Learning from Failure · seed 1 · A4, ink-friendly. The answer key prints on its own page for grown-ups.

Try, Learn, Try Again

Life Skills · Entrepreneurship · ages 7-9
Name ______________________   Date ____________

  1. If your first business idea does not work, you should never try anything else.

    Circle one:   True   False

  2. Thomas Edison tried thousands of times before one of his inventions finally worked. What was he trying to invent?

    • Light bulb
    • The telephone
    • The airplane

  3. Your lemonade stand did not sell any cups on a hot day. What is the best next step?

    • Give up on lemonade stands forever
    • Try a new spot or a new price
    • Blame the customers and stop trying

  4. Ben's first toy idea flopped, but he kept changing it until kids loved it. Why was trying again better than giving up?

    • He learned what worked and eventually found success
    • He wasted his time for nothing
    • He should have stopped after his first idea

  5. Mia's cookie stand had no customers. She thinks her price was too high. What should Mia try next time?

    • Keep everything the same and hope for luck
    • Stop selling cookies forever
    • Lower the price and see if more people buy

  6. Zoe's dog-walking business had no customers because she only offered walks late at night. What should Zoe change first?

    • The name of her business
    • The time she offers dog walks
    • Nothing, she should just wait

  7. Noah's app idea did not work, so he decided he was just "not good at business" and never tried again. What did Noah get wrong?

    • Trying again after learning from a mistake often leads to success, so he should not have given up
    • Noah should have blamed his friends instead
    • Noah was right to quit right away

  8. Liam says only people born rich and lucky can become successful entrepreneurs. What is wrong with what Liam said?

    • Liam is completely right
    • It is impossible to know why anyone succeeds
    • Entrepreneurs like Edison failed many times before succeeding, so effort matters more than luck
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Answer key

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

Try, Learn, Try Again W1-mt_dknMcCqvoY-s1

  1. False · Trying again lets you learn from what went wrong and find a way that works better.
  2. Light bulb · Edison tested thousands of materials before he found one that made the light bulb work.
  3. Try a new spot or a new price · Changing something, like where you sell or how much you charge, is how you try again smarter.
  4. He learned what worked and eventually found success · Each try taught Ben something new, which is why he eventually made a toy kids loved.
  5. Lower the price and see if more people buy · Mia noticed what might have caused the problem, so changing the price is a smart next try.
  6. The time she offers dog walks · Fixing the actual reason customers stayed away, the bad timing, is the specific change worth trying.
  7. Trying again after learning from a mistake often leads to success, so he should not have given up · One failed try does not mean someone is bad at business. It usually just means they have not found the right idea yet.
  8. Entrepreneurs like Edison failed many times before succeeding, so effort matters more than luck · Edison's story shows that trying again and again, not luck, is often what leads to success.
Worksheet · LightMySky