Last night the Orr Fellowship squad gathered for our December Business Leader Meeting (BLM) with Thomas Mason, Ph.D. Mason is a Professor of Economics at Rose-Hulman Institute of Technology and is an avid proponent of entrepreneurship in Indiana. Having seen and experienced a number of entrepreneurial growth situations in his lifetime, he had ample advice about high growth startups, entreprenuerial careers and how to continue your own personal growth whether through post-graduate education or just being a learning "sponge" during your career.
One thing Mason talked about that caught me by slight surprise (I say slight because I had looked at some of his articles already), was his take on failing. Mason argues that having a good failure (preferably early on in your career) is a learning experience like no other. And its best to take your chances and fail while you're young because you don't have as much to lose. Of course being in a room with a bunch of young twenty-somethings who don't know much about failure and want to stay far from it garnered some blank stares. You want me to do WHAT? However, he does have a valid point and made some good cases for his argument with anecdotes of students from his past who had gone on to do great things after having "great" failures.
It was some interesting advice for the Orr Fellows as some are in the midst of making big decisions about what lies ahead after the Fellowship.
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