Let me be clear up front that Jackjack does not want for anything. He eats five or six square meals a day (seriously, the boy is always eating) and has just about every Lego known to man.
But Lego money doesn’t fall from the sky, and his birthday and Christmas money has long since been spent. We don’t pay for grades, and Papa and I haven’t agreed on an allowance philosophy.
What does that leave? Entrepreneurship, of course! He decided to sell bottled waters at Papa’s comic shop (it’s the modern-day version of a lemonade stand).
|Ice cold water 1$ each (no, I did not proofread).|
We talked about how much money he had on hand ($10) and how much of that he wanted to spend (not all of it). I told him I would be his “angel investor” and supply the cooler and cover the cost of the ice.
At the store, he pushed the cart, paid the cashier, and completed the entire transaction himself. He got two cases of water for about $7.
At home, we calculated how much each bottle of water cost him and talked about how much he wanted to charge. He decided on $1 each, and was very hopeful that he would sell out.
We got to the store, he made his sign, and set up shop. The paper-bag armor and helm are part of his marketing strategy, I’m sure. ;o)
Business was slow but steady. He sold 15 bottles but didn’t sell out. At the end of the day, he liquidated his excess inventory to Papa for the bargain price of 50c each.
He wound up with a net profit of $24.50, which isn’t bad for a first attempt. Instead of buying a Lego set, he’s decided to save up for a while.
He’s already planning his next business venture–I’ll keep you posted!
This article was shared on Clever Chicks, Butter Believer, Your Great Idea, Small Footprint Friday, Simple Lives Thursday, Thank Your Body Thursday, Fabulously Frugal Thursday, Party Wave Wednesday, Cast Party Wednesday, The Thrifty Home, and Wildcrafting Wednesday.