My Entrepreneurship Story -3A

Lemons and Nicole = Good money

During my childhood, from fourth grade to about sixth grade, I spent my summers making lemonade. My dad made me a little stand with a small table and two beach umbrellas. My mom bought me lemons, sugar, two gallons of water, and plastic cups . I made two pitchers of lemonade and went outside from 11 a.m to 1 p.m then back out again at 3 p.m to 5 p.m once a week. I sold the lemonade for 75 cents. I remember people giving me a dollar and letting me keep the change, so I made about 10 dollars a week. My mom kept the receipt and deducted the lemons, waters and cups from my $10. I ended up profiting about $6. I did this for almost two summers. I realized that I was making an extra 25 cents when I priced the lemonade for 75 cents. I told my dad I wanted to up the price to $1.50 and hope to make two dollars for each cup. He said no one would that much for a lemonade. As a stubborn child I decided to take the risk and charge $1.50 knowing people might not want to pay that much. I told my mom I needed more cups but I wanted cheaper ones. I went to a near by dollar store and got cups at a much cheaper price. The next day I brought out my stand, set up my umbrellas, and made my lemonade. This time I wrote on all the cups "Nicole's Lemonade." I definitely remember not having as many customers but still enough to make more than $10. I was so happy and excited because I sold lemonade for $1.50 and people were willing to pay for it! I sold lemonade almost every day and made a lot of money for a little kid. I ended up saving my money and buying roller skates and candy.

I was definitely an entrepreneur as a kid. I took risks, I invested my time making and selling lemonade instead of playing with friends, and I was happy about it. I was not only happy about the money but happy with the fact that people bought my idea and enjoyed it!

I enrolled into ENT3003 not only because it was a requirement but because I found an interest in entrepreneurship when I watched the movie Syrup. I'm hoping to have a different mindset and be more open minded by the end of this class. I'd like to grow and have a clear knowledge of entrepreneurship.