Life skills // Entrepreneurship
Making a Simple Plan
Before starting a business, making a simple plan: what will I make or do, who will buy it, what do I need, how much will it cost, and what price will I charge?
Quick check
If the learner wanted to run a small business at a school fair, could they write a simple plan covering what they'd sell, what they'd need, and what they'd charge?
Ask this to see whether the topic is secure.
Topic // Mastery
What mastery looks like
- Write or draw a simple business plan covering: product, customer, materials needed, and price
- Identify at least three things they would need before they could start selling
- Explain why planning ahead is better than just starting without thinking
Topic // Map
Where this fits
- RequiredMust come first
- HelpfulHelps, but not essential
Before this
2 topics- Having a Business IdeaRequired
Entrepreneurship // Ages 7 to 9
Must have a business idea before making a plan for it
- Budgeting Pocket MoneyHelpful
Money & Finance // Ages 7 to 9
Cross-domain: budgeting pocket money (Money & Finance) provides planning foundation
You are here
Making a Simple Plan
Ages 7 to 9 // Method
Leads to
4 topics- Costs & RevenueRequired
Entrepreneurship // Ages 7 to 9
Must understand planning before learning about costs and revenue
- Pitching an IdeaRequired
Entrepreneurship // Ages 9 to 11
Must be able to plan a business before pitching it
- Learning from FailureHelpful
Entrepreneurship // Ages 7 to 9
Having planned and tried makes failure a meaningful learning experience
- Teamwork in BusinessHelpful
Entrepreneurship // Ages 7 to 9
Having a plan makes it easier to divide work among a team
Life skills // Entrepreneurship
More in Entrepreneurship
- Being a Good SellerAges 7 to 9ConceptCustomer service, fairness, and honesty in business; keeping promises to customers; why being trustworthy matters for repeat business and reputation
- Marketing BasicsAges 7 to 9ConceptHow people find out about what you're selling; signs, posters, social media, word of mouth; being persuasive; the basics of advertising and promotion
- Ethics in BusinessAges 9 to 11ConceptBeing honest, being fair, treating workers well, not harming the environment; what makes a 'good' business; whether businesses should care about more than…
- Supply ChainsAges 9 to 11ConceptWhere products come from before they reach the customer; raw materials, making, transporting, and selling; the journey of a product from start to finish
- Scaling UpAges 9 to 11ConceptWhat happens when a small business grows; making more products, hiring people, reaching more customers; the challenges and opportunities of scaling
- Real EntrepreneursAges 9 to 11ConceptStories of real entrepreneurs who started young: Mikaila Ulmer (Me & the Bees), Moziah Bridges (Mo's Bows), Cory Nieves (Mr. Cory's Cookies); what makes someone…
- Making Something to SellAges 5 to 7ConceptThe experience of creating a product to sell — a craft, a drawing, baked goods; what makes something worth buying; pride in making something others want
- Who Is a Customer?Ages 5 to 7ConceptUnderstanding that a customer is someone who buys what you make or do; thinking about what customers want and need; the idea that businesses serve people