Training Children To Become Entrepreneurs

by cmoneyspinner

At what age should one begin to encourage the entrepreneurial spirit in children? Matthew and Adam Toren believe it's never too early.

According to freedictionary.com, a proverb is “A short pithy saying in frequent and widespread use that expresses a basic truth or practical precept.” Here is a much quoted proverb about raising children. Quoted often and debated even more often.

"Train up a child in the way they should go and when they are old they will not depart from it."

Advice from King Solomon, revered as one of the wisest men in the world and credited with having been the author of most of the proverbs in the Old Testament book appropriately entitled "Proverbs".

Though the sage monarch was not specifically speaking with respect to money and finance, who wouldn't want to direct a young bright mind and train them how to be financially savvy and make sound money decisions? Matthew and Adam Toren have written books on how to direct these developing minds.

Oh wise king! I totally catch your drift.

The aforementioned quotation from Proverbs chapter 22 and verse 6, is my lead-in to introduce others, especially young parents, to two websites published by Matthew and Adam Toren who have walked the walk and can surely talk the talk!

YoungEntrepreneur.com

KIDPRENEURS.ORG

Young Entrepreneur

As of November 2013, Young Entrepreneur, a social networking forum, has a Facebook page with over 125 thousand Likes. Each admiration acknowledgment has no doubt been earned and is deserved.

 

YE showed up on my radar back in March of 2011 when they shared the success stories of teenagers who participated in the Junior Achievement Program, a non-profit organization that educates youth about business and economics, with the aim of paving a path to enable young people to make positive contributions to the real world, by teaching them how to generate wealth, effectively manage it, and give back to their communities. In a more recent article the spotlight was on a child entrepreneur with a “passion for food and business”.

KIDPRENEUR

KIDPRENEURS motto is: "It's Never too Early!"

It's never too early to encourage young entrepreneurs with big ideas!!!

KIDPRENEURS was featured on NBC News (see video below). Their Facebook page is almost 4K strong. If it hasn't already been done – Sesame Street or similar educational television programs for children, should incorporate a "KIDPRENEUR Segment" in their shows.  That's my humble opinion.

The Brothers Toren

Matthew and Adam Toren are brothers who understand that teaching a child about sound money management is a critical part of training up children in the way they should go, along with teaching them about compassion, kindness and social responsibility. They started their entrepreneurial adventures when they were elementary school age (about 10 years old).

Can they get an “AMEN!” from all the wise and loving caretakers of young hearts and minds?

5 Ways to Teach Your Children to be Kidpreneurs (Infographic)

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Entrepreneurs, Investors, Award Winning Authors

Publications by the Toren Brothers
Kidpreneurs: Young Entrepreneurs With...
Business Plus Media Group LLC
Only $12.95
Entrepreneur
Entrepreneur Media Inc
$59.88  $8.99
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Advice for Life to Kids

(And Adults too!)
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Financial Strategies Gleaned From Proverbs

Not by the Torens But Also Suggested
The Richest Man Who Ever Lived: King Solomon's Secrets to Success, Wealth, and Happiness

In this short, powerful book, multimillionaire and bestselling author Steven K. Scott reveals King Solomon’s breakthrough strategies to achieve a life of financial success and p...

Crown Business  / $21.00  $6.21

View on Amazon

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Like the Intro Image Photo?

Next Time You're Invited to a Costume Party, Go as a Kid Entrepreneur. :)
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Only $2.45
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Thanks for Stopping By!


Sometimes I stumble.  Sometimes I tumble.
Sometimes I just collect my thoughts!

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Updated: 08/09/2014, cmoneyspinner
 
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frankbeswick on 05/13/2015

Parents should encourage their children to seek their goals and have the confidence to achieve them. Encourage freedom and confidence. Help your children to identify their skills, and be prepared to be surprised by skills that you had not thought they had.

Always be aware that we work best and are at our most creative in activities at which we are happy, so help your children to find their happiness, and don't think that just because something makes you happy your children will find it a source of happiness. In my long, now completed time in teaching I have encountered some cases in which parents were imposing their own ambitions on their child, and this affects both boys and girls. No good ever comes of it.

Of critical importance is to let children find their individual path, rather than take the path that brings status to the parent. I have seen the damage that this causes.

CruiseReady on 05/13/2015

So glad to see this, and hope many parents of young children see it as well. The entrepreneurial spirit is no small part of what made America great. We can't afford to lose that in future generations.

cmoneyspinner on 03/24/2014

@WriterArtist - Pish posh! This article isn't about kids. I'm just trying to sell those Lisa Loeb eyeglasses. :) http://youtu.be/9Z_H11F7WDI

Thanks for commenting. Couldn't agree with you more.

WriterArtist on 03/23/2014

Appreciate the tips from this article. I believe every kid is different and can be an entrepreneur in his own way. There is a need not to push them too much. The burden of studies and the pressure from parents is tremendous, they need to be understood and appreciated.

cmoneyspinner on 02/26/2014

@SidewalkPhilosopher - I loved the Red Skelton TV show! And I love your friend's quote. Great attitude! Thanks for stopping by and letting me know you were here. :)

SidewalkPhilosopher on 02/26/2014

My friend, John Calvert, was an Entrepreneur in every sense of the word. At the age of 8, he discovered his interest in entertaining and slight of hand. He was a good student in school and he promised his grandmother he would go to Methodist Seminary before he entered the world. He did so and preached for a time but discovered that was not his calling. So, he went to Hollywood where he got into the movies, making a couple. He doubled for Vincent Price. But he still knew his first love was slight of hand. He began to be invited to the homes of the stars of that era such as Judy Garland, Katherine Hepburn, Gary Grant, etc., getting to know them by doing his humble slight of hand act at their parties. Next, he purchased a large sailing ship and took them on cruises for their parties. During the war, he purchased a plane and got his pilot's license, carrying the stars on USO tours throughout Europe. After the war, he and his wife, Tammy, moved to Africia for two years, owning two tigers and a chip named Jimmy as pets. Next, they moved to Hollywood and began a show called Magicaroma on Broadway that ran for 50 years. I met John when he was 89 at church. He was grandfather to my foster children and he and Tammy wonderful, supportive friends. When he found I was no longer singing because, in my 50s, my voice was no longer what it used to be, he told me if he had my attitude, he'd be dead. At that time, he was doing volunteer shows in Florida to raise money for organizations. He then asked me to sing during the intermission of his shows which I did and I am still singing in the area at 63. When he realized my husband was a smoker, he told him that it would be a shame if John outlived my husband...Bill quit in 2007. John affected the life of everyone he met until his death in September 2013 at the age of 102. I miss him terribly! I have only scratched the surface of his amazing life. You can find his video at http://www.youtube.com/watch?v=e3Z2K_... or just go into John Calvert on Google. In watching his videos, I realized I had seen John on Red Skelton when I was 16 but, of course, had no idea then whom he was. His career spanned 8 decades but, for me, he was simply "my friend," and a true Entrepreneur. When asked how to live to be 100, he said: "I get up every day and live the life of a young man!" Then he smiled.

cmoneyspinner on 02/22/2014

@Tolovaj - Thanks for the thumbs up!

Tolovaj on 02/22/2014

You are right, it's never too early, but on the other hand I have seen a lot of parents who push their kids too much. I am all for financial literacy and entrepreneurship if things are done in kids' own pace, in a playful way and with some constructive criticism. Thumbs up!

DerdriuMarriner on 12/31/2013

cmoneyspinner, I like that: "persistent stubbornness". :-)

cmoneyspinner on 12/28/2013

@ologsinquito - Thanks! Looking forward to 2014? I sure am.


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