My First Million One Question Friday: How Will You Teach Your Kids To Be Entrepreneurial?
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Aug 5, 2022 The discussion dives into nurturing young entrepreneurs by emphasizing hands-on experiences like door-to-door sales and gaming. It highlights the significance of developing an entrepreneurial mindset, encouraging children to embrace challenges and think critically. Personal stories showcase the transformative power of inspiration and diverse experiences in shaping entrepreneurial perspectives. Finally, innovative teaching approaches underscore resilience and adaptability, fostering essential skills without explicitly labeling them as entrepreneurship.
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First Dollar
- Shaan Puri realized that despite accolades, his startup hadn't made any real money.
- They challenged themselves to earn their first dollar, selling customized wristbands.
Foundational Do's and Don'ts
- There's no rush to push kids into entrepreneurship; focus on mindset, skills, and experiences.
- Show them the world is changeable, not fixed, and that they can shape it.
Praise Effort, Not Traits
- Focus praise on effort and resilience ("You figured it out!") rather than inherent traits.
- Highlight how admired figures achieved their goals through effort.