Thursday, January 22, 2015

Are We Setting Our Kids Up for Failure by Not Allowing Them To Become Business Owners?

Jan. 22, 2015

Dear Cathy:
Ever since a business speaker came to our 3 kids school, who ages are 11, 12, and 13, they have nagged my husband and me about wanting to start a business.  Financially we are barely making ends meet and we are both ignorant to how business works.  If our kids could bring in some money, it would help the family out so are we setting our kids up for failure by not allowing them to start a business?  Financially strapped  
Dear Financially Strapped:
Yes you are setting your kids up for failure by not allowing them to look at the possibilities of becoming a business owner.  Because of the complete paradigm shift in most communities today, it's time to redefine the game of business ownership.  
Children must be looked at in new ways.  We can no longer operate like we did in the past.  Therefore, families must seek to become self-sufficient by starting a business or allowing their kids to become business owners.
Some of the reasons kids/young adults should open their own businesses include -- they should want to grow up into a responsible adult; they should want to grow up into a great humanitarian; They should want to help their family out financially; They should want to pay for their entire college education; They should want to improve the conditions in the community; and they have no other choice because of the economy.
Our youth will succeed at business ownership because they have the energy and vitality to make this work; They don't have the baggage that adults have; and adults will support young people.
My business book “The New CEO: 185 Easy-To-Set Businesses for Youth and Adult Entrepreneurs” lists 185 businesses in which your kids can choose from and "How To Take Control of Your Own Life: A Self-Help Guide to Starting a Business (Series 2)" is an easy-to-read self-help guide for youth ages 12 and above which will lead any youth, young adult or adult -- through the entire process of starting and growing their own businesses.  

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