Establishing a homemade lemonade stand involves a variety of critical components, ranging from raw materials like plastic, wood, lemons, sugar, and water to labor, typically provided by a sole proprietor.
Who to hire = you can hire a side worker to help organize sales and advertise.
What to make = profit that covers the expense and preferably more than just the expenses.
What to purchase = blender / holder for the lemonade, lemons (can be homemade), cups, a seat (optional), a stand (can be homemade), signs (optional).
Labour
Human Labour; normally a sole-proprietor.
Raw materials
Plastic, wood (for the formation of the stand), lemons, sugar, water, paper .
Information
Source of supply = local supermarkets or self-grown natural resources.
Political conditions = approval from government, following the law, nothing illegal.
Competitions = Other lemonade stand sellers, local supermarkets, free/public water fountains
Customers = Those who are in need of a quick drink, typically not struggling with any money issues. Demand will increase during the summer due to the increase in temperature.
New technology = efficient blenders and ways to serve the drink fast
Capital
Liquid capital: money earned. Non-liquid capital: the stand, lemons, water, blender, etc.
