Chapter
Teaching the Value of Rapid Prototyping and Risk Assessment
20:31 - 24:32 (04:01)
The speaker discusses exercises that teach the value of rapid prototyping, facing rejection, and risk assessment, such as lemonade stands, door-to-door sales, and the marshmallow test.
Clips
The speaker advocates for teaching children the value of rapid prototyping, facing rejection early on, and understanding key risks and assumptions.
20:31 - 23:29 (02:58)
Summary
The speaker advocates for teaching children the value of rapid prototyping, facing rejection early on, and understanding key risks and assumptions. He uses the example of the Marshmallow Challenge to demonstrate the importance of testing and learning from failure.
ChapterTeaching the Value of Rapid Prototyping and Risk Assessment
EpisodeOne Question Friday: How Will You Teach Your Kids To Be Entrepreneurial?
PodcastMy First Million
In this episode, the host discusses his approach to introducing entrepreneurial skills to children through various experiences such as lemonade stand, door to door sales, traveling, and flipping something on eBay.
23:29 - 24:32 (01:02)
Summary
In this episode, the host discusses his approach to introducing entrepreneurial skills to children through various experiences such as lemonade stand, door to door sales, traveling, and flipping something on eBay. He emphasizes that it's important to create the environment where kids can build foundational skills that they can choose to use later if it's what's for them.