In this article you’re going to learn how to identify young successful entrepreneurs and 6 easy steps to help your child become one. Plus I will give you one pretty straightforward example from my childhood, I recently discovered, that was a clear entrepreneurship sign.
First of all though, why should a parent be interested to raise young successful entrepreneurs and what is this entrepreneurship all about? To further help you out I’ve included several articles below, including:
- Necessary Characteristics of Entrepreneur – Do You Have Them?
- Entrepreneurship VS Find a Safe Secure Job: Which is Really Better Now Days?
- 4 Different Definitions to Answer “What Does Entrepreneur Mean”
…and several more sources throughout this article that can be useful for your research.
How You Can Identify Young Successful Entrepreneurs Since Their Early Years
Welcome to the hard part, well not so hard, however it will require from you – the parent to think outside of the box in order to help your child discover possible entrepreneurship traits since a young age.
Why is this needed?
Because if you discover possible entrepreneurial traits that your child has, then there is a clear path way to follow in order to edify those traits, cultivate your child’s character and boost his entrepreneurial spirit. Here you can find an infographic that will show you 5 ways to teach your children to become young entrepreneurs by kidpreneurs.org
To identify these traits though, you as a parent, you are required to introduce your child to as many new activities as possible. That’s because we — humans, we never know what we really love to do daily until we are introduced to it, usually by someone else and the same applies for young successful entrepreneurs.
When you introduce your child to many activities, you increase the incentives a child has, making it think in a broader way and definitely out of the box. As we are all aware, no one can stop a child’s imagination and that’s one of the top characteristic of a successful entrepreneur. His out of the box thinking.
So be prepared to take your child to as many different sports, competitions, events, concerts and business environments as humanly possible. And take notice of its reactions, what does it like more, what is this one thing that really sticks to its mind, that your child could do all day long and be amazingly happy.
OK GREAT! You’ve got it! Now its time to learn…
How To Edify – Boost & Cultivate The Traits Of Young Successful Entrepreneurs
Now we are at the most important part, because identifying is one thing but really helping our children to become young successful entrepreneurs is a totally different case. First of all we will need to change ourselves…you cannot possible expect to help boost & edify your child’s entrepreneurial traits by thinking inside a box, right?
So the most important part here is for you to start looking ways, guides and new ideas to teach your child to become an entrepreneur (guide by Duane Spires on Inc.com)
6 Easy Steps To Help Your Child Become A Successful Kid-Preneur
- Foster Curiosity
- Inspire Creativity
- Boost Financial Literacy
- Give Business Opportunities
- Embrace Failure
- Make It Fun
Kids must learn how to recognize opportunities since a young age. Helping them to identify and recognize business opportunities will make their mind thinking in a way of solving problems to earn an income instead of trading its time like an employee. Young successful entrepreneurs have amazingly curious souls and this can be a little tiring for the parent, but don’t forget your main goal which included your child’s future.
Edifying creativity will inevitably build marketing skills which are really crucial when it comes to business. Selling is involved in every part of life and business owners that do not posses marketing skills eventually fail. What’s better than indulging your child into marketing since a young age. As an added value remember that effective communication improves all relationships. Here is a guide about how to encourage your kids to become entrepreneurs by Maggie Lord on Entrepreneur.com
A child needs to be able to understand since a young age how basic financial systems operate and be independent. Opening a bank account for your young entrepreneur will create more confidence in his skills & knowledge and at the same time educate him about money and what means to have money or not.
For your child to become a successful kid-preneur you will need to teach him how to model business behavior. Even better if you own a business, hire your child and give him some responsibilities rewarding him according the usual business operation. If you don’t own, you can as well hire your child to do some home operations in exchange of specific money, like moaning the lawn, bringing the groceries and other similar stuff.
Your child needs to learn that there is NO failure in life. Only lessons and opportunities that arise from an incorrect approach. That will teach him to see world with a different view instead of being afraid to try something new. Beware of schools! They will only teach your child how to become a good employee, thinking in a box and will demonize failure…the exact opposite ingredients for young successful entrepreneurs.
Last but not least, the whole procedure needs to be filled with fun! If your child feels obligated or forced to do something he does not understand, you can pretty sure expect him to develop negativity towards this in the near future…the exact opposite thing from what you want to achieve when developing young successful entrepreneurs. Invest in your kids’ dreams and teach them to invest as well. Another very important thing is the art of giving back which by itself creates happiness for everyone who participates.
Young Successful Entrepreneurs – A Brief Example From My Past
As we prepare to wrap-up this article, let me give you a brief example from my childhood to help you better understand how you can identify the signs of a possible upcoming young entrepreneur. In this picture I’m the boy on the left and probably around 4-5 years old (I can’t quite remember…lol), the age that children stop going to a pediatrician anymore.
So, my pediatrician back then, asked me the regular question all pediatricians ask to children of the same age and that was…
What would you like to become when you grow-up? – Pediatrician
As you can imagine, any normal child answers something like a doctor, or a football player, or a musician, or an astronaut or something similar to the job his parents have…but not the upcoming young successful entrepreneurs, right?
…however it happens to be that I wasn’t a normal child and my answer was far more complicated than this, cause I wanted to become a “gypsy” selling seasonal fruits & vegetables from the back of my pick-up truck…go figure out!
My pediatrician was stunned by the answer and he immediately turned to my mother, telling her that I’m not normal and she would need to keep her eyes on me…(back then, being different, meant that you’re not normal probably and not a clear example of young successful entrepreneurs)
The Meaning Behind My Preposterous Answer
My answer however, had a deep meaning in my mind and here is why…I don’t know if you have ever seen people who sell seasonal stuff from their van or pick-up truck and they continuously move from one place to another (I hope I can give you to understand the idea here). Here is how you can edify your child’s business skills by Stacie Pierce on Huffington Post.
So, my image of what I wanted to become in my life included the freedom to travel anywhere I want to, with a business that would follow me anywhere providing me the necessary income, without a boss or an employer, without being stuck in an office cubicle and without the need of calling people on the phone to sell something…
I guess I’m pretty lucky cause my dream came true and now days I’m using this “all-in-one” digital marketing system to accomplish this childhood imagination…(maybe I should show it to this doctor)