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Life SkillsEntrepreneurshipAges 7–9

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?

Teaching approaches

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1 approach

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If your child 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?

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?

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Check understanding

  • 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
“If your child 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?”

Curriculum record

Type
Procedural
Subject
Life Skills
Domain
Entrepreneurship
Age range
Ages 7–9