When the weather is nice outside, kid-run lemonade stands start to pop-up in suburbia. All of our kids have a natural entrepreneurial spark, so lets encourage and explore that further! In addition to writing a business plan (using a kid-friendly template), we will be learning about profits versus revenue, how to balance cash flows and even about the stock exchange through a fantastic set of kids business games! And don’t forget to join our Facebook Group and like our Facebook Page, so you won’t miss out on any of our educational fun!
If you prefer off-line games, then you should make a family game night out of playing Managing My Allowance and Monopoly The conversations that will ensue and the learning that will happen will amaze you!
✏ Kid’s Business Plan Template
Learn how to write your very own business plan by using the following kid’s business plan guide and template! Take it a step further by asking your child meaningful questions. Is their business viable? If not, what would they need to do to make it so? http://bizkids.com/…/wp-cont…/uploads/Kids-Business-Plan.pdf
🧮 Math: Kidpreneur Business Games
Learn about the math involved in running a successful business with these fantastic games!
- Put your math skills to test with this Lemonade Stand game. You will learn about budgeting, profits, expenses and more: https://www.coolmathgames.com/0-lemonade-stand
- Marty Raygun’s Firstful of Dollars is a great game, especially for more advanced kids. You have to balance business cash flows each month, while trying to make your business as profitable as possible https://sims.myej.org/fistfulofdollars/
- Piggy Bank Fantasy Stock Exchange is amazing, particularly for more advanced kids. It is supported in real time by the London Stock Exchange! https://www.fantasystockexchange.biz/
📚 Reading: Kids Vocabulary Expanding Non-Profit
Another important component for all businesses (in my opinion) is to give back! In addition to expanding your child’s vocabulary, the following website actually donates grains of rice for every problem you do! In fact, 100% of money generated on FreeRice.com is donated to the World Food Programme. This is also an excellent time to talk with your kids about the differences between a non-profit organization and a for-profit business. As a side bonus, if you want your child to practice vocabulary words in another language, the website also offers Spanish, Latin, French, Italian, Czech and German! https://freerice.com/
Science: Scratch Code a Google Logo
When starting your own company, a logo is very important. Increasingly, computer coding is also a non-negotiable for kidpreneurs. So lets take a look at both, while exploring Google!
- Read this article about how Google was started (in a garage by two young, college students!): https://about.google/intl/en_us/our-story/
- Learn how to write Scratch code to make your very own animated Google Logo: https://hourofcode.com/googlelogo
- Want to delve deeper into learning to code? Definitely checkout the following resources for free kids coding lessons!
And the most fun part… share a photo of your business plan, a video of your child explaining their business concept, or of any of the other fun activities from this lesson plan on Facebook! Make sure to include a link to this website or to our Facebook Group and Facebook Page, so that we can see it too! I’ve purposefully added a lot of options for parents who need to keep their kiddos occupied for more time and to allow you to cater to your children’s preferences