Business Plan Project for Kids | Entrepreneurship & Economics Activity

What does it take to start a business? In this engaging Business Plan Project, students explore entrepreneurship by developing their own business ideas and thinking through the decisions involved in running a business.

Designed for elementary social studies and economics, this project helps students connect economic concepts to real-world situations. Students consider what a business offers, who its customers might be, and what it takes to turn an idea into a plan.

Whether you're teaching an economics unit, introducing entrepreneurship, or looking for a hands-on financial literacy project, this resource gives students an opportunity to put their learning into practice.

What’s Included

• Step-by-Step Teacher Directions

• Student Checklist to guide them through the project

• Business Brainstorm Worksheets

• Business Plan Outlines with Guided Questions

• Optional Product Design and Advertising Worksheets

• Easy-to-Grade Rubrics

• Student Samples

What Students Will Learn

• Develop a business idea and identify a product or service.

• Consider customers and their needs.

• Think about the resources needed to run a business.

• Make decisions about costs, prices, and earning money.

• Organize their ideas into a business plan.

• Apply economic concepts to a real-world scenario.

Why Use This Entrepreneurship Project?

1. Connect economics to real life. Students see how economic concepts apply to the businesses they encounter in their communities.

2. Encourage creative thinking. Students develop their own business ideas and consider how to make them work.

3. Build financial literacy. Students begin exploring the relationship between resources, costs, prices, and revenue.

4. Practice planning and problem-solving. Students organize their ideas, make decisions, and explain their reasoning.

Perfect For

• Elementary economics units

• Entrepreneurship projects for kids

• Business plan projects for students

• Financial literacy activities

• Project-based learning (PBL)

• Social studies enrichment

• End-of-unit economics projects

Make Economics Meaningful

Help students move beyond learning economic vocabulary to applying what they know. This business plan project gives students a practical way to explore entrepreneurship, make decisions, and think like business owners.

Use it as a standalone economics activity or as a culminating project after lessons on goods and services, producers and consumers, resources, and earning money.