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Division of Small Business

Lessons learned from running a lemonade stand

Here's why running a lemonade stand is good training to become an entrepreneur.

Entrepreneurs come in all shapes, sizes… and ages. PBS Newshour shares how having a lemonade stand can help kids learn all sorts of skills that are key to success in the business world.

Here are tips from a financial planner interviewed for the piece:

  • Have your kid be part of each step of the process
  • Work with your child to determine the appropriate sales price
  • Try the three piggy bank model for profits – share, save and spend
  • Adapt lessons to your child based on age and ability
  • Keep your expectations in check

Click here to dive deeper into each of these suggestions.

And if you’re looking for your own guide through the world of business, contact one of our Regional Business Managers today!

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