Ivanka Trump and her brother made the hired help bail out their failed lemonade stand as kids
There’s surely a metaphor in Ivanka Trump’s story about how she and her brother got bailed out of their failing lemonade venture by the family’s hired help.
Donald Trump’s daughter recalled the childhood tale during a recent interview with Business Insider, saying the experience taught her important lessons in entrepreneurship.
“I had a whole lot of lemonade stands growing up, which were helpful in learning about business on the most fundamental level,” she said.
Trump recalled in her 2009 book, “The Trump Card,” that her mother would not allow her and her brother to set up their lemonade stand outside their father’s high-rise apartment tower at Fifth Avenue and 57th Street, reported Business Insider’s Rachel Gillett.
“And to do so in the lobby of Trump Tower would have been just a little too precious, don’t you think?” she wrote.
So Ivanka Trump and her brother, Donald Jr., set up a lemonade stand outside their house in Greenwich, Connecticut, and agreed to keep track of the lemonade cost and repay their parents from their proceeds.
“The only trouble with this arrangement was our location — not a typical Trump problem,” she wrote. “We were at the end of a cul-de-sac in an affluent community of spacious homes on sprawling properties. In every other respect, this was a prime spot, but it was a dead zone for aspiring lemonade magnates.”
So the kids copied their father and conned working-class people — specifically, the family’s employees — into covering their poor business failures.
The pair persuaded their bodyguard, their parents’ driver and household staffers to buy enough lemonade to cover their costs.
“We made the best of a bad situation, I guess — a lesson we’d utilize again and again as we moved on in business,” Ivanka wrote.