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Where do business ideas come from?

Life Skills · Entrepreneurship · ages 7-9

Name ______________________ Date ____________

What does inventing mean?
- Copying a tool without changing it
- Changing the price of an old tool
- Creating a new tool or a new way to do something
Which sentence states a problem that a business idea could help solve?
- Your shoes keep coming untied while you walk
- Your shoes have blue stripes
- Your shoes are beside your bag where you put them
A new invented tool can also become an innovation when people put it into use.
Circle one: True False
Customers want a place for a water bottle. A company adds a useful new bottle pocket to its existing backpack and sells the changed design. Which description fits?
- Only a price change, because the backpack stayed unchanged
- An innovation that improves an existing product
- Only an unchanged copy, because the design stayed the same
Leo's lunch box tips over and spills food. Which product idea could help with that problem?
- Offer a lunch box with a bright picture on its lid
- Offer a lunch box with a wider base to help it stay upright
- Offer a lunch box with a new name printed on the front
In the lesson, what problem led Chester Greenwood to work on ear protectors?
- His ears got cold while he was skating
- His skates were too small
- His skating bag had no space for his skates
Ben wants to sell trays for pupils whose pencils roll away. He has not asked those pupils what would help. What should he do before making many trays?
- Make a batch in his favorite color
- Choose the tray design from the number of classroom desks
- Ask the pupils and try one tray with adult help
Maya can make bracelets that some customers want. Must she invent a new kind of bracelet before she can have a business idea?
- Yes. A business must offer something nobody has made before
- Yes. A new seller must invent every product before selling it
- No. Offering an existing product can be a business idea

Answer key

For grown-ups. Fold this page away before handing over the rest.

Where do business ideas come from? W1-mt_RTwmvr9R7V-s1

Creating a new tool or a new way to do something · Inventing creates a new tool or way of doing something. An unchanged copy or a price change alone does not describe inventing.
Your shoes keep coming untied while you walk · Shoes coming untied are a problem to solve. The other sentences do not state a problem.
True · Inventing creates the new tool. Putting the useful new idea into use can make it an innovation too.
An innovation that improves an existing product · The backpack already existed. Adding and offering the useful new pocket puts an improvement into use.
Offer a lunch box with a wider base to help it stay upright · A wider base could help the lunch box stay upright. A picture or name alone does not change how it stands. The design still needs testing.
His ears got cold while he was skating · The lesson connects Greenwood's work on ear protectors with cold ears while skating.
Ask the pupils and try one tray with adult help · Asking the pupils and trying one tray can help Ben learn whether it addresses their problem before he makes many.
No. Offering an existing product can be a business idea · Maya can have an idea to offer an existing kind of product. A new invention is not required.