Parenting Snafus, Part IV — Business is Life…

Whether a trade, a barter, a transaction, or a job, business is a part of life. Raising your kid should be no different. The social hierarchy that exists within a business is similar to that of a family. The same for allowances, chores, and the ideas of leadership and management. ¬†When building a business, you don’t want to treat employees as an expendable, but instead, as people with goals and aspirations. Vice versa, when raising your child, you have to realize that in order for them to be successful in life and to be the best that they can be, they have to understand that every transaction in life comes at a cost, and that every interaction in life will leave a lasting impression.

With the exception of familial support and love, raising your child requires a somewhat of a business approach to development. You would never “fire” your kid, of course, but reprimanding them for doing a poor job, creating incentives for them to do a better job, and building a path for them to grow in life are all important for them to survive not just in a business world, but in life. Being someone who is independent, but yet works well with others, is important for developing social, economical and survival skills that can take them much further in the world than someone who is raised in a less “paralleled environment”. Furthermore, teaching them to brand their individuality is also extremely important to further build themselves. Also, being able to quantitatively and qualitatively evaluate their financial and developmental position are key in being self-sufficient and ready to approach obstacles in the present and future.

One of the biggest things that can help in developing your child is the concept of leadership. In order to be successful in this world, sometimes you need to take charge. Understanding how to allocate resources, budget finances, schedule and plan events, account for risk and invest for the future is extremely important to ensuring that your child has the right tools to building their life. However, understanding how to follow directions, work with a team, supporting a leader and “filling in the gaps” that might be missing in a team, is also extremely important too. Both leadership and follower roles are necessary for creating a complete and unique person who will be able to succeed in the business world and in life.

Remember, training your child to be better at business translates to your child being more successful in life…

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