Children can be the most innovative species on the planet. They can think of things that adults don’t even consider. A few examples of innovative thinking by kids are popsicles, the trampoline, and earmuffs. If you want to ensure that your little munchkin focuses on innovative ideas and becomes an entrepreneur one day, you should start early. Here are a few tips on how to equip your child with an entrepreneurial mindset.
Ø
Focus on Creativity
Young kids
are usually highly creative. They think of new ways to do the same things over
and over again. As parents, you need to foster this creativity by motivating
them to keep trying new things. It would help if you were not too critical or
made the kids feel that they failed. If your kid wants to use their creativity
to make money, you should encourage that.
Ø
Encourage Brainstorming
You can
encourage your kids’ entrepreneurial mindset by using brainstorming techniques.
Using mind maps is a cool idea. There are many online tools like mindmeister.com
that can be useful. It will help your kid start thinking of how innovative
ideas can be generated and how they can be used to earn money.
Ø
Find a Mentor
If you
don’t have an entrepreneurial mindset as a parent, you need to find someone who
has it. You can find a mentor for your child who can help them to know the
world of entrepreneurship and get them to turn their ideas into reality. The
mentor can be anyone from a local entrepreneur to a friend who is running a
family business or even a distant cousin who is an expert in their field.
Ø
Let Them Explain
Whenever
your kid has a business idea, you should ask them to explain it to you or their
mentor. They should use visuals to explain the idea, the target audience, the
profit potential, and the details of the financial backing they expect. You/Mentor
can then accept to implement the idea on a small scale or reject it with
constructive criticism.
Ø
Do Market Research
If you or
the mentor thinks that the idea your kid has come up with is viable, the next
step is to do some market research to know if the product or service is needed.
If yes, you need to develop a business
plan, handle the financials, hire a team, and get started.
Ø
Don’t Forget the Life Lessons
When your
kid has a business established, you or the mentor need to walk them through
important life lessons like paying taxes,
generating a profit, etc. You can read the books of inspirational entrepreneurs
to them so that they can learn from others’ mistakes. Let them make their own
mistakes but be there if they need help. Review the business with them
regularly to know everything is going as smoothly as you expected it to be. If
not, you can hire a consultant to help in fixing whatever is wrong.
Source:
https://www.cnbc.com/2019/09/10/how-to-teach-your-kid-to-think-like-an-entrepreneur.html