CARTOONS BY CHRIS BRITT
StartUp_Wisdom_online2
StartUp_Wisdom_online2
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DISADVANTAGES<br />
Bad weather. One thing you can’t predict is the weather. Be prepared to postpone your<br />
business opportunity if the weather prevents the walk up traffic you hoped for.<br />
You may not make a profit. Not all lemonade stands make money. Your location could<br />
be off the beaten path or your marketing may have failed. Either way, you may have to<br />
try a second or third time to get it right. Fortunately the risk is low; a few dollars and a<br />
wasted day.<br />
Local health rules. Local health departments may have different regulations relating to<br />
selling food or beverages even from your own lemonade stand.<br />
Unrealistic goals. You may make less money than you expected and may not end up with<br />
that Ipad you have your heart set on.<br />
LEMONADE STAND EXAMPLE<br />
At just 11-years-old, little Mikaela Ulmer launched her own lemonade stand. After<br />
getting stung by a bee, she and her mom did some research and decided to switch to local<br />
honey as a sweetener instead of sugar. Her story landed her a spot on Shark Tank where<br />
sharkpreneur Daymond John invested $60,000 into Ulmer’s BeeSweet Lemonade. One year<br />
later, BeeSweet’s initial regional distribution deal with Whole Foods had morphed into<br />
a national deal through United Natural Foods, worth $11 million. BeeSweet Lemonade<br />
is now available at 55 Whole Foods stores, from Texas to Oklahoma and Arkansas,<br />
Louisiana and New York. A portion of the profit from Mikaela’s lemonade funds research<br />
to find ways to reverse the dwindling population of honey bees.<br />
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