In support of its vision to create the world’s most influential community of entrepreneurs, Entrepreneurs’ Organization (EO) encourages new ways of inspiring entrepreneurship through education and experience sharing. One motivated EO member and enterprising parent has taken it to a new level with his commitment to raise the next generation of entrepreneurs in his own home!

Joel Gandara is an EO member in South Florida and CEO of Morro Capital who is now focusing on a new venture, Freedom Experts, which helps fellow entrepreneurs optimize and automate business processes to reclaim the time and freedom entrepreneurship offers. In addition, Joel instills an entrepreneurial mindset in his kids by sharing insights and strategies he learns through EO. At this rate, it won’t be long before the Gandara family has four more EO-eligible members!

We asked Joel (JG) about his entrepreneurial parenting technique. Here’s what he shared.

How did you start teaching your children about entrepreneurship?

JG/ When my sons were around 4 and 5 years old, we walked by a three-person merry-go-round, and they asked me for some quarters to ride it. I explained that, yes, we could do that and they’d get about 60 seconds of enjoyment―or, we could save those quarters toward buying one of the machines ourselves. (For the record, I had no intention of getting into the merry-go-round business, but I wanted to teach a lesson.)