Having a lemonade stand may seem like all fun and games to children, but did you know that many entrepreneurs start their first business by the time they are 10 years old?
2. Pricing Products Correctly
Selling a cup of lemonade for a few pennies is cute, but does it help recoup their costs?
By helping your child learn how to price their product and figure out how much money they actually need to charge in order to make a profit, you are teaching them valuable business skills long after the last drop of lemonade is gone.
3. Perseverance
Owning a business is hard! Your child’s first lemonade stand is a great way for them to learn some persistence. Because buyers may come or they may have to wait for a long time.
Their lemonade recipe may be a dud and they have to start over. It’s a great way for kids to learn some persistence and grit.
4. How to Interact With Customers
Customer service and interpersonal relationships are skills that everyone needs. Running a lemonade stand is a great place to start building those skills.
5. Good Design and Presentation
Get your kid’s lemonade off to the right start with our beautifully designed banners and signage, as well as menus and invites to get customers through the metaphorical door.
This lemonade stand kit is perfect for pretend play or an actual lemonade stand!
Having a lemonade stand is more than just play, it can be the first step to kids learning great business skills.
Here are five things that kids can learn from running a lemonade stand.
1. How To Manage a Budget
When your child decides to start a lemonade stand there are start-up costs, so they need to decide who is going to pay for those and how much money is available.
Help them to come up with a list of things they will need to start up their business and figure out the pricing for each item. This is a great way to teach them to budget.
Another aspect of budgeting comes in when your child earns some money and they need to decide what to spend, what to save, and possibly what to reinvest in their business.
How Can I Get the Lemonade Stand Printables?
1. How To Manage a Budget
When your child decides to start a lemonade stand there are start-up costs, so they need to decide who is going to pay for those and how much money is available.
Help them to come up with a list of things they will need to start up their business and figure out the pricing for each item. This is a great way to teach them to budget.
Another aspect of budgeting comes in when your child earns some money and they need to decide what to spend, what to save, and possibly what to reinvest in their business.
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2. Pricing Products Correctly
Selling a cup of lemonade for a few pennies is cute, but does it help recoup their costs?
By helping your child learn how to price their product and figure out how much money they actually need to charge in order to make a profit, you are teaching them valuable business skills long after the last drop of lemonade is gone.
3. Perseverance
Owning a business is hard! Your child’s first lemonade stand is a great way for them to learn some persistence. Because buyers may come or they may have to wait for a long time.
Their lemonade recipe may be a dud and they have to start over. It’s a great way for kids to learn some persistence and grit.
4. How to Interact With Customers
Customer service and interpersonal relationships are skills that everyone needs. Running a lemonade stand is a great place to start building those skills.
5. Good Design and Presentation
Get your kid’s lemonade off to the right start with our beautifully designed banners and signage, as well as menus and invites to get customers through the metaphorical door.
This lemonade stand kit is perfect for pretend play or an actual lemonade stand!
It has a L-E-M-O-N-A-D-E bunting banner, pricing sheet, lemonade themed cupcake toppers, pretty invitations to invite friends and family to visit the stand, and some cute wall art to display.
Everything they need to make the best lemonade stand ever!
Help your kids grow their entrepreneurial spirit by helping them set up their own lemonade stand and who knows you may be encouraging a lifelong passion for running their own business!
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Help your kids grow their entrepreneurial spirit by helping them set up their own lemonade stand and who knows you may be encouraging a lifelong passion for running their own business!
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