enterpriseforkids.com

Inspiring kids to be entrepreneurial.

How Do Entrepreneurs Think?

September 19th, 2012

In an earlier article we spoke of charitable entrepreneurs such as Bill Gates, Warren Buffett and John Templeton. They, together with other wealthy people,  have extraordinary stories to tell about their entrepreneurial journeys. Some will tell you that they dropped out of school or were dyslexic and struggled with reading and writing. Others came from homes of poverty and then there were those born into wealthy entrepreneur families. Although they differed in their backgrounds and circumstances, what did prevail is that they all thought in a similar way. It is not circumstance that creates an entrepreneur, it is a mindset!

What we’ve come to understand is that for our family to become economically and personally free we need to throw out our conditioning around money and then reprogram our subconscious minds with a new success money mindset. The wealthy know this and have either been fortunate to have developed such a mindset from their upbringing or they have discovered for themselves (either consciously or unconsciously), a new way of thinking.

It is a fact that around 3% of the population actually do live a life of economic and personal freedom and the rest of us don’t (yes, we are definitely in that bracket). So what do the minority do that is so different to the rest of us?

More to the point… how do entrepreneurs think!

Before we look into it, consider this…

Whether we like it or not, we are being conditioned constantly to think a certain way about money. We are conditioned by our family, schools, advertising, politicians, TV and friends. Most people are tied to their jobs and to debt because the conditioning that they have received favours a money mindset of “lack”, not abundance.

Do any of the following resonate with you? …

“Money doesn’t grow on trees”

“Money is the root of all evil”

“You’ve got to work hard for your money”

“Get a good well paying job and you’ll be set for life”

“Buy a home, it will be your best investment ever”

“We can’t afford it”

“What job do you want to do when you grow up?”

“Go for the cheaper ones”

Only this morning I was listening to a friend talking with his teenage sons. He told them that they needed to get jobs. He explained that he had a job pushing shopping trolleys at their age. He even went down to the local IGA Supermarket and picked up applications for them to apply for jobs.

When I was fifteen I started out with a casual job working at a Target store. My hourly rate was $2.90 an hour!

All of the above are examples of conditioning. It is now known that much of our conditioning has been locked into our subconscious by the time we are four years old.

Our schools are designed to prepare workers for the work force; our banks make money by selling debt to people; our Government collect taxes and require people to be needy, submissive and controlled. They want people to take up jobs that only just pay enough to get by. Retail businesses make money by selling, so they condition us to spend; and our big businesses need workers to build their businesses. You see there is definitely a design to all this madness!

What our family has discovered is that our money mindsets are changing. We are learning that it is OK to accept money and to have money. In fact we deserve money!  It is OK to offer something of value to others for payment. Working hard in a job is not the only pathway for young people entering our big world.

There are other ways….. ways that will allow young people to really follow their passions and dreams and allow them to make a big contribution to whatever they consider to be important! Wouldn’t it be fantastic if all our kids could achieve economic and personal freedom!

People who have achieved financial freedom through being entrepreneurial have a mindset of abundance. Their habits differ and they do think differently.

Rather than me attempting to point out and explain “How Do Entrepreneurs Think” and go about their lives, I’ll instead refer you to, what I believe to be, one of the most influential books of all time in pointing the way to personal and financial achievement.

“Think and Grow Rich” by Napoleon Hill was originally published in 1937. The author spent his life studying successful people and recording how they think and act. He himself became very wealthy by following the distinctions in his own book and by modelling himself upon his mentors.

Think and Grow Rich is pre-eminently a “what to do” and “how to do” book. In it you’ll find the magic of self direction, organized planning, auto suggestion, master-mind association, an amazing revealing system of self-analysis, detailed plans for selling your personal services, and a wealth of other understandings from experiences of successful people who have proved their value.

The thirteen steps to riches described in this book offer the shortest dependable philosophy of individual achievement that has literally changed thousands of people’s lives!

This book could be worth a million dollars to you and your kids!

Cathy is currently re-writing Napoleon Hill’s book. The book she is writing will be suitable for kids to read, with simple explanations and modern examples that they can better relate to. It is a work in progress and once finished you’ll be the first to hear about it.

The original Think and Grow Rich book can be downloaded from the internet for free. Click here to download your copy today!

We would love to hear your comments on “How Do Entrepreneurs Think?” Please leave us a comment below. In our next Enterprise for Kids edition we will check back with Amber, Kit and Chayse to see how their enterprising businesses are going.


An Entrepreneur’s Conscience!

September 10th, 2012

Is Having a Money Mindset Charitable?

 

Yay! Enterprise For Kids Rock!

I was talking with a dear friend and asked what she thought of our Enterprise for Kids blog. She thought that it was very well done and that her kids were very inspired by our kids’ enterprise experiences. Her children had read every blog post and watched every video, then her nine year old daughter sat down and planned an enterprise following all the lessons we talk about in our blog.

Wow!

That is exactly the sort of inspiration we hope to develop, especially with kids.

What happened next was a real surprise to me!

 

What! I have to give it all away!

My friend explained that she didn’t mind the idea of enterprise, but she wasn’t OK with her kids having an enterprise where they make money for themselves.

I was a little taken back when my friend said this. I really had never thought that there would be people with the view that kids shouldn’t be making money for self interest. I was also grateful that my friend was frank in sharing her beliefs as it helps me better understand mine.

Firstly there is no right or wrong in what people believe or do. Everyone is entitled to their views and I respect my friend’s view.

After this enlightening conversation, I came to realize how far our mindset around money has changed since we started out on our journey in search for economic and personal freedom. It also had me thinking about the entrepreneur’s conscience!

Wealthy entrepreneurs think very differently to the rest of us.

Generally I would also say that they are not selfish; although I’m sure there are some who are, like there are selfish poor people as well!

Wealthy people would have persisted with their goals and taken certain risks to get to where they are now. Many of the wealthiest entrepreneurial people in the world are also very charitable and give millions away supporting causes they believe in. It is much easier to be charitable when you are rich! Many who are struggling to make ends meet do not have the time, energy or money to make larger contributions to the world.

Bill Gates

Warren Buffett

John Templeton

 

 

 

 

 

 

 

 

 

 

 

Bill Gates, for example, employs many people to spend his money on charitable causes! Warren Buffett, who has lived in a very modest house all his life, gives away billions to charity! And Sir John Templeton (1912 – 2008) contributes $70 million each year through his foundation providing research grants and programs relating to the Big Questions of human purpose and ultimate reality (very interesting if you have the time to delve!).

Only last week I was speaking with a new entrepreneur friend who lives in Perth. He has recently created tremendous wealth developing property mostly in the Western Australian mining town, Port Hedland. He explained to me that he no longer needs to work and he now channels his energy into his passion. He is planning to take his young family to America where he has enrolled in a Theology university course. From there he plans to do mission work in Africa. Being a successful entrepreneur is allowing him to follow his charitable dream!

It could be argued that entrepreneurs, as opposed to the rest of us “workers”, have more free time, are less stressed, enjoy better health, eat better, travel more and their families are given more opportunities in life.

Do the rich have an entrepreneur’s conscience?

Probably more so than the rest of us!

The difference being is that they are in a much better position to make a real difference in our world than those of us who are tied to a “job” and to “debt”.

I’d like to thank my friend who allowed me to consider my views of an “entrepreneur’s conscience”.  I certainly value the importance of teaching kids enterprise, and I do support the view that enterprising kids should also be taught to be charitable.

Our view also is that a child has to walk before they can run…..meaning that for us, it’s OK for our kids to have a “selfish” goal because that is what motivates them at the time to take action and learn the entrepreneurial skills necessary to succeed. Then, when they have mastered that skill, they are taught to have a goal, but think about where they may like some of the money they earn to go. That is exactly the process we taught our Chayse (who’s 4) and Kit (who’s now 7) when they reset their goals. See this in action in an upcoming blog.

The more entrepreneurs we create the better our world will be!

 

As we revisit our own kids entrepreneurial journeys in this blog, we will share the lessons around their entrepreneur’s consciences and how we are teaching them to be charitable.

Next time we will talk a little more about the conditioning we have around money and how the wealthy do think differently.

Keep this discussion going by sharing your view in the comment box below.

Lastly, I’d like to take this opportunity to remind you about the Gold and Silver Seminar that we are holding in Bunbury this Sunday. It will be an informative presentation that will open your eyes to some excellent investment opportunities. The discussion after the seminar is a great way to meet and network with other investors and business people. Bring along your teens to kick start their financial education. Click Here to view our flyer and please pass it around to others who you think may be interested.

enterpriseforkids.com

Inspiring kids to be entrepreneurial.