Week Three
What to expect from week one
In the first week of the 10X Challenge students will receive £10 and get started with their planning.
What your students will be doing
- Mind mapping possible product or service ideas
- Carrying out market research
- Agreeing on a final product or service idea
- Choosing their student company name
- Setting SMART goals
- Working on their business plan
Resources for week one
10X Framework Students will understand what can and can’t be a 10X business SMART Goals Sheet Students will identify and put down their goals for the 10X Challenge Market Research Survey Template Students will find out more about their customers and what they think about their product/service Top Tips for Sustainability Sustainability in business is key, students will find out how to make a business sustainable 10X Business Plan Using this plan they can find out more about their 10X business 10X Business SWOT AnalysisStudents will identify internal and external factors that impact their business. Additional 10X Business SMART TargetsStudents will learn about SMART targets and have the opportunity to set their own using a company example.
Week one - logo competition
The logo competition will open for submissions from Monday 29th April 2024 and will close on Sunday 5th May 2024 at 12am.