Comments on: The Lemonade Principle – What Entrepreneurs Can Learn From Eight-Year-Olds http://www.infochachkie.com/lemonade/ Entrepreneur infoChackies for business success Tue, 09 Mar 2010 16:11:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ben http://www.infochachkie.com/lemonade/comment-page-1/#comment-970 Ben Tue, 04 Nov 2008 18:54:06 +0000 http://www.infochachkie.com/lemonade/#comment-970 So True! My six year old daughter grossed $35 in sales revenue in one hour from her fold up card table lemonade stand she put in front of the elementary school just before school let out. She then donated the funds to the local animal shelter for cats. Her gratification was the venture itself more than the money, and she loved being recognized in the animal shelter newsletter as a donor. The lemonade wasn't that great but the support poured out from everwhere in fast order. So True! My six year old daughter grossed $35 in sales revenue in one hour from her fold up card table lemonade stand she put in front of the elementary school just before school let out. She then donated the funds to the local animal shelter for cats. Her gratification was the venture itself more than the money, and she loved being recognized in the animal shelter newsletter as a donor. The lemonade wasn’t that great but the support poured out from everwhere in fast order.

]]> By: Bill http://www.infochachkie.com/lemonade/comment-page-1/#comment-907 Bill Wed, 22 Oct 2008 22:02:39 +0000 http://www.infochachkie.com/lemonade/#comment-907 Absolutely brilliant! In addition to all of the insights you shared, I'd also like to point out a few other takeaways: 1) the eight-year old didn't think about writing a business plan and ask for VC for funding. He simply took action and just started the lemonade stand. A lot of us just sat there and thought about ideas without taking action. 2) the eight-year old didn't go to a VC for funding. :-) he probably got a little bit money from his parents. he had to learn to be frugal, and saved the cash to sustain his small operation. 3) a large part of entrepreneurship is about selling. Bill Absolutely brilliant!

In addition to all of the insights you shared, I’d also like to point out a few other takeaways:

1) the eight-year old didn’t think about writing a business plan and ask for VC for funding. He simply took action and just started the lemonade stand. A lot of us just sat there and thought about ideas without taking action.

2) the eight-year old didn’t go to a VC for funding. :-) he probably got a little bit money from his parents. he had to learn to be frugal, and saved the cash to sustain his small operation.

3) a large part of entrepreneurship is about selling.

Bill

]]> By: Uncle Saul http://www.infochachkie.com/lemonade/comment-page-1/#comment-905 Uncle Saul Wed, 22 Oct 2008 14:49:16 +0000 http://www.infochachkie.com/lemonade/#comment-905 If you liked this article, check out Small Ideas, Big Benefits, which discusses other advantages to starting small, mini-ventures. If you liked this article, check out Small Ideas, Big Benefits, which discusses other advantages to starting small, mini-ventures.

]]> By: Thomas Anglero http://www.infochachkie.com/lemonade/comment-page-1/#comment-904 Thomas Anglero Wed, 22 Oct 2008 14:04:10 +0000 http://www.infochachkie.com/lemonade/#comment-904 Absolutely great post! Absolutely great post!

]]> By: old cars junk yards | Bookmarks URL http://www.infochachkie.com/lemonade/comment-page-1/#comment-903 old cars junk yards | Bookmarks URL Wed, 22 Oct 2008 05:17:53 +0000 http://www.infochachkie.com/lemonade/#comment-903 [...] The Lemonade Principle – What Entrepreneurs Can Learn From Eight … As a kid, I loved selling junk in our front yard – broken toys, self-penned (and wonderfully self-illustrated) stories, bags of salty popcorn and, of course, sickly sweet lemonade. My parents finally put a moratorium on my front-yard … [...] [...] The Lemonade Principle – What Entrepreneurs Can Learn From Eight … As a kid, I loved selling junk in our front yard – broken toys, self-penned (and wonderfully self-illustrated) stories, bags of salty popcorn and, of course, sickly sweet lemonade. My parents finally put a moratorium on my front-yard … [...]

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