Own Your Own Business: Lemonade Day

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Traditionally, lemonade stands have been a classic for earning money besides allowance for kids.

Traditionally, lemonade stands have been a classic for earning money besides allowance for kids. Michael Holthouse has taken this to the next level by getting children ages six through fourteen to run a business on Lemonade Day!

 

I met with Nigel Alexander who brought it to Colorado and I found out all the specifics for Lemonade Day. Lemonade Day is a program that teaches kids how to run their own business and learn about how to find an investor to donate money, advertise, make some money and even more. Nigel was inspired to bring Lemonade Day to Colorado because he explained how important it is to him for children to not be afraid of running a business. His goal is to have 5,000 stands open in Colorado on Lemonade Day this year.

 

One of the greatest things for parents is Lemonade Day provides a free backpack for kids with an information packet. In your backpack you get an entrepreneur's workbook that helps you set goals and helps you create your lemonade business. Even better, registration is free for the event.

 

You can go to one of the supporting retailers to register or go to www.lemonadeday.org.

 

Lemonade Day is on May 22, 2011 this year and the grand prize is a $5,000 scholarship. Kids even get to keep the money they make that day or can choose to donate some to charity.Nigel explained that unlike other fundraisers, Lemonade Day is just for kids to see that owning a business can be fun!