Entrepreneurship In Children: Why It Is Important

By Chin-Undram Odsuren

Is entrepreneurship nature or nurture? No one has a definitive answer yet; however, future workforce trends and the ever-changing world require an entrepreneurial mindset. Teaching your children to be innovative and versatile to flourish in our current world is especially important. Learn why it is important from this article!

There is no denying that the future of the workplace will be different than what we are accustomed to. No one knows what our children are going to face. While it seems daunting, we have a possible solution! Developing entrepreneurial skills in children during their formative years yield great results in raising successful adults. They develop adaptability, creativity, a growth mindset, and many more good qualities crucial for the unpredictable future.

Benefits of early entrepreneurship study

1.Growth mindset. Trusting oneself to start anew after a setback is what pushes someone to succeed. There is no bullet-proof plan and there is no one successful that has never failed. It is important to realize from a young age to understand failure is part of the journey, not the absolute end. Children who learned this are more likely to try out new things and discover their talents. Parents can help their kids by allowing them to be curious and encouraging them to try out new but scary hobbies.

2. Creativity. It is undoubtful that people have the highest creativity when they are younger. Successful people not only have the discipline to follow through but they also nurture their creativity. In the future, we will face never-seen problems in the social, environmental, and economical spheres; the ever-changing nature of the future will require people to be as creative as they can get.

3. Self-motivation/discipline. Have you ever started a new years resolution but ended up forgetting about them within a month? If there is one thing successful people do not do, it is not finish everything they start, like the example.

4. Versatility. A study by PWC concludes that only 10% of the workplace will be full-time with the rest being flexible contracts. People with versatile skills will benefit by making use of the flexible manner of working.