Louis Foreman is someone who has always been an entrepreneur. He started when he held a fundraiser, at nine years old, and raised thousands of dollars for the Muscular Dystrophy Association. Louis has started five different business ventures. The first one was started while he was a sophomore at the University of Illinois. Through Louis’s business ventures he became a source of advice for other new entrepreneurs. This led him to a new idea that he called Everyday Edisons. Everyday Edisons was a reality television show that highlighted the ideas of everyday people. This show followed Louis’s personal mission to fuel the innovative spirit. In 2005 Louis and Michael Cable, a seven-time Emmy award winning broadcast journalist, began to craft his new television show. Each episode starts with a casting call in different cities and then dissects a part of the multistep process involved in taking an idea to completion. The show also offered tidbits and expert advice from the United States Patent and Trademark Office. The show establishes the success of people, and also the failure and setbacks that they experience. Everyone that makes it on the show is a “winner”. They do not get voted off, or turned down. They receive royalties on their products for 20 years, the lifespan of a patent. Everyday Edisons won three Emmy awards by 2009 and led to the development of Edison Nation. This is a resource for new entrepreneurs that offer interviews, information on how to place your idea, and numerous discussion boards to help entrepreneurs.
From this case study you can take many lessons. The first lesson is to never let age stop you. Louis started at age nine to organize a fundraiser. This fundraiser was very successful and raised thousands of dollars. You can assume that this success is due to careful organization and planning. This also had to do with having an idea you believe in and striving to finish it to completion. His first actual business was during his sophomore year...
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