Press "Enter" to skip to content

Why We Need More Young Entrepreneurs | Richard Lorenzen | TEDxLakeForestCollege


[Music]

[Music] thank you for having me it’s great to be

thank you for having me it’s great to be

thank you for having me it’s great to be here at Lake Forest College so at five

here at Lake Forest College so at five

here at Lake Forest College so at five years old today

years old today

years old today I run one of the fastest growing public

I run one of the fastest growing public

I run one of the fastest growing public relations firms in New York City and I

relations firms in New York City and I

relations firms in New York City and I started that company and began my

started that company and began my

started that company and began my journey as an entrepreneur at 15 years

journey as an entrepreneur at 15 years

journey as an entrepreneur at 15 years old so I’ve had an interesting and

old so I’ve had an interesting and

old so I’ve had an interesting and unconventional 10 years in business and

unconventional 10 years in business and

unconventional 10 years in business and today I’m gonna talk a little bit about

today I’m gonna talk a little bit about

today I’m gonna talk a little bit about how I did it and how I think other

how I did it and how I think other

how I did it and how I think other people can do it as well thanks to

people can do it as well thanks to

people can do it as well thanks to technology the the playing field has

technology the the playing field has

technology the the playing field has never been more level for young people

never been more level for young people

never been more level for young people who want to start a business the

who want to start a business the

who want to start a business the Internet it’s created access its created

Internet it’s created access its created

Internet it’s created access its created cost-effectiveness and it’s created an

cost-effectiveness and it’s created an

cost-effectiveness and it’s created an opportunity for people all over the

opportunity for people all over the

opportunity for people all over the world and from every background to be

world and from every background to be

world and from every background to be able to compete no matter what kind of

able to compete no matter what kind of

able to compete no matter what kind of background would come from how much

background would come from how much

background would come from how much money you might have or what kind of

money you might have or what kind of

money you might have or what kind of education war relationships you might

education war relationships you might

education war relationships you might have and that was something that I was

have and that was something that I was

have and that was something that I was able to take advantage of and now it’s

able to take advantage of and now it’s

able to take advantage of and now it’s something that I’ve devoted my energy to

something that I’ve devoted my energy to

something that I’ve devoted my energy to helping other people and showing other

helping other people and showing other

helping other people and showing other people how to take advantage of it as

people how to take advantage of it as

people how to take advantage of it as well so first I’ll tell you a little bit

well so first I’ll tell you a little bit

well so first I’ll tell you a little bit about how I did it and how I started my

about how I did it and how I started my

about how I did it and how I started my company because that’s what usually

company because that’s what usually

company because that’s what usually people here that I started the company

people here that I started the company

people here that I started the company at 15 years old and they’re like okay

at 15 years old and they’re like okay

at 15 years old and they’re like okay how did you do that so I was a normal

how did you do that so I was a normal

how did you do that so I was a normal kid growing up I was a little bit of a

kid growing up I was a little bit of a

kid growing up I was a little bit of a computer nerd but like most 15 year olds

computer nerd but like most 15 year olds

computer nerd but like most 15 year olds I wanted to find a way to make more

I wanted to find a way to make more

I wanted to find a way to make more money and it started out as simply as

money and it started out as simply as

money and it started out as simply as that I wanted to find a way to make

that I wanted to find a way to make

that I wanted to find a way to make money and I wanted to start my own

money and I wanted to start my own

money and I wanted to start my own business so I started thinking about

business so I started thinking about

business so I started thinking about what kind of business I could start

what kind of business I could start

what kind of business I could start given that I was I was 15 years old and

given that I was I was 15 years old and

given that I was I was 15 years old and I looked at the tools and resources that

I looked at the tools and resources that

I looked at the tools and resources that I had at my disposal and what I might be

I had at my disposal and what I might be

I had at my disposal and what I might be able to do with them I I had a computer

able to do with them I I had a computer

able to do with them I I had a computer and I had an internet connect

and I had an internet connect

and I had an internet connect and I realized that I needed to find

and I realized that I needed to find

and I realized that I needed to find some way to use that to make money

some way to use that to make money

some way to use that to make money product of my generation technology is

product of my generation technology is

product of my generation technology is what I turn to so I started learning

what I turn to so I started learning

what I turn to so I started learning about everything that I could about the

about everything that I could about the

about everything that I could about the internet and about technology and how to

internet and about technology and how to

internet and about technology and how to build a business I started going to the

build a business I started going to the

build a business I started going to the library every week at 15 years old and

library every week at 15 years old and

library every week at 15 years old and checking out every book that I could

checking out every book that I could

checking out every book that I could find about advertising marketing

find about advertising marketing

find about advertising marketing building a business entrepreneurship

building a business entrepreneurship

building a business entrepreneurship which was a totally new term to me to

which was a totally new term to me to

which was a totally new term to me to begin with and I started teaching myself

begin with and I started teaching myself

begin with and I started teaching myself like things things like how to code

like things things like how to code

like things things like how to code things like how to build a website how

things like how to build a website how

things like how to build a website how to market and sell products online I

to market and sell products online I

to market and sell products online I learned about this new concept called

learned about this new concept called

learned about this new concept called search engine optimization to drive

search engine optimization to drive

search engine optimization to drive traffic to your website using search

traffic to your website using search

traffic to your website using search engines and I started teaching myself

engines and I started teaching myself

engines and I started teaching myself all these things and I started building

all these things and I started building

all these things and I started building small websites I started kind of getting

small websites I started kind of getting

small websites I started kind of getting my feet wet in driving traffic to

my feet wet in driving traffic to

my feet wet in driving traffic to websites and building small online

websites and building small online

websites and building small online businesses and while I was doing that I

businesses and while I was doing that I

businesses and while I was doing that I realized that the skill that I was

realized that the skill that I was

realized that the skill that I was developing was something that other

developing was something that other

developing was something that other businesses might need as well especially

businesses might need as well especially

businesses might need as well especially local businesses in my neighborhood keep

local businesses in my neighborhood keep

local businesses in my neighborhood keep in mind that this was 10 years ago

in mind that this was 10 years ago

in mind that this was 10 years ago so internet marketing was still

so internet marketing was still

so internet marketing was still something that was very new most small

something that was very new most small

something that was very new most small businesses weren’t marketing themselves

businesses weren’t marketing themselves

businesses weren’t marketing themselves online at this point and even most major

online at this point and even most major

online at this point and even most major corporations weren’t really paying

corporations weren’t really paying

corporations weren’t really paying attention to digital and online

attention to digital and online

attention to digital and online marketing at the time so in in one way I

marketing at the time so in in one way I

marketing at the time so in in one way I might have haven’t had an advantage in

might have haven’t had an advantage in

might have haven’t had an advantage in that way that it was something new and

that way that it was something new and

that way that it was something new and and there weren’t a lot of people

and there weren’t a lot of people

and there weren’t a lot of people selling it but at the same time it was

selling it but at the same time it was

selling it but at the same time it was something so new that most businesses

something so new that most businesses

something so new that most businesses didn’t even see the value in it they

didn’t even see the value in it they

didn’t even see the value in it they didn’t see the opportunity in being able

didn’t see the opportunity in being able

didn’t see the opportunity in being able to sell their products online yet so I

to sell their products online yet so I

to sell their products online yet so I started out very small I started

started out very small I started

started out very small I started marketing myself as a web designer and

marketing myself as a web designer and

marketing myself as a web designer and as an internet marketer and keep in mind

as an internet marketer and keep in mind

as an internet marketer and keep in mind this was priests most social media it

this was priests most social media it

this was priests most social media it was pre Facebook it was pre LinkedIn and

was pre Facebook it was pre LinkedIn and

was pre Facebook it was pre LinkedIn and getting clients on the internet back

getting clients on the internet back

getting clients on the internet back then was something that most businesses

then was something that most businesses

then was something that most businesses were not doing it was very difficult

were not doing it was very difficult

were not doing it was very difficult especially for somebody who had no

especially for somebody who had no

especially for somebody who had no experience in business whatsoever no

experience in business whatsoever no

experience in business whatsoever no sales experience so it was difficult but

sales experience so it was difficult but

sales experience so it was difficult but I started marketing myself as a

I started marketing myself as a

I started marketing myself as a marketing company

marketing company

marketing company as a web design agency and I used

as a web design agency and I used

as a web design agency and I used websites like Craigslist and classified

websites like Craigslist and classified

websites like Craigslist and classified s online forums where business owners

s online forums where business owners

s online forums where business owners were exchanging ideas and networking and

were exchanging ideas and networking and

were exchanging ideas and networking and I was marketing myself and I had a

I was marketing myself and I had a

I was marketing myself and I had a little bit of success in the beginning I

little bit of success in the beginning I

little bit of success in the beginning I started very small like I said selling

started very small like I said selling

started very small like I said selling my services to build a website for about

my services to build a website for about

my services to build a website for about $250 or $500 and I I started to see a

$250 or $500 and I I started to see a

$250 or $500 and I I started to see a little bit of success every once in a

little bit of success every once in a

little bit of success every once in a while

while

while I would find a client who might buy a

I would find a client who might buy a

I would find a client who might buy a website from me or who might buy some

website from me or who might buy some

website from me or who might buy some kind of a marketing services from me but

kind of a marketing services from me but

kind of a marketing services from me but it started out very small about about

it started out very small about about

it started out very small about about six months into it

six months into it

six months into it I was on an online forum for

I was on an online forum for

I was on an online forum for entrepreneurs to to network and share

entrepreneurs to to network and share

entrepreneurs to to network and share ideas and I ended up seeing a post from

ideas and I ended up seeing a post from

ideas and I ended up seeing a post from somebody who ran a consulting firm in

somebody who ran a consulting firm in

somebody who ran a consulting firm in Washington DC and he was looking for a

Washington DC and he was looking for a

Washington DC and he was looking for a company to help him with search engine

company to help him with search engine

company to help him with search engine optimization now

six months ago I had no idea what it was

six months ago I had no idea what it was but being the expert that I now

but being the expert that I now

but being the expert that I now considered myself to be I reached out to

considered myself to be I reached out to

considered myself to be I reached out to him through the forum and let him know

him through the forum and let him know

him through the forum and let him know that he had found a search engine option

that he had found a search engine option

that he had found a search engine option expert and I was going to help him grow

expert and I was going to help him grow

expert and I was going to help him grow his business long story short he decided

his business long story short he decided

his business long story short he decided to give me a shot he was a very small

to give me a shot he was a very small

to give me a shot he was a very small shot I think he gave me something like

shot I think he gave me something like

shot I think he gave me something like $250 to help him drive more traffic to

$250 to help him drive more traffic to

$250 to help him drive more traffic to his website and market his web site over

his website and market his web site over

his website and market his web site over about a month’s time it went well

about a month’s time it went well

about a month’s time it went well we helped his website to rank on Google

we helped his website to rank on Google

we helped his website to rank on Google for a couple key terms for his business

for a couple key terms for his business

for a couple key terms for his business and it drove more traffic to his

and it drove more traffic to his

and it drove more traffic to his business that increased his sales and we

business that increased his sales and we

business that increased his sales and we had proven ourselves I had proven myself

had proven ourselves I had proven myself

had proven ourselves I had proven myself I was I was going around talking about

I was I was going around talking about

I was I was going around talking about how I had this agency but it was just me

how I had this agency but it was just me

how I had this agency but it was just me obviously doing all the work and doing

obviously doing all the work and doing

obviously doing all the work and doing all the sales but we had proven

all the sales but we had proven

all the sales but we had proven ourselves and he liked the results that

ourselves and he liked the results that

ourselves and he liked the results that we got him and he gave me another order

we got him and he gave me another order

we got him and he gave me another order and after getting results on on that

and after getting results on on that

and after getting results on on that order he gave me another one and over

order he gave me another one and over

order he gave me another one and over the course of about six or seven months

the course of about six or seven months

the course of about six or seven months what was a $250 client ended up scaling

what was a $250 client ended up scaling

what was a $250 client ended up scaling up to a six-figure contract to do search

up to a six-figure contract to do search

up to a six-figure contract to do search engine optimization for his company and

engine optimization for his company and

engine optimization for his company and keep in mind that I was still you know I

keep in mind that I was still you know I

keep in mind that I was still you know I was about 16 years old at the time so

was about 16 years old at the time so

was about 16 years old at the time so this was huge for me this was this was

this was huge for me this was this was

this was huge for me this was this was you know this completely changed my

you know this completely changed my

you know this completely changed my perspective on you know what was

perspective on you know what was

perspective on you know what was possible for building a business and and

possible for building a business and and

possible for building a business and and you know the fact that I could even make

you know the fact that I could even make

you know the fact that I could even make this a business this was like the first

this a business this was like the first

this a business this was like the first real result that I saw this was my first

real result that I saw this was my first

real result that I saw this was my first real client having him as my first

real client having him as my first

real client having him as my first client gave me the platform and cashflow

client gave me the platform and cashflow

client gave me the platform and cashflow that I needed to reinvest into my

that I needed to reinvest into my

that I needed to reinvest into my business reinvest into my marketing

business reinvest into my marketing

business reinvest into my marketing reinvest into my own website and

reinvest into my own website and

reinvest into my own website and actually start to build a real company

actually start to build a real company

actually start to build a real company and that’s when we started to market

and that’s when we started to market

and that’s when we started to market ourselves better I started to hire some

ourselves better I started to hire some

ourselves better I started to hire some freelance contractors to help me with

freelance contractors to help me with

freelance contractors to help me with the workload

the workload

the workload I started getting a better website

I started getting a better website

I started getting a better website getting better advertising and I started

getting better advertising and I started

getting better advertising and I started getting referrals from that first client

getting referrals from that first client

getting referrals from that first client who was referring his other friends who

who was referring his other friends who

who was referring his other friends who were in companies to come work with us

were in companies to come work with us

were in companies to come work with us and to grow their own online marketing

and to grow their own online marketing

and to grow their own online marketing and that’s what started at all and from

and that’s what started at all and from

and that’s what started at all and from there we grew organically over the year

there we grew organically over the year

there we grew organically over the year largely through referrals through

largely through referrals through

largely through referrals through word-of-mouth marketing through you know

word-of-mouth marketing through you know

word-of-mouth marketing through you know networking through speaking it at

networking through speaking it at

networking through speaking it at conferences but you know at 15 years old

conferences but you know at 15 years old

conferences but you know at 15 years old I was running this business completely

I was running this business completely

I was running this business completely through a computer in my parents home

through a computer in my parents home

through a computer in my parents home and not a single client knew that I was

and not a single client knew that I was

and not a single client knew that I was 15 years old and in fact that client we

15 years old and in fact that client we

15 years old and in fact that client we met in person for the first time when I

met in person for the first time when I

met in person for the first time when I was 20 and so he was visiting New York

was 20 and so he was visiting New York

was 20 and so he was visiting New York on business and we met for the first

on business and we met for the first

on business and we met for the first time he wanted to meet up and have a

time he wanted to meet up and have a

time he wanted to meet up and have a face-to-face meeting and kind of put you

face-to-face meeting and kind of put you

face-to-face meeting and kind of put you know a face to the name and we met at

know a face to the name and we met at

know a face to the name and we met at this restaurant in a hotel in New York

this restaurant in a hotel in New York

this restaurant in a hotel in New York City and he was like do you want to have

City and he was like do you want to have

City and he was like do you want to have a drink and I was 20 years old at the

a drink and I was 20 years old at the

a drink and I was 20 years old at the time so I was like no you know I’ll pass

time so I was like no you know I’ll pass

time so I was like no you know I’ll pass them I’m not gonna have a drink and we

them I’m not gonna have a drink and we

them I’m not gonna have a drink and we started talking and talking about his

started talking and talking about his

started talking and talking about his business and talking about my company

business and talking about my company

business and talking about my company and about a couple you know 15 20

and about a couple you know 15 20

and about a couple you know 15 20 minutes in he was like so so how old are

minutes in he was like so so how old are

minutes in he was like so so how old are you and I was like that’s a good

you and I was like that’s a good

you and I was like that’s a good question I am 20 going on 21

question I am 20 going on 21

question I am 20 going on 21 in a few months and he was and obviously

in a few months and he was and obviously

in a few months and he was and obviously he was extremely surprised he was I

he was extremely surprised he was I

he was extremely surprised he was I would have had no idea because you sound

would have had no idea because you sound

would have had no idea because you sound like an old man the way do you conduct

like an old man the way do you conduct

like an old man the way do you conduct business through the internet so I was

business through the internet so I was

business through the internet so I was like thank you

but none of my clients up until that

but none of my clients up until that point had ever met me face to face I’ve

point had ever met me face to face I’ve

point had ever met me face to face I’ve never had to actually face any of them

never had to actually face any of them

never had to actually face any of them in person to in the business but yet

in person to in the business but yet

in person to in the business but yet still at that point in time where the

still at that point in time where the

still at that point in time where the time I was 20 years old I was running a

time I was 20 years old I was running a

time I was 20 years old I was running a multi six-figure business completely on

multi six-figure business completely on

multi six-figure business completely on a laptop at home in my parents house and

a laptop at home in my parents house and

a laptop at home in my parents house and it completely changed you know my

it completely changed you know my

it completely changed you know my perspective number one on on on business

perspective number one on on on business

perspective number one on on on business and it also changed the whole trajectory

and it also changed the whole trajectory

and it also changed the whole trajectory of my life so that that kind of led to

of my life so that that kind of led to

of my life so that that kind of led to where we are today we since then we’ve

where we are today we since then we’ve

where we are today we since then we’ve we’ve grown organically and we’ve

we’ve grown organically and we’ve

we’ve grown organically and we’ve bootstrapped

bootstrapped

bootstrapped to now where we’ve become a million

to now where we’ve become a million

to now where we’ve become a million dollar company that works with

dollar company that works with

dollar company that works with companies from startups to Fortune 500

companies from startups to Fortune 500

companies from startups to Fortune 500 companies political institutions

companies political institutions

companies political institutions politicians government clients to this

politicians government clients to this

politicians government clients to this to where we are now where we have

to where we are now where we have

to where we are now where we have offices in Rockefeller Plaza in New York

offices in Rockefeller Plaza in New York

offices in Rockefeller Plaza in New York City so it’s it’s been a pretty amazing

City so it’s it’s been a pretty amazing

City so it’s it’s been a pretty amazing journey and I realized a couple years

journey and I realized a couple years

journey and I realized a couple years ago that there’s so much potential out

ago that there’s so much potential out

ago that there’s so much potential out there and there are so many young people

there and there are so many young people

there and there are so many young people who want to do something where they’re

who want to do something where they’re

who want to do something where they’re starting their own business and they’re

starting their own business and they’re

starting their own business and they’re starting to see the potential of the

starting to see the potential of the

starting to see the potential of the Internet has but they still don’t really

Internet has but they still don’t really

Internet has but they still don’t really know how to do it and that’s when I

know how to do it and that’s when I

know how to do it and that’s when I started deciding that you know I wanted

started deciding that you know I wanted

started deciding that you know I wanted to reach out to more young people who

to reach out to more young people who

to reach out to more young people who want to do it and kind of show them the

want to do it and kind of show them the

want to do it and kind of show them the path that I took and how they might be

path that I took and how they might be

path that I took and how they might be able to do it as well I started speaking

able to do it as well I started speaking

able to do it as well I started speaking at schools I started speaking at high

at schools I started speaking at high

at schools I started speaking at high schools and colleges and and talking

schools and colleges and and talking

schools and colleges and and talking about how I did it and and talking about

about how I did it and and talking about

about how I did it and and talking about just my experiences and I was surprised

just my experiences and I was surprised

just my experiences and I was surprised how many young people wanted to do it as

how many young people wanted to do it as

how many young people wanted to do it as well but thought it was out of reach for

well but thought it was out of reach for

well but thought it was out of reach for them because they didn’t have the

them because they didn’t have the

them because they didn’t have the education maybe or they didn’t have the

education maybe or they didn’t have the

education maybe or they didn’t have the money or they didn’t come from the

money or they didn’t come from the

money or they didn’t come from the background it’s interesting that now

background it’s interesting that now

background it’s interesting that now that that’s that’s starting to change a

that that’s that’s starting to change a

that that’s that’s starting to change a little bit because now I speak at high

little bit because now I speak at high

little bit because now I speak at high schools and I have kids telling me about

schools and I have kids telling me about

schools and I have kids telling me about how they want to be become a YouTube

how they want to be become a YouTube

how they want to be become a YouTube star when they grow up or they want to

star when they grow up or they want to

star when they grow up or they want to become an Instagram influencer when they

become an Instagram influencer when they

become an Instagram influencer when they grow up

grow up

grow up so with so it’s changing and the

so with so it’s changing and the

so with so it’s changing and the question that I started to ask was what

question that I started to ask was what

question that I started to ask was what what would it take to be able to create

what would it take to be able to create

what would it take to be able to create more young entrepreneurs more young

more young entrepreneurs more young

more young entrepreneurs more young people who want to create a product or a

people who want to create a product or a

people who want to create a product or a service and build a business it’s

service and build a business it’s

service and build a business it’s amazing if you look at most of the

amazing if you look at most of the

amazing if you look at most of the devices that we spend most of our time

devices that we spend most of our time

devices that we spend most of our time on every single day a lot of those

on every single day a lot of those

on every single day a lot of those products were created by young

products were created by young

products were created by young entrepreneurs were created by people

entrepreneurs were created by people

entrepreneurs were created by people sometimes in college if you look at

sometimes in college if you look at

sometimes in college if you look at Facebook or if you look at snapchat and

Facebook or if you look at snapchat and

Facebook or if you look at snapchat and Instagram or even if you look at the

Instagram or even if you look at the

Instagram or even if you look at the products there too now Microsoft and

products there too now Microsoft and

products there too now Microsoft and Apple both started when they were in

Apple both started when they were in

Apple both started when they were in college so I started asking myself what

college so I started asking myself what

college so I started asking myself what are the what are the factors we know

are the what are the factors we know

are the what are the factors we know what are the things we need to do to be

what are the things we need to do to be

what are the things we need to do to be able to create more of these young

able to create more of these young

able to create more of these young entrepreneurs and the answer that I came

entrepreneurs and the answer that I came

entrepreneurs and the answer that I came up with was there were three things one

up with was there were three things one

up with was there were three things one of them is technology which helped me

of them is technology which helped me

of them is technology which helped me the second is culture

the second is culture

the second is culture and the third is education the first one

and the third is education the first one

and the third is education the first one obviously technology like I was saying

obviously technology like I was saying

obviously technology like I was saying the Internet has leveled the playing

the Internet has leveled the playing

the Internet has leveled the playing field for so many people and the more

field for so many people and the more

field for so many people and the more places in the world that the internet

places in the world that the internet

places in the world that the internet spreads to the better off the world is

spreads to the better off the world is

spreads to the better off the world is it’s created access to markets for

it’s created access to markets for

it’s created access to markets for people anywhere in the world that’s why

people anywhere in the world that’s why

people anywhere in the world that’s why we’re seeing startups from 16 year old

we’re seeing startups from 16 year old

we’re seeing startups from 16 year old entrepreneurs that are competing with

entrepreneurs that are competing with

entrepreneurs that are competing with fortune 500 companies it’s created that

fortune 500 companies it’s created that

fortune 500 companies it’s created that access to a market where literally

access to a market where literally

access to a market where literally somebody at 15 years old in their

somebody at 15 years old in their

somebody at 15 years old in their parents house can use a laptop to

parents house can use a laptop to

parents house can use a laptop to compete with a major company for for a

compete with a major company for for a

compete with a major company for for a client or for business and never have to

client or for business and never have to

client or for business and never have to leave their home and actually have an

leave their home and actually have an

leave their home and actually have an opportunity to win that business it

opportunity to win that business it

opportunity to win that business it becomes based on merit and based on

becomes based on merit and based on

becomes based on merit and based on being able to get results versus be you

being able to get results versus be you

being able to get results versus be you know how much money you might have or or

know how much money you might have or or

know how much money you might have or or how much marketing you may be able to

how much marketing you may be able to

how much marketing you may be able to afford it it’s created an opportunity to

afford it it’s created an opportunity to

afford it it’s created an opportunity to reach people nowadays you can use

reach people nowadays you can use

reach people nowadays you can use Twitter and you can reach millions of

Twitter and you can reach millions of

Twitter and you can reach millions of people with your message virtually for

people with your message virtually for

people with your message virtually for free whereas 10 years ago or 20 years

free whereas 10 years ago or 20 years

free whereas 10 years ago or 20 years ago that would have cost millions of

ago that would have cost millions of

ago that would have cost millions of dollars to buy television advertising to

dollars to buy television advertising to

dollars to buy television advertising to buy radio advertising and it’s it’s also

buy radio advertising and it’s it’s also

buy radio advertising and it’s it’s also created productivity higher higher

created productivity higher higher

created productivity higher higher efficiency it’s it’s now easier than

efficiency it’s it’s now easier than

efficiency it’s it’s now easier than ever to be able to go online and start a

ever to be able to go online and start a

ever to be able to go online and start a business and you use tools that enable

business and you use tools that enable

business and you use tools that enable you to keep up and create a product and

you to keep up and create a product and

you to keep up and create a product and create a service by yourself at home on

create a service by yourself at home on

create a service by yourself at home on a limited budget it costs less than $100

a limited budget it costs less than $100

a limited budget it costs less than $100 to build a professional website now and

to build a professional website now and

to build a professional website now and then reach your customers for free on

then reach your customers for free on

then reach your customers for free on social media those tools have created

social media those tools have created

social media those tools have created access they’ve created cost efficiency

access they’ve created cost efficiency

access they’ve created cost efficiency and they’ve also created productivity

and they’ve also created productivity

and they’ve also created productivity efficiency so technology is important

efficiency so technology is important

efficiency so technology is important making sure that we educate people on

making sure that we educate people on

making sure that we educate people on the power of technology and making sure

the power of technology and making sure

the power of technology and making sure that we do what we can to get technology

that we do what we can to get technology

that we do what we can to get technology out to the world and to the people who

out to the world and to the people who

out to the world and to the people who need it and can use it to better

need it and can use it to better

need it and can use it to better themselves better their community and

themselves better their community and

themselves better their community and better their market the second is

better their market the second is

better their market the second is culture I started finding that when I

culture I started finding that when I

culture I started finding that when I was speaking at schools and and even

was speaking at schools and and even

was speaking at schools and and even just visiting other countries and

just visiting other countries and

just visiting other countries and meeting with entrepreneurs in other

meeting with entrepreneurs in other

meeting with entrepreneurs in other countries whether it was at schools

countries whether it was at schools

countries whether it was at schools whether it was at store

whether it was at store

whether it was at store incubators there’s a huge stigma around

incubators there’s a huge stigma around

incubators there’s a huge stigma around failure kids are taught not to fail

failure kids are taught not to fail

failure kids are taught not to fail you’re taught in school not to fail

you’re taught in school not to fail

you’re taught in school not to fail you’re taught not to do poorly on tests

you’re taught not to do poorly on tests

you’re taught not to do poorly on tests you’re taught not to know the answer to

you’re taught not to know the answer to

you’re taught not to know the answer to not not know the answer to a question

not not know the answer to a question

not not know the answer to a question when a teacher calls on you and failure

when a teacher calls on you and failure

when a teacher calls on you and failure gets stigmatized it gets stigmatized as

gets stigmatized it gets stigmatized as

gets stigmatized it gets stigmatized as a negative thing and that translates

a negative thing and that translates

a negative thing and that translates through when you become an adult and you

through when you become an adult and you

through when you become an adult and you want to start a business and your first

want to start a business and your first

want to start a business and your first thought is well this doesn’t work out

thought is well this doesn’t work out

thought is well this doesn’t work out I’m gonna hear about it at Thanksgiving

I’m gonna hear about it at Thanksgiving

I’m gonna hear about it at Thanksgiving or you know I’m gonna it’s gonna look

or you know I’m gonna it’s gonna look

or you know I’m gonna it’s gonna look bad on Facebook it’s gonna look bad if I

bad on Facebook it’s gonna look bad if I

bad on Facebook it’s gonna look bad if I have to go back to my old job and that

have to go back to my old job and that

have to go back to my old job and that kind of negative stigma associated with

kind of negative stigma associated with

kind of negative stigma associated with it is holding so many people back

it is holding so many people back

it is holding so many people back especially young people in school who

especially young people in school who

especially young people in school who you haven’t even gone out into the world

you haven’t even gone out into the world

you haven’t even gone out into the world yet and they’re already afraid of

yet and they’re already afraid of

yet and they’re already afraid of failing and they’re already thinking

failing and they’re already thinking

failing and they’re already thinking about well what would be the safest path

about well what would be the safest path

about well what would be the safest path what would be you know the more

what would be you know the more

what would be you know the more conventional path that I can take so

conventional path that I can take so

conventional path that I can take so bringing more acceptance and embracing

bringing more acceptance and embracing

bringing more acceptance and embracing that risk of failure and knowing that

that risk of failure and knowing that

that risk of failure and knowing that you need to fail before you can succeed

you need to fail before you can succeed

you need to fail before you can succeed and helping ingrain that into the

and helping ingrain that into the

and helping ingrain that into the culture and and build a better

culture and and build a better

culture and and build a better acceptance for it is going to be key to

acceptance for it is going to be key to

acceptance for it is going to be key to making sure that the young people who

making sure that the young people who

making sure that the young people who are in school now who are in college now

are in school now who are in college now

are in school now who are in college now feel like they can go out there and they

feel like they can go out there and they

feel like they can go out there and they can try something different that they

can try something different that they

can try something different that they can try to break the mold that they can

can try to break the mold that they can

can try to break the mold that they can curve the straight line that they can do

curve the straight line that they can do

curve the straight line that they can do something that you know maybe their

something that you know maybe their

something that you know maybe their parents didn’t do or in previous

parents didn’t do or in previous

parents didn’t do or in previous generations it wasn’t really something

generations it wasn’t really something

generations it wasn’t really something that you did if you didn’t come from a

that you did if you didn’t come from a

that you did if you didn’t come from a certain background so we need to find a

certain background so we need to find a

certain background so we need to find a way to change that culture we need we

way to change that culture we need we

way to change that culture we need we need to talk about it we need to open up

need to talk about it we need to open up

need to talk about it we need to open up that conversation and number three

that conversation and number three

that conversation and number three education obviously education has

education obviously education has

education obviously education has advanced greatly over the past couple of

advanced greatly over the past couple of

advanced greatly over the past couple of generations and obviously there there

generations and obviously there there

generations and obviously there there are more colleges now who offer

are more colleges now who offer

are more colleges now who offer entrepreneurship classes and

entrepreneurship classes and

entrepreneurship classes and entrepreneurship centers than ever

entrepreneurship centers than ever

entrepreneurship centers than ever before and that’s great but there’s

before and that’s great but there’s

before and that’s great but there’s still a ways to go there’s still

still a ways to go there’s still

still a ways to go there’s still technology changes very quickly the

technology changes very quickly the

technology changes very quickly the economic landscape changes very quickly

economic landscape changes very quickly

economic landscape changes very quickly especially now we’re seeing innovation

especially now we’re seeing innovation

especially now we’re seeing innovation happen over five-year periods now that

happen over five-year periods now that

happen over five-year periods now that would have taken 40 years just a

would have taken 40 years just a

would have taken 40 years just a generation or two ago and it’s been

generation or two ago and it’s been

generation or two ago and it’s been difficult for education to keep up with

difficult for education to keep up with

difficult for education to keep up with that it’s been difficult for there to be

that it’s been difficult for there to be

that it’s been difficult for there to be education for people about how to market

education for people about how to market

education for people about how to market their business using social media or how

their business using social media or how

their business using social media or how to take advantage of opportunities

to take advantage of opportunities

to take advantage of opportunities online that frankly are popping up new

online that frankly are popping up new

online that frankly are popping up new opportunities are coming up every day

opportunities are coming up every day

opportunities are coming up every day now you can be a YouTube influencer and

now you can be a YouTube influencer and

now you can be a YouTube influencer and Instagram influencer and that didn’t

Instagram influencer and that didn’t

Instagram influencer and that didn’t even exist you know five years ago so we

even exist you know five years ago so we

even exist you know five years ago so we need we need to encourage not only just

need we need to encourage not only just

need we need to encourage not only just creating better education and more

creating better education and more

creating better education and more access to education but also self

access to education but also self

access to education but also self education remember that when I started

education remember that when I started

education remember that when I started my company I learned 90% of what I

my company I learned 90% of what I

my company I learned 90% of what I learned building my business from going

learned building my business from going

learned building my business from going to the library from checking out books

to the library from checking out books

to the library from checking out books now we have Google now we have a tool on

now we have Google now we have a tool on

now we have Google now we have a tool on the internet that the greatest knowledge

the internet that the greatest knowledge

the internet that the greatest knowledge tool ever created you have more

tool ever created you have more

tool ever created you have more information at your fingertips right now

information at your fingertips right now

information at your fingertips right now then we’ve ever had in history you have

then we’ve ever had in history you have

then we’ve ever had in history you have more information at your fingertips now

more information at your fingertips now

more information at your fingertips now then the President of the United States

then the President of the United States

then the President of the United States had 40 or 50 years ago but we use it to

had 40 or 50 years ago but we use it to

had 40 or 50 years ago but we use it to look at cat videos on YouTube we use it

look at cat videos on YouTube we use it

look at cat videos on YouTube we use it to look at what our friends are eating

to look at what our friends are eating

to look at what our friends are eating on Instagram and there needs to be more

on Instagram and there needs to be more

on Instagram and there needs to be more awareness around the value that that’s

awareness around the value that that’s

awareness around the value that that’s in that tool and how you can use it to

in that tool and how you can use it to

in that tool and how you can use it to change lives change communities change

change lives change communities change

change lives change communities change economies and how we can help young

economies and how we can help young

economies and how we can help young people become more aware of that

people become more aware of that

people become more aware of that opportunity how we can encourage them

opportunity how we can encourage them

opportunity how we can encourage them more and how we can help enable them

more and how we can help enable them

more and how we can help enable them with the tools to be able to go out and

with the tools to be able to go out and

with the tools to be able to go out and innovate and create the next generation

innovate and create the next generation

innovate and create the next generation of products that are going to advance us

of products that are going to advance us

of products that are going to advance us forward and keep advancing our society

forward and keep advancing our society

forward and keep advancing our society and our communities and our families so

and our communities and our families so

and our communities and our families so that that’s what I want to do I hope

that that’s what I want to do I hope

that that’s what I want to do I hope I’ve done with this talk is just open

I’ve done with this talk is just open

I’ve done with this talk is just open your eyes to the opportunities that are

your eyes to the opportunities that are

your eyes to the opportunities that are out there the opportunities that are

out there the opportunities that are

out there the opportunities that are there for anybody no matter what your

there for anybody no matter what your

there for anybody no matter what your background is to go out there and learn

background is to go out there and learn

background is to go out there and learn about it figure out what your passion is

about it figure out what your passion is

about it figure out what your passion is create a plan most likely thanks to

create a plan most likely thanks to

create a plan most likely thanks to technology you can figure out a way to

technology you can figure out a way to

technology you can figure out a way to build a life or a business or a career

build a life or a business or a career

build a life or a business or a career around that passion and I hope that

around that passion and I hope that

around that passion and I hope that you’ll find that

you’ll find that

you’ll find that thank you

thank you

thank you [Applause]

”

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *