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If you've got a kid who's into entrepreneurship, you may want to consider raising him or her in an " entrepreneurial household."
That's according to Aaron Ramon Miller, who owns a contracting business with his wife and five kids in Clarksville, Tenn.
"Children growing up in such an environment are exposed to the realities of business owners: the highs of success, the lows of failure, and the everyday grind," he writes at Entrepreneur.
"They witness firsthand the dedication and effort required to build and maintain a business," and they're encouraged to think outside the box when it comes to solutions to problems.
"Financial literacy is crucial skill for any entrepreneur, and children in entrepreneurial households have the advantage of learning about money management from an early age," he adds.
"Simple activities like setting up a savings jar or discussing business expenses will allow children to understand the value of money and how it plays a role in achieving goals," he continues.
"Encouraging Innovation and Creativity thrives on innovation and creativity," he adds.
"Children in such households are encouraged to think outside the box and come up with creative solutions to problems....
When a business faces challenges or setbacks, discussing these situations with children and explaining how to overcome them helps instill a sense of
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A customized collection of grant news from foundations and the federal government from around the Web.
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