Roecliffe Primary School near Boroughbridge is one of just 500 schools nationwide to take part in the entrepreneurial Fiver Challenge.
As part of the Government pilot, pupils in Years 5 and 6 were given £5 to grow their own business in just two weeks.
The talented young entrepreneurs made £634 profit in the fortnight, creating a whole host of small businesses from elderflower cordial to Tour De France themed cupcakes, carwashes to pizza parties for friends.
Headteacher Kerry Dalton said: “Recent newspaper reports have claimed that many young people are falling short of the standards required for business, suggesting that a structured enterprise education might address this issue.
“We have worked with organisations such as HSBC and PfEG, the Personal Finance Education Group, as part of the mathematics curriculum here at Roecliffe for several years.”
So far, the children have pledged around 80 per cent of their profits to local charities such as the Yorkshire Air Ambulance, Martin House Children’s Hospice, Nuzzlets and the RNLI.
The Fiver Challenge scheme is under way at 500 primary schools across the UK, with 20,000 children running their own businesses.
Previous enterprise events at Roecliffe have included the Dragons’ Den, involving the whole school back in 2011, and in 2012 Key Stage 2 pupils led the ‘Taste The Difference’ taste test challenge, sponsored by PfEG