---
title: "Making a Simple Plan"
description: "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?"
canonical: https://lightmysky.com/learn/life-skills/making-a-simple-plan-mt_phpn6KhCAv
source: https://lightmysky.com/learn/life-skills/making-a-simple-plan-mt_phpn6KhCAv.md
retrieved: 2026-10-19
---

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# 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?

Subject: Life Skills · Area: Entrepreneurship · Ages 7 to 9
Page: https://lightmysky.com/learn/life-skills/making-a-simple-plan-mt_phpn6KhCAv

## Ready when they can

- 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

## Lesson: Making a Simple Plan

Before you start selling anything, it helps to make a simple plan, so you do not run out of supplies or forget your price. 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?

*(drawing: A simple plan has four parts: what you sell, who buys it, what you need, and what price you charge.)*

**Example.** 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 she thinks of one more supply later, she adds it to her list.

*(drawing: Each bracelet costs Mia $1 to make. She charges $2, so she earns $1 for every bracelet sold.)*

**Tip.** 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.

**Recap.** A simple plan answers four questions: what you'll sell, who will buy it, what you need, and what price you'll charge.

## Practice

8 questions on this page, each with its working shown.

## Needs first

- [Costs & Revenue](https://lightmysky.com/learn/life-skills/costs-and-revenue-mt_9gpUHWVKMR)
- [Budgeting Pocket Money](https://lightmysky.com/learn/life-skills/budgeting-pocket-money-mt_Qzbh-_v0Gq)
- [Having a Business Idea](https://lightmysky.com/learn/life-skills/having-a-business-idea-mt_RTwmvr9R7V)
- [Who Is a Customer?](https://lightmysky.com/learn/life-skills/who-is-a-customer-mt_vpMDMbx4pc)

## Opens up

- [Pitching an Idea](https://lightmysky.com/learn/life-skills/pitching-an-idea-mt_bAYy0ytbfC)
- [Learning from Failure](https://lightmysky.com/learn/life-skills/learning-from-failure-mt_dknMcCqvoY)
- [Teamwork in Business](https://lightmysky.com/learn/life-skills/teamwork-in-business-mt_pOstrrS763)