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Be a business owner session

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In this resource from the Construction Youth Trust, students are asked to work with percentage and decimal calculations when exploring the financial accounts of a small business. The materials have been written to help a non-teaching STEM professional to work with students in an educational setting.

The resources comes with a collection of ten student hand outs and comprehensive teacher notes that include a lesson plan with timings, prompts and questions as well as a to-do list for both before and after the session. 

The session aims for students to learn about what it means to be self-employed, and how business owners keep on top of their finances pay tax. The main activity sees students sift through a mock business’ financial documents, including receipts, invoices and bank statements, to work out how much money has made during the course of a financial year. Students will find out the difference between terms such as ‘gross profit’ and ‘net profit’ by making tax and salary calculations, using the company’s takings, through the example of a new painting and decorating business.

The materials were written to help schools address Gatsby Benchmark 5: Encounters with employers and industry employees and Gatsby Benchmark 4: Linking curriculum learning to careers.

 

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Please be aware that resources have been published on the website in the form that they were originally supplied. This means that procedures reflect general practice and standards applicable at the time resources were produced and cannot be assumed to be acceptable today. Website users are fully responsible for ensuring that any activity, including practical work, which they carry out is in accordance with current regulations related to health and safety and that an appropriate risk assessment has been carried out.

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Download all files as a .zip4.24 MB
Subject(s)Careers, Computing, Safety & Security, Mathematics
Tagsn.a
Age14-16
Number of lessons1
Published2020 to date
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URLhttps://www.stem.org.uk/rxgb4k

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