie Revenue: $50 Profit: $40 Calculate profit margin percentage
Step 3: Plan Your Setup
Tables - request from school office Eye-catching posters and signage Valentine's themed decorations Cash float for making change Storage containers for products Price tags clearly visible
Marketing Wisdom
"People don't buy products, they buy solutions to their problems." - What problem does your Valentine's product solve? - How will you communicate this to customers?
Step 4: Marketing Strategy
Create buzz before the day Use social media (school appropriate) Word of mouth - tell friends Make attractive signage Position your stall strategically Offer bundle deals or discounts
Success Tips & Final Reminders
Arrive early to set up prime location Smile and engage with customers Keep accurate records of sales Have backup products ready Work as a team Count your profits at the end Reflect on what worked and what didn't
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