Young EntrepreneursGrade 4 Social Studies for Kids

How to start a small business: idea, costs, price and profit.

Young Entrepreneurs teaches fourth graders that an entrepreneur starts a business to solve a problem. Kids learn about costs, prices and profit, and plan the steps of a lemonade stand in the right order.

  • Grade 4 · Ages 9–10
  • 1 lesson
  • 1 game
  • 4 practice questions
  • About 10 min
  • Learn it
  • The Why? question
  • Business Plan
  • Business Quiz

Social Studies course · Grade 4

Young Entrepreneurs · Learning goals

What Your Child Will Learn

An entrepreneur starts a business to solve a problem. Learn about costs, prices and profit, and plan the steps of a lemonade stand in the right order.

  • Business Plan

Why it matters

Why This Matters for Kids

  • Money math

    Costs, prices and profit put math to work in a real situation.

  • Problem solving

    Entrepreneurs look for problems to solve, a creative skill for any career.

  • Confidence

    Planning a business helps kids believe they can make their ideas happen.

Inside Young Entrepreneurs

How the Course Works

A short read-aloud lesson first, then hands-on games and a quiz to lock it in.

  1. Step 1 · Lesson

    Learn it

    A short read-aloud lesson in 5 steps.

  2. Step 2 · Think

    The Why? question

    Why should a business solve a real problem?

  3. Step 3 · Timeline game

    Business Plan

    Put the steps of starting a lemonade stand in order.

  4. Step 4 · Quiz

    Business Quiz

    4 questions to check what stuck.

Lesson preview

A Peek Inside the Lesson

This is the real lesson text your child hears, read aloud by a friendly voice.

An entrepreneur is someone who starts a business.

Good businesses solve a problem or fill a need. Thirsty people want lemonade!

Costs are what you spend: lemons, sugar, cups.

Profit is the money left after you pay your costs.

Kids around the world have started businesses: selling crafts, baking or recycling.

For parents

Try It at Home

Learning sticks best when kids use it in real life. Here are simple ideas from this course.

Parent Tip

Plan a small business together, like a lemonade stand or bake sale. List the costs, choose a price and work out the profit.

Talk About It

Why should a business solve a real problem?

  • People will want to buy it
  • It helps the community
  • It's more likely to succeed

Practice

Grade 4 Social Studies Practice Questions

Real questions from Young Entrepreneurs. Try them with your child, then tap to see the answer.

  1. Question 1

    Someone who starts a business is an…

    • A.Explorer
    • B.Entrepreneur
    • C.Engineer
    Show answer

    Entrepreneur

  2. Question 2

    Money you spend to make your product is…

    • A.Costs
    • B.Profit
    • C.Taxes
    Show answer

    Costs

  3. Question 3

    Money left after paying costs is…

    • A.Supply
    • B.Demand
    • C.Profit
    Show answer

    Profit

The full course has 4 questions with instant feedback, stars and rewards. Create a free account to play them all.

Young Entrepreneurs · Questions from parents

Frequently Asked Questions

What age is this course for?

Young Entrepreneurs is a grade 4 social studies course for kids ages 9–10. That is Year 5 social studies in the UK and Year 4 in Australia. It also works well for review in the next grade, or as a challenge for a confident younger learner.

What will my child learn?

An entrepreneur starts a business to solve a problem. Learn about costs, prices and profit, and plan the steps of a lemonade stand in the right order. Along the way they practice: Business Plan.

How long does the course take?

About 10 minutes in total, split into 3 short levels. Most kids finish it over two or three sessions. Progress is saved, so they can stop any time and pick up where they left off.

Is this course free?

Young Entrepreneurs is part of SkillBloom Premium, which unlocks every course in every subject. Each subject also has free courses, so your child can try SkillBloom before you decide.

Does my child need to read well to use it?

No. Every lesson has a friendly read-aloud voice, questions are read aloud too, and the pictures help kids follow along. Confident readers can turn the voice off.

Can we use it for homeschool?

Yes. SkillBloom is built for homeschooling families. Kids work through lessons, games and quizzes on their own, and the parent dashboard shows what they finished and which skills need more practice. It works on phones, tablets and laptops.

Keep learning

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