Motivated to earn money to buy a $400 Lego Star Wars Death Star set, 8-year-old Jack Bonneau approached his father with an idea for starting his own lemonade stand.
Instead of setting up shop on his neighborhood street like most kids do, Jack and his father opened the lemonade stand at the local farmers market. The stand quickly grew to three more markets by the next spring. In 2015, sales reached $25,000, and this year they plan to expand with several more stands in the Denver area as well as one in Detroit.
With his father’s guidance, Jack took courses in personal finance and financial literacy at The Young Americans Center for Financial Education in Denver. The center offers these types of courses to people ages 6 to 21, while the Young Americans Bank specializes in loans to children.
As his own business continues to grow, Jack is collaborating with other young entrepreneurs to create a marketplace that carries various items – all made by young business owners.