Thats the tart truth from Ellen Warwick, co-author of Centsibility: The Planet Girl Guide To Money (Kids Can Press), a book that teaches tweens how to earn, save, and spend cash.
While the book offers modern ideas for making big bucks like tutoring, walking dogs, plant-sitting, and designing web pages, Warwick says a good, old-fashioned lemonade stand is still a smart and popular business venture for kids.
Warwick says lemonade stands are lucrative kiddie businesses because theyre almost guaranteed to turn a profit from guilty adults.
She explains, Lemonade stands may seem a bit outdated but theyre great. They turn up lots of charitable donations from adults who pass by. Adults remember their own lemonade stands as kids and feel bad not giving a child a little donation. Its an old business, but it works!
Warwick suggests young entrepreneurs put a modern-day twist on the lemonade stand biz by offering different fancy flavors of lemonade, and setting up shop at busy places like sporting events or schools.
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