Business Models Planning

Unit: Entrepreneurship in Action

Lesson 8 of 12

Duration: 60 minutes

Year Level: 5 - 6

Class Size: 110 students

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Learning Objectives

By the end of this lesson, students will be able to:

• Identify and describe different types of business models (e.g., product-based, service-based, subscription, franchise).
• Understand the purpose and key components of a business plan.
• Apply entrepreneurial thinking to create a simple business model canvas for their own business idea.
• Collaborate with peers to develop and share business planning concepts.

Australian Curriculum Alignment:

• Technologies (Design and Technologies) - Years 5 and 6
  • AC9TDE6P05: Develop project plans including resources, roles, and milestones to individually and collaboratively make designed solutions.
• Humanities and Social Sciences (HASS) - Economics and Business (Years 5 and 6)
  • Understanding different business types and the role of planning in creating successful enterprises (embedded through entrepreneurship contexts).
• General Capabilities
  • Critical and creative thinking (developing innovative business models).
  • Personal and social capability (collaborative planning).
  • Literacy (constructing business plans using specific vocabulary).

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Lesson Overview

Time	Activity	Description	Resources
0–10 min	Introduction & Engagement	Introduce business models with real-world examples (famous local businesses). Discuss why businesses need plans. Encourage questioning.	Whiteboard, business images or videos
10–20 min	Mini-Lecture: Business Models & Planning	Teach key business model types; explain the Business Model Canvas framework and importance of planning.	Visual presentation/slides with the Business Model Canvas template
20–40 min	Activity 1: Create Your Business Model Canvas	Students work in small groups to draft a simple business model canvas for their entrepreneurial ideas. Teacher circulates to scaffold and support.	Printed Business Model Canvas templates, markers, worksheets
40–55 min	Activity 2: Share and Reflect	Groups present their canvases briefly to another group or the class using clear language. Discuss similarities and differences.	Group presentations, peer feedback sheets
55–60 min	Wrap-up & Homework	Summarise key learnings. Set homework to refine their business ideas and think about resources needed for their plan.	Planning journal or workbook

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Detailed Lesson Plan

0 – 10 minutes: Introduction & Engagement

• Hook: Show images or short clips of local businesses (cafes, toy shops, online sellers).
• Ask: What do these businesses do? How might their operations differ?
• Discuss the idea that every business follows a "model", or a plan, that helps it work successfully.
• Introduce why a business plan is important (e.g., helps organise ideas, set goals, know resources needed).

Teacher notes: Relate to students’ real-life experiences with wanting to start something—selling lemonade, pet-sitting, etc.

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10 – 20 minutes: Mini-Lecture – Business Models & The Business Model Canvas

• Explain different types of business models (examples simplified):
  • Selling products directly (e.g., cupcake stall)
  • Providing services (e.g., lawn mowing)
  • Subscription (e.g., book club)
  • Franchise (e.g., popular fast food chains)
• Introduce the Business Model Canvas as a tool entrepreneurs use to organise ideas clearly.
• Components of the Canvas:
  1. Customer segments – who will buy?
  2. Value proposition – what is the business offering?
  3. Channels – how will the business reach customers?
  4. Customer relationships – how to keep customers happy?
  5. Revenue streams – how will money be made?
  6. Key resources – what is needed to run the business?
  7. Key activities – what tasks must be done?
  8. Key partners – who helps the business?
  9. Cost structure – what are the main costs?

Use visual aids and examples relatable to Year 5–6 students.

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20 – 40 minutes: Activity 1 – Create Your Business Model Canvas

• Students are divided into small groups (5 per group recommended).
• Each group picks or is assigned an entrepreneurial idea (can be from their prior ideation in this unit).
• Provide printed Blank Business Model Canvas templates and worksheets guiding each section.
• Teacher circulates, asking guiding questions:
  • "Who will want to buy your product or service?"
  • "What makes your idea special?"
  • "What do you need to get started?"
• Encourage detailing but keep answers simple and clear.
• Groups use markers to fill in the canvas.

Learning focus: Collaboration, entrepreneurial vocabulary, clear communication of ideas, linking business concepts to real actions.

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40 – 55 minutes: Activity 2 – Share and Reflect

• Groups pair up to share their Business Model Canvases.
• Each group briefly presents their idea (2-3 minutes).
• Other groups give positive feedback or ask questions about the business model.
• Teacher highlights good examples and clarifies any misconceptions.

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55 – 60 minutes: Wrap-up and Homework

• Recap: Why was creating a business plan useful? How will it help entrepreneurs?
• Homework: Refine their group’s business model canvas or start thinking about their business plan’s next parts (resource needs, timeline).
• Optionally, ask students to write a brief paragraph about which part of the business model they found most interesting.

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Assessment for Learning

• Informal assessment through observation of group work and participation.
• Checklist for completion of Business Model Canvas with accuracy and understanding.
• Use peer feedback sheets during presentations to assess communication skills and entrepreneurial thinking.
• Homework journal entry to check understanding and reflection on the business planning process.

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Resources and Materials

• Business Model Canvas Template (large poster size and printed copies for groups).
• Markers and pens.
• Visual aids: photos/videos of local businesses and models.
• Worksheets guiding the Canvas sections.
• Peer feedback sheets.

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Differentiation and Inclusion

• Provide sentence starters and vocabulary word banks for students needing language support.
• Groups mixed by ability for peer assistance.
• Use visual icons and examples suitable for diverse learners.
• Adjust group size if necessary for class management.

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This lesson plan integrates the Australian Curriculum Design and Technologies content (AC9TDE6P05) focusing on project plans and resource considerations, tailored for Year 5 and 6 students. It encourages hands-on social learning aligned with entrepreneurial skills and business understanding relevant to their emerging capabilities.

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If you want, I can generate printable templates for the Business Model Canvas and peer feedback sheets to support this lesson. Would that be helpful?