Two Easy Ways To Teach Your Child About Business

Being an entrepreneur today can teach a lot of lessons. Whether you’re just starting out, or you’ve worked on it in the past, business has a lot of elements that you can learn from. It’s not just adults that can learn, either. Children can learn some things that will stay with them for a lifetime. From gaining confidence to learning social skills, a lot can be learned from experiencing business elements first hand. There are several ways that you can start teaching children about entrepreneurial pursuits, but which ones are the easiest? Consider a few of the easier options that you’ll find today.

Play Mock Business

There are a lot of toys and kits that you can purchase that help kids play business owner. Many of these are branded by existing franchise companies, but you may find generalized options. Things from beauty salons, fast food restaurants, and several other solutions are made for children that want to “play” business owners. You can join them in playing, and they’ll learn simple lessons from interacting with customers, to how to price things, etc. These may seem like rudimentary things, but they’ll come in handy over time.

Identify A Problem and Solve It

Watch your child and see if they are struggling with anything. Then join them in figuring out a solution. This is exactly what companies do all the time. Identifying problems and fixing them with creative solutions can not only help them in the immediate future, but it could help them down the line as well. Brainstorming is a critical teaching element that is worth exploring, just make sure that you give them some space to figure things out so that they can come up with solutions on their own.

Of course, these are just a couple easy ways to introduce children to business elements. There’s a lot more to explore, but if you’re just starting out, consider the above options. As long as you spend time with them, you’ll see their minds develop critical thinking skills.

Is Your Child Too Busy? The Pitfalls of a Constantly Busy Child

Parents today are stretched very thin at times. With work, social demands, and so much more pulling at the strings of parents, it may be a good idea to keep a child busy. But that poses problems as well. Children that are too “busy”, could very well lose a part of childhood that lets them build self-esteem, self-reliance, and even confidence. There are some pitfalls to doing too much as a child, and many parents are finding out the hard way. Instead of going overboard, consider a few notes on why you should balance a child’s activities to allow them some down time from the grind of everyday life.

Play Time Is Diminished

One of the biggest hurdles of the ever-busy child is that they don’t have play time. You may not think that this could be productive, but it’s very important for a young person. As a child grows up, they use this time to use their imagination and creativity. They do this to ensure that they are dealing with a variety of positive elements overall. They create environments and structures that help their brains develop. Even if you think it’s a waste of time, to them, it’s a grand element that is full of wonder. Encouraging children to imagine, and be creative in play time is a great way to build personality constructs and more.

Friendship and Social Time Suffers

Friendships take time to build. Creating long lasting friendships is a great thing for a child. However, if they are constantly busy, moving in and out of classes, going to extract curricular activities, and never allowed to have down time to play with others, they may have a void in communication. You want to allow your child to flourish socially, and that is done by letting them have some time away from the serious nature of some of the activities they may be involved with. Building relationships that last start at youth and develop in time.

Growing Up Resentful

Adults that have busy childhoods, often end up resenting their upbringing. They cite things like, not being able to be a kid, or not being allowed to have a bit of fun. These things way heavy on the minds of millions of people, and through therapy they can be helped. Professionals, however, agree that when raising children, they should be left to have some fun, downtime, and use their imagination to create lavish worlds and more. Suffice to say, kids should have time to be “kids” sometimes.

Have Brainstorming Sessions With Your Children

Spark Creative Entrepreneurial Thought Processes In Children With Brain Storming

One of the easiest ways to get your child involved in entrepreneurship, or at least thinking like an entrepreneur is through brainstorming. Millions of business owners do this on a regular basis. They focus on finding new routes to work through money making elements, hiring the right people, building portfolios, and doing a lot of work that is needed on a daily basis. In practice, this can help with project planning, management, and more. Bringing it down to a simpler scale is not complex. It’s a matter of taking the things that a child does and then compartmentalizing them for efficiency.

The Chore Element

As mentioned in the previous post, chores are a great tool to tie to entrepreneurship for your child. You can also very easily spark creativity through chores. When looking at chores that need to get done, you could take out a piece of paper, or use a whiteboard to brain storm how to get things down faster and easier. Sometimes the best thing to do is engage with a child’s visual learning curve. Visual learning uses drawings, more than just text. It’s easy to write a lot of text lists, but children may not find them amusing or fun. That’s where you may want to consider drawing, even simple sketches as you creatively tackle chore ideas and more.

Letting Children’s Imagination Run Wild

Sometimes the notion of business and entrepreneurial lessons can seem drab. That’s why it’s important to focus on sparking creativity. You can easily do this by bringing down hard concepts to the level of a child. Let them engage with some of the ideas, and write down simple things that they would do. Sometimes a session of brainstorming is a matter of writing down as many ideas as possible, in a short span of time. Once they are written, take a step back and see what works, what doesn’t, and why some things are better than others overall. Simply put, let a child’s imagination run wild.

Bring Them Into Your Business

When in doubt, focus on allowing your child to see what your brain storming sessions are like. Chances are you have a lot of elements balanced out, and need help pushing them through. How do you do it? Explain the bigger picture concepts that you deal with, and show children how they too can pursue the same thing. The learning options within the notion of entrepreneurship are endless. It’s just a matter of painting them in language that children understand, and want to explore. With that, you can spark creativity, and an industrious mind all the same.

Begin Teaching Your Child Entrepreneurship with Chores

Engaging the notions and ideas of entrepreneurship at a young age is a great thing. When you can get a child to become interested in business opportunities, and the possibilities that are out there, they learn skills that last a lifetime. Starting in business doesn’t have to be relegated to age, or status. Children can learn concepts fast, and use them to run real life businesses. There’s plenty of stories of young entrepreneurs that have gone out to make serious moves financially, all before they turn 18. Some even starting as young as 8 or 9 years old. Not everyone is going to want to start a full business venture, but there are things that can be done to get started. For instance, chores can help teach fundamentals in many ways. 

Linking Allowances As Part of An Education in Entrepreneurship 

The first major point of interest for teaching children about business is found in chores. Chores can be leveraged to show cause and effect. You can do one of two things. You can give a child an allowance for the chores that they do per week. This shows them that if they work hard, they will get paid a fair wage. It’s a simple process, and it stays with them for a lifetime

The second solution is found with investing. If one does their chores, they can earn a little money through an allowance. The progression there is to invest that money into a business opportunity. Whether it’s supplies for making lemonade, or it’s to buy raw materials for crafting, the allowance earned from chores can be used as startup capital for business options. 

Creating Opportunities

There’s plenty of projects a child can work through, including some that allow them to earn through chores and learn about entrepreneurial endeavors. Working with them to find projects that they can build on their own, or focus on after the fact is the key element. Whether you want them to work through a lot of chores weekly, or a few things here and there, you can show a child the complex nature of what small business owners go through when starting up an endeavor. 

To start on this path, set up simple chores first. A few chores for a small allowance on a weekly basis is enough to get started with learning about entrepreneurial roles, and more. Then progress slowly to larger sums, more work, and teach supply and demand. There’s many learning opportunities found with chores, and it all starts with simple weekly tasks.