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Of all the skill sets a person can have in this modern world, entrepreneurialism is perhaps the most valuable of all. The sooner a child understands profit and loss, the better. When you ask many of the famous entrepreneurs about their background, nearly all will admit that mum and dad had a part to play. The Richard Bransons and Bill Gates of this world were no doubt encouraged by their parents at an early age and if you would like your child to develop a talent for making money, the earlier you start the better.
Learning From Failure
One of the most important lessons for anyone is learning from failure and by sitting down with your child after a failed attempt at anything, you can help them to self-analyse the situation and work out what went wrong. Although modern society places an importance on winning, we need to help our children understand that it is, in fact, OK to fail, and you can model this by pointing out your errors to your child. Ask any successful entrepreneur about failure and they’ll tell you it figured highly in their history and what is important is to help children understand that through failure, we learn and that makes us a better person who is more likely to succeed next time round. Having the right day care centre helps, and if you live in or around Brisbane, you can check out https://www.guardian.edu.au/childcare-early-learning-centres/qld/brisbane/, which is a learning organisation that encourages thinking outside the box.
Introduce Your Child to Money
Money makes the world go round, or so the saying goes, and if you want your child to be enterprising, developing an appreciation for money at an early age is a good thing. There are parents who go to great lengths to conceal the harsh realities of the modern world, yet if you want your child to have the best chance of success, then expose him or her to the facts of life, in a controlled way, of course. When you are out and about with your child and you buy something, discuss it and answer any questions her or she might have. There’s nothing wrong with teaching your child that there’s no such thing as a free lunch, even at a very young age and the fact that it happens to be true is an added bonus. There are interesting articles that will provide you additional information on raising entrepreneurial kids that you can refer to.
Obviously, a lot depends on the age of the child, but board games like Monopoly are fantastic tools to encourage entrepreneurial skills to develop. If your child has yet to reach the age where they would appreciate the value of a hotel on Mayfair, you can simplify things a little by playing shopkeeper, making sure the child understands the concept of profit and loss. The experts say that kids pay little attention to what their parents say, rather focusing on their actions and if you are a go-getter who relishes a challenge and doesn’t understand the word “no”, the chances are a lot of this will rub off on your child.
Finding the right early learning environment is important and you should reveal your intentions to the carers, who will help to reinforce the concept of free enterprise that will culminate in business success.