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: 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.
Atrantil was developed by a board certified gastroenterologist, Dr. Ken Brown, and it naturally addresses issues like bloating, SIBO, IBS, leaky gut, and other issues with digestive health. It’s all natural, it’s over the counter and it works within the bowel which is a difficult thing for a supplement to do. It’s well tolerated (although intended not for pregnant and nursing mothers) and has no-known drug interactions and it’s 100% money back guaranteed. If you want to check them out, go to lovemytummy.com/wellnessmama and use the code Wellmama for a 15% discount.