Kids Business Plan Template
A business plan sounds fancy, but for kids it is really just answering a few important questions before you start selling. Writing it down helps you think clearly, avoid mistakes, and explain your business to others. Here is a simple template any kid can use.
Section 1: What Am I Selling?
Describe your product or service in one or two sentences. What is it? Why would someone want it? Be specific: not just 'bracelets' but 'custom beaded name bracelets in any color.' The clearer your description, the easier it is to sell.
Section 2: Who Will Buy It?
Who is your customer? Kids at school, parents looking for gifts, neighbors, people online? Write down 3 types of people who would want your product. Knowing your customer helps you decide where to sell and how to market.
Section 3: How Much Does It Cost to Make?
List every supply you need and its cost. Beads: $5 for 100 (5 cents each). String: $2 for a roll (makes 50 bracelets, 4 cents each). Total per bracelet: $0.09. Knowing your cost per item is the foundation of smart pricing.
Section 4: How Much Will I Charge?
Your price should be at least 2-3 times your cost. If a bracelet costs $0.09 to make, charging $3-5 is reasonable. Research what similar products sell for. Do not underprice because you are young. If your product is good, people will pay a fair price.
Section 5: How Will People Find Me?
Write down 3 ways you will get customers. Examples: set up a table at a family event, post photos on a parent's social media, list products in an online shop, hand out flyers at school, ask satisfied customers to tell friends.
Section 6: My Goals
Set a goal for your first month: sell 20 bracelets, earn $50, get 5 repeat customers. Goals give you something to work toward. After your first month, look at your results and set new goals. A business plan is a living document that grows with you.
Ready to Start?
Once your plan is done, set up your free LilBizee shop and start selling. Your plan becomes real when you list your first product.
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