A father turned his kid's lemonade stand into a real business lesson, teaching cost of goods sold, loans, and wages. He revived it during COVID as an actual micro-business, showing how family projects can teach entrepreneurship without a classroom.
Chapters
instilling this entrepreneurial spirit into your children as well. As a father of 3 kids, I'm curious as to like how you go about those conversations and how like you encouraged her to start that thing. I'm the type of guy where, you know, she wanted to do a lemonade stand. I was like, okay, great, let's go into what that means. And meanwhile, she's, I don't know what age, like 6 or something like that. And like, we're doing cost of goods sold, you know, listen, I'll give you a loan, you can go and buy the ingredients. And then her sister wanted to help out. I was like, okay, well, You need to pay her a wage for her to help out. So I kind of— I went a little overboard, I'm sure, because, you know, this stuff is ingrained in me. I love this stuff. So right from the beginning, you know, I always instill those ideas. And that business that she wanted to start, it started out as a school project. It got set aside, right? And it was beginning of the pandemic, or I forget exactly when it was, but she came, came to me and she was like, hey, I want to make this a business.