Scaling Up
What happens when a small business grows; making more products, hiring people, reaching more customers; the challenges and opportunities of scaling
Teaching approaches
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1 approach
Could your child explain what would need to change if their small school-fair business became so popular that lots more people wanted to buy from them?
What happens when a small business grows; making more products, hiring people, reaching more customers; the challenges and opportunities of scaling
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Check understanding
- Describe what 'scaling up' means for a business
- Identify at least two challenges of growing a business (need more money, more people, more materials)
- Explain how a lemonade stand could grow into a bigger business step by step
“Could your child explain what would need to change if their small school-fair business became so popular that lots more people wanted to buy from them?”
Curriculum record
- Type
- Conceptual
- Subject
- Life Skills
- Domain
- Entrepreneurship
- Age range
- Ages 9–11