Business Club

Business Club 2013

Lemonade Stand

A business is like a lemonade

stand.

Lemonade Stand

What experiences do you have

with a lemonade stand?

Product

The item you are selling [the lemonade].

Budget

How much money you have/are planning to spend to buy the

materials [lemonade mix, etc]

Supply

How much of something [lemonade materials] that is

available.

Demand

How much of something [lemonade] people want.

THINK: Would people want ice cold lemonade in the winter?

Sales Pitch

What am I going to say to convince people to buy the

lemonade?

SHARK TANK Clips •  Young Entrepreneurs - http://www.youtube.com/

watch?v=qFShW-qxPM4 •  Smart Wheel -

http://www.youtube.com/watch?v=08mCf9G9xBU •  Ellen - http://www.youtube.com/watch?

v=rSvMbK0x6cA

Marketing

How I’m going to sell the product [lemonade].

Make signs? Make a chant/song?

Competition

Are there other kids in the area selling lemonade? Is there a store that sells

lemonade nearby? Is their lemonade better than yours? Cheaper?

Start Up Costs

What do we need to buy in order to prepare for the lemonade stand?

Business  is  everything  from  what  your  parents  do  to  earn  money,  what  the  stores  are  doing  where  you  buy  things  

and  what  all  people  do  to  earn  money  to  live  on.    Business  is  about  people  earning  money  to  have;  the  things  they  

need  (food,  house,  car,  clothes,  educa<on),  the  things  they  want  (toys,  electronics,  spor<ng  goods,  books)    or  to  do  the  

things  they  want  to  do  (entertainment,  travel,  etc.).      

Business  is  what  people  do  a?er  they  finish  going  to  school.  School  helps  you  to  prepare  yourself  with  many  of  

the  basic  skills  you  will  need  for  business.    Business  includes  terms  like  working,  career,  job,  profession,  occupa<on,  stores,  factories,  restaurants,  and  almost  

everything  you  are  involved  in  outside  of  your  family  and  school.  

Product

Sales Pitch

Marketing

Budget Supply

Demand

Competition Start Up costs