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Daily archives "October 2, 2017"

Benefits of Letting Your Child Have That Lemonade Stand

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We love inspiring children to be creative and passionate. When it’s warm outside, it’s the ideal time of the year for your child to open a lemonade stand! Lemonade stands are loads of fun and they teach children some important lessons.

Lemonade stands can be as simple or extravagant as you’d like. A common folding table and sign will work, or you can craft a custom shop. All you need do is set up in an area with a good amount of foot traffic and offer your goods to thirsty customers.

Here are the advantages children get out of having their own little business.

It exposes them to success

For many folks, the largest motivator is success. Once they have had a taste of achievement, they’ll want more. It doesn’t matter if they enjoy bringing in sales or creating an awesome product, they’ll increase their desire to succeed.

It puts their imagination to work

Designing and constructing a lemonade stand is a lot of work. Children will need to shop for ingredients, choose their recipe, make signs, and make the stand with plenty of appeal and flair. Then they get to use their ingenuity to come up with imaginative ways to draw in customers.

It helps them understand finance

Regardlss what we end up doing in our life, we have to have basic knowledge of finance. With a lemonade stand, they will learn about economics, such as how to calculate costs, how to figure out their losses or gains, and how to set a price. Moreover, they’ll get a true appreciation of the value of a dollar once they learn how hard it is to get one.

It builds independence and self-confidence

Help you can, let the children do all the work and only help by offering advice. You want them to feel a real sense of ownership with this project. They’ll learn how able they are and how hard work can get them where they want to be in life.