How to Raise Your Kids to Become Entrepreneurs

Author: Alyssa Gregory | October 3, 2016

I got bit by the entrepreneurial bug very early. I remember setting up shop when I was very young to “sell” toys and books to my brothers, collecting their Monopoly money with my toy cash register. My parents, while not entrepreneurs themselves, encouraged my love of business in many ways that helped develop me into the entrepreneur I am today.

As a parent myself, I am very conscious of how my own kids view business and entrepreneurship. While I certainly don’t want to push them into anything, I do want to them to thrive in life, however that unfolds for each of them. And entrepreneurial skills are powerful in many aspects of life.

4 Ways to Prepare Your Kids to Become Entrepreneurs

  1. Let Them Fend for Themselves

    When my kids have trouble doing something, they look to me for help. My natural instinct as a parent is to jump in and save the day. But in some cases, the best option is to let them figure things out for themselves. This not only teaches them self-sufficiency, but it also helps them think creatively and develop their own solutions to problems—and builds their confidence at the same time!

  2. Allow Them to Watch You Work

    Some of my work happens in my home office with my door closed, but most times, my office is not off limits. I have a nice cozy chair in the corner where my kids like to hang out. They tell me about their day, do homework, and watch me work, asking a lot of questions in the process. By taking the mystery away from what I do all day, I am hoping to encourage their interest in working for themselves in the future.

  3. Sign Them Up for Team Sports

    Sports are awesome for developing leadership skills and demonstrating the power of teamwork—two things that are vital for entrepreneurs. The type of sport is less important than the experience, so I encourage my kids to try everything they have an interest in. As a result, they’ve tried many sports, including football, baseball, soccer, softball, basketball, gymnastics, tennis, and even martial arts. Their self-esteem increases with every new sport they try, which is another powerful trait for entrepreneurs.

  4. Talk to Them About Money

    Money and business go hand in hand, but even if my kids don’t plan to create their own businesses, they need a solid handle on money to succeed in life. So we talk often about money, the importance of saving, and what it takes to earn enough money to buy things you want. With daily chores and the possibility of earning an allowance every week, they are on their way to learning the importance of hard work.

Not only do I want to encourage my children to appreciate entrepreneurship and follow their dreams, but I also want to help my kids become adults who are self-sufficient, well rounded, successful, and most of all, happy. That’s the most we can ask for as parents, isn’t it?

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