Health And Fashion

How can children acquire the skills of entrepreneurship?

   
"I want to earn money, Dad. Can I work for you? I was asked by my 10-year-old son.


"Son, we don't work for pay. To start a business and earn money, you need to think of something original.

After a brief pause, he said, "Oh, let me think. I have an idea! I could take care of the neighbors' lawn!

"Son, that's not a business!"

"Well, on the weekends, I could walk their dogs or wash their cars!"

"Son, you're still trading time for cash! That isn't a company. Please think of a business idea for me!

"Dad, I don't get it!"

"I don't want you to trade money for time. Consider a solution to this problem!

Three days

"Look, Dad! Even while we're on vacation, I'll be earning money if we install this automated water system! After finding a unique hose to attach to his new pots, he exclaimed with excitement.

"To ensure that my tomatoes and cucumbers are organic, I'll purchase organic soil. I can charge my friends and neighbors a higher price for them.

Seeing how he was gathering his business sense made me smile with pride.


We bought everything. He persuaded me to lend him fifty dollars. He will pay me interest, as we agreed. 

My boy is learning how to be an entrepreneur. He is learning everything that schools don't teach him, such as how to manage money, sell, and invest.

He is learning the agony of losing money and having to start over after this winter, and he will learn the agony of paying interest on a loan!


Above all, I'm educating and molding his mentality! Entrepreneurship is not something that can be taught; rather, it is an art that involves understanding how to make money.