Whether it’s starting a lemonade stand or selling candy to classmates, kids usually reveal their entrepreneurial spirit at a young age. But even if your teen is not destined to be the next Elon Musk or Oprah Winfrey, they can still benefit from developing the mindset of an entrepreneur. In this episode we discuss raising a teen with an entrepreneurial spirit with mom and son entrepreneurs Tameka and Silas Montgomery.
We hear so many stories about amazing teen entrepreneurs with 6-to-7-figure businesses but how does it happen? What traits do these kids have in common and how did they develop them? What are their parents doing differently? To help us answer these questions and more we are joined by host of the Raising Entrepreneurs Podcast Tameka Montgomery and her 14-year-old son Silas.
In this episode we discuss…
- How to spot entrepreneurial traits in your kids
- How you can help them turn a passion into a business
- The difference between being an entrepreneur and having an entrepreneurial mindset
- The benefits of instilling entrepreneurial traits in your teen
- How to help your teen think like an entrepreneur and identify solutions to problems
- Why you don’t need to be an entrepreneur in order to raise one
- Why they don’t do allowance
- The benefit of teaching your teen to raise money for things they want
- How to know when your teen is really serious and committed to running a business
- Where to get help starting a business
- Advice to help your teen balance running a business with real life responsibilities
- Why money is not always the best motivation for starting a business
- How your teen could benefit from a business mentor
- Why you should not solve your teen’s problems
- How to boost your teen’s confidence
- Why entrepreneurship is the perfect way to teach your teen financial literacy
For more great tips on raising a teen with an entrepreneurial mindset, you can connect with Tameka on instagram @raisingentrepreneurspodcast. And check out the Raising Entrepreneurs Podcast wherever you get your podcasts.