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Lemonade Day Teaches Kids About Business, Money

iStockphoto/Thinkstock(NEW YORK) -- This Sunday marks national Lemonade Day.  The May 5 event gives children their first step in running a business, starting with a lemonade stand.

"It teaches youth how to start, own and operate their very own lemonade stand," Michael Holthouse, the founder of Lemonade Day, tells ABC News Radio.

He says teaching kids about money and business can make a difference to their lives.

"All of us have aptitude at business but only some of us get exposed to it early in our lives," Holthouse points out.

He adds, "It can quite literally change the trajectory of their life."

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