Every child has the potential to be great, it is the job of parents to create an environment conducive to such situation. Child! The word itself brings along hope, aspiration and dreams. While we tell them a lot of things on a daily basis in order to make them better human beings in life, it also becomes our prime responsibility to inculcate entrepreneurial skills in them as early as possible.

Having said that it is the first and foremost duty of any parent to develop entrepreneurial qualities in them. Who knows, may be these little people might turn out to be great entrepreneurs in future. Fostering these skills early on will pay dividends in the years to come. We have compiled 10 Must have entrepreneurial skills that parents should develop in their kids.


1. Perseverance and Resilience

Life is full of uncertainties and setbacks, and developing a persona where failures keep our children unruffled and they can still gather their courage and hope and move forth in life is very important. In order to inculcate this skill, let your kids express themselves, their thoughts and their perceptions. Never minimize their feelings just because they are kids. Let them vent out all their feelings both negative and positive and then help them distinguish the right ones from the wrong. This will build their resilience and make them perseverant, which are the traits essential for a great entrepreneur.

2. Innovation and Creativity

Entrepreneurs need to be innovative and creative. They should be problem solvers, because only then can they understand what they should venture into. So, take them off that TV and let them play. It’s when kids play, that they engage all their creative energies. Make sure that the games they play are versatile and not just limited to PC or mobile games. Creative thinking is most important for a kid to become an entrepreneur par excellence in future.

3. Hard Work and Industriousness

There is no substitute whatsoever to hard work. And the earlier we understand that in life, the easier it is to inculcate this virtue. No matter how high they rise in life the biggest entrepreneurs never shy away from getting involved in the day-to-day grind. To build strong work ethics in future, it is very important to make children understand the importance of hard-work and industriousness. Parents should build these ethics in children by giving kids tasks to complete and responsibility for getting things done.

4. Curiosity and Inquisitiveness

Encourage your kids to start new hobbies and pursue their interests. Try having Technology free outings with your kids to museums and activity centers. This develops the much needed curiosity and inquisitiveness among children, which is an essential element to identify ways to add to it.

5. Self-confidence

Believing in your capabilities is the key to a successful life, hence, encourage your kids opinions and let them make decisions. This will give them the much needed push to take risks and see things through. Hence, it is important to let them make their own choices and learn from their own experiences.

6. Empathy

The skill of being able to empathize with others develops leadership qualities in children. Being able to understand and relate to other’s problems helps children develop positive connections with others and this in fact is a great skill that some of the biggest entrepreneurs possess.

7. Optimism

Optimism is contagious, so be a role model for your children and share positive stories and experiences with them. This will inspire them and cultivate in them the feeling of gratitude and will encourage positive thinking among them. This positive thinking is what helps entrepreneurs to imagine a better world and means and ways to make that happen.

8. Giving Back

Encourage kids to help out around neighborhood. This helps the children to develop a giving nature, which in the long run will encourage them to indulge in corporate social responsibility.

9. Financial Literacy

Teaching children about money and the value of it at an early age will build a financial foundation in them, which no other school will ever teach them.Give your children the opportunity to earn their own money through chores, their own small business, and helping you in your business. Teach them about paying themselves first and then giving back. Educate them about investing and how their money could be used to create more money in the future. Help them set up a bank account and learn about how to budget their income.

10. Understanding goal and opportunities

Teaching children how to set and accomplish their goals is a vital part of building the entrepreneur in them. Not just that, along with setting goals, it is important that kids know how to recognize opportunities. Teaching your children to seek out opportunities and take action on them, will directly contribute to their level of future success.


About Author

Shivani Pandita

Shivani is an avid reader and loves to pen down her thoughts on paper in the most creative ways. She is more on the eccentric side, but it is this obscurity and uniqueness that makes her stand out. She has a passion for photography, travel and music. She strikes a thorough balance between intelligence and creativity and has a solution oriented approach to any problem at hand.

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