Maths / STEM Project Lesson - Starting a Business (Money Calculations, Using Formulae, Profit)

This is a Maths / STEM project lesson designed around students starting a wholesale business in either the fashion or technology industry. Students will be expected to create a brand, calculate costs and work out profit for their potential business. Feedback from running this lesson in the past has been extremely positive from students, with most excited by the idea of starting their own business, and appreciating the massive role maths would have in this. They will have to make several key decisions including deciding on whether to import or produce and how many products to order based on demand.
Throughout the lesson, students will have to calculate the optimal business model by calculating potential profits based on a given formula. They will also need to carry out several financial calculations, before presenting back to the class.

This was designed for year 10 students, but could be used in other years. The main idea was to promote maths in context, as well as to increase understanding of maths involved in business.