TERRE HAUTE —
Handed economic lemons by their elders, American children hope to sell lemonade.
Hundreds of local students will dot the town with lemonade stands Saturday, part of the 5-year-old Lemonade Day project now active in 40 cities across the country. A component of Prepared 4 Life, a tax-exempt organization that promotes entrepreneurship, the Lemonade Day event was born in 2007 when Indiana State University alumnus Michael Holthouse taught his daughter how to launch a business outside their home in Houston.
Sarah Stallard said her 6-year-old daughter, Kaelynn, first saw the program while watching a recent PBS program. Even before she knew it was coming to Terre Haute, the Devaney Elementary School first-grader wanted to participate.
“It was absolutely all her idea,” the proud mom said, explaining her daughter’s crew will be set up at Mogger’s Brewery on Poplar Street.
Courtney Richey, director of graduate admissions at St. Mary-of-the-Woods College, said this will be Terre Haute’s first time in the movement, which is explained at length on www.lemonadeday.org.
A graduate of both SMWC and ISU herself, Richey knew of Holthouse’s work through the network of Sycamore alumni, and she brought that information back home where a Woods graduate student wrote a thesis about the project.
Holthouse was founder and president of Paranet Inc., which he sold to Sprint in 1997 after earning honors such as INC. magazine’s Entrepreneurs of the Year.
“We have more than 300 kids registered,” Richey said of the participants, who will be competing for business today, each armed with lemonade stands and all the marketing savvy they can muster. “They’ll be everywhere. One of the reasons they’ll be everywhere is they’ll learn how important location is.”
Participants range from pre-schoolers to high school seniors, and some have designed websites to help promote their businesses, which might well include the sale of cookies or various flavors of lemonade. In addition to tabulating the financial results of the project, participants will submit an essay about what they learned, and an overall winner will be selected.
Richey said the winner will be allowed to set up a lemonade stand at the 2012 Downtown Terre Haute Block Party on Aug. 25.
“We encourage them to use this as a fundraiser,” she said of the money to be earned Saturday. While a portion of the funds should be spent on something special for the child, organizers hope they dedicate a portion of it to charity, she said.
“We’re challenging the community to visit at least three stands,” she said, explaining each participant can set their own prices, and a good deal of variety is expected throughout the day.
The Stallard family will donate half the day’s proceeds to breast cancer research, in keeping with the marketing theme, “Think Pink — Lemonade by Kaelynn.”
Kaelynn said pink is her favorite color and she hopes to sell out.
“I’m going to say maybe about 300,” she said of estimated sales Saturday. In addition to pink lemonade, she’ll also sell lemon-flavored cookies, she said.
Marketing and business savviness could play a role in her long-term career goals, because the 6-year-old says entertainment is her job of choice.
“I want to be a rock star,” she said.
Brian Boyce can be reached at 812-231-4253 or brian.boyce@tribstar.com.
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