Why havent you started a business yet?

Thursday, December 10, 2009 by Trey Buck

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 tKauffman Foundationhat 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 rApple Pieight 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?

Group Service Date Set for Fellows

Monday, November 30, 2009 by Katie Lindahl
The date has been set for the Orr Fellowship's Holiday Group Service Project! On December 20, we will head up to the Amazon.com fulfillment center in Whitestown, IN for Gift Wrap With a Smile, an opportunity for local Indianapolis non profits to earn extra money by having its volunteers gift-wrap products for Amazon's customers. For every gift wrapped, 75 cents is donated to the non profit.


                                         
This year Orr Fellows will be wrapping gifts to raise money for the Shepherd Community Center. Shepherd's mission is to break the cycle of poverty on the near east side of Indianapolis. Shepherd offers programs for children, teens, adults, and families, helping to meet their physical, emotional, academic and spritual needs.

 
The Service Initiative is yet another aspect of the Governor Bob Orr Entrepreneurial Fellowship that makes the Fellowship one of Indiana's best jobs. In addition to the Personal Service Initiative, which Natalie referred to in her previous blog, the Fellowship Group Service (FGS) is designed to bring Fellows together for a day of service where we can give back as one. One unified group, one cause. When you work at jobs in fast paced companies like we do, it's hugely beneficial to slow down and take a minute to appreciate all of the opportunities afforded to us.
 
Not bad for your first full time job, hm?


 

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.


Learning Lessons

Wednesday, November 18, 2009 by Katie Veatch

You may ask – what am I learning?  Well, I’ve been learning a lot of new things, but most recently, that you can’t trust a Wabash boy!!  Yes, Blaine stole my picture to use in his blog.  So, in response, here is another picture.  Notice how Blaine isn’t fighting back in this one.

Something else I learned over the last week is to not take the people in your life for granted.  I met some amazing people at DePauw, and over my four years there, they became like family.  It is easy to think that those people will always be around, and then after graduation everyone splits off in different directions.  Being back together with everyone at the Monon Bell game really made us all appreciate the time we have together.  That weekend was one of the best experiences I’ve had.

The transition from the college “bubble” to working in your first full time job in the “real world” can be tough, and now I’m realizing how important the Governor Bob Orr Fellowship has been in that process.  At the Orr Fellowship Reception on the Circle last week, I was asked several times what my favorite part of the Fellowship is.  My answer is simple: the people.  Being a part of the Fellowship opened up more connections than I ever thought possible.  It helps ease that difficult transition by surrounding you with friendship, guidance, and unique opportunities.  The current Fellows have already become a social network and support system.  We are all working in high-growth Indianapolis companies and can share our experiences and learn from each other.  The alumni offer their experience and advice.  The executives and directors are accessible and volunteer their time and energy to contribute to our personal and professional development.  When I joined the Orr Fellowship, I was welcomed with open arms into this fantastic new group of people. 

All of the candidates I met last week at the Reception on the Circle were incredibly intelligent and motivated individuals, and it was great to have a chance to get to know them.   I’m looking forward to see who moves on to Finalist Day.  And I can’t wait to meet my new group of friends… I mean the new class of Fellows.

So despite the fact that we’ve been trained to be enemies during our college careers and we might not like to admit it, Blaine, Ty, Natalie and I are all actually friends.  Maybe sometime I’ll put up a picture where we are all being cordial.  If only we can get Blaine to agree to take one…

A Day in the Life of an Orr Fellow

Thursday, November 12, 2009 by Blaine Cooper-Surma
One of the questions that I commonly receive from Orr Fellowship candidates is, "What types of things do you do at work?"  For most Orr Fellows this is a straight-forward question, but for me, the answer is a bit more long-winded.

When I accepted my offer with the Orr Fellowship, I also accepted an offer with ExactTarget.  ExactTarget has participated as an Orr Fellowship host company for many years now.  It differs from the rest, though, in that it offers a particular program for recent college graduates - the Catapult Rotational Program.  The Catapult Program is designed to provide college graduates the opportunity to rotate through three departments within ExactTarget.  It allows you to develop your professional skill-set while obtaining cross-functional experiences.  Upon completion of the three two-month rotations, "Catapulters" are placed in a permanent position that allows them to deeply impact the success of both their department and ExactTarget as a whole.
Now, back to the question that I was previously talking about.  When answering the posed question about my typical day at work, I generally describe my current and past rotations.  My first rotation at ExactTarget was in the Human Resources department.  I then transitioned to Customer Relationship Management.  My third, and current rotation, is in Sales Operations.  So what types of things am I doing during my time at the office?  I'm currently preparing to lead a portion of our Sales Training On-boarding class that is now taking place.  When a salesperson joins the team at ExactTarget, they go through a rigorous, two-week long training course.  Within the first two days in my current rotation, my manager asked me to learn everything I possibly could about our Salesforce Integration application through AppExchange, while creating the presentaton from scratch, in order to set myself up to teach the group of new hires.  Needless to say, I feel ready to go for next Tuesday's class!
After I've shared my experiences with these college seniors, I like to turn the focus on them.  I ask them if there are other career opportunities that they're pursuing that allow them to join a company and immediately be able to make an impact within the organization.  The answer is almost always a resounding "no." 

So why do Orr Fellows get the leg-up when it comes to career-growth opportunities?  From talking to several different employers and upper-level management, the overall consensus is that the Orr Fellowship has a reputation of supplying high-growth Indianapolis companies with talented, hardworking employees.  I consistently hear these business leaders talk about how comfortable they feel putting these Fellows in a sink-or-swim environment because they always know that these young professionals will find a way to come out on top.

So when considering your first full-time job out of college, think about what I've said.  If you're looking to grow professionally while making a positive impact in your organization, the Governor Bob Orr Indiana Entrepreneurial Fellowship might be for you! 

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!)