Entrepreneurship Opportunities

Name:  Mark ReesI love cycling and running.  This year I will be riding in the Little 500 at IU.  In the summer months I run a landscaping business I started when I was 17.  I occasionally race my 99 z28 (full suspension mods and headers), but recently I've placed a higher priority on bike races than car races.

I am no resume expert but I picked up a couple of tips and tricks back in the day that I am willing to share with my numerous dedicated readers. You might be saying to yourself "Who is this guy and why does he think he is even remotely qualified to give me tips?" This is a valid point, but, if you apply to the Orr Fellowship, I could be the person reviewing your resume and my tips worked out pretty well for myself. So just sit back and let my insightful resume knowledge engulf you.

In no particular order here is a sampling of my vast resume understanding:

• When putting your GPA on your resume go to a maximum of 2 decimal places. If you Major GPA is significantly higher than you cumulative GPA then list that as well (it needs to be obvious that that is specifically your major GPA) 
   
• Don't be afraid to include distinguishing experiences. This could include time studying abroad or brief descriptions of your more complicated projects/papers. Just make sure that these things fit in the natural flow of your resume and are not under or overstated.
   
• Do not include stuff from high school, unless they are so ridiculously outstanding that there is no way you could sleep at night knowing that potential employers had no idea how great you were in high school.
   
• Make sure your experience/work history is organized logically. Ideally these sections will flow chronologically because if you planned things correctly, each job/internship builds on the last one, hopefully leaving your most recent experience as the crown jewel on your resume. In addition to this, avoid time gaps in your employment.
   
• One of my biggest pet peeves is when a person just puts "selected" or "completed" said internship on their resume. If it is on your resume I know you worked there and eventually completed the job/internship/program. Your resume needs to be about what YOU have done and what results YOU achieved. No company is going to hire you just because you were selected to participate in a particular program. Companies want to see how you progressed trough an internship and the impacts that you made while there. Sometimes showing how you went about something is just as important as the results. Interviewers know that summer jobs/internships are typically not long enough to make any really significant gains, but they want to see that you have demonstrated the aptitude to get things done.
   
• Make sure you don't sell yourself short or embellish your accomplishments. A lot of times it is plain to see that a person has done some pretty significant work, but their resume does not reflect upon these accomplishments. If you have done impressive things make sure it is known. On the other hand, people can tell if you are trying to make something appear more significant. You don't want to claim more than you really did or use synonyms for every word.
   
• Don't leave dangling words on a line. You should either add words or take out words so there is not just one word all by itself on a line. This is valuable space, don't waste it.
   
• Don't make a resume that is more than one page. I don't care how good you think you are, at this point in time you have not done enough to merit more than one page. You only want to include the very best experiences that are most relevant to the position you are applying for.
   
• There needs to be a balance of good details without jamming some much in there that your resume looks squished and cluttered. You really want your experiences to POP OUT not be hidden in the mess. 
   
• Be sure to have a good balance of activities and experiences. Companies, especially the Orr Fellowship, want to see that you are a well rounded individual that has done well in school, has had good work experience, has been involved in campus activities, has held leadership positions, and somehow finds time to volunteer.

These are just some of the resume tips that come to mind. I would have written more but frankly I got tired of writing. If you want to make sure you have good career opportunities and don't end up like this guy then follow my advice.

Follow these guidelines and constantly revise and improve you resume. This is a never ending process but if mastered you will really stand out to all the companies that are hiring new grads, which will lead to you getting a great entry level job and, with any luck, ending up like this guy. 

Until next month...  This has been Skip Tokar (Special Thanks to Editor Bryan Watson) 

In my last blog post, I said that if you want to set yourself up to be as successful as possible, you need to start your own business as early as possible. This is fine and dandy, except for the fact that most people have no idea how exactly to go about doing this.

Having completed the Certificate in Entrepreneurship and Innovation from Purdue, I feel like I have some insight into what it takes to start a business. By no means am I saying I know what it is like, as I have not done so myself. Working in this entrepreneurial fellowship has given me an inside look at some high growth start-ups, including the one in which I work. I have gained exposure to the experiences of some real entrepreneurs my age, as well.

A professor I had for an entrepreneurship class stated very simply the importance of a business plan when he said, "If you take the time to write a business plan thoroughly, you are already way ahead of the countless idiots that are trying to start a business." In 4 years of undergrad business and entrepreneurship classes, I had written over 5 business plans for different fake start-ups. I can't emphasize enough how much they assist in the preparation of the details we never even think about.

When you have what you think is a mind-blowing, earth shattering, whale of an idea for a business, the last thing that crosses your mind is how you get out of that business. It wasn't until I wrote my first business plan that this concept materialized. It seems like a "dark" thing to think about, but having a well thought out exit strategy will come in handy not only if the business fails, but if another mind-blowing, earth shattering, whale of an idea comes to mind, and you need to now focus your energies there. This is just one example of a detail that a business plan will force you to think about.

So what am I getting at? Business is a lot more complicated that most people that go into it realize. There are all sorts of administrative and legal considerations that never cross your mind until they present a obstacle. Unfortunately for a lot of business owners, this point in time also represents a critical failure from which recovery of the business has slim hopes. A business plan helps to hedge against some of these unforeseen circumstances. If starting your own business is among your list of career opportunities, don't even try to do it without writing a business plan first!

A study that was conducted at the National Opinion Research Center (NORC) at the University of Chicago for the Small Business Administration's Office of Advocacy has found a positive link between the number of years an individual is self-employed and their likelihood to be self-employed throughout their career. The study, which can be found here, set out to answer some questions as to what sort of things guide an individual to self-employment. They ultimately concluded with some findings that were previously unknown.

They found that those who reported self-employment tend to have parents with higher educational attainment and were more likely to have grown up in a rural area or farm. In addition, early exposure to self-employment increases the likelihood an individual is self-employed in their early and mid-careers. There was an especially strong link between those that indicated self-employment between ages 20-22 with their measure between ages 22-41. The availability of financial resources did impact the probability of self-employment, but by very little. Lastly, every additional year of self-employment increases income and net worth significantly.

So what does all of this mean? Well, if earning potential and entrepreneurship are goals and interests of yours, getting involved early makes a huge difference. The study is basically saying that the more involved with self-employment you are early in your life and career, the more likely it is that you will be self-employed later on, expanding your career opportunities. In addition, you will impact your earning potential more.

We live in an economy that thrives on businesses. There is nothing that stimulates local and national markets more than the success of all businesses, large or small. Our government has called for more entrepreneurial spirit, and those that got involved early will tell you that it's worth it. Most people aspire to work for themselves for a multitude of reasons. Whether you are interested in working your own hours or not having to answer to someone, the allure of self-employment is evident. However, it is not without its challenges.

Many fail in their ventures simply because of a lack of preparation. Having a great idea is one of the most empowering feelings, but there is a huge difference between idea generation and execution. Those that succeed, succeed in execution. A significant portion of that is experience and preparedness. I have gathered from my interaction with entrepreneurs that starting a business is much like trading stocks; you won't learn how to do it well until you get in there and do it yourself. This study seems to punctuate that belief.

How does one get involved early? I know that it wasn't very feasible for me to start my own company. Besides lacking a great idea, I have very little financial means to support an entrepreneurial venture. However, I feel that I have positioned myself to gain experience through the Orr Fellowship. If you are in a similar position as I was, I would suggest exactly the same to you. The path to an entrepreneurship career may begin by taking a job at a small company. Research, and find entrepreneurship opportunities in your local community. Identify some high-growth start-ups and apply for a job there. They may not have a position for you, so get creative and make one! Even offering to serve as an unpaid "apprentice" can get your foot in the door if you have no other options. Working in this environment will be sure to give you an inside look at an entrepreneurial operation.

When you start early, you make mistakes early. Getting those mistakes out of your system and gaining the valuable knowledge that they offer can be the difference between someone who continues down the path of self-employment and someone who has to learn the hard way later on. The earlier you start, the potential number of successful years you have in front of you is greater.

In the past couple months, I've had the chance to take two pretty spectacular vacations. There were two experiences I'm going to share that insanely enough have a lot to do with entrepreneurship opportunities, and they also showed me that there's no way I will end up doing what I hate for a living.

Experience #1: Accidental Tourist
My sister had the pleasure of studying in Florence, Italy for her first semester of her junior year at IU - and I had the pleasure of paying her a visit. My favorite day out of the week  was a day we chose to embark on a cooking/wine excursion with a company called Accidental Tourist. Turns out the woman who started the company was the one who took us on the tour. She was so incredibly passionate about what she did it was almost weird (kind of like me and HP printers).

We certainly don't have jobs in Indiana that would come anywhere close to what Accidental Tourist does (mostly because Indiana isn't anything like Italy). Their goal is "to show their beloved Tuscany through the back door, to give you the inside story, to take you inside the beating heart of the private homes of Chianti."



Making pasta and being invited into someone's home gave me an idea of what it would be like to live in Italy. I'm not sure what a similar company in Indianapolis could provide tourists...but my point is that this woman started a company and makes a living based on what she loves doing - drinking wine and cooking. And she made it seem so easy.

Experience #2: Indigo Divers
Over New Years, I went scuba diving in Grand Cayman - and again we ended up with an entrepreneur. This time there were two, Chris and Kate. They started a diving company called Indigo Divers in the Caymans about 5 years ago. Rough life.



Since there are so many diving companies in the Cayman Islands they decided that they:

1. Didn't want to teach people how to dive
2. Didn't want to take out more than 6 people at a time

In most cases, diving shops will offer lessons and take out huge boats of people at once, so diving with Indigo was much better than the alternative. Their company is very successful.

My Point: I want to do it too
My two entrepreneurial encounters on vacation made me think about what I love doing. I want to be able to start a company that helps showcase my passions as well as my talents - both Accidental Tourist and Indigo Divers did this. The Orr Fellowship is providing me with the initial experience I need at a small Indiana company. However, I know that my business career in Indianapolis will have to be one that doesn't seem like a career.

So if you happen to come across any entrepreneurial opportunities that have to do with eating and sleeping please let me know...just kidding. But seriously, while you're at it please go to our Tree Luggers website and sign up to recycle that Christmas tree! 

I get asked this same question, or some variation of it, a LOT.  So many people are interested in the Orr Fellowship and the post-grads' careers that come through the program that this question is almost a staple of any new conversation struck.  Similar questions include:

What do you want to do after you finish?
What kind of venture are you interested in?  Technology jobs in Indianapolis?  Business jobs in Indianapolis?
What's the next step in your entrepreneurial career? 
Where do you see yourself in 5 years?

And the list goes on... and my answer is always the same: I need to wait and see.  This sort of answer frustrates most listeners, as it probably should.  Even worse, it frustrates me because I WANT to run a high growth start-up, full of all the excitement and wonder these sort of organizations are known for.  And Im young.  Now is the time to make mistakes, right?  Without having to worry about not being able to recover from a bust, with plenty of time to recover my life and my career right?

Yes.  But no.  A May, 2008 study by the Kauffman Foundation found that twice as many tech saavy entrepreneurs start businesses in their 50's as they do in their 20's, with an average age of start-up founders being 39.  Not 20, not 25, not even 30.  39.  To me, this says that experience is a great teacher, but more important is the kind of experience; being a former CEO of three failed start-ups at 30 might be great experience to lean on, but it probably isnt as effective as working within and learning how start-ups and small businesses should be run to build successful organizations.  There is a proverb that goes something like "yesterday's tracks are tomorrows guides", and this is a perfect example of that; so, the first part of my answer to "why havent you started a business yet?" is: Why make the same mistakes you can learn from watching others?

There is a second part of my answer, that is more complicated but Ill do my best: circumstance.  Start-ups, especially technology start-ups, need the right circumstances to survive and grow.  The team, the idea, the implementation, the market, everything needs to be well understood and in place before Ill want to touch money.  Many a good idea have failed because they were missing a piece of the entrepreneurial puzzle, and all the hard work, long nights, and missed sleep was wasted.  The thing is, we usually never hear about these companies, the ones that fail.  Thats part of what makes entrepreneurship so attractive: we really only hear about the successes, and so it seems (to the untrainted eye) that starting and owning a business is easy as apple pie.

For me, I will choose my opportunities wisely.  And only when I am ready will I become that ever-so-coveted title of  "entrepreneur." That could be tomorrow, or it could be never.  The numbers (and my own brain) are telling me it will probably be a while.  But then again, who knows?

This American Life is a radio program out of WBEZ in Chicago that attempts to display what it is like to live an ‘American life’, complete with its dullness as well as its luster. Reporting is not done in the way we see on television or hear on more traditional radio. Rather, the producers attempt to place us into the culture of the topic area; the sounds bites are not ‘bites’ at all. They are actual, full, complete stories that connect the listener to a new set of experiences. This American Life attempts to make the events that mold our being (whatever that means), which makes understanding the experience more transparent. The radio program, at it's core, is about manufacturing an experience.

For example, attempting to paint the picture of Rome to my friends and family when I returned from a tour of Europe was excruciating. My pictures of Trevi’s Fountain did not nearly do it justice. My explanations of the white cliffs of Dover were juvenile. The only way in which my friends could understand the awesomeness of my trip would have been for them to experience it for themselves. In the absence of a shared “experience,” the narrative loses a little bit of sincerity.

The Orr Fellowship strives to create entrepreneurship careers that do more than simply provide post-graduate networking, entre-level jobs in startups, and an Indianapolis job opportunity; The Orr Fellowship strives to create a shared experience among Orr Fellows. Distinguished post-grad jobs are often about putting in time quietly on the sidelines while you wait your turn to play in the game.

This business fellowship is different. Jumping into fast growing Indianapolis companies is not something that most entry-level jobs in Indiana afford a fresh graduate. But entreprenurial companies need driven graduates to help contribute immediately. These companies look to Orr Fellows to help fulfill that need, providing a shared entreprenurial experience in the process.

Click here to find out how you can be included in this experience!

So you've heard about the Governor Bob Orr Indiana Entrepreneurial Fellowship, but one thought that may have crossed your mind is, "how do I get noticed by the Orr Fellowship, and what types of attributes/experiences are they looking for in their candidates?"  For the next couple of minutes I'm going to share with you some of our recruiting secrets that will undoubtedly make you a more attractive candidate for this prestigious Fellowship opportunity in Indianapolis. 

First and foremost, we firmly believe that the most valuable experience that one can attain while in college is leadership experience.  Now that I've said this, let's take a minute to try and better understand what I'm talking about.  When we're going through Orr Fellow candidate applications, having a candidate that was a "member" of twelve different clubs on campus in no way compares to a candidate that was president of two or three reputable clubs on their campus.  To take this one step further, having a title means nothing if you didn't have any notable achievements while holding that particular position.  We want to see that you were elected by your peers for a leadership position, but it is much more important that you made a positive impact to your organization during your tenure as officer.  Leadership experience can be gained in many different ways, so there's no excuse for a lack of leadership on your resume. 

The next piece of information from your resume that we find extremely important is your GPA.  This may come as no surprise, but the easiest way to demonstrate your intelligence is by getting good grades.  Being that you're looking for Indiana jobs out of college, much like thousands of other students in their senior year of studies, this is one of the only standardized means of measurement that we can use to juxtapose you with the rest of the candidate base.  So what if your GPA isn't as good as you'd like it to be?  If this is the case for you, it in no way means that your chances of getting into the Orr Fellowship are gone.  What you do have to figure out at this point, however, is how you're able to justify your lower GPA, in addition to being able to describe what qualities/experiences you have that make you a perfect fit for this distinguished entrepreneurial fellowship.

Another attribute that we look for in our candidates is their ability to demonstrate an entrepreneurial spirit in their lives.  One of the inherent qualities that all Orr Fellowship host companies possess is a strong sense of entrepreneurship.  In fact, it is critical that our Fellows hold that same entrepreneurial attitude so that they can seamlessly integrate themselves into these high-growth Indianapolis companies.  As history has shown, joining the Fellowship often leads to entrepreurial opportunities after the two-year committment of being in the Orr Fellowship has been completed.  Since this is the case, candidates that demonstrate this entrepreneurial attitude in their own lives prior to joining the Orr Fellowship typically find themselves fitting in well within the Fellowship and their respective host companies.

So what are the most important attributes/experiences that the Orr Fellowship looks for when evaluating their candidates each and every year?  We are looking for hard-workers, well-rounded students (being a college athlete is a nice bonus), and intelligent people.  More specifically, though, we are seeking people that have great life stories and are passionate about our organization.  We truly believe that what you've done in your life defines who you are today.  In addition, being passionate about the Fellowship and what it stands for is something that is necessary for all Orr Fellows - choosing to join the Orr Fellowship is making an investment in the future of your career, and it takes a certain kind of person to be willing to take the "leap of faith" and join the Orr Fellowship.

Now that you know what kind of people the Orr Fellowship is looking for, do you think you have what it takes?  Do you fit any or all of these criterion?  If so, and you're looking to secure one of the most distinguished post-grad jobs in Indianapolis in 2011, apply today on the Governor Bob Orr Indiana Entrepreneurial Fellowship Homepage.

With Thanksgiving just around the corner, and Christmas around the block, it's difficult to believe that I've been working in the real world for just over four months now.  I can remember like it was yesterday what it was like to look for a job while still in college.  I remember how confused I was as an Economics major who knew I wanted to be in business someday, but you and I both know how vague of a career path business really is.  So what did I look for and how did I get to be where I am today?

Luckily for me, as a senior in college I knew that the economy was beginning to look grim and that the market was probably going to get rough.  To prepare myself for the tough situation, I did my due-diligence and began looking for a quality job opportunity to kick off my new career.  I realized that I lacked specific skills that most large companies would be looking for, and also that I would be looking for an entry level job just like the rest of my graduating class.  However, I knew that I wanted to live and work in Indianapolis as it has emerged a growing hub for small, technology start-ups.  One of my other interests throughout college was entrepreneurship, so I then began looking for entrepreneurial fellowships in the Indianapolis area.  What I soon stumbled upon was the Governor Bob Orr Indiana Entrepreneurial Fellowship.  To learn more about this graduate fellowship, I connected with current Orr fellows to learn more about what the program has to offer. 


So why did I choose to pursue the Orr Fellowship?  There were several reasons, but here are a few:

• the presence of a network of young professionals like myself to share ideas, concerns, successes, etc.
• the pipeline of Indiana business leaders that fellows are given the opportunity to interact and build relationships with
• the position and ability to join a small, start-up company and, through hard work, be able to make an impact within the organization
• knowing that I'm making a good investment in my career by being in an environment that forces me to learn as much as possible about running a small business

So has my first few months in the working world provided me with the opportunities and experiences that were promised to me by the Orr Fellowship?  The answer to this question is a confident "YES!"