My kidts want to do lemonaide stand this summer?

Question

As I am going to be forking out the cash for the supplies, what percent of their profits am I entitled to?

Answer 1

Well if they are old enough and you want them to learn a real world lesson... call yourself the IRS and take it all.

Answer 2

You can work it as an interest free loan at first and then ask for something like 10% of the profits. Keep track of all materials and supplies and tell them you will take 30-50% of the profits until the loan is paid back and then once it's paid back, 10% for fronting them the loan. Or, they can buy back the money with working for you in various things, if you can afford to do so. Make a contract of things they will ahve to complete and what it will cover (1 week cleaning the pool is worth the wood. 1 month cleaning the kitchen floor is worth the Concentrate, etc). It's an early lesson in economics and business that may actually spark an interest in it for the future!

You'll probably also want to make sure that they are selling "Lemonade" instead of "Lemonaide", so make sure then run any spellings or signs through spell check or look at a dictionary.

Answer 3

I have fond memories of a lemonade stand as a child but I do not recall having to provide any of the profits to my parents.

Since the overall cost of the stand and supplies is so minimal, my recomendation is that you take absolutely none of the profits.

Sugar, lemonade packets or even frozen lemonade, the use of a pitcher and some ice.

The cost that you will be putting into this are some fantastic memories for your children, memories that they will probably keep with them for the rest of their lives.

The nice summer day, the experience of being out there and the thrill of making their first money. All of these provided by a loving and supporting parent.

Unless you are speaking of older children, like in their late teens, and this is a test of a business model for them, I would say that you should chalk this up to one heck of a lifetime memory, one in which you are involved in a positive way, and pay for whatever is needed.

Hope that this helps.

Buddhadan

Answer 4

Wow young-ins already getting into business. Little gangstas. huh. Well yeah you might be forking out a lot of cash because their kids but to earn it back take at least 8% that's fair and it's tough luv. That's how you get-em

Answer 5

Wow, that's not cool for your kids. Take 10%, that's what my friend's parents did. But I have to tell you, my friend always resented them for it. Because you won't much money but the few dollars your kids will make will seem like a lot of money to them. Have them do chores instead, like dishes for a week or something and give them the supplies in return.

Answer 6

first of all, it's lemonade.
secondly, if you're going to try to shake down your own flesh and blood, and grade schoolers at that, for a "return on investment", you're despicable. Having them reimburse you for supplies in order to teach them a lesson in business management is one thing, but muscling in on their meager earnings is quite another.

Answer 7

Don't take your kid's money. Don't spend more than 5 dollars either.

Answer 8

you are mean lol
my kids and i are going to have one this ummer as well and our procedes are going to the local animal shelter

Answer 9

its depends how much they make