Always do a full preflight on the student's plane, then check control surface movement, then ask the student how much they know about how the plane moves in the air (which control does what). This last bit may surprise you, and will show you where you have to start.
Absolutely use a Buddy Box. It makes your job a LOT easier!
Once you've instructed on the ground stuff, like safely starting the engine, how to tune it, using a restraint to hold the plane while running up the engine, battery charging, etc., etc.... But before you head for the runway, explain what the first flight will be like. That you will get the plane up there, and will have them take control once they are comfortable. You will have them try to do a level circuit of the field, and that you will talk them through it.
I also always tell them that if they are ever uncomfortable, or just need a moment to calm down, that they should let me know. I can take control for a while so you can catch your breath.
Then take off and get the plane to a safe altitude, again explain what you want the student to do. (Fly a level oval pattern for example.) Once the plane is flying straight and level, ask them if they're ready. If they say yes, then tell them, "It's your airplane", as you pull the switch.
Always tell them when you transfer control to them, OR when you take back control for any reason. Even if they have asked you to.
Be prepared to talk with them continuously. "OK, I want you to start a gentle turn to the right with a little aileron." "Remember you'll have to feed in a little up elevator to maintain altitude." "OK, a little more up, now ease off the ailerons."
You get the idea. It seems to work best for me when I give them a running dialog of what to do for the first flight or two.
Once the plane is back on the ground, it also seems to help to talk about the flight. Ask them what they liked, what they were comfortable with, and uncomfortable with. Ask if they want your constant chatter.

It makes some more nervous. But I always try to debrief after a flight. It helps you learn what they need too.
Good luck, and above all, try to enjoy the experience.
Dennis-