In this article you will know 7 teachings for entrepreneurial children. Teachings that will drive them and give them the correct bases to cement their success.
Succeeding as an entrepreneur is not easy. I spent seven years studying 177 millionaires and I have to say that they are among the bravest individuals I have ever met.
They put everything on the line and take enormous risks to pursue their dreams.
If you want your children to grow up as entrepreneurs, there are certain things that you as a parent can do to teach them to think like an entrepreneur and not like an employee.
Let’s see them…
7 Lessons for entrepreneurial children.
1. Teach them to be optimistic.
Optimism is one of the great qualities of successful people. 67% of the millionaires analyzed in my study were optimistic fans.
Also read: How to get money? Work first on your way of thinking.
Even knowing that the road to being an entrepreneur could be very long, difficult and full of obstacles; they firmly believed that they could survive and see it through to the end.
Teach your children to be optimistic it will give you a big advantage about anyone they are competing with in their adulthood; since it is optimism that drives, motivates, and gives the strength to overcome the mistakes and failures that they may commit.
Those who are the most optimistic will also be the most persistent; Y persistence is a requirement of success.
2. Help your child create a small business.
This is one of the most important teachings for entrepreneurial children.
Entrepreneurs generate ideas and materialize them. In the process they make mistakes, overcome obstacles, and sometimes fail.
The best time to make mistakes is in youthwhen there are no major responsibilities: such as the mortgage on the house, children, and bills payable.
These are some ideas for you to help your child awaken his entrepreneurial spirit.
- Open a stand selling lemonade or homemade ice cream.
- Sell handmade bracelets.
- Have a garage sale and put your child in charge of selling and collecting money. Give him a commission on each sale, for example 20%.
- Sell sweets at school.
- Sell personalized bands, caps or shirts.
As a parent, you have the responsibility to offer your child his first experiences as an entrepreneur so that he learns from his mistakes from an early age.
3. Teach your kids the difference between good and bad goals.
Successful entrepreneurs set goals that help them fulfill their dreams. They know the difference between good and bad targets.
You’ve hardly heard someone talk about goals from a negative perspective; since they are always perceived as something good.
However, I found in my research that there are some goals that do not give real value to your life.
How do I know what kind of objectives I should teach my future entrepreneurial son?
Also read: The skill that schools do not teach and your children must learn.
Good goals.
Good goals create long-term benefits and lasting happiness when they are achieved.
They allow you to grow as an individual and transform your behavior in a positive way. They will take you from point A to point B; where point B is a better place, where there will be more wealth, better opportunities and better income.
An example of a good goal would be to lose weight. This goal forces you to maintain a daily regimen of exercise, good nutrition, and will motivate you to maintain a healthy lifestyle. This will also prompt you to moderate your alcohol consumption and quit smoking.
When you manage to lose weight you will enjoy the good comments from people, you will feel healthy and all this will bring you happiness.
Also read: How to educate my children financially so that they know how to handle money.
bad goals.
Bad goals create happiness and short-term benefits. An example is acquiring a Ferrari.
To acquire a vehicle of this class you must earn more money. More money can mean more work or great financial risk.
There is a cost/benefit to working more, and the time you put in you will never get back.
Don’t get me wrong, working more to earn money can be a good thing. But spending it to buy material things like a Ferrari is not.
The happiness that comes from owning something material dies after a short timeits benefits are short-term.
On the other hand, the time you invested can never be recovered. If the objective, on the other hand, were to invest that extra money in a calculated risk such as in a company or a property that allows you to spend more time with your family; so you set a good goal.
Showing them the differences between good and bad goals is one of the great lessons for entrepreneurial children.
Also read: How to invest your money well (7 Warren Buffett strategies)
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Let’s continue…
4. Help your children discover their unique talents.
We all have certain innate talents that are unique and belong to us. Unfortunately, most of us never find out what they are.
As a result, by the time we become adults, we find ourselves stuck in jobs that don’t allow us to use our individual talents. This creates unhappiness in our lives.
Where parents fail most often is to include their children in two or three activities, usually sports activities.
How can a child find their talents if they are limited to only these activities?
There is a solution. Every 6 months expose your children to a new skill-based activity. These could be getting into the school newspaper, acting group, music or art group. Let your child experience something new every 6 months.
Also read: 13 characteristics that parents of successful children have.
You will know that your child has found something he is really good at because he will want to continue doing that activity. You won’t need to force him to continue.
5. Your first doctrine.
Humans by nature are focused and obsessed with our own lives. When someone approaches us honestly and shows interest in our interests, we melt like butter.
The key to building strong, lasting relationships is to stop a little from thinking only of ourselves and take into account the interests of those around us.
When you teach your kids about the “Me First” doctrine, you will help them win over almost anyone.
Also read: What should I teach my children about money so that they never depend on it.
In the game of success, relationships play a critical role by opening doors that would otherwise be closed.
If you want to win the game, you need to follow the rules. When you teach your child this doctrine, you are teaching him the most important rule for winning the game of success.
6. Show them the “error folder”.
Mistakes are beautiful things. They not only teach you what not to do, they also help you move in the right direction.
Mistakes are very important in the success of every entrepreneur and those parents who want to educate future entrepreneurs need to teach them that making mistakes is not a bad thing.
There is a tool that you can use to teach this to your children, I call it the “error folder”.
It is a list of all the mistakes you have made in life. Each error is documented on a page that is divided into four parts.
- What was the mistake?
- Why did it happen like this?
- How to avoid this error in the future?
- What did I learn from making this mistake?
The goal is to get your child into the habit of answering these questions every time he gets it wrong. Have him spend a few minutes analyzing these errors.
This will help them learn and keep these mistakes in their memory; working like a radar that alerts them when they are about to make a similar mistake.
This tool will eliminate the negative perception that characterizes the fact of failing.
In this way, your children will soon find themselves thinking like entrepreneurs, learning from their mistakes and passing that knowledge on to others.
7. Teach your future entrepreneur the importance of seeking a mentor.
Of the 177 millionaires who participated in my study, those who found a mentor cut their way to success between the ages of 32 and 12.
Even more important, they amassed twice the average fortune ($7.4 million vs. $3.4 million) over other millionaires in my analysis. It is not easy to find good mentors, but if you don’t look you will never find them.
Teach your children the importance of seeking out those people who can help them find success. Believe it or not, the most successful entrepreneurs are incredibly happy helping others achieve their dreams; And that includes your children.
Those who have achieved their goals want to share their knowledge with like-minded people.
Conclusion of the teachings for entrepreneurial children.
The 7 teachings will form a character in children that will allow them to face difficult moments; because they will be able to leverage their abilities, their relationships with others, their experience, and their decision-making.
We hope this information will be of great help to you and your children 🙂
And remember, if you are really interested in creating your own business and want to find more information on this subject, buy our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another”, where you will find all the information you need to found your own company, without having to leave your job.
This article was originally published on richhabits.net. Its translation and publication in ModoEmprendedor has been authorized directly by the author and cannot be reproduced by any other means.
