8 Entrepreneurial Skills You Should Teach Your Children



As parents, you want to give your children the best lives possible—teaching them the skills they’ll need to be successful in all of their ventures. The entrepreneurial mindset treats life’s hurdles as challenges to overcome, and fostering these skills early on will pay dividends in the years to come.

Building the Next Generation of Leaders

“You don’t learn to walk by following rules.  You learn by doing, and falling over.”  -Richard Branson

Here are eight entrepreneurial skills that will help your children become the next Elon Musk or Steve Jobs—leading successful, fulfilling lives.

1.) Resilience

Life is full of setbacks, and developing a thick skin is essential to getting on in life.  Every entrepreneur needs resilience and determination to get back up when they suffer a blow.

How to Inspire:  Allow children to express emotions and don’t minimize their feelings.  Apps like Positive Penguins can help children understand their negative feelings and enable them to move forward positively.

2.) Innovation and Creativity

Entrepreneurs need to have nimble mindsets—solving complex problems with ingenious solutions. Creative thinking is the bedrock upon which entrepreneurs build their empires.

How to Inspire: Let them play—it’s when children play that they engage all of their creative energies.  Make sure that the games are versatile and not limited to just PC or mobile versions.

3.) Industriousness

No matter how high they rise, the best entrepreneurs never shy away from getting involved in the day-to-day grind. To build a strong work ethic, children need to learn the value of hard work.

How to Inspire: Build independence by giving children chores and the responsibility to get things done. Lead by example and reduce your own time-wasting habits like the frequent use of mobile gadgets.

4.) Curiosity

Being curious about how the world works is a precursor to identify ways to add to it. Entrepreneurs are lifelong learners who are always looking for ways to improve themselves.

How to Inspire: Encourage your children to start new hobbies and pursue their interests—no matter how esoteric. Try having tech-free outings with your children to museums and activity centers.

5.) Self-Confidence

Believing in yourself and your abilities is a cornerstone for a successful life—providing the push to take risks and see things through. Entrepreneurship is all about having faith in your own ideas.

How to Inspire: Encourage their opinions and give them opportunities to make decisions. Even if it’s not what you would do, let the kids make choices and learn from their experiences.

6.) Empathy

Being able to relate to and support others is an invaluable skill for leadership.  Successful entrepreneurs understand the importance of empathy and establishing positive connections.

How to Inspire: Respect your children’s individuality and their opinions, encouraging them to be open with their emotions. Trip Hawkins IF…can help children develop a strong sense of empathy for others.

7.) Optimism

Entrepreneurs are a model of optimism—evangelizing for a better world and working to make it happen. This positive outlook confers social and health advantages.

How to Inspire: Optimism is contagious, so lead by example. Share positive stories and inspirational talks with your children via social media to cultivate gratitude and encourage positive thinking.

8.) Giving Back

While it might not help the bottom line, entrepreneurs understand the importance of corporate social responsibility. True visionaries want to make the world better for everyone, not just themselves.

How to Inspire: Encourage children to help out around the neighborhood.  That could mean raking leaves for an elderly couple, or using crowdfunding apps to help causes they are passionate about.



Reprinted by permission.

Image credit: CC by Uacescomm

About the author: Jason Feimster

Jason is an early-stage investor, entrepreneur, and Marine. He believes in entrepreneurship and its ability to improve the human condition. Jason is dedicated to serving entrepreneurs with angel investing and venture capital.

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