Bright Ideas: Fun Business Adventures for Young Money‑makers
🍋 What You Need
- Fresh lemons (or pretend lemons)
- Sugar
- Water
- Cups
- A notebook and a pencil
📋 Steps to Run Your Lemonade Stand
- Count Your Lemons – Write the number of lemons in your notebook.
- Add Up Costs – Give each item a pretend price (for example, a lemon = $1).
- Total The Expenses – Add all the prices together. This is how much you spend.
- Set A Price – Decide how much each cup of lemonade will cost.
- Calculate Revenue – Multiply the price of one cup by the number of cups you think you will sell.
- Find Profit – Subtract the total expenses from the revenue. The answer is your profit.
- Record Everything – Write the numbers in your notebook so you can see how you did.
- Taste Test – Try a cup yourself and ask friends what they think.
❓ Quick Quiz
- What do we call the money you get Before you pay any costs?
- If you spend $2 on supplies and earn $5, how much profit did you make?
- Why might raising the price of lemonade too much make you sell fewer cups?
Great job! You’re ready to start your own bright business adventure. Have fun and keep learning!