How Will You Measure Your Life?

Wednesday, October 19, 2011 by Brandon Russell
Success is measured differently by each person.  The school you attended, the company for which you work, the balance in your bank account, among other criteria, are all yardsticks by which people measure personal success.

I was recently handed an article by my CEO, asked to read it and share my thoughts.

The article came from the Harvard Business Review, and was authored by Clayton M. Christensen (Yes, the Clay Christensen who penned The Innovator's Dilemma - the penultimate authority on disruptive technology, and a great read for anyone interested in technology and how it interacts with and impacts society.)

The article, titled, "How Will You Measure Your Life," discusses the common pitfalls college and graduate school students experience when plotting their futures - and puts forth a simple, yet poignant truth - success is defined by how you, not others, measure your value and merit.

A Harvard Business School professor, Christensen's theories on management, disruptive technology, and leadership serve as the foundation of his lectures as he empowers his students to dissect real-life organizations and understand how decisions and practices, no matter how small or seemingly insignificant, can have a major impact on an organization.

That's all great, but I know those of you who have bothered to continue reading are wondering, "How does this relate to me? Why is this relevant to the Orr Fellowship, and why do they let you write these blogs, Brandon?"

I was getting to that.  But first I had to lay some groundwork. On the last day of class each semester, Christensen asks his students to turn these theoretical lenses on themselves.  How have their decisions, even small ones, impacted their lives, and eventually led them to where they are today?

He asks them to study themselves, and find answers to 3 simple questions:
  1. How can I be sure I'll be happy in my career?

  2. How can I be sure my relationships with my friends and family become an enduring source of happiness?

  3. How can I stay out of jail?
Okay, the third question is a little odd, but Christensen was classmates with former Enron President and current resident of the Englewood, Colorado Correctional Facility, Jeffrey Skilling - so it's relevant.

After reading the article, I turned these lenses on myself and the decisions I've made that have led me to where I am, and have reached out to others in the Orr Fellowship to do the same here's what I've found:

1) How can I be sure I'll be happy in my career?

This was big for me.  Like many other Orr Fellows, and I'm sure many Orr Fellowship candidates - I had offers for distinguished post grad jobs from companies whose names have serious brand equity, companies where my entry-level paycheck would have allowed me to purchase many leather-bound books and housing that smells of rich mahogany, but with me, as with the other Orr Fellows I included in my little experiment - it isn't all about the money, the title, or the bravado that comes from saying, "I work for Company X."

We joined the Orr Fellowship and took positions at high-growth startups because of the opportunity the program offers. The opportunity to network with professionals and leaders in the community, to grow personally and professionally, and the opportunity to create strategies for our lives. What the Orr Fellowship lacked in glamour, our clout, it has made up in spades through the opportunities we've been afforded.

Orr Fellowship companies are some of the best places to work in Indiana, and the entrepreneurial spirit in each organization, and the dedication to the personal and individual success of each employee is something you'd be hard pressed to find anywhere but a high-growth startup.

2) How can I be sure my relationships with my friends and family become an enduring source of happiness?

I know. This is a blog about work, and business, and technology, not the Dr. Phil Show. But, It's time to get personal. Plus, let's face it - to be productive at work, you need to be happy outside of work, and vice-versa. Relating this to my, and others' time in the Orr Fellowship, the common thread was the relationships I've developed within the program ARE an enduring source of happiness for me. Digging deeper, it's not just the relationships with other Fellows that add value to our experiences, it's our relationships with our non-Fellow co-workers, our executive sponsors, and the people who speak at our Business Leader Meetings, who augment our experiences.

Yes, as Orr Fellows we spend a lot of time together and get to know each other on a personal level. But our culture as an organization, goes beyond that. We develop common bonds. We become friends. And these interactions, both positive and negative, ensure we continually grow as professionals and as people.

3) How can I stay out of jail?

I don't really need to go into much detail on this one - it's pretty self explanatory. Just don't do anything illegal. One Fellow went a philosophical on us and asked, "Why does jail have to mean prison?" He continued, "I think sometimes people build jails for themselves as a result of the choices they make, so I would challenge everyone to not only stay away from the illegal, but go one step further and stay away from the immoral, the ill-advised, and the unjust, as well. I'd challenge us to live lives of which we can be proud, not just try to stay out of jail - because a lot of guilty people aren't in prison."

At the end of his article, Christensen offered one extremely sage piece of advice, and that's how I'll end this post.

"Choose the right yardstick."

Only you know what's best for you. Do not measure your success by how others measure you. Choose the path that will allow you to be happy in your career, happy in your relationships and interactions with others, and keep you out of jail.

If you've read this far, I applaud, and thank you. I can be a bit long-winded. If you'd like to read Clay Christensen's full article, and turn this lens on yourself (I'd recommend it), Click Here.

Indianapolis Startup Scene

Saturday, January 8, 2011 by Kate Carrico
A recent article by the Indianapolis Business Journal (IBJ) highlighted multiple events and happenings in the Indianapolis area that point to the ever-growing entrepreneurial community here.

The article discusses Hackers and Founders, a monthly meetup that brings entrepreneurial-minded people together to hear three business pitches for high growth start-ups. Organized by Matt Hunckler, a current Orr Fellow, the monthly gatherings now reach around 200 people! From experienced entrepreneurs like Chris Baggott to young people such as current Orr Fellows and everyone in between, these meetups offer a chance to network, bounce ideas off one another, and learn about running a start up company -- all while enjoying food and drinks! If you're interested in starting a career in entrepreneurship or have an interest in the startup scene, this event is not one to miss.

The article also gave a shout out to the Orr Fellowship for its ability to bring young entrepreneurs to Indianapolis to work entry-level jobs in startup companies. This year, we've grown the Fellowship once again by taking nearly 30 new Fellows working for around 20 companies. By bringing some of the best and brightest recent grads to the Indianapolis area, the Fellowship is doing its part to keep fueling the entrepreneurial fire.

We're excited to see what 2011 has in store for each of us, the Fellowship as a whole, and the Indianapolis entrepreneurial community!

Maximize The Alpha

Tuesday, September 7, 2010 by Trey Buck

 
In the financial world, the term "alpha" is meant to signify a measure of performance that is adjusted for risk.  But how do we measure risk in the real world?  Are some entry-level jobs in start-ups more or less risky than others?  How can we know when we've found a winner, that coveted "diamond in the ruff"?


Some may say that it is nearly impossible to assess the risks of any new venture considering the volatility of markets, the unpredictable nature of competition, and the influence of shear luck and ingenuity.  While some of that may be true, there are certainly places that have been historically more successful than others: the Silicon Valley specifically.  But for the last decade or more, the Valley has seen stiff competition, with distinguished post-grad jobs popping up across the nation (and the world). 

I would argue that Indiana is one of the places most suited for companies hiring new grads to establish their roots: our cost of living is significantly lower than other states; our central location within the US places almost any major city within a day's drive; and Indiana has managed to keep its state and local government budgets contained while others have moved even closer to bankruptcy.

And these advantages have not gone unnoticed by the entrepreneurial community:  Start-Up Indiana is focused on developing high-growth start-ups in the region; Indianapolis now has its own start-up newsletter, Startup Digest, a free service helping entrepreneurs find events that might peak their interests; and the Orr Fellowship which is aimed at finding and growing tomorrows business leaders through placement in entry-level positions in entrepreneurial companies.  All of these initiatives are great examples of organizations driving jobs and opportunity within Indiana and sewing the seeds of growth and fortune.

        

So when thinking about how to evaluate job opportunities, remember to find those places that minimize the risk of failure and maximize the chances of success.  Look to the local community and their support for up-and-coming entrepreneurs.  Ask questions.  Seek  guidance.  And most importantly, do all you can to maximize the alpha in your life and career.

The Question Every College Senior Asks

Monday, August 16, 2010 by Corey Kime
About this time last year, I was winding down my summer job and gearing up for my last year of college at Indiana Wesleyan University.  Like most college seniors, one thought came up over and over again in mind:

What am I going to do after I graduate???

Fast-forward twelve months and not only have I settled down in a new job, but I have been exposed to opportunities that I never thought I would be this early out of college.  I was able to get this job through the Orr Fellowship, an organization dedicated to the development and retention of Indiana students and natives.  The fellowship seeks to match college graduates with high-growth companies in Indiana.  I was fortunate enough to be hired on at Compendium, one of many entrepreneurial companies in the Indianapolis area.

Since the start of my job two months ago I have been exposed to many different areas within Compendium that a normal entry-level job may not provide.  The accessibility to executives within your company and the hands on experience that I've gotten in just two months has been both exciting and a great opportunity to learn.  

Not only do you get a great job with one of the fast growing Indianapolis companies when you are in the fellowship, but you get to go through the fellowship with several other recent graduates just like you.  I have developed good friendships with several people in the fellowship and it has given me an instant network of recent grads in an area where I would not have had that big of a network without it.

So if you are about to head back to school for your senior year like I was twelve months ago right now wondering how you are going to find a job and what you are going to be doing, be sure to consider the Orr Fellowship.  The opportunity to work at high growth start-ups along with the instant network of friends your age is a tough combination to beat.

Interested in a Career in Business? Then Get to Work!

Friday, February 5, 2010 by Natalie Ciambrone
A struggle for many college undergraduates is deciding between going to work and getting more education after graduation. No matter your personal opinions, this article from CareerRealism.com gives some pretty convincing statistics about why you should invest in your career early – and helped me reaffirm my decision to take the leap and accept my entry level marketing job with WebLink International.

And as though that article wasn’t enough, last night at our Business Leader Meeting, Lorraine Ball of RoundPeg reiterated the point of investing in your career before going to graduate school. The main reason: If you go directly into an MBA program, you have little real-world business experiences from which to draw. Lorraine shared how much more value she got out of graduate school because she worked for a few years between her degrees. Especially in times of 10%+ unemployment rates it’s easy to play it safe, go back to school, and hope things are better when you are ready to enter the workforce; but, as J.D. O’Donnell says in his article, “I wish [students] could talk with all the unemployed MBAs out there right now who are knee-deep in loan debt.”

Joining the Governor Bob Orr Entrepreneurial Fellowship is a great way to invest in your career early. The jobs with the Fellowship’s host companies provide Fellows valuable career experience in fast paced jobs – experiences that will allow you to bring more to graduate school discussions and classes (if you decide to go back).

Plus, getting experience in fast growing Indianapolis companies can help make the decision about going back to school easier. Some realize they don’t need an MBA to get where they want to go. Others learn that getting more education is the path they need to take. But no matter what, there is no doubt that during your two years in the Fellowship you will benefit from its unrivaled work experiences and networking opportunities in Indianapolis.

The Orr Fellowship: A Networking Opportunity in Indianapolis

Thursday, February 4, 2010 by Blaine Cooper-Surma
As a young professional in the real world, there are two things that every mentor says will inevitably determine how successful you will be in the long run - "what you know" and "who you know."  The Governor Bob Orr Fellowship thrives off of this mentality.

By taking entry-level jobs in entrepreneurial companies, Orr Fellows learn early-on the importance of hard work and quickly come to appreciate grassroots beginnings.  Although these recent graduates oftentimes begin their careers doing not-so-glamorous work, one thing that allows them to quickly grow their careers is the exposure they get to some of Indiana's finest business leaders.  Orr Fellows, because of the range of responsibilities that they acquire during the beginning of their careers, quickly learn everything there is to know about running small, entrepreneurial companies.  This experience speaks to the first aspect that I spoke about - "what you know."

During the first two years of being in the Orr Fellowship, Orr Fellows spend a good of time in environments that force them to become comfortable interacting with a range of business and political leaders throughout Indiana.  Because of these experiences, Orr Fellows typically develop meaningful relationships with many of these well-known professionals.  Each month, Orr Fellows come together for a Business Leader Meeting where one or two of these leaders speaks to the group about their professional experiences that have helped them to get where they are today.  These meetings are discussion-based, meaning that fellows are able to ask questions at any time during the meeting.  Orr Fellows enjoy partaking in these events because what's more valuable that receiving advice from those that have succeeded in their profession?  Typically, after the speaker is finished, there is plenty of time for networking.  For this reason, the Orr Fellowship is the best networking opportunity in Indianapolis.

Today the Orr Fellowship will be meeting with Lorraine Ball, founder of RoundpegRoundpeg is a small marketing firm based in Indianapolis, Indiana that helps small business become big businesses with the help of effective marketing.  To learn more about Lorraine, check out her website.  You can also hear her speak about her passion for local businesses and the impact we make every day with our purchase decisions by clicking here.


Super Bowl Commercials Sacked by Social Media

Thursday, January 28, 2010 by Blaine Cooper-Surma
If you've had a chance to keep up with the news, one of the recent headlines is Pepsi's decision to strategically re-focus its advertising dollars that have typically been budgeted for the NFL Super Bowl.  Like Budweiser, Coca Cola, and GoDaddy.com, Pepsi has been known to spend millions of dollars in advertisements during this spectacle that reaches millions of viewers every single year.  So where will these dollars be spent this year?  As you might have guessed, this year Pepsi is going with Social Media!

According to the Wall Street Journal, Pepsi plans to focus its advertising strategy on a "marketing platform" rather than blitzing viewers with commercials during this single event.  So, by using social media sites like Twitter and Facebook to reach consumers, Pepsi will be tapping into a virtual world of endless advertising possibilities.  On Facebook, for example, Pepsi can issue invitations to its followers to participate in a poll.  When someone votes, a message will get posted on their personal Facebook page that says they participated in the poll.  This my friends, is what we are referring to when we talk about viral advertising.

     

According to one report, Facebook is a virtual treasure trove for advertisers wishing to target 18 to 49-year olds.  Twitter's numbers are a little lower, but impressive, nonetheless.  Social Media Today, however, noted that 19 percent of adults between the ages of 18 and 24 have used Twitter or something like it, 20 percent between ages 25 and 34, and 10 percent between ages 35 and 44.  These numbers are the reason that Pepsi has reconsidered their advertising strategy. 

So how does this relate to the Bob Orr Entrepreneurial Fellowship?  Well, it just so happens that the majority of our host companies in this entrepreneurial fellowship are start-up technology companies.  Thus, Orr Fellows are taking entry level technology jobs in some of the fastest growing Indianapolis companies.  So what types of things are some of these host companies doing in the social media world?  Well, a 2010 host company, Formspring, has recently reached new heights with their social media application called Formspring.me.  This application is a free, simple service that allows you to create anonymous question boxes for all of your social networks.

Pepsi's migration away from televised Super Bowl ads is a trend we can expect other big companies to follow.  There is far more bang for the buck in advertising online rather than producing and paying for 30 seconds of airtime during one of the most expensive televised events of the year.

For those that don't know much about the Governor Bob Orr Entrepreneurial Fellowship, it is an Indiana-based non-profit organization that provides jobs for recent graduates in fast growing Indianapolis companies.  Whether you're looking to start a marketing career, an entrepreneurship career, or maybe just a career in business, this is one unique fellowship program like no other.

Adaptiveness

Monday, January 11, 2010 by Nate Bullock
The May 2006 issue of Human Resources magazine featured an article by Sommer Kehrli and Truy Sopp in which the authors attempted to share tips with older generations on how to manage Generation Y, a group roughly 80 million strong born after 1978 that began entering the workforce five years ago. Often the onus for change is on older generations. After all, we 'Millennials' are coming into the workforce whether current generations like it or not. Why should the 'new' be the ones to change our habits or learn new ones from the 'old'? 

An an entrepreneurial fellowship, we constantly strive to place distinguished college graduates into high growth start-ups. But at the same time, we also communicate the need for constant improvement and learning from industry leaders. Nobody is a subject matter expert anymore and while entry-level jobs in start-ups will help you become more knowledgeable about a specific area, it won't guarantee career-long success. To quote Dr. Thomas Mason, Professor of Economics at Rose-Hulman Institute of Technology, "to be successful at [an older] age, you need to keep learning." 

Need real world examples? 

Did you major in Public Relations or Marketing in college? Are you pretty confident writing press releases? Cool. BUT, looks like Presslift is a step ahead and that skill set will become mainstream in the near future.

Did you major in Web Design or UX in college? Are you pretty confident designing emails for your company's marketing team? Great!. BUT, Toddle is making email newsletter design and marketing a breeze.

Major in Finance? ChubbyBrain is democratizing your skill set.

Going to Law School? Legal Zoom has the basics covered.

Are you a scrapbooking professional? Yup...the semantic web has taken over this too.

EVERYTHING  is changing. High-growth start-ups and technology jobs in Indianapolis will KEEP changing. Being an expert today doesn't ensure anything for tomorrow. As Gen-Y'ers, we want to be mentored, use new technology, and be given the space to try new things. But we can be too confident, and in the process, atrophy our innate strengths of learning and development.

Your job won't be around forever, and if you don't keep learning, neither will you. The first step is accepting that a college degree doesn't make you an expert. The second is opening yourself up to learn skills, habits, and lessons from Generations past.

Oh...and sign-up to have your tree lugged through TREE LUGGERS or follow our tweets @treeluggers.

Thinking Like an Entrepreneur

Monday, January 11, 2010 by Bryan Povlinski
In our recent business leader meeting with Thomas Mason, and Economics and Engineering Management professor at Rose Hulman, he made the point that any employee should always be trying to "Think like an Entrepreneur."  Now that doesn't mean that every employee should aspire to be an entrepreneur, or that employees should be thinking about starting new businesses while they're working for their current company.  What it means is that, as an employee, you should constantly be thinking of better ways to do things in your current company, and thinking of new business opportunities for your employer.  These new ideas don't have to be world-changing, million dollar ideas, but rather small innovations that get things moving the right way. 

I'd venture to guess that most employees at entry-level jobs in Indiana do not have this mindset.  But when you're working with high growth start-ups "thinking like an entrepreneur" is practically required.  A lot of the companies that are part of the Orr Fellowship are small, entrepreneurial companies in Indianapolis.  They don't all have a full marketing or finance department.  These companies need Orr Fellows to come up with unique ideas to help build their business.

How can you be "thinking like an entrepreneur?" 

Are there certain things that are done at your company every week just because "that's the way they're always been done?" If they no longer make sense maybe it's time to make a change.

Do you have a perspective from a previous internship or organization that no one in your current company has?

Maybe there peripheral activities that are outside the responsibility of your everyday job that you can address.  Starting a recycling program or fitness routine could make a bigger impact than you think.

There are countless ideas just waiting to be taken.  Are you thinking like an entrepreneur?

Giving Back. The Orr Fellowship Way.

Wednesday, November 18, 2009 by Natalie Ciambrone
The propensity of students to give back to their communities while in college, rarely translates after they graduate (based on my observations). It’s not because we become bad people as soon as we leave a college campus, it’s because, frankly, the opportunities aren’t as accessible and finding time between working your first full time job and all the other responsibilities the real world brings new grads is often hard.

Through the Orr Fellowship’s Personal Service Initiative (PSI), Fellows give back to their local communities in whatever way they choose. Some prefer to mentor, others prefer to walk dogs at the Humane Society. Personally, I am reconnecting with a non-profit I was involved with during college. But no matter our interest, the Orr Fellowship allows us follow our own passions related to volunteerism.
 
When talking to prospective Fellows, I love to talk about the Fellowship’s PSI because it doesn’t allow us to put service on the back-burner. Rather, the Fellowship provides the extra motivation to give back in our own right.  Plus, doing group service projects is another great way for our group (who all work in different entry-level jobs in entrepreneurial companies) to bond!

So, although the Orr Fellowship prides itself on the business connections it creates, giving back through the Personal Service Initiation is yet another unique opportunity of the program.


Cucumber Flavored Soda Pop

Monday, November 16, 2009 by Nate Bullock
This video surfaced last week from Chow.com, a food and recipe site. I found myself at work watching John, the proprietor of Galcos Soda Pop Stop based in Los Angeles, walk me through his store and serendipitously bring me into his world of 'bubbly water'. Aside from his addictive personality, one can't help but be fascinated by the sheer volume of knowledge the man possesses about everything from rose petal flavored soda to his worldwide business development pipeline. It's always refreshing to hear and see someone who genuinely loves what they're doing.

When I watched the video, I couldn't help but think of entry-level jobs in Indiana. Entry Level Careers are often sought by people who want to make a lot of money, manage a team of employees, and take the elevator straight to the corner office. Most fast paced jobs offer entrepreneurially minded young people the chance to win many of those responsibilities. However, high-growth company jobs, and many other entry-level jobs in Indianapolis are about one thing: passion for doing good work. Companies hiring new grads need talent, but more importantly they need passionate talent. One sure-fire result of being passionate about your career is knowing your business inside and out. Jobs at a small company require that everyone contribute, and companies hiring new grads will open their doors to people who are willing to enter a business career in Indianapolis with a fervor for knowledge, hard work, and dedication.

The shipping is expensive, but I'm looking forward to my cucumber soda shipping in from California this week. Case-in-point right there...John was so passionate in his video that I actually ordered a case of cucumber soda. Imagine the possibilities if you began your business job in Indianapolis with that kind of passion...


And the Rivalry Continues...

Thursday, November 12, 2009 by Natalie Ciambrone

As DePauw and Wabash students and alumni everywhere get ready for arguably one of the greatest sports weekends (for our schools at least), I can’t help but start feeling nostalgic. Even though I’m less than one year out of college, it’s weekends such as “Monon Weekend” that make me long to be back at DePauw.

But then I remember the stresses of senior year and am quickly snapped back into the reality that my entry level job isn’t bad! No longer am I balancing finding my first full-time job with senior seminar, other classes, and extracurricular activities.

At this time last year I was in the middle of the Governor Bob Orr Fellowship recruitment process – excited about the possibility of working in a high-growth Indianapolis company. Never did I consider that a year later I would be working closely with a couple of Wallys. But, despite our innate desires to compete with each other, the reality is that when it comes to doing great work, we are able to put aside our alma maters and come together.

And that’s one of the things I love about the Orr Fellowship. Not only has the DePauw/Wabash rivalry been enhanced (no longer does the distance between our schools hinder the pre-game trash talking), but it brings together individuals who might never have gotten a chance to meet/work with each other.

The sad reality is it takes more effort to find friends in the “real world” than on a college campus; especially when working with a small, entrepreneurial company where you could be one of only a couple 20-somethings in the office. So having that built in network of young professionals the Orr Fellowship brings together is a very unique opportunity.

(GO TIGERS!)

My Path to the Orr Fellowship

Tuesday, November 10, 2009 by Blaine Cooper-Surma
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!"