Entrepreneurship is for everybody – Northwestern Now

An aspiring movie director and up to date Northwestern graduate, Lauren Washington is like lots of the keen, bold college students who’ve joined us at The Storage throughout their school careers. She had preconceived concepts about what made somebody an entrepreneur. And, at first, she didn’t suppose she match the mildew.

It seems many college students affiliate entrepreneurship solely with high-profile, venture-backed success tales like Mark Zuckerberg, Elon Musk and Jeff Bezos. However the fact is most entrepreneurs usually are not billionaire tech founders. Lower than 1% of all startups are venture-backed, whereas the overwhelming majority are run by individuals like Lauren who noticed a chance and ran with it.

As a younger artist, Lauren knew she was headed down an unsure path. However she was decided to take possession of her profession. And thru her experiences at The Storage and the Farley Heart for Entrepreneurship and Innovation, she unlocked a unique aspect of herself and discovered the world of entrepreneurship is broader than she ever knew. Along with her brother, she co-founded Challenge FILO, a inventive hub, incubator and platform that helps artists get seen and heard.

“Artists are inherently entrepreneurs as a result of they provide you with new concepts and put them out on this planet,” she stated. “So, I noticed I used to be a inventive entrepreneur.”

Having led The Storage for the previous six years, we’ve helped hundreds of scholars like Lauren discover their very own manner. 

Having led The Storage for the previous six years, we’ve helped hundreds of scholars … discover their very own manner. 

We’ve constructed a neighborhood of fearless, entrepreneurial leaders who launch firms, be a part of startups and lend their brilliance to revolutionary firms. Our college students have been named Thiel Fellows, based profitable ventures and even raised thousands and thousands of {dollars} from distinguished buyers. We’ve watched college students from totally different backgrounds go the gap from thought to execution, and we’ve discovered quite a bit about serving to first-time founders alongside the way in which.

At one level we regarded for a useful resource that might present a framework, debunk widespread myths and converse to college students in relatable and accessible methods. In fact, there are millions of books and infinite weblog posts on the topic, however we couldn’t discover an encouraging, easy and sincere information. So, in true entrepreneurial style, we wrote our personal guide, “Based: The No B.S. Information for Scholar Entrepreneurs.”

Based mostly on our expertise mentoring early-stage scholar founders, the guide is a information for anybody trying to begin one thing new. We discover the most typical errors individuals make, methods to study by doing and why failure is definitely an excellent factor. We talk about methods to get out of your personal manner, methods to be sure you’re constructing one thing individuals need and methods to take speedy steps ahead as you flip your thought into one thing actual.

It could be our humble opinion, however we expect the guide is a should learn for first-time founders. And if Lauren Washington provides any proof or perspective, maybe it’s as a result of we’re satisfied entrepreneurship is for everybody.

Melissa Kaufman is the founding government director of The Storage at Northwestern. Mike Raab is affiliate director of The Storage and can function interim director when Kaufman steps down from her position in Could. Their new guide, “Based,” is the 2022 AXIOM Enterprise E-book Award silver medalist for entrepreneurship and small enterprise.

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