Investors and tech geeks love to talk about “unicorns”: tech startups that are worth $1 billion or more. Incredibly, many of these dazzling success stories, like Facebook and Snapchat, have been launched by people in their early twenties. Other multi-million-dollar startups are regularly created by high school and college students.
So why not help your kids achieve that kind of success for themselves? As I write in today’s Wall Street Journal, the same skills that prepare your kids for the possibility of a big startup win will also prepare them for other forms of academic or professional success. For example, you can teach your kids to be problem solvers:
Most great startups address an unsolved problem—but half the art lies in recognizing that there’s a problem to solve. Teach your children to spot those opportunities by treating every complaint as a learning opportunity: Whenever your child complains about a game, site or app (or a real-world toy or experience), ask them how they would make it better. Yes, it’s annoying that you can’t play this videogame with a friend. What features would you have to add to make it a great collaborative game? I agree, this restaurant isn’t great for young people. What would your dream restaurant look like?