Teen Tenner Tycoons

The aspiring entrepreneurs are taking part in Tenner Tycoon, a competition which sees pupils from seven secondary schools in Liverpool and Sefton attempt to turn £10 into a wad of cash!

On Monday (16 November), four teenagers from the schools will be given £10 each and encouraged to put their business heads on to come up with ways to invest the money and increase its value. 

They have ten days to make the most of their money and the youngsters can do anything from holding raffles, cake sales or maybe even hosting a fayre where they benefit from the profits. 

The event has been arranged by Stepclever who want to encourage youngsters to hone their business skills.

Stepclever Project Manager, John Anderson, said: “Tycoon Tenner is a great way for young people to learn the value of money and at the same time develop their entrepreneurial skills.

“This is the second?? year we’ve held the event and it’s wonderful to see the pupils work as a team and come up with creative ways in which to increase their cash.

“I’m sure this year will be just as competitive as last year and we’re going to see the next generation of the city’s business talent.”

The group of children who make the most money will be in with the chance of winning an ipod Touch, and all the schools get to keep the money their team makes.

Last year Alsop High School in Walton scooped the top prize when they turned their £40 into a whopping £1,047.36.  They grew their money through a Golden Ticket competition where they encouraged every form in the school to pay £25 to be entered into a draw where they could be in with a chance of winning fantastic prizes paid for by the staff, including a Nintendo Wii, ipods and vouchers.

Enterprise Co-ordinator at Alsop High School, Caroline Williams, said: “Tenner Tycoon is a fantastic event and last year the whole school got involved in coming up with brilliant ideas on how to make money.

“Not only did it get our pupils thinking about enterprise, but it was also brilliant for their confidence and it wasn’t any surprise that we raised so much money.

“We’re going to try and scoop first prize again this year but I’m not giving anything away as to how we’re going to do it as we don’t want the competition to find out!”

The schools taking part this year are:

Alsop High School

Notre Dame Catholic College

North Liverpool Academy

Hillside High School

Savio Salesian College

St. George of England High School

St. Wilfrids High School

All the school are Stepclever schools and receive funding every year to invest in initiatives which are focused on enterprise.

Listen out on Juice FM breakfast show on Friday 27^th November to hear the winner announced!