Our kids hate us…when we don’t give them money. Oh sure, we pay of their schooling, sports, and other school-related activities, but we are determined to require them to work for their recreation money. All three of my boys have worked for me from time to time.
So, when I came across Barbara Haislip’s article, How to Raise en Entrepreneur, it rang true with lessons with business strategy and tactics:
- Encourage your kid to start a home spun business: For those of us that are fed up working for some else, why not think about starting a new business? Go through the steps and take a calculated risk. You may never be happy if you don’t try. Develop your business strategy, and then the tactics that you will need to achieve your goals. See http://www.ricknorriscpa.com/blog/business-finances/buiness-plans-and-strategy-living-on-a-hope-and-a-dream/
- Don’t let kids get too comfortable: As a business person, if you are not growing, you are dying. Without a business strategy, you are going nowhere real fast. Likewise, without business tactics, you may know where you want to go, but may be “doing donuts” instead of getting there.
- Help kid’s recognize the world is full of buisness opportunities: In your business, think creatively about your industry. Opportunities show themselves at some of the mots unusual places. The most basic business strategy has a SWOT analysis. Opportunities is the “O.”
- Teach your kids in their sports to be a leader and team player: As an business leader, you must learn how to lead and encourage without intimidation. Good to Great by Jim Collins shows us that a screaming ego maniac CEO may create a successful company, but it does not usually survives the CEO’s departure because underlings are abused into acting. In your business strategy, you must share the vision. In your business tactics, you must adjust your course and measure your success in acheiving you objectives.
My message is obvious, your business strategy and tactics tools are things you may have learned since you were a kid. Tap into them and allow your creativity to