Kid Entrepreneurship - Business Launch Plan (7-12 year olds)

Follow Jane Jeong, a fifth-grade girl in Shin Jin, China, as she dreams of starting a business to spend time with family and explores software, medical supplies, and container ports.

Organize businesses into broad industries to group similar types, such as food or education. Break industries into smaller groups by what they sell, like footballs or gloves.

Discover what a service is, the action of doing work for others, using examples like pool cleaning and haircuts, and why skill and licensing matter.

Value is the benefit a product provides, and entrepreneurs should excel at one or two values. Make speed your skateboard's value by prioritizing fast trucks and bearings to stand out.

Brainstorm your business idea by choosing an industry and deciding between a product and a service. Teach kids to make slime online via video conferencing to provide accessible learning.

Identify your target market by age, location, interests, and lifestyle to save time and money, ensuring your product appeals to the right customers.

Identify essential business costs for a grocery store, such as electricity and water, and explore cost-cutting strategies like using cheaper TVs, bulk purchases, and holiday sales.

Follow Enzo's story in Milan as he learns that profit comes from making profitable shoes, especially men's dress shoes. A small factory can earn a living without costly expansion.

Explore pricing strategies like bundles and buy-one-get-one offers to attract customers, showing how perceived cheaper endings such as 9.99 can boost purchases with examples from consoles and shampoo.