People say it’s “never too late” in kidpreneurship we say “it’s never too early”

Do you find it difficult to explain to your kids what an Entrepreneur does?

We’ve all heard the stories of kids starting businesses at young ages. It’s a tempting scenario: Your child develops a passion for something, turns it into a business, and before you know it, they’re supporting you in your not-so-old age.

It doesn’t always happen. that way, but the number of young entrepreneurs is rising, and more of them are more visible than ever. And many ultra-successful business people started young. Here are some of the ways you can empower you kid to build an entrepreneurial mindset.

Watch their passion.

If there’s one thing kids have in abundance, it’s passion, and that’s how most kid-run businesses get started. Encourage their passion, but direct it in such a way that it’s productive by fueling their curiosity in simple, engaging, creative activities.

Be supportive

If your child is going to be an entrepreneur, he/she needs to do the work — the good, the bad, and the ugly. Don’t gloss over the difficult parts, like managing the money or dealing with dissatisfied customers. If you only let your child do the ‘fun’ parts, they’ll be in for a nasty surprise as they move toward managing the business on their own in future.

Let your child make the decisions:

You can. point out things they should be thinking about, and help them evaluate the pros and cons when they’re faced with a dilemma. But the final decision should be theirs.

Share your knowledge and Expensive

 If you’re a business owner yourself, tell your child what you learned and what you would do differently if you had it to do over again. Then, stand back, and let them use that information the way they see fit

Teach them the skills

Children at an early age acquire most of their skills at home and school. This varies from time management all the way to better communication, you know, soft skills required for success later when they grow up.

Invest in what they like (not what they’re bad at):

A mistake parents usually do is that they try hard when it comes to developing what kids hate instead of investing in what they naturally love — you never know, your kid might turn out to be a an artist or a creative designer for apps. A well-balanced educational diet is crucial especially in the early years, so do not overlook what your kid is passionate about.

Conclusion:

There’s no reason for them to wait until they’re 20 or or 25. With the right guidance and help from you, they could join the ranks of teenage — or younger — entrepreneurs.

Join us in Botwana Gaborone from 14th-16th August for the biggest Kidpreneurs Show in Africa.

For Inquiries, sponsorship or partnership email abigaelkabugho@kidspreneursuganda.com or Contact Us