Entrepreneurship: Why we need to teach it to our kids

Ever wonder what Mark Zuckerberg, Steve Jobs, Bill Gates, Richard Branson, and Larry Ellison have in common? They’ve all dropped out of high school or university to make their entrepreneurship dreams come true. Sure, it’s a risky move, but it seems to have paid off, right?

As parents, we want to encourage our kids to play to their strengths. And we want to help them develop into successful, well-rounded adults who are equipped with everything they need to live long and happy lives. But we don’t necessarily want them to quit school to learn what they need to learn.

And that’s why Money Savvy Kids was started… To educate young children on what money is and how to work with it – so they don’t have to learn the hard way.

After all, entrepreneurship is on the rise, both in South Africa and internationally. More often we’re hearing about the gig economy (where people will not be employed full-time but will work on different projects that require their skills as the need arises) and freelancing.

Not to mention the intimidating report released by the World Health Organisation predicting that as much of 60% of the jobs our children will hold in future don’t even exist yet. This also highlights the need for new solutions through entrepreneurship.

Even our deputy president, Cyril Ramaphosa, recently stressed how important it is that we teach children about entrepreneurship, as it’s one of the sectors with the most growth and promise.

As parents, we all had algebra (for example) as a subject while we were in school, yet we hardly use it now. Imagine if the schooling system taught us to do our taxes instead. Now that’s a life skill we would actually use!

Don’t we as parents owe it to our children to equip them with entrepreneurship skills and enrol them in programmes like Money Savvy Kids and fast track them to success?