Should all kids become entrepreneurs? In today's episode, hosts Chad Willardson and Scott Donnell discuss how kids can learn to think, act, and live like entrepreneurs.
They cover fun and engaging ways children can learn about entrepreneurship, lucrative businesses to start, and the skills needed for future career success.
- Scott starts the conversation by explaining why kids should be taught how to dream, act, and live like entrepreneurs.
- Chad and Scott believe that not all kids can become entrepreneurs - but thinking like one is probably one of the best skills you can teach a child.
- Scott reveals the ideal starting point when teaching kids how to become entrepreneurs.
- According to Scott, all kids have to learn the art of value creation and how to put something into the world that is useful to others.
- Scott reveals the tremendous impact The Children's Business Fair has had on kids worldwide.
- Scott breaks down the three foundational steps of a great pitch.
- Chad explains ways kids can learn how to develop viable business ideas.
- For Scott, the best way to find meaning in life is to solve problems for yourself and those around you.
- Scott describes why profit is not a bad thing - it's the lifeblood of every business and the reward for putting your capital at risk.
- Scott believes kids are far more likely to overcome laziness and negative self-doubt when they feel valued and of service to others.
- Chad explains how learning to pitch can help your kid overcome being introverted and socially awkward.
- Chad and Scott define price testing and how kids can learn to do it correctly.
- Chad talks about business opportunities for kids that are way better than lemonade stands.
Mentioned in This Episode:
The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy
gravystack.com/smart
smartmoneyparenting.com
Scott Donnell on LinkedIn - https://www.linkedin.com/in/donnell-scott/
Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
