Last week The Dragons came to Summercroft. The children pitched their upcycle product ideas and asked for investments of up to £20 per group from a panel of three somewhat intimidating – but also smiling – dragons, in the Dragons’ Den. The pitches included information about their product (including prototypes), their market research and finances (including projected costs, sales and profit). The Dragons then asked the children questions to ensure they had a clear idea of the group’s intended business plan. The children did a great job in preparing their pitches and trying to put into practice many of the persuasive techniques they had been learning about in English for the previous two weeks. Despite quite a few nerves, the children performed very well and were extremely convincing. The Dragons were most impressed by all the groups. Based on the content and persuasiveness of the pitch The Dragons then revealed how much they were willing to invest in each group. Amazingly, all groups received an investment from The Dragons. Most received a bit less than they had asked for however some groups did receive the full amount they had requested.
The children will now go ahead and put their business plans into action. Products will need to be made and promoted, while also planning the design for their market stalls, all culminating in the Year 5 Market Sale on Tuesday 22nd May at 3.15pm. All systems go!