Procedures for setup and operation of a school or class business are provided for the teacher in the basic guide. Steps for planning, running, and closing out a business are presented. The guide is designed for the elementary level, but each step is adaptable for use at any level from primary grades through high school. Many options are included, so that all steps and processes may be adjusted to suit individual needs and goals. Appended are decisionmaking and occupational areas, possible objectives, activities, forms, and charts. (Author/MF)