11 ways to raise entrepreneurial kids, according to Mark Cuban, Tony Hawk, and 9 other business leaders

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The Oracles is a networking group made up of the world's most prominent entrepreneurs and CEOs.

Members who are parents, such as Mark Cuban and Tony Hawk, say they have several at-home practices to inspire their kids to become future entreprenuers.

They teach their kids about money, involve them in family decisions, and encourage them to pursue their interests and to develop a sense of hard work.

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Mark Cuban, Tony Hawk, and nine elite entrepreneurs and Advisors in The Oracles shared the things their parents did that helped make them become successful entrepreneurs.1. Make them figure it out

Courtesy of The Oracles

My parents always encouraged me to try new things and to always read and learn as much as I possibly could. Neither of my parents had a college degree or any business experience, so they were always telling me that I had to learn and figure things out myself.

Learning how to figure things out on my own gave me the insight I needed to succeed.

Mark Cuban, owner of the NBA's Dallas Mavericks, billionaire, and shark on "Shark Tank." Follow Mark on Twitter.

2. Support their pursuits and encourage them to invest

Courtesy of The Oracles

I was lucky that my parents were supportive of my skating when most parents weren't. They let me follow my own path and try something that wasn't proven to make you successful. Their support gave me a sense of self-confidence that I couldn't find anywhere else.

I was only in my late teens when I started making money and thought that I'd continue to do so forever. My dad knew better and encouraged me to save and invest in a house, so I owned my own home when I was only 17 years old.

Staying focused on school was a challenge, but I was thankful he taught me the value of planning for the future. As a result, I know how to save and enjoy life at the same time.

Tony Hawk, founder and CEO of Birdhouse Skateboards and president of the Tony Hawk Foundation, and the most influential and commercially successful skateboarder of all time with a 100 million net worth.

3. Teach them about money

Courtesy of Jessica Mead

My husband is a serial entrepreneur and helps me guide our kids. We homeschool, so they're taught financial literacy from an early age. They're encouraged to pick up every coin and appreciate its value. We have family discussions about investments, planning, companies we're looking to buy, and how the numbers work.

Our kids have savings, but also opportunities to invest or grow their money. They're always coming up with ways to earn money because they understand financial freedom from watching their parents achieve it, so they know it's possible to create it themselves.

Entrepreneurs make decisions and execute. But kids constantly have decisions made for them.

Encourage yours to keep an open mind, explore the options, and make their own decisions; they'll become better observers and start seeing opportunities. Our family motto is "See a need, fill a need."

Jessica Mead, founder and CEO of BrandLync, co-founder of Mead Holdings Group, The Epek Companies, and Grayson Pierce Capital. Follow Jessica on Instagram.

See the rest of the story at Business InsiderSee Also:8 habits of incredibly interesting people, from Oprah to Warren Buffett6 ways to survive and thrive in an ultra competitive field, according to the president and CEO of Sotheby's International RealtySam Altman, former president of Y Combinator: 4 skills you need to master to be a standout startup investorSEE ALSO: Jay Leno, Tony Hawk, and 8 other millionaires share the advice they'd give themselves in their 20s

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