Lemonade Day is an annual event that encourages children to learn about entrepreneurship by setting up their own lemonade stands. Participants receive a free entrepreneurial kit that includes lessons on business planning, budgeting, and marketing. The goal is to teach kids valuable life skills while having fun. On Lemonade Day, children sell lemonade in their communities, often donating a portion of their profits to local charities. This hands-on experience helps them understand the basics of running a business and the importance of giving back. The event promotes creativity, responsibility, and financial literacy among young participants.