Teaching Tool of the Month: Kidpreneurs
Every month we are highlighting one teaching tool that has our stamp of approval in helping parents or grown ups put the FUN in teaching the fundamentals of finance.
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Book: Kidpreneurs
Author: Adam Toren and Matthew Toren
Age Range: 6 to 12 years old
This month we highlight the book Kidpreneurs as a great way to have fun with the kids while also teaching them a lot about entrepreneurship. The book is written by Adam Toren and Matthew Toren who are entrepreneurs themselves and were inspired to create something that didn’t exist when they were growing up.
Overall, Kidpreneurs is a fantastic resource for parents who want to instill an entrepreneurial mindset in their children. For this reason, the book is our Teaching Tool of the Month for March.
Book Details
So, what exactly is Kidpreneurs? It's a book that's aimed at kids between the ages of 6 and 12, but it's also useful for parents who want to learn more about entrepreneurship themselves. The book is full of practical advice and real-life examples of successful kid entrepreneurs who have turned their passions into profitable businesses.
From an organization standpoint, Kidpreneurs is divided into three main sections (10 chapters total): The Mindset of a Kidpreneur, The Skills of a Kidpreneur, and The Action of a Kidpreneur. Each section covers a different aspect of entrepreneurship, from developing an entrepreneurial mindset to coming up with a business idea to launching and growing a business (the book ends with a section to actually complete a short business plan).
Each section builds upon the one before it taking your kids step by step through the process of building their own business. There are sidebars for learning key entrepreneurial terms as well as mazes, quizzes, and challenges along the way. The book weaves in stories and explanations while also acting as a workbook for the kids (so be sure to read the book with a pencil).
What We Loved
One of the things we loved about this book is how it breaks down entrepreneurship into simple, easy-to-understand concepts. For example, in the first section, the authors talk about the importance of having a "can-do" attitude and a willingness to take risks. They also discuss the value of perseverance and the idea that failure is just a learning opportunity. We would argue this type of mindset is invaluable for any young child.
In the second section, the authors delve into the practical skills that kids need to develop in order to be successful entrepreneurs. These include things like brainstorming ideas, creating a business plan, marketing and sales, and financial management. While this may seem daunting, information and tasks are presented in a fun and easy to understand way.
The third section is all about taking action and actually launching a business. The authors walk kids through the steps of setting up a website, creating a social media presence, and even getting their product or service into stores.
Throughout the book, there are also plenty of inspiring stories and examples of types of businesses your kid can create if you can’t think of any ideas yourself.
How Does Kidpreneurs Approach Teaching Entrepreneurship?
So, how does Kidpreneurs teach about entrepreneurship? One of the things that makes this book such a great teaching tool is that it uses real-life examples to illustrate key concepts. Kids can see how other kids or businesses have turned their passions into successful businesses, and they can learn from some of these examples.
The book also includes plenty of practical exercises and activities that kids can do to develop their entrepreneurial skills. For example, there are brainstorming exercises to help kids come up with business ideas, and there are financial management exercises to help kids understand the basics of budgeting and cash flow.
Another thing that makes Kidpreneurs a great teaching tool is that it's written in a friendly and accessible tone. The authors use language that kids can easily understand, and they don't talk down to their audience. Instead, they treat kids as capable and intelligent individuals who are capable of achieving great things.
Final Thoughts…
Overall, while entrepreneurship may not be for everyone, we think it is vital for all kids to learn the three main ways to earn money.
If you are a parent who wants to give your kid a basic understanding of entrepreneurship from an early age, we would highly recommend Kidpreneurs (if you are looking for more ideas around how the kids can earn check out our free 15 ways for the kids to earn tool on this page).
Lastly, should you want to go beyond the book, Kidpreneurs has a full academy to take you child through the process of creating their own business with more resources. Who knows? Maybe your child will be the next great kid entrepreneur!
