Encourage Entrepreneurship in Your Kids with Their Own Lemonade Stand

By Marijo Tinlin March 3, 2011 2 Comments   

Krystal Fuller’s young son, Leif, wanted to raise some money for St. Jude’s Children’s Research Hospital, after seeing an ad on television a couple of years ago. He set up a table and chairs, made lemonade and brought home $8 that day. 

Leis’ dad, Thomas, a fence builder, and Krystal thought it might be fun to build something a little more substantial so they came up with the design that has become Lola’s Lemonade Stands (www.lolaslemonadestands.com). Lola is their 6-year-old daughter’s name; they also have a 7-year-old son named Liam.

The stand, made almost completely of reclaimed wood, is sturdy and sparkles. In addition to the wood frame, the stand includes a money drawer with crystal knob pull, a shelf for cups and supplies, and eye-catching gold metallic fringe.

It also comes with the “Lemonade” marquee sign but kids will need to paint the price on the front after they get the stand.

After the Fullers built their first stand, Krystal says people were stopping in front of their house and asking about the stand. It will get a lot of attention if you purchase one for your children.

Your kids can raise money for a charity cause, a neighbor in need or just a little bit of pocket money. If they find the perfect spot (check local regulations, so your young businessman or woman doesn’t get shut down), your kids should do great.

The Lola’s Lemonade Stand website offers all kinds of fun links and information. Besides offering the stands themselves, they also give links to other lemonade sites, recipes and selling tips including:

  • Always wash your hands
  • Never operate a stand alone
  • Use tongs to handle ice
  • Never approach a car to sell your goods
  • Bring a cooler, ice, plastic cups and a plastic pitcher
  • LOCATION, LOCATION, LOCATION – if you live on a quiet cul-de-sac, your customer base is limited. Pick a busy location such as a ball park, church lot or charity.

This is a great opportunity to talk to your kids about making money, handling money, making change, what products to offer, what products sell best, etc. You can teach math concepts, business concepts and customer service relationships. Then they can decide what to do with their earnings!

Check out Lola’s website (www.lolaslemonadestands.com) and also follow them on twitter – @LemonadeLola.

Share Button

Tags: , , , , , , , , , , , , , , , Business, Kids
2 Comments to “Encourage Entrepreneurship in Your Kids with Their Own Lemonade Stand”
  1. Jerry Joyce says:
    We are doing an ice cream bar stand this year, we live next to Amish... no freezer and little transportation. I explained to my 7 year old that he has a captive market!

Leave a Reply

(required)

(required)


Current ye@r *