Kidpreneur Child

Has your son or daughter ever approached you saying, “I want to be an entrepreneur"? Probably not. However, little Alex or Emma probably has approached you with a gigantic expense in mind -- think the newest smartPhone,...

And one thing you'll surely notice, as your child makes that pitch for the desired object, is that all his or her attention is focused on that one thing, with nary a thought of who gets to pay.

Well, you do, of course. But you also have a choice here: Buy the desired item and be done with it. Or help your child pay for this or future goodies by helping him or her become a successful kidpreneur. (only four months 'til Christmas!)

If encouraging entrepreneurship hasn’t been your system in the past, maybe it's time you took your kid by surprise. Because, never fear, you’re doing him or her a great favor.

"That's a super-cool thing you want!" you'll need to cheerily reply (practice in front of a mirror to perfect your presentation). "Let's think of a way you’ll be able to earn enough money to buy it!”

Then, once you've elicited the most important ingredient for your kid to become a successful kidpreneur -- motivation -- you'll be ready to help him or her with the following seven practical Next Steps.