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four pillars for the schooling of entrepreneurial youngsters

July
18, 2020

Read 6 min

The opinions expressed by the entrepreneur's contributors are their own.

There are children who are ready to face the world. They have the attitude, the skills and can identify the right opportunities for them. They are enthusiastic about life, they are prepared and know that they will deal with everything that brings them life.

Successful children are more exposed than ever to ideas normally associated with entrepreneurship. To be a successful entrepreneur, creativity, empathy, communication skills, problem-solving skills, practical math and a knack for knowing something at the right moment and having the confidence to act are required.

Raising a child with entrepreneurship awareness and skills can change their lives for the better, even if they don't start or scale a business. At least the same skills will lead them to the right opportunities for them.

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To be successful in the coming decades will be much more difficult than for previous generations. People change jobs every few years, the industry is constantly changing and constant disruptions are quickly becoming the new normal.

In your child's career, they will work with people from all over the world, have incredibly complex problems, be driven out, be isolated from their friendship groups in the neighborhood at times and have to find their way in this rapidly changing landscape with their whites. Entrepreneurial skills such as setting up, panning and accessing resources that are beyond your control are essential for everyone's working life.

Your child doesn't necessarily have to run a business, employ people, and present pitch decks to investors to acquire these skills. Being a child is stressful enough. It can be easy to present entrepreneurial ideas to your child or young person. Describe things like working as something fun and creative, letting kids buy groceries online, spending pocket money for results instead of doing homework, and getting teenagers to use PowerPoint slides to promote the pet you want to buy . Simple ideas that are fun, entrepreneurial and valuable.

After collecting stories from over 200 parents, we found four cornerstones for raising entrepreneurial children.

1. Develop an entrepreneurial mindset

It can start early to convey beliefs and values ‚Äč‚Äčthat are geared towards entrepreneurship. Beliefs like "making mistakes is part of success" or "there is a lot of money for the right opportunity" are worthwhile beliefs. An entrepreneurial mindset gives them an awareness of opportunities to create something valuable, disrupt a situation positively, work towards a result, or make money with other conditions. Instead of considering the world of work as something that has to be endured and tolerated, give them the understanding that work can be fun, creative, and rewarding.

Related topics: How to promote creative thinking in children

2. Introduce entrepreneurial skills

If you give them the opportunity to develop skills such as sales, pitching, marketing, product development, accounting, customer service, business, negotiation and leadership, their lives will change regardless of what they ultimately do for work. Rather than focusing only on the academic skills required to get good grades, entrepreneurial children's education is about developing the soft skills that are often associated with dynamic careers.

3. Give them real opportunities

We learn from it. We also learn by experimenting, tinkering and making mistakes. Do not protect your children from the outside world, but protect them when interacting with real business scenarios that teach important lessons. Let them talk to your neighbors about mowing the lawn, encourage them to sell items on the Facebook marketplace, or talk to a marketing agency about their product idea.

4. Mentor them (instead of teaching)

Entrepreneurs in every business phase can benefit from the guidance of a trainer or mentor. Coaching is based on the premise that the answer is there when you search and become resourceful. A coach or mentor leads children to more imaginative ideas and behaviors without necessarily giving them the answers. You can also encourage your children to meet and learn about entrepreneurs who create jobs instead of working, who invented things, did business, or ran a successful business. If you introduce entrepreneurial role models in the real world to your children, this can leave a lasting impression: "If it is possible for them, it will be possible for me."

Children aged 4 years and over react to ideas such as delayed satisfaction, help for others, rewards and money for things. When you're a teenager, you will see the spark of creative inflammation when you challenge them to make money selling items online, offer a car cleaning service in the neighborhood, or help a small business set up social media Accounts to help.

Ultimately, raising an entrepreneurial child is not about pushing your child to the next Steve Jobs or Anita Roddick – it doesn't matter if she doesn't start a business in her life at all. Most importantly, your child feels a sense of control in this strange world at this strange time in human history. They feel they have the power to set good goals that are right for them, to pursue those goals, and to spin when they want to. These ideas and skills will serve you no matter what you do.

Entrepreneurship is not about balance sheets and profit targets, but about serving others in a scalable and sustainable way. It is about finding solutions to complex problems and involving others in your vision. The closer humanity gets to the edge of the possible and the wise, the more than ever will we need people who are ready to lead in a world with difficult decisions.

The entrepreneurial skills you develop with your child today could be the key to a great career, starting a groundbreaking business, or solving a major problem on a large scale.

Note: Look for the book "How to Raise Entrepreneurial Children", which will be published in late 2020.

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