I get nearly 1,000 emails per week from new entrepreneurs asking for advice in starting their new business. In this video, I’ll answer one of the most common questions I get.
This week’s question comes from Ethan…
My biggest challenge is finding the time needed to take action and help guide my 12 year old son start his first eCommerce business.
It’s important to me to spend time with him and develop his entrepreneurial spirit.
What’s holding me back is the thought of what it is going to take and whether we have the time to commit! With my full time endeavors I really want to be able to lay something out that is easily actionable and that he can dive into (as I as probably over committed as it is….)
Now, watch the video to see my answer 🙂
Leave a comment below and let’s continue the conversation!
Will Mitchell from Startup Bros here and we’re back with another quick question video this week’s Quick question we have from Ethan
“My biggest challenge is finding the time needed to take action and help guide my twelve-year-old son to start his first e-commerce business it is important to me to spend time with him and develop his entrepreneurial spirit.
What’s holding me back is the thought of what it’s going to take and whether we have the time to commit with my full time endeavors.
I really want to be able to lay something out that’s easily actionable and that he can dive into”.
I’m going to kind of address this step by step as I do with many of these questions.
And my immediate thought is stop thinking.
You’ve got to get out there and act. The process of thinking takes up time, so you want to replace that time you’re thinking about acting with taking action.
That’s going to be the way to get started and I do want to say I got started as an entrepreneur at twelve years old. I had no help from anyone and I just went out there and did it.
Therefore, leverage that a little bit to realize that your twelve year old son probably doesn’t have any fear right now.
They don’t really know how hard it’s going to be it’s just fun right now and that’s how it was for me. That’s why it was so great to get started so young.
I was just out there having fun so I think you should place more of this on your son too. Focus on challenging your son and on pushing him to make decisions.
Making mistakes is how we grow as entrepreneurs’. I think it’s awesome that you’re helping your son get started as an entrepreneur at such a young age but you should realize that entrepreneurship is not fun.
Right now, there’s a big thing going on where lots of shows and movies out there make it look like fun. The truth is that entrepreneurship can be shitty.
There’s a brilliant quote out there, I don’t know who said it, but basically it goes: “if I ever knew how hard it was to start a business I wouldn’t have done it”.
Leverage the idea that your son doesn’t know how hard it’s going to be and it’s just fun for him right now.
Challenge him and let entrepreneurship be the replacement to video games and other distractions.
You do have to realize that the only way your son’s going to become a better entrepreneur is through making mistakes.
struggle and sacrifice is how we learn things in this life.
You’re going to have to push him to fail you’re going to have to push him to take risks.
One of the personality traits that is absolutely necessary in an entrepreneur is a high risk tolerance.
You have to be willing to take risks and you have to be willing to bet on yourself.
But, keep in mind that if your son’s going to be an entrepreneur it has nothing to do with you at a certain point and entrepreneurship is a very solo activity.
It’s not something that you can learn on paper, it’s not something that you read a book and subsequently understand it.
Your time availability should not affect your son as an entrepreneur.
Because, you can be a leader without being with your son all the time. You want to set him on a path and let him make the mistakes let him take the actions and come to you to update you.
I know you want to encourage him and you want to challenge him. However, you’re certainly not going to be starting a business for your son.
Pour fuel on the fire of his passion, if your son wants to start a shark tank style business or if he wants to launch a product on Amazon then go buy him a course to do that.
Say to your son: “hey I’m going to give you two thousand dollars to go sign up for the best program but you better take action”.
And then push him to take action in the program, ask him how it’s going every night.
That’s going to do more for him than diving into it with him.
I think it’s awesome you’re getting your son started in entrepreneurship at such a young age it’s so great to hear that.
But keep in mind that his success is not to be dependent on you if your son’s going to be an entrepreneur and he should learn these things on his own.
You do have to understand too that there’s going to be sacrifice. There’s going to be pain in entrepreneurship especially starting that young. There’s going to be several failures before we have success and that’s what’s going to help your son the most.
When he falls, when he stumbles, having you there to encourage him and having you there to put him back on track and to challenge him will be extremely important.
Keep us updated on your progress! Guys if you have a quick question for me go ahead leave in the comments!
Will Mitchell is a serial entrepreneur and Founder of StartupBros. You can learn more about him at the StartupBros About Page. If you have any questions or comments for him, just send an email or leave a comment!