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Future Business Magnates

Points System

Challenge 1

There will be 25 points available for tasks 1 to 4 and a further 30 points for the final task. More information will be provided on the day.

Challenge 2, 3 and 5 

Reports will need to be submitted and points will be awarded based on the following criteria:

  • Research: 20 points max. 2 points for evidence of each relevant research method/source used.

  • Teamwork: 20 points max. Up to 15 points for evidence of successful team working and contributions of team members. 5 points for including meeting agendas, minutes and attendance lists.

  • Creativity and Originality: 30 points max. Up to 10 points for the quality of the presentation of work. Up to 20 points for examples of creativity and originality in your approach to the challenge.

  • Time Management and Planning: 20 points max. 10 points initially awarded to all, with 1 point deducted for each hour after the agreed deadline that the work is delivered. Up to 10 points for evidence of planning.

  • Result: 40 points max. Up to 40 points for overall quality and fitness for purpose in meeting the requirements of the challenge.

Challenge 4

The points will be awarded in four categories as follows:

To be judged during the Challenge Day:

  • 30 points - Cash Quiz
  • 30 points - Cash Workshop
  • 30 points - Dragons' Den

To be submitted and judged following the Challenge Day:

  • 40 points - Annual Budget Plan

Challenge 6

The points will be awarded in four categories as follows:

  • 35 points - Teamwork
  • 35 points - Creativity; what challenge did you find most useful and why?
  • 35 points - Time management; what are the character traits of an entrepreneur?
  • 35 points - Problem solving; what business/other skills have you learned?
  • 35 points - Unique selling point; what would you do differently?
  • 45 points - Presentation skills; why should your business win FBM?