4 Reasons to Teach Kids Entrepreneurship Principles

May 9, 2015

10:00 pm

Getting children involved in school and learning could be as easy as teaching them how to be entrepreneurs. The skills learned in starting a business are the same ones that make people successful in life. Children have the chance to build communication and organization skills, learn how to be a leader, and how to self-promote, but they also learn much more. Here are some reasons why it's never too early to teach children some basic entrepreneurship principles.

1. Encourages Free Thinking

(Flickr / stevendepolo)

Recognizing and fostering entrepreneurship in children encourages free-thinking and helps them gain self-confidence in their ideas and abilities. Understanding and applying the principles of entrepreneurship helps children realize the outcome of their efforts, unlike that of introducing chores, which are parent-directed. When people raise their children to be entrepreneurs, they learn to try and they get to see a measurable outcome of their efforts. They also learn that they will fail sometimes, and that’s okay.

2. They Learn Basic Business Practices

Even if the child’s startup is nothing more than a lawn-mowing business with his or her parents as the sole customer, understanding basic business practices has its perks. Basic business practices like understanding what ideas earn money; knowing the expenses of running day to day operations; and discovering the importance of goal setting can help children become more productive adults. They also learn financial literacy; how to recognize opportunities; when to risk something today for a later gain; how to budget; and how to save.

3. Introduces Them to Different Technologies

Starting children in entrepreneurship early also means introducing them to different technology solutions that they would otherwise not have access to. As classrooms become increasingly centered in the technological world, this gives kids a chance to learn about technology they would never see outside of playing games – educational or otherwise. Moreover, an increasingly large number of teachers are focusing on integrating technology resources into the classroom. Some schools, like NSU Online, offer teachers the ability to specialize in technology integration as part of the Master of Arts in Teaching and Learning curriculum, because technology is becoming so integral to the classroom. When children understand technology from multiple angles, they can use it more effectively and efficiently.

4. Instills Social Good Values

Children who learn how to make money, also learn how to give back; they learn good citizenship. Being a productive citizen is just as much about being able to be fiscally independent as it is about staying humble, helping others, and learning to take even big successes in stride. Being a young entrepreneur also demonstrates how to be involved with other people and one’s community while still taking care of business, both in-school and outside.

Teaching, technology, and startups are all related. Teaching children about entrepreneurship helps foster self-confidence and independence. It gives them a chance to stand on their own merit while teaching them the type of money management and organizational skills that lead to being a productive adult. In addition, introducing children to business concepts and helping them put those ideas in action also provides a way for children to learn about technology and the interconnectivity of apps without focusing on games.

Hailey Robinson is a recent graduate with a degree in journalism. Now that she isn't face-first in books, she is trying to travel as much as she can. She writes in her free time between fixing up her new house and teaching people how to live a longer, healthier life.

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Hailey is a recent graduate with a degree in Journalism. Now that she isn't face first in books she is trying to travel as much as she can. She writes in her free time between fixing up her new house and teaching people how to live a longer, healthier life.