Galveston Lemonade Day – Interviews With The Partcipants

Dallas Collins, 13, 8th grade Mainland Preparatory Academy

Dallas Collins

Why are you participating in Galveston Lemonade Day?
I want to learn to be an Entrepreneur & make money.

Have you ever had a lemonade stand?
No

Will you be self-employed or will you have a business partner? Please explain why?
Business Partner because it’s easier to run a business with more than one person. Both of us will have equal responsibilities for running the business.

Have you thought about where you will sell your lemonade? Why that location?
No. Still thinking about it.

How will you let people know about your stand?
I will make flyers & tell people about it.

What will make your lemonade and your stand special?
The GREAT taste of the lemonade.

How much money do you expect to make?
I think I will make between $100 & $200.

How much do you expect to save?
I will save half of what I earn.

Will you donate some of your money to a special charity? If so, have you decided who that will be?
Yes, but I have not decided yet.

What, if any, are obstacles that could get in the way of your goal?
Other lemonade stands might affect sales.

What is the first thing you will purchase with some of your money? Why is it important to you?
I want to buy a new cell phone. Because it will be better than my current phone.

Dallas wants to attend Spelman College in Atlanta, GA to become a child psychologist.

Interview With An Entrepreneur

Mr. Mitchell

Why did you get involved with LD?
The staff of Mitchell Historic Properties, and the George Mitchell family in particular, believe in the unlimited potential of every child and take every opportunity to encourage children to use their creativity and energy to achieve their goals.

What do you hope the kids will get out of LD?
I hope that the children who participate in this program will be pleasantly surprised by their ability to grasp the basic concepts of entrepreneurship. I hope that they will all meet or surpass their goals and realize that they can pursue other similar projects with learned skills and new confidence.

What can we do to encourage other businesses to get involved with LD?
It is important that all businesses in Galveston get involved and lend their support to this type of program. It is, after all, an investment in the success of future generations of Galvestonians.

How do you think LD will make an impact in our schools?
It would be exciting to see many children with different approaches to their business venture come together as a “business community” for a day and test their marketing strategies against those of other students. It should be an incredible learning experience and one that should be discussed in the classrooms following the event to evaluate the successes and shortcomings experienced on Lemonade Day.

Renee Adame answers questions on Mr. Mitchell

George Mitchell is the “ultimate entrepreneur” – what tips can you offer to encourage children and adults alike to take that leap into creating their own business?
Mr. Mitchell is indeed a wonderful example of the “ultimate entrepreneur”. I think of him as a person of vision who has confidence in the goals he sets and follows through on the goals to achieve success. His first business venture as a college student involved making and selling bookcases to fellow students. I think Mr. Mitchell would encourage all of Galveston’s children to learn the basic principles of creating your own business, make a plan for a business that excites you and is needed in your community, and stick to your goal until you successfully launch your business. A lemonade stand with a well thought out marketing strategy is an excellent way to scratch the surface.

What do you think the education committee can do to make a better impact into our schools?
The main thing that the education committee and all of us can do to make a better impact into our schools is to keep the focus on the needs of the students— be their champions. We should also, as a community, make fair assessments of the effectiveness of the schools in our city. Until I started working with GISD on programs supported by the Mitchell family, I was not aware of some of the outstanding programs that are part of the GISD system. We too often hear the negative things about the school district and this is unfortunate because children want to feel that they are part of a winning team— not a broken and highly criticized one. While there is definitely room for improvement, it is important to appropriately recognize the many success stories of the children attending all of Galveston’s schools.

Mr. Mitchell as a young boy after a fishing outing.

Interviews With ‘Main Squeeze’ Sponsors

Hometown Bank

Hometown Bank

Why did you get involved with LD?
HomeTown Bank is excited Lemonade Day is coming to Galveston and that our community can experience what an incredible program it is. This is a great opportunity for us to come together with the local schools and businesses to reach out and teach our students about the importance of financial literacy.

What do you hope kids will get out of LD?
We hope that students embrace this opportunity and not only have fun but learn the fundamentals of making effective decisions with their finances.

What can we do to encourage other businesses to get involved?
Local businesses can participate by sponsoring a lemonade stand or volunteering as a mentor. Most importantly, they can encourage their employees to stop by the stands, purchase some lemonade and ask the students how they plan to “save a little, spend a little, share a little.”

How do you think LD will make an impact in schools?
Lemonade Day provides students with a “real world” look at running their own business. We hope that feeling of success and accomplishment will spark a new excitement for learning.

Tips to encourage children and adults to leap into create their own business?
To dream and dream big. If you want to start your own business, have a plan and find a mentor to help guide you.

What do you think the education committee can do to make a better impact in our schools?
Lemonade Day is another great example of how the Education Committee brings the community together with programs that truly encourage our students to be successful. We can encourage local entrepreneurs to visit the schools and share their story with the children.

Moody National Bank

Moody National Bank

Why did you get involved with LD?
LD is an excellent avenue for assisting our youth and educational communities.

What do you hope the kids will get out of LD?
The opportunity to explore the entrepreneurial experience and understand the risks and rewards of business.

What can we do to encourage other businesses to get involved with LD?
Getting the positive message of LD to be better known among local businesses.

How do you think LD will make an impact in our schools?
Having our youth focused on a positive and productive program.

What tips can you offer to encourage children and adults alike to take that leap into creating their own business?
I would encourage our youth to recruit investors and ask our adults to consider becoming investors.

What do you think the education committee can do to make a better impact into our schools?
Continue to reinforce the need for an educated workforce for our businesses.

Do you have someone in your organization that you would like to highlight as an entrepreneur? If so, give us their name, photo and their story.
All of our 267 bankers have the entrepreneurial spirit.
Moody National Bank’s contact person for LD is Rick Price, Executive Vice President and Galveston Island Lending Manager.

Joseph Collins, 11, 6th grade Mainland Preparatory Academy

Joseph Collins

Why are you participating in Galveston Lemonade Day?
To learn how to start a business. Also, to learn to make and manage money.

Have you ever had a lemonade stand?
No.

Will you be self-employed or will you have a business partner? Please explain why?
Business Partner because I want to team up with my Sister Dallas.

Have you thought about where you will sell your lemonade? Why that location?
Still thinking about it.

How will you let people know about your stand?
Pass out flyers and tell family and friends about it.

What will make your lemonade and your stand special?
That it was made with my own hands

How much money do you expect to make?
Between $10 and $20.

How much do you expect to save?
Sixty percent of the money.

Will you donate some of your money to a special charity? If so, have you decided who that will be?
Yes, to my church or school.

What, if any, are obstacles that could get in the way of your goal?
The weather.

What is the first thing you will purchase with some of your money? Why is it important to you?
A book that belongs to a series I’m reading. Because I love reading.

Joseph wants to attend Howard University in Washington, D.C. to become a chef or teacher

Falon Nicole Dunn, 6, KIPP Coastal Village School

Falon Nicole Dunn

Why are you participating in Galveston Lemonade Day?
My first reason is that my aunt Gina is producing it. I think it would be really fun and I want to know if people really like lemonade or not.

Have you ever had a lemonade stand?
No. This will be my first time.

Will you be self-employed or will you have a business partner? Please explain why?
I wanted to have my friend help me until I found out I had to share the money. I think I’ll do it all by myself now.

Have you thought about where you will sell your lemonade? Why that location?
La King’s on The Strand. I will get more people’s attention there. After they eat ice cream, they are going to need something to drink.

How will you let people know about your stand?
I will send out flyers to KIPP School, the Chamber, HEB, Wal-Mart, and Target.

What will make your lemonade and your stand special?
My lemonade ice. It will have a little water, sugar, a squeeze of lemon, and a squeeze of strawberry. That way when your ice melts it won’t be all watered down.

How much money do you expect to make? $65. How much do you expect to save?
$50

Will you donate some of your money to a special charity? If so, have you decided who that will be?
Yes. I will donate $6 to the hospital.

What, if any, are obstacles that could get in the way of your goal?
If I get on the “trunk” at school which is a not so good day at school, my dad will not take me to sell lemonade. The other thing is competition. If someone sets a stand up at the school to get more customers that will be a problem for me, but the Strand is packed so that shouldn’t be a problem.

What is the first thing you will purchase with some of your money? Why is it important to you?
I will buy my teacher a headband because she is a fan of headbands. She wears them every day. The second thing I would buy would be a board game so my family and I can play together. The last thing would be two pair of pants because I have outgrown my pants.

She plans to go to the University of Arkansas. When I grow up, I want to become a teacher on Monday, Tuesday and Friday, and a Dance teacher on Saturday and Sunday.

Trent Raschke, 10, Trinity School

Trent Raschke

Why are you participating in Galveston Lemonade Day?
My Dad is involved in the chamber and told me about it.

Have you ever had a lemonade stand?
Yes.

Will you be self-employed or will you have a business partner? Please explain why?
I think I will have a partner. It will be more fun to work with a friend.

Have you thought about where you will sell your lemonade? Why that location?
Yes, there will be a lot of people passing by.

How will you let people know about your stand?
Signs

What will make your lemonade and your stand special?
I am going to try to make a special recipe and have a cool stand.

How much money do you expect to make?
A couple of hundred dollars.

How much do you expect to save?
Half

Will you donate some of your money to a special charity? If so, have you decided who that will be?
Yes, I will donate some money but I’m not sure who I will give it to.

What, if any, are obstacles that could get in the way of your goal?
It might be a rainy day and not many people riding around.

What is the first thing you will purchase with some of your money? Why is it important to you?
I don’t know. Maybe a new sport game for my Xbox.

Where do you want to attend college?
University of Texas, Austin.

What is your dream job?
To play in the Major Leagues.

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