LETS MAKE A LEMONADE STAND!

www.Lubbock.LemonadeDay.org

STEPS TO SUCCESS

Setting Goals Planning & Budgeting Finding an Investor Site Selection Advertising Building a Stand Purchasing Making Healthy Lemonade

Setting Up Running Your Business Business Results & Accounting Banking Giving Back Reflections & Future Plans Q&A

Set a goal, make a plan, work that plan, and achieve your dream!

40 DEVELOPMENTAL ASSETS
8 CATEGORIES The assets provide a framework of Caring Adults, Support Safe Places, a Healthy Empowerment Start, an Effective Boundaries & Education, and Expectations Opportunities to Help Constructive Use of Time Others. Commitment to Learning Research shows the more Positive Values assets a young person has the more likely they are to Social Competencies be successful and the less Positive Identity likely to get involved in risky Set a goal, make a plan, work that plan, and achieve your dream! behaviors.

Internal

External

STEP 1: SETTING GOALS

Asset Areas:

QUESTIONS to ask child:

Positive Identity Personal Power

Mentor Share a goal of your own and how you achieved that goal.

What would you like to buy with your own money? How much money will you need? Do you want to save some of your earnings? (account) How much do you want to share with a charity? What do you hope to get out of Lemonade Day?

STEP 2: PLANNING & BUDGET

Asset Areas:

QUESTIONS to ask child:

Social Competence Planning & Decision Making

Mentor Talk about budgets that you use on a daily basis.

Difference between consumables vs. capital equipment? Costs to purchase needed items? How many cups / how much cost per cup? How much to charge per cup / how many to sell? Alone or a partner (splits costs and profit)?

STEP 3: FINDING AN INVESTOR

Asset Areas:

QUESTIONS to ask child:

Positive Values Integrity & Responsibility

Mentor Tell them about any experiences you have had in taking out a loan. (follow guide
in youth workbook)

Potential investors? How much to borrow? How will you ask? Why should they invest? What interest rate will you pay? When will you pay them back? What happens if you dont pay them back?

Tip: have a story board with your stand ideas to show or full details for stand before approaching investor or give several options to choose from.

STEP 4: SITE SELECTION

Asset Areas:

QUESTIONS to ask child:

Social Competencies Planning & Decision Making Interpersonal Competence

Mentor Location! Location! Location! Discuss why businesses select certain locations.

Where do lots of people go on the weekends? Where is the perfect location for your stand? Will you need permission? Is the location safe? Are there places for people to park? What time of day and how many hours will you run your stand?

STEP 5: ADVERTISING
Asset Areas:

QUESTIONS to ask child:

Constructive Use of Time Creative Activities

Mentor Discuss your favorite advertising! Show examples of good/not so good

Based on the site what is the best way to get your stand noticed? Signs? Size? Materials? Other ways to advertise? Who to tell: friends, family, neighbors, faithbased? Message on sign?

STEP 6: BUILDING A STAND

Asset Areas:

QUESTIONS to ask child:

Constructive Use of Time Creative Activities

Mentor Discuss options for the stand. The more creative the more likely for potential customers!

Use ready-made table? Build a stand? Supplies? Theme? Decorations? Size of stand? Who can help build or has ready-made table? How will you get your stand to the location and back?

STEP 7: PURCHASING
Asset Areas:

QUESTIONS to ask child:

Empowerment Youth as Resources

Mentor Trip to the market! Supply listcompare pricesbest value. They pay!

Kind of lemonade? Favorite recipe? What supplies do you already have? Where to shop and who will take you? What will you do if you dont buy enough/too much? How will you keep ice? Keep track of receipts!

STEP 8: HEALTHY LEMONADE

Asset Areas:

QUESTIONS to ask child:

Boundaries & Expectations High Expectations

Mentor Research health department guidelines.

Healthy recipe? Taste good? Type of serving container? Understand local health guidelines for serving beverages? How will you keep your stand clean?

STEP 9: SETTING UP
Asset Areas:

QUESTIONS to ask child:

Empowerment Service to Others

Mentor Discuss logistics. Use the checklist in the Entrepreneur Workbook.

How will you get stand and supplies to location? How long will it take to load, transport and set up? Do you have change for customers that wont have correct change? Do you know how to make change? (PRACTICE!) Where will you keep money? Trash / recyclables.

STEP 10: RUN BUSINESS

Asset Areas:

QUESTIONS to ask child:

Empowerment Youth as Resources

Mentor The Pitch! Why they have a stand and why their lemonade is the best! Reminders: eye contact and SMILE! TAKE PICTURES! MAKE MEMORIES!

How will you greet customers? Why should they buy YOUR lemonade? Refills? Costs? Say thank you! Can they see your tip jar? How will you keep your money safe?

STEP 11: RESULTS

Asset Areas:

CONTESTS options:

Personal Competence Self-Esteem

Mentor Entrepreneur Workbook: Business Results Form to tally results. MAIL IN FORM!!

Best Tasting Contest: prior to Lemonade Day Business Results Contest: mail in form Best Lemonade Stand Contest: send in photo

STEP 12: BANKING

Asset Areas:

QUESTIONS to ask child:

Responsibility Planning & Decision Making

Mentor Save Some! Discuss the benefits of savings. Maybe take a field trip to a bank!

What will you do with your profit? How much will you save? Do you have a savings account or want to open one?

STEP 13: GIVING BACK

Asset Areas:

QUESTIONS to ask child:

Social Competencies Caring, Equality, Social Justice, Service to Others

Mentor Discuss the benefits responsibility to give back to community.

If you have made a profit will you give to a charity? What charity will that be? What causes do you care about the most? How else can you help with your cause year-round: volunteer, donate goods, participate in activities, etc?

STEP 14: REFLECTIONS

Asset Areas:

QUESTIONS to ask child:

Positive Identity Sense of Purpose

Mentor Reflect on time put in vs. outcomes from the day. Discuss how they can use this process in the future.

What did you do well? What would you change? Were you satisfied with your location? How can you apply these steps to future/other businesses? Will you do this again?

Set a goal, make a plan, work that plan, and achieve your dream!

NEXT STEPS
NEXT STEPS:

Q&A
Q&A

Lemonade Day Planning Backpacks are available beginning April 7th. Distribution sites TBA. Contact information: Jana Hunter @ 792-2723 x 3222

What questions do you have?

UPCOMING EVENTS
Please check the website for current events & updates! www.Lubbock.LemonadeDay.org