Monday, May 14, 2012

Next Stop: Dragon's Den!

For 3 weeks, Isabelle has seen all the people walking past our house to see the tulips. They are out there morning, noon and night. In addition, the weather has been very hot. Her and Dad cooked up a plan to capitalize on this market opportunity with a classic product offering: the traditional lemonade stand! We stopped in to pick up some concentrated lemonade at the grocery store, where Mommy was surprised when Daddy and Isabelle came back with 5 cans. Clearly she underestimated the project's potential! Within minutes of setting up shop Isabelle had 2 customers, who she shyly served while hiding behind her Dad. Then they just kept coming and coming! Fifteen minutes in Isabelle hit double digits in revenue and units sold, with no turning back. It turns out her success was likely a combination of her price (the fresh lemonade at the festival was $4) and her cuteness, with the latter surely being the biggest influencer. She toughed it out for an hour, with her Dad regularly filling pitchers in the kitchen, deciding finally to close her doors with $28 in her pocket. She delivered a final cup to our across the street neighbours, who were thrilled to get such special treatment, then started to plan where to spend her newfound wealth. It didn't take long at all: new scooter! Her first taste of the cutthroat business world was nothing but success. Look out, captains of industry, there is a new girl ready to take you on!

First rule of business: don't jeopardize your profits by dipping into your product!



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