Amy Wasney

How a lemonade stand can change your child’s life

Learning entrepreneurial and financial literacy skills at an early age can have a lasting impact on children

Sponsored by Young Entrepreneurs Learning Labs | Impress Branded Content

For many kids, operating a lemonade stand is their first foray into business ownership. But teaching them entrepreneurship and financial literacy skills at an early age can have a lasting impact and help them squeeze the most out of life long after the juice runs out.

Young EntrepreneursYoung Entrepreneur Learning Labs is a new after-school enrichment program that engages children ages 7-15 in entrepreneurial thinking with the aim of fostering their natural, enterprising spirit. Kids learn vital business and financial literacy skills, while starting their own micro-businesses in a fun and experiential way. The sixteen-week entrepreneurship program ends in a Market Day, where the kids set up shop and sell their wares, with the aim of turning a profit.

How starting a lemonade stand (or a business) can change your child’s life:

  • They begin to grasp the concept of working and getting paid for doing a job.
  • As they work through all the different elements involved in starting a business, they start to think about what they love to do, what they are passionate about and learn to take note of these as they go through life.
  • They start to see problems as opportunities, and look to come up with creative solutions.
  • They learn that it takes a lot of hard work to make a dollar, which helps them become responsible with money.
  • They develop leadership, teamwork, and time management and communication skills.

Fostering an entrepreneurial spirit at an early age will help empower kids to take charge of their careers, finances and future in any economic condition, so when life hands them lemons, they can create a business plan.

Entrepreneurship programs are set to launch in the South Surrey area in September 2016.

For more information on the programs offered at Young Entrepreneur Learning Labs, visit yelearninglabs.com

Young Entrepreneurs

 

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