Being an entrepreneur is no easy task and can present many learning experiences. According to Harvard Business School, entrepreneurs are often viewed as innovators who identify a problem or opportunity, then develop a solution no one else has recognized. Whether you are a stay-at-home parent managing your household or a business owner, they both have very similar values and principles. Below are a few values and principles that entrepreneurial parents can teach their children:
- Teaching Hard Work Principles. When a parent models a strong work ethic, you are sending the message that you must work hard to achieve your goals. Mind you, I did not reference perfection; it does not exist. Embracing the highs and lows of entrepreneurship illustrates persistence and resilience.
- Working as a Team. When a child works in groups, this allows them to see their own strengths and weaknesses. Also, many studies show that encouraging teamwork in children can result in the ability to socialize, collaborate, and the ability to solve different problems that come up later in life.
- Responsibility. Engaging children in some way can instill a sense of responsibility in them. Creating situations where they have a deadline or meet a goal is a great way to encourage children to follow through with tasks. Children love to help and by offering verbal praise or rewards, you enhance their self-esteem and autonomy. It is important to show our children that they matter and make them feel that they are making a positive contribution.
- Financial Responsibility. Educating our children on budgeting, spending, saving, credit, etc. is a crucial life skill. Again, this principle is one of those things where you must practice what you preach. Practicing money management is essential. Incorporating small habits into your routine can prepare your child for the future without consuming much time.
Hillary Aponte-Chimelis, LPC, PMH-C, R-PLC
4641 Pottsville Pike, suite 101B
Reading, PA 19605