Jack Bonneau is a 12 year old kid making a name for himself in my home state, Colorado. At just 12 years old, he appeared on the hit TV show “Shark Tank” to pitch his lemonade stand idea.
Lemonade Stands are as old as time. During the summer you seem to see hundreds of these lined up, ran by young kids trying to make a few easy bucks. But Jack looked at it differently. Instead of looking at it from a money perspective he sought to teach others about entrepreneurship and business strategies. His business is a more professional lemonade stand than the rickety wooden ones with warm lemonade and 25 cent cups. It is a genuine, actual lemonade stand that works effectively and makes a profit at the same time.
His business got 50,000$ for 2% equity at just 12 years old from the sharks, and his idea took off. His business grew to employ thousands and he sought to teach them about running entrepreneurial businesses in marketplaces.
What is incredible is that this kid is only 12 years old and teaching others about entrepreneurship. This just goes to show that not only can entrepreneurship happen anytime at anywhere, but also that entrepreneurship is a group activity. Business doesn’t have to happen alone and it certainly doesn’t have to be boring. Something as simple as a lemonade stand grew into a huge business and has been taking off ever since. His ideas have been able to inspire others and show that entrepreneurship is for anybody,
I love how Jack decided to take an age-old idea that’s pretty simple at its core and turn it into an innovative, thriving business idea. Pitching his idea on Shark Tank was an amazing way to expand his business and gain great mentors who have the know-how and tools to help Jack expand his Jack Stands to their full potential.
Such an amazing story about Jack! First of all, the fact that he went on Shark Tank and proposed this idea is amazing in and of itself. He had the confidence in his product to propose it to some of the best entrepreneurs in the world. It is so crazy how such a famous and historic way to make money (lemonade stands) could turn into a fantastic business idea. It just goes to show that new ideas are always on the horizon. No idea is a bad idea, you just need to connect a few different things to make it work. Great story!
This story hit me purely because of the drive and knowledge of Jack. His being so young having the confidence to go on shark tank and develop his idea is pretty amazing. It’s inspiring to see this happen as it serves as a reminder that anyone can be an entrepreneur if they have the drive and passion for the product and business.