1. LEMONADE STAND
STRATEGIES FOR SUCCESS
Lemonade Stand Game, 2013, retrieved 5
October, 2013, <http://www.lemonadestandgame.com/>
2. LEMONADE STAND
You
must make decisions on your
recipe, price and take into
consideration the weather.
You have a time frame of 30 days to
make as much profit as you can..
You begin the game with $20 in the
bank.
3. SETTING UP
You
control nearly every aspect of your
business.
You have to consider pricing, quality
control, inventory control, buying supplies
and the unpredictable weather
conditions.
It takes several days to develop an idea
of what its all about.
4. The
first factor to consider is the recipe. It
took a few days to get a recipe that
people liked.
Once you have a recipe you have to
estimate the amount of supplies you
need.
The game gives you an indication of how
many lemons are used per pitcher. This
assists you with calculating your supplies.
5. The
game also lets you know how much
profit you have made, what your
outgoings were you made for the day.
If you sell a good product for the right
price, your business will grow over time
and you will develop a good reputation.
Customers express their opinions on your
lemonade through a speech bubble.
7. RECIPE
A
good recipe is an important element in
the successful running of your lemonade
stand.
You need a good balance of
lemons, sugar and ice.
It can take a number of days and
adjustments to get your recipe right.
Customers will complain if the recipe is
not satisfactory.
8. PRICE
The price has to be just right.
Too expensive and the customers will not
purchase your lemonade and they will
complain.
Too cheap and you will not make enough
profit for your business to be a success.
However if, over time, you gain a reputation
for providing a good product, customers may
be willing to pay that bit extra!
9. WEATHER
The weather can impact greatly on the success of
your business.
If the weather is hot more ice is needed and if it is
cold, then less ice is required.
When the weather is hot it also brings out more
customers which means a good day for selling
nice cold lemonade. So this means more supplies.
However you have to be careful not to buy too
many supplies as they will spoil.
If the weather is hot you can make a proce
increase and make more profit.
If the weather is raining and cold the opposite
effect happens.
10. SUPPLIES
To enable you to make a sufficient profit you
have to make sure you have enough
supplies.
If you do not have enough you will sell out too
quickly and miss out on possible purchases.
If you have too many your supplies will spoil
and you ice will melt. This will mean you have
to purchase even more for the next day.
11. MY LEMONADE STAND
At first my start was slow. My price was 20c and it
was too high. I had purchased too much ice and it
melted.
My customer satisfaction was 51% and my
popularity was 4%.
I slowly worked my way up varying the
price, recipe and making sure I did not over spend
on supplies.
I did not make huge amounts of money but my
customer satisfaction was at times 100% and that
is what I measured my success on the most!!
