Making a Simple Plan
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?
What a learner can do afterwards
- 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
The lesson
Before you start selling anything, it helps to make a simple plan. A plan answers four questions: What will I make or do? Who will buy it? What do I need to get started? What price will I charge?
Mia wants to sell friendship bracelets at the school fair. Her plan: Product is bracelets. Customer is kids at the fair. Supplies are string and beads. Price is $2 each.
If you skip the plan and just start, you might run out of supplies, forget to set a price, or make something nobody wants. A few minutes of planning saves a lot of trouble later.
A simple plan answers four questions: what you'll sell, who will buy it, what you need, and what price you'll charge.
Watch it
Where it sits
Where this leads
Jobs that lean on this skill. Follow one to see everything it is built on.
8 questions wait behind this lesson, each with its answer explained. Every answer feeds the sky: stars light as they are learned, and dim when it is time to come back.