Home›Lesson Plans›Social Studies›Financial Literacy · Grade 6

Entrepreneurship

Sixth graders learn how a small business starts — an entrepreneur gets an idea, makes a plan, creates the product, sets a fair price that covers costs, and sells for a profit. They put the steps of starting a business in order.

Grade 6Entrepreneurship50 minutes1 class periodEconomics · C3Explicit teaching4 StandardsC3 / NSPFE
Start the Lesson
Lesson at a Glance

Everything you need before the bell rings

Learning Objectives

Students will be able to…

  • ✓Explain entrepreneurship.
  • ✓Cover costs with price.
  • ✓Order the steps.
  • ✓Find the profit.
Essential Question

How does someone turn an idea into a business? An entrepreneur follows clear steps. What are they?

0
Lesson Phases
0
Vocabulary Terms
0
Standards Aligned
0
Interactive Task
Put in Order · Interactive

Order the Business Steps

Project this and have students put the steps of starting a small business in order.

🚀 Put the business steps in order!Try it
Tap the first step!
The Lesson · Inquiry Flow (Hook · Explore · Practice · Apply · Reflect)

50 minutes, five moves

Tap any phase to open the teacher moves and student actions.

1

Hook — From Idea to Business

5 min

How does someone turn an idea into a business? Follow the steps!

👩‍🏫 Teacher Moves

  • Show a lemonade-stand idea.
  • Ask what comes first.
  • Set the goal.

🎒 Student Actions

  • Look.
  • Think.
  • Get ready.
2

Explore — Entrepreneurship

12 min

Students explore.

👩‍🏫 Teacher Moves

  • Present the steps.
  • Note price must cover cost.
  • Note profit = price − cost.

🎒 Student Actions

  • Listen.
  • Note it.
  • Note it.
3

Practice — Order It

13 min

Students practice.

👩‍🏫 Teacher Moves

  • Send students to Order the Business Steps.
  • Put it in order.
  • Explain.

🎒 Student Actions

  • Order.
  • Say.
  • Explain.
4

Apply — Apply

11 min

Students apply.

👩‍🏫 Teacher Moves

  • Plan a small business.
  • Set a price that covers costs.
  • Share your plan.

🎒 Student Actions

  • Plan.
  • Price it.
  • Share.
5

Reflect — Reflect

5 min

Students close.

👩‍🏫 Teacher Moves

  • Say what an entrepreneur is.
  • Explain profit.
  • Complete the exit ticket.

🎒 Student Actions

  • Say it.
  • Explain it.
  • Complete the exit ticket.
Standards Alignment

Built to the standards you report on

Aligned to the C3 Framework (Economics) & the National Standards for Personal Financial Education.

C3
D2.Eco.2.6-8

Explain entrepreneurship.

NSPFE
Earning Income

Understand business income.

C3
D2.Eco.1.6-8

Explain costs & profit.

C3
D4.7.6-8

Take informed action (a plan).

Differentiation

One lesson, every learner

Multilingual Learners

ELL / EMERGING READERS
  • Business-step cards.
  • Sentence frame: “First ___, then ___.”
  • Use a business plan mat.

Support & Access

IEP / 504
  • Start with “idea” and “sell.”
  • Order two at a time.
  • Use pictures.

Stretch & Extend

GIFTED / EARLY FINISHERS
  • Write a full business plan.
  • Calculate profit.
  • Pitch your idea.
Materials

What to gather

  • 📽️Screen / board
  • 📋A business plan mat
  • 💻Order the Business Steps
  • 🪙Play money
  • ✏️Notebooks
  • 🎫Exit-ticket slips
Vocabulary

Key terms — hover for a quick definition

entrepreneursomeone who starts a businessideathe product or serviceplanwhat you need to docostmoney to make itpricewhat you chargeprofitprice minus costbusinessan activity that earns moneyselltrade for money
Evaluate

Exit Ticket

Preview the three formative checks. Tap “Sample answer” to see what mastery looks like — hide them before you print for students.

QUESTION 1
What is an entrepreneur?
Someone who starts and runs a business.
QUESTION 2
Why must a price cover the costs?
So the business earns a profit instead of losing money.
QUESTION 3
How do you find profit?
Subtract the cost from the price.

Reflect: entrepreneurship.

Have students plan a tiny business and set a price that covers its costs. A printable entrepreneurship sheet is in the Social Studies library.

Study · Flashcards

Study the key terms

Tap a card to flip it, then rate whether you knew it. Built from this lesson’s vocabulary.

🃏 EntrepreneurshipFlip
Card 1
Term
Tap to flip →
Meaning
0

Nice work!

Practice · Quiz

Check your understanding

A quick self-check with instant feedback, drawn from this lesson’s key terms.

📝 EntrepreneurshipQuiz
Score: 0
1 / 6
Question 1
0%

Nice work!

Practice · Worksheet

Printable worksheet

A print-and-go review sheet with a built-in answer key. Tap “Show answer key” to reveal answers, or print the clean version for students.

🖨️ EntrepreneurshipPrint
Name: ________________________
Date: ____________

Part A · Write the word that matches each meaning

Word bank: business, cost, entrepreneur, idea, plan, price, profit, sell
  1. what you charge
  2. the product or service
  3. someone who starts a business
  4. money to make it
  5. price minus cost
  6. what you need to do
  7. trade for money
  8. an activity that earns money

Part B · Show what you learned

  1. What is an entrepreneur?
  2. Why must a price cover the costs?
  3. How do you find profit?
Answer key — Part A: 1) price · 2) idea · 3) entrepreneur · 4) cost · 5) profit · 6) plan · 7) sell · 8) business
Part B: 1) Someone who starts and runs a business. 2) So the business earns a profit instead of losing money. 3) Subtract the cost from the price.