Monday, May 3, 2010

Lemonade Day -- Entrepreneurship for All

Lemonade Day comes every year in May and did so this past weekend on May 2. For those who don't know, Lemonade Day" happens across the country with kids setting up lemonade stands to sell lemonade and learn entrepreneurship in the process. Over 10,000 stands were put up in Austin last weekend, with sponsorship coming from big names such as HEB, Trilogy and Imperial Sugar.

Essentially, the young entrepreneur must focus on creating the product (lemonade), marketing it, and keeping track of the costs and profits. If you missed it, your kids can get ready for next year or even run their own lemonade day as the summer is quickly approaching and you'll have quite a market for your product. Check out this video to learn more.