Critical and innovative thought are two of the most powerful skills an individual can have. Companies spend millions of dollars each year scouting and hiring individuals who possess these skills. This is why acknowledging these gifts and talents in our children is so important. When a child possesses gifts many adults envy, it is crucial that we as parents learn to guard and guide our children as they explore and capitalize on their God-given talents.
As the CEO and founder of Raising a Mogul, I am surrounded by amazing children who are doing extraordinary things every day. In observing these brilliant young people and watching the way they change the perception of entrepreneurship in the 21st century, I begin to question the role we as parents play in the nurturing of these young change-makers. Since many of us come from a generation that was pre-conditioned to be employees, I question our capacity to support our children through this beautiful journey. How do we support them if we do not know what it is to be in their shoes? How do we guide them without the relevant information regarding a specific field of expertise, or simply the basics of entrepreneurship? How do we learn to adjust to the new reality of little people owning businesses and in some cases young CEOS employing people as old as their parents?
So your kid is a mover and shaker, a genius and a visionary. Let me save you time and energy, by letting you know that there is no template for this type of parenting. More accurately, there was no template, until now. As the mother of a young CEO who started her beauty brand at the age of 9, right in our kitchen, and turned that hobby into a million-dollar brand, I know that things to DO as well as the things NOT TO DO.
So the best way to begin is to research and immerse yourself thoroughly in the art of entrepreneurship. Take a business course, read as many books as possible to get an understanding of your child’s field. Research the courses your kid can take and enroll them. Find out if there are courses you need to do with your kids. Find your kid a mentor and find yourself a mentor as well. Do some mindset work, entrepreneurship is about clarity and faith. Do lots of research on the legal aspect of your kid’s business and make sure their best interests are covered. Make sure you know all aspects of a company: the financial, administrative, and legal.
Educate yourself also on the social and emotional parts of your child’s needs as an entrepreneur and not just the formal or corporate side of entrepreneurship. It may be a little hard for some of you to hear this, but I have got to let you know; not everybody out there will support your child’s career, nor will everyone be excited to see them prosper. So educate yourself on strategies for dealing with relatives and friends who would want to take advantage of a young and thriving entrepreneur. Sometimes, it is those close to home who can mess up your child’s business.
Most importantly, get into a group within parents who have kids that are entrepreneurs and exchange notes. And if you do not know of any groups, we have got you covered. Raising A Mogul Community for Parents of Kids in Business is a community filled with parent managers at all levels in business. We are building and supporting together. We are a family and the group is an excellent place to start. There is an African proverb that says, “it takes a village to raise a child,” we welcome you to this village, let us help you raise the most spectacular type of child; a mogul