Lemonade Stands: Introduction to Entrepeneurialism

[Timminz]

To what did you expect me to respond? You didn't say anything, and the page-long quote you posted had nothing to do with the point I made, in the least.

[Phatscotty]

To what did you expect me to respond? You didn't say anything, and the page-long quote you posted had nothing to do with the point I made, in the least.

Um, it had everything to do with your post. 100%

a lemonade stand IS most definitely a small scale symbol of the American dream and a wonderful introduction to Capitalism for our children.

Ah yes, setting up a business with somebody else's capital, taking all the revenue, and never paying back the investment. That's an amazing way to teach kids about how great capitalism is.

the quote I posted is 100% about how a lemonade stand and how it teaches children about business, capital, revenue, investment, and Capitalism. You might have even noticed the title of the article....Youth Entrepreneurship and Lessons from a Lemonade Stand. But hey, I know you didn't read it anyways, and you are just trolling me.

Take another hit from the bong,get your head straight, and try reading it.

[Baron Von PWN]

I wonder if most kids doing this lemonade stand thing even make the money their parents spent on lemons and sugar back.

[BigBallinStalin]

What is Phatscotty arguing about? He's been hunting down suspected disagreement, making lists, and posting long quotes and pictures as of late.

Has he been turned by the communists?

[Phatscotty]

What is Phatscotty arguing about? He's been hunting down suspected disagreement, making lists, and posting long quotes and pictures as of late.

Has he been turned by the communists?

First glass is free of charge....

...but it's not a right!

[BigBallinStalin]

[Baron Von PWN]

What is Phatscotty arguing about? He's been hunting down suspected disagreement, making lists, and posting long quotes and pictures as of late.

Has he been turned by the communists?

He's shadow boxing, training his skills.

[Roussallier]

Lemonade stands are brainwashing kids into believing that they should work for money they receive! These poor kids are going to miss out on practical experience of leeching money from social programs.

Please, think of the kids - support closure of lemonade stands!

[Night Strike]

I wonder if most kids doing this lemonade stand thing even make the money their parents spent on lemons and sugar back.

Has that ever been the point of lemonade stands (not counting Suzie's Lemonade in the Verizon commercials)? When kids are trying to run their own lemonade stands, it's designed as a learning experience, not as a long-lasting money-making endeavor. The goal should be to foster the desire for people to work and make money for themselves, not to give the government the excuse to come in and close down whatever they deem improper.

[Baron Von PWN]

I wonder if most kids doing this lemonade stand thing even make the money their parents spent on lemons and sugar back.

Has that ever been the point of lemonade stands (not counting Suzie's Lemonade in the Verizon commercials)? When kids are trying to run their own lemonade stands, it's designed as a learning experience, not as a long-lasting money-making endeavor. The goal should be to foster the desire for people to work and make money for themselves, not to give the government the excuse to come in and close down whatever they deem improper.

I thought the point of lemonade stands was so the government could crush schoolchildren under jackboots. Thanks for setting the record straight.

clearly having children pathetically attempt sell lemonade is a fundamental building block of American society. Without it you will probably sink into the sea or something.

[Phatscotty]

I wonder if most kids doing this lemonade stand thing even make the money their parents spent on lemons and sugar back.

Has that ever been the point of lemonade stands (not counting Suzie's Lemonade in the Verizon commercials)? When kids are trying to run their own lemonade stands, it's designed as a learning experience, not as a long-lasting money-making endeavor. The goal should be to foster the desire for people to work and make money for themselves, not to give the government the excuse to come in and close down whatever they deem improper.

Alex's Lemonade Stand Foundation (ALSF) emerged from the front yard lemonade stand of cancer patient Alexandra “Alex” Scott (1996-2004). In 2000, 4-year-old Alex announced that she wanted to hold a lemonade stand to raise money to help find a cure for all children with cancer. Since Alex held that first stand, the Foundation bearing her name has evolved into a national fundraising movement, complete with thousands of volunteers across the country carrying on her legacy of hope. To date, Alex’s Lemonade Stand Foundation, a registered 501(c)3 charity, has raised more than $40 million toward fulfilling Alex’s dream of finding a cure, funding over 150 research projects nationally.

http://fatcatwebproductions.com/the_pap ... n-childhoo

The idea is also to get the wheels spinning in the children's head, when they understand how to generate revenues, use mathematics to count their savings, make goals for how much they expect to earn, learn communication skills in dealing with a diverse group of customers, get a sense of ownership and independence when they are in charge of making the rules, marketing their product, picking a location, thinking of ways to boost sales, and even learning how to deal with disappointment or frustration, among many other things

[Timminz]

To what did you expect me to respond? You didn't say anything, and the page-long quote you posted had nothing to do with the point I made, in the least.

Um, it had everything to do with your post. 100%

a lemonade stand IS most definitely a small scale symbol of the American dream and a wonderful introduction to Capitalism for our children.

Ah yes, setting up a business with somebody else's capital, taking all the revenue, and never paying back the investment. That's an amazing way to teach kids about how great capitalism is.

the quote I posted is 100% about how a lemonade stand and how it teaches children about business, capital, revenue, investment, and Capitalism. You might have even noticed the title of the article....Youth Entrepreneurship and Lessons from a Lemonade Stand. But hey, I know you didn't read it anyways, and you are just trolling me.

I see you've gotten to the point of being able to identify some of the words within my post. That's a good first step. The next step is to determine the actual meaning behind the specific combination of words I used. Once you're capable of that, then you can work towards building a coherent response to what I've said.

I'll simplify for you: Running a lemonade stand certainly teaches kids about revenue, but it DOES NOT teach them a single thing about any of the other words you managed to pick up on.

Now please, for your sake and mine, take a minute to actually think about what I'm saying in this post (and hopefully even understand it) before replying. Perhaps then we can work towards having an actual conversation, rather than me trying to converse with you, and you giving barely tangentially related replies.

[Phatscotty]

what is your evidence that a lemonade stand "does not teach kids a single thing" about the words I mentioned. (business, capital, investment, and capitalism)

[Timminz]

what is your evidence that a lemonade stand "does not teach kids a single thing" about the words I mentioned. (business, capital, investment, and capitalism)

Even though my initial point was limited to the following: having a business fully funded by someone who doesn't expect repayment of their investment, is not a "wonderful introduction to Capitalism", I will respond to your expansion upon that statement...

I will concede the first one (business) as it's a pretty generic term, and lemonade stands do indeed teach some aspects of business (production, sales, logistics to an extent). For the other three (capital, investment, and capitalism), I maintain that lemonade stands (in the sense I've described) do not teach kids anything. If you disagree, I'd be happy to consider whatever evidence you provide.

[QoH]

The idea is also to get the wheels spinning in the children's head, when they understand how to generate revenues, use mathematics to count their savings, make goals for how much they expect to earn, learn communication skills in dealing with a diverse group of customers, get a sense of ownership and independence when they are in charge of making the rules, marketing their product, picking a location, thinking of ways to boost sales, and even learning how to deal with disappointment or frustration, among many other things

Sheesh. Kids who have lemonade stands are like what, 7? When I had a lemonade stand when I was little, all I did was stand outside my house with a table and tried to sell some lemonade to people. I never understood what I was doing (understanding how to generate revenue), however I did use some basic arithmetic to figure out how much money I made (counting my savings). On the contrary though, I never thought into the future (making goals for how much money I wanted to make), it never taught me communication skills (dealing with diverse customers). On that note though, how many kids get a diverse set of customers? For that matter, how many kids go further than their front lawn or the sidewalk in front of their house? I did feel a sense of ownership (sense of ownership), but not to the extent where I was thinking of better locations, how to boost sales or better ways to market my lemonade. And since I was 7 and all cute and cuddly, everyone bought my lemonade. I don't think I was disappointment too much, except when it rained.

So yeah Scotty, I think you were right on about 2 or 3 of the 10 or so things you said that a lemonade stand did for the youth of America. Not all kids were entrepreneurs or philanthropists when they were 7. Most of them have lemonade stands because it gives them an excuse to drink lemonade and to hang out in the sun outside. Perfect combinations for little kids.

[Night Strike]

All of you who are deriding lemonade stands: is it your opinion that since lemonade stands don't teach every single detail of running a business, that means they're automatically bad things and should be banned by the government? It doesn't matter whether every single detail is taught: the idea is that the child is learning the values of setting goals of earning money through doing work. How is that a bad thing to be teaching children? Let's keep the government out of lemonade stands run by children and let them learn.

[Phatscotty]

The idea is also to get the wheels spinning in the children's head, when they understand how to generate revenues, use mathematics to count their savings, make goals for how much they expect to earn, learn communication skills in dealing with a diverse group of customers, get a sense of ownership and independence when they are in charge of making the rules, marketing their product, picking a location, thinking of ways to boost sales, and even learning how to deal with disappointment or frustration, among many other things

Sheesh. Kids who have lemonade stands are like what, 7? When I had a lemonade stand when I was little, all I did was stand outside my house with a table and tried to sell some lemonade to people. I never understood what I was doing (understanding how to generate revenue), however I did use some basic arithmetic to figure out how much money I made (counting my savings). On the contrary though, I never thought into the future (making goals for how much money I wanted to make), it never taught me communication skills (dealing with diverse customers). On that note though, how many kids get a diverse set of customers? For that matter, how many kids go further than their front lawn or the sidewalk in front of their house? I did feel a sense of ownership (sense of ownership), but not to the extent where I was thinking of better locations, how to boost sales or better ways to market my lemonade. And since I was 7 and all cute and cuddly, everyone bought my lemonade. I don't think I was disappointment too much, except when it rained.

So yeah Scotty, I think you were right on about 2 or 3 of the 10 or so things you said that a lemonade stand did for the youth of America. Not all kids were entrepreneurs or philanthropists when they were 7. Most of them have lemonade stands because it gives them an excuse to drink lemonade and to hang out in the sun outside. Perfect combinations for little kids.

Ya get what you put in.

Thanks for backing up a couple of the points, but did you not at any time figure out how much it would cost you for the lemonade mix, the cups, a marker etc... and then at that point realize you need to make 7$ to break even? Then did you also crunch out you need to sell 14 cups at 50 cents, or maybe 10 cups at 75 cents? Did you realize how much after that was profit? Also, about diverse groups. Did you know everyone who stopped by your stand? Did you understand to be courteous and say "thank you" to your customers? Did you only make 1 sign? where did you put it? Why did you put it there. Did you have plans, if you hit a goal of say 14$ and your sale went well, to reinvest and then set up another batch next weekend with your profits? did you at least imagine that you sale would go well and you would have more money than you started with? Did you try to think of ways to maximize your sales?

[Baron Von PWN]

All of you who are deriding lemonade stands: is it your opinion that since lemonade stands don't teach every single detail of running a business, that means they're automatically bad things and should be banned by the government? It doesn't matter whether every single detail is taught: the idea is that the child is learning the values of setting goals of earning money through doing work. How is that a bad thing to be teaching children? Let's keep the government out of lemonade stands run by children and let them learn.

See we just hate children. If something brings them joy or life experience we should send government goons to bayonet all involved immediately. Personally I think all children should be rounded up and made to run in hamster wheels for power generation, this would ensure both no joy or life experience but also ensure children do something useful for once.

[Phatscotty]

Except for the 4 yr old kid who's lemonade stands have raised over 40 million dollars to fund cancer treatment and research for a cure....

It looks like he understood the charity aspect of Free Market Capitalism at a very young age, and it worked beyond anyone's imagination.

[Army of GOD]

I always wanted to have a lemonade stand when I was little, but my street isn't busy enough (especially out in front of my house considering my street is horseshoe shaped so less than half of the people on my road don't even pass my house).

Also, I was way too lazy.

[Phatscotty]

I always wanted to have a lemonade stand when I was little, but my street isn't busy enough (especially out in front of my house considering my street is horseshoe shaped so less than half of the people on my road don't even pass my house).

Also, I was way too lazy.

Well, at least you grasped the importance of "location location location!" just by thinking about a lemonade stand

[Army of GOD]

I always wanted to have a lemonade stand when I was little, but my street isn't busy enough (especially out in front of my house considering my street is horseshoe shaped so less than half of the people on my road don't even pass my house).

Also, I was way too lazy.

Well, at least you grasped the importance of "location location location!" just by thinking about a lemonade stand

Yes, as my prostitution business didn't do so well either.

[Phatscotty]

I always wanted to have a lemonade stand when I was little, but my street isn't busy enough (especially out in front of my house considering my street is horseshoe shaped so less than half of the people on my road don't even pass my house).

Also, I was way too lazy.

Well, at least you grasped the importance of "location location location!" just by thinking about a lemonade stand

Yes, as my prostitution business didn't do so well either.

Try adding a charity concept to the mix

[Phatscotty]

A lemonade stand is supply and demand 101. Like a pop-up book version of Adam Smith's Wealth of Nations

[BigBallinStalin]

what is your evidence that a lemonade stand "does not teach kids a single thing" about the words I mentioned. (business, capital, investment, and capitalism)

Even though my initial point was limited to the following: having a business fully funded by someone who doesn't expect repayment of their investment, is not a "wonderful introduction to Capitalism", I will respond to your expansion upon that statement...

I will concede the first one (business) as it's a pretty generic term, and lemonade stands do indeed teach some aspects of business (production, sales, logistics to an extent). For the other three (capital, investment, and capitalism), I maintain that lemonade stands (in the sense I've described) do not teach kids anything. If you disagree, I'd be happy to consider whatever evidence you provide.

I guess the Phatster has nothing for ya.