Yes, you really should read Lemonade Stand Economics by Geof White.
I did, but that’s not such a great reason, so I won’t count that one.
My daughter, Brett, read it as well. Of course, she (@BookSquirt on twitter) reads everything under the sun, so that’s not very compelling either.
I wrote a bunch of twitter updates, or tweets, about it too; but again, not such a great reason. But, they do give you some idea of what’s in the book, so here are some of them, along with the seven reasons…
1. You are a teenager.
You’ve got school, perhaps college, and a career all ahead of you. Don’t you want some directions on how to do all of that well? Wouldn’t it also be awesome if you could do all of that without debt? You’re not going to get this information in your classes, and what you learn NOW is foundational to your adult career. You have a tremendous advantage if you start early, and if you’re still living at home, that can be a huge bonus, too. Teens, if your parents are too busy or disinterested to encourage you in this, take charge of your own destiny and get started without them. Lemonade Stand Economics* could be the game-changer for you!
“Start your financial planning in HS when you have dear old Mom+Dad right there 2 help.” #teen #money
“Working 4 yourself during HS is an enormous advantage over waiting 2 do so until you reach college.”
Lemonade Stand Economics “gives some entrepreneurial guidance in an arena that just isn’t presented in school.” #TEENS READ THIS!
“skills U learn while working for yourself in HS.. are the foundation you will need during your adult career.”
2. You are a “Millennial” or consider yourself part of “GenY”,
You are ready to unleash your awesomeness on the world and make it a better place. Problem is, you don’t know where to start. Wouldn’t you like some straight talk about how to get it done? How cool would it be to get some solid advice on how to handle the mistakes that you inevitably will make as you step out and start making a difference for you and for others? The simple, straightforward language conveys rock-solid truths about hard work, serving customers, and how to create success on a day-to-day basis. Personal stories illustrate the points well and keep the concepts interesting. Even someone who isn’t particularly fond of reading books can enjoy Lemonade Stand Economics*.
“Don’t b afraid 2 develop a personal relationship with your customers.” #smallbiz #GenY #CustServ
Pick, say, 8:00 to be walking out the door each day. And if that’s too early for you, then grow up. #teen #GenY
“Do not, under any circumstances, try to hide your mistake.” #millennials #GenY #teen #entrepreneur
3. You are a parent who has at least some degree of influence with a pre-teen, teenaged, or twenty-something child.
You’ve said it a hundred times, but maybe it’ll sink in if they read it. Although my children already learn much of this by working in our family business, I will still have them read Lemonade Stand Economics to help them understand what they have learned from a different perspective, and to gain insight on some of the finer points that they may have missed. Parents, read Lemonade Stand Economics* first, then tell me you wouldn’t LOVE to have your teen read and apply it.
“Whether you intend to set an example or not, you always do.” #parenting
“High school is an ideal time for saving money.” #parenting #teen #entrepreneurs
“A six-day work week isn’t going to kill you!” #teen #entrepreneur #debtsucks #parenting
“There R basic characteristics we all wish 4 our #children 2 have: confidence, motivation, intelligence, work ethic, discipline.”
4. You realize that debt is a burden.
How would you like concrete instruction on avoiding debt through the college years, when most students are borrowing even faster than they’re eating pizza? No, you probably won’t get it in 30 minutes, but this IS a quick read and will easily pay for itself… unlike your roommate. Maybe you should get two copies of Lemonade Stand Economics*.
“loans made it easy; they gave me a false sense that everything was being paid for.” #debtsucks
It’s not 1 loan that’ll bury you. Combination of little loans makes U feel like UR drowning. #debtsucks
As of October 2011, total outstanding #student #debt has passed $1 trillion, more than the nation’s credit card debt. #debtsucks
If U get enough side jobs, U could say UR side-jobbing your way thru school. #debtsucks
5. You need help managing your money or time or both.
Some have said, “Time is money.” Whether you agree with that or not, many people struggle with spending or saving them both wisely. The earlier in life you get a handle on how YOU take care of your time and money, the better. Simple tips and strategies that will help you develop a success-oriented mindset toward finances and time management are found throughout Lemonade Stand Economics*.
No Student Loans? Take amt of #money you would’ve used to pay off a student loan after grad +put it into a Roth IRA
To start credit game: go to credit union, get secured #credit card w/ low limit+low rate. Then don’t use it.
Write down what you do each day and the time spent doing it. #TimeMgt #TimeManagement
People who don’t have to manage their time usually don’t & really small tasks seem to trip them up easily.
“The difference between being #successful and unsuccessful is what you do with your #time.”
“Schedule yourself to market yourself.” #Marketing #TimeManagement #Entrepreneur
6. You are excited about business or being an entrepreneur.
Some people want to show up to do a job and have very little decision-making responsibilities. There’s nothing wrong with that. But if that’s not “you,” then there would definitely be something wrong with that in your case. I get that. Whether you want to run someone else’s business or your own, you’re going to need to know some of the basic truths and simple strategies described in Lemonade Stand Economics*.
“The best way 2 recognize an opportunity is to 1st know what UR capable of.” #teen #entrepreneur #smallbiz
“Never sacrifice quality for speed” http://gmsoap.co/1cLqgTA #entrepreneur #smallbiz #GenY #millennials
Some people get weird when it comes to profits, especially people who don’t work for themselves. #smallbiz
“Standards for behavior are much higher when you work for yourself.” #smallbiz #entrepreneur #GenY
1way 2increase the odds of things going smoothly is to create systems. #Systems maximize profits.
“Above all else fear will make you want to quit.” #teen #entrepreneur #smallbiz #GenY
7. You want to be a success.
Wow, you’re all the way down here at #7 and you’re still looking for a reason? Seriously, none of the above applied to you? OK, bottom line, Lemonade Stand Economics* has some fantastic life lessons that transcend parenthood, or your current age, or even preferences. While certain people will get a lot more out of it, simply put, it has lots that will either teach or resonate with just about everyone. These are philosophies, outlooks or general principles that help to drive success at every level, that are taught in a friendly narrative manner. As an entrepreneurial business owner and homeschooling father of 8 children, I encourage every teenager and parent of a teen to read this, but it has a much broader base than even that.
“How you conduct #business is a direct result of your #attitude, #workethic, and #values.”
#CustServ, #TimeMgt, #Mktg, #advertising, #selling…are…interwoven into every profession
#WorkEthic, #MoneyMgt, #TimeMgt + #CustServ are the foundation [for] your adult career.
“#Marketing yourself is a concept you will carry with you for the rest of your life.” #teen #smallbiz
Successful people, regardless of #business, industry, occupation, gender, or time in history, manage fear.
“Meeting expectations isn’t nearly as impressive as exceeding expectations.”
If you are still on the fence, just go ahead and get it. If you don’t like it after you’ve read it, leave a comment below about how wrong I was. Then we can have one of those really fun online comment battles!
Oh, if you really like any of the tweets and want to use them to tell all of your followers how smart you are about business because you read Lemonade Stand Economics*, feel free to just click it to be able to retweet, reply, or favorite it.
Disclimer: I was given a copy of Lemonade Stand Economics to review. I left my review on Amazon.com and thus fulfilled my end of the bargain, so to speak. Here’s the thing, I liked the book so much, and what it had to say, that I (on my own) wrote over 60 tweets about it and also decided to write this blog post to support it. These opinions are my own, and decidedly unbiased.