85: How to Raise an Entrepreneur: Nurturing Risk Takers, Problem Solvers, & Change Makers

85: How to Raise an Entrepreneur: Nurturing Risk Takers, Problem Solvers, & Change Makers

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College? 9-5 job? In today’s internet-driven world it’s perhaps more possible than ever to skip these and become an entrepreneur. I interview many of them and as an accidental entrepreneur myself, it’s a topic that’s extremely personal to me.

It can’t be denied that the rules for success have changed since our parents’ generation. So how do we know how to guide our kids in a changing world?

Enter Margot Bisnow, Entrepreneur and Mom

Margot Machol Bisnow raised two sons who both grew up to be successful entrepreneurs (just one of her claims to fame!). Her son Elliot Bisnow founded Summit, an influential conference series promoting entrepreneurship, and her son Austin started the Indie band Magic Giant.

The entrepreneurial bug bit Margot’s husband Mark too, but later in life, when he started his national newsletter company Bisnow Media at the age of 50.

Margot herself, after 20 years in government and serving on the President’s Council of Economic Advisers, decided to capture her ideas about entrepreneurship and parenthood in her 2016 book Raising an Entrepreneur: 10 Rules for Nurturing Risk Takers, Problem Solvers, and Change Makers.

Something’s up with this family! What did they do differently? Is there a “secret” to unlocking this kind of change-making potential?

Parenting an Entrepreneur 101

The entrepreneurs Margot interviewed did in fact have something important in common: a parent (usually a mom!) who believed in them.

For her book Margot took on the monumental task of interviewing over 70 mothers and their wildly successful offspring—entrepreneurs, activists, and artists like Eric Ryan of Method products, Robert Stephens of Geek Squad, Adam Braun of Pencils of Promise, Blake Mycoskie of TOMS Shoes, and Tom Scott of Nantucket Nectars.

The result is a fascinating collection of stories from families (with a huge variety of backgrounds, social status, and means) who somehow ended up with kids who thought out of the box, weren’t afraid to fail, and went about success in a different way.

So what’s the common factor among these families? Can parents do anything to create creative kids?

As the mom of 6 kids, I’m hanging on Margot’s every word!

In This Episode You’ll Learn:

  • What an entrepreneur really is (and why we’d want our kids to be one … it’s not only about money either!)
  • The lessons learned from interviewing over 70 entrepreneurs and their moms
  • One trait all successful entrepreneurs had in common (hint: it has to do with moms!)
  • Why you may not want your kids to follow your path in life … especially in today’s world
  • Reasons why helping your kids may hurt them in the long run
  • What you should never praise (success) and the thing you should (hard work)
  • The influence of birth order on future success as an entrepreneur
  • Higher education: is it really the best path for today’s kids?
  • How to get comfortable with risk-taking and change as a parent
  • And, is it even legal to raise an entrepreneur today? (you’ll see what I mean!)

Resources We Mention

Book: Margot Bisnow, Raising an Entrepreneur: 10 Rules for Nurturing Risk Takers, Problem Solvers, and Change Makers (2016)

Additional Reading

Book: Malcom Gladwell, The Outliers: The Story of Success (2011)

Book: Adam Grant, The Originals: How Non-Conformers Move the World (2016)

Special Thanks to Today’s Sponsors

Today’s podcast is brought to you by Four Sigmatic. If you follow me on Instagram, you’ve probably seen me mention them because I have been using and loving and Instagramming their products for years. They have an amazing instant mushroom coffee.

Hear me out … I know it sounds weird! But it’s not only the best instant coffee I’ve ever tried, it’s also pretty high up on the list of best coffee I’ve tried. It has super food mushrooms like Lion’s Mane, Cordyceps, and Chaga mushrooms. And these mushrooms have some big health benefits, and especially immune benefits. I especially love them for the energy and the mental clarity without the jitters from traditional coffee. And did I mention how good it tastes?

And if you aren’t a caffeine person, they also have a variety of mushroom tea and other products that don’t have the coffee so you can get the benefits without the caffeine. And I love them so much that I reached out and they agreed to give a discount to my listeners. So, go to foursigmatic.com/wellnessmama and use the code “WellnessMama” to get 10% off.

Today’s podcast is also brought to you by Atrantil. I turned to this supplement when my husband was struggling with SIBO (small intestinal bacterial overgrowth), and I fell in love with it myself for just overall gut health. If you’ve done the diet changes and the probiotics and even medicine but you’re not finding real relief for digestive problems or leaky gut, this may be the answer for you.

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Reader Comments

  1. I would love to show my son your son’s website. Could you please share it with us?

    • He is working on his podcast and it is almost ready to launch. He doesn’t want me to share it quite yet though 😉

  2. Another great podcast. Love the book recommendations. I am really curious to find out more about the Atrantil product you mention. I have tried everything to reduce belly bloat and nothing is working. Does it work that well? I have a 16 month old who I still nurse, not full-time, but I haven’t bought the product for myself yet for that reason. I am wondering if I have to be as concerned since she is over a year old and not full-time breast feeding. I was curious if this product would effect her at all if I took it. How did you find out about Atrantil? So many products these days are full of false promises. I actually stopped taking most supplements and tried to do more healing through food. I have made some progress but not as much as I would like.

  3. The ingredient in the coffee is Chaga and this is not good for people with autoimmune disorders like Hasi’s, correct? Just wanting to make sure I”m reading things correctly before I purchase.

  4. I tried the antrtil coupon but it expired
    Anyway to get an extension on that?

  5. Love your intake on the subject. I have a one year old and it is the time I strat thinking about her future and how we should raise her. Support her passion and let her do what makes her most happy is definately the way we want to go. Thank you for this episode! Definately enjoyed it.

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