Common Cents: Beyond the Lemonade Stand



When school’s out, kids often seek activities to add excitement during their long breaks. One way students combat boredom is by launching a business to earn dollars toward vacation or other savings goals.

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This is the perfect opportunity to guide young entrepreneurs by discussing what it takes to make their venture successful. Developing a business plan with your assistance will give them confidence and enhance their success.

Article
The Common Cents article, Beyond the Lemonade Stand, discusses kids as entrepreneurs and gives steps to develop a business plan for a successful venture.

Suggestions for marketing the business and providing good customer service are also provided. (This article was featured in the Summer 2010 issue of TEN Magazine.)

Download Common Cents: Beyond the Lemonade Stand

Suggested use
Teachers: Read and discuss the article in class, using the worksheets included in the article.
Parents: Use the article to discuss entrepreneurship with your child, and encourage him or her to start a small business.

Target audience
Teachers, Parents, Students

Grade level
K-12

Key concepts
Entrepreneurship, Productivity

Format
Discussion and extension activities

Additional resources


About Common Cents

Common Cents is written by a Kansas City Fed staff member with more than 30 years of teaching experience. The column appears in TEN Magazine, the Kansas City Fed’s quarterly publication. Subscribe to TEN Magzine.