5 Tips for Encouraging Kidpreneurship in Your Home
Yesterday Meg and I had an hour-long business meeting with our daughter Elyana. We celebrated her recent accomplishment of reaching 10k subscribers on her YouTube channel. Then we talked about online safety again, ways to earn passive income, completing her second book, long-term savings goals, and much more.
As parents, it's important to expose our children to different models and ways of thinking, and one of those models is "kidpreneurship." A kidpreneur is a child (of any age) who creates inventions, launches a business, expresses themselves creatively and artistically, and/or simply wants to better the world around them. Kidpreneurship is an excellent opportunity for children to become responsible, learn the value of hard work, and contribute towards their financial future.
If you have a kidpreneur in your home, here are five tips to encourage them on their business journey:
Dream big. Encourage your child to think big and believe in themselves. Remind them that anything is possible if they put their mind to it.
Stay curious. Encourage your child to ask questions and explore their interests and passions. The more they learn and discover, the more they'll be able to turn those passions into a successful business.
Forge their own path. Encourage your child to think outside the box and take risks. They don’t have to follow their parents’ career paths or that of another sibling. Remind them that it's okay to make mistakes and to learn from them.
Enjoy the process. Starting a business can be tough. Remind your child to enjoy the journey and celebrate their successes along the way. After all, they are young and still have their whole life ahead of them.
Keep trying. Starting a business takes time and effort. There are disappointments and failures. Remind your child to keep pushing through the tough times and to never give up on their dreams.
At the end of the day, our biggest task as parents is to affirm and remind our children of who they are and how much we love them, no matter what path they choose. It's also important to remember that not every child will be interested in starting their own business, and that's okay too. The key is to expose them to different models and let them find their own paths.
