Familypreneur- The Six Key Steps to Raising Your Little Entreperneurs by Jean Pierre Rukebesha is one of the books that I have been reading. Based on the current global economic conditions for our kids to be able to survive and do well in their adult life would require them to have some enterprising genes so they can create their own opportunity to earn a living. Corporate jobs are getting far and few and salary from these jobs are not rising fast enough to keep up with inflation. There are no iron rice bowl jobs anymore where one can stay on for their whole live till retirement.
If one can connect their business to the kids education it will help ease them into the Entrepreneurial mode. Many parents focus too much on the educational development of the child and neglect introducing them to their business from young. Jean gives many case studies in her book that explain how some entrepreneurial companies thrive while the others go belly up when passed down to the 2nd generation. This is because many of the children did not cultivate the love and passion for the business which their parents had. Not all kids are cut out to follow in their parents footsteps however as seen in the case study on Thomas Edison. Only 2 out of his 6 kids became inventors.
To be considered as a person who has entrepreneurial spirit he has to exhibit the following characteristics
- Tolerance of Ambugity
- Self belief
- Rule-Breaking Attitude
It all starts from young. If the parent is able to role model the entrepreneurial behavior there is a higher chance that the child will follow after their foot steps and ensure the continuity of the family business. This is because the child is more aware of this option as a career. Parents have to actively introduce the ideal of business to the child and get them involved through identifying their passions and supporting them. Artistic talent that your child may have may be incorporated into your business through getting them to help design signs or even posters for your company.
Your child has to understand what you are doing, why you are doing it and how your business has impacted your life and his. This can be very beneficial to you in your business succession planning.
It is extremely cool for parents to include their kids in their business and give them the liberty to explore their talents and passions. I’ve seen many family businesses close down as the pioneers to the company force the leadership down to the parents and refuse to let go of the reins at the same time. The parent has to actively involve their child/children in their business so that they are able to discover the goals and values of hard work.
Understand the nature of the business that you are in why you are doing it while at the same time educating them on it will help in their overall holistic development. It also widens up their perspective about what having a job entails together while bonding with you at the same time.
I personally have considered starting up my own business in this current poor global economy and have read this book I have a clearer idea of how to get my kids involved fully in my passions and business en devours. Even though they may or may not take over what I am doing in time to come it still will help in their character development and make them better adults in the future.
Do get a copy of the book Familypreneur- The Six Key Steps to Raising Your Little Entreperneurs by Jean Pierre Rukebesha if you like me would like to raise your kids as entrepreneurs.
Disclaimer: I received a copy of this book for review purposes. All opinions are 100% mine.