Run a Lemonade Stand

by Matthew (subscribe)

It may look, sound and feel like a cliché belonging to the 1960s or 1970s era, but the idea of a setting up a lemonade stand could be a classic, timeless and enjoyable activity, even today.

Any form of self-employment or sole trading conducted in Australia requires an ABN, or Australian Business Number. Be sure to register for an ABN before you do anything else.

All you need is a respectable sized table, some chairs, a cooler with water and biodegradable cups. Don't forget to set up a banner that says LEMONADE, accompanied by price per cup. Arrange your fees based on ingredients expenditure and by setting a decent profit.

This special lemonade is made from granulated sugar, squeezed lemons and chilled water. Make sure you experiment to get just the right twist of flavours prior to launching your enterprise.

Be strategic. Set up shop in a busy area. Dot all your I's and cross all your T's. Keep in mind that some municipalities have different regulations regarding permits.

Lawsuits are more than common these days, so liability insurance can be another issue. Consult your solicitor about whether or not you need it. No matter how ridiculous the hypothetical, anything is possible. Such potential incidents that need to be dealt with may include a customer's allergic reaction to lemons, or customers walking into your stand and bringing the whole thing down upon themselves, you and others.

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Why? For sweet profit with a sour taste

When: Anytime

Where: Anywhere in a busy street

Cost: Depends on lemonade ingredients and setting up shop

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