Entrepreneurship For Kids - Naomi's Startup Costs

Naomi learns about startup costs for her lemonade stand. She makes a list of necessary items, calculates costs with her parents' help, and considers additional expenses like marketing. Naomi checks her savings and receives a tip on borrowing money if needed. The video concludes with a preview of budgeting basics.

What should Naomi do to start her lemonade stand?

What does Naomi's mom suggest regarding the startup costs?

What additional costs does Naomi consider for her lemonade stand?

How much money does Naomi need to start her business?

What advice is given to Naomi if she is falling short on money?