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7 Entrepreneurial Skills Kids Can Learn To Lead A Successful Life

7 Entrepreneurial Skills Kids Can Learn To Lead A Successful Life

As a parent, I want to give my kid an edge, help him learn important skills to lead a successful life. I think he will enjoy more success if he develops a solid entrepreneurial mindset at a young age. People with an entrepreneurial way of thinking see challenges as opportunities and confront them with confidence to innovate and create value in the world.

Kids can develop these key skills and behaviors to lead a successful life. In fact, they are more capable of learning them than adults because they have fewer mental barriers to tear down in order to develop them. Here are seven entrepreneurial skills you can teach your kids to help them lead a successful life:

1. Self Confidence

Self-confidence is a feeling of trust in one’s abilities, qualities and judgment. Developing it is the cornerstone of a successful life. According to psychological studies, confidence comes from where we derive our self-worth, so both internal and external sources.

External sources include appearance, the approval of others, and academic performance. Internal sources include being a good person and staying true to moral standards. Kids with a strong sense of self derived through internal sources – those who are ethical and principled – are less likely to engage in dangerous activities as adolescents and are more likely to have life experiences that lead to a successful life.

Entrepreneurship goes hand in hand with one’s own internal motivation. It is a belief in ones ideas and ability to overcome obstacles that builds strong relationships in both business and life.

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So how do you instil confidence in your child? Be a good role model, show empathy and encourage their opinions. You need to let kids make decisions and support them as they make choices. Even when you think it may not be the right decision, let your kids think up their own ideas and try them. Learning something from experience as opposed to instruction is key in developing problem solving skills and confidence in oneself.

2. Durability and Resilience

Developing a thick skin when it comes to adversity is paramount in an entrepreneur. We all know pain, failure, and disappointment are part of life. No matter how much you want to shield your kids from these things you can’t totally do so.

An important part of entrepreneurship is learning about failure and not fearing it. Prepare your kids develop a resilient spirit and handle challenges life sends their way. You will feel better and more confident in them while helping them avoid anxiety and self-doubt.

How can you help your kids be more durable? Allow them to express emotion and avoid minimizing their feelings. When children perceive their emotions are understood, charged emotions dissipate and allow them to focus their energy on feeling better.

3. Problem solving

Entrepreneurs are critical thinkers. They hone the ability to focus and tackle a problem using analysis and evaluation to form judgments. Learning to think critically is a key component to being a problem solver. It is how people make clear, reasoned decisions leading to a success in business and beyond.

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Teaching critical thinking is, in part, questioning your kids. Ask them how they think they should handle a situation that is troubling them. They may need help coming up with ideas but avoid the urge to handle the problem for them. Give some options for solutions if needed but offer your thoughts in the form of questions like “Do you think this could work?”

Leading kids in this way helps them define the problem aloud, which is affirming. This is a way to get perspective and to find answers independently. Supporting kids in this way helps them feel secure in their ability to find solutions to problems on their own.

4. Creativity and Innovative Thinking

Entrepreneurs need to be creative. Solving complex problems can be tricky. Creative thinking is how new ideas are developed to solve such problems.

Make time for creativity and thinking up ideas with your kids. Questions spark inspiration, like: “What could be done differently to make this better?” or “How many ways can you solve this?”

Ask lots of questions and come up with answers together. Creative thinking is the key to innovation, and the world is changing so quickly that people need to be innovative to stay ahead of the curve and be successful.

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5. Goal Setting

Entrepreneurs know that what gets measured, gets done. All great accomplishments have a timeline, working from a starting point to the goal. Goals keep us moving toward things we really want in life. Having the ability to formulate effective goals and see them through to fruition is important for a successful life.

Teach your kids about goals by sharing your own. Talk about your ideas and your game plan for implementing them. Help them devise short term and longer-term goals by learning what’s important to them, what it is they want to learn, change or have.

Work with them to create steps to achieving goals and talk about progress and challenges over the timeline to achieve the goal. A person needs to know where the finish line is to complete the race and the same is true for life goals. Learning this skill early helps kids accomplish things faster but more importantly helps them gain an understanding that they are capable of controlling their destiny. A pretty powerful feeling when you’re a kid (and later in life too!).

6. Initiative

Entrepreneurs all have initiative. Initiative is a catalyst for creating innovative ideas. It is the motivation to look at what is or what is around you and take action to complete something or make something better. Developing a keen sense for identifying opportunities is one thing but without the initiative to take action nothing gets done.

Teach your kids initiative by modeling it yourself. Children model behaviours of those they look up to so verbally point out instances where you take initiative. This will show them when something needs doing it gets done without hesitation.

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7. Empathy

The ability to empathize is part of being an effective leader. Successful entrepreneurs know that by trying to see others’ views and feelings they can gain acceptance from their colleagues more wholly. Empathy isn’t something you either have or don’t; there are degrees of it and it can be developed and understood by kids as well as adults.

You can help your kids develop empathy by treating them as individuals, people with a mind of their own. Respecting their feelings and emotions and talking about the connections between their feelings and how they behave will help them understand others motivations. This will help your kids recognize things they have in common with people and to relate to them naturally. This ability creates relationships that are more meaningful and is vitally important for success in leading people and as well as in overall happiness in life.

All of these skills are developed through two-way communication. Yes, we need to give direction but kids need the opportunity to express themselves freely and be understood and accepted. As parents, we are the leaders, and we need to be supportive by allowing kids to make decisions and trying different ideas to fix problems. Entrepreneurs know experience is the best teacher and young kids benefit from it most as they develop skills for a successful life.

Featured photo credit: Boy in a park with a plane via shutterstock.com

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Last Updated on August 16, 2018

16 Productivity Secrets of Highly Successful People Revealed

16 Productivity Secrets of Highly Successful People Revealed

The same old motivational secrets don’t really motivate you after you’ve read them for the tenth time, do they?

How about a unique spin on things?

These 16 productivity secrets of successful people will make you reevaluate your approach to your home, work, and creative lives. Learn from these highly successful people, turn these little things they do into your daily habits and you’ll get closer to success.

1. Empty your mind.

It sounds counterproductive, doesn’t it?

Emptying your mind when you have so much to remember seems like you’re just begging to forget something. Instead, this gives you a clean slate so you’re not still thinking about last week’s tasks.

Clear your mind and then start thinking only about what you need to do immediately, and then today. Tasks that need to be accomplished later in the week can wait.

Here’s a guide to help you empty your mind and think sharper:

How to Declutter Your Mind to Sharpen Your Brain and Fall Asleep Faster

2. Keep certain days clear.

Some companies are scheduling “No Meeting Wednesdays,” which means, funnily enough, that no one can hold a meeting on a Wednesday. This gives workers a full day to work on their own tasks, without getting sidetracked by other duties or pointless meetings.

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This can work in your personal life too, for example if you need to restrict Facebook access or limit phone calls.

3. Prioritize your work.

Don’t think every task is created equal! Some tasks aren’t as important as others, or might take less time.

Try to sort your tasks every day and see what can be done quickly and efficiently. Get these out of the way so you have more free time and brain power to focus on what is more important.

Lifehack’s CEO has a unique way to prioritize works, take a look at it here:

How to Prioritize Right in 10 Minutes and Work 10X Faster

4. Chop up your time.

Many successful business leaders chop their time up into fifteen-minute intervals. This means they work on tasks for a quarter of an hour at a time, or schedule meetings for only fifteen minutes. It makes each hour seem four times as long, which leads to more productivity!

5. Have a thinking position.

Truman Capote claimed he couldn’t think unless he was laying down. Proust did this as well, while Stravinsky would stand on his head!

What works for others may not work for you. Try to find a spot and position that is perfect for you to brainstorm or come up with ideas.

6. Pick three to five things you must do that day.

To Do lists can get overwhelming very quickly. Instead of making a never-ending list of everything you can think of that needs to be done, make daily lists that include just three to five things.

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Make sure they’re things that need to be done that day, so you don’t keep putting them off.

7. Don’t try to do too much.

OK, so I just told you to work every day, and now I’m telling you to not do too much? It might sound like conflicting advice, but not doing too much means not biting off more than you can chew. Don’t say yes to every work project or social engagement and find yourself in way over your head.

8. Have a daily action plan.

Don’t limit yourself to a to-do list! Take ten minutes every morning to map out a daily action plan. It’s a place to not only write what needs to be done that day, but also to prioritize what will bring the biggest reward, what will take the longest, and what goals will be accomplished.

Leave room for a “brain dump,” where you can scribble down anything else that’s on your mind.

9. Do your most dreaded project first.

Getting your most dreaded task over with first means you’ll have the rest of the day free for anything and everything else. This also means that you won’t be constantly putting off the worst of your projects, making it even harder to start on it later.

10. Follow the “Two-Minute Rule.”

The “Two-Minute Rule” was made famous by David Allen. It’s simple – if a new task comes in and it can be done in two minutes or less, do it right then. Putting it off just adds to your to-do list and will make the task seem more monumental later.

11. Have a place devoted to work.

If you work in an office, it’s no problem to say that your cubicle desk is where you work every day.

But if you work from home, make sure you have a certain area specifically for work. You don’t want files spread out all over the dinner table, and you don’t want to feel like you’re not working just because you’re relaxing on the couch.

Agatha Christie never wrote at her desk, she wrote wherever she could sit down. Ernest Hemingway wrote standing up. Thomas Wolfe, at 6’6″ tall, used the top of his refrigerator as a desk. Richard Wright wrote on a park bench, rain or shine.

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Have a space where, when you go there, you know you’re going to work. Maybe it’s a cafe downstairs, the library, or a meeting room. Whenever and wherever works for you, do your works there.

12. Find your golden hour.

You don’t have to stick to a “typical” 9–5 schedule!

Novelist Anne Rice slept during the day and wrote at night to avoid distractions. Writer Jerzy Kosinski slept eight hours a day, but never all at once. He’d wake in the morning, work, sleep four hours in the afternoon, then work more that evening.

Your golden hour is the time when you’re at your peak. You’re alert, ready to be productive, and intent on crossing things off your to-do list.

Once you find your best time, protect it with all your might. Make sure you’re always free to do your best uninterrupted work at this time.

13. Pretend you’re on an airplane.

It might not be possible to lock everyone out of your office to get some peace and quiet, but you can eliminate some distractions.

By pretending you’re on an airplane, you can act like your internet access is limited, you’re not able to get something from your bookcase, and you can’t make countless phone calls.

Eliminating these distractions will help you focus on your most important tasks and get them done without interruption.

14. Never stop.

Writers Anthony Trollope and Henry James started writing their next books as soon as they finished their current work in progress.

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Stephen King writes every day of the year, and holds himself accountable for 2,000 words a day! Mark Twain wrote every day, and then read his day’s work aloud to his family to get their feedback.

There’s something to be said about working nonstop, and putting out continuous work instead of taking a break. It’s just a momentum that will push you go further./

15. Be in tune with your body.

Your mind and body will get tired of a task after ninety minutes to two hours focused on it. Keep this in mind as you assign projects to yourself throughout the day, and take breaks to ensure that you won’t get burned out.

16. Try different methods.

Vladimir Nabokov wrote the first drafts of his novels on index cards. This made it easy to rearrange sentences, paragraphs, and chapters by shuffling the cards around.

It does sound easier, and more fun, than copying and pasting in Word! Once Nabokov liked the arrangement, his wife typed them into a single manuscript.

Same for you, don’t give up and think that it’s impossible for you to be productive when one method fails. Try different methods until you find what works perfectly for you.

Featured photo credit: Unsplash via unsplash.com

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