5 Benefits of Teaching Young Children About Entrepreneurship
The value of raising a little entrepreneur.
Think for a moment how much you would have benefited from being exposed to entrepreneurship at a younger age. If you actually were exposed to it, think about how much it has shaped your life. There can be tremendous value in being involved in entrepreneurial activities during your formative years, so you’d be doing your children a favor to bring them in. Here are a few potential benefits they could garner from the experience.
1. A better work ethic
It should come as no surprise that young children develop a better work ethic when they’re surrounded by entrepreneurship. This happens in two ways. First, they experience business operations first hand. Whether they’re filing papers and stuffing envelopes or cutting grass and pressure-washing driveways, you quickly understand the value of hard work if you’re thrown into the middle of it.
Second, and perhaps more important, children develop a positive work ethic when they’re exposed to yours. There’s something powerful about seeing a parent -- the most influential person in your life -- treat hard work as a normal state of affairs, and that’s seriously lacking in today’s culture.
2. Stronger appreciation for money
One of the biggest benefits of teaching your children about entrepreneurship is that you’re able to give them a stronger respect for money. Some children might believe you if you told them money grows on trees, but kids who are exposed to business operations know better.
“What helped me most is that I was always making my own money somehow, pretty much since I was 10,” says Fiona Kirkpatrick Parsons, a marketing professional who benefited from being exposed to entrepreneurship from a young age. “The message I received as a kid was, if you want something, you have to get busy and figure out how to do it for yourself. I never expected my parents to provide more than the basics, really. Learning self-reliance, trusting in your creativity and developing courage is a great gift.”
3. Creative thinking
Starting and expanding a business isn’t easy. Problems inevitably arise, and it’s up to you to fix them, and keep the firm moving in the right direction. Instead of hiding challenges and even setbacks from your kids, you should expose them directly to what’s happening. Not only will their unique input help, but you’ll show them what it looks like to think creatively.