LET’S MAKE A LEMONADE STAND!WELCOME

www.Lubbock.LemonadeDay.org

STEPS TO SUCCESS Setting Goals Planning & Budgeting Finding an Investor Site Selection Advertising Building a Stand Purchasing Making Healthy

Lemonade

Setting Up Running Your Business Business Results &

Accounting Banking Giving Back Reflections & Future

Plans Q & A

Set a goal, make a plan, work that plan, and achieve your dream!

40 DEVELOPMENTAL ASSETS8 CATEGORIES Support Empowerment Boundaries &

Expectations Constructive Use of Time Commitment to Learning Positive Values Social Competencies Positive Identity

The assets provide a framework of Caring Adults, Safe Places, a Healthy Start, an Effective Education, and Opportunities to Help Others.

Research shows the more assets a young person has the more likely they are to be successful and the less likely to get involved in risky behaviors.

Set a goal, make a plan, work that plan, and achieve your dream!

External

Internal

STEP 1: SETTING GOALSQUESTIONS to ask child:

What would you like to buy with your own money?

How much money will you need?

Do you want to save some of your earnings? (account)

How much do you want to share with a charity?

What do you hope to get out of Lemonade Day?

Asset Areas: Positive Identity Personal Power

Mentor… Share a goal of

your own and how you achieved that goal.

STEP 2: PLANNING & BUDGETQUESTIONS to ask child:

Difference between consumables vs. capital equipment?

Costs to purchase needed items?

How many cups / how much cost per cup?

How much to charge per cup / how many to sell?

Alone or a partner (splits costs and profit)?

Asset Areas: Social Competence Planning & Decision

Making

Mentor… Talk about budgets

that you use on a daily basis.

STEP 3: FINDING AN INVESTORQUESTIONS to ask child:

Potential investors? How much to borrow? How will you ask? Why should they invest? What interest rate will you

pay? When will you pay them

back? What happens if you don’t

pay them back?Tip: have a story board with your

stand ideas to show or full details for stand before approaching investor or give several options to choose from.

Asset Areas: Positive Values Integrity &

Responsibility

Mentor… Tell them about any

experiences you have had in taking out a loan. (follow guide in youth workbook)

STEP 4: SITE SELECTIONQUESTIONS to ask child:

Where do lots of people go on the weekends?

Where is the perfect location for your stand?

Will you need permission?

Is the location safe? Are there places for

people to park? What time of day and

how many hours will you run your stand?

Asset Areas: Social Competencies Planning & Decision

Making Interpersonal

Competence

Mentor… Location! Location!

Location! Discuss why businesses select certain locations.

STEP 5: ADVERTISINGQUESTIONS to ask child:

Based on the site – what is the best way to get your stand noticed?

Signs? Size? Materials?

Other ways to advertise?

Who to tell: friends, family, neighbors, faith-based?

Message on sign?

Asset Areas: Constructive Use of

Time Creative Activities

Mentor… Discuss your

favorite advertising! Show examples of good/not so good…

STEP 6: BUILDING A STANDQUESTIONS to ask child:

Use ready-made table? Build a stand?

Supplies? Theme? Decorations? Size of stand? Who can help build or

has ready-made table? How will you get your

stand to the location and back?

Asset Areas: Constructive Use of

Time Creative Activities

Mentor… Discuss options for

the stand. The more creative the more likely for potential customers!

STEP 7: PURCHASINGQUESTIONS to ask child:

Kind of lemonade? Favorite recipe? What supplies do you

already have? Where to shop and

who will take you? What will you do if you

don’t buy enough/too much?

How will you keep ice? Keep track of receipts!

Asset Areas: Empowerment Youth as Resources

Mentor… Trip to the market!

Supply list…compare prices…best value. They pay!

STEP 8: HEALTHY LEMONADEQUESTIONS to ask child:

Healthy recipe? Taste good? Type of serving

container? Understand local

health guidelines for serving beverages?

How will you keep your stand clean?

Asset Areas: Boundaries &

Expectations High Expectations

Mentor… Research health

department guidelines.

STEP 9: SETTING UPQUESTIONS to ask child:

How will you get stand and supplies to location?

How long will it take to load, transport and set up?

Do you have change for customers that won’t have correct change?

Do you know how to make change? (PRACTICE!)

Where will you keep money?

Trash / recyclables.

Asset Areas: Empowerment Service to Others

Mentor… Discuss logistics.

Use the checklist in the Entrepreneur Workbook.

STEP 10: RUN BUSINESSQUESTIONS to ask child:

How will you greet customers?

Why should they buy YOUR lemonade?

Refills? Costs? Say “thank you”! Can they see your tip

jar? How will you keep your

money safe?

Asset Areas: Empowerment Youth as Resources

Mentor… The Pitch! Why they

have a stand and why their lemonade is the best! Reminders: eye contact and SMILE!

TAKE PICTURES! MAKE MEMORIES!

STEP 11: RESULTSCONTESTS options:

Best Tasting Contest: prior to Lemonade Day

Business Results Contest: mail in form

Best Lemonade Stand Contest: send in photo

Asset Areas: Personal Competence Self-Esteem

Mentor… Entrepreneur

Workbook: Business Results Form to tally results.

MAIL IN FORM!!

STEP 12: BANKINGQUESTIONS to ask child:

What will you do with your profit?

How much will you save?

Do you have a savings account or want to open one?

Asset Areas: Responsibility Planning & Decision

Making

Mentor… Save Some!

Discuss the benefits of savings. Maybe take a field trip to a bank!

STEP 13: GIVING BACKQUESTIONS to ask child:

If you have made a profit – will you give to a charity?

What charity will that be? What causes do you care

about the most? How else can you help

with your cause year-round: volunteer, donate goods, participate in activities, etc?

Asset Areas: Social Competencies Caring, Equality, Social

Justice, Service to Others

Mentor… Discuss the benefits

responsibility to give back to community.

STEP 14: REFLECTIONSQUESTIONS to ask child:

What did you do well? What would you

change? Were you satisfied with

your location? How can you apply

these steps to future/other businesses?

Will you do this again?

Asset Areas: Positive Identity Sense of Purpose

Mentor… Reflect on time put

in vs. outcomes from the day. Discuss how they can use this process in the future.

Set a goal, make a plan, work that plan, and achieve your dream!

NEXT STEPS Q & AQ & A

What questions do you have?

NEXT STEPS: Lemonade Day

Planning Backpacks are available beginning April 7th.

Distribution sites TBA. Contact information:

Jana Hunter @ 792-2723 x 3222

UPCOMING EVENTSPlease check the website for

current events & updates!

www.Lubbock.LemonadeDay.org