A few months ago my youngest daughter, Jade, ran her first lemonade stand during our neighborhood’s
annual flea market. It was a wonderful experience for both of us.
We got up early on a Saturday morning and made 5 gallons of lemonade. Jade made her signs
advertising the lemonade for $ .50 a glass and then we were ready for business. After 4 hours of
working the stand, Jade made $51.65. She was super excited.
But the lemonade stand was so much more than making money. We learned so many valuable life
1. Strengthened Math Skills
Jade just finished first grade and she worked all year on addition and subtraction. Now she was
able to apply her skills in a setting where it really mattered. If you don’t get your math right
when you are dealing with other people’s money (and your own), you can really suffer the
consequences. At the lemonade stand, Jade ran her own cash register (with mommy’s
oversight) and had count the money given to her and make change for people who bought
lemonade. She was able to see the importance of having math skills and how the “stuff” you
learn in school are the foundation for success.
This lemonade stand was Jade’s own business. She went to the store and purchased the
supplies, made the lemonade, did the marketing and learned about what a profit was. It taught
her so much about running a business. She also learned how as a business owner, you are
ultimately responsible for the business. At one point during the morning, she got bored (as you
could expect of a 7 year old) and wanted to stop. I had to explain to her that it was her business
and she had to run it. She could not rely on others to run her business. It was a great lesson as
to what it takes to be an entrepreneur.
3. Giving Back
My girls have always been taught about giving. Whenever they get any money, they know that
10% has to go to church, 10% goes to savings and 10% goes to charity. Teaching children about
giving means a lot more when it is money that they earned. After all receipts were in, Jade had
the opportunity to choose something very special to her that she wanted to support. She was
so proud to donate her money to a worthy cause to help a family in need.
At the end of the day, I know we both got so much out of this experience. This was truly more than a