SouthCoast Kids Thrilled With Lemonade Day Return
After a three-year hiatus, we could not be more thrilled for the return of Fun 107's Lemonade Day.
Now that restrictions have been lifted, kids from all over the SouthCoast have already begun the preparations for their lemonade business plans.
The first step is partnering with a venture capitalist (often in the form of Mom, Dad, Vavo, etc). Then, the little entrepreneurs are immediately faced with some choices. Should they invest in a fancy, expensive lemonade stand or throw a tablecloth over a folding table? While an eye-catching lemonade stand is great, the important question is how many more glasses of lemonade would they have to sell to make up the difference?
Exposing children to financial literacy is important. This was one of the key reasons why BayCoast Bank has been involved in Lemonade Day since day one. The bank also helps facilitate Credit for Life fairs at local high schools.
Executive Vice President and Chief Lending Officer Carl Taber spoke with Michael and Maddie this morning about how Lemonade Day is a game-changer for these kids:
"Lemonade Day is a great way for young kids to start to learn how to run a business, make money, ... the pitfalls, things they need to do to overcome those pitfalls, and then they can make some money."
Many kids earn hundreds of dollars on Lemonade Day here on the SouthCoast. Our program teaches them to save some, spend some and donate some of their new winfall to their favorite local charities.
The hope is that the lessons learned through years of Lemonade Day participation can lay a foundation of business experience that will carry with them for years to come.
Lemonade Day will return to the SouthCoast on June 25.