11 Ways to Encourage Entrepreneurship in Children
by Callie Collins
Mar 26, 2023
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Parenting conversations around developing lifelong skills include topics like the value of money, ways to teach work ethic and how to develop grit and gratitude. Developing entrepreneurial skills happens through days of practice, often in less celebrated ways, that turn into years and life habits.

Here are 11 ways to consider helping your child develop entrepreneurial skills:

Foster creativity: Some of the best entrepreneurs are people who see the world differently. Expose children to art, new experiences and what they want to learn more about.

Lead by example: Show your children a project you have led or a business venture where you have been successful.

Encourage routine: Help your children learn independence by creating a manageable routine, which shows them how to structure their time.

Assign age-appropriate chores: Teach life skills through daily repetition and help children see their integral role in the household with corresponding responsibilities.

Encourage each child to follow their interests: Now more than ever, niche interests have a place in the world. Their specialized perspectives can bring personal satisfaction and connections with others.

Give children a chance to try: Allow small sales opportunities, like lemonade stands or friendship bracelet sales, be part of their childhood by conceptualizing and creating informal set-ups. From the permit process to counting change and speaking in public, children learn by doing.

Give children a chance to fail: Sometimes, it is difficult for adults to see children experience natural consequences. Let children learn from their mistakes when possible, which is just as important as letting them try to begin with.

Teach children about money: Give children an allowance. Teach budgeting and money management skills, including to account for sales tax plus how interest works on a credit card. Each year, be mindful about increasing their knowledge according to what they can handle according to their age and maturity.

Encourage children to find information: Beyond using popular search engines, old fashioned book skills have value. Teach children how to find answers they need.

Volunteer together: Show how community change can happen when people work for a common goal.

Set up time to rest: Bright children burning out before adulthood can happen. Set limits on productivity to establish rest time.
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