Different kids are going to have different interests. Even within your own children, you may have noticed that some are more athletic while others are more cerebral or artistic. For some kids, there’s a natural tendency toward entrepreneurship and creating their own product or business that will help them feel fulfilled and find some financial success or independence. But when this interest is expressed, you may not know what you can do to help your child with this, especially if you aren’t entrepreneurial yourself.
To help you with this, here are three tips for encouraging your entrepreneurial kids.
Nurture Their Curiosities
Many times, entrepreneurial ideas start off as just natural curiosities. So when you notice your children being curious about something, try your best to nurture those ideas and interests in them.
According to Maverick Puah, a contributor to Addicted2Success.com, you can help to nurture curiosity in your kids by answering their questions about the world whenever they ask something. While you might know some of the answers, like why something is the way that it is, you may not have all the answers. When this happens, encourage your kids to work with you to find the answers to their question, be it how something complicated like the processor of an ATM works or options for improving a part of life.
There’s more to being a young entrepreneur than just having a good idea about something. One skill that many young entrepreneurs need but fail to spend time building on their own is the ability to communicate with adults or larger groups of people.
Knowing this, Cameron Herold, a contributor to Inc.com, recommends that you try to get your child in front of groups of people or audiences so they can get comfortable with this type of communication. As an entrepreneur, your child will have to talk to potential customers as well as share their idea and message with adults, so getting comfortable with this kind of communication early will be very helpful.
Make Failure An Option
One of the biggest fears for anyone, kids alike, is the fear of failing. But if your child has natural talent as an entrepreneur, they’ll need to learn that failure is something to learn from and doesn’t reflect on their value as a person.
To help your child learn this, Michelle Fox, a contributor to CNBC.com, recommends that you teach your children that failure is always an option and that failing at something is the best way for them to learn. Then, when they do fail at something, help them pick up the pieces and move onto their next attempt at success.
If you have kids who express a desire to be entrepreneurs, consider using the tips mentioned above to help you encourage this trait in them.