Your students will set up a successful lemonade stand using the Lemonade Stand Game online (link provided). Students will determine how much it will cost to make the lemonade, how they will make the lemonade and how much to charge for each cup. The project materials help to guide students to understand how to make the best business decisions and to track their progress. They are able to use their own data tracker to see what works, what didn't and how to make adjustments to improve profits. It is a great way to learn about the fundamentals of economics and becoming an entrepreneur.
The project can be adapted easily to meet the needs of many different grade levels.