Ten Tips For Turning Lemons Into Loot

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Presentation transcript:

Ten Tips For Turning Lemons Into Loot By Jessie and Evan Treski

Tip #1: Location It all starts with where you put your lemonade stand.

Tip #2: Advertising Make your lemons stand out in a crowd

Tip #3: Underselling Cheap! Cheaper! Cheapest lemons in town.

Tip #4: Goodwill How to make people love your lemons

Tip #5: Value-Added Giving your lemons that something extra.

Tip # 6: Business Regulations Be sure you know your local lemon laws

Tip #7: Profit Margin How to calculate the limits of your lemons.

Tip # 8: Franchises How thirteen lemons can earn more than one.

Tip #9: Going Mobile Take your lemons on the road.

Tip #10: Employee Appreciation Don’t be a sour boss – always say thank you to your workers.

Brother and Sister Win Annual Labor Day Contest This year’s winners in the annual Rotary Club Labor Day Contest open to all town residents ages 8-12 are Jessie (age 8) and Evan (age 10) Treski of 81 Parsons Road. The brother-and-sister team created an impressive poster that described their entrepreneurial efforts as purveyors of lemonade. “It was hot, so we decided to sell lemonade,” said Evan. “And then Jessie had the great idea of taking everything we learned and making it into a poster of the contest.” The award-winning poster included ten tips for running a successful lemonade stand, a profit-and-loss statement, business definitions, and a chart that tracked franchise profits. “We’ve had other entries in other years that described business, “ said Jack Petrocini, president of the local chapter of the Rotary Club. “But never anything with this much detail. We were very impressed.” Jessie and Evan will share the $100 prize money. Will they use it to start up another business? “No,” said Jessie. “We kind of need a break from running a business, because of school starting.” Both Jessie and Evan are fourth-graders at Hillside Elementary School.

Jessie and Evan’s Money Plan PRIVATE ! $100 (prize money) $ 62.11 (Evan’s lemonade money) $ 10 (Jessie’s birthday money) $172.11 $104 Megan’s donation to the Animal Rescue League $ 34.06 Jessie’s Animal Rescue League fund $ 34.05 Evan’s ipod fund