Looking for a way to get your kids away from video games and get
involved with their financial education? Well this Sunday May 3rd 2009
is Lemonade Day! Yes, Lemonade Day introduces kids to entrepreneurship! The goal of this city-wide event is to get kids to start and sell their own lemonade to the community. This reminds me of the first task from the hit TV show, The Apprentice.
Key Points when Starting Your own Lemonade Stand
Supplies
Get Stuff for Cheap but high quality. With any business overhead is
tough, so focus on having a high margin and be sure to use
environmentally friendly cups. Remember Going Green can also make you
green. Use this to your advantage when selling your lemonade.
Marketing
Remember it’s about getting the word out as fast as possible. Leverage
online marketing for offline results. Focus on posting fliers on local community boards online such as Craigslist as well as offline such as
the Train station.
Location, Location, Location
If you want to make the most bang for your buck, focus on time and
location. Set up your stand near a park where a baseball or soccer
game is happening. Also look at setting up your stand on a busy
street, but be sure to use signs to attract customers. If your
location is not working, act fast and change it!
Good Luck!
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