How to Raise Your Kids to Be Entrepreneurs

Did you know that Steve Jobs, Ted Turner, and the three founders of Netscape are bipolar?

This is an amazing video from a TEDx conference, Cameron Herold on how to raise your kids to be entrepreneurs.

If you do not want your kids to become an employee, watch this video!

Key Lessons to Raise an Entrepreneur

Don’t waste a penny: Cameron threw a penny into the road and his father made him go into the road and pick it up, he said, “I work too hard to waste a penny.” Teach your kids the value of money.

Allowances teach kids the wrong habits: Allowances teach children to accept a regular paycheck. Instead, have them figure out ways to make money themselves.

Have your children tell you stories: Don’t tell them stories every night, have them tell you a story. It uses their imagination, creativity, and critical thinking skills.

Make your children speak in public: An entrepreneurial trait that is highly needed!

My husband has been speaking on stage since he was thirteen. I asked him how hard it was to learn, and he said, “I didn’t realize it was supposed to be so hard then. I knew it was scary but so are a lot of other things when you are thirteen. I just did it.”

Cameron also suggests that we shouldn’t medicate kids for attention deficit disorder, bipolar or depression unless it is really bad. He said that bipolar is nicknamed the CEO Disease, and a lot of great things can come out of a different way of thinking.

Hope you enjoy the video!

 

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Hi I’m Jaime. Each and every week I bring you the top business advice from the people who know best.

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9 responses

  • As someone who has dealt with bipolar disorder in their family, you need medication. Yes, it makes you creative, but it also makes you destructive and depressed. The entrepreneurial benefits are far outweighed by the personal negatives.

    I really like the idea of having your kids tell you stories…that’s really smart.

  • Thanks for that info. I don’t know anyone with bipolar, but I can completely understand that the benefits of having a business are lower than being sane for your family. He actually says that in the video too that if it’s really bad you should have medication.

    I had no idea that Steve Jobs or Ted Turner have bipolar. Wonder if they take medication for it?

    We just started to implement the story idea with my 3 year old. Apparently he can only tell us a story if he has a book in front of him. So now we have him read a blank book 🙂

  • That blank book thing is adorable! I remember my little sisters couldn’t tell you a story without having a book in front of them…even if the book in front of them was upside down, lol.

    • I wonder why that is! Maybe we train kids to have books in front of them for stories. 🙂

  • Great post, Jaime!

    I actually got more value out of Cameron’s follow-up post than his TEDx talk even though some of the content overlaps. It made me realize that I was raised to get a job.

    http://www.backpocketcoo.com/blog/just-start/tedx-took-me-to-another-level/

    As for his thoughts on bipolar though… he’s definitely more Tom Cruise than Dr. Sanjay Gupta and should probably be taken with a grain of salt. 🙂
    .-= Dave Macdonald´s last blog ..Working Hard and Corporate Culture =-.

    • I love it! I can see the Tom Cruise point. Good way to put it!

      And thanks for that link. I think I was raised being told to work for myself, but all I saw was everyone with a job.

  • I always wanted to become a very successful entrepreneur so i studied to become one.-‘,

  • “In order to succeed you must fail, so that you know what not to do the next time.” – Anthony J. D’Angelo

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