• Nothing replaces picking up the phone. 

Kids love to text and we all know it. That’s their world, for better or worse. But they need to learn that most adults appreciate a phone call when things aren’t going exactly right. “Mrs. Laney, I wanted to let you know I was throwing the ball to Princess and I accidentally broke the lamp on your end table in the living room. I am so sorry.”

Even better is making a phone call when things are going well: “I just wanted to let you know that Princess is doing fine. She didn’t eat a lot this morning, but after our evening walk she ate a whole bowlful of food.” That phone call will ease the client’s mind and really distinguish your child from the competition.

  • Failure happens. Learn from it and move on. 

Every business and business owner will fail at some point. That’s okay. In fact, it shows that she is pushing beyond her comfort zone, and that’s a good thing. Make sure your child understands that it’s how you deal with failure that matters. When something goes wrong, use it as a teachable moment to help her reevaluate her strategy. What decisions might have led to this mistake? What might she do differently next time?

“Don’t let kids use failure as a reason to quit,” stresses Downing. “Failure is not a get-out-of-trying-new-things card. It’s an impetus to do something great next time.”

  • A good mentor can make all the difference. 

You may assume you’re the one who should teach your child, and you certainly do have a critical role to play. But there may be other adults in your family’s sphere of influence who have demonstrated the ability to achieve in business. Nurture those relationships.

“A cornerstone of my philosophy is learning from other successful people,” says Downing. “I wouldn’t be where I am today if I hadn’t been open to learning from the experts, and my son wouldn’t be where he is without learning from me.”

          Worried that all this is way over your kids’ heads? You might be surprised, says Downing.

          “Kids are generally open to new approaches and new ways of thinking,” he says. “Their minds haven’t become ‘programmed’ like those of adults, so they don’t have to do a lot of unlearning old, outdated ideas. They’re creative and fearless and they realize this way of thinking makes sense.

          “Frankly, it’s the parents who struggle with the entrepreneurial mindset,” adds Downing. “I always say that the toughest part of the journey takes place in the mind. But it’s absolutely crucial that you take the first step, right alongside your child. Both of you can learn together. Your family’s future depends on it.”

Gregory S. Downing has dedicated his life to teaching his students that every family can truly control its financial future and create a generational legacy with profound, yet straightforward advice and guidance. As a nationally and highly respected author, speaker, family expert, and organizational consultant, his advice has been sought and put into practice by thousands of people from all walks of life. With over 20 years of experience in management, leadership, training, and business ownership, he has proven that his principles of legacy parenting, business promotion, entrepreneurship, and real estate investing both work and create bonds of relationship that go beyond the ordinary.

Prior to his writing and public speaking career, he served for 12 years as the general manager of four Chevrolet and Dodge Chrysler dealerships, managing over 130 employees and increasing production and sales without sacrificing quality and customer service while there. It was during his tenure in this position that he became increasingly aware that his gifts and talents were in motivating and leading others to achieve their goals and dreams. He made the transition to motivational and investment training so he could touch more lives and influence others to build wealth and prosperity for themselves and for their families.

To learn more, please visit www.GregoryDowning.com.