Do Entrepreneurs Need Luck?

Taking advantage of an event honoring Purdue’s 2011 Old Masters, we recently provided a dozen students the opportunity to spend an evening with these successful Purdue graduates. The Old Master’s were asked to introduce themselves and provide a brief description on how they got to where they are today. Many gave the audience a short story of exactly that, except for one Old Master, Dan Baker – Vice President/ General Manager of Sabre Industries, Inc. a company that provides infrastructure products and services to the telecommunication industry and a graduate from Purdue with a degree in Construction Engineering and Management in 1985.

Dan grabbed our attention and led his personal introduction with a series of short and sweet quotes or phrases. One in particular grabbed my attention and really resonated in the mind frame of entrepreneurs.

“Luck is the cross-road of opportunity and hard work.” – I couldn’t agree more.

Successful entrepreneurs seem to have “luck” but digging deeper it stems from their due diligence and perseverance – hard work and proper market analysis and viable products/ideas – opportunity.

 

Mentor vs. Mentee…who gains more?

Our inaugural undergraduate women’s mentoring program in partnership with the Susan Bulkeley Butler Center was launched this week. What a great success! All for the betterment of our entrepreneurial undergraduate women, but who gains more from the relationship?

Once it is discussed what the mentee would like to achieve in the mentoring relationship, one would think it’s rather obvious what the expected outcomes of the relationship will be. However, as a facilitator of the mentoring program, I am intrigued to find out what mentors learns from their mentees after the duration of the program (2 semesters) that they didn’t anticipate or plan for. I think there’s much to gain from entrepreneurial minded women. I’ll be sure to update you all!

Internships…..Do you really need one?

Some say it’s no longer…”It’s not what you know, it’s who you know.”

Now it’s…”It’s what you know AND who you know.”

With the shift in the economy and the workforce going global, it’s now more than ever a challenge for college graduates to find good jobs. An internship is more than just working for a company and gaining experience to complement what you learn in college. Internships during college are a great way to accomplish both experience in your field and making personal, professional connections to help bring your resume to the top of the stack. They can be the best networking opportunity for college students.

Ask yourself…

 

  • Are you being left out of the top pool of resumes by not having internship experience?
  • Is it time for you to get an internship?

Click here for ENTR internship opportunities.

Wanna be like Steve…

With the passing of Steve Jobs, co-founder of Apple Inc., many articles have been published on his success as an entrepreneur. After clicking through links and hopping from site to site, I stumbled upon a quote that Steve used during one of his many speeches and wanted to share it as it sums up a characteristic of a successful entrepreneur…

Steve loved an old Wayne Gretzkey quote, “I skate to where the puck is going to be, not where it has been.” Steve followed that by stating, “We’ve always tried to do that at Apple. Since the very, very beginning. And we always will.”

…foresight.

Looking forward…

It’s hard to believe the Certificate in Entrepreneurship and Innovation program was launched only 6 years ago in the Fall of 2005. Multidisciplinary education was novel at the time and generally the domain of management schools. Many universities tried our model but were limited with success. We look forward to sharing student thoughts, experiences and entrepreneurial life in the blogs to come.