The How’s of Raising Smart and Business-Minded Kids
Parents have a huge role in the formation of their children’s future. A child’s success is largely dependent on how supportive and nurturing their parents are with their dreams and ambitions. While kids need to work hard to achieve them, the motivation and support that come from parents are vital in turning their dreams into reality. Everything starts at home.
If parents take a look at how society works, entrepreneurs play a large part in how a community functions. Their innovations, ideas, and the livelihood they provide for others all contribute to a healthy community.
One way of raising more entrepreneurs is to show kids the importance of being enterprising.
9 Ways to Help Children Become More Enterprising
Here are some ways that parents can encourage their kids to be more enterprising:
Take advantage of their playtime
Playtime can be quite educational if you just know how to go about it. One of the activities you can do with kids is to pretend-play as business owners and innovators. You can also have older kids play with some board games like Monopoly which promote entrepreneurship.
Help them to become problem solvers.
Critical and creative thinking are advantages that entrepreneurs have over other people. It allows them to think out-of-the-box when coming up with solutions to meet people’s needs. Let them be involved in some basic problem-solving opportunities around the house like figure out how to fix squeaky floorboards or where to place an indoor plant in the living room.
Start small and simple and eventually, they will get the hang of it and move on to bigger and more complicated concerns.
Show them the importance of compassion.
Perhaps the greatest motivation entrepreneurs have is compassion. It is what drives them to come up with different ways to make life better for other people. While the money is good, the fulfillment and satisfaction in knowing you’ve made a difference in people’s lives are priceless.
Introduce them to micro-businesses.
No business is too small for any entrepreneur. As long as it is a cause worth pursuing, it is worth doing. You can teach kids the value of a small business by having them start their own home-based business. They can probably set up some high-quality yard signs and have a yard sale on weekends or set up a lemonade stand during hot summer afternoons. No matter how insignificant they may seem, it will help open their eyes and minds to different ways of meeting the community’s needs and earning their own money.
Teach them the value of money.
Now that you’ve introduced them to the concept of micro-businesses, the next thing to teach them is the value of money. To prevent kids from growing up entitled and just waiting for dad and mom to give them money, teach them how trade and commerce works. Show them the realities of earning a dollar and how poor money management wastes all the effort exerted in making money. This will give them a greater sense of responsibility not just with spending but with earning, too.
Show them how teamwork works.
No entrepreneur achieves success apart from a team. There is no such thing as a self-made person. We all need the help of other people, directly or indirectly, to accomplish things. At an early age, kids should know the value of teamwork and how to work with others towards a common goal.
Allow them to make mistakes.
Parents want to shield their children from mistakes and errors because they want to protect them from the pain and consequences. However, as the saying goes, experience is the best teacher. Give them room to make mistakes so they know what to avoid the next time. Learning from failures is an important aspect of entrepreneurship. This empowers them to take risks that others would not.
Bring them to work.
Sometimes exposure is the best teacher. So on the next “Bring Your Kids to Work” Day, don’t hesitate to bring them to your workplace so they can see what it is like and how businesses operate. Have them write down their observations and talk it over with them when you get home.
Walk your talk.
No matter how good or effective the above-mentioned tips are, all of them will be pointless if parents don’t model them in their lives. Children are more likely to follow what parents do, not what they say. If you want your kids to grow up to be enterprising individuals, you need to model that kind of mindset and behavior as well.
Understandably, not all children will grow up to be entrepreneurs. However, even if kids aren’t inclined to it, they can still learn a lot from the things we listed above. A lot of these will help navigate life and its challenges.