Starting a Business

Kid's lemonade stand is a classic business.
The perfect business. Photo credit “The Citrus Report.”

Anyone can start a retail business.  Two words . . . Lemonade Stand!  Am I right?  All retail business is pretty simple, it’s exactly like your childhood project, just scaled up.  Open up for business with a popular product, in a location with some traffic and charge a fair price, badda-bing-badda-boom.  Let’s analyse a bit, let’s see, rent – zero, wages – zero, input costs – zero, advertising costs – zero, taxes – zero, profit margin – woohoo!!!

Wayne Huizenga made several fortunes consolidating businesses.  He first did it in garbage building Waste Management inc., he then did it in video rental building Blockbuster and then did it with Auto Nation.  Let’s take Huizenga’s template and consolidate the lemonade stand business . . . then we’ll do an IPO and be rich.