ALBUQUERQUE, N.M. (KRQE) – A national initiative is dedicated to teach youth entrepreneurial skills.

Lemonade Day is a program that helps students learn how to start, own and operate their own business.

More than 500 students will set up lemonade stands at various sites in Albuquerque, including Balloon Fiesta Park and Nusenda Credit Union locations, as well as many others spots around town.

Rio Grande Educational Collaborative CEO, Peter Sanchez, Shana Runck with Nusenda Credit Union, and a student in the program, Beliza Sanchez, joined KRQE’s This Morning show to discuss the program. Watch above.

For the past several weeks, participating students have studied a mentor guide and entrepreneurial workbook to assist them in jump starting their lemonade business. The workbooks outline how to set business goals, create a budget, find an investor, choose a site location, create an advertising plan, build a lemonade stand, learn banking skills and analyze the business results through 14 lessons.

The students will put their knowledge to use on May 7, and will compete among their peers to earn money for their own businesses.

For more information, visit the website.