Asset

For a simple lemonade stand, you have a portable cart or stand of some sort, a few lemons, a knife probably to cut the lemons, a lemon press to squeeze’em to get out the maximum juice, a jar to keep extra that you make beforehand on a busy day, sugar to add sweetness, some water and another jar to keep water, some cups (disposable/non-disposable) to serve the lemonade in, a place to keep your earnings and a diary and a pen to record your sales.

An asset is anything that you can sell for money, either right now or in the future. In that sense, ideas which don’t belong in their generation are assets. Or anything that can potentially make you money.

Now lets analuyze each of the things above:

  1. Portable cart:
  2. lemons:
  3. A knife:
  4. Lemon press
  5. Jars:
  6. Sugar
  7. water
  8. Cups
  9. Wallet
  10. Diary
  11. Pen