Jimmy’s Lemonade

continued from the Business section of the Blueprint
     Jimmy shows up on Monday right on time and makes the payment of $15.  Mr. Gilbert ask him how’s business?  I had a great first day on Saturday and sold 68 cups.  On Sunday, it was tougher and I only sold 42 cups and made $110.  Did you make a profit yet Jimmy?  Jimmy asked him how did he know?  My upfront cost $55 and I paid my borrowing cost of $15.  I made $45, but I must pay for materials next week.  Mr. Gilbert is impressed.  Jimmy, you have done a wonderful job for your first time out.  It will get easier next week.  See you next Monday.
     Jimmy shows up next Monday and makes the payment of $15.  Mr. Gilbert ask how’s business?  I sold only 90 cups this weekend but I didn’t have upfront cost and paying my borrowing cost leaves me with $85 this week.  I made more with less.  Is it easier?  Jimmy says a little because I’m learning what customers want and I will try new things.  Plus, some people are coming because someone told them about my lemonade stand.  Mr. Gilbert tells him, you are making progress.  See you next Monday.
     Jimmy shows up next Monday and makes the payment for the whole $30.  Mr. Gilbert gives him back his collateral and $5 because he makes final payment early.  Mr. Gilbert ask how’s business?  I sold out both days and made $140.  I have a total of $175 in profit after my payment of $25 to you and I feel I can make $100 a week in profits, not just revenue, because next week I will sell cookies with my lemonade.  Jimmy, you are an exceptional businessman, but don’t overdo it because you will get burnt out.   No sir, I plan on having $3,000 by Christmas because I will start selling candy after school to kids walking home.  I want to open an online candy store beginning next year if you can show me how to do it.  Jimmy, I’m so proud of you as a junior businessman.  I want you to join my Wednesday night business session.  You will be the youngest member to ever join, but you are already a novice businessman.  When the New Year rolls around you will be ready to open your online business.  Jimmy is inspired by Mr. Gilbert’s confidence in his ability and plans to work closely with Mr. Gilbert’s group.