Remember when you were younger and you would ask your parents for money to spend on something? Most parents would respond with “I don’t have any money so go figure out a way to make some.” Little did they know, our parents were actually doing us a favor by turning down our request for help.
The children who were fortunate enough to hear this answer usually went out and created some type of entrepreneurial effort or project. This could have been a babysitting service, a lemonade stand, or a lawn-mowing service. While no one was planning on making millions of dollars from these endeavors, it provided enough income to satisfy the wants/needs of a 12 year old. The skills learned during this process should and could be worth millions of dollars to each of us now. Why aren’t they?
Every child who succeeded or failed with their entrepreneurship saw it only as a part-time activity until they could get a “real” job. If only they had realized that the most rewarding job (and usually the more lucrative one) was being an entrepreneur. Moving forward, our youth will need to make entrepreneurship a priority in order to keep the US globally competitive, while also helping to spur the economy and job growth. They have a great head start on the career field, now we just need to help them to apply their enthusiasm and newfound skills to a larger problem or startup. Try it while you are young, because once your older, trying anything isn’t so simple anymore!
Did you ever create a service or business as a kid? Was it successful? Why did you leave the entrepreneur industry and get a “real” job?