When life gives you lemons

As the saying goes: “When life gives you lemons – make lemonade!”

Business Simulator

Business Simulator

I was always fascinated with the iconic lemonade stand put by a lot of American kids in summer. In fact most successful business men have said that they learned their first business lessons by running a lemonade stand as kids.

This got me thinking. If there was a way for people to set up and run a lemonade stand without physically setting one up, it would serve as a great educational/training tool for budding entrepreneurs.

Enter Lemonade Tycoon ™ from Electronic Arts (the game company). It is a business and economics lesson masquerading as an addictive turn based strategy game.

Lemonade Tycoon

Lemonade Tycoon

One can tweak the recipe, buy enough supplies, decide whether to spend on advertising, location, staff, upgrades and so on.

Lemonade Tycoon Dashboard

Lemonade Tycoon Dashboard

The goal is to build a Lemonade Empire from your neighborhood juice stand. This is currently available for free in iPhone App store. This game is by no means new, it is an adaption of a PC classic, in fact it was on Apple II.

Receipe

Receipe

 

Locations

Locations

This is like running a business. Once you have made all your decisions for the day, you get to see your stand/business in real time. The day starts with a weather forecast and you can also stock up on your supplies. Each customer that comes to your stand has a ‘Thought Bubble’ which you can click to see instant feedback on how the customer felt about your lemonade. At the end of the day we can get the results with P/L statements, Balance Sheet and other metrics.
Results

Results

 

Thought Bubble

Thought Bubble

Make no mistake: Lemonade Tycoon is no cake walk. It really does challenge your business skills, as variables like the weather, recipe, purchase decisions and customer disposition always affect the outcome, just like real business.
Once you are good at this game and want to put up a REAL lemonade stand, here is how (for kids):
Posted in Finance, Self Development Tagged with: , ,
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