Interview with Michael Holthouse - Founder of Paranet, Inc. & Lemonade Day.
Entrepreneur Meister is a column that focuses on the lives and ventures of entrepreneurs. We take a close look at the entrepreneurs behind the vision, strategy, passion and action in ventures across all sectors.
I was driving down my neighborhood street recently and saw kids pitching me to stop and have some lemonade at their highly decorated lemonade stand. With a heat index of 110 here in Texas, I was thrilled to buy a lemonade.
Countless business books mention lemonade stands as a tool to teach children about business. Ironically in America, the greatest entrepreneurial economy in the world, the educational system doesn’t take the time to teach children about entrepreneurship until college. Schools in America focus on the three R’s: reading, (w)riting and (a)rithmetic but in today’s world, that’s not nearly enough.
You can use lessons in entrepreneurship your entire life. Can you say the same for physics? Unless you’re going to be an engineer, I seriously doubt it. I can say confidently I’ve seldom used Isaac Newton’s third law of motion f=ma formula from physics, but I have used e=48X7X52.
Michael Holthouse is one entrepreneur who’s made it big and is now giving back to the world by promoting entrepreneurship. He founded Lemonade Day, a community-wide program which teaches youth how to start a business using a Lemonade Stand, held the first Sunday of May in major cities across the U.S. The first Lemonade Day (2007) helped over 27,000 children start their very first business, and last year in Austin alone, helped 100,000 children. Next year’s event already promises to be much larger. continued