Hello from 5N

During Numeracy this term, 5N recreated the TV program, Shark Tank.

Shark Tank is a reality television show where entrepreneurs present their product ideas, to a panel of wealthy investors known as “Sharks.” The aim is to convince the Sharks to invest money in their business in exchange for a percentage of ownership.

Each entrepreneur explains their product, describes how their business operates, and states how much money they want. For example, they might ask for $100,000 in exchange for 10% ownership of their company.

The Sharks ask questions about the business, including its sales, profits, costs, competition, and future potential. They use this information to decide whether the business is worth investing in. Entrepreneurs must demonstrate that their business has potential to grow and make a profit.

The students worked in pairs or threes to design their own product, calculate unit and selling prices as well as net profits. They then pitched their slide shows to the class. Each pitch had 4 sharks that they were trying to convince to invest in their product.

It was lots of fun. Below are some examples of the products groups designed.