How to Shop When You Mean Business: Why All Lemons Are Not Equal


I absolutely love to shop. Unfortunately, shopping for your business is nothing like visiting Justice to check out the newest fashions.

Shopping for business supplies is serious business, even if all you need to buy is lemons for your corner lemonade stand. Why? Even if you're selling lemonade only to donate the profits to your favorite charity (we love Alex's Lemonade Stand) you cannot donate any money unless you make money.

LEARN THE MAGIC EQUATION

Every time we shop for supplies, we have this magic equation in mind:

(SALES PRICE) - (COSTS) = PROFIT

The "Sales Prices" is the price that you charge for your lemonade. The first time I ran a lemonade sale with my sisters, we charged 50 cents a cup. (We'll talk about how to set a sales price in a future blog post.)