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Little Moguls

Unlock your child’s potential

Instilling entrepreneurial ideas in children will help them become successful adults, revealing their true talents and abilities, creating independence within them and helping them learn to adapt to numerous situations.

Kids need to learn how to manage their own strengths and weaknesses. Many children are afraid to fail because they feel they are letting their parents down. Failure is good. All of the successful people in history have had many failures. Failure is just feedback letting you know how to modify your plan. It is a stepping stone to success, and it can only be failure if you don’t get back up and try again.

As children grow, they need to learn how to deal with change. Changes in circumstances, cultures and religions help our children to adapt in society. We can’t give our children a blueprint for life, but we can teach them coping skills. Your children’s skills and abilities will be their most valuable asset throughout their lives.

Skills are behaviors in which we increase our knowledge, and abilities are natural talents. Understanding what skills and abilities they have and what they need to reach their dreams is an important component in your child’s career development.

From childhood, your child will develop skills that will be transferred as an adult. Emotional skills, such as self-esteem, sociability, integrity and empathy, integrated with the educational skills of reading, writing, mathematics, speaking, creativity and decision making will prepare them for adaptability within the corporate world. Many studies have supported that the faster children develop skills the better they do with testing.

Once you discover their true talents and passions, it is easy to help them start a business. There are many businesses suitable for children. Educating children and teens about employment or entrepreneurship has astounding effects. It teaches time management, assists in learning to follow directions and builds leadership skills. Studies show discouraged teens often grow up to become discouraged adults. This affects their confidence level in the workforce.

In teaching children entrepreneurial skills, they learn effective ways to communicate. Today, technology has limited our children in verbal communication. One area to enhance communication is to teach masterminding. This is very effective and utilized by many adults; therefore it can be effectively implemented with children.

It is placing a group of five or six likeminded children together to meet once biweekly for one hour. Meeting places can vary. They begin by each taking one-minute to say their win for the week and then move on to challenges. Each child presents a challenge they are facing and the group assists by providing feedback. Designate a timekeeper so the meeting does not exceed one hour and to ensure each child has a turn.

This assists the children with problem solving and holding one another accountable. It reinforces communication and interpersonal relations. Masterminding enhances friendships and helps them balance the highs and lows. It assists with creativity and establishes motivation and persistence. It also teaches them how to set and reach goals, which is imperative in promoting entrepreneurism within children.

Teaching them to be persistent requires that they will be definite in their decisions, and that requires courage. It is a state of mind; therefore, it can be cultivated and with persistence comes success. When we speak of success, most people think of adults. If you begin applying the success principles in children, you teach them how to succeed at failing.

Persistent action comes from persistent vision. When you define your goal and your vision remains exact you will be more consistent and persistent in your actions. That consistent action will produce consistent results. Remember to teach your children the difference between the person who fails and the one who succeeds is the perception they have. It is seizing an opportunity and acting upon it, unlike the person who allows fear to dominate his abilities.

By teaching children how to become entrepreneurs and unlock their true potential, they learn:

  • Talents, abilities and passion
  • Setting and reaching goals
  • Gratitude and developing solid friendships
  • Persistence and motivation
  • Creativity and visualization
  • Communication, problem solving and interpersonal relations
  • Intuition
  • Entrepreneurial skills

Peggy Caruso, an NLP master practitioner and advanced hypnotherapist, is a certified executive and personal development coach, an entrepreneur with more than 22 years of experience and the author of three books, including her latest, Revolutionize Your Life, Revolutionize Your Child’s Life.

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