Taking Risks

Entrepreneurship is all about taking risks. You have to be comfortable with taking chances – some will pay off and others won’t – but either way you will learn from the experience. Being comfortable with risk taking is something children can start learning early on.

There are any number of great exercises to encourage your child to take risks. Here is a simple example:

Create a jar with slips of paper, some for chores and some for rewards. Allow you child to swap a chore he or she is responsible for with a drawing from the jar. By participating in this activity, your child will be take a risk – one whose outcome may be a reward or it may be an additional chore.

Be creative with it! There are even Risk boardgames or online games that can be effective tools in teaching this lesson. Let us know what worked for you!

If you don’t risk anything, you risk even more – Erica Jong