With PowerPlay Young Entrepreneurs, parents play an integral role in the exploration of entrepreneurship, money management and social responsibility. While teachers facilitate the program, parents enhance the learning experience for their children through meaningful homework assignments.
PowerPlay Young Entrepreneurs has created a free online course to help parents work through the PowerPlay program with their children. The course consists of six short video guides to help with topics such as product design, offering a loan to your child, and the importance of giving back to the community.
If your child is currently working through the PowerPlay program, or will be in the future, access the free online course here.
The parent of a child starting out with the program may be wondering about a few things. Questions about PowerPlay Young Entrepreneurs generally fall under inquiries about the place of money and business in the lives of young people or specific questions about the business planning process.
1. Why is it important for my child to experience earning money at such a young age? Surely there is time enough for that when they’re older.
Children have a natural desire to challenge themselves, test their abilities and make their mark doing things they consider real and relevant to their lives. Research and trends in educational practice have shown that an early introduction to money management makes children more confident, goal-oriented and aware of their spending habits.
2. Why is teaching entrepreneurship important?
“Entrepreneurship” is not only a particular way of earning money, but a dynamic approach to going after one’s goals in life. By taking the initiative and pursuing what they want, entrepreneurial individuals develop key skills like communication, critical and creative thinking, organization and teamwork that are highly desirable in our 21st century job market. Whether they eventually work for themselves or for other people, an entrepreneurial mindset is key to success in today's global economy.