Ernie's Business Idea Worksheet
Turn a helpful idea into a tiny business plan with Ernie.
Free · 2 pages · US Letter · Student sheet + grown-up guide
“Turn your ideas into opportunities!”Make your plan
Online practice stays on this page. Download the PDF to keep a paper copy.
A question to grow on.
Who would your idea help? What supplies, time, and grown-up support might it need?
Grown-up notes & answer guide
Keep this a pretend project unless a grown-up helps choose a safe, age-appropriate real activity.
Sales revenue is the price per item multiplied by the number sold. Profit in this simplified example is revenue minus all listed costs.
Money earned from sales is not all profit. If costs are higher than sales revenue, the example has a loss.
Answer key / example: Example: 5 cups at $2 each earn $10 in sales. Subtract $4 for supplies to get $6 left after costs. This simplified example has no other costs.
Vocabulary reference: CFPB youth financial education glossary.