Teaching children entrepreneurial skills through practical experience is one of the most valuable gifts a parent can give. I started a “Like Father Like Son General Contracting” business as a child, and now I’m guiding my own children – Brooklyn, age 9, and Cooper, age 6 – through similar ventures.
Entrepreneurial Traits
Entrepreneurs typically develop traits like passion for creation, belief in their goals, strong work ethic, and resilience. These qualities aren’t exclusive to business owners but are essential for them. The earlier children start developing these traits, the better prepared they’ll be for whatever path they choose.
Recommended Reading
Three books helped us get started:
- A Smart Girl’s Guide: Money – I read this with Brooklyn over two nights. It’s practical and accessible for kids.
- The Making of a Young Entrepreneur – Written by a 9-year-old, proving that age is no barrier to business.
- How Will You Measure Your Life by Clayton Christensen – A deeper read about aligning values with actions.
Real-World Programs
Gary Chau’s Orbital program in New York City challenges participants to build online businesses generating $1,000 in one month. Programs like these show what’s possible when young people are given the tools and encouragement to build something real.
Our Approach
I plan to set a $100 profit goal for my children’s entrepreneurial project. It’s an achievable challenge that will teach forecasting, product development, and business confidence. The goal isn’t just the money – it’s the journey of getting there and the skills learned along the way.
If you have book recommendations or resources to help other parents guide their children toward entrepreneurship, I’d love to hear about them.