Being a teen entrepreneur, I love inspiring entrepreneurship for kids! The lemonade stand has always been a classic symbol of entrepreneurship. Use these free printables as a unit study to teach kids about entrepreneurship and starting a business!
Although not everyone will grow up to be business owners, learning how to start your own business creates valuable life skills that can help you succeed no matter what your future plans are. With this lesson plan, kids can learn how to start their own business with a classic symbol of entrepreneurship: lemonade stands.
Lemonade stands are a simple but effective way to teach children how business works – from the good and the bad. As kids grow older, who knows? They may use these exact same skills to grow real businesses of their own!
A Few Inspiring Kid Entrepreneurs
When Mikaila Ulmer was four years old, her family encouraged her to enter a local business competition, and the national Lemonade Day program. After getting stung by a bee (twice) and finding inspiration from her great grandma’s cookbook, she decided to create BeeSweet Lemonade! Now 11 years old, Mikaila has pitched her business on the hit tv show Shark Tank, and her lemonade can be found throughout Whole Foods stores in the south.
Leanna Archer began her business Leanna’s Essentials at 8 years old, as she bottled and sold her homemade hair pomade to friends and family. Eleven years later, she’s expanded her line to shampoos and conditioners, and has worked to help underprivileged children in Haiti.
Robert Nay, from Nay Games, launched his first app Bubble Ball at age 14. Within two weeks, the app had over two million downloads, and even knocked Angry Birds out of the App store’s #1 most downloaded free spot. Now, the app has had over 16 million downloads!
Kayla Abramowitz, at 11 years old, founded the 501(c)(3) non-profit Kayla Cares 4 Kids. She collects and donates entertainment and educational items to children’s hospitals. Since starting it three years ago, she has donated over 10,000 different items across the US, and has won dozens of awards both locally and nationally for her business.
Lemonade Stand Entrepreneurship
Introduction: A few years ago, I started my own business at 15 years old. I love being able to work for myself, while doing what I love!
Cost of Goods Sold: Tally up the price of the cost of goods sold, one glass of lemonade!
Marketing Plan: How do you plan on selling your lemonade? Create a basic marketing plan with the four P’s of marketing!
Profit: The most exciting part of starting a business is making money. Tally up your gross profits, expenses, and finally your net profit!
The End, What Did You Learn?: Starting a business is all about the learning experience and growing with baby steps. What did you learn from your lemonade stand? Did you make money? What would you like to do differently in the future? These reflection questions teach kids to self-examine themselves for improvement.