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Age 6-11 Category Winner: Jack Bonneau, Jack’s Marketplaces and Stands
Jack Bonneau (10) reinvented the lemonade stand as Founder and CEO of Jack’s Marketplaces and Stands. Jack was just eight years old when his Dad suggested opening a lemonade stand to pay for the Lego Death Star Jack begged for. Figuring it would take too long just selling lemonade on his street, Jack opened up his first stand at the local farmer’s market and ended the summer with a $900 profit.
With a plan to expand the business to more famers markets the next year, Jack realized he would need help. “Franchising” to other aspiring entrepreneurs was the perfect solution. “I wanted to offer this great experience to other kids so they could learn about entrepreneurship, business, financial literacy, while having fun and making some money.” Jack provided the set-up, complete with insurance and fees, and trained a succession of young “owners” to run the stands and share in the day’s profits.
The newest twist for Jack’s lemonade stands is the addition of a “Marketplace”– space for other young business owners to sell their products at each stand. As his business continues to grow, Jack has plans to advance youth entrepreneurship clear across the country.