Lemonade stands are about more than just making some money. They're about patience, asking, giving, and hard work.
Are your kids always begging to buy toys every time you're out? Well, running a lemonade stand may be a great way to give their young brains some perspective about how hard it can be to earn those bucks for things they want.
There are a few key points you and the kids will need to think about before opening a lemonade stand, which include details like location and business hours. But other than learning the business side about how money is earned, we’ve created a brief list of some other valuable lessons from a lemonade stand that can teach kids about money.
Lesson 1: How To Ask For Support On The Big Day
To do this: Use social media to advertise the day your kids will be selling lemonade. Give times and locations. Let them watch you make a post with their photo attached, lemonade in-hand. You can even make a Facebook page for their cause and have them check in and monitor how many people have joined their group.
Lesson 2: How Everything Is Priced.
To do this: After grocery shopping for the table’s necessities, sit down with the receipt and add up everything with them. Ask them how many cups they want to sell as a goal. Divide the cost of the supplies with their goal to sell. Try to keep each lemonade under $1 to appeal to customers. Also, have the kids tally each sale to know when they are getting close to their goal.
Lesson 3: Give To Good Causes
To do this: Have them pick out a favorite local charity. Perhaps they love puppies or cats and they want to donate to the local shelter. This is also a great way to advertise on the banner for their lemonade stand that all proceeds are going to a specific charity in their community.
If kids are really looking for a different approach to the lemonade stand, consider adding small cookies as a complimentary treat with their cup of lemonade or even a wild variation of lemonade that customers have never had.
Here is one unique lemonade recipe to try!
Berry Lemonade with a Sparkly Ingredient
- 1 combo bag of frozen fruits (blueberries, raspberries, strawberries)
- 2 cups water
- 5 lemons (peeled)
- 1/2 cup sugar or agave nectar (some use honey instead)
- 1 or 2 bottles of sparkling water
- Blend frozen fruits and water until it all turns into liquid. If it's too thick, add more water.
- Add lemons and honey and blend again.
- When pouring from blender, the liquid should be very liquid-like, not thick.
- Keep separate from sparkling water until ready to serve.
- Pour berry blend first in the cup halfway, then fill the rest of the cup with sparkling water.
This will taste like a sparking fruit punch with a twist of lemonade inside!
Lemonade stands have a bigger purpose than to just keep the kids occupied on a sunny day. It's never too early to get the kids thinking about money management and business. Have fun!