Simpler Smarter Savings

Even from a young age, our children can be given the passion for entrepreneurial endeavors. Many of us want to be able to point our children in the right direction to be successful, even if we don’t necessarily want them to follow in our exact footsteps for whatever reason. We might recognize that our industry potential is diminished for the future, or we might understand that our children are already developing interests and talents that send them off in a direction completely different than the one that we have taken for ourselves. It should be no surprise that we can instill many skills into our children that can help them turn into successful entrepreneurs, even if they ultimately go into a field that we know nothing about.

The first foundation of raising entrepreneurial kids is to get rid of the employee vernacular. Children who hear parents talking about their jobs will assume that having a job is what “normal” is and grow into that normal. Kids that have parents that talk about business incubation or starting new endeavors will have children that see that as “normal”.

For instance, Summer festivals will frequently have many exhibitors selling things that could be of interest to children. Many of the more enterprising will have some sort of mobile credit card processing apparatus, either connected to their cellphone or laptop. This is a great opportunity to mention to children how much of an improvement these vendors with merchant accounts are compared to years past when all the vendors relied on cash transactions or accepting risky personal checks.

Talking to children about the vendors starting a business and growing something of their very own that the kids relate to (since they just had their faces painted or got a caricature portrait drawn) and explaining how easy taking payments through merchant account websites is can help children grasp that they can easily handle such tasks on their own once they grow up.

Fear of the unknown is a major cause of people not making the jump into starting their own businesses. Can I afford to start a business? What if it is too hard? By helping kids see that there are numerous tools available to them to make their transition into entrepreneurship easier, we can set them up to succeed.