Everyday Edisons sample essay
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 of college at the University of Illinois. Traditionally this is at age 20. Society normally looks down upon younger age because it is an assumption that with less experience there is only a small chance of success.
Also, people believe that a younger person will have less focus and is unable to do what is necessary. Another lesson is that once you have become accomplished you can give back to others striving for what you achieved. Louis created Everyday Edisons to help other entrepreneurs. The show itself was a great tool for people with an idea that wanted that idea to flourish into a business. This program then led into Louis creating Edison Nation, which is spot for entrepreneurs to find information about the entrepreneurial process.
This also networks entrepreneurs together and gives them a great way to share their ideas, hear positives and negatives, and also refine this idea to make it grow stronger. This case study was a great read and also serves as a strong introduction for the entrepreneurial process. I learned how to push through to make your ideas a success, that there are numerous resources out there for new entrepreneurs, and once you are a success you can help others who are trying to take a similar path that you already have.
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