The art of entrepreneurship is something that nobody was born with, you either learned it subconsciously or you were taught. There is nothing like having it as an inborn trait. Teaching children entrepreneurship is one of the best investments that can be given to a child.
It shapes the mindset of the child from the start, from a subconscious standpoint, and makes them understand value creation and the cost effect. You can’t rule out the fact that conventional education is paramount, however, it doesn’t always stand the test of time. Your job is not transgenerational, but, your business can be transgenerational. Teaching your children entrepreneurship helps in shaping the mind of your kids towards a transgenerational value creation ideology.
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As an entrepreneur, I’m sure you wish, you have started at a young age. More so, many believe that some form of entrepreneurship should be taught to students in schools at the elementary level. As a value-focused entrepreneur, your children can benefit tremendously if you get them involved in your business endeavors. Teaching children entrepreneurship pays a huge dividend later in life because you will instill in them some hands-on skills and experiences that they can’t learn from the pages of any book.
Alright, let’s turn back the hands of time, do you know how much you would have benefited from being exposed to entrepreneurship at a younger age?
1.) It Kills The Entitlement Mentality
The entitlement mentality is one common trait among kids, especially those with successful parents. Teaching children entrepreneurship automatically kills that mindset. It makes them appreciate sweat equity and keeps them in check in terms of the amount of work they need to put into a course.
As kids, they will stop feeling entitled, and start building the muscles of responsibility – where they become responsible for all of their actions. A mindset that never feels entitled.
2.) It Builds Their Problem Solving Skills
Children are naturally curious, and it helps in debugging problems. As an entrepreneur, you know that your forte is basically about solving problems – NON-NEGOTIABLE. No matter how you twist the narrative, teaching children entrepreneurship is always a great idea because it builds the mindset of the child towards providing solutions to the vast problems of life.
3. Creative Thinking
Starting and expanding a business isn’t easy. Problems inevitably arise, and it’s up to you to fix them and keep the firm moving in the right direction. They can be prepared for the real world where they will have to think on their own and come up with solutions to all types of problems.
Instead of hiding challenges and even setbacks from your kids, you should expose them directly to what’s happening. Not only will their unique input help, but you’ll show them what it looks like to think creatively.
4.) Improved People Skills and Networking
At the height of it all, even if a child does not want to run his or her own business in the future, there are plenty of great skills to develop from teaching your children entrepreneurship. Certain kids are outgoing and gregarious, but most young children tend to fall toward the shy end of the spectrum when interacting with adults or people with whom they aren’t familiar.
One of the beauties of teaching children entrepreneurship, especially when working in a small business is that they’re forced to interact with unfamiliar individuals through networking on a daily basis. This will significantly foster a child’s people skills, and increase the child’s interpersonal skills with people as well as networking. Moreover, this will have a solid and ripple effect on the child’s ability to sell.
5.) Put A Price On The Prize
To make people value a prize, make sure there is a price to pay. Teaching children entrepreneurship makes them have a lot of value for money. It teaches them the principles and the work ethics behind money, which is phenomenal for the mindset of the child.
This, in turn, changes their belief system about those myths that the world paints to children, that money grows on trees. Exposing children to business operations early enough, helps them know better than an ideology of money growing on trees. They know that money is directly proportional to your value creation model.
There is hardly a wrong time to do the right thing, especially when teaching children entrepreneurship. It is never too early to adopt useful habits and valuable life lessons. Whichever way you go or tools you use, you can infuse so much knowledge in your children and make them believe in themselves. Also, you will be making a positive impact on society.
If you’re an entrepreneur and have young children, it’s very easy to feel as if you’re involved in a constant war between giving enough time and energy to your business and spending sufficient time with your family. There shouldn’t be so much friction between work and personal life, as your children can benefit tremendously if you get them involved in your business pursuits early enough.
As a grown-up entrepreneur, do you think you would be way beyond your level right now if you were taught the principles of entrepreneurship from a very tender age? We will like to know what you think in the comments.
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