Creating a Simple Business Plan
Why Planning Matters
A business plan helps you organize your idea and take action. It doesn’t need to be long or perfect. It just needs to help you understand:
- What you’re offering
- Who it’s for
- What it costs
- How you’ll tell people
- What success looks like
Kids who plan are more likely to follow through. It shows others you’re serious, and it builds your confidence.
What Are You Selling?
Start by describing what you’ll offer:
- Product: Something you make or sell (e.g., crafts, treats)
- Service: Something you do (e.g., tutoring, helping with tech)
- Experience: Something people enjoy (e.g., an event, workshop)
Write it clearly: “I will sell…” or “I will offer…” You can also draw it or make a list of versions.
Who Are Your Customers?
Your customers are the people who will use, enjoy, or buy what you offer. Think about:
- Age
- Interests
- Where they are (school, neighborhood, online)
Write a short profile: “My customer is someone who…” This helps you design your offer for the right people.
What Do You Need to Start?
List the materials, space, and people you’ll need:
- Materials: Supplies, tools, or ingredients
- Space: Where you’ll work or sell
- People: Anyone who can help
Then ask: Do I already have this? Can I borrow it? Do I need to buy anything?
How Much Will It Cost?
Add up your basic costs. Then decide how much to charge. Make sure your price is more than your cost—but still fair.
For example:
- Cost to make a bracelet: $2
- Price to sell it: $5
- Profit: $3
You can also try bundle deals or sliding prices. Test your price by asking a few people.
How Will You Promote It?
Think about fun ways to tell people:
- Flyers at school or local spots
- Asking adults to spread the word
- Making a short video
- Showing up at a local event or fair
List your top 2–3 promotional ideas on the map. Be creative, and don’t be afraid to talk about your project.
What’s Your Goal?
A goal gives your plan direction. It can be about money, impact, or fun. Examples:
- Sell 30 items
- Raise money for a cause
- Make 20 people smile
Write your goal on the map so you can track your success.
Use the Business by Kids Map
As you answer each question, fill in the matching section of your map:
- What you’re offering
- Who it’s for
- What you need
- Costs and pricing
- Promotion ideas
- Your goal
Use the AI Assistant if you need help writing, brainstorming, or calculating. Keep your map visible to stay motivated.
Summary Points
- A business plan helps turn your idea into simple steps.
- Define what you’re selling and who it’s for.
- List what you need and figure out your costs.
- Set a fair price that earns a profit.
- Plan a few fun ways to promote your business.
- Set a personal goal that gives you direction.
- Use the Business by Kids Map to bring your plan together.