Building Budding Business Leaders

17 Mar

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Trying to promote business skills in your children while also not feeling like you’re stripping away the joy of childhood can be a real balancing act. However, many of the skills used in the office can be easily integrated into children’s everyday play. Here are four simple strategies you can focus on to raise budding business leaders while also having fun at the same time:

1. Promote financial literacy early on.

Understanding that items have value is an important life skill that children must grasp to succeed down the road. Encouraging financial literacy in the home can take many forms, but here are a few of our favorites:

  • Make Money! Series: Read about kids in true-to-life stories that teach how to work through trial and error to pursue business plans. The series includes washing cars, pet sitting, yard work, and running a lemonade stand! The books are a great way to give children ideas about their own business.
  • Teach personal responsibility by offering children ways to earn income so that they can save for future purchases. This could include chores, running a lemonade stand, or even opening a bank account to save birthday money.
  • Focus on goal setting. Encourage the exploration of future business ideas and how they can see those ideas come to fruition through investment, savings, and hard work. Be sure you’re also celebrating when those goals are met!

2. Accept failure as a part of the learning process.

Children are going to face failures at one point or another; preparing them for it early on is a great way to teach future business skills. Many times schools teach failure as a bad thing, whereas at home, you can encourage your children to view them as chances to grow! When your child makes a mistake, take time to sit down with him or her to discuss which factors led to the failure and then brainstorm ways to prevent it from happening again. Seeing opportunity is a great alternative to dwelling in despair and will help children when they face obstacles in the future.

3. Give children the opportunity to lead.

Being put in a position of leadership is a great way for children to practice effective communication, work toward a common goal, and listen to ideas from others. Invite children’s peers to your house and allow your child to lead in sports, book clubs, or small business projects. Playing host will make children accustomed to leading others. Also, encouraging small token acts, like giving a small toast before family birthday parties or dinners, can give children practice in public speaking.

4. Teach children how to give back.

One important lesson of being a business leader is knowing how to give back to both the employees and the community. Encourage your children to think about how their business can better the lives of others. Part of being a successful business owner is being humble enough to allow great successes to provide benefits to more than just the owner. Volunteering is a great way to allow children to develop the characteristic of helping others. The Busy Family’s Guide to Volunteering is a great tool for getting started. For even more ideas on how to make time to get your children involved in the community, check out this related blog post: https://blog.kaplantoys.com/2014/08/19/3-tips-for-finding-time-to-volunteer-as-a-family/

We want to hear from you! How do you promote early business skills in your children? Share by commenting below or on our Facebook page.

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