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  1. May 7, 2024 · Here's my full review of the Teen Entrepreneur Toolbox. 4. Proverbial Home Maker’s Family Business Plan Guide. This is such a fun guide that you can fill out with your child, teen, tween, or even the whole family. It includes family business ideas, a sales ledger, an inventory worksheet, and much more.

  2. Sep 25, 2024 · Lemonade Stand. A lemonade stand is a timeless small business idea for kids. Setting up a stand is simple and requires minimal investment—just some lemons, sugar, water, and a bit of creativity. Kids can learn essential skills like budgeting, customer service, and marketing.

  3. Feb 6, 2023 · If your child’s thinking of starting a business, help them prepare by making a business plan. A business plan is not just a tool to attract investors. Or a roadmap to navigate the inevitable ups and downs — as well as the unexpected issues you might encounter along the way. Making a business plan will also help your child see if an idea’s ...

    • Kid Business Plan Example #1: Wig Styling. I put a call out for actual kid business plan examples real kids and teens have filled out, and was SO excited to receive this one from Natalia.
    • Kid Business Plan Example #2: Pet Photography Business. Let’s say your child wants to start up a pet photography business. Problem You Want to Solve: People love their pets – they’re practically family members.
    • Kid Business Plan Example #3: Bean Bag-Making Business. I love to use the business example from my own childhood that my friend and I created: to make and sell bean bags.
  4. Apr 17, 2024 · 6. Write a short paragraph that describes your business idea and goals. As a future business owner, you’ll need to know your business inside and out. You also need to be able to explain it easily to others, so get your business idea down in words. Describe what you will be offering and why your business is a good idea.

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  5. This stage talks about the financial plan or the money-phase. It teaches your kid about business revenue, profit, ongoing expenses, financial projections, and more. Teaching them the difference between revenue and profit is especially important so that they have realistic expectations about the success of the business.

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  7. Aug 7, 2024 · Creating a business plan tailored for kids is an exciting venture that blends education with entrepreneurship. This guide is designed to help young minds understand the basics of business, from identifying a business idea to understanding the market and making financial plans. By simplifying complex concepts and using engaging language, the ...

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