Since 2015 the $20 Boss program has been empowering teachers to facilitate enterprise skills and teach students how to have a positive impact through enterprise.
At FYA we are committed to continuously improving the ways we work with young people through our programs. For this reason, we have undertaken an evaluation of the $20 Boss program to gain an in-depth understanding of teacher and student experiences, and most importantly, what we can do better. Through a series of co-design workshops and school visits, we heard from a diverse range of young people and educators. We have used this feedback to reshape $20 Boss and present the first iteration of the revamped program.
In 2019 you will have the opportunity to deliver the new program content and provide feedback. This will help us to craft a program that best suits user needs in the lead up to its finalisation in 2020.
The previous toolkit will continue to be available across 2019 for those who are already familiar with this format.
$20 Boss participants move through a series of phases designed to promote critical and creative thinking. Within the Problem Space learners identify the problem they are aiming to solve through their social enterprises and the positive impact they are seeking to have in their local communities. The Solution Space is where learners design, prototype and test their innovative product or service ideas, in readiness for business trading.
Enterprise skills are addressed explicitly through program learning experiences. Enterprise skills are:
Key learning phases
The program is organised into phases, e.g. “The Problem Space”and “The Solution Space” to position critical and creative thinking at the forefront of the learning.
Focus on financial capability
Financial capability learning is embedded across different phases of the program. Lesson design addresses social and emotional aspects of financial decision-making in conjunction with knowledge and understanding of financial concepts.
The 2019 program launches with productive learning. In this “Immersion” phase learners:
The updated $20 Boss program content is mapped to Australian Curriculum at a lesson-by-lesson level for years 5-10.
Mapped areas of the curriculum include:
The $20 Boss program is based on insights and recommendations from FYA’s New Work Order report series which identifies that Young Australians need to develop important enterprise skills such as financial literacy, teamwork and entrepreneurship, in order to thrive in a changing world of work.
Schools registered will be eligible to receive $20 of startup capital per registered student. We have limited funds so this is on a first-in-best-dressed basis.
Real money makes the program experience more immersive – and students love it! To support the ongoing growth of the program, the expectation is that students pay back their $20 plus a $1 ‘legacy donation’ at the completion of the program.
Schools also have the option to self-fund the program internally.
Each year, FYA celebrate the genuine impact that young people are making across the country at the annual Unleashed Awards. Students participating in $20 Boss are eligible to apply and will also be considered for $20 Boss State and Territory Awards. The award details are still yet to be finalised but we will keep you in the loop via our FYA newsletter.
The $20 Boss program is designed to be delivered across a school term. We do encourage schools to deliver in terms 1, 2 or 3 to ensure student businesses are prepared to apply for an award in the final few months of the year