Entrepreneurship is for everybody – Northwestern Now


An aspiring movie director and up to date Northwestern graduate, Lauren Washington is like most of the keen, formidable 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 are usually not billionaire tech founders. Lower than 1% of all startups are venture-backed, whereas the overwhelming majority are run by folks like Lauren who noticed a possibility 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 distinct aspect of herself and discovered the world of entrepreneurship is broader than she ever knew. Along with her brother, she co-founded Mission FILO, a artistic hub, incubator and platform that helps artists get seen and heard.

“Artists are inherently entrepreneurs as a result of they give you new concepts and put them out on the planet,” she mentioned. “So, I noticed I used to be a artistic entrepreneur.”

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

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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 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 completely different backgrounds go the gap from concept to execution, and we’ve discovered rather a lot about serving to first-time founders alongside the way in which.

At one level we regarded for a useful resource that would present a framework, debunk widespread myths and communicate to college students in relatable and accessible methods. After all, there are literally thousands of books and limitless weblog posts on the topic, however we couldn’t discover an encouraging, easy and trustworthy information. So, in true entrepreneurial trend, we wrote our personal e book, “Based: The No B.S. Information for Scholar Entrepreneurs.”

Primarily based on our expertise mentoring early-stage scholar founders, the e book is a information for anybody seeking to begin one thing new. We discover the most typical errors folks make, the way to study by doing and why failure is definitely a great factor. We talk about the way to get out of your individual manner, the way to be sure to’re constructing one thing folks need and the way to take fast steps ahead as you flip your concept into one thing actual.

It could be our humble opinion, however we expect the e book 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 govt 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 e book, “Based,” is the 2022 AXIOM Enterprise E-book Award silver medalist for entrepreneurship and small enterprise.


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