Thursday, July 5, 2012

Do you want your children to be Entrepreneurs?

So as some of you know, I do some marketing/writing/social media on the side for a firm that does business advising. We are all about propelling small businesses, getting them structured, and pushing those entrepreneurs to their full potential.  One of the fun things I get to do for them is blog once in a while.  Below is one that I wrote the other day.  Thought I would share it with my social circle as well.  I hope you find it thought provoking and enjoyable :) ---


I read an interesting article today, entitled "How to teach your kids to be Entrepreneurs." The document embodied the idea of reaching out to entrepreneurs and showing them commonalities that research had found amongst entrepreneurs, and encouraging them to cultivate the qualities in their children's lives so that they could one day also become entrepreneurs. One particular quote really started to turn my wheels: "In other words, if you can't grow up to become Bill Gates, it's not so bad to be his entrepreneurial father William H. Gates, Sr."

It got me thinking, so the first choice is to be a Bill Gates, and then in comes second to be an entrepreneur? Last I checked, there are many hugely successful entrepreneurs, and that while it will certainly require hard work, the reward can easily be huge as well. I began to mentally answer the question of if I would want my (possible) children to be entrepreneurs. The immediate answer was well of course if I would. It doesn't even seem like a question. To me the word 'entrepreneur' brings ideas to mind like opportunity, determination, thinking outside the box.  All positive notions.  But I suppose there is the other side to it, where being an entrepreneur can be a challenge, and maybe not always one that is comfortable. Some days there may be struggle, financially, or just trying to figure out your niche in the world of business.  But then, isn't anything worth having, worth working (hard) for?

And then I got to thinking, this really is the time for us to teach the next generation the way to thinking outside the box, to question business norms, to search for opportunity.  As the article suggests, it all starts during child development. Who they become, how they think and problem solve.  We are seeing now more than ever companies having to cut short their benefit packages.  Or maybe you don't get any sick days until after a year of employment. Many outside sales jobs who used to pay gas, and dare I say a company vehicle, now communicate that these are just the nature of the job and you make what you make despite the expense. With these current economical challenges in the business world, it does seem that entrepreneurship could be the key to opening many new doors and opportunities. To solving a lot of problems. I suppose the question is, will we step up to the challenge and show our children the entrepreneurial way?