The warm weather is finally here! I remember when I was a kid my summer days were full of riding my bike, swimming in the Mount Vernon pool, and selling lemonade at my mom’s garage sales. Get ready to relive your childhood by helping your kids ages 5-12 create their own stellar lemonade stand financed by Hills Bank! This is a great opportunity to teach your children about finances, customer service, and business all while spending quality time with them doing something you’ll both enjoy.
To get the business going, bring your child in to any Hills Bank location to fill out an application. Don’t worry, we won’t check your child’s credit! A parent or guardian’s signature in addition to the child’s is required to complete the form. After the instant approval process, your young entrepreneur will receive their Lemon Boss Starter Kit which includes the following:
- Hills Bank cups, money bag, and pitcher
- “Financed by Hills Bank” sticker
- “I’m a Lemon Boss” button
- Wooden spoon
- Hand sanitizer
- Income Statement Sheet
- Start-up money for their business
Here are four basic tips to help your kids succeed in their Lemon Boss business. Review with them the basics of running a business and being a boss.
Create a business plan.
Help your child establish rules on how their business will be run, such as hours of operation and pricing, and encourage them stick to their plan. Identify their target customers and determine with your child how best to attract them.
Make the best product on the block.
All cups of lemonade are the same; right? Wrong! Do something different with your stand like adding a lemon wedge or a drink umbrella. If customers enjoy the lemonade, they are more likely to tell others about your kid’s Lemon Boss stand!
Location, location, location.
Location is EVERYTHING when it comes to selling lemonade. Make sure there is a high volume of pedestrian traffic to ensure sales.
Build a customer base and don’t be afraid to ask for referrals.
Referrals are the easiest way to build your child’s customer base. If your child does get a referral from a customer, remind them to say thank you!
Hills Bank was founded on the belief that banks should care about the people they serve and provide ways to help them prosper. We support local businesses of all shapes and sizes, even lemonade stands. So stop by any Hills Bank location to fill out a Lemon Boss application today. No lemon squeezing required!
Be sure to share your Lemon Boss stories in the comment box below, by emailing us at LemonBoss@HillsBank.com or on social media by using #LemonBoss.