At Cannan Business School, we care about educating kids differently that can actually make them stand apart. And that can start right from home by making a few conscious choices.
Here are the 5 ways, you could encourage your kids to practically learn some concepts outside of their regular schooling:
Reading newspapers, magazines and articles - Even though our mobile devices contain all the necessary information, it's important to remember that children imitate our actions without considering whether we're reading the Financial Times or simply watching YouTube videos. However, if you deliberately choose to subscribe to publications like FT or captivating magazines, youngsters will likely be inspired to follow suit. You can motivate them to peruse short sections from these periodicals, which might spark their curiosity for deeper exploration. Additionally, they could opt to create a scrapbook or journal featuring cutouts from the newspapers, serving as a reference they can revisit whenever desired.
Engage them in household communication - it's never too early for children to gain insight into familial dynamics. Developing financial intelligence in adulthood stems from emulating parental conduct. You can actively involve children in budgeting for the family by initiating conversations about the overall household earnings and expenditures. Familiarize them with the essential bills the family must settle, explaining the reasons behind these payments and the methods employed for their clearance. Encourage them to share their perspectives on potential strategies for reducing expenses, such as electricity or water bills. Additionally, you can arrange visits to a bank, allowing them to directly observe the procedures involved in depositing to or withdrawing from an account.
Promote their artistic creations on e-commerce platforms - This approach not only instills a sense of worth in your children for their creativity but also imparts the lesson that their creations have monetary value. Capture captivating images of their handcrafted beaded bracelet or exquisite painting, assigning a price for it on any e-commerce site. Even if an immediate sale isn't realized, this exercise fosters a sales-oriented mindset in kids, motivating them to explore innovative ways to entice potential buyers for their artistic masterpieces.
Encourage them to brainstorm eco-conscious startup concepts - the future world must be handled by today’s children. Unfortunately we haven’t passed on the best version of the world and we are leaving behind climactic crisis, global warming, etc for them to deal with. The best we can do is to make sure that they think of ideas that are eco friendly and doesn’t endanger the world even more. Empower them to think like a real world leader who would implement solutions to the existing crisis and how their ideas would make it a better place for everyone.
Buy toys that motivates selling & earning - If your children like toys, consider purchasing those that promote imaginative scenarios like simulating a business venture such as managing an ice cream parlour or a pizza shop. This role-play imparts an understanding of consumer dynamics and stimulates their creative thinking to devise strategies for attracting and retaining customers.
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