Saturday, April 14, 2012

Financial IQ: Is your kid a future Entrepreneur?

Cover of "Car Wash"Cover of Car WashFinancial IQ Philippines Quick Hit(s):

Interesting article.  I know several friends who started buying and selling various items even while they are still studying during their elementary and high school days.


Watching your child carefully will help you spot the traits that could lead them to a successful life as an entrepreneur later.


So what traits should you look for?



  • They’re easily bored playing with Jimmy down the street and would rather sit with Grandpa. Do you find your son bored with playing with other kids? Watch his behavior around other children and adults. If they show more interest in what is going on in the adult’s world and tend to ask questions about their environment around them, you may have the makings of a child entrepreneur on your hands.
  • They think beyond their age. For example, do they connect the dots between business and consumer relationships that kids their age don’t? Do they see past the salesman in front of you and have an idea of what he’s going to benefit from you?
  • They’re constantly developing new ideas for projects. You may even find them having trouble shifting from idea to idea without completing the first. A child entrepreneur may start a baseball card business and before the idea has had enough time to fully evolve, he’ll be on his way to selling t-shirts.
  • They have a better grasp of the concept of money at an earlier age. Your entreChild may understand how money works and what you do with it far beyond what Susie, Jill, Michael, and others of the same age understand. He may not have any qualms about waiting a month before he’s earned enough to get that Super Deluxe Hot Wheels Racetrack with Working Car Wash because he understands that money takes time to earn and knows that with the next paycheck, his due will come.
  • They focus on money and monetary issues. Is your daughter constantly on the lookout for ways to make more? She may seek ways to earn more for her next Barbie Dream House, complete with jacuzzi and Barbie car or ways to save more for the designer dress she has her eye on.


http://moneyning.com/kids-and-money/is-your-child-a-born-entrepreneur-heres-how-to-tell/
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