Third Grade · History · week 34

Kid business plan

Draft a simple business plan for a pretend kid-run business, including the product or service, materials cost, price, and a basic profit calculation.

A business plan answers a few key questions before you ever open for business: what will you sell, a good or a service; what will it cost YOU to make or provide it; what price will you charge customers; and who are your customers.

Profit is what is left over after you subtract your cost from what you earn in sales: profit equals money earned minus cost. To make any profit at all, your price has to be higher than what it costs you to make or provide your product.

📋 For the teacher
Teach it (10–15 min):
  • Help your child pick a realistic, simple pretend product or service -- a lemonade stand, dog-walking, or friendship bracelets all work well.
  • Work out a real, simple cost and price together, then do the profit subtraction as real math practice.
  • Ask who the customers would realistically be, and why they would want to buy this specific product or service.
  • Keep the numbers small and simple; understanding the plan matters more than a complicated calculation.
Talk about it:
  • What product or service did you choose for your pretend business, and why?
  • How did you decide on your price?
  • What would you do with the profit if this were a real business?

Mastery looks like: They complete a business plan with a product, cost, price, and correct profit calculation.

Common stumbles: Setting a price lower than or equal to the cost, which would earn no real profit.

Homework for this lessonType it, write it with a stylus, or print it for pencil & paper.open →
Records attendance + 15 min of History for this learner.
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