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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 January 21, 2020

What Is Creativity? We All Have It, and Need It

What Is Creativity? We All Have It, and Need It

Do you think of yourself as a creative person? Do you play the drums or do watercolor paintings? Perhaps compose songs or direct plays? Can you even relate to any of these so called ‘creative’ experiences? Growing up, did you ever have that ‘artistic’ sibling or friend who excelled in drawing, playing instruments or literature? And you maybe wondered why you can’t even compose a birthday card greeting–or that drawing stick figures is the furthest you’ll ever get to drawing a family portrait. Many people have this common assumption that creativity is an inborn talent; only a special group of people are inherently creative, and everyone else just unfortunately does not have that special ability. You either have that creative flair or instinct, or you don’t. But, this is far from the truth! So what is creativity?

Can I Be Creative?

The fact is, that everyone has an innate creative ability. Despite what most people may think, creativity is a skill that everyone can learn and hone on. It’s a skill with huge leverage that allows you to generate enormous amounts of value from relatively little input. How is that so? You’ll have to start by expanding your definition of creativity. Ironically, you have to be creative and ‘think out of the box’ with the definition! Creativity at its heart, is being able to see things in a way that others cannot. It’s a skill that helps you find new perspectives to create new possibilities and solutions to different problems. So, if you encounter different challenges and problems that need solving on a regular basis, then creativity is an invaluable skill to have.Let’s say, for example, that you work in sales. Having creativity will help you to look for new ways to approach and reach out to potential customers. Or perhaps you’re a teacher. In this role you have to constantly look for new ways to deliver your message and educate your students.

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How Creativity Works

Let me break another misconception about creativity, which is that it’s only used to create completely “new” or “original” things. Again, this is far from the truth. Because nothing is ever completely new or original. Everything, including works of art, doesn’t come from nothing. Everything derives from some sort of inspiration. That means that creativity works by connecting things together in order to derive new meaning or value.From this perspective, you can see a lot of creativity in action. In technology, Apple combines traditional computers with design and aesthetics to create new ways to use digital products. In music, a musician may be inspired by various styles of music, instruments and rhythms to create an entirely new type of song. All of these examples are about connecting different ideas, finding common ground amongst the differences, and creating a completely new idea out of them.

What Really Is Creativity?

Creativity Needs an Intention

Another misconception about the creative process is that you can just be in a general “creative” state. Real creativity isn’t about coming up with “eureka!” moments for random ideas. Instead, to be truly creative, you need to have a direction. You have to ask yourself this question: “What problem am I trying to solve?” Only by knowing the answer to this question can you start flexing your creativity muscles. Often times, the idea of creativity is associated with the ‘Right’ brain, with intuition and imagination. Hence a lot of focus is placed on the ‘Right’ brain when it comes to creativity. But, to get the most out of creativity, you need to utilize both sides of your brain–Right and Left–which means using the analytical and logical part of your brain, too. This may sound surprising to you, but creativity has a lot to do with problem solving. And, problem solving inherently involves logic and analysis. So instead of throwing out the ‘Left’ brain, full creativity needs them to work in unison. For example, when you’re looking for new ideas, your ‘Left’ brain will guide you to a place of focus, which is based on your objective behind the ideas you’re searching for. The ‘Right’ brain then guides you to gather and explore based on your current focus. And when you decide to try out these new ideas, your ‘Right’ brain will give you novel solutions outside of the ones you already know. Your ‘Left’ brain then helps you evaluate and tune the solutions to work better in practice. So, logic and creativity actually work hand in hand, and not one at the expense of the other.

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Creativity Is a Skill

At the end of the day, creativity is a skill. It’s not some innate or natural born talent that some have over others. What this means is that creativity and innovation can be practiced and improved upon systematically.A skill can be learned and practiced by applying your strongest learning styles. Want to know what your learning style is? Try this test. A skill can be measured and improved through a Feedback Loop, and can be continuously upgraded over time by regular practice. Through regular practice, your creativity goes through different stages of proficiency. This means that you can become more and more creative! If you never thought that creativity was relevant to you, or that you don’t have a knack for being creative… think again! You can use creativity in any aspect of your life. In fact you should use it, as it will allow you to to break through your usual loop, get you out of your comfort zone, and inspire you to grow and try new things. Creativity will definitely give you an edge when you’re trying to solve a problem or come up with new solutions.

Start Connecting the Dots

Excited to start honing your creativity? Here at Lifehack, we’ve got a wealth of knowledge to help you get started. We understand that creativity is a matter of connecting things together in order to derive new meaning or value. So, if you want to learn how to start connecting the dots, check out these tips:

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Featured photo credit: rawpixel via unsplash.com

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