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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 December 14, 2018

14 Helpful Tips for Single Parents: How to Stay Sane While Doing it All

14 Helpful Tips for Single Parents: How to Stay Sane While Doing it All

According to the U.S. Census Bureau, over 27% of children under the age of 18 are living with a single parent.[1] That’s over 1/4th of the U.S. population.There is a common misconception that children who grow up in single parent homes are not as successful as children living in two-parent homes.

One crucial detail that was often left out of studies when comparing single and two-parent homes was the stability of the household. There is a correlation between family structure and family stability, but this study shows that children who grow up in stable single-parent homes do as well as those in married households in terms of academic abilities and behavior.

But providing stability is easier said than done. With only one adult to act as a parent, some tasks are inherently more challenging. However, there are a few helpful things you can do to make the parenting journey a little easier for yourself and stay sane while doing it.

1. Don’t Neglect Self-Care

Before anything else can be done, you must be caring for your own needs adequately. Only when you are feeling well-rested and healthy can you be at your best for your children.

Many parents tend to put their kids’ needs first and their owns last, but that will result in a never-ending cycle of exhaustion and feelings of inadequacy. Make time to eat regularly and healthfully, get plenty of rest, and squeeze in exercise whenever you can. Even a short walk around the neighborhood will help your body get much-needed movement and fresh air.

Your children depend on you, and it’s up to you to make sure that you are well-equipped and ready to take on that responsibility.

2. Join Forces with Other Single Parents

At times, it may seem like you’re the only person who knows what it’s like to be a single parent. However, the statistics say that there are many others who know exactly what you’re going through.

Find single parents locally, through your kid’s school, extracurricular activities, or even an app. There are also numerous online communities that can offer support and advice, through Facebook or sites like Single Mom Nation.

Although single moms make up the majority of single parents, there are more than 2.6 million single dads in the U.S. A great way to connect is through Meetup. Other single parents will more than happy to arrange babysitting swaps, playdates, and carpools.

Join forces in order to form mutually beneficial relationships.

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3. Build a Community

In addition to finding support with other single parents, also build a community comprised of families of all different types. Rather than focus solely on the single parent aspect of your identity, look for parents and kids who share other things in common.

Join a playgroup, get plugged in at a church, or get to know the parents of the kids involved in the same extracurricular activities. Having a community of a variety of people and families will bring diversity and excitement into your and your kids’ lives.

4. Accept Help

Don’t try to be a superhero and do it all yourself. There are probably people in your life who care about you and your kids and want to help you. Let them know what types of things would be most appreciated, whether it’s bringing meals once a week, helping with rides to school, or giving you time to yourself.

There is no shame in asking for help and accepting assistance from loved ones. You will not be perceived as weak or incompetent. You are being a good parent by being resourceful and allowing others to give you a much-needed break.

5. Get Creative with Childcare

Raising a child on a single income is a challenge, with the high cost of daycares, nannies, and other conventional childcare services. More affordable options are possible if you go a less traditional route.

If you have space and live in a college town, offer a college student housing in exchange for regular childcare. Or swap kids with other single parents so that your kids have friends to play with while the parents get time to themselves.

When I was younger, my parents had a group of five family friends, and all of the children would rotate to a different house each day of the week, during the summer months. The kids would have a great time playing with each other, and the parents’ job becomes a lot easier. That’s what you would call a win-win situation.

6. Plan Ahead for Emergencies

As a single parent, a backup plan or two is a must in emergency situations. Make a list of people you know you can call in a moment’s notice. There will be times in which you need help, and it’s important to know ahead of time who you can rely on.

Look into whether or not your area offers emergency babysitting services or a drop-in daycare. Knowing who will be able to care for your child in the event of an emergency can relieve one potential source of anxiety in stressful situations.

7. Create a Routine

Routines are crucial for young children because knowing what to expect gives them a semblance of control. This is even more important when in a single parent home.

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If the child travels between homes or has multiple caretakers, life can seem extremely chaotic and unpredictable. Establish a routine and schedule for your child as much as possible. This can include bedtime, before/after school, chores, meal times, and even a weekend routine.

Having a routine does not mean things cannot change. It is merely a default schedule to fall back on when no additional events or activities are going on. When your children know what to expect, they will be less resistant because they know what to expect, and days will run much more smoothly.

8. Be Consistent with Rules and Discipline

If your child has multiple caretakers, such as another parent, grandparent, or babysitter, communicate clearly on how discipline will be handled. Talk to your ex, if you are sharing custody, as well as any other caretakers about the rules and the agreed-upon approach to discipline.

When a child realizes that certain rules can be bent with certain people, he/she will use it to their advantage, causing additional issues with limits, behavior, and discipline down the road.

This article may help you to discipline your child better:

How to Discipline a Child (The Complete Guide for Different Ages)

9. Stay Positive

Everyone has heard the saying, “Mind over matter.” But there really is so much power behind your mentality. It can change your perspective and make a difficult situation so much better.

Your kids will be able to detect even the smallest shift in your attitude. When the responsibilities of motherhood are overwhelming, stay focused on the positive things in your life, such as your friends and family. This will produce a much more stable home environment.

Maintain your sense of humor and don’t be afraid to be silly. Look towards the future and the great things that are still to come for you and your family. Rediscover and redefine your family values.

10. Move Past the Guilt

In a single parent home, it is impossible to act as both parents, regardless of how hard you try. Let go of the things that you cannot do as a single parent, and instead, think of the great things you ARE able to provide for your children.

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Leave behind the notion that life would be easier or better with two parents. This is simply not true. There is a multitude of pros and cons to all family dynamics, and the one you are providing for your kids now is the one that they need.

Don’t get bogged down by guilt or regret. Take control of your life and be the best parent you can by being present and engaged with them on a daily basis.

11. Answer Questions Honestly

Your kids may have questions about why their home situation is different from many of their friends. When asked, don’t sugarcoat the situation or give them an answer that is not accurate.

Depending on their age, take this opportunity to explain the truth of what happened and how the current circumstances came about. Not all families have two parents, whether that is due to divorce, death, or whatever else life brings.

Don’t give more detail than necessary or talk badly about the other parent. But strive to be truthful and honest. Your children will benefit more from your candor than a made-up story.

12. Treat Kids Like Kids

In the absence of a partner, it can be tempting to rely on your children for comfort, companionship, or sympathy. But your kids are not equipped to play this role for you.

There are many details within an adult relationship that children are not able to understand or process, and it will only cause confusion and resentment.

Do not take out your anger on your kids. Separate your emotional needs from your role as a mother. If you find yourself depending on your kids too much, look for adult friends or family members that you can talk to about your issues.

13. Find Role Models

Find positive role models of the opposite sex for your child. It’s crucial that your child does not form negative associations with an entire gender of people.

Find close friends or family members that would be willing to spend one-on-one time with your kids. Encourage them to form meaningful relationships with people that you trust and that they can look up to.

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Role models can make a huge difference in the path that a child decides to take, so be intentional about the ones that you put in your kids’ lives.

14. Be Affectionate and Give Praise

Your children need your affection and praise on a daily basis. Engage with your kids as often as possible by playing with them, going on outings, and encouraging open dialogue.

Affirm them in the things that they are doing well, no matter how small. Praise their efforts, rather than their achievements. This will inspire them to continue to put forth hard work and not give up when success is not achieved.

Rather than spending money on gifts, spend time and effort in making lasting memories.

Final Thoughts

Being a single parent is a challenging responsibility to take on. Without the help of a partner to fall back on, single parents have a lot more to take on.

However, studies show that growing up in a single parent home does not have a negative effect on achievement in school. As long as the family is a stable and safe environment, kids are able to excel and do well in life.

Use these tips in order to be a reliable and capable parent for your kids, while maintaining your own well-being and sanity.

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Featured photo credit: Bruno Nascimento via unsplash.com

Reference

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