At Elite Scholars STEAM Academy, we aim to empower our students to explore a variety of career options, and utilize their unique vision to become contributors, innovators, and entrepreneurs. If you are a business owner yourself, you may be particularly interested in fostering an entrepreneurial spirit in your child. Even if your child doesn’t end up starting their own business, there are many benefits to encouraging the qualities of independence, creativity, and ambition that an entrepreneurial mindset creates. In addition to enrolling your child in our Fairview Heights learning academy for a STEAM education, here are some ways you can encourage entrepreneurship in your child.

Use failure as a teaching moment

When you are starting your own business, you can’t fear failure. You will likely have to try and try again; therefore, it is crucial that you are able to recover from the disappointment of failure to rise again. How you react when your child fails will set the stage for how they will react to failure for the rest of their lives. Therefore, don’t do anything that would discourage them from trying again, such as yelling at them, putting them down, or taking over for them. Encourage them to learn from their mistakes and try again.

Encourage them to earn money

Of course, your child cannot go out and get a job, per se, but there are other ways your child can learn the pleasure of earning their own money. For example, older children may be able to work as a mother’s helper or babysitter. Other ideas include starting their own lemonade stand, or selling a craft they like to make. If they are too young to sell things outside the family, consider paying them yourself with an earned allowance. Making the association between hard work and earning money will give your child the itch to do more.

In our next blog, we will continue to go over some tips for raising entrepreneurial children. In the meantime, when you are ready for your child to benefit from a STEAM education, learn more about our Fairview Heights learning academy here.