The New Zealand Herald
10 tips to help budding entrepreneurs
1 Encourage kids to come up with ways to earn money rather than giving them an allowance for doing nothing.
2 Teach them to spot opportunities and go for it.
3 Share stories and talk about ideas at the dinner table, ask their opinion even if it’s about a Trade Me sale.
4 Encourage youngsters to set up their own micro-business, whether it’s a cupcake stand, selling kindling or, for teens, developing a new app.
5 Help them to draw up a simple business plan, including how they will pay back any investment adults have made.
6 Failures will happen so help them identify what they have learned. Encourage them not to give up.
7 Try not to tell your child why something won’t work.
Help them find a way that it will.
8 Talk to your child’s school, even at primary level, to find out about entrepreneurial programmes and be the nagging parent if you find them lacking.
9 Don’t do your child’s project or solve their problems. Instead, make suggestions and ask them “what do you think?”
10 Encourage curiosity and creativity.