Your Business Startup Work Book for Teens

YOUR STARTUP BUSINESSPLAN

TEENS EDITION

BUSINESS PLAN

Use the sections below to outline key components of your business plan. Write down your ideas & aspirations for each section.

BUSINESS IDEA/VISION

What is your idea?

Is it a product or a service?

What makes your idea different?

How will it stand out from the competition? What will be your edge?

Why would people want to buy?

BUSINESS NAME

What is your Business Name?

What does this name say about your business?

Is it unique? Easy to pronounce? Memorable?

Expenses

Pricing

Proﬁt

Are you hiring? If so, how many and how much will it cost?

TARGET MARKET

Customers: Who will your customers be?

Location: Where do they live?

Demographics:

MARKETING STRATEGY

How will you get the word out about your business? Online? Posters? By Email?

Do you have competitors? What is your SWOT analysis?

Vision board

Create a focused vision board centered on entrepreneurship. Visualize your business ideas, goals, strategies, and the path towards entrepreneurial success.

GOALS

Entrepreneurial Identity & Inspiration

Visualize successful Black Entrepreneurs who inspire you.

Choose images or quotes that reﬂect your entrepreneurial spirit.

Business Ideas & Innovation

Include images or symbols that represent innovative ideas & solutions. Visualize the type of business or venture you want to create.

Skills & Knowledge

Entrepreneurial Identity & Inspiration

Identify skills & knowledge you need to develop as an entrepreneur

Choose images or quotes that inspire continuous learning & growth.

Business Plan & Strategy

Include symbols or images representing organizational growth & success. Visualize your business plan & strategic goals.

GOALS

Financial Goals & Stability

Visualize ﬁnancial stability & success for your business.

Include images or symbols representing ﬁnancial independence & proﬁtability

Marketing & Branding

Visualize how you will market & brand your business.

Include images or quotes that inspire eﬀective communication & customer engagement.

Networking & Support

Identify the importance of building a support system & networking.

Choose symbols or images representing mentorship, collaboration, and community

IS SOMEONE WHO…

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Your Business Startup Work Book for Teens

Published on Aug 29, 2024

Ladies Corner Magazine

Created by the Financial Empowerment Initiative, this workbook on financial literacy for teens is designed to equip young minds with the essential skills needed to manage money wisely. Through interactive activities and real-life scenarios, teens will learn about budgeting, saving, and smart spending. The workbook covers key concepts like understanding credit, avoiding debt, and the importance of investing early. It encourages teens to set financial goals and make informed decisions that align with their future aspirations. With easy-to-follow instructions and practical tips, this resource makes learning about money both fun and accessible. By the end of the workbook, teens will feel confident in their ability to take control of their financial future. This is more than just a guide—it's a stepping stone to lifelong financial empowerment.