Junior Preneur

9 Ways to Teach Your Kids Entrepreneurship Early in Life

Tip no 6:

Get kids involved in the community.
Successful and happy individuals have one thing common; they give back to their community. There’s several reasons why this is true. For starters, we’re hardwired to help others. In fact, giving activates the part of the brain associated with altruism and happiness.

Additionally, giving can also help you find your passion, strengthen your skills, and develop empathy. Volunteering, for example, can also offer networking opportunities.

However, just simply donating food or money to a charitable organization can be difficult for children to understand where these contributions are going. It’s recommended, then, that you start at home. Begin by encouraging small acts of kindness, like helping a family member, and then work up to something bigger.

After that, sit down with kids and find out which people, organizations, or causes they’re interested in helping. Then, find ways to help these people, organizations, or causes in your local community. For instance, if your children are passionate about animals, volunteer as a family at a local animal shelter.

https://www.calendar.com/blog/9-ways-to-teach-your-kids-entrepreneurship-early-in-life/

9 Ways to Teach Your Kids Entrepreneurship Early in Life

Tip no 5:

Get kids involved in the community.
Successful and happy individuals have one thing common; they give back to their community. There’s several reasons why this is true. For starters, we’re hardwired to help others. In fact, giving activates the part of the brain associated with altruism and happiness.

Additionally, giving can also help you find your passion, strengthen your skills, and develop empathy. Volunteering, for example, can also offer networking opportunities.

However, just simply donating food or money to a charitable organization can be difficult for children to understand where these contributions are going. It’s recommended, then, that you start at home. Begin by encouraging small acts of kindness, like helping a family member, and then work up to something bigger.

After that, sit down with kids and find out which people, organizations, or causes they’re interested in helping. Then, find ways to help these people, organizations, or causes in your local community. For instance, if your children are passionate about animals, volunteer as a family at a local animal shelter.

https://www.calendar.com/blog/9-ways-to-teach-your-kids-entrepreneurship-early-in-life/

9 Ways to Teach Your Kids Entrepreneurship Early in Life

Tip no 4:

Foster creativity.
Creativity is a key entrepreneurial trait. It can help strengthen emotional intelligence, while also helping us become more flexible and better problem solvers. Another perk, specifically for your kids, is that creativity is essential for subjects like science, math, and writing.

To foster creativity in your children, try out these seven ideas from Christine Carter for the Greater Good Science Center at UC Berkeley:
Give your children “ unstructured, child-directed, imaginative play –unencumbered by adult direction.”
Foster a creative atmosphere where children can brainstorm ideas, as well as make mistakes and fail.
Give your children the autonomy to explore their ideas.
Encourage them to read and participate in arts.
Allow them to express “divergent thought” by encouraging them to develop more than one solution.
Don’t reward them for being creative because they “interfere with the creative process.”
Emphasize more on the process, as opposed what your children have achieved.

https://www.calendar.com/blog/9-ways-to-teach-your-kids-entrepreneurship-early-in-life/

Summer should be a blast, full of fun, adventures, and learning. Let your children enjoy their vacation time.
Mark your calendar this coming April 22-26, 2020 because this summer Junior Preneur goes to Kidzania Manila!

Stay tuned for details.

How to teach your kid to think like an ENTREPRENEUR.

Kids can come up with some pretty amazing ideas.

In fact, ear muffs, the popsicle and the trampoline were all invented by children.

Even Berkshire Hathaway CEO Warren Buffett, who is worth $81.7 billion, according to Forbes, began hustling as a child, going door to door selling chewing gum.

Yet, even if your kid isn’t destined to be the next Buffett or Mark Zuckerberg, encouraging an entrepreneurial mindset will help them develop necessary life skills, as well as teach them important financial lessons.

“There are these unbelievable opportunities, as parents, that happen right under your roof to teach kids about money and entrepreneurship on the top of the list,” said Thomas Henske, a certified financial planner with New York-based Lenox Advisors.

By becoming an entrepreneur — whether it is simply putting up a neighborhood lemonade stand, launching a landscaping business or developing a new app — kids can learn about budgeting, saving, spending and investing.

“It makes you value money more,” said Henske, who developed and runs his firm’s smart-money kids program. “It’s hard to make it. It’s hard to keep it.”

It also helps children develop perseverance by learning from their failures, and it begins to introduce critical thinking, said Don Bossi, president of FIRST, a nonprofit organization that helps foster innovations by students K-12 in the fields of science, technology, engineering and math (STEM).

“Failure is part of the learning process,” he said.

“If they try something and it doesn’t work, instead of putting it down and walking away, nurture them,” he said.

You can ask, ”‘What did you learn from that? What can you do to make it better?’”

Here are other things you can do to encourage your kid become an self-starter — and help them get smart about money in the process. According to www.cnbc.com