When Life Gives You Lemons, What Do You Need for a Lemonade Stand?
You have probably heard the phrase “when life gives you lemons, make lemonade”. It is a phrase usually shared to encourage people of optimism or positivity even at times of misfortune. It is also nice to be able to access refreshments like lemonade without having to go to the convenience store. Excited to start your lemonade business? Bottom's up and read more below on what do you need for a lemonade stand.
Have A Basic Business Plan
Just like any other business, you need to generate a business plan for your future lemonade stand. A lemonade stand may be small-scale but it still requires money and you need to know how much you are getting back from all your possible expenses. These expenses include your supplies, marketing efforts, other amenities, and even fees for the papers you need for your business (e.g. permits). How much you will be charging for a cup of lemonade highly depends on these matters. There are template samples on how to start a lemonade stand that you can find online if you are having a hard time thinking about where to start.
Get A Permit
Do you need a permit for a lemonade stand? Technically, yes! And it won't hurt to ask around your community or your local government unit in particular. Your permit processes and/or regulations on how to run a lemonade stand may vary based on your location. Some places may require you to acquire a health inspection, business license, or permits for putting up signages around your area, among others, so make sure to consult the authorities or other vendors you know of. It might sound like a lot of paperwork but once you have complied, you are good to go. It will save you time and money in the future too!
Pick Your Location
Aside from computing for promising profits and formulating lemonade recipes, another crucial tip is to pick your location. While you may opt to put up your lemonade stand near the sidewalk in front of your house, you can also opt to rent spaces near the local farmers' market or flea market or watch out for community festivals. These areas will give you more potential customers to market your products. It's been also reported that processing your vendor's permit in these areas is relatively easier. Wherever you choose, just make sure that your lemonade stand is highly visible to people.
Prepare the Essential Supplies
You need to prepare a checklist of the supplies you need for your lemonade stand. This includes but is not limited to, your pitcher or any container that will store your drinks, cups that can come in various sizes, a table or stand to hold your stuff, signs, and decorations to help market your product, other additional handy food products like candies, and of course, your cool and fresh lemonade supply. It would be fun to place a tip jar too so make sure your lemonade is of the best quality. And to power up your other essentials, you can set up a portable power station like the Anker 757 PowerHouse.
The requirements of how to make a lemonade stand are simple. First, prepare a business plan to guide you on your spending. Next, get your business permit by inquiring from certain offices in your community and then set up your physical lemonade stand at the venue of your choosing. When the papers and picking of location are all set, make a list of all the supplies you need for your business (e.g. portable power station). It is important to know the basics of what do you need for a lemonade stand to ensure the success of your budding lemonade stand. Widen your knowledge on lemonade stand ideas by surfing online too.
FAQs about Lemonade Stand
Do you still have other concerns? Below are the frequently asked questions on lemonade stand:
How much does it cost to start a lemonade stand?
According to The Balance (2022), the cost of setting up a lemonade stand may vary from $10 to $200 depending on the supplies and other amenities you'll be purchasing like cups, pitchers, table/stands, decorations, etc. You may also need to pay for permits or fees that your local government.
Is it cheaper to buy lemonade or make it?
The answer is, it is generally cheaper to buy lemonade than to make it. As an example, you can buy a 7-cup carton of Newman's Own on Peapod.com for $2.29 and spend about $6 on ingredients to make about the same volume of homemade lemonade. That is more than double the price of the store-bought lemonade.
Is a lemonade stand a good idea?
The answer is a resounding yes. A lemonade stand is a good idea for the reasons listed below:
- Its start-up costs are low: Starting a lemonade stand doesn't require a lot of money to invest in. You can make your own stand out of simple materials, and the ingredients for lemonade are affordable.
- It establishes credibility. It is considered a great setup for your child to interact with neighbors in a business way. This may be a chance for them to offer your child other housework like lawn mowing once they can sense they have the drive and responsibility to finish a job well.
- It teaches important skills: Running a lemonade stand can help teach children about entrepreneurship, money management, and customer service.
Overall, it is a fun way to earn extra income while also helping other people quench their thirst and learning things like business management. Complete what do you need for a lemonade stand and enjoy!
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