All parents want their kids to excel in every aspect of life whether it is education or job. But to achieve this they must be educated other than simple schooling. There are certain things which only parents can teach them which are helpful in every field of life. If you want your child to be successful later, you must teach him basic principles of business starting from childhood because those will be the habits that will last forever.
Why should we teach Business to Kids ?
A number of business families struggle while teaching business to their grown ups because they did not teach them basics when they were very young. So if you want a successful business person, you will have to start feeding business habits to him during childhood. Following are some simple rules and methods that must be used to teach business to kids, so that they will grow into natural business personalities :
Teach your Kids to Never Quit !!!
Teach your children to never quit trying no matter how much troubles are there. Parents must explain to them that ups and downs are part of life and it is very common in business world so they must never leave spirit on failure as it is part of journey.
Teach your Kids to Think BIG
Do not try to limit the thinking ability of your kids. If they want to be successful businessman, they must dream big and there should be no limits to their scope of dreaming. Parents must taught them that if they want to achieve something big in life then first step would be thinking big because if you cant dream it, you cant achieve it.
Teach your Kids to Set Goals
Next step would be goal setting. Make them write their goals somewhere so that they become more focused and ask them to think about methods to formalize them. Research has proved that there are 80% more chances for written goals to be accomplished.
Teach your Kids to Recognize Opportunities
To be a successful businessman, a kid must learn how to recognize opportunities. Most of the people could not achieve anything because they fail to respond to opportunities knocking on their doors. So guide them to take action immediately and if there is no opportunity then build one.
Teach Financial Literacy to your Kids
Make a clear concept about money in minds of children from early age. It will help them build a clear foundation of finances that mere schooling can never develop. To get this done, advise them to earn their own money through starting small business with their own ideas. Educate them how to invest money in business and create their own money.They could start a bank account to learn how to manage expenses.
Teach simple Marketing Skills to your Kids
No business can flourish without advertisement so kids must know how to market their product. As parents, you must advise them to notice banners,advertisement boards etc and also encourage them to think about their own ideas to make their business prosper.
Destroy all Myths of Failure in your Kid’s mind
If you are willing to teach business to kids, some thing are very important to know. It is a common concept taught from childhood that failure is bad and no matter what happens you must never fail. This concept is just a myth that must be clarified to kids. In business world, failure means a new experience and a chance to try something new. So instead of scolding the kids on failing, parents must discuss with them the reasons for failure and they must be encouraged to think about solutions not problems.
Teach Communication Skills to your Kids
In this technology ruling era, communication skills of children have become very poor because of text messages and social media. In business, one must know how to speak and communicate with people directly. Teach your kids to make an eye contact while speaking to someone and also be polite and respectful.Guide them to avoid abbreviations instead speak full sentence slowly.
Develop Creativity in your Kid’s mind
To develop a sense of independence in child, he must be taught that he is responsible for his success and he has to create his own ways to achieve something. If he demands something like a favorite toy etc then instead of giving it at once, you must ask the kid to earn money for it by doing some other work or think creative ideas.
Develop Leadership in your Kid’s mind
To rule in business world one must has to think outside the box. Teach your children to be a leader instead of being lead. Instead of following typical rules, create new rules and lead others.To achieve this, give your kid an opportunity to lead his friends in fun activities and give small speeches in family functions to boost his confidence and leadership skills.