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How to Teach Your Kids to Have Entrepreneurial Mindsets

How to Teach Your Kids to Have Entrepreneurial Mindsets

What do we mean when we refer to an “entrepreneurial mindset”? Why should we teach kids this from an early age? Norman Goldstein, founder of BKFK (By Kids For Kids), asked himself the same question and his answer was to create an organization which would help kids towards empowerment in being creative, innovative and self disciplined.

These techniques don’t just relegate your child to a career in entrepreneurship. These are the pillars to be successful in any field whether they choose to be a teacher, nurse, fire-fighter or surgeon. This entrepreneurial mindset will determine how they face the world. Here are 6 steps to make sure your kids will benefit and thrive.

1. Set 3 main goals

These goals should be written down as they are far more likely to be achieved when they are in black and white. Ask your kids what their top 3 goals are. These can range from getting on the baseball team to improving their math grades or becoming faster readers. Then, ask them what steps they will have to take to start achieving these goals. Encourage them to think of a step by step approach and get them to write these down too. These can be ticked off when they are completed and that is a great indicator of progress and a powerful motivator too. There are some great tips here about how to write these goals down.

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2. Help them to problem solve

Getting kids to identify problem areas in their lives and then finding solutions is a great way to teach them to be autonomous. They may be having issues with friends, difficulties in completing a homework task, or trouble with just deciding what to wear.

How do you help them along the way to make decisions for themselves without actually providing the solution? If a child is being picked on in recess, brainstorm with him or her various solutions. Encourage the child to look at the pros and cons. If a teenager spends all her money on the first attractive thing she sees in a shop, the natural consequence is that all her money for the week or month is gone. After this incident, talking about how to make a better choice the next time helps to build problem solving skills.

3. Teach them the value of money

Encourage a child to learn about the value of money and wise spending because managing money is an essential life skill. A great way to start is by taking them to a yard sale. There are usually loads of kids’ stuff there and they may sniff out a bargain.

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Next, help them to increase their allowance by paying them for certain demanding chores around the house and yard. These should be rather special tasks and different from normal household chores which are unpaid.  With all of this extra money, you can take them to the bank with you and encourage them to open an account and start saving as soon as they are old enough.

As your children grow into their teenage years, talk about investing money and how it can generate more money in the future. Discuss how you use coupons and save money on shopping and how you look for good value. Ask them if they want to save up for a special treat such as going to Disneyland.

4. Teach them about failure

Failure at school is taboo. Teaching our kids that there are lessons to be learned from failure in any aspect of life is a great way to instil in them the right entrepreneurial mindset. Here are some ways you can do that: Forget about punishment if poor grades are coming in. It is a much better idea to talk about what went wrong, why it happened and how to prevent the next poor grade. This is a teachable moment and a very important one because the child is learning from failure. Looking at what went wrong instead of blaming the teacher is a great way to start. Self esteem is built on achievement.

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“When you move beyond failure …..you learn how to tolerate frustration, how to get creative and take different approaches to tasks, and also how to ask for help—all things that are necessary for long-term success in life.” – Rahel Briggs, child psychologist at Montefiore Children’s Hospital, Bronx, NY.

5. Teach about communication

How many times have you seen adults and kids glued to their smartphones? Are they really communicating? Face-to-face contact and communication are essential in business and personal relationships. Limit your child’s use of cell phones for communication, including texting.

Get them to talk to you and encourage them to be polite, respectful and use eye contact. Ask them to practice writing real emails to you so that their use of acronyms and text language does not take over their formal writing standards. Another example is to ask them to write you an email asking for a birthday present and stating why they want it and how they would benefit from it. No abbreviations are allowed!

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6. Encourage learning

The thirst for knowledge can never be satisfied. Kids love learning new things and this curiosity will last a lifetime if it is begun at an early age. Playing stimulating games with a baby can help kick-start their intellectual development from very early on. You can spot the difference straightaway in a home where kids have been encouraged to learn, read and discover things for themselves.

This is what helps them to develop the right and left parts of the brain. Stimulate them with new gadgets that they have to work out how to use. Get them into strategic games, puzzles and quizzes. Learning never stops in your family. It will be a lifelong treasure whether they become entrepreneurs or not. Couple that with hard work and self discipline for guaranteed success, whatever job they choose.

“An idea isn’t worth much until a man is found who has the energy and ability to make it work.” – William Feather.

Featured photo credit: The Full Buying Experience/Vivid Image via flickr.com

More by this author

Robert Locke

Author of Ziger the Tiger Stories, a health enthusiast specializing in relationships, life improvement and mental health.

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Published on April 9, 2021

50 Single Mom Quotes On Staying Strong And Loving

50 Single Mom Quotes On Staying Strong And Loving

Being a mom is not easy. Being a single mom is even more challenging. Having children means you are on the job 24/7. Even while you are sleeping, you are still ready to wake at the slightest peep because that is what moms do.

Moms, especially single moms, need more people cheering them on. Your love and care matter to your kids. You are their superhero. I think single moms are superheroes, too.

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The quotes below are words of encouragement for all of the single moms out there. Keep up the great work! Your hard work will pay off. Someday, they will be grown up and living on their own. Your job will never truly be done as a mom, but you can pat yourself on the back today and every day for doing mom duty day in and day out.

Here are 50 single mom quotes to encourage all the single moms out there.

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  1. “Being raised by a single mother, I learned to appreciate and value independent women.”—Kenny Conley
  2. “As a single mum you’ll discover inner strengths and capabilities you never knew you had.”—Emma-Louise Smith
  3. “One thing I know for sure – this motherhood thing is not for sissies.”—Jennifer Nettles
  4. “Mothers and their children are in a category all their own. There’s no bond so strong in the entire world. No love so instantaneous and forgiving.”—Gail Tsukiyama
  5. “And one day she discovered that she was fierce and strong, and full of fire and that not even she could hold herself back because her passion burned brighter than her fears.”—Mark Anthony
  6. “She never quite leaves her children at home, even when she doesn’t take them along.”—Margaret Culkin Banning
  7. “The most common way people give up their power is by thinking they don’t have any.”—Alice Walker
  8. “Everyone has inside of her a piece of good news. The good news is that you don’t know how great you can be, how much you can love, what you can accomplish, and what your potential is.”—Anne Frank
  9. “Doubt is a killer. You just have to know who you are and what you stand for.”—Jennifer Lopez
  10. “You are more powerful than you know; you are beautiful just as you are.”—Melissa Etheridge
  11. “Motherhood is the greatest thing and the hardest thing.”—Ricki Lake
  12. “You don’t take a class; you’re thrown into motherhood and learn from experience.”—Jennie Finch
  13. “If you look at what you have in life, you’ll always have more. If you look at what you don’t have in life, you’ll never have enough.”—Oprah Winfrey
  14. “I am no bird; and no net ensnares me: I am a free human being with an independent will.”—Charlotte Brontë
  15. “Above all, be the heroine of your life, not the victim.”—Nora Ephron
  16. “When a woman becomes her own best friend life is easier.”—Diane Von Furstenberg
  17. “If you want something said, ask a man; if you want something done, ask a woman.”—Margaret Thatcher
  18. “Women have discovered that they cannot rely on men’s chivalry to give them justice.”—Helen Keller
  19. “Successful mothers are not the ones that have never struggled. They are the ones that never give up, despite the struggles.”—Sharon Jaynes
  20. “Success, they taught me, is built on the foundation of courage, hard work, and individual responsibility. Despite what some would have us believe, success is not built on resentment and fears.”—Susana Martinez
  21. “You may not control all the events that happen to you, but you can decide not to be reduced by them.”—Maya Angelou
  22. “The question isn’t who’s going to let me; it’s who is going to stop me.”—Ayn Rand
  23. “God could not be everywhere, and therefore he made mothers.”—Rudyard Kipling
  24. “The women whom I love and admire for their strength and grace did not get that way because stuff worked out. They got that way because stuff went wrong, and they handled it. They handled it in a thousand different ways on a thousand different days, but they handled it. Those women are my superheroes.”—Elizabeth Gilbert
  25. “There will be so many times you feel like you failed. But in the eyes, ears, and mind of your child, you are a SUPER MOM.”—Stephanie Precourt
  26. “Motherhood is the ultimate call to sacrifice.”—Wangechi Mutu
  27. “We may encounter many defeats but we must not be defeated.”—Maya Angelou
  28. “A mother’s arms are more comforting than anyone else’s.”—Princess Diana
  29. “There’s no way to be a perfect mother and a million ways to be a good one.”—Jill Churchill
  30. “There’s no doubt that motherhood is the best thing in my life. It’s all that really matters.”—Courtney Cox
  31. “I realized when you look at your mother, you are looking at the purest love you will ever know.”—Mitch Albom
  32. “I have found being a mother has made me emotionally raw in many situations. Your heart is beating outside your body when you have a baby.”—Kate Beckinsale
  33. “Single moms, you are a doctor, a teacher, a nurse, a maid, a cook, a referee, a heroine, a provider, a defender, a protector, a true Superwoman. Wear your cape proudly.”—Mandy Hale
  34. “I’m not really single. I mean, I am, but I have a son. Being a single mother is different from being a single woman.”—Kate Hudson
  35. “Being a single parent is twice the work, twice the stress, and twice the tears but also twice the hugs, twice the love, and twice the pride.”—Unknown
  36. “For me, motherhood is learning about the strengths I didn’t know I had, and dealing with the fears I didn’t know existed.”—Halle Berry
  37. “A single mom tries when things are hard. She never gives up. She believes in her family, even when things are tough. She knows that above all things… a mother’s love is more than enough.”—Denice Williams
  38. “You do the best you can. Some days you feel really good about yourself and some days you don’t.”—Katie Holmes
  39. “I would say to any single parent currently feeling the weight of stereotype or stigmatization that I am prouder of my years as a single mother than of any other part of my life.”JK Rowling
  40. “Just because I am a single mother doesn’t mean I cannot be a success.”—Yvonne Kaloki
  41. “I didn’t plan on being a single mom, but you have to deal with the cards you are dealt the best way you can.”—Tichina Arnold
  42. “Nothing you do for children is ever wasted.”—Garrison Keillor
  43. “A single mom tries when things are hard. She never gives up. She believes in her family, even when things are tough. She knows that above all things, a mother’s love is more than enough.”—Deniece Williams
  44. “Motherhood has a very humanizing effect. Everything gets reduced to essentials.”—Meryl Streep
  45. “Having kids—the responsibility of rearing good, kind, ethical, responsible human beings—is the biggest job anyone can embark on.”—Maria Shriver
  46. “Mother is a verb. It’s something you do. Not just who you are.”—Cheryl Lacey Donovan
  47. “A mother’s love for her child is like nothing else in the world. It knows no law, no pity, it dates all things and crushes down remorselessly all that stands in its path.”—Agatha Christie
  48. “A mother’s arms are more comforting than anyone else’s.”—Princess Diana
  49. “The hand that rocks the cradle is the hand that rules the world.”—W.R. Wallace
  50. “Being a mother is the greatest blessing and the hardest challenge in all of life.”—Dr. Magdalena Battles

Final Thoughts

Single moms are remarkable women. They are to be respected and honored for all that they do. If you know a single mom, then share this article with them. Tell them “you are doing a great job as a single mom.” They need our encouragement and support.

They may be parenting alone, but it is good to let them know that there are people in their life who care for them. We can all be there for the single moms out there. Even if it is just to say, “keep up the great work, you are an amazing woman!”

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If you are a single mom, keep up the good work! You are amazing, and your kids are lucky to have you!

More Tips for Single Moms

Featured photo credit: Alexander Dummer via unsplash.com

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