DSC07447The kids spent their second day at Camp MEOW at the L family’s house, which is clearly a creative mecca. I walked in after teaching and a subsequent appointment to find their dining room table covered in drawings, logos, sales materials, coins and worksheets.

The kids have made the decision to have a “pop up” business : a lemonade stand. We’ll be opening for one morning, and one morning only, but details on all that to come.

Today, Mr. and Mrs. L walked the kids through the decision on how to price their product. They opted for 50 cents per cup, although many different price points were in the mix.DSC07460

The kids got to play with some actual money, in advance of their sale. Mr. L walked them through what each coin was, how much money it represented, and started talking to them about making change.

The crew also created a logo for Camp MEOW and the stand itself. Each child got to draft his or her own vision, and then the group discussed what they liked. Mr. L, a graphic design whiz, is putting the final touches on that tonight and I look forward to unveiling the official logo tomorrow.

I have to confess, the impetus for Camp MEOW was borne out of a weariness that Mrs. L and I have over shelling out the big bucks for camps all over the city. Well, that and the fact that my little W and her little O are ALWAYS scheming about their next big business venture. But, I didn’t have huge high hopes that this would be much more than just fun for them.

I could not have been more wrong.

The kids have learned a TON.

Here’s a smattering:

  • We’ve had an excellent conversation about where startup money comes from for businesses.
  • The kids got to use a spreadsheet, prompting moments of recognition, “Hey, Daddy uses these!”
  • We’ve discussed expenses, gross income, and profit.
  • We’ve talked about investors and what they bring to a business which led to a conversation about ownership and how intellectual capital and work can translate into ownership opportunity.
  • The kids have thought through what kind of customer we’ll be targeting and how to best reach them. (Witness the signs written in Spanish and French, in case we have some multilingual passersby.)

DSC07473But, the best moment came in the car ride home today. W said to me, “Mommy, starting up a lemonade stand is a lot more work than I thought it would be.”

I told him I suspected that most people who started up a business from scratch probably felt the same way.

So we called Daddy, who has started a business from scratch himself, and asked him if starting his business was more work than he expected.DSC07450

“The saying is,” he explained, “starting up a business takes twice the time and twice the money you think it will.”

So while all of the tangible lessons are fantastic, a newfound empathy for the hard work that Daddy puts in? Well, that is most definitely the cat’s meow.

P.S. I love this painting in the L’s house. Right on.

DSC07466

 

One Response to “Camp MEOW : Scenes from Day 2”

  1. on 11 Jun 2014 at 12:07 pmSarah Morford

    I love this idea! I am sharing this with our Education director as a Camp idea for our Summer camps. I love that you’re doing this with your kids and teaching them all of this cool stuff. This is awesome. I wish my mom had done this with me!

Trackback URI | Comments RSS

Leave a Reply