This was a nice memory from 10y ago: When most #kids ask about running a #lemonadeStand in their driveway, their #parents make it happen.

I, on the other hand, taught them why it was a bad #businessModel 🤣.

I was generous with how many people walked by our house too, 20 was way more than the usual 2-3 but a 33% conversion rate (what % of people bought) was ridiculously optimistic and unrealistic.

Our expenses (Cost Structure) were for lemons ($5), paper cups ($5), and sugar ($3) for a total of $13.

Our income (Revenue Streams) was $3, from sales of two $1.50 cups of lemonade. I assumed that 10% of passers-by would buy a cup (ie a conversion rate of 10%).

The business would have resulted in a loss of $10 ($13-$3), not counting time & labor.

The purple post-its were for an alternative idea: selling in a high traffic area downtown - which required a permit (whose cost I don't recall). That might have been profitable, depending on the cost of the permit.

This was a fun exercise that I hoped would teach the kids something interesting & useful.

#parenting #entrepreneur #unschooling #business

https://whatwasidoingagain.com/interests/creative-entrepreneurship/lemonade-stand-business-model-evaluation/

bum bum bum - buhdumba dum!

#theducksong #lemonadestand #lemonade #illustration #art #cartoon #comics

☀️Spring is just around the corner, are you ready to profit? 🍋

#appleii #appleiiforever
#lemonadestand #basic

A little more about Alex's Lemonade Stand Foundation, since it's #GivingTuesday
They have easy to follow instructions to host a #LemonadeStand to join the fight against #ChildhoodCancer and this is great way for families and kids to get involved
https://www.alexslemonade.org/campaign/stands-and-events/plan-lemonade-stand #ALSF