Hi my name is Jessie and I will be starting a lemonade stand! I will be selling strawberry lemonade
For the factor of production land I will be selling at the beach. We will also need strawberries and lemons. Our perpetual resources are sunlight and air.
For the factor of production human capital me and my mom have searched up the best strawberry lemonade recipes and will be creating them and trying them to see which one is the best to sell.
For the factor of production physical capital it involves anything man made, so that would include the tools we use like knives, spoons, cups, tables, chairs etc.
For the factor of production labor me and my mom will be making the lemonade at home. I will then go and sell it on my own. My profit will come from selling cups of lemonade for 1.00 and a soda cup for 2.75
Jessie started selling on Saturday morning. Business was slow but towards the middle of the day she started having customers. She had multiple people buy from her and sold out by 5pm. She started selling every week because she loved what she did and it became her passion.
That’ll be 1.00 please
In the future with all the money she made at the lemonade stand she saved it up to buy a small store to make and sell her lemonade. She now does this as a full time job and plans to expand & hire employees