Entrepreneurship is a very popular topic these days, because entrepreneurs enjoy a high position in society because of their big ideas and goals and their pursuit of these goals. But children? Is this possible?

The skills required to be an entrepreneur include (but are not limited to): hard work, effective communication, and resilience after disappointment, all of which serve adults regardless of their profession. It is for this reason that learning entrepreneurship from childhood can be beneficial for children from a young age.

The article aims to show the benefits of learning entrepreneurship in children and how it can serve them in their future lives.

Entrepreneurship skills are a supernatural toolkit for children, equipping them with the qualities they need to succeed in real-life situations. Here's how these game-changing skills can be for your child as they grow:

1- Creative thinking helps children find innovative solutions that they can apply to real-life situations inside and outside of work.

2- Learning to assess risk helps children understand when it is worth risking something, and when the risks are too high.

3- Learning how to use available resources is a life skill that children can apply to anything.

4- Budgeting and money management help children learn financial responsibility.

5- Planning and project management helps children learn how to set goals, stay organized, and focus their thoughts.

6- Learning from mistakes helps children build perseverance and resilience and have a learning mindset and growth for life.

7- The leadership skills that children need to move from an idea to launching a business include communication, confidence and life skills that they can apply to anything they do.

Learning these skills through entrepreneurship even from starting a simple business means that the child takes responsibility for his learning, learning to adapt and face challenges that he can apply to any life situation whether it is learning a new skill, facing the job market, changing careers, or connecting and understanding people from different cultures or walks of life.

The primary benefit is that your child will learn basic practical work skills with every attempt. Whether his first attempt succeeds or fails, that's not the point. The important point is the learning that comes from this process. By finding a business idea, your child will find focus and vision. Thinking about a brand name and logo will help him determine the focus of his business and what makes it stand out. He will also set his goals and will have to work to achieve them. He will have to develop the product or service from his original idea. If it's a product, such as selling lemonade or biscuits, they'll need to know how to make the product, and whether they can learn the skills to make it themselves. If he or she is providing a service, such as dog walking, lawn mowing, or tutoring, he or she will need to identify the skills and equipment he will need, such as being good with dogs or having a lawn mower or computer. He will put his math skills into action. For example, your child will need to think about the cost of the product, development and business setup, as well as the value of their time, handling payments, and profit margins. On the other hand, to move from the initial idea to the launch, your child will learn project management skills. They may need to make lists – of the steps they will have to take to reach their goals and launch their business – as well as organization. He will think about things that don't work, review them, and try again. He or she will likely use communication skills (written and oral) to tell others about his work, show it to potential customers, and build relationships.

Summer is the perfect time to help your child start a small business. Propose it as a thirty-day action challenge to help inspire them. The more your child is interested in seeing and following them, not seeing someone else (such as seeing a parent), the more they benefit from this process. Help them start brainstorming; when they find something that suits their interests, skills, and the customer's desire or needs, keep the idea on a list. Encourage your child to make their business dream as realistic as possible, which means something they can do with minimal help. Here is a basic list of steps needed to start a business:

• Product or service: what problem it solves or the need it meets (learning by solving problems).

• Trade name and logo.

• Product development: how the product will be manufactured or serviced.

• Marketing: How customers will know about your business.

• Financing: What is the cost and what profit will you make?

• Timeline: When will it launch? And how long will it last?

There are a lot of small business ideas that children can develop. It can be services such as: pet escort, garden care, babysitting, tutoring, cleaning, errands, reading aloud, gardening, or cleaning the environment. It can also be products such as: friendship bracelets, hair or fashion accessories, jewelry, artwork, garden decorations...

Helping your child achieve their vision and learn to take the initiative teaches them a wide range of practical and life skills that will help them in any project they undertake later. This will help him to participate and control his learning and vision. It will also help him build confidence in his dreams and take action. His project may take a lot of effort. It may fail, be funny, frustrating or exhausted. It may work, and be exciting. But in any case, it will help your child grow and have confidence.