HOW TO RAISE ENTREPRENEURIAL KIDS

When we begin raising our kids, we often think of the wisdom that our parents shared with us that we would like to pass on. But as the times change, there are more things our kids should learn.

One of those things is entrepreneurship.

Raising our children with an entrepreneurial mindset can set them up for great success in the future. And as Alessia and I continue to grow our company, this becomes more evident.

She is learning to take risks, embrace curiosity, open her mind, and become self-reflective. I'm not saying this to imply that we need to raise a generation of mini-entrepreneurs; what I am saying is that they should have an entrepreneurial mindset.

In this article, I would like to share some tips with you on how to raise your child to have the life-enriching qualities of an entrepreneur.

BUILD FINANCIAL LITERACY

Many people assume that the childhood years are far too young to begin understanding the importance of money and how it works. But that is so far from the actual truth. The sooner they learn how currency works, the better.

Kids often want instant gratification. But if we teach them the importance of investing as opposed to spending, they will be set up for great success.

When we started the business, Alessia wanted payment for her in the form of work in video game dollars. Instead, I suggested she invest in stocks for her favorite video games.

She has since been able to see how quickly her money can grow if she chooses to save instead of spend.

TEACH COMMUNICATION SKILLS

Texting and non-verbal forms of communication may be the popular way to communicate in everyday life, but in the world of business, this isn't the case. Phone and face-to-face conversations are still essential for multiple aspects of business, and it's still important to teach the younger generation these skills.

The ability to verbally express yourself both in and out of the workplace is an essential part of life.

You can build this skill by encouraging your child to talk with their friends and family over the phone instead of via text. Soon they will grow to love the intimate form of communication.

FOSTER THEIR NEGOTIATIONS SKILLS

Children are born to negotiate. It's that simple. But to give you an idea about what I'm referring to, think of all the times your kids wanted something, and your immediate answer was no. Your child most likely started to say why they want it and how it could benefit (especially if they are a bit older.) Even younger children's multiple attempts at saying please are a form of negotiation. We shouldn't shut this down - we should foster it to become something great.

Listening and compromising when possible is one of the best ways to foster this skill. It's that easy.

OUR CHILDREN ARE THE FUTURE

Every kid has the key features of an Entrepreneurial mindset in them, creativity and risk-taking to name a couple.

If we raise our children to embrace these things, not only will their future be bright, so will the world's.