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03/16/11 Read all about it! 10-year-old Meadow makes the Wall Street Journal news!

Such programs as the Network for Teaching Entrepreneurship and Lemonade Day encourage young entrepreneurs to get an early start. Meadow Bob, 10, was so impressed by the cash she and a few friends raised with a Lemonade Day stand two years ago that she came up with a business idea of her own. In search of a product "that will cool us off" during the summer, Meadow, who lives at Boys and Girls Country of Houston, a nonprofit children's home in Hockley, Texas, took $30 from her savings, bought a snow-cone machine and opened a stand selling the frozen treats at $2 a pop to her 83 schoolmates on campus, she says.

She has banked about $250 after expenses during her first two summers of operation and plans to open the stand again this summer. "It is sometimes hard to work," Meadow says. But she likes running her business; "when you get it all laid out, it's very simple. And I always have a little bit of time where I can make my own snow cone."