Since 2007, it has been attended by more than 1.5 million children and thousands of adult mentors worldwide Lemonade day. Usually starting in April of each year that Organization has inspired young people with a desire to learn business skills and financial literacy by encouraging them to start a lemonade business in their own community.
This year, the COVID-19 pandemic has created unthinkable business and personal challenges for all, and children who looked forward to hosting a lemonade stand are now being suspended indefinitely. Not only do these lemonade stands help them make money, but they also give them valuable real-world business experience, encourage creativity, adaptability, and ingenuity.
In the true spirit of entrepreneurship, Lemonade Day National makes lemonade from lemons. It is adapting to this crisis by providing online resources, tools, education and alternative approaches to local cities so that children who wanted to host a lemonade stand this year can have the experience even if they cannot actually set up a stand .
For those kids who want to host a lemonade stand this year, they have provided several alternative ways to host a lemonade stand:
- Lemonopolis: Children can use Lemonopolis to host a virtual lemonade stand or start another business / make money. Lemonopolis, the Lemonade Day program’s digital platform, is designed to teach children business and character building skills that will help them navigate adversity with an entrepreneurial mindset. The program includes videos, lessons, and interactions related to goal setting, business planning, product development, budgeting, marketing and advertising, and other considerations for starting any type of business.
- Virtual competitions: Lemonade Day city directors can host virtual competitions with virtual judges, with rules and prices announced in advance. Examples are the best recipe competition, the best business plan, the best marketing and promotion plan, and / or the best booth.
- Virtual Lemonade Stand: Post and share photos and videos making lemonade and serving lemonade; Take orders from family, friends and neighbors; Collect money through PayPal, Cell, or Venmo; Track orders; Explain how the funds earned will be used and how products will be delivered in the future when the coronavirus threats have subsided
- Take away lemonade: Host a lemonade stand without making homemade lemonade and use pre-packaged lemonade mixes with a bottle of water instead. Wrap the take-away lemonade in creative ways (small brown paper bag with ribbons, a note, or a cute and fun kid-friendly sticker (like an “I Voted” sticker). Observe all health and safety precautions when handling the product and packaging .
Additionally, Lemonade Day encourages kids to apply the lemonade stand lessons and planning process to any other business venture of their choosing. So instead of a lemonade stand, this year your child could perhaps make jewelry or art projects and send them to customers.
Whatever your child does, the business and finance skills they learn are invaluable, but the most important lesson they will learn is how to overcome and overcome obstacles and adversity.