Landry Spencer and Graves Bayard, both 9, carried large yellow lemon-shaped signs around Wampold Park’s parking lot Saturday, drumming up business for their lemonade stand at the end of the LSU Lakes’ walking and running path.
“He’s my employee,” Landry said, nodding toward Graves.
Graves and Landry negotiated a 25 percent take of the net profits as payment, Landry’s father, Ryan, said.
The stand was among several posted around Baton Rouge as part of an entrepreneurship exercise for youth called Lemonade Day.
Ryan Spencer said Landry started the business as part of Raising Cane’s Young Entrepreneur’s Program.
Lemonade Day was brought to Louisiana in 2010 by entrepreneurs John Georges, CEO of Georges Enterprises and owner of The Advocate; and Todd Graves, founder of Raising Cane’s Chicken Fingers. Both men received their first taste of business by operating their own lemonade stand as kids.
The foremost objective of Lemonade Day is to empower youth to take ownership of their lives and become productive members of society — the business leaders, social advocates, volunteers and forward thinking citizens of tomorrow, the program’s website says.
Each child registered for the program received a backpack with an workbook that teaches the 15 lessons of Lemonade Day, including creating budgets, setting profit-making goals, serving customers, repaying investors and giving back to the community.
Along the way, children acquire skills in goal-setting, problem solving and gain self-esteem critical for future success. They keep all the money they make and are encouraged to spend some, save some and share some.
Business got a lot better as the day got hotter, though the threat of rain may have kept some people away, the Spencers said.
“He’s done pretty well,” Ryan Spencer said, adding that the program has helped Landry focus on personal and financial goals and learn the importance of working hard.