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Four entrepreneurial skills to teach your kids

3 mins read

Young kids are full of questions and have an eagerness to learn new things, they basically have curiosity coming out of their ears so childhood is the perfect time to start instilling some entrepreneurial skills that may come in handy down the road.

In our opinion it’s never too early to start nurturing the tiny Mark Zuckerbergs and Elon Musks in your kids so that they hit the ground running with confidence when they’re ready to start their own businesses.

The following skills are easy to teach and sure to come in handy when your kids write their first business plan.

Embrace failure
Owning your own business isn’t easy, if it was everyone would do it. Taking risks is a huge part of being an entrepreneur and this is something that kids have the opportunity to learn every day. Whether it’s taking those first steps on skates, jumping off the diving board or finally taking a bite of that piece of broccoli they’ve been pushing around their plate for 20 minutes. Not every effort will result in victory but they need to know that that’s okay and they can always try again.

Be open to change
Some people love change and others don’t. Entrepreneurs can think that their business idea is perfect and then realize after initial market research that in fact it isn’t, leading them to pivot. Pivoting can be a hard pill to swallow but common in the startup world so learning to roll with the punches from an early age is important. Rearrange a kids room or play area frequently to slowly get them used to things. Have a favourite park you go to? Switch it up with a different one! There are many small ways you can teach your kids how to embrace change.

This one can be a little tricky because you don’t want them walking into the living room with a full glass of milk in one hand a game console in the other, but you do want them to be able to juggle a few things at once. So hey, why not start them off with actual juggling? Or ask them to spell words while they help you bake cookies or paint a picture. Anything that has them doing a couple of things at the same time will help.

It’s not something very many children have…but to be fair most adults don’t either. It takes patience to teach patience, but it can be done. Whether it’s waiting for a special treat or taking care of a younger sibling there are many ways to teach kids that good things come to those who wait and that there’s always a light at the end of the tunnel. It’s rare for a new business to be a hit right off the bat, and a lot of people get discouraged by it but they need to just be patient and believe in what they’re doing.

Kids are like sponges and will constantly be absorbing the skills and traits you show so setting them up with some solid thick skin will also help them in their entrepreneurial endeavours, because boy, will they need it.

Now go and nurture our future business leaders!


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