Learning By Topic KS1: Mathematics and Entrepreneurs And Enterprise

When you start a business it will cost you money before you make any. Have a think about why this might be. Discuss with an adult how you could go about getting the money (financing) a small business. How much will you need to start out? Can you make a list of all the things you would need to purchase before selling your product? What is the total?

How much will you sell your product/s for? Remember you need to cover your expenses and you want to make some profit too.

Talk to an adult about loans and interest rates to gain an understanding of how borrowing money from banks works.