It doesn’t matter what your toddler might grow up to be, it’s never too early to start helping them get ahead. Teaching them business skills and encouraging them to be entrepreneurs aren’t things they will learn in school at any age or level.
Don’t get me wrong, education has a valuable place, but it’s missing out on key things like how to manage finances or how to develop your ideas into a successful company.
And with entrepreneurship on the rise (3 out of 10 American jobs are held down by entrepreneurs and their employees) there’s no time like the present to start working on those skills that not only can help prepare your child to be a part of this amazing self-employed world…you’re also going to be teaching them valuable life skills they can apply to other aspects of their life along the way.
My mom wasted no time in teaching me how to manage my money. She set me up with three piggy banks: one for college, one for the pony I desperately wanted to save up to buy, and one for money I could spend on things I wanted.
My mom required that I would have to split my money among my banks, and 50% had to always go to college. The other 50% I was free to choose how I wanted to allocate it.
She then gave me age-appropriate chores I could do in order to earn my own money. The operative word here is earned. If you just give your kids money, how the heck are teaching them to manage it? You’re not. You’re teaching them dependence.
Along with this style of managing your money, you’re helping your child learn what it means to save their money and invest it wisely into something they really want.
I cannot stress how important my mom teaching me this simple thing was. It entirely shaped my life, and quite honestly there’s nothing I love more than earning my own money to this day.
Another thing chores help with aside from money management? Learning responsibility. By having chores that your child has to complete in order to earn their own money, you’re teaching them to be responsible.
They have to show up and do the work in order to get paid, and that’s what the real world is all about.
The Art Of Routines
Instilling healthy routines at an early age absolutely helps contribute to success. Helping your toddler stay on a sleep schedule while following a set routine before bedtime (such as take a bath, brush your teeth, read a book, get in bed) will teach them how to form these healthy habits.
Another routine worth teaching is cleaning up and staying organized. Something as simple as getting them buckets to put their toys away in every day after they play can help them stay organized in other parts of their life as they grow, to say nothing of the fact that you need to be organized to succeed in business.
The Art Of Making An Effort
Anytime your child makes an effort and doesn’t give up while trying to accomplish something, make sure you praise them for that over things like how talented or intelligent they are.
Praising their effort making teaches them that they can rise to the occasion and overcome challenges they may face, while also encouraging learning and decision making.
We all know you definitely need to love learning new things and making decisions if you want to run your own company one day!
Bre is a female millennial go getter residing in New York. One part entrepreneur, one part geek, she obtained her degree in Textile/Surface Design from The Fashion Institute of Technology.
She has held some exciting roles in both fashion as a designer working for brands like Victoria’s Secret and Henri Bendel, as well as in ad tech working for publishers like Ziff Davis.
Today she operates her own luxury label Bre Avery, along with Chip Chick Media which reaches millions of women each month.
Bre is passionate about teaching women how to build a business and be an entrepreneur, in addition to keeping her readers informed of the latest technology trends and exciting products to improve their lifestyles.
You can send Bre a message here.