Copious research papers have established that the environment in which young people grow and develop play a significant role in shaping their potential for success.
Family, in particular, has a profound influence on a child’s upbringing, values, and aspirations. When combined with a supportive environment, young people can thrive and achieve remarkable things.
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How to help your child succeed early in life
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Meet 12-Year-Old Eniola Shokunbi Who Invented Disease-Prevention Air Filter
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10 under 15 young people blazing the trail in business, investment and innovation
The notion is supported by research from the National Center for Education Statistics (NCES) and the Organization for Economic Cooperation and Development (OECD).
According to the OECD report, “Equity and Quality in Education” (2012), “students from socio-economically advantaged backgrounds tend to perform better in school and have higher educational aspirations” (p. 15).
Additionally, a study published in the Journal of Educational Psychology, “The Role of Family and Environment in Shaping Children’s Educational Outcomes” (2015), found that “family factors, such as parental education and socioeconomic status, were strong predictors of children’s educational outcomes” (p. 12).
In this post, you will learn about youngsters who got their ticket to success from their homes, and most importantly, how you too can deploy these winning strategies to enable any young child in your care as a parent or guardian to succeed.
First Case Study: USA
In the USA, for example, many young entrepreneurs credit their families with instilling in them a strong work ethic and encouraging their passion for innovation.
The likes of Moziah Bridges, founder of Mo’s Bows, and Alina Morse, creator of Zollipops, are living proofs to the power of family support.
Second Case Study: China
Similarly, in China, the emphasis on education and hard work is deeply ingrained in the culture. Many young Chinese entrepreneurs, such as Tanmay Bakshi, who founded a tech company at age 11, attribute their success to the strong emphasis on education and innovation in their families and communities.
Third Case Study: UK
The Prince’s Trust, a UK-based charity founded by Prince Charles, provides a range of programs and services to support young entrepreneurs. One such program is the Prince’s Trust Enterprise Programme, which offers training, mentoring, and funding to young people aged 18-30 who want to start their own business.
-
How to help your child succeed early in life
-
Meet 12-Year-Old Eniola Shokunbi Who Invented Disease-Prevention Air Filter
-
10 under 15 young people blazing the trail in business, investment and innovation
A notable example of a young entrepreneur who benefited from The Prince’s Trust is Ben Towers, who started his first business at age 11 and went on to become one of the UK’s youngest entrepreneurs. With the support of The Prince’s Trust, Ben was able to turn his business idea into a successful reality.
