Start a lemonade standIn this project you will be challenged with the task of designing your own lemonade stand. Be ready to work with fractions, mixed numbers, and decimal operations!
Some of the skills needed to complete this project are 5th grade level. Please watch the Khan Academy videos below if you need help. Multiplying Decimals Dividing Decimals Adding/Subtracting Fractions Multiplying Fractions Dividing Fractions If you're interested in taking this challenge, please see Miss Weighall for your important documents. |
Part 1: How to build a lemonade stand
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Think About!
• What does a lemonade stand look like? • Do all lemonade stands look the same? • How can you make your lemonade stand out to customers? • What materials are needed to start a lemonade stand? • What is the process taken to build a lemonade stand? • How large will your lemonade stand need to be to accommodate the supplies you need? You may design your stand using an app of your choice or you can use the paper from your packet. |
Part 2: Starting a Business
Think About It!
• What are the steps necessary to start a business? • What are some reasons that a person would start a business? • Who would be a customer for this type of business? • How does location affect the success of a business? Complete in your packet. |
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Part 3: Building your lemonade stand
Think About It!
• What is an investor? Who can you get to invest in a business? • What items are necessary to start your lemonade business? • What items are fun, but not necessary? • How can you shop smart when buying materials for your lemonade stand? You may need to visit the Khan Academy videos from above for help during this part of the project. Complete in your packet. |
Part 4: Gathering Supplies
Think About It!
• Which drink is more expensive: lemonade or limeade? • Does having two types of drinks bring value to your business? Is it worth the added cost of limeade? • What other drinks can you serve? One of the drink dispensers will hold 3 types. (Raspberry and strawberry lemonade are popular!) • How can you use your customer number estimate to plan your shopping trips? What happens if you buy too few or too many supplies? Complete in packet. |
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Part 5: Cost Analysis and Marketing
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Think About It!
• What is profit and margin? • Where does your revenue come from when you run a lemonade stand? • How much profit is enough to make the lemonade stand worth your time? • Why can’t we just charge $100/cup and make a ton of profit? • What technology can you use to market your lemonade stand? Complete in packet. |