You’re never too young to be an entrepreneur. Just ask Diddy!
The music/fashion/media mogul, named the highest paid hip-hop artist by Forbes magazine, became an entrepreneur when he started two paper routes as a child growing up in Mt. Vernon.
“Every kid likes being able to have their own money and their own independence,” he recently told Entrepreneur.com. “Everybody remembers that feeling of being able to buy their own first toy from their allowance. And there is a certain pride that comes from being able to have that independence.”
On Thursday, Diddy was guest of honor at an awards ceremony for The Network for Teaching Entrepreneurship Challenge, a business contest for children living in low income communities. He also donated $250,000 to The Network for Teaching Entrepreneuship, the organization behind the annual challenge.
Chatting with Bloomberg Businessweek at the event in Manhattan, he said “I think especially with kids from the inner city, they’re natural-born entrepreneurs, because they have to figure out how to survive. So they have it in their DNA. An organization like this can show them that they have it inside of them and can show them how to relate what they’re learning in school to their street smarts and street savvy.”
Thoughts: Do you think children should be exposed to entrepreneurship at a young age? Tell us in the comments!