Entrepreneurship Industry News

Why Every Parent Should Want Their Kids to Grow Up to Be Entrepreneurs: 17 Reasons

Child entrepreneur
Science says your oldest child is likely to be a CEO, and your younger kids are likely to be entrepreneurs. That’s good news for your younger kids — not only is being an entrepreneur the only way to get really, really rich, becoming an entrepreneur is the best way for your kids to live a live where they get to fully express their talent, their creativity, their ideas, and their skills money.

In short, becoming an entrepreneur is the best way for your kids to live their professional lives the way they want.

But aside from the chance to control their own financial destinies, why should you want your kids to become entrepreneurs?

1. Because they will have a calling — not just a career.

Anyone can build a career; all you need to do is a land a job to find your life’s work.

Relatively few get to build a business from nothing — and make it their life’s mission.

2. Because they don’t want to find themselves living the wrong life.

Unexamined decisions, unforeseen consequences, drifting along with the current…. It’s easy for people to end up in places they never would have chosen. And then feel trapped.

And, late at night, often wonder what it would be like if their lives were different.

Entrepreneurs don’t wonder — at least not for long. They wonder, and then they go find out. And that’s because …

3. They can pursue their own definition of success.

Maybe it’s money. Maybe it’s status. Maybe it’s power.

Or, more likely, it’s living life the way you want to live — and in the way that makes you as happy and fulfilled as possible.

4. Because they won’t be afraid to dream.

And they’ll learn not to be afraid to fail.

And most importantly, they’ll learn not to be afraid to succeed.

5. Their happiness will come from seeing others succeed.

The best way to do that? Be in a position that helps other people succeed.

6. They can prove they really are good enough.

Everyone faces criticism. Many people naturally decide to prove those people wrong. But along the way their motivation will shift. In time, your kids won’t care what other people think.

Then they won’t be trying to prove other people wrong.

They’ll just be trying to prove to themselves that they are right, because they are the only people whose opinion truly matters.

7. They won’t care about doing the expected thing; they’ll only care about doing the right thing.

And to do that, they have to be in charge.

8. They won’t have to choose from the best available option.

Instead, they’ll get to decide what is the best possible option, and then go and make that happen.

9. They’ll create a better life for their children.

The best way to do that? Set a great example — by showing they believe in themselves.

10. Their earnings will only be limited by their talent.

Work for others and they decide what you get to make.

Work for yourself and you decide, through your effort and perseverance and ingenuity, what you can make.

11. They get to ask, “Why not me?”

Entrepreneurs don’t assume wildly successful people possess special talents or gifts from the gods. Entrepreneurs look at successful people and think, “That’s awesome. They succeeded, and I will too.

“People do great things every day — so why not me?”

12. They will get to look back at a life lived on their terms… instead of at a retirement watch.

That watch? It means you served a company. A life well lived means you served others and, by so doing, also served yourself.

13. You will get to be remembered.

But not just for what they did; more importantly, they will be remembered for the kind of person they were — and the way they made other people feel.

14. They’ll ensure effort trumps politics.

The only way to ensure politics doesn’t play a part is to run your own business — and build a company with a culture you and your employees love.

15. They’ll gain the only currency worth earning: Merit.

Seniority, corner offices, fancy titles: They’re great. But they are also often given (and not always to the most deserving).

Accomplishments are always earned.

16. They’ll get to explore the last unexplored territory.

Which is awesome, because new discoveries are out there just waiting for them.

And, most important…

17. They’ll be something most people want to be.

They’ll be entrepreneurs.

Read more: Inc