Advantages of Teaching Entrepreneurship For Kids Every parent endeavours to provide a unique education to their child. It is their responsibility to make available a form of education that allows them to succeed in life. Hence, they make beelines for the best schools and co-curricular activities for their kids. Entrepreneurship Transforms Children Into Leaders. It is often said that leadership cannot be taught. It can only be learnt. But, that’s not entirely true. There are a lot of skills which lie at the core of entrepreneurship, and can be taught to them. Making student entrepreneurs is not only possible, but also a great way to ensure that your children are ready to face the world. Quite often, parents choose to give their children every tiny thing the latter demand. This leads to poor financial knowledge because children don’t learn about the allocation of resources. When they are young, it is easy to fulfil every need if the parents have the means. But such children often grow up to be mollycoddled, and never learn how to face difficulties in life. Hence, it is much better that kids are taught the art of handling finance at an early age. This lesson lies at the core of learning entrepreneurship. Armed with this knowledge about managing finance, children can apply this to both their day-to-day life and their business models. Another thing that kids learn when they attempt to learn entrepreneurship is a good work ethic. When you are directly involved and heavily attached to your idea and business, you tend to out sweat and blood in trying to succeed. Hence, this helps them develop the habit of taking the initiative and working hard. Other things besides the point, creativity is probably one of the most important things your child will learn. Above everything else, entrepreneurs need to be highly creative thinkers. When the founders of one of the Reputed Airline Company were running losses and weren’t able to secure investment from venture capitalists, their credit card bills were piling up week after week and success wasn’t visible on the horizon. That’s when they decided to design cereal boxes called ‘Obama O's: Hope in every bowl!’ and started selling them on the Internet for a very high margin in order to put themselves through the tough time during starting up.
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Another great medium to encourage creativity is to send your kids to courses for coding for kids. Coding is often said to be one of the best mediums to learn creativity. There are a lot of online and offline resources for this, and it can be learnt individually at home or in groups. Although, learning code in groups is best for kids, especially through a lot of visual means and games. Scratch Jr and Scratch are the most popular mediums used in coding classes for kids. They are developed by the MIT and a lot of research is put behind designing them such that kids can gain maximum advantage from them.
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