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6 Ways to Raise Your Children to be Entrepreneurs

Brendan Cox. Author of "Strictly Business: How to Crush it as a Young Entrepreneur"

When it comes to education and guidance, what’s the best way to have your kids gauge a degree of interest in entrepreneurship? The number of young entrepreneurs is rising across the globe. Teenagers and kids are starting their businesses and startups while they are in school and becoming entrepreneurial stars in no time. Bringing up your kid as an entrepreneur can be the best gift from you to them. However, the decision should be theirs, and you just need to provide them the right environment and encouragement. Here are some tips for you to raise your children to be entrepreneurs.

1. Encourage Their Passion

Children have a remarkable passion for new things. Bring that passion out in them and put a leash on that. It is the passion which makes young kids successful entrepreneurs. Direct this passion in the right direction so that it proves to be productive.

2. Teach Them To Avoid Short-Cuts

Just because they are kids and you are there to support them doesn’t mean that they shouldn’t follow the legal, moral, and social rules. Teach them how to work smart but discourage cutting corners. Instill a sense of responsibility in them.

3. Financial Literacy And The Value Of Money.

Kids shouldn’t choose entrepreneurship just for the abundance of money, but they must have a proper idea of how money works. For this, you need to work on their financial literacy right from the start. Your kid needs to learn that money is earned by hard work and how to spend it rightly. Playing Monopoly often helps teach financial responsibility.

4. Instill Curiosity By Sharing And Discussing Ideas

Curiosity is a wonderful thing for a kid to have. Curious kids turn out to be better entrepreneurs than others. Share and discuss your experiences with them. Taking their input and welcoming their suggestions will also help leverage their curiosity.

5. Show Them Anything Is Possible

Teach from an early age that life is unpredictable, and anything can happen in life. But teach them in a positive way that you can also achieve great things in life. Show them by example how to behave in unfavorable situations.

6. Start Them Early

Last but not least, start them early. Whether it’s a lemonade stand or a bake sale, teach your kids the value of working and earning money.

Are you an aspiring entrepreneur? Check out my new book: Strictly Business: How to Crush it as a Young Entrepreneur.

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