Latest / All Mom Does Podcast with Julie Lyles Carr / Raising Entrepreneurs with Margot Machol Bisnow
Transcript
- 0:01Speaker 1: Purposely your life, God's Purpose listen at purposely dot com.
- 0:09Speaker 2: Starting in twenty ten, I would go to these events
- 0:13Speaker 2: and meet all these young entrepreneurs, and I was so
- 0:16Speaker 2: curious how they had turned out the way they did,
- 0:19Speaker 2: so willing to work so single mindedly around the clock
- 0:22Speaker 2: to achieve a purpose and take on so much risk.
- 0:25Speaker 2: And they all told me the same thing. They all said,
- 0:28Speaker 2: I had someone who believed in me, who told me
- 0:30Speaker 2: I could do anything I put my mind to. Usually
- 0:33Speaker 2: it was a family member, and almost all of the
- 0:36Speaker 2: time it was their mom.
- 0:42Speaker 3: Hey friend, I'm so glad you're here.
- 0:44Speaker 4: I'm Julie Lyles Carr and this is the Allman Does Podcast,
- 0:47Speaker 4: part of the Purposely podcast network, where we are so
- 0:49Speaker 4: honored to come alongside you right in the middle of
- 0:52Speaker 4: all this parenting and living and growing and learning thing
- 0:57Speaker 4: that you're doing. You are such a beloved part of
- 0:59Speaker 4: this cammunity and I so appreciate you being here to listen. Well, hey,
- 1:03Speaker 4: you know, as we talk about parenting and parenting a
- 1:06Speaker 4: whole new generation. I was so excited when this information
- 1:12Speaker 4: for this guest hit my inbox because I thought.
- 1:15Speaker 3: Oh wow, I.
- 1:17Speaker 4: Would have loved some guidance when my kids are a
- 1:19Speaker 4: little bit younger around this topic. So I want you
- 1:23Speaker 4: to welcome my new friend, Margo May call biz now.
- 1:26Speaker 4: She is going to be talking us through how to
- 1:30Speaker 4: prep our kids for a whole new economic employment job
- 1:34Speaker 4: kind of world. Margo, thank you so much for being
- 1:37Speaker 4: on the show today.
- 1:38Speaker 2: Oh it's my pleasure. By the way, I wish I
- 1:40Speaker 2: had had this information when my kids were growing.
- 1:43Speaker 3: Okay, good, that makes me feel better. That makes me
- 1:45Speaker 3: feel better.
- 1:46Speaker 4: Well, give the listener a little idea of where you
- 1:48Speaker 4: live in the world, what you do, all that kind
- 1:49Speaker 4: of stuff.
- 1:52Speaker 2: I mostly live in Washington, d C. But at the moment,
- 1:56Speaker 2: as you can see from the pictures behind me, I
- 1:57Speaker 2: am on Powder Mountain in Uh.
- 2:00Speaker 3: Wow, that's amazing.
- 2:03Speaker 4: I actually lived in North Ogden, Pleasant View, Utah. I
- 2:07Speaker 4: also lived in Washington, d C. I went from Washington,
- 2:10Speaker 4: d C. To I know exactly where Powder Mountain is.
- 2:12Speaker 4: I love it, and my folks lived in that area
- 2:15Speaker 4: for over twenty years. So you're on one of the
- 2:17Speaker 4: most beautiful spots in the whole wide world as far
- 2:19Speaker 4: as I'm concerned.
- 2:20Speaker 3: Well, I'm so grateful about the weather. Yeah, yeah, it's incredible.
- 2:24Speaker 3: It really is.
- 2:24Speaker 4: I just love it up there, particularly in the summer.
- 2:26Speaker 4: I mean, obviously it's great for the skiing and all
- 2:28Speaker 4: of that on Powder Mountain, but this summer is just peak.
- 2:31Speaker 3: It's really incredible.
- 2:33Speaker 4: Well, I love that, Margo.
- 2:34Speaker 3: Well, I want to hear.
- 2:35Speaker 4: I want to let the listener know that what we're
- 2:37Speaker 4: going to be talking about, I think is so powerful
- 2:40Speaker 4: because we're talking about raising kids who have an entrepreneurial
- 2:44Speaker 4: spirit to really equip them. And what I love about this, Margo,
- 2:49Speaker 4: is that I think for a lot of us, we
- 2:52Speaker 4: probably raised our kids with an eye toward Okay, we've
- 2:55Speaker 4: got to get our kids through college, and if we
- 2:57Speaker 4: get them through college, that'll answer whatever needs to happen
- 3:00Speaker 4: on the other side. Or we need to get into
- 3:02Speaker 4: trade school because if they can be a plumber or
- 3:05Speaker 4: this or that, then they'll have something there that's core.
- 3:08Speaker 4: And yet I hear so much fear with all the
- 3:12Speaker 4: technologies that are really zooming out ahead of us, with AI,
- 3:15Speaker 4: with what the job market will look like. How do
- 3:17Speaker 4: I prepare my kid for this coming new world?
- 3:20Speaker 2: Now?
- 3:20Speaker 3: The funny thing to me is I feel like.
- 3:22Speaker 4: We act like these are new problems, and yet at
- 3:25Speaker 4: the same time, and we take a look at world history,
- 3:27Speaker 4: and we take a look at technologies. This has been
- 3:30Speaker 4: a generational question at many points throughout history that we
- 3:35Speaker 4: can think of the Industrial Revolution and if you had
- 3:39Speaker 4: always been raised to be a blacksmith and now all
- 3:41Speaker 4: of a sudden people are driving cars. I mean, this
- 3:43Speaker 4: actually is a parenting equipping question that's been around for
- 3:46Speaker 4: a very long time. But what I love is that
- 3:49Speaker 4: you're saying, Hey, whatever's coming entrepreneurialism, how do we cultivate
- 3:55Speaker 4: that in our kids? So I want to hear your
- 3:57Speaker 4: path to beginning to look at this topic. Take me
- 4:00Speaker 4: back to the beginning and why you started thinking, Huh,
- 4:03Speaker 4: this is going to be something that parents are going
- 4:05Speaker 4: to need to think about and consider as they prepare
- 4:08Speaker 4: kids for this coming day.
- 4:12Speaker 2: My oldest son, Elliott, started an organization called Summit or
- 4:16Speaker 2: Summit Series that's conferences of young entrepreneurs, and starting in
- 4:22Speaker 2: twenty ten, I would go to these events and meet
- 4:27Speaker 2: all these young entrepreneurs and I was so curious how
- 4:30Speaker 2: they had turned out the way they did, so willing
- 4:33Speaker 2: to work so single mindedly around the clock to achieve
- 4:36Speaker 2: a purpose and take on so much risk, And I
- 4:40Speaker 2: kept asking them, and they all told me the same thing.
- 4:45Speaker 2: They all said, I had someone who believed in me,
- 4:48Speaker 2: who told me I could do anything I put my
- 4:50Speaker 2: mind to. Usually it was a family member, and almost
- 4:56Speaker 2: all of the time it was their mom.
- 4:58Speaker 3: Oh wow wow.
- 5:00Speaker 2: And I kept not always ninety five percent of the time,
- 5:05Speaker 2: right right right, and I kept talking about this.
- 5:10Speaker 3: I was so blown away.
- 5:12Speaker 2: And my kids said, you have to write a book.
- 5:14Speaker 2: And I said, I can't write a book. And they're like, no,
- 5:16Speaker 2: you have to write a book. I said, I can't
- 5:18Speaker 2: write a book. They said, you have to write a book.
- 5:20Speaker 2: So they wrote the forward. They said everyone needs someone
- 5:23Speaker 2: to believe in them, and sometimes that's even your kids. Oh.
- 5:26Speaker 3: I love that. That's amazing.
- 5:28Speaker 2: I decided, you know, I would try to find out.
- 5:32Speaker 2: I'd be sort of systematic about it and really start
- 5:34Speaker 2: interviewing people. My son, Elliot, said, Mom, do me a favorite.
- 5:38Speaker 2: Don't just interview the billionaires, because first of all, they're
- 5:42Speaker 2: all white men, and second of all, that's not what
- 5:48Speaker 2: anyone's kid is going to end up being, and that
- 5:50Speaker 2: also isn't the goal for ours. The goal is to
- 5:55Speaker 2: start something you're passionate about that you can you know,
- 5:58Speaker 2: make a life out of and that gives you joy
- 6:01Speaker 2: and so that you have a fulfilling career. It's not
- 6:04Speaker 2: to become a billionaire. If you want to become a billionaire,
- 6:07Speaker 2: you know, go to Wall Street. So I cast my
- 6:12Speaker 2: net broadly, half men, half women, every race, every religion,
- 6:16Speaker 2: every socioeconomic background, small families, big families, divorced parents, single moms,
- 6:24Speaker 2: blended families, small towns, big cities, born here, born overseas,
- 6:28Speaker 2: every thing you could think of, going into for profit
- 6:32Speaker 2: nonprofit artists, activists, And I started interviewing them and they
- 6:38Speaker 2: were basically always the same, and it just knocked my
- 6:42Speaker 2: socks off. I was like floored, and I just started
- 6:47Speaker 2: getting really really excited about it. And so that's kind
- 6:51Speaker 2: of been my passion. And back to what you're saying,
- 6:57Speaker 2: I mean, I think the problem is, as you say
- 7:00Speaker 2: said Julie, everyone wants their child to be successful and happy,
- 7:04Speaker 2: and they think that for that to happen, they have
- 7:07Speaker 2: to follow the path that worked when they were growing up.
- 7:10Speaker 2: And as you said, it's a different world. Yeah, and
- 7:15Speaker 2: it may work for some kids. You could have a
- 7:18Speaker 2: kid who just wants to study science all day and
- 7:21Speaker 2: as a straight a science student and wants to be
- 7:24Speaker 2: a doctor. Great, but you may have a very different
- 7:27Speaker 2: kind of kid, and you can't force that kid to
- 7:30Speaker 2: be the kind of person you think they have to
- 7:32Speaker 2: be if they want to be successful. You have to look,
- 7:36Speaker 2: you have to pay attention, you have to watch them.
- 7:39Speaker 2: You have to see what gives them joy, and then
- 7:42Speaker 2: you can't say when they're doing the thing that gives
- 7:44Speaker 2: them joy, Oh, stop spending so much time playing tennis,
- 7:50Speaker 2: playing soccer, swimming, cooking, sewing, building things, writing music, acting, singing,
- 8:00Speaker 2: answering whatever it is they're doing, and go study trigonometry
- 8:05Speaker 2: because they don't need trigonometry.
- 8:07Speaker 3: They need Yeah, they needed.
- 8:10Speaker 2: To spend time doing what they have chosen and what
- 8:14Speaker 2: they love, and they need to start working at it
- 8:17Speaker 2: really really hard, and they need to develop you know,
- 8:21Speaker 2: grit and focus and self confidence. And I mean, I'm
- 8:23Speaker 2: happy to talk about that later, but it's just so
- 8:25Speaker 2: important for parents to see what gives their child joy
- 8:28Speaker 2: and then to support that.
- 8:30Speaker 4: Right right, And you know, we've had such a move
- 8:33Speaker 4: for a while in this country, a push towards stem
- 8:35Speaker 4: and listen. I literally am the kid of a rocket scientist.
- 8:38Speaker 4: If there was anybody who was preaching the STEM message.
- 8:41Speaker 4: Before there was a STEM message, it was my dad.
- 8:43Speaker 4: I mean, he really wanted us to do well in
- 8:45Speaker 4: the sciences, in math, all of that. And yet ironically,
- 8:49Speaker 4: now we're in a situation, particularly with AI, just you know,
- 8:53Speaker 4: moving so fast. I'm not saying that we don't need
- 8:56Speaker 4: STEM anymore, but the guarantee that if you went into
- 8:59Speaker 4: STEM it was going to mean some kind of career
- 9:01Speaker 4: has definitely shifted. One of my adult children is a
- 9:05Speaker 4: software engineer. She's phenomenal. Her husband also, and they're doing
- 9:09Speaker 4: really exciting and cool stuff. But there's no denying that
- 9:12Speaker 4: if she were starting that career today, it would look
- 9:15Speaker 4: very different in terms of its early stages than it
- 9:18Speaker 4: did when she actually got started.
- 9:20Speaker 3: Just a decade ago. I mean, this is how.
- 9:22Speaker 4: Fast things are moving. And I know that we want
- 9:25Speaker 4: to have guaranteed systems and processes. So we think if
- 9:29Speaker 4: we can put our kids into these degree programs, into
- 9:31Speaker 4: that school, into this opportunity, that's going to resolve all
- 9:35Speaker 4: of this and make it work. And yet with as
- 9:38Speaker 4: quickly as things are moving, we actually need to be
- 9:40Speaker 4: preparing them. If we're talking about the standardized job market,
- 9:44Speaker 4: we're talking about having to prepare them for jobs that
- 9:46Speaker 4: probably don't even exist yet. And there's also a mindset,
- 9:50Speaker 4: Margo that I think is really interesting. What I loved
- 9:53Speaker 4: is I was looking through your work these seventy different
- 9:56Speaker 4: entrepreneurs that you interviewed to understand what their childhoods had
- 9:59Speaker 4: been like with the messa they got was like, what
- 10:02Speaker 4: kept bubbling up to me is that many of the
- 10:05Speaker 4: qualities we want our kids to have, regardless whether they
- 10:07Speaker 4: go what we might call a traditional path or whether
- 10:10Speaker 4: they might go into something entrepreneurial, we want our kids
- 10:13Speaker 4: to have grit and resilience and innovation in their lives.
- 10:18Speaker 4: We want them to be able to think outside of
- 10:20Speaker 4: the box, regardless of which path that is. And so
- 10:25Speaker 4: to some degree, having an entrepreneurial mindset, even if you
- 10:28Speaker 4: don't end up starting your own business or whatever, is
- 10:32Speaker 4: still going to serve you incredibly well, in my book,
- 10:36Speaker 4: because it carries with it these great qualities of really,
- 10:42Speaker 4: you know, getting in there and trying hard and observing
- 10:46Speaker 4: what's going on and being self aware. I mean, these
- 10:48Speaker 4: are all fantastic little things that come off, you know,
- 10:52Speaker 4: on the other side of things, regardless of which path.
- 10:55Speaker 3: So what did you notice.
- 10:57Speaker 4: In terms of I love that you found that moms
- 11:00Speaker 4: were often so critical in what they were saying as
- 11:04Speaker 4: part of the success of these entrepreneurs. What were some
- 11:07Speaker 4: other things that you noticed in interviewing these seventy very
- 11:11Speaker 4: diverse people who all seem to have kind of a
- 11:14Speaker 4: similar experience that you thought, Wow, I just hadn't thought
- 11:17Speaker 4: of that as part of a catalog of things that
- 11:19Speaker 4: you'd want to have in place, or you'd want to
- 11:21Speaker 4: develop when it comes to looking at a success beyond
- 11:24Speaker 4: whatever our traditional models are right now.
- 11:27Speaker 2: So there's so many things I want to say. Yeah, first,
- 11:30Speaker 2: if I can jump back a minute to what you
- 11:32Speaker 2: said a minute ago about even if they don't become entrepreneurs,
- 11:36Speaker 2: they should have these entrepreneurial qualities. I think it's really
- 11:40Speaker 2: important for parents to understand that you can't make your
- 11:43Speaker 2: child an entrepreneur, right right. You can't make them an
- 11:47Speaker 2: orchestra conductor, you can't make them a doctor. You have
- 11:50Speaker 2: to see what they want to become. But as you said, Julie,
- 11:55Speaker 2: you can make them more entrepreneurial so that whatever they
- 11:59Speaker 2: do in their life, they will be better at it.
- 12:03Speaker 2: And if I may be indulged, I have It's like
- 12:05Speaker 2: my favorite paragraph in the book. I say, even if
- 12:09Speaker 2: your child doesn't want to be an entrepreneur, encouraging them
- 12:13Speaker 2: to become more entrepreneurial by promoting certain attitudes can only
- 12:18Speaker 2: be a good thing. All children thrive if they learn
- 12:23Speaker 2: to believe in themselves, to pursue their true passions, to
- 12:28Speaker 2: find new ways to solve old problems, To see opportunity
- 12:33Speaker 2: where others see the status quo. To be willing to
- 12:37Speaker 2: take on a challenge without proper credentials, to work with
- 12:42Speaker 2: single minded determination, to achieve a goal, To take on
- 12:46Speaker 2: risk if the project is worth trying. To learn that
- 12:50Speaker 2: building something wonderful is its own reward, regardless of how
- 12:53Speaker 2: much money you make. To view failure as feedback and
- 12:57Speaker 2: setbacks as learning experiences, and to dream big dreams.
- 13:05Speaker 5: You think that you are in the final round of
- 13:09Speaker 5: getting all this parenting done. You've got kids who are
- 13:12Speaker 5: in high school, You're starting to think about college, and
- 13:15Speaker 5: you're thinking, this is it.
- 13:16Speaker 3: I'm Julie Lyles Carr.
- 13:17Speaker 5: I am a podcaster and I'm a mom of eight,
- 13:20Speaker 5: and here's what I want you to know about.
- 13:22Speaker 3: George Fox University.
- 13:24Speaker 5: It's a different way of doing college why Because, yes,
- 13:28Speaker 5: it's all about getting a fantastic degree to set your
- 13:31Speaker 5: kid up for their future. They have sixty undergrad programs
- 13:34Speaker 5: available at George Fox University.
- 13:37Speaker 3: But that's not where the story ends. It's also about
- 13:40Speaker 3: equipping them spiritually.
- 13:42Speaker 5: If you get out of college with a degree but
- 13:44Speaker 5: you don't have a closer relationship with God, that obviously
- 13:47Speaker 5: is going to deeply impact what your young adult life
- 13:51Speaker 5: looks like. So for your kids, I want you to
- 13:54Speaker 5: consider what would it mean for your child to be
- 13:57Speaker 5: able to go to George Fox University where ninety three
- 14:01Speaker 5: of George Fox students say they now have a closer
- 14:04Speaker 5: relationship with Jesus. George Fox University is located in the
- 14:08Speaker 5: Pacific northwestern Oregon.
- 14:10Speaker 1: They have twenty three Division three athletic programs, and one
- 14:15Speaker 1: hundred percent of students at George Fox University receive financial aid.
- 14:21Speaker 3: George Fox University is dedicated to their promise. They want
- 14:24Speaker 3: every student.
- 14:25Speaker 1: To be known for who God created them to be.
- 14:28Speaker 5: So listen, parents, Yeah, you are getting into some of
- 14:31Speaker 5: those final laps, but you definitely want to make these
- 14:35Speaker 5: last laps count in a big way when it comes
- 14:38Speaker 5: to the legacy of your parenting, So be sure and
- 14:40Speaker 5: check out for your student.
- 14:42Speaker 3: George Fox dot edu.
- 14:45Speaker 2: That's George Fox dot edu.
- 14:51Speaker 3: Oh, I love every bit of that. That's amazing. I
- 14:54Speaker 3: love it.
- 14:57Speaker 2: And so I think it's just very important for parents
- 15:01Speaker 2: to have these attitudes, you know, when they're raising their kids.
- 15:05Speaker 2: And every entrepreneur I've talked to had a passion outside
- 15:11Speaker 2: of school when they were growing up, and in every case,
- 15:16Speaker 2: although sometimes it took a big goal, in every case
- 15:20Speaker 2: the parents supported that passion, like thirty forty percent of them.
- 15:24Speaker 2: It was sports. Only one person that I've talked to
- 15:28Speaker 2: became a professional athlete for a short time before becoming
- 15:31Speaker 2: an entrepreneur. But and my older son, he was a
- 15:35Speaker 2: tennis player, and he was actually honored by the tennis
- 15:38Speaker 2: center where he had trained, and he said, everything I
- 15:42Speaker 2: am today is because of tennis. I didn't really like school,
- 15:46Speaker 2: I didn't work that hard. Tennis is where I learned
- 15:49Speaker 2: grit and focus and determination and resilience and the payoff
- 15:53Speaker 2: of hard work and how to deal with failure and
- 15:56Speaker 2: how to pivot when things aren't going right. He said,
- 15:58Speaker 2: all of the things that have made me success full
- 16:01Speaker 2: in my entrepreneurial journey and so I just think it's
- 16:04Speaker 2: so important for parents to understand that what their kids
- 16:08Speaker 2: are doing not what your parents. What the parents are saying,
- 16:10Speaker 2: do this, do this, do this, put this on your
- 16:13Speaker 2: resume for you know, so you can get into a
- 16:15Speaker 2: good school. Do this, do this, do this. But they're
- 16:17Speaker 2: seeing what the kid enjoys doing, right, right, And then
- 16:22Speaker 2: they're saying, oh, I'm one that you're working really hard
- 16:26Speaker 2: at that. That's really good. Oh you failed, What did
- 16:29Speaker 2: you learn from that? What would you do differently? Not
- 16:32Speaker 2: that it's a mistake, you know, right, And we're so
- 16:35Speaker 2: proud of you for the effort you're putting into that, right.
- 16:39Speaker 2: You know.
- 16:39Speaker 4: I found the very same thing to be true. I
- 16:41Speaker 4: had several kids who danced, and I did end up
- 16:43Speaker 4: with two professional dancers out of it. But I wrote
- 16:46Speaker 4: in my first book, raising an Original, the thing is
- 16:49Speaker 4: not the thing like it's probably not going to be
- 16:52Speaker 4: dance or tennis. It's the thing you're getting out of it.
- 16:55Speaker 4: And as I look at the schedules of parents today
- 16:58Speaker 4: and just how in hence competitive sports are for kids
- 17:02Speaker 4: or other activities, the thing I always encourage is, but
- 17:06Speaker 4: you know, are you making the thing like the whole thing,
- 17:10Speaker 4: or are there lessons aside from this that you're really
- 17:13Speaker 4: focusing on, because I think that helps you really then
- 17:15Speaker 4: adapt the schedule and how deep into this thing you're
- 17:17Speaker 4: going to go, because if they are missing some of
- 17:20Speaker 4: those lessons in chasing this pursuit, the statistics Honestly, Margo,
- 17:25Speaker 4: you know this, they're not in your favor that your
- 17:27Speaker 4: kid's going to become the professional athlete or the astronaut
- 17:30Speaker 4: or whatever. That's not to say we don't believe in
- 17:32Speaker 4: our kids and we don't want them to chase the
- 17:34Speaker 4: things they're excited about. It's just to say, we need
- 17:37Speaker 4: to make sure there are other lessons that are coming
- 17:40Speaker 4: out of it that are going to feed Talk to
- 17:43Speaker 4: me about the entrepreneurial landscape when it comes to some
- 17:45Speaker 4: of the more traditional models we've looked at. You know,
- 17:48Speaker 4: for example, back in the day when when my folks
- 17:50Speaker 4: went to college, you went to college for a specific job,
- 17:53Speaker 4: and when you got out of college, you interviewed for
- 17:55Speaker 4: that specific job. By the time I went to college,
- 17:58Speaker 4: it was already much more wide open. There were still
- 18:01Speaker 4: lanes that were specific. If you wanted to be a psychologist,
- 18:05Speaker 4: you went through this course of study, but by that point,
- 18:08Speaker 4: even in business it was much more broad, which was
- 18:12Speaker 4: a little bit discombobulating for second third generation college attendees
- 18:17Speaker 4: when their parents had had such a clear path on
- 18:20Speaker 4: what they were going to be doing.
- 18:22Speaker 3: What are you.
- 18:23Speaker 4: Seeing in terms of this collision of education and entrepreneurialism.
- 18:27Speaker 4: How are they supporting each other? And how do we
- 18:29Speaker 4: sometimes have models that are a little bit defunct as
- 18:33Speaker 4: we look at where things are headed.
- 18:35Speaker 2: I mean, I think there's a couple different answers to that.
- 18:39Speaker 2: One is that in this whole AI world, which nobody
- 18:41Speaker 2: really knows how it's.
- 18:43Speaker 3: Yeah, we don't know what that's going to all do.
- 18:44Speaker 2: Yeah, But I think that among the skills you're going
- 18:49Speaker 2: to have to have are how to ask questions, how
- 18:54Speaker 2: to know what's real, how to communicate, how to write,
- 18:58Speaker 2: how to talk to people, to convince people, how to
- 19:01Speaker 2: give talks, you know, I mean, how to work with teams,
- 19:06Speaker 2: how to lead a team, how to be part of
- 19:08Speaker 2: a team. I mean, all these things that are so
- 19:11Speaker 2: much more important than did you learn your trigonometry? Right?
- 19:16Speaker 2: It's also this whole return to work thing. I mean,
- 19:18Speaker 2: I think kids have finally figured out that if they're
- 19:21Speaker 2: not in the office the first few years in their career.
- 19:25Speaker 2: They're not going to get mentorship. They're not going to
- 19:27Speaker 2: see how things are being done and be able to
- 19:30Speaker 2: come up with good ideas ab how things could be changed.
- 19:33Speaker 2: I mean, so, I just think there's so much going on.
- 19:37Speaker 2: And I mean, I can't tell you how many young
- 19:40Speaker 2: people I know they write these emails. I'm just yeah, God,
- 19:45Speaker 2: did anyone ever teach you like these grammar rules? And
- 19:48Speaker 2: they're like, oh, yeah, I knew that role. I guess
- 19:50Speaker 2: I forgot it. I'm just okay, why not to judge
- 19:55Speaker 2: you too, Harshley, Ye never learned to write?
- 20:00Speaker 3: Yeah, I think.
- 20:01Speaker 4: The soft skills piece of it is so mission critical
- 20:04Speaker 4: at this point. And I will say I think there
- 20:07Speaker 4: are areas that we did pretty good with our kids
- 20:11Speaker 4: in some of that, and then in some areas I
- 20:13Speaker 4: was a little too probably focused on math facts or whatever, spelling,
- 20:17Speaker 4: you know, whatever. And because sometimes from my kids, I
- 20:21Speaker 4: will hear, well, if I don't get the degree in this,
- 20:26Speaker 4: I'll never get to do X y Z. Or a
- 20:28Speaker 4: little bit of hesitancy sometimes around entrepreneurialism, as if corporate
- 20:31Speaker 4: were some kind of guarantee, which you and I both
- 20:35Speaker 4: know it's not. I mean, we've had the experience now
- 20:38Speaker 4: in our lives of seeing people pour out their lives
- 20:41Speaker 4: into a corporate situation and then it gets acquired, or
- 20:43Speaker 4: it gets sold, or the new manager comes in and
- 20:46Speaker 4: just takes everybody out, whatever the thing is. And so
- 20:49Speaker 4: sometimes there's this mythology that develops around, well, if you
- 20:53Speaker 4: go this corporate route, then you're guaranteed to have xyz position.
- 20:59Speaker 4: And that is just not the landscape anymore.
- 21:01Speaker 3: Either, is it.
- 21:02Speaker 2: No guarantees anymore? Yeah, no guarantees. And you know, also
- 21:08Speaker 2: with the cost of education today, yeah, it's you know,
- 21:12Speaker 2: my husband and I both have advanced degrees from fancy schools.
- 21:16Speaker 2: My dad was a professor. I grew up in college towns.
- 21:19Speaker 2: I didn't know anyone who hadn't graduated from college. I mean,
- 21:22Speaker 2: it just didn't occur to me that I could have
- 21:25Speaker 2: a kid who didn't graduate from college. And my oldest son,
- 21:28Speaker 2: the one who started Summit, dropped out after two and
- 21:31Speaker 2: a half years, and you know, it's hard for parents.
- 21:38Speaker 2: I was giving a talk up at a Summit event
- 21:40Speaker 2: and a dad came up to me afterwards and he said,
- 21:43Speaker 2: you know, can I talk to you I'm so distraught.
- 21:44Speaker 2: I haven't talked to my son in three weeks. He
- 21:47Speaker 2: started a stupid little company in his dorm room, and
- 21:49Speaker 2: he's just announced he's dropping out of college and he's
- 21:52Speaker 2: going to move home and work on his company. And
- 21:54Speaker 2: I think he's ruining his life. And I'm so upset.
- 21:56Speaker 2: I don't know what to do. And I called over
- 21:59Speaker 2: this then I knew had dropped out of college and
- 22:01Speaker 2: made a gazillion dollars. I said, Craig, you have a
- 22:05Speaker 2: choice of hiring two people for your company. One of
- 22:09Speaker 2: them started a company in college, tried to make it
- 22:13Speaker 2: a go of it, worked on it a couple of years,
- 22:15Speaker 2: decided it really wasn't the right thing and he needed
- 22:17Speaker 2: to work in a big company and see how companies
- 22:19Speaker 2: really work. The other one stayed in college, wasn't particularly
- 22:23Speaker 2: motivated by any particular subject area, but did stay in
- 22:27Speaker 2: college and somehow graduated. Which one are you going to hire?
- 22:30Speaker 2: And Craig, without blinking, said I'm going to hire the
- 22:32Speaker 2: first one, and so are the other three hundred people
- 22:34Speaker 2: in this room.
- 22:35Speaker 3: Yeah.
- 22:36Speaker 2: The dad was just like, wow, oh gosh, thank you,
- 22:43Speaker 2: like I had no idea, Like he thought his son
- 22:47Speaker 2: was ruining his life and he wasn't. And I just
- 22:52Speaker 2: think it's hard for parents. They don't mean to be awful,
- 22:55Speaker 2: they just don't know. Right, No guarantees, right right, No guarantees.
- 23:03Speaker 2: And look, if you want to go to Wall Street, yes,
- 23:05Speaker 2: you have to go to a really good college, you
- 23:07Speaker 2: have to get really good grades. You have to get
- 23:08Speaker 2: into an even better school to get your MBA, and
- 23:11Speaker 2: you have to get really good grades, and then you
- 23:12Speaker 2: can go to you know, Merylin or Goldmen Sex or
- 23:15Speaker 2: whatever you want to you know, do whatever. But if
- 23:18Speaker 2: you want to become an entrepreneur, nobody cares.
- 23:22Speaker 4: Yeah, they just want to see your results. They want
- 23:23Speaker 4: to see that you're in there, that you're serving whatever
- 23:26Speaker 4: it is that you've decided is a thing that you
- 23:28Speaker 4: have to offer, that you're doing that at a high
- 23:29Speaker 4: degree of excellence.
- 23:31Speaker 3: But that's it.
- 23:32Speaker 4: Nobody's back there at checking out your GPA from you know,
- 23:35Speaker 4: ten years ago.
- 23:35Speaker 3: They don't care talk.
- 23:38Speaker 4: To me about because you and are both big believers
- 23:40Speaker 4: and you know, encouraging our kids and the things that
- 23:42Speaker 4: they love and seeing if that's a laying potentially that
- 23:44Speaker 4: there is some kind of adjacent role that they might
- 23:48Speaker 4: want to play or a business they see that could develop.
- 23:51Speaker 4: But we also know that there's potential heartbreak. You know,
- 23:55Speaker 4: the one that says I want to do this thing
- 23:57Speaker 4: that's really hard to get into, and you know that
- 23:59Speaker 4: they're they're giving it a lot of heart, but you're
- 24:02Speaker 4: also having to be honest with yourself that the gap
- 24:04Speaker 4: between where their level is and where the other you know,
- 24:08Speaker 4: where the base level is for let's say professional baseball
- 24:12Speaker 4: or you know, I'm not saying it has to be sports,
- 24:14Speaker 4: but whatever that is. How do we do that encouragement
- 24:18Speaker 4: without setting them up for heartbreak. I think this is
- 24:20Speaker 4: something that's hard for parents along the lines of the
- 24:23Speaker 4: guy that you met who.
- 24:24Speaker 3: Was like, my son's going to ruin his life if
- 24:25Speaker 3: he drops out of school.
- 24:27Speaker 4: But there is a certain level of going, wow, I
- 24:32Speaker 4: don't want to unintentionally if you will, gaslight my kid.
- 24:36Speaker 4: I want them to know I believe in them, but
- 24:38Speaker 4: I don't want to not be fully honest and disclosing
- 24:42Speaker 4: about some of the challenges or the gaps that might
- 24:44Speaker 4: be there.
- 24:45Speaker 3: How do we do that?
- 24:47Speaker 2: First of all, they have to know that nobody's going
- 24:51Speaker 2: to get where they want to go in one smooth
- 24:55Speaker 2: path without some side steps and some fumbles and some
- 24:59Speaker 2: fall and you know, life is not like this. Yeah,
- 25:05Speaker 2: life is like this, you know, and they have to
- 25:10Speaker 2: be prepared, you know. If it didn't work the first time,
- 25:14Speaker 2: do they want to try again? Well they do it differently?
- 25:16Speaker 2: What did they learn? You know, is this the right approach?
- 25:18Speaker 2: Maybe they should try something different. I mean, maybe they
- 25:21Speaker 2: shouldn't try D one. Maybe they should try D three.
- 25:24Speaker 2: You know, maybe they should maybe they should think of
- 25:26Speaker 2: a career coaching instead of you know, trying to I mean,
- 25:29Speaker 2: you know, you have to look at at different options.
- 25:32Speaker 2: We always told our younger son, who's the musician, who
- 25:36Speaker 2: was like, discovered songwriting when he was thirteen and wrote
- 25:40Speaker 2: three hundred songs before he graduated from high school.
- 25:43Speaker 3: It was his life.
- 25:44Speaker 2: And I said, you're incredibly talented. We have all the
- 25:47Speaker 2: faith and belief in you and the world. It's hard
- 25:50Speaker 2: to make it as a pop star. And just so
- 25:52Speaker 2: you know that, just so you have other things that
- 25:55Speaker 2: excite you, you know, writing movie scores, writing music for
- 25:59Speaker 2: other people, I mean, doing all sorts of other things
- 26:02Speaker 2: with music. I always knew he could get a career
- 26:05Speaker 2: in music if the performance part didn't work out. Happily.
- 26:10Speaker 2: He's doing really well, but you know there have to
- 26:17Speaker 2: be you know, gee, I'm going to try this, and
- 26:19Speaker 2: if this doesn't work, I'm going to try this, and
- 26:20Speaker 2: if this doesn't work, I'm going to try this. And
- 26:23Speaker 2: I mean my son actually he had a band, Magic Giant.
- 26:27Speaker 2: They were you know, for about ten years. They were
- 26:29Speaker 2: doing really really well. Winter of twenty twenty, they were
- 26:33Speaker 2: on a forty city tour with like three to five
- 26:37Speaker 2: hundred people in every city who knew all the words
- 26:39Speaker 2: and were jumping up and down and singing along. Friday,
- 26:43Speaker 2: March sixth, twenty twenty, they were on Good Morning America.
- 26:46Speaker 2: They thought, finally, finally were there, you know, they were
- 26:50Speaker 2: going to get it, yeah, and wait three weeks and
- 26:52Speaker 2: go out on their spring tour, and then Monday everything
- 26:54Speaker 2: shut down.
- 26:55Speaker 3: Yep.
- 26:56Speaker 2: Yeah, and you know, crowded indoor or rooms for three
- 27:01Speaker 2: hundred people are going to be the last thing that
- 27:04Speaker 2: opens back up, right, And you know, now he started
- 27:09Speaker 2: a different band with his wife, a folk duo called
- 27:12Speaker 2: Somewhere in Between, and it's just so much easier, you know,
- 27:15Speaker 2: it's just the two of them. They don't have to
- 27:17Speaker 2: pay you know, a fortune to bring a giant bus
- 27:20Speaker 2: with twelve people and a professional driver to you know,
- 27:24Speaker 2: so you pivot.
- 27:26Speaker 4: Yeah, yeah, And I think that's part of that entrepreneurial spirit,
- 27:29Speaker 4: because here's the irony is we can say, well, you know,
- 27:32Speaker 4: we can get too attached to this traditional path of
- 27:35Speaker 4: going to send them to a trade school, are going
- 27:36Speaker 4: to send them to college, and they're going to get
- 27:38Speaker 4: this job and do this, this, this, But we can
- 27:40Speaker 4: actually do the same thing with some of the things
- 27:42Speaker 4: that seem a little more off road, like musicianship or
- 27:44Speaker 4: dance or whatever. The thing is that, oh no, if
- 27:47Speaker 4: you just do this and you're going to get guaranteed results.
- 27:49Speaker 4: And of course, look at the story of your son.
- 27:51Speaker 4: I mean, those things happen, and they happen inside corporate
- 27:55Speaker 4: and they happen within the entrepreneurial world. The thing that
- 27:58Speaker 4: I think distinguished is that entrepreneurial spirit is that willingness
- 28:02Speaker 4: to go all right, new thing, I'm going to just
- 28:06Speaker 4: I know that I've got the ability to make a change,
- 28:10Speaker 4: to make an adjustment, to see a different kind of
- 28:13Speaker 4: need and come up with a creative way to meet
- 28:15Speaker 4: that need.
- 28:16Speaker 3: And that's the part.
- 28:17Speaker 4: That I want to make sure that I'm instilling within
- 28:20Speaker 4: my kids. I think that's so amazing. Tell me about
- 28:24Speaker 4: how as parents, on say your random average Tuesday, we
- 28:29Speaker 4: can be doing some things very practical, very tactical, that
- 28:34Speaker 4: help our kids think outside of the box when it
- 28:36Speaker 4: comes to what their future careers could look like. Because
- 28:40Speaker 4: so often we're focused on getting the homework done and
- 28:43Speaker 4: getting to soccer practice.
- 28:44Speaker 3: But what are some of the.
- 28:45Speaker 4: Narratives that we need to begin infusing so our kids
- 28:48Speaker 4: even realize there are other possibilities out there.
- 28:52Speaker 2: Yeah. I don't know how much I would start focusing
- 28:54Speaker 2: on careers when they're in high school. I mean just
- 28:58Speaker 2: I would just more focus on on what they enjoy
- 29:01Speaker 2: and maybe, you know, introduce them to different kinds of things.
- 29:07Speaker 2: But I think the important thing is to teach them
- 29:10Speaker 2: to be curious, look at every situation, saying does it
- 29:16Speaker 2: have to be like this? Could I do it differently?
- 29:19Speaker 2: Could I make it better? Is there something I could change?
- 29:22Speaker 2: And you know, I just think and also maybe talk
- 29:28Speaker 2: you know, to as many different people as you can.
- 29:32Speaker 2: I mean, it's just so funny. We didn't even know
- 29:34Speaker 2: commercial real estate existed as a career.
- 29:39Speaker 4: Yeah, I mean those you know, think about all the
- 29:41Speaker 4: people who have started into that, whether that's Airbnb or
- 29:45Speaker 4: they start building a portfolio of real estate. And nobody
- 29:49Speaker 4: was saying that at career Day. There wasn't a booth,
- 29:51Speaker 4: you know, career day about how to do something like that.
- 29:54Speaker 2: I know, and I think, now, wow, I mean, I
- 29:57Speaker 2: probably would have loved to have, you know, done stuff
- 30:01Speaker 2: like that and put tried to recreate cities and put
- 30:04Speaker 2: buildings in different parts of cities. But I didn't even
- 30:07Speaker 2: occur to me that was a career option. And I
- 30:11Speaker 2: just think it's it's also just good to kind of
- 30:15Speaker 2: look at situations and ask yourself, could I do something differently?
- 30:19Speaker 2: Could I change something that One of the people in
- 30:22Speaker 2: my book that I just adored, Joel Holland, he was
- 30:25Speaker 2: in high school. He went to the career center and
- 30:28Speaker 2: he looked at what was there for all the different
- 30:30Speaker 2: career options, and he thought this is really bad. And
- 30:33Speaker 2: so he wrote to a company and said, if I
- 30:36Speaker 2: can get interviews with the following twenty you know, CEOs
- 30:39Speaker 2: about what their what career would be like in their field,
- 30:43Speaker 2: would you fund me? And they said, well, if you
- 30:45Speaker 2: can get interviews with those people, because they thought he
- 30:47Speaker 2: couldn't and he got interviews with all the people, and
- 30:51Speaker 2: so he started going around the country interviewing people so
- 30:55Speaker 2: that he could put together some you know, really more
- 30:57Speaker 2: interesting stuff for his school career center. And one of
- 31:02Speaker 2: the people that he interviewed was Governor Schwarzenegger in California,
- 31:06Speaker 2: and he thought, you know, this should be a really
- 31:10Speaker 2: interesting interview, and it's so visually boring. Why can't I
- 31:14Speaker 2: have a picture like of the Hollywood sign or something
- 31:16Speaker 2: behind it? And so then he looked into it and
- 31:18Speaker 2: discovered there was no easy way to get stock film
- 31:21Speaker 2: footage online. So then he started a company to get
- 31:26Speaker 2: stock film footage online. Yeah yeah, and he you know,
- 31:30Speaker 2: is called Footage Firm. And he he went to Babson.
- 31:34Speaker 2: He was majoring entrepreneurship. He was doing this little company
- 31:37Speaker 2: on the side. He was a senior and all his
- 31:41Speaker 2: friends were going to Wall Street and he was getting
- 31:42Speaker 2: these big job offers. And he said to his parents,
- 31:45Speaker 2: you know, I think if I can get a job
- 31:47Speaker 2: offer now, I can get a job offer. In a
- 31:49Speaker 2: few years, I'm going to move home and work on
- 31:51Speaker 2: this company. And you know, eight years later he sold
- 31:55Speaker 2: half of it for ten million dollars or something. Got
- 31:57Speaker 2: an RV started driving around the country and thought, you know,
- 32:02Speaker 2: I'm stuck staying in all these horrible RV parks when
- 32:04Speaker 2: there seem to be so many interesting places to stay,
- 32:07Speaker 2: like wineries and farms. Why can't we stay there?
- 32:11Speaker 3: So that was his next venture. Yeah, yeah, harvest hosts. Yeah.
- 32:16Speaker 2: So the point is like, could a career person have said, well,
- 32:20Speaker 2: you should look into a business in the stock footage area,
- 32:24Speaker 2: and then you should look into a business for our
- 32:26Speaker 2: V owners. No, it's just he was raised to be curious. Yeah,
- 32:31Speaker 2: he was raised to look at situations and ask could
- 32:34Speaker 2: I do something differently?
- 32:37Speaker 3: I love that. I think that's such an important question.
- 32:39Speaker 4: My husband's a speaker and he actually has a keynote
- 32:42Speaker 4: that he does on cultivating curiosity in that way, and
- 32:46Speaker 4: it's so beautiful to hear it attached to this entrepreneurial experience.
- 32:50Speaker 3: Well, I'm so thrilled for you.
- 32:52Speaker 4: I want to encourage the listener to go check out
- 32:54Speaker 4: your book Raising an Entrepreneur, How to help your children
- 32:56Speaker 4: achieve their dreams? Margot, where's the best place for the
- 32:59Speaker 4: audience to go you and see all the great stuff
- 33:01Speaker 4: you're doing. And when you're watching on YouTube, you'll be
- 33:03Speaker 4: able to see the beautiful cover that she's got and
- 33:05Speaker 4: all the amazing stories.
- 33:07Speaker 3: So where can the listener go to.
- 33:09Speaker 4: Find you and be able to get more of your
- 33:10Speaker 4: great resources.
- 33:11Speaker 2: So you can go to my website Raising an Entrepreneur
- 33:14Speaker 2: dot com and there's links to the book, or you
- 33:16Speaker 2: can just go straight to my you know, to Amazon,
- 33:19Speaker 2: make sure you get the second edition, which is called
- 33:22Speaker 2: Raising an Entrepreneur How to help your children Achieve their Dreams.
- 33:26Speaker 2: I just want to leave with them because I know
- 33:28Speaker 2: this is mostly moms. I always tell moms they have
- 33:31Speaker 2: three choices in life. They can not work and feel guilty,
- 33:36Speaker 2: they can work full time and feel guilty, and they
- 33:39Speaker 2: can work part time and feel guilty.
- 33:42Speaker 4: Truth so true, And in all of it, you know
- 33:49Speaker 4: where whatever mom's doing, you're doing good.
- 33:52Speaker 3: Mom, You're doing good, whatever that looks like.
- 33:55Speaker 4: So raise an Entrepreneur, Raise an Original.
- 33:58Speaker 3: I love this so much.
- 33:59Speaker 4: Well, Margo, thank you so much for your time today
- 34:01Speaker 4: and for the time and care that you've taken to
- 34:05Speaker 4: bring these stories together and to take a look and
- 34:07Speaker 4: to reinforce for us and remind us as moms just
- 34:10Speaker 4: how important our encouragement, our love are. Modeling of curiosity
- 34:15Speaker 4: and our belief that our kids can do great things.
- 34:17Speaker 4: How mission critical that is. Thank you so much for
- 34:21Speaker 4: both telling us that, reminding us of that, and encouraging
- 34:24Speaker 4: us to continue in that way.
- 34:26Speaker 3: Thank you so much.
- 34:27Speaker 2: Thank you so much, Julie. I love the conversation and
- 34:29Speaker 2: it's so important.
- 34:31Speaker 3: Absolutely all right, listener, you know what to do.
- 34:34Speaker 4: Go find all of Margo's great stuff. Rebecca, We'll put
- 34:36Speaker 4: that in the show notes. That's assignment number one.
- 34:38Speaker 3: Go to those show notes.
- 34:39Speaker 4: Also, grab this link and share it with other people
- 34:42Speaker 4: in your life. That's one of the best thank yous
- 34:44Speaker 4: you can give us when an interview just hits right
- 34:46Speaker 4: in the middle of something that you've been thinking about,
- 34:48Speaker 4: or you've been chatting about on your neighborhood walk with
- 34:50Speaker 4: your friend. How you're going to be preparing your kids
- 34:52Speaker 4: for the next season and the next what their careers
- 34:55Speaker 4: are going to look like. This is a perfect episode
- 34:58Speaker 4: to send so that we can all be thinking about
- 35:00Speaker 4: what we want to do to help our kids be
- 35:02Speaker 4: prepared for what the future may hold for them. I
- 35:05Speaker 4: love it too when you come over to Instagram and
- 35:07Speaker 4: say hi to me on the socials.
- 35:08Speaker 3: Hey, get into my DMS.
- 35:10Speaker 4: Tell me the conversations, topics and guests that you are
- 35:12Speaker 4: most interested in, and as always, go to Allmandes dot
- 35:15Speaker 4: com and Allmandes on the socials because that's where you're
- 35:18Speaker 4: going to find a community of women just like you,
- 35:20Speaker 4: working through the work, making sure those kids are being raised,
- 35:24Speaker 4: working on your spiritual relationship with God and also with
- 35:27Speaker 4: your spouse. We love you so much, thank you so
- 35:29Speaker 4: much for listening, and I will see you next time
- 35:31Speaker 4: on the Almandes Podcast.