Inc.:
Kid entrepreneurs across the country will test their business skills this summer by participating in the quintessential summer pastime: running a lemonade stand.
Inc.com will celebrate their efforts with its second annual Best Lemonade Stand in America contest.
Through Sept. 3, kids ages 5 to 12 can log on to Inc.com to enter by sharing their stories and photos of themselves running their lemonade stands. Once published, kids and adults alike can review, rate and comment on the entries. The grand-prize winner will receive a $1,000 savings bond. Each weekly winner gets a T-shirt.
In the meantime, Inc. magazine offers kids these tips for building a great lemonade stand:
- Read “Tom Sawyer.” Pay attention to the part about painting the fence. Hint: You don’t have to do all the work yourself.
- Use your age advantage in creating the stand. Make a deal with the best architect in town: If he designs a great lemonade stand for you for free — and you win the contest — you’ll make sure he gets recognition on national TV.
- Find a niche. A niche differentiates your stand from your competitors’ stands. One idea: Hook up with a good cause and pledge a percentage of the profit to it.
For more tips, go here.
Photo by Inc..
cmanlong on July 7th, 2007 at 12:02 am
what an awesome way to nurture the entrepreneurial spirit in young people. thanks for the information. my kids have actually been talking about a lemonade stand for several days.
DeeJay on July 12th, 2007 at 5:37 am
Hahahahaa… that’s really a good idea.