How to raise kids to be entrepreneurs

Posted at 03/29/14 3:34 PM

MANILA, Philippines – Being a successful entrepreneur starts from developing good habits at a young age.

This is the lesson that Lex Ledesma, the managing director of The One School, learned growing up in a household of entrepreneurs.

“We grew up in a home where being an entrepreneur was really expected of us. We grew up in a house where the bar was set very, very high and my parents pushed us hard,” he said on ANC’s “Shoptalk.”

Ledesma said the essence of entrepreneurship is finding where you are good at and pushing yourself to even become better at it.

He said his parents taught him the habit of always aiming for the best, which he said is what pushed him to be successful in his business ventures.

“The two most important things that kids need to learn is how to work very hard at something and how to be very disciplined,” he said.

Aside from being one of the founders at The One School, Ledesma is also running three restaurants and a resort in Boracay.

He is also into buy-and-sell, which he said opened doors for him when he was in his teens.

As a high school kid, Ledesma said he honed his entrepreneurial skills by selling fish.

“I would bring in small quantities of fish from our province in Iloilo and then selling it to friends and family. I think this was the perfect business because you really need to be a salesman,” he said.

“Any type of business will do but if you don’t actually do the business, then you won’t learn how to do it. There’s no way to replicate the entrepreneurship process except by actually doing it and if you’re not doing it then you’re not learning it,” he added.

Ledesma said teenage years are the best time to start a mini-business, preferably in the service-related industry.

“This way, you are already maximizing whatever skills you already have. And the best place to really begin is with friends and family because these are people that will support you,” he said.

Entrepreneurship is about practice, Ledesma said, and high school is the best time to start the process.

Being in college is the time to start a real business, but Ledesma noted that the business idea should be original and unique for it to take off.

“The key to starting a business is being differentiated. You have to have a concept that only you have,” he said.

“If you’re really into what you are doing, and you’re really differentiated versus your competition then you will have a chance at keeping at it.”