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Making a Simple Plan

PROCEDURAL
Life Skills›Entrepreneurship|Ages 7—9|ID: mt_phpn6KhCAv

Before starting a business, making a simple plan: what will I make or do, who will buy it, what do I need, how much will it cost, and what price will I charge?

Mastery Evidence

  • Write or draw a simple business plan covering: product, customer, materials needed, and price
  • Identify at least three things they would need before they could start selling
  • Explain why planning ahead is better than just starting without thinking

Assessment Prompt

“If [child] wanted to run a small business at a school fair, could they write a simple plan covering what they'd sell, what they'd need, and what they'd charge?”

Prerequisites2

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  • Budgeting Pocket Money soft

    Cross-domain: budgeting pocket money (Money & Finance) provides planning foundation

    • Needs & Wants hard

      Must understand needs vs wants to make budget trade-offs

      • What Money Is hard

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

    • Buying Things soft

      Buying experience helps with realistic budgeting

      • Coins & Notes hard

        Must recognise coins/notes and their values before practising buying transactions

        • Coin Values soft

          Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge

          • Reading and writing numbers to 20 hard

            Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)

            • How Many in Total? hard

              Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)

              • One-to-one counting hard

                Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'

            • Writing digits 0-9 hard

              Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)

        • What Money Is hard

          Must understand what money is before learning to recognise specific coins and notes

      • What Money Is hard

        Must understand money as exchange medium before practising transactions

    • Saving Money hard

      Must understand saving concept before budgeting a fixed amount

      • Needs & Wants soft

        Understanding needs vs wants helps motivate saving decisions

        • What Money Is hard

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

      • What Money Is hard

        Must understand what money is before learning to save it

  • Having a Business Idea hard

    Must have a business idea before making a plan for it

    • 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

Unlocks4