You want to help your child, student or mentee become confident and resilient, especially as they start and build their own business. But how do you start showing your child or student how to develop these important life skills?

Check out three ways parents, teachers and mentors can teach beginning entrepreneurs to be resilient.

What is Resilience?

Resilience is the ability to continue or keep going while dealing with problems and challenges. People refer to resilience with other words such as grit, determination, a “can-do” attitude, among other terms.

  • Show them how to be honest about their talents.

It’s tough to be resilient if you think you’re performing below standards, especially if you’ve set unrealistically high standards for yourself.  Without guidance from parents, teachers or mentors, young entrepreneurs fall into the trap of thinking that success has to equal perfection.

To tackle these harmful thoughts, parents, teachers and mentors can help inexperienced business owners develop a realistic look at their own strengths and weaknesses, as well as an understanding that everyone makes mistakes.

  • Know when and how to help a child’s business.

Entrepreneurs of all ages sometimes need help with their businesses. But how do you know when to give them a hand — and what to offer?

The first step is to simply ask a new entrepreneur if he or she wants help with his or her business or with a specific problem or issue relating to the business.

If they say yes, brainstorm ideas with them and help them look for resources.

  • Be a good example of resilience.

Beginners learn about resilience and other life lessons by watching the more experienced people saround them. So, pay attention to how you deal with situations that don’t go your way.

Let the new entrepreneur in your life see how you manage it and also not beat yourself up or insult because of the situation.

Final Takeaways About Teaching Resilience

Resilience is built over time, with practice and with exposure to different challenges and problems. Keep these three tips in mind while building resilience in young entrepreneurs.

  1. Help your child, student or mentee be honest about their skills.
  2. Know when to step in and offer help.
  3. Be a good role model of resilience.

Remembering these tips will help you set up your young entrepreneur for success in their business and in their life in general.

Photo by Alex Shute on Unsplash

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