Help your children to have an entrepreneurial mindset

entrepreneurial mindset
What do you want to be when you grow up?

Firefighter, policeman, dancer, astronaut, soccer player… The question that we all receive as children is usually answered with a profession that we imagine exciting or full of adventure, but that does not reflect an entrepreneurial mentality. And growing up, many of us take a different path, even far from those first childhood dreams.

Very few children answer “I want to start a company”, or “I am going to have my own business”. Almost no one can affirm "since I was born I knew that I was going to dedicate myself to business." Why will this happen?

Because, in reality, entrepreneurs are not born, they are made.

At Oyster we believe that everyone has a talent, an idea or a mission that they can turn into a great business. However, many believe that they are not entrepreneurial. They think that they "don't know how to do business", that they are unlucky or that they do not have what it takes to start a business.

The truth is that everyone, with the right knowledge, skills and resources , can be an entrepreneur.

What is needed is that from a young age they teach us how to do it. Therefore, we want to share some ideas to educate your children with an entrepreneurial mindset.

Teach them to save

To grow up with an entrepreneurial mindset, it is essential that children learn to save. But in order to do so, they first have to learn to know the value of things. Without a guide, little ones cannot know where goods, toys, clothes, or food come from. That is why the first years of life we ​​think that the objects and comforts that surround us appear simply because we ask our parents for them.

The next step is to teach them the concept of money: show them little by little what it is, help them understand that money is used to obtain something in return, that it does not grow on trees or can be magically created ... and that it is limited. With this, your children will gradually learn that each thing has a value and a price; and therefore, to manage money.

That is when it will be time to teach them to save; that is to say, to conserve money for the future. Many specialists in psychology and pedagogy suggest that children who know how to manage money and the importance of not wasting it will be better prepared for their adult life.

The first thing is that they learn by imitation, following your example. If at home they observe that you take care of things, save water, energy or objects that are really useful for family members, they will spontaneously take their first steps to save, and later they will understand the importance of making good use of money .

5 lessons to learn to save

Later, you can deepen their learning of saving by teaching them the following lessons:

  • Not everything you want can be obtained with money.
  • Everything has its price and the value of some things is not measured in economic wealth.
  • Your parents cannot have unlimited money, and it is very difficult to have all the money you want.
  • Many things want to buy only out of desire or whim and others are real needs.

Other ways to encourage savings are:

  • Playing board games together, like 'Monopoly', 'Cashflow', ' Financial Lottery ' or ' Financial Memory ', to name a few.
  • Buying or making the classic little pig so that they can keep their coins in it.
  • Implement recycling and garbage separation methods.

Help them to be consistent

In order to form an entrepreneurial mentality in your children, it is also important to forge in them the quality of perseverance. It is very positive that as they grow they know the benefits of finishing what they start and understand that taking their projects to the end is essential to achieve their objectives and fulfill themselves as people.

A very useful way to do this is to teach them and show them every day that everything is achieved with effort. At home, it is necessary for everyone to have duties, such as making their bed, putting away their toys, folding their clothes or lifting their dishes, for example. When they do, always try to acknowledge it and make them feel how valuable it is. You can also incorporate concepts such as reward or profit. For example, if in addition to their daily tasks they take care of something additional such as separating the garbage or sweeping a room, it is a good opportunity to give them a 'compensation' such as a candy, an additional hour of video games or another activity that they like. or a small amount of money for them to use as they prefer. 

If your children understand that constantly fulfilling obligations and creating good habits improves the quality of life, when they are adults it will be easier for them to start businesses and persevere until they become successful.

Show them how to be independent

Another of the fundamental qualities to develop an entrepreneurial mindset is independence. That is, the ability to take charge of their own emotions, needs, responsibilities, as well as the consequences of the decisions and actions that are carried out.

Although human beings are completely dependent on parents to survive the first years of our lives, over the years it is healthy to learn the behaviors and skills necessary to develop as an individual. That is why the sooner you start teaching your children to fend for themselves the better, because their personality will be reinforced and it will be easier for them to learn to do their things without depending on others.

In addition, if your little ones grow up with adequate independence, they will be able to perform with confidence and confidence in themselves at school, on sports teams, with their friends and therefore, in the professional field when they are older. All this will translate into skills to make decisions, solve problems and not depend on hierarchical superiors, rigid structures or the availability of the labor market to get ahead.

The entrepreneurial mindset starts at home

If you take these ideas into account and put them to the test with patience and empathy with your children, you will discover that it is not so difficult for them to grow up with an entrepreneurial personality and mindset. As always, your example will help them develop them naturally. When they are adults and reach their goals, you will know that these entrepreneurs were not born that way; you did them.