I Spoke To 70 Parents Of Highly Successful Adults – Here Are 4 Phrases They Never Said To Their Kids

Wouldn’t it be nice if your child became an entrepreneur?

Entrepreneurs, in my opinion, are not just founders of for-profit businesses. They are resilient, hard-working people who start something, come up with ideas and bring them to life, and turn passion into projects.

As research for my book, “Raising an Entrepreneur” I interviewed 70 parents who raised highly successful adults about how they helped their children achieve their dreams.

What I have found is that communication plays an important role in a child’s future entrepreneurial spark. Here are four phrases these parents never used when their children were young:

1. “I don’t trust you, so I went over your homework and corrected the mistakes for you.”

Parents all stressed the importance of responsibility and accountability. They wanted their children to take ownership, solve problems, learn from their mistakes, and be more confident as they grow.

But it’s not just about homework. John Arrow dropped out of college a few credits before graduating to start mobile health insurancea technology company that has generated more than $200 million in revenue.

When he was in fifth grade, he and his friends wrote a school journal, which sold out immediately. But they failed to verify the facts. The principal was furious and his friends got in trouble with their parents. But John’s parents laughed and told him to fix his mistakes.

“Knowing that my parents would support me, even when an authority was against me, made me double down and work harder to show them they were right to believe in me,” John said.

2. “We’re increasing your allocation so you can buy whatever you want.”

“Never hand out free money, one dad told me.

The parents I spoke to all came from a wide range of socio-economic backgrounds and taught their children the value of money. Even the wealthiest children had to work to spend money.

Nyla Rodgers is the founder of Mom Hope, a non-profit organization that funds and advocates for community organizations. When Nyla was in high school, she wanted to go abroad with her French class.

But instead of paying the full amount, her mother said she should earn half the cost of the trip. Left with no other choice, Nyla babysat, mowed lawns, walked dogs, taught swimming and entered data.

“I worked 15 hours a day, seven days a week to raise money. By the end of the summer, I had enough to go. That’s what started my entrepreneurial journey”, she said.

3. “No extracurricular activities until your grades improve.”

Many parents I spoke to did not understand their children’s passions, but they all gave them a lot time to dive into it.

Some children have pursued their passion in addition to being great students. Others put all their energy into their passion and weren’t so good at school. The parents supported them despite everything.

Jon Chu, director of hit hits like “Crazy Rich Asians” had a passion for filmmaking since he was in second grade. His immigrant parents ran a restaurant and they hoped he would achieve the American dream through hard work, but it never occurred to them that it might be in a movie.

In high school, Jon’s mother got upset one night when she found him working on a video instead of doing his homework. He started to cry: “But that’s what I like! I want to do this all my life.

When she picked him up from school the next day, she had some movie books she had picked up from the library. “If you want to do this,” she said, “study it and be the best.”

4. “I’ll give you money if you get good grades.”

Growing up, would-be entrepreneurs never learned that the purpose of life was to be wealthy. Instead, it was about succeeding, doing better, improving, and creating something great.

Parents understood that their children would never be happy if they did something they didn’t like, and that they would never excel at something if they didn’t work hard at it, and they would never work either. -stop if they didn’t like it.

So they raised children who put their passions into their businesses and created better products and services. The children were convinced that, in all likelihood, the money would come. And even if they didn’t, it would still be better than working hard on something they hated.

As a result, they grew up with a sense of purpose and a desire to make a difference in the world.

Margot Machol Bisnow is a writer, mom and parenting expert. She spent 20 years in government, including as commissioner of the FTC and chief of staff of the President’s Council of Economic Advisers, and is the author of “Raising an Entrepreneur: How to Help Your Kids Achieve Their Dreams.” Follow her on Instagram @margotbisnow.

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