CONNECTION | FEATURE At this year’s Lemonade Day, the average stand netted a total revenue of $229.47, with an average profit of $153.90. Ninety-four percent of participants paid back their investors, and with their profits, 44 percent spent some and 94 percent both saved and shared some of their profits. The average amount shared was $49.69 and the average total saved was $72.38. “These kids are really young, and this is so valuable for them,” says Bollinger, adding along with promoting the program, one of his responsibilities as a city champion is to visit lemonade stands on Lemonade Day. “I’ve seen how powerful it is to have a mentor and to learn a business. Entrepreneurship is where all the great ideas are going to come from, and this encourages these kids to think outside the box.” The majority of the Lemonade Day participants are in elementary school, and Bollinger notes this is an important time to make an impact on the community’s youth. “The Chamber found a youth program that gets those business wheels turning for kids,” he continues. “People in the community are supporting their businesses and who knows where that is going to take them.”
With an average profit of over $150, participants at this year’s Lemonade Day found creative ways to drive revenue.
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