Running a lemonade stand during the summer may be a fun treat for your children, but did you know that it also teaches them the rules of business? Not only will your little ones learn how to start their own company, but they’ll understand how to deal with money, supply and demand, and the hard work that goes into doing a good job.
It seems that now more than ever people are starting their own businesses, creating amazing new tools for our everyday use. Think about Mark Zuckerberg, you probably use his big idea every day-Facebook. Michelle Phan, a You-tuber, started the Ipsy makeup subscription. Even My Petsters started from a dream and a will to succeed. These ordinary folks turned extraordinary because they have that boss mentality.
Some lucky people are born with the entrepreneurial spirit, but other children need to have it ignited within them. As a parent, it’s our job to stoke that fire and provide our children with the knowledge of being an entrepreneur.
How can we give our kids that fire under the bum feeling when it comes to having big ideas, and ultimately implementing those ideas?
First, it’s important to show your kids that creativity is necessary in this world. So many children these days are staring into their iPad, watching other kids live their dreams. Instead, teach your child how to make YouTube videos (even if you don’t post them online), or teach them how to code with Mine craft. Explore the ways in which their imagination can open their worlds.
Running your own business isn’t all fun and games, and that’s something else we need to teach our budding businessmen and women. Having a big idea is the first step toward entrepreneurship, but we also need to inform our kiddos about responsibilities, sacrifice, hard work, and being independent.
Being responsible and independent can mean getting their homework done, walking the dog, or taking out the trash. Sacrifice is just a tougher way of showing your child that patience is a virtue. I know, all of this seems like a lot to thrust upon a child, but once you get into the routine of showing your kids how to take care of themselves, the rest will fall into place.
One of the biggest things you can do to get a child into the entrepreneurial spirit is to show them that even through hard work and sacrifice, failure is still possible. Yes, it may hurt in the beginning, however picking yourself up and dusting yourself off can and will give them the confidence they need to lead a company one day. Have you ever heard the saying, Fall down seven times, stand up eight? Recite this to your child until they can do just that.
Your child is bright and given the opportunity, he or she can come up with the next great social networking site or the ultimate video game. All you have to do is teach them how to dream bigger, think for themselves, and never give up when they fail. Soon those summer lemonade stands could turn into a startup business, you never know.