4 ms·

I love this idea, but you need to nurture the entrepreneur in your child before giving them the money. Like a lot of people here, I have a decent degree from a

by osrec 9y ago

I love this idea, but you need to nurture the entrepreneur in your child before giving them the money. Like a lot of people here, I have a decent degree from a good university; I can confirm that it hasn't given me much more than a foot in the door for my next interview. Most of the academic knowledge I gained, I could have learnt by myself (in fact that's what I did, even at university), and a lot of it is now redundant. In some ways, I feel a university education was a fairly bad use of my time and money. After uni, I got a "good" job, was hugely unsatisfied, saved some money and then started my own company. I cannot stress enough how difficult it can be to find direction when doing your own thing. As a kid you're used to living within a fairly bounded, directed framework. When you have to define your own direction, it can unsettle you. Make sure your kids are comfortable with finding their own way - it's not just about making them independent, but also about developing an intelligent work ethic (which I believe is the key characteristic of a good entrepreneur), and being comfortable in the midst of uncertainty.

20years 9y ago
"you need to nurture the entrepreneur in your child before giving them the money." This is key imo. Even if it means starting small little business type things like selling candy at school. Teach them how to keep track of profit/losses/expenses, how to recognize opportunities and how to test the waters before jumping fully in. I do this with my 13 year old son. His most successful business so far has brought him $4500 in revenue. I don't call it entrepreneur training or even training at all. He doesn't even really realize he is learning. It is something fun we do together and he has tasted what it feels like to make his own money. It has allowed him to save and buy his own things. When he graduates from high school, I won't push him one way or another (college vs entrepreneurship). I will leave that up to him but I hope at least I will have given him a little taste of entrepreneurship so he can make his own choice when the time comes. I will also heavily encourage him to work a few jobs at other companies first. That in itself is a huge learning experience.

by osrec 9y ago

20years 9y ago

"you need to nurture the entrepreneur in your child before giving them the money." This is key imo. Even if it means starting small little business type things like selling candy at school. Teach them how to keep track of profit/losses/expenses, how to recognize opportunities and how to test the waters before jumping fully in. I do this with my 13 year old son. His most successful business so far has brought him $4500 in revenue. I don't call it entrepreneur training or even training at all. He doesn't even really realize he is learning. It is something fun we do together and he has tasted what it feels like to make his own money. It has allowed him to save and buy his own things. When he graduates from high school, I won't push him one way or another (college vs entrepreneurship). I will leave that up to him but I hope at least I will have given him a little taste of entrepreneurship so he can make his own choice when the time comes. I will also heavily encourage him to work a few jobs at other companies first. That in itself is a huge learning experience.