Sunday is Lemonade Day Maine! Join GWI in Supporting Maine’s Budding Entrepreneurs
This Sunday, June 3, over a thousand young entrepreneurs all over Maine will be open for business for the first time – the lemonade business. One of two statewide entrepreneurship programs GWI supports, Lemonade Day teaches kids 14 lessons of fiscal responsibility and business, including:
- Building a Budget
- Setting Goals and Earning a Profit
- Customer service
- Community involvement
- Paying back investors
The children who participate in lemonade day get a backpack with an entrepreneurship workbook to help them learn about these and more. They can keep everything they earn, although they are encouraged to share some, and they can enter contests for the best recipe or the best stand design. Most importantly, participants who demonstrate understanding of the mathematics involved in running a business have the opportunity to win a $2500 scholarship provided by GWI.
Investing in Entrepreneurship is Investing in Maine’s Future
When we announced our involvement with Lemonade Day in our blog on March 28th we explained that supporting entrepreneurship is vital in Maine because 97% of Maine businesses are small companies, and these companies supply nearly 60% of Maine jobs. The reality is that many small business people who got into business because they love their product may lack fundamental training in business skills necessary to be successful.
Lemonade Day’s Executive Director Kate Krukowski-Gooding explains the need for skills in resource deprived small businesses this way: “I became involved when I worked in manufacturing in the 90’s and the small manufacturers struggle. The smaller the company, the more hats each person wore to complete all the jobs it takes to run a business.” Gooding sees Lemonade day’s emphasis on youth education as building a strong foundation. “When I saw this youth entrepreneurial program I really felt this was something Maine needed. With so many small businesses and no entrepreneurial education I knew there was a disconnect and thought this program could be the base to build Maine’s future economy from the youth up.”
You can help! Quench your thirst at one of these brand new Maine small businesses between 12 and 3 this Sunday!
Lemonade Day Maine provides a map on its web site where their youth participants can promote their fledgling business. It’s only a partial listing, however, so keep your eyes open for stands in your neighborhood. You can support Maine’s entrepreneurial youth and the Lemonade Day program by stopping by a stand in your area and sampling the efforts of your local young small business owner between 12 and 3 PM this Sunday, June 3rd, 2012! We’ve shared the map below for your convenience:
View Lemonade Day Maine – June 3, 2012 in a larger map