TOBBY VISION COMPUTERS INSTITUTE

CAMEROON

ANNUAL REPORT

An update on our business this year

Written by

Amadou Abdukadir, Fatima Kadir, Mbanwe Gykaline, Ayiseh Linda, Mbise Ernestine, Abaah Beatrice , Ngwefor Emeldine, Ngam Sandrine, Che Derick, Akeh Rachel, Nforlem Blake

CORNELIUS TFURNDABI TAWONG

Created as part of the School Enterprise Challenge Awards Programme – Bronze Level

Section A: Executive Summary
Business Name / DOMINION JUICY RESTAURANT
Business Activity / Sale of food and natural juices
Main product / service / Food and natural juices
Our school business social media (Facebook page, blog, Twitter account etc.)
Number of students involved in business implementation activities (including writing this Annual Report) / Boys:4 / Girls:7 / Total:11
Number of students in whole school / Boys:15 / Girls:30 / Total:45
Number of parentsinvolved in our school business
Financial Summary
Period of time covered in this report: 3 months
Our local currency (___) / US Dollars $
Total Income (Actual)
Total Costs (Actual)
Profit (Actual)
Section B:Running Our Business
1.  Here is a summary of what we did to set up and run our business.
Because we have been doing the school business for the past two years, we used profit from the past business added to contributions we had from friends, family and well-wishers to start up the business.
Section C: Use of Profits
2.  Here is an explanation of how we decided what we plan to spend our profits on:
We decided that our profits would to used to purchase a personal computer for the restaurant project, give motivation to students e.g. internet data, transport fair, light bill, cable TV bills, depreciation of equipment etc and the rest re–invested into the business.
Section D: Our Achievements, Challenges and Solutions

3.  These were the 3 biggest challenges we faced when planning/setting up/running our business and the solutions we came up with to overcome them:

a.  Challenge #1: All our students had cooking skills but had never done sale of food as a business.
Solution: We brought in a lady home economics teacher who had worked as chef a restaurant in the biggest hotel in our community to train our team theoritical and practically twice times a week.
b.  Challenge #2: There was a collide between the school periods for lessons and periods for students to work at the restaurant.
Solution: We recruited a permanent trained staff who would be available all through during working hours before being assisted by students at free periods.
c.  Challenge #3: At the beginning, we had so many complaints from customers about our food e.g. like too much salt in food, bad oil used etc.
Solution: We took note on these complaints and put concrete solutions to resolve them.
3.  These are the 3 most important things we learned:
1.  Aspiration
2.  Problem solving
3.  Team work
Section E: Sustainability & Business Development
4.  Our business has a positive impact on the environment and our community because: We are solving the problem of hunger for institutional heads, employers and students in the community.
5.  Our school business has the potential to carry on running sustainably next year and have a positive impact on the local environment and our community. This is our three point action plan of how we will keep it running:
1.  Grow fruits and crops in our school which will increase the profit and reduce the needed capital
2.  We will carry out more market research about food and natural juice sale
3.  Keep Improving on the operational plan to match with the timetables of students involved in the school business.
OR
Our school business does not have the potential to carry on running next year because we cannot make a profit and/or our business is not socially/environmentally sustainable. These are the three biggest lessons we have learned about why our business has not been as successful as we planned AND what we have learned we should do differently next time:
1. 
2. 
3. 

Appendix Section: Students in Action

Please find in this space some evidence that clearly shows our involvement as students in the setting up of our business. You will find 3-5 photos (or if that’s not possible, we will share quotes from participating students).
A photo of the directive board of Tobby Vision Computers during the launching


A photo of us running our business:

A photo of our financial record keeping: Denis Nkeh Ngongho holder bachelor degree in Management, our financial manager doubles as the financial manager at Tobby Vision Computers.

FINANCIAL REPORTING

1. Income (actual)

NAME OF PRODUCT OR SERVICE / QUANTITY / SALES PRICE / SALES INCOME
(Quantity x Sales Price)
Ndole and yam / 10 plates / 400 / 4,000
Rice and stew / 20 plates / 400 / 8,000
Salad / 15 plates / 500 / 7,500
Water fufu and eru / 20 plates / 400 / 8,000
Beans and gateaux / 20 plates / 400 / 8,000
Juices / 25 plates / 500 / 15,500
TOTAL SALES INCOME / 51,000
NAME OF ITEM / QUANTITY / COST PER ITEM / TOTAL COSTS
(Quantity x Cost per Item)
Oil / 5 litres / 1,300 / 6,500
Yams / 1 bucket / 4,000 / 4,000
Bitter leaf / 10 litres / 100 / 1,000
Rice / 5 kilogrames / 400 / 2,000
Spices / Sachets / Lump sum / 500
Green vegetables (Carrots, eggs, lettuce etc) / - / - / 3,750
Water fufu / 20 litres / 250 / 5,000
Eru / 1.5 litres / 300 / 450
Beans / 20 cups / 100 / 2,000
Gateaux / 8 kilograms flower / 400 / 3,200
Fruits: carrots, beetroot, cucumber, orange, lemon etc / - / - / 5,000
TOTAL COSTS / 33,400

3. Profit (actual)

Our Local Currency
TOTAL SALES INCOME / 51,000
TOTAL COSTS / 33,400
PROFIT
(Total Sales Income – Total Costs) / 17,600

This is how we raised the money needed to start our business:

We raised money from the profits of the school business last year and contributions from family, friends and wellwishers.

Additional comments about our finances:

Our teacher Denis Nkeh Ngongho took care of the finances and trained our team on financial record keeping. The financial report above is a daily sample so for three months we took the various samples which were sixty three (63) to calculated our sales, costs and profit.

Our Local Currency used : / XAF
Exchange rate to US Dollars: / 1USD =549.416XAF

STUDENTS’ IMPROVEMENT ON SKILLS

It is important for you, your teacher and for us to reflect on how the Awards Programme has helped you develop your skills. Please ask your teacher to fill in the following sections. ONLY SCHOOLS THAT COMPLETE THIS SECTION WILL BE ELIGIBLE FOR AN AWARD.

1.  After going through the activities to implement your school business do you feel your students...

Please choose ONE option (‘Improved’, ‘Stayed the same’ or ‘Did not improve’) for each row below…. / Did not improve / Stayed the same / Improved
a.  Are more confident speaking in front of other people (e.g. during market research) / Improved
b.  Work better with people with different opinions to theirs / Improved
c.  Have improved their team working ability, e.g. if other team members were struggling they offered support to them / Improved
d.  Are more confident analysing information / Did not improve
e.  Are more able to use their ideas to organise and plan work in order to reach their goals / Improved
f.  Are more able to look at different ways to solve a problem and are more confident in selecting a solution / Improved
g.  Do you feel your students have gained the skills and knowledge to start and run a successful business independently? / Improved
2.  Can you tell us the biggest impact the program has had on a specific student, their family or even yourself?
After working at the restaurant, Mbanwe Gykaline who lives with me can cook very good food now back at home. He now cook water fufu back at home which was not a staple food in his tribe very well after working at the restaurant.
3. Through the school business implementation process, which skills do you think students improved/gained the most (max 3):
Leadership / Communication / Ö / Aspiration
Confidence / Decision making / Other – Please specify:
Ö / Problem solving / Ö / Team work
4. Do you feel the activities helped students improve their performance in other subjects at school? You can choose more than one option.
No / Yes, in Science
Ö / Yes, in Maths / Yes, in Business Studies
Yes, in Writing & Reading / Yes, Other – Please specify:
5. Have the students used the skills learned through the school business implementation outside school?
Ö / Yes / If you answer ‘Yes’, please specify (if possible):
HOW – For example, Have they carried out any business activities:
With WHOM – For example, with their family, other students, etc.:
Playing the American Diversity Lottery for the community members. As you can see in front of the restaurant, there is a white cloth a new business of the students working at the restaurant. They brought the initiative to be inscribing people for the American Diversity Lottery program at a cost of 2,00XAF per entry. They have also set up their small industry with bulbs to catch green grass hoppers at night by the restaurant and sell.
No

CONGRATULATIONS on writing your Annual Report! You have completed Step 3 and the School Enterprise Challenge programme! Submit NOW!

Remember to submit your Annual Report to the School Enterprise Challenge Awards Programme by logging in to your account at: www.schoolenterprisechallenge.org/login

in order to be eligible to receive your Bronze Award.

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