7 Reasons You Should Encourage Your Kids to Start a Business Now

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When I told a group of friends that I’m writing an e-guide for parents to help their kids start a business, I got the following responses:

Friend #1. Why would a parent want to encourage their kids to take risks?

Friend #2. I wish someone had introduced me to entrepreneurship earlier. I could have skipped all the years I spent trying to rise to the top in a job I hate.

Friend #3. Don’t most parents just want their kids to go to college and get a good job?

Friend #4. All my daughter talks about is being an aerospace engineer. Why would I want to encourage her to sell cupcakes?

Friend #5. That’s a great idea. Maybe my son can start paying for his own expensive Nikes. He outgrows them so fast.

I didn’t even respond to Friend #1 because this is a parent who is raising her kids to be as fearful as she is and I didn’t want to get into it with her. (Letting fear hold me back is much scarier to me.)

I hear comments like Friend #2’s from most of the clients I consult with. They say they wish they’d known about being free-range when they first got out of college because it would have saved them all the pain and agony of corporate life.

I told Friend #3 that I think most of us want our kids to have the option and experience of college but that we don’t all see that as a ticket to a good job, nor do we see a job as the only road to success.

Friend #4’s daughter will make a better engineer if she is a creative problem solver and the skills she will gain from having a business as a child will be valuable in whatever career she chooses.
And the money she earns now can help her pay for that engineering degree.

I told friend #5 that her son will appreciate his expensive Nikes (or cell phone, or video game) a whole lot more if he pays for them with money he’s earned himself.

Kids want expensive gadgets before they are old enough to get a job and starting their own business will enable them to earn money for those toys and hobbies. Even if you can afford to buy those things for them stuff means more to them when they have to work and budget their spending to get what they want.
Starting a business builds confidence and teaches the to be resourceful. They develop creative problem solving muscles they’ll need all throughout life.
It encourages them to be responsible for both their time and money management.
Knowing you support their efforts and believe in them makes them believe in themselves.
Entrepreneurship trains kids to see possibilities where others see problems.
Even if they end up going to work for someone else when they are adults, they will have gained valuable experience for future resumes.
As young entrepreneurs they’ll build the skills and positive character traits that they’ll need to be successful in a constantly changing world.

What we all really want is for our children to be happy, healthy and independent adults and the experience of having a business when they’re young will benefit them in whatever future career they choose.

 

The e-guide “Create Your Own Summer Job” is full of more than 50 ideas for businesses you or your child can start ANY TIME OF YEAR.

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