You can be on Entrepreneur’s cover!

6 Tips for Building a Business Growth Mindset in Adolescents Here are a few tips for nurturing entrepreneurial and growth mindsets in adolescents.

By Ryan Blivas

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

As parents and educators, we all want our adolescents to succeed. We want them to grow into confident, capable and resilient adults who can overcome challenges and achieve their goals. Nurturing an entrepreneurial mindset and skill set in adolescents is highly important, even if they don't have aspirations to become business owners or entrepreneurs. Here are some ways you can encourage adolescent growth:

1. Develop a growth mindset

Developing a growth mindset is critical to adolescent growth and success. Adolescents who believe their abilities can be developed through hard work and dedication tend to perform better than those who believe their abilities are fixed. Encouraging a growth mindset requires a shift from focusing on innate abilities to valuing effort and resilience. Praising effort over innate ability can help reinforce this shift in mindset.

For example, when a teenager tries to learn a new skill or complete a challenging task, it's essential to acknowledge and praise their hard work. When faced with setbacks or failure, it's important to teach adolescents that these experiences are opportunities to learn and grow. Emphasizing the importance of persistence and resilience can help adolescents develop the skills and mindset needed to overcome challenges and achieve their goals. Encouraging a growth mindset in adolescents can help them develop confidence in their ability to learn and grow, setting them on a path to long-term success.

Related: How to Raise Entrepreneurial Minded Kids

2. Encourage independence

Adolescents need opportunities to make decisions and take responsibility for their actions, which helps them build confidence and decision-making skills. As a parent or guardian, it's essential to encourage your teenager to take on tasks and projects that challenge them and allow them to make decisions on their own. Providing them with age-appropriate responsibilities, such as managing their schedule, completing household chores or organizing a community service project, can help them develop the skills needed to be self-sufficient and independent.

While it may be tempting to micromanage or take over tasks to ensure they are done correctly, resisting this urge and giving adolescents the space they need to learn and grow is essential. This will help them develop a sense of ownership and responsibility, which can lead to increased motivation and achievement. Encouraging independence in adolescents can be a delicate balance between offering guidance and support while also giving them the space to make their own decisions and learn from their mistakes.

3. Provide mentorship

Mentorship and guidance from adults/professionals with experience in areas your adolescent is interested in can be one of the fastest ways for them to learn. Encourage them to seek out mentors in their field of interest, and provide them with access to resources and opportunities that can help them grow and develop. Help them find local networking events, and attend with them. Take an interest in what they're doing, and share their excitement for their passions.

Related: 8 Entrepreneurial Skills Your Kids Need to Succeed in Life and Work (Infographic)

4. Resilience is key

Life is full of ups and downs, and adolescents need to learn how to bounce back from setbacks and challenges. Encourage them to focus on their strengths and accomplishments rather than dwelling on their mistakes or shortcomings. Help them develop a growth mindset, where they view challenges and failures as opportunities to learn and grow rather than as a reflection of their abilities. Praising their effort and hard work, rather than their innate abilities, can also help foster a growth mindset.

It's important to note that building resilience is an ongoing process that takes time and effort. Adolescents may struggle with setbacks and challenges, but with your guidance and support, they can learn to cope and bounce back stronger than ever. Encourage them to be patient with themselves and to focus on their progress rather than perfection. If your teen is struggling with confidence, there is nothing wrong with enrolling them in an individual teen therapy program to gain expert help. By teaching coping strategies and promoting a positive mindset, you can help your teenager develop resilience and thrive in all areas of their life.

5. Encourage entrepreneurship

Entrepreneurship is an excellent way to foster adolescent growth and success. Encourage adolescents to explore their entrepreneurial interests by providing access to resources and opportunities such as business plan competitions, internships and mentorship programs. Instill creativity, and harness the four pillars for raising an entrepreneurial child.

Related: 3 Ways to Raise Your Kids to Think -- and Solve Problems -- Like an Entrepreneur

6. Teach financial literacy

Financial literacy is critical to life and personal success. Teach adolescents how to manage their finances, including budgeting, saving and investing. This can help them make informed financial decisions in the future.

Encouraging adolescent growth and success requires a multifaceted approach considering personal and professional development. By fostering a growth mindset, encouraging independence, promoting creativity, providing mentorship, promoting resilience, encouraging entrepreneurship and teaching financial literacy, we can help adolescents reach their full potential and achieve success in life.

Ryan Blivas

Entrepreneur Leadership Network® Contributor

Co-Founder of Key Healthcare

Ryan Blivas is the co-founder of Key Healthcare, an adolescent substance abuse, and mental health treatment program that provides behavioral therapy, clinical mentoring, Residential Treatment For Teens, teen transitional living, teen outpatient services, and parent support programs in Los Angeles.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention

In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.

Business News

Yes, You Can Buy a Foldable Tiny Home on Amazon — And Now It's Selling for Less Than $12,000

The waterproof and flameproof house was listed around $35,000 a few months ago.

Business News

This One Word Is a Giveaway That You Used ChatGPT to Write an Email, According to an Expert

"Delve" has increased its presence in written work since ChatGPT entered the scene.

Side Hustle

This Insurance Agent Started a Side Hustle Inspired By Nostalgia for His Home State — Now It Earns Nearly $40,000 a Month

After moving to New York City, Danny Trejo started a business to stay in touch with his roots — literally.

Starting a Business

4 Common Mistakes That Will Spell Doom Your Ecommerce Business

It's hard to spot a success story before it happens, yet it's easy to tell if a business will struggle. With that in mind, here are the four most common mistakes people make that you should avoid when starting an ecommerce business.

Business News

Side Hustles Are Soaring as Entrepreneurs Start Businesses Working Part- or Full-Time Elsewhere, According to a New Report

The younger the entrepreneur, the more likely they were to start a business as a side hustle.