3 Essential Entrepreneurial Skills Every Kid Should Know

Sabrina Bradley knows all about the hard work and dedication needed to build a successful business. A passion for skincare and environmentally-friendly products, she worked hard to turn her dreams of creating a line of holistic treatments and owning her boutique spa into a reality.

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When she became a mother, Sabrina knew she would be implementing the same values and skills she acquired as a business owner in her son Chase’s everyday life. She wanted to inspire him to be a risk-taker, create his own path, and walk to the beat of his own drum.

Teaching your children about entrepreneurship and the value of hard work at an early age will have a positive impact on their futures and increase their chances of success. Children are like sponges; they absorb information and actively make sense of it. When thinking about how to teach your kids about these topics effectively, make sure to make it an enjoyable learning experience. Here are a couple of helpful tips to inspire your little ones to become young entrepreneurs.

1. Set Goals. When Chase was younger, Sabrina created to-do lists with goals for him to accomplish. Then, she helped him create a vision board and set his own goals. Helping kids create challenging but attainable goals will not only boost their confidence but also value the time and hard work they have spent achieving them. Having their goals visible will set as a reminder and make it simpler for your child to keep track and celebrate their progress, keeping them motivated.

2. Break the News that “Money Doesn’t Grow On Trees.” Entrepreneurs are financially self-reliant; that’s why it’s necessary to encourage a strong work ethic and teach kids about the value of hard work. From an early age, Sabrina made it clear to Chase that money doesn’t grow on trees. When Chase started preschool, Sabrina would use old coffee tins as a “coin bank.” Every Friday (payday), she would give him money for doing his assigned chores; she would also deduct money when he neglected them. When Chase got a little older, Sabrina “hired” him as the “operational manager” for her company, where his duties included printing out shipping labels, packing orders, putting up flyers, etc. Giving your kids’ essential job roles and having them involved in your business to earn money instills a strong work ethic, a necessary quality for aspiring entrepreneurs.

3. Embrace Failure. Being an entrepreneur and starting a business is like going through an obstacle course: there will be setbacks, challenges, and roadblocks before getting to the finish line. That’s why it’s important to learn how to be resilient and embrace failure. Sabrina taught Chase that it was okay to fail; it was just a bump in the road on his way to success. She emphasized that to move forward, he would have to gracefully accept his mistakes, learn from his experience, and use it as motivation to try again. Teach your kids that failure is not an excuse to quit. The amount of times they fail or get rejected is unimportant; what matters is that they get back up, learn, dust themselves off, and try again.

As a momtrepreneur, Sabrina taught her son Chase the ropes of entrepreneurship—and it’s paying off. At 17, Chase is seen as a young mentor to children in his community and is working diligently to have his own business one day. Whether or not your child chooses the path of having their own business or not, the skills above will help them succeed in whatever profession they decide to pursue in the future.

Dena Roché is a multi-faceted communications professional who assists luxury, hospitality and wellness brands become publishers of quality content and writes for national and international publications, while helping brands create their own messaging.


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