simple business plan for kids

3 Kid Business Plan Examples (Real Ones!)

By: Author Amanda L. Grossman

Posted on Last updated: May 8, 2024

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Need some examples to show kids and teens how to create a business plan? Kid business plan examples + a free template to create your own.

Teaching kids and teens to make a business plan?

It’s helpful to have some kid business plan examples to show the kids and teens who will be creating their very own (usually for the first time).

I happen to have created a kid business plan template – the Solid Gold Biz Plan.

So, I’m going to use that and two of the kid business ideas I came up with here, to show you kid business plan examples.

First up, let’s look at what a kid business plan needs to cover.

Teaching Kids to Make a Business Plan

Each business plan looks a bit different, but if you’re teaching kids about making one?

You’ll want to make sure these bases are covered:

• The problem you want to solve
• The ONE idea you’re going to create to solve it (product or service)
• Who you will target to buy your product/service
• How you’re going to tell that target audience about your product/service (marketing)
• How you’ll price your product service (combination of estimating your cost to create/maintain/deliver your product/service, what the competition is charging for a similar or same product/service, and what your customer can pay)

Now, let’s head into some kid business plan examples.

Kid Business Plan Example #1: Wig Styling

I put a call out for actual kid business plan examples that real kids and teens have filled out, and was SO excited to receive this one from Natalia.

Sixteen-year-old Natalia has wanted to sell styled wigs for 2-3 years and was given the opportunity to fill out a business plan at her school (love that!).

Her mother says,

“My daughter started cosplaying when she was about 12-13. Harley Quinn from Suicide Squad started it all! We started going to “comicons” and Animethons in our area, and she was HOOKED! She developed a passion for styling her own wigs because when they arrive/or are store bought, there is little detail. Natalia is a stickler for the finest details when it comes to wigs for characters. She's very precise.”

Her parents bought her some salon-quality cutting tools, and Natalia taught herself some unique techniques in styling.

She shares her idea + marketing work below.

Business Idea : Natalia wants to commission wigs, and has mostly done this for conventions and cosplay so far.  She’s even sold a couple already!

Marketing : Natalia wants to focus on cosplay stage play, and teens to adults at the moment. Her strategy to find these clients is through Amazon or Facebook – all online.

Pricing and Profit : Natalia has not nailed down her pricing yet (this will come with experience). She works for either a flat rate, or by the hour right now. Her average cost for materials is $80, and she sells the wig for $120. This means her profit is right around $40. This is a profit margin of 33.33% ($40/$120 * 100). Her plan is to invest most of this back into the business until she starts getting steady income from it. 

Alright! Let’s go to the next business plan example.

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. They want to have photos of them in real life to both print out for their home and to post on social media networks like Facebook and Instagram. But it’s hard to take your own photos of yourself playing with your dog or to take animal photos at all (since they move) especially if you haven’t got the photography skills.

Your Target Client : Pet owners who feel like their pet is part of their family, or pet owners who like to spend extra money on their pets

How to tell the target Client about your product/service (marketing) : I can hang out at the local dog park and hand out my business card with the services printed on the back. I can also talk to a few pet sitters that I know, to see if they will help to spread the word.

Estimate cost of creating/maintaining/delivering this product/service :

• I don’t know of any competitors – everyone takes photos of people, not people with their pets. Local photographers charge around $150 for a portrait package with kids and teens.
• I don’t have a lot of experience with this, but am in the middle of a photography class at school.
• To get my first few clients and start getting experience, I am going to charge just $35 for a 30-minute pet photography session at the local dog park.
• I’ll also offer an “upsell” of any public location they’d like (within a 20-mile radius of my house), for just $15 more.
• As my experience grows and as the referrals start to come in, I’ll raise my prices.

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.

We didn’t fill out a business plan at the time (only 1 of the 1,327 mistakes we made – haha!), but if we had, it would’ve looked something like this:

Problem We Want to Solve : Kids get bored, and they might like a bean bag to play with.

Hint: this was one of the biggest problems with creating this product – it was really solving our own problem of trying to come up with something to do. We were bored, and my friend’s mother suggested we do this! Not only that, but we thought we could earn a quick buck).

Your Target Client : Kids.

How to tell the target Client about your product/service (marketing) : through yard sales

Hint: it was summertime when we started this, and our only avenue to sell was through a yard sale.

To create our product, we have to have:

• Needle and thread (yes…we were making them by hand!)

We can create one bean bag for around $0.05. We will sell our bean bags for $1.00.

I hope you found these kid business plan examples useful, and I'll be adding to them as I go. In fact, if your students or child/teen has a business plan example that they wouldn't mind sharing? Go ahead and email me so that I can add it into this article. That'll help others trying to fill out their own business plan!

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Home » Teens

Business Plan Templates for Teens

If you want to launch a business, you have to have a plan! Here are some templates to help you get started.

The key to any successful business is to have a plan before getting started. Mapping out the business details is instrumental in determining if this idea is worth pursuing, which can save a lot of time and resources that could be used towards a different business that would be better suited for you and your business needs and wants. 

What To Include In a Business Plan

The point of a business plan is to outline your business strategy and plan your business out on paper. As your business grows and you are looking at expansion options, lenders will want a well-defined business plan to help them determine if lending to your business is the best option. When looking at business plan template packages for teens, you are looking for business plan templates that will help you transition your business ideas to full-fledged businesses that will help adults see the vision. 

The 7 parts of a business plan include:

• Executive Summary
• Business Description
• Products and Services
• Market Analysis
• Strategy and Implementation of Strategy
• Organizational Structure and Management Team
• Financial Plan and Future Projections

Best Business Plan Templates for Teenagers

Bizkids’ guide to writing a business plan.

This resource helps define the business idea and determine what to charge for the products and services that you want to offer. Learn how to evaluate your competition and what they are doing with their brand to bring value to their customers to figure out ways to make your brand unique so you can stand out in the marketplace. Determine what resources you need to build your business and how much those resources will cost you. Are there ways to bootstrap the company to make startup costs cheaper? Learn about breakeven costs and how many units you have to sell before you start making a profit with your business idea.

Teen Entrepreneur Toolbox: The Small-Business Guide for Teens

This toolbox provides 8 easy to follow, actionable steps to help teens evaluate whether or not their business idea is feasible for them to start and how to go about getting started. If you don’t currently have an idea for what business to start, this provides ideas and how to get started with them! Real teens share real business experiences and advice from their own journey, which can help you avoid making common business mistakes that will decrease your learning curve and get motivation and encouragement from teens that have faced similar challenges while building their businesses. Learn about marketing techniques that work, how to provide top-notch customer service, money management of profits, and goal setting for future growth. 

Home Sweet Road’s My Business Plan

This one-page business plan is free and easily downloadable. It can be printed out and hung on the wall for easy reference. The questions asked in this document are thought-provoking and help teens determine who the target audience is for their products and services. Defining the target audience will help establish a solid marketing plan that conveys the value of the product offering while making sure that the customer’s needs are being met. Customers want to buy from businesses that understand their needs and provide an ideal solution.

Proverbial Homemaker’s Family Business Plan Guide

Families can work together to build a business that kids and teens can run themselves and are passionate about running using this comprehensive business template and associated resources. Consider first why you want to start a business and why you are choosing THIS specific business. Understanding the reason for selecting that business idea builds confidence and helps maintain the passion for the company as time goes on. Create a monetary budget based on projected profits and figure out what price is best to charge for your products and services to secure sales from your target market. Set goals and manage your time, then figure out what laws are applicable for your business venture.

Learn how to conduct market research to see if there is a need for the services you want to provide before starting by conducting surveys or soft test launches. Find out where to source materials to make products and how much that will cost.  

Boss Club Kid Entrepreneur Kit

This kit is literally a business in a box, so kids and teens can get started right away as soon as they have it in their hands! Choose your kit and create the following businesses:

• Homemade dog treats
• Specialty cake pops
• Luxury bath bombs
• Delicious fudge
• Handmade soaps

If you are homeschooling, this kit counts as a homeschooling resource that you can receive credit for completing, which is a fantastic additional perk of using this tool. The intended audience is kids and teens ages 11-18, and provides over 100 videos with step-by-step instructions on how to set up and grow a business from the ground up. So far, over 100 schools across the United States are using this option for their students to learn how to set up a business that they are passionate about running. Getting teens started young on their entrepreneurial journey has been found to build self-esteem and teach decision-making early on that helps young adults make solid decisions in their lives as they mature. The benefit of this specific program is that it was created by entrepreneurs for entrepreneurs and not created by scholars that don’t have practical business knowledge. There is a quiz on their website that takes 30 seconds and helps you decide what business is best for your needs. 

Small Business Administration

This is a great government resource for teens who want to learn about business for free and about what resources are available from the government, such as loans and business coaching from experienced business owners in your community. There is no absolute right or wrong way to write a business plan in business, and you can choose how your business will run or how much money you need to start it. This resource allows you to walk through your business idea and plan with an experienced business owner that can talk through the pros and cons of what you feel is the next step for your business, from expansion to new investors to additional product offerings. This resource offers two different business plan templates that walk you through example business plans.

Solid Gold Biz Plan

This free business plan template from Money Prodigy discusses the author’s mistakes during her first 7 years in business and provides insights into how she would have conducted her business affairs differently if she had to start over again knowing what she knows now. The primary goal of this template is to find a problem that your business will solve. Many new entrepreneurs focus on the product or service but not on the problem it will solve in the marketplace. The goal should be to identify the problem and then develop the solution that will be offered as a product or service by your company. After determining the primary problem, she focuses on how to best deliver the solution and how much it will cost to maintain the delivery of the product or service. 

Shark Tank Lessons in Business and Entrepreneurship from Scholastic

A free lesson plan with a teacher’s guide that can be used in a group setting or as a family! Topics covered include entrepreneurship basics, writing an effective business plan, crafting persuasive pitches for investment presentations, and how to find a great business mentor. The target age group is grades 6 to 12.

Shark Tank Marketing Plan

A worksheet template that focuses on the target demographic for your business and the motivation that that demographic would have to buy a product or service that you are offering so you can establish the best way to market to them. Games are encouraged with this marketing package because this helps draw out ideas in fun ways that promote creativity and growth. Business is about finding creative solutions to problems and pivoting the company into new arenas when it becomes necessary for growth. Keeping an active marketing plan up to date as the business grows is key to expanding when necessary or finding innovative ways to keep customers engaged with your brand. 

Shark Tank Analysis Worksheet

Use this worksheet when evaluating businesses to learn what investors are looking for when assessing whether or not to invest in a business. Understanding what investors are looking for in a management team, mission, vision, product/service, research and development, and strategic implementation will help you create that within your own business to make your foundation strong.

A strong business plan that is well defined will take even the novice entrepreneur to the expert level of business in no time with the proper preparation. Using a business plan template in areas of planning, marketing, product development, and strategy will assist in building a business that can be bootstrapped and stood up quickly to test the business out in ways that require little startup capital.

Related Reading

• Entrepreneurship for teens
• Teen entrepreneurs’ guide to money management
• How to earn money for teens

• For example, you might already know that you want to make bracelets and sell them at a neighborhood market. Or you may just write down that you enjoy dogs, playing the piano, or drawing.

• Once you've decided on a product or service, consider if you’re mainly interested in making money with the business or whether you'd be happier treating it like a hobby.

• You may be able to buy some simpler materials on your own if you have a little money to work with. For example, if you want to make bracelets, you can start by buying some beads and jewelry wire at a craft store.
• If you need larger equipment, such as a lawn mower, talk with an adult about borrowing or renting the machine.

• For example, sell homemade candles at your town's weekly market. To advertise your landscaping business, you might leave door-hanging flyers in your neighborhood.

• Depending on how old you are, you might need your parents’ help to set up and run your online accounts.
• For example, if you baked a cake for someone's birthday party, ask the customer if you can share a photo of the cake at the party.
• Think about incentives you can offer customers. For example, offer a slight discount if they sign up for a regular service instead of a one-time service.
• You can also reach customers all over the world by running at least part of your business online !

• For example, take an itemized list of your business costs to your parents and tell them exactly how much money you need to start up. Offer to use some of your own money or give them control over certain business aspects, such as marketing.
• For example, if you're running a craft booth, list the fee for renting the space, the cost of tables or a tent, and the costs for your materials.

• Building a customer base
• Selling your product or service in a new venue or area
• Getting new investors
• Getting good reviews from customers

Setting up a Legal Business

• Run an online search for the business name so you can see if someone already has that business name in your area. If someone already has that name, then you can create a new name that fits your business.
• If you want, make an eye-catching logo with your business name. Include a slogan or motto to make it even more memorable.

• If you're unsure of what's required to set up a legal business, contact a local small business association and ask for guidance. Check local community centers or do an online search for small business associations in your city.

• For example, if you made $825 and spent $200, you'd have to pay taxes because you earned $625.
• You may want to set aside 10 to 15% of your income so you're prepared to pay any taxes you might owe.
• Tax laws vary from one place to another. If you live outside the U.S., check your local laws to find out if you need to pay taxes on your business.

• Ask your customers to leave reviews online to help spread the word about your business.

• For example, if you haven't been able to turn a profit after 2 weeks, give yourself more time or set a goal of getting 2 new customers instead.
• If you came close to meeting a financial goal, try setting a few smaller goals that will help you achieve it.

Community Q&A

• Make a few high-quality products, rather than many sloppy ones. Thanks Helpful 9 Not Helpful 3
• Make sure the price you charge for your product is higher than the amount you paid to create it. That way you will earn money and not lose it. Thanks Helpful 13 Not Helpful 0
• You can also work with a business partner, such as a friend or family member. Thanks Helpful 11 Not Helpful 0

Tips from our Readers

• You can easily start your own business in your driveway. Just make sure to put up signs so people know what you're doing, and check your local laws to see if you need a permit or license before selling.
• Practice running your business with your family first. They can give you tips on how to improve your selling skills, plus give you referrals so your initial launch is successful.
• Decide your target consumers before you start! If you are targeting kids, make your fliers bright and colourful. If you are targeting adults, make it simpler and more elegant.
• Surround yourself with a team that is as interested in your business as you are. That way, you'll work well together and everyone will pull their weight.
• Ask your mom or dad to help spread your business around. If you're starting a babysitting business, for example, your parents can tell other adults.
• Be polite with the customers who say no. Even if they are rude, you could say, "I understand. Thanks anyway!" or "Okay, thank you for your time!"
• If you're close with anyone who owns a physical store, ask them if you can sell your goods there.

You Might Also Like

• ↑ https://www.entrepreneur.com/article/276753
• ↑ https://www.inc.com/colleen-debaise/how-to-come-up-with-brilliant-business-idea.html
• ↑ https://www.businessnewsdaily.com/10278-legal-business-tips-for-kids.html
• ↑ https://hbr.org/2016/01/why-i-challenged-my-kids-to-start-companies-before-college

About This Article

To start a business as a kid, start by thinking of a product or service to sell, like selling homemade cookies. Once you have an idea, make a list of the materials and equipment you’ll need, such as baking pans and ingredients for your cookies. Next, find a place to sell your products, like a booth or stall at a local market. Then, get the word out about your business by making colorful fliers and asking local shops or community centers to display them. For tips on how to create a website for your business, read on! Did this summary help you? Yes No

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Parenthood , Printables

Free Printable Business Planning Kit for Kids

My second grader has an entrepreneurial streak. I want to encourage her to develop her ideas, and to think like a business owner. Even if her idea doesn’t come into fruition, who’s to say the next (or thousand) ideas later won’t be a success? Everyone has to start somewhere, right? And so, The Business Planning Kit for Kids was born!

I found limited resources aimed at kids to help guide and organize their thoughts when it comes to starting their own business. I get it, there’s probably not a huge market for it. So, I decided to take matters into my own hands and developed my own materials. Now, you may be thinking, what business do I have, making a business planning kit for kids? I don’t have a business degree. I do have a small business (not this blog, but maybe someday!) But this isn’t meant to be a serious endeavor, although it could be a good start to one. Mostly, I thought it would be a fun exercise for her to fill out the worksheets and really consider what it would take to make her idea real. 

The Business Planning Kit for Kids has an introduction, a page for brainstorming ideas, expense list, and glossary. But the meat of the document is the 4-page business plan itself. It asks all the basic who/what/where/when/why and how questions using terms kids can understand, with generous space to write their response. 

Knowing I struggled to find a good document to help my child think through her idea, I want to help other parents and share my Business Planning Kit for Kids with you all! Download it free today for personal use; all you have to do is subscribe to my email list on the sidebar of your screen. (I’m only planning on sending emails periodically for big announcements. No spam!) Once you sign up, you’ll receive an email with instructions and the password that will give you immediate access. Be sure to check your spam and other email tabs, and if you still don’t receive it within a few minutes, send me a comment and I’ll take care of it!

All I ask is that you please not post this document to other blogs and websites, nor may you sell it. Instead, please link back to this site. (Many thanks to you all in advance!) And just to be clear, teachers , you are welcome to use my document if you think it will be useful and educational for your class!

I’d love to hear how you’ve used it! Leave a comment and let me know how your child responded, and if you have any suggestions to improve it. I’ll post an update on this business venture when (if?) there’s progress to report!

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Free Printable Kids Business Planner

Free Printables , Kids Activities

Help your child get started with their own business with this free printable kids business planner!

While on a recent road trip , we were talking about business ideas with the kids. Of course, the traditional lemonade stand came up. Even with that simple business idea, the kids were surprised to learn that they would need to actually pay for supplies which would come out of their profit.

We also discussed ways to increase the value of lemonade, like in the book What Should Danny Do when they sell a super-power with the lemonade. Overall, that one discussion opened up a learning opportunity for our kids to learn about what all goes into the running of a business and the financial side of it.

With that in mind, I would love to share with kids business planner with you! Keep reading and scroll to the bottom to download the PDF. This free downloadable PDF will help your kids plan their first business and get organized.

What’s Included in the Free Printable Kids Business Planner

Inside this free PDF planner you’ll find the following pages:

• Business Plan
• Financial Plan
• Budget Tracker
• Sales Tracker
• Spend Tracker
• Customer Information
• Business Needs
• Savings Plan
• Price & Earnings
• Marketing Plan
• Service Business Ideas
• Product Business Ideas

Kids Business Ideas

Here are some ideas for kids’ businesses:

Service-Based Businesses for Kids to Start:

Starting a service-based business can be a great way for kids to learn entrepreneurial skills and earn money. Here are some ideas for service-based businesses that kids can start:

• Tutoring : Offering tutoring services in subjects they excel in, such as math, reading, or a musical instrument.
• Pet Sitting or Dog Walking : Taking care of pets while their owners are at work or on vacation.
• Babysitting : Providing childcare services for neighbors or family friends.
• Yard Work : Offering to mow lawns, weed gardens, or rake leaves.
• House Cleaning : Helping with basic cleaning tasks like vacuuming, dusting, and organizing.
• Car Washing : Washing cars in the neighborhood.
• Tech Support : Helping with basic tech problems like setting up devices or troubleshooting.
• Party or Event Assistance : Assisting with setting up decorations, serving food, or entertaining guests at parties.
• Craft Workshops : Teaching other kids how to make crafts or artwork.
• Gardening : Helping with planting, watering, and maintaining gardens.
• Errand Running : Running errands for elderly neighbors or busy families.
• Language Practice : Offering language conversation practice for younger kids learning a new language.
• Baking or Cooking : Selling baked goods or homemade meals to neighbors.
• Photography : Taking photos at events or for family portraits.
• Music Lessons : Teaching basic music lessons for instruments they are proficient in.

These businesses can be tailored to the skills and interests of the child, and they can start small, potentially growing into more comprehensive services over time. It’s important for kids to understand any local regulations or permits needed, as well as to prioritize safety and responsibility in their entrepreneurial ventures.

Product-Based Businesses for Kids to Start:

Starting a product-based business can be an exciting way for kids to explore creativity, learn about entrepreneurship, and earn money. Here are some product-based business ideas that kids can consider starting:

• Handmade Jewelry : Creating and selling bracelets, necklaces, or earrings using beads, strings, or other materials.
• Artwork : Selling original paintings, drawings, or crafts at local markets or online.
• Homemade Candles : Making and selling candles in different scents and designs.
• Bath Bombs and Soap : Creating bath bombs, soaps, or body scrubs with safe and natural ingredients.
• Customized T-Shirts or Clothing : Designing and selling custom-printed t-shirts, hoodies, or other apparel items.
• Baked Goods : Selling homemade cookies, cupcakes, or specialty cakes.
• Greeting Cards : Designing and selling handmade greeting cards for various occasions.
• Stuffed Animals or Plush Toys : Making and selling handmade stuffed animals or plush toys.
• Upcycled Crafts : Creating new products from recycled materials, such as bags from old jeans or jewelry from bottle caps.
• Decorative Items : Making and selling home decor items like painted pots, decorative frames, or wall hangings.
• Personalized Stationery : Designing and selling personalized notepads, bookmarks, or journals.
• Miniature Gardens or Terrariums : Creating and selling miniature gardens or terrariums with small plants and decorative elements.
• Handcrafted Accessories : Making and selling accessories like hair bows, keychains, or phone cases.
• DIY Kits : Creating and selling DIY kits for other kids to make crafts, jewelry, or other creative projects.
• Planters : Designing and selling handmade planters for indoor or outdoor plants.

These product-based businesses can be started with relatively low initial investment, especially if kids use materials they already have or can source inexpensively. It’s important for kids to learn about pricing, marketing, and customer service while also considering any necessary permits or regulations for selling their products locally or online.

Download the Free Kids Business Planner Here

More Free Printables You’ll Love:

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Hi, I’m Jessica! I am wife to Chris, and mom to Kaiper, Alana and Koa. I am a graphic designer, website developer and aspiring author. In this space, I share about everything from parenting, working from home, food we cook, and lots of things for kids! Learn more about me here.

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Helping Your Child with their Kid Business Plan

Updated: Jun 13, 2023

How To Start A Business For Kids - A Guide to Crafting a Kid Business Plan & Template

Welcome parents of young entrepreneurs! Let's dive into the world of business plans to equip you with the knowledge and tools to support your kid's entrepreneur ideas . Whether your little one dreams of starting a neighborhood bakery, a babysitting service, or a craft business, we're here to help you guide them in writing a basic business plan for kids. Let's unlock their potential, foster their creativity , and lay the foundation for their entrepreneurial success!

Start with a Solid Plan - Tips for Parents

Every successful endeavor starts with a plan, and for children, a well-crafted business plan acts as a compass, guiding them toward their goals. It empowers them to define their vision, understand their target audience, manage finances, and set achievable milestones. By guiding them through the process, children develop ownership of the business and start to build vital strategic skills.

Key Elements of a Business Plan

To make the process smoother (and more fun), we have prepared a simple template for your child's business plan. Keep in mind that this template serves as a starting point, and your child's unique ideas and creativity should shine through in every section. There are extra pages in case you need them.

Below are elements that would be included in any business plan for adults. We've provided this below so that you can see what is normally included in a business plan. It's here to give you more detail on what business best practices are should you need to answer their smart questions or if you have more older kids.

This is the Grown-Up Version:

1. Executive Summary:

Introduce the business idea and the entrepreneur.

Highlight key objectives and provide a brief summary of the plan.

2. Business Description:

Describe the business concept in detail, emphasizing its uniqueness.

Clearly define the products or services.

Set goals for your business

3. Market Analysis:

Identify the target market and demonstrate an understanding of their needs.

Analyze competitors and highlight potential market opportunities.

4. Marketing and Sales Strategy:

Develop a branding strategy that aligns with your vision.

Outline the marketing channels to reach the target audience effectively.

Consider pricing strategies and include sales projections.

5. Operations and Management:

Describe the day-to-day operations and responsibilities of the business.

Identify any necessary resources and equipment.

6. Financial Projections:

Estimate the startup costs, projected revenue, and expected expenses.

Conduct a break-even analysis and project profit margins.

Of course the kid version is a lot simpler and more fun!

The most important aspect of any business plan is the passion and dedication brought by your child entrepreneur. This is a tool for them to steer them and keep them on track building their business. They should add their own unique information and display it proudly.

• Business Skills
• For Parents

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Business Plan Example

Writing the plan, what goes in a business plan, sample plans.

One of the best ways to learn about writing a business plan is to study the plans of established businesses in your industry.

http://www.bplans.com/sp/businessplans.cfm

Develop a Business Plan Worksheet

This worksheet describes the basic components of any business plan. Please note that every plan will be unique to its particular company.

The Executive Summary

Include crisp, clear descriptions of the following elements:

• Company history
• Company objectives
• Product/service offerings
• Competitive advantage (A persuasive statement of why and how the business will succeed)
• Projected growth for the company and the market
• Key management team members
• Funding requirements, including a timeline and details on how the funds will be used

The Products and Services

Answer the following questions in this section:

• Why is there a need for your offering?
• Is your product or service already on the market, or is it still in the research and development stage? If you are still in the development stage, what is the rollout strategy or timeline to bring the product to market?
• What makes your product or service unique? What competitive advantage does the product or service have over its competition?
• Can you price the product or service competitively and still maintain a healthy profit margin?
• What patents, copyrights and trademarks does your company currently own or plan to obtain?
• What confidential and non-disclosure protection have you secured?
• What barriers do you face in bringing the product to market, such as government regulations, competing products, high product-development costs, the need for manufacturing materials, etc.?

Include the following elements:

• A detailed description of your market
• A detailed description of your niche and why you chose it
• An explanation of the market demand for your product or service offering (Requires supporting documentation)
• What percentage of market share do you project you can capture?
• What is the growth potential of the market? (Requires supporting documentation)
• Will your share of the market increase or decrease as the market grows?
• How will you satisfy market growth?
• How will you price your goods or services to remain competitive in a growing market?

Note: If you are launching a new product, include your market research data. Likewise, if you have existing customers, provide a customer profile, detailing their purchasing habits and their buying cycle.

The Marketing Strategy

The following are some promotional options to consider:

• Social Media
• Direct mail
• Trade shows
• Public relations
• Promotional materials
• Telephone sales
• One-on-one sales
• Strategic alliances

If you have current samples of marketing materials or strategies that have proven successful for you, include them with your plan.

Discuss your distribution strategy:

• Will you mail order, personally deliver, hire sales reps, contract with distributors or resellers, or use some other method?
• What are the costs associated with your proposed delivery methods?
• How will you track the effectiveness of the methods you choose?

The Competition

Specific areas to address in this section are:

• Who are your closest competitors and what are their product/service offerings?
• Where are they located?
• What are their revenues?
• How long have they been in business?
• Who is their target market?
• What percentage of market share do they currently hold?
• Do they service a local, geographic market or a national customer base? Is that the same or different from your approach?
• In what other ways do your operations differ from each of them? How are they similar?
• What do your rivals do well? Where is there room for improvement?
• In what ways is your business superior to the competition?
• How is their business doing? Is it growing, declining or stable?
• Are there certain areas of the business where the competition surpasses you (management team, economies of scale, better distribution, volume discounts, etc.)? If so, what are those areas, and how do you plan on compensating for them?

This section of the plan should describe the following requirements of your business:

• Manufacturing

Note: Provide a rollout strategy as to when these requirements need to be purchased and implemented. In addition, describe the vendors you will need to build the business. Do you have current relationships, or do you need to establish new ones? Who will you choose and why?

The Management Team

When preparing this section of the business plan, you should address the following five areas:

• Business background of the principals
• Past experience — tracking successes, responsibilities and capabilities
• Educational background (formal and informal)
• Personal data: age, current address, past addresses, interests, education, special abilities, reasons for entering into business
• Personal financial statements with supporting documentation
• Direct operational and managerial experience in related businesses
• Indirect managerial experiences
• Who will do what and why? Who is responsible for final decisions?
• Organizational chart with chain of command and listing of duties
• A simple statement of what management members will be paid, by position
• Listing of bonuses in realistic terms
• Benefits (medical, life insurance, disability, etc.)
• Insurance brokers
• Accountants
• Consulting groups
• Small Business Association
• Local business information centers
• Chambers of Commerce
• Local colleges and universities
• Federal, state and local agencies
• Board of Directors
• World Wide Web (various search engines)

Consider the following questions in completing this section of the business plan:

• What are your current personnel needs (full- and/or part-time)? How many employees do you envision in the near future, and then in the next three to five years?
• What skills must your employees have?
• What will their job descriptions be?
• Are the people you need readily available? If not, how will you attract them?
• Will you pay salaries or hourly wages?
• Will you provide benefits? If so, what will they be, and at what cost?
• Will you pay overtime?

Financial Data

Have a certified public accountant establish your accounting system before the start of business to provide you with data in the following four areas:

• Balance Sheet – indicates what the cash position of the business is and what the owner’s equity is at any given point (the balance sheet will show assets, liabilities and retained earnings).
• Break-Even Analysis – Shows the volume of revenue from sales that are needed to balance the fixed and variable expenses. Without exception, all businesses should perform this analysis, which is based on the income statement and cash flow.
• Income Statement (also called the profit and loss statement) – Indicates how well the company is managing its cash, by subtracting disbursements from receipts.
• Cash Flow – Projects all cash receipts and disbursements. Healthy cash flow is critical to the survival of any business.

Supporting Documentation

You will need to include all documents that lend support to statements made in the body of your company’s business plan. Please be aware that this list is not complete and may vary depending on the stage of development of your business.

• Credit information (include in appendix)
• Quotes or estimates
• Letters of intent from prospective customers
• Letters of support from credible personal references
• Leases or buy/sell agreements
• Legal documents relevant to the business
• Census/demographic data

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21 Small Business Ideas for Kids That Actually Work

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I believe we deeply and profoundly underestimate how ideas, especially the ones coming from kids, are changing the world in real-time. All over the world, there are dozens of small business ideas for kids being realized in real time with the most incredible success stories you likely never even heard of.

Ever heard of Nina Devani who developed her first app when she was 14? The app allows users to set reminders for all their important passwords and her inspiration for this innovation comes from her father who got his Facebook account hacked. Or did you ever hear about Ben, aka ‘The Smartest Kid on the Planet’, who started building company websites as early as age eleven?

That’s right, there is much to learn from kid entrepreneurs around the world and we barely even scratched the surface of what’s possible to do. However, not all kids’ small business ideas are created equal, and some are easier to start and manage than others. What I will try to do in this article is to list the best small business ideas for kids for both online and offline ventures, showcasing how young entrepreneurs are making a real impact.

Kid Businesses That Make Money: Success Stories Worth Sharing

Exploring the stories of successful entrepreneurship for kids can be incredibly inspiring. These young entrepreneurs have turned simple ideas into profitable ventures, proving that age is no barrier to success. 

To understand the fundamentals that drive these young entrepreneurs, exploring resources like a business plan for kids can be incredibly beneficial. 

Before we proceed with the list of best small business ideas for kids, here are three remarkable examples of kid entrepreneurs who have made a remarkable impact.

Riley Kinnane-Petersen, Age 13

Riley’s journey began with an interest in jewelry and dress-up. Her creative spirit led her to dismantle old necklaces and create her own designs, which she sold at lemonade stands. Today, her business, Gunner & Lux, sells jewelry to high-profile customers like Nordstrom and J.Crew. Riley’s business promotes girl power with empowering t-shirts, and she dreams of continuing her business or pursuing a career as a chemist or vet.

Jahkil Jackson, Age 15

Jahkil’s empathy and dedication shine through his project, Project I Am, which he started at just five years old. This organization provides necessities to the homeless community. Jahkil is also a published author, runs an online merch store, and frequently speaks at events nationwide. His efforts even caught the attention of President Obama, whom he had the opportunity to meet.

Sophia Fairweather, Age 14

Sophia’s entrepreneurial spirit emerged at five when she created a product to hold phones in place. She now advocates for youth entrepreneurship globally and lobbies for more opportunities for young entrepreneurs. Sophia enjoys presenting, traveling, and occasionally bragging to her brother about her achievements.

List of Small Business Ideas for Kids to Start

Here are the fun, creative, and effective small business ideas for kids to start.

For parents looking to encourage their children’s entrepreneurial spirit, it’s essential to start with tips for teaching kids business to provide a solid foundation.

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. They can also experiment with different recipes and pricing strategies to attract more customers. 

For parents interested in providing a solid foundation, using entrepreneurship lessons for kids can help deepen understanding and make learning more enjoyable. This way, kids gain both hands-on experience and background knowledge.

The lemonade stand can be set up in a neighborhood, at local events, or even in the backyard during a family gathering. 

It’s a fun way for kids to engage with the community, make money, and learn the basics of running a business, all while enjoying the process of creating and selling a refreshing product. Kids who start with a lemonade stand often gain important business lessons for kids that can be applied to other ventures as they grow.

Key Benefits

• Teaches financial management through budgeting and pricing.
• Develops social skills by interacting with customers.
• Encourages creativity in marketing and recipe experimentation.

Dog Walking

Dog walking is an ideal business for kids who love animals and enjoy being outdoors. This business requires minimal investment—just a leash and a love for pets. Kids can offer their services to neighbors, friends, or family members who need help exercising their dogs. 

It provides an excellent opportunity to learn about responsibility and time management, as regular walking schedules need to be maintained. Additionally, kids get to stay active and healthy while enjoying the companionship of different dogs. This business can be easily expanded through word-of-mouth recommendations and flyers around the neighborhood.

• Teaches responsibility through regular pet care.
• Encourages physical activity and outdoor time.
• Builds trust and reliability within the community.

Pet Sitting

Pet sitting is great for kids who are animal lovers and responsible. This job involves taking care of pets while their owners are away, ensuring they are fed, exercised, and comfortable. It requires little to no initial investment, just a good understanding of pet care and perhaps some basic supplies like food bowls and leashes. 

Kids can start by offering their services to friends and neighbors, gradually expanding their client base. Pet sitting not only teaches responsibility but also helps kids develop empathy and nurturing skills. It’s a rewarding way for kids to spend time with animals while earning money.

• Teaches responsibility and time management through regular pet care routines.
• Develops empathy and nurturing skills by caring for animals.
• Builds trust and reliability in the community.

Babysitting

Babysitting is a popular business idea for older kids and teens who are responsible and enjoy working with children. This job involves looking after younger kids, playing with them, preparing simple meals, and ensuring their safety. Babysitters often work for family friends, neighbors, or through referrals, and can earn a good hourly wage.

This babysitting service teaches essential life skills like patience, problem-solving, and emergency response. It also helps kids develop communication skills and build trust with both parents and children.

Babysitting can be a flexible and rewarding way for teens to earn extra cash while making a positive impact on families in their community.

• Develops patience and problem-solving skills.
• Enhances communication and interpersonal skills.
• Builds trust and responsibility with families.

Lawn Mowing

Lawn mowing is a practical and profitable business idea for kids, especially during the warmer months. This business requires some initial investment in a lawn mower and other gardening tools, but it offers substantial earning potential. Kids can offer their services to neighbors, family friends, or through community bulletins. 

Lawn mowing helps kids learn the importance of hard work, time management, and customer satisfaction. They gain physical fitness benefits from the manual labor involved and can take pride in seeing the immediate results of their efforts. 

This business can also be expanded by offering additional services like gardening, leaf raking, or snow shoveling in different seasons.

• Teaches the value of hard work and time management.
• Promotes physical fitness and outdoor activity.
• Builds a sense of accomplishment and customer service skills.

Car Washing

Car washing is a straightforward and effective business model, particularly in the summer months. This business requires basic supplies such as soap, sponges, buckets, and a hose, making the initial investment minimal. Kids can offer car washing services to neighbors, friends, and family, setting up in driveways or offering a mobile service. 

Car washing teaches kids the importance of attention to detail, hard work, and customer satisfaction. It’s also a great way to stay cool and have fun while earning money. 

By providing excellent service, kids can build a loyal customer base and even expand their offerings to include services like interior cleaning.

• Develops attention to detail and thoroughness.
• Encourages hard work and physical activity.
• Builds customer service and entrepreneurial skills.

Online Gaming Streamer

Becoming an online gaming streamer is a fantastic business idea for kids who love playing video games and engaging with an audience. This business requires a computer or gaming console, a good internet connection, and streaming software. Kids can create their own channels on platforms like Twitch or YouTube, streaming their gameplay and interacting with viewers in real-time. 

To manage the finances and understand the investment needed, checking out how much money do you need to start a business can provide valuable insights.

Becoming a gaming streamer teaches kids about digital content creation, audience engagement, and potentially, revenue generation through ads, donations, and sponsorships. It also helps them develop communication and presentation skills. With dedication and consistency, kids can build a loyal following and turn their gaming hobby into a profitable business.

• Teaches digital content creation and audience engagement.
• Develops communication and presentation skills.
• Offers potential for revenue through ads, donations, and sponsorships.

Selling Stock Photos

Selling stock photos is excellent for those with a passion for photography. This venture involves taking high-quality photos and uploading them to stock photography websites like Shutterstock, Adobe Stock, or Getty Images. Kids can start with a basic camera or even a smartphone, focusing on subjects they find interesting, such as nature, animals, or everyday objects. 

This business teaches kids about the technical aspects of photography, digital marketing, and passive income generation. By consistently uploading photos, they can earn money each time their images are downloaded or purchased, making it a sustainable and rewarding business.

• Enhances photography and technical skills.
• Teaches digital marketing and passive income strategies.
• Encourages creativity and attention to detail.

Online Content Creator

Becoming an online content creator is a versatile business idea for kids interested in sharing their passions and creativity. 

This business involves creating and posting content on platforms like YouTube, Instagram, or a personal blog. Content can range from videos, tutorials, and reviews to written articles or photography. Kids can start with a basic camera or smartphone and free editing software. This venture teaches skills in digital content creation, marketing, and audience engagement.

It also helps develop communication and technical skills. By consistently producing quality content, kids can grow their audience and potentially monetize their platform through ads, sponsorships, and merchandise sales.

• Develops digital content creation and marketing skills.
• Enhances communication and technical abilities.
• Offers potential for monetization through ads, sponsorships, and merchandise.

Online Store

Starting an online store is a great business for those who enjoy creating or curating products. It involves setting up a shop on platforms like Etsy, eBay, or Shopify to sell handmade crafts, vintage items, or other goods. Kids can start with a small inventory and expand as they learn more about their market. 

This business teaches essential skills in inventory management, marketing, and customer service. It also helps kids understand the basics of e-commerce, including setting prices, handling transactions, and shipping products. Running an online store can be a fun and educational way for kids to turn their hobbies into a profitable business.

• Teaches inventory management and e-commerce basics.
• Develops marketing and customer service skills.
• Encourages creativity and entrepreneurship.

Craft Sales

Selling crafts is a fantastic business idea for kids who enjoy making things with their hands. This business involves creating handmade items such as jewelry, candles, artwork, or decorations and selling them at local markets, fairs, or online platforms like Etsy. Kids can start with simple projects and gradually expand their range of products as they gain confidence and skill. 

It will teach them essential skills in creativity, time management, and business operations. It also helps kids understand pricing, marketing, and customer interaction. Selling crafts allows kids to express their creativity while earning money and learning valuable business lessons.

• Enhances creativity and craftsmanship skills.
• Teaches pricing, marketing, and customer interaction.
• Develops time management and business operations knowledge.

Baking Sales

Baking sales involves baking cookies, cakes, muffins, and other treats to sell to family, friends, or at local events. Kids can start with simple recipes and gradually experiment with more complex creations as they become more confident. This business teaches kids about following instructions, measuring ingredients, and the importance of food safety. 

Additionally, it helps them develop marketing skills by packaging their baked goods attractively and setting competitive prices. Baking sales provide a fun way for kids to share their culinary talents while learning about entrepreneurship and making a profit.

• Teaches culinary skills and food safety.
• Develops marketing and pricing strategies.
• Encourages creativity and precision in baking.

Tutoring is perfect for those who excel in specific subjects and enjoy helping others. This venture involves offering a tutoring service to peers or younger students in subjects like math, science, reading, or languages. Kids can advertise their services through school bulletin boards, community centers, or online platforms.

Tutoring helps kids reinforce their own knowledge while developing teaching and communication skills. It also teaches them how to manage their time effectively and develop lesson plans tailored to individual needs.

By helping others succeed academically, kids can earn money and gain a sense of accomplishment.

• Reinforces academic knowledge and understanding.
• Develops teaching and communication skills.
• Teaches time management and lesson planning.

Errand Running

Errand running is ideal for those who are organized and responsible. This service involves helping busy neighbors or family members with tasks such as grocery shopping, picking up dry cleaning, or delivering packages. Kids can start by offering their services to people they know and expand through word-of-mouth recommendations. 

This business teaches kids about time management, responsibility, and customer service. It also helps them understand the importance of reliability and punctuality. Errand running allows kids to provide a valuable service to their community while earning money and developing important life skills.

• Teaches time management and organizational skills.
• Develops a sense of responsibility and reliability.
• Enhances customer service and communication abilities.

Recycling Collection

Recycling collection is an environmentally friendly business idea for kids. It involves collecting recyclable materials like cans, bottles, and paper from neighbors and community members, then taking them to recycling centers. Kids can start by providing collection bins and scheduling regular pickups. 

Recycling teaches responsibility, environmental awareness, and the basics of business operations. It also helps kids understand the importance of sustainability and community service. Recycling collection allows kids to earn money while contributing positively to the environment and learning valuable lessons about waste management.

• Promotes environmental awareness and sustainability.
• Teaches responsibility and business operations.
• Encourages community service and involvement.

Plant care involves watering, pruning, and tending to plants for neighbors or family members who may not have the time. Kids can start by offering their services to people they know and expand through recommendations. 

This business teaches responsibility, patience, and the basics of horticulture. It also helps kids develop a sense of accomplishment as they see plants thrive under their care. Plant care provides a peaceful and rewarding way for kids to earn money while learning about the natural world.

• Teaches responsibility and patience.
• Enhances knowledge of horticulture and plant care.
• Develops a sense of accomplishment and connection to nature.

Photography

Photography is ideal for kids with a passion for capturing moments. Photography involves taking photos of events, nature, or portraits and selling them to family, friends, or online platforms. Kids can start with a basic camera or smartphone and improve their skills through practice and online tutorials. 

This business teaches kids about composition, lighting, and editing. It also helps them develop marketing skills by showcasing their work through social media or a personal website. Photography allows kids to express their creativity while earning money and learning valuable business skills.

• Enhances creativity and technical photography skills.
• Teaches marketing and self-promotion.
• Develops attention to detail and artistic expression.

Tech help is perfect for tech-savvy kids who enjoy problem-solving. This service involves assisting neighbors or family members with tech-related issues, such as setting up devices, troubleshooting software problems, or teaching basic computer skills. 

Kids can offer their services locally, starting with people they know. It will teach kids about customer service, technical skills, and patience. It also helps them stay updated with the latest technology trends.

• Develops technical and troubleshooting skills.
• Keeps kids updated with the latest technology trends.

Customized Art

Customized art is a creative business idea for kids who enjoy drawing, painting, or crafting. This venture involves creating personalized art pieces based on customer requests, such as portraits, custom illustrations, or decorated items. Kids can market their services through social media, local events, or by word-of-mouth. 

This business teaches kids about artistic techniques, client interaction, and time management. It also helps them develop a portfolio and gain experience in handling custom orders. 

Customized art allows kids to express their creativity while earning money and bringing unique, personalized items to their customers.

• Enhances artistic skills and creativity.
• Develops client interaction and communication abilities.
• Teaches time management and handling custom orders.

Gift Wrapping Service

A gift wrapping service involves wrapping gifts for neighbors, friends, and family members who may not have the time or skill to do it themselves. Kids can offer their services by setting up a small booth at local markets or advertising through community boards. This business model teaches kids about presentation, precision, and customer satisfaction. 

It also helps them develop creativity in designing beautiful and appealing gift packages. A gift wrapping service allows kids to enhance their artistic skills while also earning some pocket money on the side.

• Teaches precision and attention to detail.
• Develops creativity in presentation and design.
• Enhances customer satisfaction and service skills.

Bike Repair

Bike repair is a fantastic business idea for kids who are mechanically inclined and enjoy working with their hands. This venture involves fixing and maintaining bicycles for friends, family, and neighbors. Kids can start with basic repairs like fixing flat tires, adjusting brakes, and lubricating chains, gradually expanding their skills with more complex tasks. 

The bike repair business model teaches kids about mechanics, problem-solving, and customer service. Additionally, it helps them develop a sense of responsibility and reliability.

• Develops mechanical and problem-solving skills.
• Teaches responsibility and reliability.
• Enhances customer service and interaction skills.

Frequently Asked Questions

What are the best small business ideas for kids to sell.

The best small business ideas for kids to sell include lemonade stands, homemade crafts, and baked goods, as these are easy to start with minimal investment. These businesses also teach kids about basic sales, marketing, and customer interaction skills.

What Are the Best Small Business Ideas for Kids at Home?

The best small business ideas for kids at home include online content creation, tutoring, and baking sales. These business models allow kids to utilize their skills and creativity while working within a comfortable and familiar environment.

What Are the Best Small Business Ideas for Kids Online?

The best small business ideas for kids online include starting a YouTube channel, selling stock photos, and running an online store. These leverage the internet to reach a wider audience and offer flexible working hours.

What Are the Best Small Business Ideas for Kids at School?

The best small business ideas for kids at school include tutoring, selling handmade crafts, and offering tech help to classmates. These allow kids to use their skills to help peers and earn money within the school environment.

What Business Should I Start at 11 Years Old?

At 11 years old, a good business to start could be a dog walking service, a lemonade stand, or selling handmade crafts. These businesses are simple to set up and manage, providing a great introduction to entrepreneurship.

Wrapping Up

Kids have the potential to bring fresh ideas and innovative solutions to the business world. From lemonade stands and pet sitting to online content creation and customized art, there are numerous business ideas for kids that can teach them valuable life skills and promote an entrepreneurial spirit.

For more structured guidance, parents and kids can explore books on entrepreneurship for kids to deepen their understanding and inspiration.

By exploring various small business ideas, kids can learn essential skills such as financial literacy and money management that will serve them well throughout their lives. They can start small, gain experience, and gradually expand their ventures as they grow. The success stories of young entrepreneurs like Riley Kinnane-Petersen, Jahkil Jackson, and Sophia Fairweather show that with determination and support, kids can achieve remarkable success at any age.

Whether kids decide to pursue entrepreneurship full-time or use it as a stepping stone to other careers, the lessons they learn will be invaluable. So, let’s support our young entrepreneurs and help them turn their ideas into reality, shaping a brighter future for themselves and the world around them.

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Kid’s Lemonade Stand Business Plan

Having a lemonade stand is cute, but it’s also a great way for older kids to learn about business and setting goals. Help your kids make the most of the experience with this free printable kid’s lemonade stand business plan ! Teach them to plan and set goals to raise money easily!

My daughter has always loved having a lemonade stand or a sweet tea stand when we have our annual yard sales each summer . She’s getting older now, and has started to show some real interest in entrepreneurship recently, so I wanted to use this as a way to help her understand a little more.

She is THRILLED to have this plan, and honestly has worked really hard on her little lemonade stand business plan, and I’m super proud of her!

This is a great way to help your kids learn what goes into a business, how to calculate cost, and decide on price, and how to set goals for their business.

Let me show you what’s included…

Including the cover, there are five pages in this Kid’s Lemonade Stand Business Plan. Print it off on regular paper. You may need multiple copies of pages 3 and 4, but we will get to that.

Page 1: Cover.

This is designed to just print on regular 8.5×11″ paper, so you can just use your home printer if you want.

Page 2: Business name and menu.

The first page will cover brainstorming some ideas for a business name . A kid’s lemonade stand doesn’t NEED a name necessarily, but this is a great way to get the creative juices flowing and help kids feel like this is something that belongs to them, and not just a generic idea.

Walk your kids through the menu section. Help them decide if they want to have multiple cup sizes, multiple types of lemonade, and the pros and cons of all the ideas.

Page 3: Picking out your lemonade recipe(s) and determining cost.

Here’s where you may need multiple copies of this page and the next. If they decide to have more than one type of lemonade (or other drink, like sweet tea), they will need multiple copies of this page and the next.

Explain to them that it’s important in business to be consistent . If people like your lemonade, they want it to taste the same way when they buy it again, so following a recipe is important!

For each recipe, they will need to determine the cost of the recipe. The next page will help them figure the cost of a pitcher, and the cost per cup so they can determine pricing.

Here are some lemonade recipes they could try:

• Classic Lemonade – simple recipe that everyone expects.
• Sugar-Free Lemonade – may be a good choice if your audience is older or elderly.
• Blackberry Lemonade – a fun summer twist!
• Watermelon Lemonade – a great choice for warmer weather.
• Strawberry Lemonade – a traditional twist on the classic lemonade recipe.

Remember to also have them include cups, straws etc in their costs, especially if they’re choosing to offer multiple cup sizes.

Page 4: Finding the cost per pitcher and per cup.

A HUGE part of this exercise is having them decide the cost of each pitcher, determining how many cups each pitcher makes, and then determining the cost of each cup.

This is basic math, but if you feel it’s too advanced you can help, or let them use a calculator.

You may need to go to the store to determine the cost of each item, or use an online grocery pickup app to find the cost of each item as well.

Page 5: Pricing, Profit, Goals, and Tracking Sales.

On the last page of the Kid’s Lemonade Stand Business Plan, kids will determine, based on the cost it takes to make each cup, what they then want to charge customers for each cup.

The next section will help them determine how much PROFIT each cup sold will make them.

Then at the bottom of the sheet they can set a profit goal, for how much money they want to make, and then track their sales and total profit at the end of the sale.

My daughter is SO excited to implement her business plan this summer at our yard sale , and I’m really proud of all the work she put in on this Kid’s Lemonade Stand Business Plan, and I’m sure your kid(s) will love it too!

A good follow-up to this, after they have their lemonade stand sale, would to have a chat with them about what they liked about what they did, what they didn’t, and what they would do differently next time.

If you use this, I’d love to hear from you in the comments!

Want more DIY kid’s projects?

• Sidewalk Chalk Mosaic – this would be a great way to decorate the sidewalk around their lemonade stand too!
• Minecraft Block Craft – we LOVED making these with wood cubes, and they look AWESOME in my daughter’s Minecraft room!
• DIY Squishies – these are SUPER easy to make and are really affordable too!

With this free printable Kid’s Lemonade Stand Business Plan, I’m sure your kids will learn a lot about business and have fun making and setting goals for themselves! Happy selling!

Grab this Lemonade Stand Business Plan

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May 23, 2023 at 2:44 pm

Sometimes my auto response system is a little slow. If I shoot you an email directly, it usually goes to spam and readers miss it. If you’d send me an email at [email protected] I can shoot you the pdf file!

May 15, 2023 at 7:08 pm

What a pain – sign up for this, sign up for that! all for a silly kids business plan? No thanks – UNSUBSCRIBED!

May 5, 2021 at 12:23 pm

Hey! Always email me from the email listed on the printable library page for a faster response. BUT, be sure to type it in all caps as it is case-sensitive. Sorry you had trouble, and I hope that helps!

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Business Plan Template for Kids

Use this business plan template for kids as a guide to planning a business., search for worksheets, download the business plan template for kids.

Click the button below to get instant access to these worksheets for use in the classroom or at a home.

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Table of Contents

A business plan is important to people who want to start their own businesses. This business plan template for kids will serve as a guide to understand how entrepreneurs use business plans to keep them from making mistakes.

See the fact file below for more information on Business Plan Template or alternatively, you can download our 19-page Business Plan Template for Kids worksheet pack to utilise within the classroom or home environment.

Key Facts & Information

Making a business plan.

• A business plan is an overall outline of your business: how you will be working on it, and how will it bring you profit in the long run.

Determine what business you would like to establish

• Choose a business that interests you, shows your skills, or a business that is needed in your area. 
• Determine if your business will offer either a service or a product or even both.
• Think of a business that will make you stand out among your competitors.

Make your business name

• Decide on a business name that is unique but easy to pronounce and remember.
• People should be able to easily determine what your business offers.
• Provide a brief discussion of what your business is all about.
• Include your goals, objectives, your product, and what makes your business different among others.

Plan your team

• You can do your business by yourself, hire employees, or seek help from your family members.
• Identify all your materials and determine the cost for each.
• If you are going to hire employees, compute how much you will pay them.
• If commercial spaces are to be rented, include the renting and utility costs in your expenses.
• After considering all expenses, you can now make a price for your product and estimate how much will be your profit.

Know your market

• Determine who will be your customers.
• Consider the place of your business and research the demographics of the area.
• Are there more professional people, young, old, mothers, fathers, or students? 

Competitors

• Know who will be your competitors.
• Do research on businesses in the same location that have the same product or service as you.
• Identify how long they have been established, how much they charge for their product, and how does their product differs from yours.
• With all the information you have gathered, determine how you can make an edge with your business.
• You can either offer lower prices without sacrificing the quality of your product or you can also offer additional services that your competitors don’t have.

Marketing Strategy

• Think of how you will market your business.
• How will you advertise your business?
• You can promote using social media platforms, send out flyers, make posters, make door-to-door advertising, or whichever strategy you think will work best for your business.
• With an effective marketing strategy, people will get curious about what you sell and this will push the consumers to try your product or service.

Business Plan Template Worksheets

This is a fantastic bundle that includes everything you need to know about Business Plan Template across 19 in-depth pages. These are  ready-to-use worksheets that are perfect for teaching students about Business Plan Template for Kids which will serve as a guide to understand how entrepreneurs use business plans to keep them from making mistakes.

Complete List Of Included Worksheets

• Business Plan for Kids Facts
• My Own Product
• Do You Like My Service?
• The Clothing Line
• Free for All
• What Went Wrong?
• In 5 Years…
• Click and Sell
• Special Delivery
• Show Me Your Strategy

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Link will appear as Business Plan Template for Kids: https://kidskonnect.com - KidsKonnect, November 10, 2021

Use With Any Curriculum

These worksheets have been specifically designed for use with any international curriculum. You can use these worksheets as-is, or edit them using Google Slides to make them more specific to your own student ability levels and curriculum standards.

KidsKonnect is a growing library of high-quality, printable worksheets for teachers and homeschoolers.

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THE ULTIMATE BUSINESS PLAN FOR KIDS

A roadmap for their entrepreneurial dreams.

Download The Ultimate Business Plan for Kids

Starting a business is like embarking on a journey. And like any journey, a road map will make the trip smoother, help determine the best route, and guide you through the potholes along the way.

The Startup Squad has created a Startup Roadmap to be your child’s personal tour guide. It’s the ultimate business plan for kids to help them choose the best route and think through the challenges that lie ahead.

Ready for them to start travelling down the road of entrepreneurship? Give the button a click and see where the road takes them, and you.

And be sure to check out Party Problems , the latest book in The Startup Squad series, to read about Amelia’s business plan and get tips on creating a business plan. It’s the perfect road trip companion!

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Kids Business Plan Template & Guidebook

Starting a business can be an exciting adventure for kids looking to develop their entrepreneurial skills. Having a plan and the resources available to create this plan are just as important. With “The #1 Kids Business Plan Template & Guidebook”, kids will have access to an interactive template and advice from industry professionals that will help them bring a business idea to life. Kids will gain insight into the steps needed in creating their own business, starting with writing a viable business plan.

Get worry-free services and support to launch your business starting at $0 plus state fees.

• How to Start a Profitable Kids Business [11 Steps]
• 10+ Best & Profitable Kids Business Ideas [2023]

How to Write a Kids Business Plan in 7 Steps:

1. describe the purpose of your kids business..

The first step to writing your business plan is to describe the purpose of your kids business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a kids business:

Our mission is to inspire and educate children to reach their full potential through creative, interactive learning experiences. We strive to create an environment that encourages collaboration, creativity, and exploration while helping kids develop valuable life skills.

2. Products & Services Offered by Your Kids Business.

The next step is to outline your products and services for your kids business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your kids business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your kids business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your kids business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

Form an LLC in your state!

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a kids business?

To run a Kids business, you will need the following equipment, supplies, and permits:

• Safety equipment such as first aid kits and fire extinguishers
• Cleaning supplies and janitorial supplies
• Educational materials such as books, toys, and games
• Child care licensing from your state or local government
• Insurance to cover any potential liabilities
• Business license from your city or county government

5. Management & Organization of Your Kids Business.

The second part of your kids business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your kids business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Kids Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a kids business varies based on many different variables, but below are a few different types of startup costs for a kids business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your kids business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your kids business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your kids business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Kids Business Plans:

Why do you need a business plan for a kids business.

A business plan is an important tool for any business, including a kids business. It helps to define the mission, goals and strategies of a business, and allows entrepreneurs to assess their progress over time. A well-crafted business plan will help identify potential opportunities and risks associated with the business, provide a blueprint for launching and growing the venture, and ultimately increase the chances of success.

Who should you ask for help with your kids business plan?

Parents, mentors, teachers, counselors, and small business advisors are all helpful resources for creating a business plan. Additionally, there are numerous online resources available to help guide young entrepreneurs in crafting their business plans.

Can you write a kids business plan yourself?

Writing a business plan can be a complex task, so it is generally recommended that you seek the help of an experienced professional. If you do decide to write the business plan yourself, it is important to have a clear understanding of what elements should be included and be aware of the resources available to help ensure your plan is successful.

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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

How to Write a Daycare Business Plan: A Step-by-Step Guide

Creating a comprehensive business plan is crucial for launching and growing a successful daycare center. This guide will walk you through the key elements of a daycare business plan, from understanding your target market to financial projections.

1. Your Daycare’s Blueprint: Executive Summary

Think of the executive summary as a snapshot of your entire business plan. It’s the first thing potential investors, lenders, or partners will read, so it needs to be compelling and informative.

• Your Vision: Clearly articulate your daycare’s purpose and mission. In addition to that, mention the products or services in brief with the unique selling points.
• Market Analysis: Highlight your target market, competition, and the need for your services.
• Management team: Introduce your team members and their relevant experience. Highlight their expertise and skills that will contribute to the success of the Daycare.
• Financial Projections: Provide a brief overview of your financial projections, including startup costs and revenue forecasts.

2. Defining Your Daycare Business: Business Description

This section lays the foundation for your daycare business. You’ll delve into the specifics of your legal structure, the services you’ll offer, your target audience, and what makes your daycare unique. A well-defined business description will guide your planning and decision-making processes.

• Business Structure: Detail your legal structure (sole proprietorship, LLC, corporation).
• Services Offered: Outline the specific services you’ll provide (e.g., full-time, part-time, infant care, preschool, summer camp, …etc).
• Target Market: Identify your ideal clients (e.g., working parents, stay-at-home parents).
• Unique Selling Proposition: What sets your daycare apart from competitors? (e.g., specialized curriculum, bilingual education, extended hours)

3. Understanding Your Market Landscape: Market Analysis

In the market analysis section, you will delve into a comprehensive analysis of your Daycare target market. You’ll explore your competition, identify your ideal customer, and assess your business’s strengths and weaknesses to position yourself for success.

• Competitive Analysis: Research other childcare centers in your area.
• Target Market Analysis: Understand the needs and preferences of your target audience.
• SWOT Analysis: Evaluate your strengths, weaknesses, opportunities, and threats.

4. Your Financial Roadmap: Financial Projections

You will outline the financial blueprint for your daycare business in the financial projections section. You’ll delve into the costs of launching your business, project future revenue, and analyze your financial health. A well-structured financial plan is crucial for securing funding and ensuring the long-term viability of your daycare.

• Startup Costs: Estimate initial expenses like licensing fees, renovations, furniture, and equipment.
• Operating Costs: Project ongoing costs, including rent, utilities, salaries, and supplies.
• Revenue Projections: Forecast your revenue based on projected enrollment and tuition fees.
• Profit and Loss Statement: Create a projected income statement to assess profitability.
• Cash Flow Statement: Project your cash flow to ensure you have sufficient funds.

5. Streamlining Your Daycare Operations: Operations Plan

Focus on the day-to-day running of your daycare. You’ll outline your staffing plan, curriculum development, daily routines, safety protocols, and legal compliance. A well-structured operations plan is essential for providing a safe, nurturing, and efficient environment for children.

• Staffing: Outline your staffing needs and hiring plan.
• Curriculum: Develop a comprehensive curriculum that aligns with educational standards.
• Daily Operations: Describe your daily routine, including meal times, nap times, and activity schedules.
• Safety and Security: Detail your safety procedures and emergency plans.
• Licensing and Regulations: Ensure compliance with all local, state, and federal regulations.
• Technology Integration: Utilize childcare management software to streamline operations, improve communication with parents, and enhance overall efficiency.

6. Building a Strong Brand and Attracting Parents: Marketing and Sales Strategy

Explore branding, social media marketing, public relations, and customer relationship management techniques to effectively promote your daycare and build a strong reputation in the community.

• Branding: Develop a strong brand identity for your daycare.
• Marketing Channels: Utilize social media, local advertising, and community outreach to attract parents.
• Public Relations: Build relationships with local media and community organizations.
• Customer Relationship Management: Implement strategies to retain and attract new clients.

7. Mitigating Risks for a Safer Daycare: Risk Management

Identify and address potential risks that may impact your daycare. Explore risk assessment techniques and develop strategies to minimize hazards and ensure the safety of children and staff.

• Risk Assessment: Identify potential risks, such as accidents, illnesses, and natural disasters.
• Risk Mitigation: Develop strategies to minimize risks and protect your business.

Remember to tailor your business plan to your specific daycare and target market. By following these steps and incorporating the valuable insights from the provided resources, you can create a robust business plan that sets your daycare up for success.

Ready to streamline your daycare operations and elevate your childcare experience? Book a free demo today to see how Bounce can help you achieve your goals. Let us show you firsthand how our innovative solution can save you time, reduce costs, and enhance parent communication.

By taking this step, you’re investing in the future of your daycare. Don’t miss this opportunity to revolutionize your childcare business.

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