If you want to teach your kid about life and how to be successful, you may want to buy them a skateboard so they can join the other 6.63 million people in the U.S. that enjoy the sport.
Comedian Jerry Seinfeld once observed, "To learn to do a skateboard trick, many times you've got to get something wrong until you get it right. And you hurt yourself. You learn to do that trick, now you got a life lesson. Whenever I see those skateboard kids, I think, Those kids will be all right."
Seinfeld may be on to something. The UBS/PwC 2015 Billionaire Report released Tuesday identifies three common patterns among the most successful people in the world, one of which is the ability to see failure as a necessary step toward success—just like in skateboarding.
Gregg Chapman understands firsthand. He's the founder and president of Chapman Skateboards, a Deer Park, New York, company that has been producing American-made skateboards since 1991. Today it employs 25 people and racks up more than $1 million in sales.
"It's something that you just can't download and take, you know? You've got to kind of bleed for it a little bit," said Chapman.