I remember it like it was yesterday.
It was a hot summer week, so I went up to my mom to ask her for help with my lemonade stand. The next day we set up our old foldable table, some ice, and lemonade-making material. I have no idea how much money I made, but I had fun. That's all that's important...right?
Not in the real world of lemonade stands. Our first group project for entrepreneurial journalism was to come up with a business plan for a lemonade stand. It sounded pretty easy at first: we decided to partner with UNH dining, allow cats cache and dining dollars, sell other lemon-based products, use a mobile base of operations, etc.
We came to class last wednesday with all of this prepared, but then we were asked about prices. How much are supplies? How much are our products? What's our profit? Also, what permits do we need to acquire? What does it take to actually work with UNH dining services? Would we sell all year round? If lemonade is this hard to sell, I don't want to know what it's like to run a newspaper.
I'll post our final findings here once we calculate them.
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