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Having a Business Idea

CONCEPTUAL
Life Skills›Entrepreneurship|Ages 7—9|ID: mt_RTwmvr9R7V

Where business ideas come from; spotting everyday problems and thinking of solutions; the difference between inventing something new and improving something that exists

Mastery Evidence

  • Identify a simple everyday problem and suggest a product or service that could solve it
  • Explain the difference between an invention (something new) and an innovation (making something better)
  • Describe where one real entrepreneur got their business idea from

Assessment Prompt

“If you asked [child] to think of a problem at school or home that they could solve by making or selling something, could they come up with an idea?”

Prerequisites2

Show full prerequisite tree
  • Making Something to Sell hard

    Must have experience making something to sell before generating business ideas

    • Needs & Wants soft

      Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable

      • What Money Is hard

        Must understand money exists and is limited before distinguishing needs from wants

    • Goods & Services hard

      Must know what goods are before creating a product to sell

    • Buyers & Sellers hard

      Must understand exchange before making something to sell

      • Goods & Services hard

        Must understand goods and services before grasping buying and selling

      • What Money Is soft

        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange

  • Who Is a Customer? hard

    Must understand customers before spotting problems to solve for them

    • Making Something to Sell soft

      Making a product helps understand what customers want

      • Needs & Wants soft

        Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable

        • What Money Is hard

          Must understand money exists and is limited before distinguishing needs from wants

      • Goods & Services hard

        Must know what goods are before creating a product to sell

      • Buyers & Sellers hard

        Must understand exchange before making something to sell

        • Goods & Services hard

          Must understand goods and services before grasping buying and selling

        • What Money Is soft

          Cross-domain: understanding what money is (Money & Finance) supports grasping exchange

    • Buyers & Sellers hard

      Must understand buyers and sellers before exploring customer concept in depth

      • Goods & Services hard

        Must understand goods and services before grasping buying and selling

      • What Money Is soft

        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange

Unlocks5