What a 10 year old taught / reminded me this week

My neighbor's daughter Violet is forever an entrepreneur. She is always hustling. This past week, her lemonade stand is up because its been hot in Seattle. She was selling lemonade for $1.00 a cup. I could of swear last time it was $.50 #inflation #cogs #CPI #COLA LOL

So after a long day, and the fact I always want to support her hustle. As I ordered my lemonade, I was the last customer for that hour and she was going to close down. She was out of inventory. So what did she do? She made a new batch for me. And then after she served me, She asked if I would like the dark green or the light green straw. I chose the dark green straw.

What did she teach or remind me? Have inventory. You never know how much you can sell if you run out of inventory. We had a saying at Home Depot, stack it high and watch it fly..you will never know what you can sell if you always run out...you lose sales, and never have enough for the spikes in sales.

Secondly, the choice of green or light green. Granted this had really nothing to do with the lemonade...it gave me a choice. And in my business choice is luxury. Notice it was still the same green, just a different shade of green. I chose, so I felt good. Forgetting the wait and the lack of inventory. I gave her $2.00 for that $1.00 lemonade.

She made $40 in only one hour of work at her stand before she closed. She really is the smart one.