This is a summary of the book titled “Raising an entrepreneur: 10 rules for nurturing Risk takers, Problem Solvers, and Change Makers” written by Margot Machol Bisnow and published by New Harbinger in 2016. The author is a businesswoman and a mom who cautions parents from being overprotective and instead suggests to guide their children gently in discovering their strengths and passions, give them enormous freedom, letting them fail and face adversity in a way that builds resilience, selflessness, determination and “grit”. These very traits make successful entrepreneurs. Although the right balance is hard to find and it might seem that the author contradicts herself as she leans from side to side, she advocates for raising independent successful kids and support their dreams. Arming the children with morals, values, and a commitment to help others, installing grit, encouraging perseverance and hard work, emphasizing purpose over financial security, giving them freedom to do it their way, making mistakes and learning from them, letting them figure out, and praising and recognizing them are some of her other suggestions.

Parents should support and believe in their children's potential as entrepreneurs or employees. Encourage them to explore various ideas, fields, and career choices, and not force them into "safe" fields. Encourage them to discover their passions and excel in their chosen fields, regardless of whether they lead to conventional jobs or financial security. Instill morals, values, and a sense of mission in them to push through the work world's setbacks and disappointments.

Nurturing future entrepreneurs requires parents to believe in them, support them, and stand up for them. Encourage their passions, regardless of their preferences, and support their curiosity as they explore different things. For example, Michael Chasen's passion for video games led him to earn an MBA and start Blackboard, a tech firm he sold for $1.5 billion. Parents should also set boundaries, such as no TV on weekdays, and support their children's decision to start a business instead of going to college.

Parents should trust their children's passions and encourage them to pursue their passions without intervention. Paige Mycoskie's parents believed in her love for art and encouraged her to build a clothing company with her savings. Jayne Plank, despite her heavy workload, encouraged her children's passions early on, giving them freedom to pursue their passions.

Let your child learn to win and lose without intervention, introducing them to a wide range of sports and activities. Sports help kids understand that failure doesn't define them and increases their risk tolerance. Parents should also give their children a chance to figure out their passion, even if it's not something they would have chosen.

Successful entrepreneurs can range from academic misfits to college dropouts, so parents should support their children's interests at school as they support their sports and other pursuits. Avoid pushing kids towards math and science if their passion is art, and don't listen to teachers and principals who want their child to conform.

Parents should encourage their children to pursue their passions and pursue their passions, even if it means changing schools or standing up to teachers and administrators. They should also support their children in pursuing their academic areas they love, even if that means changing schools or standing up to teachers and administrators. Mentors can be great in guiding future entrepreneurs, as they can offer harsher feedback and provide a different perspective than parents can bring themselves. Parents should trust their children, give them freedom, and offer genuine praise, avoiding presenting them with "trophies" for everything they do. They should guide them to persevere through failure and adversity, as their confidence will grow each time they overcome a challenge. Embracing adversity can build character and resilience, as seen with Sean Stephenson, who graduated from college, interned for President Bill Clinton, and now advises executives nationwide. By fostering these qualities, parents can help their children become successful entrepreneurs and contribute to the growth of their communities. To foster a positive future for your children, it is essential to nurture compassion, encourage competitiveness, and be a great family. Encourage your children to help others and challenge conventions, as it is difficult to sustain their efforts solely for personal gain. Be a great family by providing a supportive environment and allowing your kids to pursue their passions. Instill awareness of a larger purpose in your children, using spiritual alternatives or faith as a compass.

Lead by following, allowing your children to chart their own path and focus on what they want to do. Encourage them to try many things until they find what inspires them. Don't raise your kids to feel entitled, but to work hard, persevere, and fight for a better future for themselves and others. Remember, loving your children is not the same as trusting and believing in them.

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