Camp teaches kids to turn fresh lemons into cold cash
Child entrepreneurs pitch lemonade to Saskatoon's thirsty
There are some truisms in business.
"We've got to work as a team," advised Nicholas Parfitt.
"The important thing is you don't put the price too high or too low."
It's timeless advice, and in this case, it's coming from a nine-year-old boy.
Parfitt and his colleagues have soaked up their newfound business skills in a summer camp in Saskatoon for children in Grades 4 to 6, hosted by Junior Achievement Saskatchewan.
JA Kidpreneur camp
"It teaches you the basic skills that you need in life, right?" said instructor Catherine Sun. "To budget, to get a loan. Maybe if you have a business idea you can see how to start it at a young age."
"They are very bright kids and we can see them doing a great job in the future and so that's amazing," said co-instructor Meriem Ammari.
The free, four-day camp offered lessons on investing, marketing and profits, all built around a very real-world business, the lemonade stand. The children workshopped their ideas, including names like World's Best, and Epic Lemonade.
It takes more than lemons and sugar
Today is graduation day, where the children actually move from concept to reality by setting up their lemonade stands, reaching out to the thirsty public and trying to turn a sweet profit.
If you buy two you can get one free!- Nicholas Parfitt
Finding the right location, another key lesson, was not lost on campers Arlee Gonzalez and Zoe Alison, who decided to hang their shingle along the river near Saskatoon's Delta Bessborough Hotel.
"There is like an exercising area there, people might be tired of exercising so they going to want to get some lemonade probably," said Gonzalez.
Both had high hopes in their ability to turn fresh lemons into cold cash.
"Hoping $100," said Alison.
"Maybe $100 or $50, there's lots of people around the area that we chose, so I'm hoping that's going to be the spot," added Gonzalez.
Not to be outdone by the competition, Parfitt dug deep to find his inner salesperson, offering up a quick pitch to convince thirsty city folk to visit his lemonade stand.
"If you buy two you can get one free!"
with files from Saskatoon Morning