Business classes are often taught at the college level, but for those who enter technical schools or don't go onto college after high school, kids might have little exposure to such vital information. Robert Duvall, president and CEO of the National Council for Economic Education, states, "Our argument is that if we are really going to improve the capabilities of our young people and empower them to be able to live successfully in a complex world, we've got to convert those street smarts into real education."
Become an example to your teen. Make efforts to attend business seminars, conferences and meetings on how to become more productive, learn new tax laws, and business legislation. Share what you have learned with your teen. Even if you do not own your own business, much of this can be applied to your regular job and even the running of a household. Even more importantly, show your teen how critical it is to pay bills on time and stress the importance of having a good credit score.
Discuss how high school classes will assist the student during college and later in adulthood. Give examples of applying these skills to real circumstances. For example, buying a home or place of business requires a knowledge of interest rates, legal jargon and comparative pricing. Even renting an apartment requires budgeting skills and the ability to find the ultimate space for the most reasonable cost. Basic business classes might help your young student to excel at more challenging instruction in college or vocational schools.
Involve your child in business-type exercises early. Don't wait until their senior year in high school to prepare her for life. Laura Levine, the executive director of financial literacy organization Jumpstart Coalition, advises parents to make business finance knowledge a life-long learning process for their offspring, starting at a young age. Schools can step in later to complement and expand on earlier instruction. Levine says she sees a correlation between both home and school business education when she states that, "Financial education needs to be in school, after school and at home. Kids can learn the standards-based education in the classroom, but at home they get how money and [family] values intersect."
Help your teen choose classes that will best meet the needs of her long-term goals and interests. Finance, business law, economics, logistics and marketing might be just a few that are offered at your child's high school. Further education is available during college years, if necessary, but just having basic knowledge will provide the basis for a lifetime of strong business acumen.