Young entrepreneurs squeeze big lessons out of Lemonade Day Kamloops

She’s learning that a good business needs something to set it apart far before the first cup is poured. Participants work through the basics of building a business from scratch.

“What goes into starting and operating your own business? How you get seed funding, what your expenses are, how you create revenue through a business, and then ultimately maybe even making some profits,” says Blair Gray, manager for Community Futures Thompson Country.

That means setting prices, tracking costs and learning how to turn passersby into paying customers. For the young owners, it’s a crash course in business with a sweeter bottom line.

“Being able to converse with people, going out and saying, ‘hey, would you like to buy some lemonade?’ [and] speak to maybe the fundraising that they’re doing,” adds Gray.

The money isn’t all going into their own pockets.

Many stands are giving a shared to local causes, while the rest go towards goals both big and small.

“We’re hoping to donate to the B.C. Wildlife Park,” Abby Gray, participant and co-owner of “Sweet & Sour Lemonade” told the CFJC Today team.

“I’m also saving for a fish tank, actually. Also, I’m just saving up for a car as well.” says Scott, alluding to her aspirations when handling the profit.

When life gives these young entrepreneurs lemons, they didn’t just make lemonade, they make business.

by Jeremy Russo

Young entrepreneurs squeeze big lessons out of Lemonade Day Kamloops

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