By Chuck Woodbury
I’ve had a few businesses in my life, but the most profitable was a Kool-Aid stand when I was a kid. Actually, I had many Kool-Aid stands and I believe a lemonade stand on occasion.
It was a great business. The raw materials were free, courtesy of my mother, and no business license was required. Signage was easy to create — some crayons and cardboard, again free, the latter repurposed from a cardboard box. And no rent — just pick a spot along a busy street, unfold a card table and you were ready to go.
My profits — 100 percent of the gross revenue — went into my pocket, with no need to put aside 30 percent for Uncle Sam.
I mowed and watered lawns for neighbors on their summer vacations, too. But I enjoyed the Kool-Aid stand the best.
How about you? Did you have a Kool-Aid or lemonade stand? Or maybe another childhood business? After you respond, please leave a comment.