Elizabeth Tayeb set up an elaborate lemonade stand outside Wal-Mart. As she waited for customers, the 9-year-old said the experience of running her own business for a day taught her valuable lessons.
“It was very hard just to put (the stand up),” Elizabeth said. “When my mom’s working, I know how she feels and how she needs to raise the money for us.”
Elizabeth was among many young entrepreneurs who set up stands across the U.S. on Sunday as part of the national Lemonade Day initiative. This was the Greater Killeen/Fort Hood area’s fifth year participating.
Lemonade Day is an educational initiative designed to introduce youths to entrepreneurship, said Amanda Stephens, a Lemonade Day spokeswoman.
“Children of all ages learn to set goals, develop a plan, secure an investor, create a product, make a profit and give back to their community,” she said.
This was the second year Elizabeth participated in Lemonade Day. Her mom, Connie Tayeb, said she definitely has the “spirit” of an entrepreneur.
When she’s not setting up her lemonade stand once a year, Elizabeth makes bracelets, which she hopes to sell.
She said it would be “very cool” to own her own company.
“It’s cool that I get to do this again and I get to start a business for a day,” she said. “That’s really awesome that I get my own stand.”
Tayeb said she loves the idea of a national day to give children the opportunity to understand how business works.
“It’s amazing for them to understand really how the world is working. There’s a lot of entrepreneurs out there and the kids these days need as big a start as possible in life,” she said. “She definitely learned about budgeting and money doesn’t take you as far as you think it will, but also just how to run a business in general.”