Lemonade Stand

Lemonade Stand Teaches KidsLike many kids, my daughter Madeleine asked if we could do a lemonade stand as a business.

She didn’t just want to do one stand; she wanted to do lots of stands.

As full-time wedding photographers, business runs in the family, so she wanted her own business too.

As a homeschooling mom, I immediately saw the potential for teaching. Math, money, healthy, marketing, and even science could be tied into this lemonade stand business, so we decided to make this our summer experiment.

We set the ground rules: She’d start with what she needed to get going, and then everything else after that had to be purchased out of her profits.

She can’t spend any of the money until the end of the summer when we’re done with the business for the season, and we got to determine what percentage of the proceeds she could spend, save, and give (assuming she didn’t go under from drinking all the lemonade herself or giving out samples to her siblings.) If she runs out of money before the summer is over, then she learns a completely different yet just as valuable lesson about failure, and that’s awesome too.

Gosh I love the freedom you have in homeschooling.

We’ll be creating a chronicle of her Lemonade Stand here on the blog, and I’ll be talking about teaching kids through entrepreneurship in a digital age. Right now it’s just a lemonade stand; but I expect that as she grows older, her business ideas will grow from this small lemonade stand into something that can fully support her out of “high school” in the case that she decides she’d like to run her own business in the future as an adult. You can read more about my goals of teaching child entrepreneurship and what this website is for by visiting the about page.