Dear Parents...
Lemonade stands are a classic way for children to wet their feet in the business world. The logic behind having a lemonade stand is this: kids will be able to have some independence, kids will meet other members in their community, and kids will have an opportunity to earn cash and practice good financial practices. Simple materials needed for a basic lemonade stand include:
Once you have these basic supplies. Make sure to help find a good location to set up the lemonade stand also make sure you keep an eye on them but not too close, somewhere across the street works. If the business is a hit (which it should be, any revenue whether it be only $5 is good news to a kid), then you can gather the neighbor hood kids up together and position them across the neighborhood. For those overachievers out there this book has some great tips and could motivate your children, Alex and the Amazing Lemonade Stand.
If you are looking for some opportunities to extend this learning adventure, here are some great options:
For those who want more information about running a lemonade stand, this book has some great tips and could really motivate your child! Check out Alex and the Amazing Lemonade Stand!
Throughout this learning adventure, hopefully your child will learn many new things. We hope that among those things it includes:
- Lemons or lemonade powder
- Sugar
- Pitcher
- Card Table (or you can build your own stand from scratch!)
- Tablecloth
- Chairs
- Poster board (have to have signs to reel in your costumers!)
- Markers
- Tape
- Pitcher
- Ice
- Other treats (optional)
- Cups
- Napkins,
- Money jar or pouch
- Extra cash and coins for change
Once you have these basic supplies. Make sure to help find a good location to set up the lemonade stand also make sure you keep an eye on them but not too close, somewhere across the street works. If the business is a hit (which it should be, any revenue whether it be only $5 is good news to a kid), then you can gather the neighbor hood kids up together and position them across the neighborhood. For those overachievers out there this book has some great tips and could motivate your children, Alex and the Amazing Lemonade Stand.
If you are looking for some opportunities to extend this learning adventure, here are some great options:
- Take a tour of the World of Coke- this will allow for more insight on the process of running a beverage business
- Expand your child's business- have them make flyers and post them around the town, get the word out!
- Take a trip to other lemonade stands- this will allow your child to see how other kids their age run a lemonade stand
For those who want more information about running a lemonade stand, this book has some great tips and could really motivate your child! Check out Alex and the Amazing Lemonade Stand!
Throughout this learning adventure, hopefully your child will learn many new things. We hope that among those things it includes:
- MKT-MP-2 Demonstrate an understanding of concepts, strategies, techniques and systems used in communication, teamwork, human relations, problem solving, critical thinking, personal branding and career development (areas commonly referred to as “soft skills”).
- MKT-MP-7 Acquire foundational knowledge of marketing information and research to understand the scope on business and marketing decisions.
- MKT-MP-6 Employ financial knowledge and skill to facilitate marketing decisions.
- Your child will learn the proper way to make lemonade
- Your child will learn the proper way to gather supplies necessary to run a business
- Your child will learn how to be independent!