Trinity Christian School has won a total of $5,000 prize money for their innovative and enterprising efforts in the 2015 $20 Boss Awards.
The awards are the culmination of the in-school challenge which provides students with $20 of start-up money to plan, budget and market their own business idea over a month.
The program has been developed by the Foundation for Young Australians in partnership with the National Australia Bank (NAB)
The school won awards in three categories
Most Enterprising School – Trinity Christian School (Awarded to the school with the highest average profit per student and high levels of student participation as well as a high contribution to their local community).
Social Entrepreneur Award – Lochlan Hollow and Glen Saju for their enterprise Omega Drinks (Awarded to the business creating the greatest social or environmental impact).
Best Business Award – Eliza Robertson, Stefany Djuric, Katelyn Judd and Kara Gray for their enterprise Carnival Delights (Celebrating an outstanding student enterprise with great growth potential, good profits, strong impact in their community, sustainable and strategic ideas and great marketing).
Leigh O’Neill, Executive General Manager Micro and Small Business, said the program has helped young participants gain hands-on experience in skills like project management, budget, planning and business that will kick-start their preparation for the world of work.
“NAB supports $20 Boss because we believe all Australians should have a healthy relationship with money, and we are passionate about the role we can play for Australian businesses.”
“We know that individuals are more likely to build that positive relationship by starting early. $20 Boss gives young people the opportunity to build enterprise skills and entrepreneurial mindsets; and ultimately consider a future where they run their own small business.”
“Small businesses are a vital contributor to the Australian economy and we’re arming these young people with the skills they need to be a part of that.”
FYA CEO Jan Owen AM said $20 Boss was equipping participants with enterprising skills necessary for navigating the jobs of the future.
“FYA’s recent report The New Work Order highlighted the massive changes that are happening to the way we work. It showed us that we need to be equipping young people with a new set of skills so they can thrive in this new work order,” Ms Owen said.
“By partnering with NAB to deliver the $20 Boss we are equipping young people with enterprising skills to be the driving force behind creating real and sustainable social change.
“It’s imperative that education incorporates the principles that will help them to establish themselves as the innovators, creatives and entrepreneurs of the future.”
About the winners
Most Enterprising School – Trinity Christian School
More than 100 year 7 students at Trinity Christian School took part in the 2015 $20 Boss challenge. The program was integrated into their curriculum for Business, English and Humanities. They worked mostly in groups to develop 25 different businesses, with the majority of students securing a profit. Business ideas included home-made jewellery, wooden pens, scented candles and baking. Approximately $900 was donated to local charities including the Starlight Foundation, the Canberra Hospital, Animal Aid and the Clown Doctors.
Social Entrepreneur Award – Lochlan Hollow and Glen Saju for their enterprise Omega Drinks
Lochlan and Glen developed a drinks stall in a bid to keep their fellow students well hydrated throughout the day. The business was a great success, returning a profit of over $160. They were able to make a donation to the local RSPCA.
Best Business Award – Eliza Robertson, Stefany Djuric, Katelyn Judd and Kara Gray for their enterprise Carnival Delights
Home-made carnival food proved hugely popular for Eliza, Stefany, Katelyn and Kara who made a profit of close to $500 in four weeks. The group marketed their ideas with posters around their school and flyers that were sent to family and friends. They also made a donation to the local RSPCA with a portion of their profits.
About small business and NAB
- Small business is hugely important to NAB as a lender, but it is also the lifeblood of Australia. Small businesses play a critical role in the Australian economy:
- The vast majority of businesses in Australia are small businesses (95-97%)
- They employ half of the Australian work force (49%)
- They account for nearly three in ten dollars earned by all businesses (28%)
- As Australia’s largest business bank, NAB views our relationship and engagement with this sector as critical and believe it is unmatched by other financial institutions.
- At NAB, it isn’t just about providing funding for our customers. It’s also about giving the best help, guidance and advice we can to help customers realise their potential.
- In early November 2014, NAB launched a campaign to lend $1 billion a month to Australian business, further reinforcing NAB’s commitment to Australian businesses.
About Foundation for Young Australians (FYA)
FYA is the only national independent non-profit organisation dedicated to all young people in Australia. We believe young people are not a problem to be helped or solved. They are ambitious, creative and capable of rethinking the world and solving tomorrow’s problems today. Delivering a range of initiatives (co)designed with young people, FYA aims to develop the skills, networks and ideas of young Australians so they can create a better future. www.fya.org.au
For media enquiries, please contact Calum Lindsay-Field (FYA) on 0448 706 286 or Nick Meseldzija (NAB) on 0476 805 218