Headquartered in Houston, Texas, Lemonade Day is an annual event where children develop entrepreneurial skills by operating their own lemonade stands. The event launched in 2007, as an educational community outreach initiative of the non-profit organization, Prepared 4 Life.
Lemonade Day participants receive a backpack containing a workbook that teaches them how to setup and operate their business. The workbook provides information on creating a budget and business plan while also teaching kids about securing investors and providing quality customer service.
Children from grades Pre-K to 12 can register to participate in this event free of charge. Participants are responsible for finding their own locations to setup a lemonade stand. While children are allowed to keep all of their earnings, they are encouraged to open savings accounts. Additional business practices such as paying back investors and donating a portion of revenue to charities are also suggested to Lemonade Day participants.
The widespread popularity of Lemonade Day has expanded the event to include other cities throughout the country such as San Francisco, East Hartford and Denver. Organizers of this event also offer lesson plans teaching entrepreneurship for kids to educators at public and private schools.
Image Credit: Wikimedia Commons/André Karwath