M&S started as a small business of market stalls in the Leeds area. From the very beginning of the Penny Bazaars, M&S employees have a long history of supporting and raising money for charity. Could you set up your own Penny Bazaar in School and donate the proceeds to charity? This could perhaps be a whole school project.
You would need to decide what you could sell:
- baked goods
- donated second hand/vintage items (including books and music)
- student artworks
- something else?
How much would you charge? £1 for every item (or just 1 penny?)
Further ideas for KS2-3
- How much would you charge?
- Would you have scaled prices? (Books are 20p, but clothing is £1 for example)
- Would you have discounts? (10% off for school children for example)
You might also need to think about setting up a store team, as you could need:
- a manager and assistant store manager
- a finance officer – to decide on pricing, cash up and report on financial matters
- shop assistants – to sell the items
- display assistants – how will you set out your store?
- designers/marketing officers to promote the store
- buyers – responsible for bringing in the stock
- a customer service officer – to deal with any complaints or returns
What other jobs would need to be done? How many people do you need in each job role?
Could you contact your own local M&S store and tell them what you are planning, is there any way they might be able to help?
Further ideas for KS3
How will you report on the success of the business? You could produce a report which includes how you set up your business, what happened, what your profit was and what you learned in the process. Companies often publish their accounts and annual reports online, you could perhaps do this on your school website.