Auto detailing Have a meticulous eye for detail and love to get things gleaming clean? Auto detailing is probably a perfect side business for you.
But parents may be reluctant to support or fund the start-up costs for the business without a solid business plan.
A good business plan lists the expected start-up costs, the purpose of the business, a marketing plan and the expected profit from the business. A party planning, baby-sitting or lawn care business are all examples of businesses that kids can do on their own.
Come up with a mission statement or purpose for the business. For example, if you want to operate a baby-sitting service, state the service you will offer, the kind of care you want to provide and how your baby-sitting service will be different from others.
List the operating and start-up costs associated with beginning a business. This can include any training you need, such as CPR training if you are going to baby-sit, and the cost of marketing your business to people in your area. If you need additional equipment such as toys for a baby-sitting box or a lawnmower or weed eater, list those costs as well.
Create a marketing plan as part of your business plan. This can include creating fliers and business cards to deliver to neighbors, creating a website if you plan to sell things online or discounts for referrals to current clients.
Determine how much you will charge for your services. For baby-sitting you may charge per child per hour. For lawn care, you may charge per service and the size of the yard or have a monthly fee according to how often they want you to mow the lawn. If you are doing a party planning business, you should charge for party supplies as well as the time you are required to be at the party.
Put your proposal in a folder and present it to your parents. This is good practice for when you start a business as an adult. If you plan on paying the money back, tell them when you will do this and set up a payment plan with a set monthly payment.
Implement your plan and begin earning extra money. As you operate your business, you may see areas where you need to make adjustments, such as your fees or the costs of operating the business.
Make these adjustments as needed. She earned her bachelor's degree in English from Brigham Young University. Among her many jobs, Miriam C has taught middle-school students. She's written for Families.Business Activities For Kids.
Collection by TrueSmarts. Here are some great activities to help you children learn key business and entrepreneurial skills. Follow. Business Builder: Here is a fantastic and simple business plan builder from All Terrain Brain.
See more. Kids Business Names Raise your business to new heights of success with a children-focused business name from Novanym Whether you are a new child care venture or a comeback kid company preparing for a rebrand, all kids-focused businesses must take the perception of parents into account.
The marketing and sales plan section of your business plan details how you plan to reach your target market segments, how you plan on selling to those target markets, what your pricing plan is, and what types of activities and partnerships you need to make your business a success.
Supporting documents for this lesson plan: Simple Business Plan, Sample Market Research Survey, Projected Income Statement Overview: Creating a school garden business can be an exciting venture for students offering real-world challenges and benefits.
Need a business plan but not sure where to start? Get inspired with our collection of free sample business plans, all in SBA-approved format and available in their entirety online.
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