Categorias: Todos - capital - land - entrepreneurship - resilience

por Sabrena Yang 6 anos atrás

357

Lemonade Stand

Setting up a lemonade stand involves several key factors of production. Entrepreneurship plays a vital role in recognizing the demand for cold drinks on hot days, presenting a low-risk, high-reward opportunity.

Lemonade Stand

Lemonade Stand- Factors of Production

Entrepreneurship

Skills- Resilience (ability to stand outside for long periods of time), Organization (maintain a hygienic stand)
Only require one level of management (seller overseas everything)
Low-risk endeavor (high potential earnings)
Recognized need for cold drinks on a hot day

Labour

Voluntary, Physical- one employee (me), no cost

Land

Raw materials- water, lemons, sugar
On personal/private land, therefore no cost

Capital Resources

Materials-table, plastic cups, paper sign
Machinery- ice trays, freezer, refrigerator,
Funding- depends on the quantity of lemonade planning to be sold