Mark Cuban, the Dallas Mavericks owner, and ABC’s Shark Tank star, believes children should start learning about entrepreneurship from a young age. Cuban finds joy in teaching children the basics of entrepreneurship and hopes to inspire them to pursue it as a career. He ‘s learned first-hand that children are heavily interested in business if given the opportunity. “The responses from kids and their parents to Shark Tank has been amazing,” Cuban said in an interview. “I get more questions from kids or from parents about their kids and entrepreneurship than what I get directly from adults. The market is there.”
Cuban went on to share a variety of tips for aspiring businessmen:
Start Today
If you learn the behaviors and skills needed to start a company before beginning college, you will be ahead of the competition.
“Kids don’t need to learn entrepreneurial skills, but they sure benefit from it when they do. And more importantly, there are far more kids than you might imagine that want to start businesses and are looking for guidance,” Cuban said. “There is a reason why all those Girl Scout cookies get sold and all those roadside lemonade stands get built.”
To excel in the business world, you don’t need credentials, capital or a planet-sized brain. All you need is something that creates a consistent income stream.
Don’t obsess over making mistakes.
You have nothing to lose and everything to win so stop worrying about making mistakes.
Your company, industry, or service will never be flawless. Even while big business is making huge mistakes, kids can’t fail on a global scale — they just don’t have the tools to do so.
“I don’t think [kids] can make mistakes. They aren’t running businesses with tens of thousands of dollars at stake. They are starting small, selling products they make or resell to their friends and neighbors. They can’t go wrong. They can only learn,” Cuban said.
Set goals.
Setting business goals will help you push yourself closer to success.
“Starting a business as a child can impact the rest of your life,” Cuban said. “It ices a child’s confidence. It teaches them how business works. It teaches them that they can accomplish goals they set for themselves. All of which will benefit them later on,” Cuban said.
Are you an avid Shark Tank fan? Make sure to check out how much all the sharks are worth here.
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