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Scottish £10 challenge girl Megan is ‘most inspiring pupil’ in enterprise competition

Twelve-year-old Megan Thompson has been crowned ‘the most inspiring individual’ in this year’s Tenner competition.

Megan, a pupil at Castlehill Primary School in Bearsden, won this award in the five to 11 year old category of the contest after using a £10 loan to set up her own business, The Thompson Bakery.

This initiative, which was launched by Young Enterprise Scotland, saw over 25,000 five to nineteen year olds compete with each other to develop their enterprise skills and turn the highest profit in just 31 days.

Megan held bake sales for friends and family and in the local community.

She designed leaflets and flyers and posted them around her neighbourhood and at one point had around 50 people in her parent’s kitchen to pick up her baked goodies.

She also took orders for special birthday and christening cakes and made over 200 cakes throughout May.

In just one month she managed to turn her original £10 loan into a profit of £228.53 and reinvested the money so that she could carry on baking.

Megan said: “I learned such a lot including how important it is to be able to change a plan because things don’t always work out the way you expect.

“Tenner was challenging but good fun.”

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