You are currently viewing Entrepreneurial Dean Entrepreneur Educator Drexel University Close School Of Entrepreneurship Damian Salas Show 014

Entrepreneurial Dean Entrepreneur Educator Drexel University Close School Of Entrepreneurship Damian Salas Show 014

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0:00you’re listening to the listen up show
0:01startup entrepreneur podcast on the
0:03children your host today on shows your
0:06own 14 today we’re here with amy and
0:08Alice friend your business it’s your
0:14family you’re like let’s get started
0:17well tell you what do you mean we
0:18connect on many different levels i have
0:20two girls I have two dogs i got a cat
0:22you know that’s why like I said the
0:24podcast not only focuses on business
0:26because obviously that’s important but
0:28you always have to ask yourself why
0:30you’re focused on the business and that

0:31is to also make sure that you have a
0:33good life and and also that you always
0:35are focused on your family and you
0:37really need all three and and that’s not
0:39to say that one is more important than
0:41the other because for me family is above
0:43all ok we’re here today with Damien
0:45Dallas have you today on the show that
0:48it’s great to know super you’re actually
0:50the assistant dean of the
0:52Entrepreneurship a living-learning
0:53community for the clothes school of
0:55entrepreneurship at Drexel University
0:57which was actually funded by the state
1:00of charles d clothes and the Charles and
1:03Barbara close foundation and actually
1:05that’s correct right excellent and it’s
1:08the first freestanding school of
1:10entrepreneurship in the nation offer
1:12degrees is that correct that’s
1:13absolutely correct you know it was it
1:15was something that was really just there
1:18at Drexel University you know drexels
1:21entrepreneurial and it its founding with
1:23with aj drexel and entrepreneurship
1:27startup was really just always on campus
1:31always really everywhere at at the
1:34University and so the Charleston close
1:36foundation graciously allowed us to kind
1:40just bring it out from the dorms bring
1:43it out from the from the classroom and
1:45say okay you know what this is this is
1:47something that’s happening at drexel
1:50let’s let’s go ahead and and really push
1:53it forward as an independent school of
1:55entrepreneurship and being the first in
1:58that kind of disruption will higher
2:00education and really just kind of allows
2:04those individual students who are
2:06looking for a continued looking for a
2:08path of entrepreneurship it really gives
2:10them a home we sign up to my email
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2:39transcript for each interview my ebay 30
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2:47materials all back at Mitchell Chad / China enjoy the show
2:55you’ve actually all the energy and
2:56management here at Drexel University at
2:59the college of business and and so
3:01you’re not only an educator but but you
3:03also have your own executive management
3:05experience working and startups and
3:07mid-sized companies so maybe what you
3:10could do is tell us a little bit about
3:12your own personal story as well as your
3:15own business background tell us a little
3:16bit about you know like i said your
3:18background and how it actually ties into
3:20to how you’re actually helping people
3:23yeah sure so you know my background is
3:26pretty varied you know I come from
3:27family business as well so that the
3:29whole idea of business is really kind of
3:32ingrained with me and working with my
3:34with my family at a very young age I
3:38understood that you know it was the
3:41power if you will of leading yourself
3:46and leading you know a team of people
3:48was incredibly important so you know you
3:51know HR was is what might my training is
3:55in and i spent most of my ears and in HR
3:59that setting and really found really
4:02found it to be rather rewarding in that
4:05I was allowed to be innovative and kind
4:10of look at what we were doing in a
4:12different way so HR i believe is at the
4:16core of any business function business
4:18operations business strategy
4:21and I i found that experience to really
4:26allow me to express myself so you know
4:29the other thing that’s about me is I’m a
4:31musician and I think like okay yeah in
4:35that position music is an art form but
4:38it’s also a process it’s an analytical
4:41process that musicians go through and
4:45and so you know those that’s how I frame
4:47things and so HR being that that that
4:52funded that foundation that fundamental
4:55business strategy I i kinda looked at it
4:58as a way of expressing you know what was
5:02this the standards of HR wore those
5:04historical probably no recruitment and
5:06benefits and and leadership and then
5:10look we’re doing how we’re doing it and
5:11then looked at how we could change it to
5:14better the the business operations and
5:17so you know this all idea of corporate
5:20disruption is really something that I’m
5:23passionate about something that I did
5:24and requires leadership requires
5:26leadership it requires look at things
5:29differently first of all requires you to
5:31understand the process and then
5:32ultimately change it to do that it’s a
5:36difficult process it can be lonesome
5:40I you know I can absolutely say using
5:44that I was not a very popular individual
5:48some point in my career so so that that
5:53I brought that to the classroom as well
5:55at the college their business it
5:58attracts the university and i also got
6:03my MBA there so the story goes with that
6:07is that Dean to carelessness she was a
6:09professor at that point at that moment
6:11she was one of my professors and she
6:14enjoyed my work and enjoyed my
6:18presentation of course my background and
6:20I immediately began teaching for her
6:23right after my my my graduate school
6:26there once she founded this school I
6:29reached out to her and said
6:31love to be a part of it to work with you
6:35and she understood my area obviously i
6:39was working for already has an axon and
6:41said yes let’s do this let’s build this
6:44out together so i was very early in the
6:46founding of the school and it really
6:48does fit my wheelhouse in that it is a
6:50corporate ultimately at the courts of
6:52corporate disruption right to be sure to
6:56take it out of the business had to be
6:58independent really it’s a statement and
7:00it’s been it’s been an incredible
7:02statement person incredible ride skater
7:04sponsors our startup brown for all your
7:07hosting needs head on over to Mitchell
7:09Chad / hosting again that
7:13hostgator head on over to Mitchell Chad flash hosting for all your web
7:18hosting the reason why I was always
7:20related to actually have you on because
7:23as you know our audience are you know
7:26new entrepreneurs are or people who have
7:28had their businesses for a few years and
7:30they’re looking to sort of take it to
7:31the next level and you know it sounds as
7:35if you know you have that passion for
7:37all things productivity and quality and
7:39development and strategic planning to
7:42mention about the family business and
7:44you know one of the one of the things
7:46that the audience sort of likes is you
7:48know not only are you an educator a
7:50trainer and someone who is passionate
7:53about teaching but but you’ve actually
7:56done it actually so can you tell us a
7:59little bit about your beginnings in
8:01business with it with the family
8:03sure you know so my parents have a real
8:07estate and a company in South Jersey
8:11real estate development company part of
8:15it includes a real estate broker and the
8:18other part of it includes custom home
8:20building and so as I mentioned very
8:23early on I was in that working with my
8:25ultimately helping you know the family
8:29established the real estate part of it
8:34right now
8:35a big part of it is managing properties
8:39in a property management concerned
8:42that’s down there inshallah
8:43jersey and so you know going out there
8:46and when you’re 13 and 14 years old and
8:48seeing my dad and working with my dad
8:51rehab houses and you know struggle
8:56ultimately to kind of do and then build
8:59the company is something that she
9:01humbling something clearly that helps
9:04you with your ethic you know my dad and
9:07I go back and forth we talk pretty much
9:09every day and talk about you know what
9:13the agenda for the day is I think
9:15ultimately the conversation is about a
9:18competition of who’s working the hardest
9:20and at seven years old that continues to
9:24you know to win that competition
9:27yeah that’s really it sounds like a
9:29regional David Cutler toll brothers you
9:33know III DR Horton of aenean that that
9:38type of operation but but you’ve also
9:40actually founded other companies as well
9:42and so maybe maybe take us quickly into
9:44that because you know it kind of gives
9:47us the insight of who you are as a
9:50business leader and I think you know
9:51people are really really interested in
9:53knowing more about you and we’ll get
9:55into the school in a minute but I I
9:57certainly wanted to you know let
9:59everybody know about that because you
10:01know where we’re really interested in
10:03your senior person so you know I you
10:05know I as i mentioned i like destruction
10:08a lot like really big challenges and so
10:10my business partner and i we identified
10:14a a problem and ultimately that was
10:16identified on a business trip down there
10:18in Argentina a while back where we said
10:21how can we how can be improved
10:23healthcare I i had a might want my
10:27daughter very early age I believe she’s
10:2918 months was admitted to the hospital
10:31for something and babies are typically
10:35given caps are I’m sorry an ID through
10:39their foot and ultimately that IV austin
10:43infection or foot and from that point to
10:46the point that says that my business
10:47partner is looking at self-solving the
10:50big problem I knew that that was always
10:52a problem that is that hospitals were
10:54causing infection
10:56and ultimately had to treat that
10:58infection and so there’s a cost of that
11:00there’s a big challenge that the
11:02healthcare laws are looking to help
11:04hospitals better understand those costs
11:07and so we decided to hit it straight on
11:10and we identified a solution for
11:13hospital curtains that were being still
11:16to this day are not being addressed that
11:18Hospital curtains really were one of the
11:21vehicles for infections in hospitals you
11:24can imagine the doctor comes in and
11:25opens the curtain and then you know
11:28treat the patient and then close the
11:30curtain without washing their hands
11:32there were solutions and there are
11:34solutions for surfaces for door knobs or
11:38stethoscopes that were hoping you know
11:41materials that we’re going to prevent
11:43infections but no one was looking at the
11:46hospital person so we set about love
11:48finding a business partner in fact
11:51direction was going to also be a part of
11:53the the validation of the materials hav
11:59with the with the with another partner
12:01in north jersey to develop a material
12:05that would be used silver and
12:07nanoparticles that would ultimately
12:09prevent infections the business really
12:12you know it’s really ultimately a story
12:15about failure that bitch because he did
12:17not launch a product he applied for
12:20funding and then look for funding i
12:23believe it was a mix of business
12:26relationships we have we brought in some
12:27other partners to this to this venture
12:30and and the JV that that ultimately
12:32failed for for us to actually get this
12:36product out there you know it’s
12:39interesting because one of my one of the
12:41questions that i was going to ask you
12:42later on is you know what has been one
12:44of your biggest business failures and I
12:46think that you kind of just kind of let
12:48into into the question as it relates to
12:51this company that we were talking about
12:52now that’sthat’s into this group LLC is
12:55that the company that were that we’ve
12:57been talking about
12:58that’s right ok and so maybe tell us a
13:02little bit of a little bit more about
13:04you know that failure and what you learn
13:06from it and and how you basically
13:09it and where you are today with you know
13:13whether it be with the product or you
13:15know what’s happening today in the
13:17market with it
13:18yeah I understand the danger that
13:20question i understand that there are
13:21some people that are looking at the
13:24curtain itself the material of fabric
13:27that that can do that you know the
13:29technology and fabrics is really a space
13:31taken off and smart fabrics etcetera etc
13:34I there is a company that i’m aware i
13:38think it’s at massachusetts that’s
13:40looking at a different type of infusion
13:44I believe they’re looking at copper
13:45versus other other particles that we’re
13:48looking at but as it relates to the
13:50failure i think the core of it literally
13:53was the relationships of the business
13:56partners that we had at one point that I
13:58remember sitting at we were we were
14:00sitting down to talk about financial
14:04aspects contributions that we all have
14:07to make to get this thing going and the
14:11four of us sat down and the one
14:14individual that that was with us was an
14:20important partner he was the medical
14:23partner that was key to this thing going
14:25going forward and it was a discussion of
14:29the complete reversal of what was
14:32discussed on the phone and we agreed to
14:34and I think that ultimately cascaded
14:37began the process of really of the
14:41company kind of dissolving at that point
14:43that we we applied for an SBIR grant
14:47which is a small business innovation
14:49research grants from the federal
14:50government that also was not accepted
14:55and that really was the nail in the
14:56coffin and then finally the JV that we
14:59had with the company that was going to
15:00really develop the technology really
15:02locked us in for a longer period of time
15:05that we needed to be in that so we
15:07couldn’t get it quickly enough to detect
15:10to catch up with the market to catch up
15:12with the that the validation of the
15:15materials etc etc and that really again
15:19I think she’ll deal so of my partner and
15:22i have
15:23did the group 2a we attempted to visit
15:28to a consultancy where we were going to
15:32help small and mid-sized healthcare
15:35companies identify their processes again
15:38back to that HR strength and business
15:40partner strength of a six-month helping
15:44those companies really understand the
15:47lean model the process of looking at you
15:51know their finances and operations and
15:54really helping small companies kind of
15:56take themselves to the next step that we
15:59launched that and immediately after that
16:01I joined the clothes school and at that
16:02point I had to make a choice i was i all
16:06in at drexel or was i all that although
16:10that consultants you still exist you
16:12know traction really family of course is
16:14taking all of my time so trusted friends
16:17out there listening to damien what he’s
16:19saying is that not all your failures are
16:22failures so actually from that you
16:24actually created this this workforce
16:26management consulting company where
16:29you’re actually helping you know with
16:31with Lean Six Sigma as you said in
16:33management development and from there
16:36you you actually then came into the
16:39Entrepreneurship program here at Drexel
16:41University and of course today you know
16:44you’re you’re you’re successful as as
16:46the assistant dean really helping a lot
16:48of students and we’re going to get into
16:49that in a minute but just a curiosity
16:52with with the with the group with the
16:55hospital’s I know that it’s failed arm
16:59but what was actually going to be
17:01helping like with with like sepsis and
17:03and and staph infections and trying
17:06because we see today and hospitals where
17:08there’s this big push to try to you know
17:11decrease you know the el rey you know
17:15and and the communication between
17:17doctors and nurses and patients and to
17:19try to sort of reduce that so have you
17:22put that idea somehow on the back burner
17:24or is there some impetus of wanting you
17:27to sort of maybe you know get that back
17:30together and and sort of move forward
17:32with that idea
17:33yeah you know III
17:35we would love to do that and I i think
17:38that you know given again the days in
17:42the week in the numbers of hours in the
17:43day I don’t think that’s something that
17:46I’m looking at immediately but i can
17:48tell you that that that problem as you
17:49mentioned in the very beginning there is
17:52there still exists when we did our
17:56research and I don’t have those numbers
17:58here in front of me but I there were I
18:01believe 50,000 individuals who were
18:03ultimately killed you know and that’s
18:06hard to say that that really is the
18:08result they were they were there their
18:12death was caused by the hospital and it
18:14wasn’t mrs a or emergent affection that
18:17was the big area that we were looking at
18:20making an impact there so an individual
18:23would enter off contracting Mercia and
18:27and they would die and the hospital had
18:30to incur the cost of course but
18:31according to even further
18:32there-there there-there not good serving
18:34the the public killing people
18:37so those costs were incurred they
18:39couldn’t get reimbursement hospital
18:42still cannot be reimbursed for those
18:43costs through Medicaid or the government
18:47so they were incurring that cost so
18:49again solving that problem that still
18:51exists there are still people being
18:53there are there still contracting these
18:56diseases and hospitals is a big problem
18:58and is something that is clearly a
19:02passion of mine again given that my
19:05child was infected by an infection
19:08many many years ago well I’ll tell you
19:10what stay tuned trusted friends out
19:12there on the listen to podcast because
19:13one of the things that Damien didn’t
19:16know is there’s a little bit of a
19:18connection here and and I i plan on sort
19:20of raising this popik on a future
19:23podcast one of the things that I really
19:25don’t talk all that much about and had
19:27affected me many many years ago and
19:29continues to is that unfortunately my
19:31father actually passed away from an
19:33overwhelming sense of staph infection
19:35from a hospital so you know there’s that
19:38connection here and and I I really
19:40didn’t know you know that you had a
19:42child at 18 months
19:44whoo-hoo had also gone through you know
19:47a staph infection i hope she’s doing
19:48well today but there’s a lot of good
19:51that this technology can do in saving
19:55lives so you know certainly you know
19:57what will continue to stay in touch with
20:00you regarding that tell us about the
20:03mission and the vision for the
20:06directional program at the at your
20:08entrepreneurial close school here
20:10because I think everybody in the
20:12audience is really going to be very
20:14excited to find out what your doing not
20:17only here in the Philadelphia area but
20:19in the tri-state area as well
20:21yeah thanks Mitch in the mission of the
20:25clothes school is to start something is
20:28to allow the student to start something
20:35in their lives or start something in
20:39their professional lives personal or
20:41professional lives you know look we all
20:43know that this market economy is
20:46changing the ubers the lift Airbnb ease
20:50of the world are is providing it is
20:53changing essentially the the
20:56relationship between the employer and
21:00the employee it’s it’s providing an
21:02opportunity for individuals to be
21:05self-sufficient and to control their
21:09their work lives of the professional
21:12life and so we know this economy is
21:14changing universities as a whole are
21:20failing to prepare students or either
21:26under employment or a different type of
21:29employment we all know individuals
21:32friends who work at a job and who also
21:36have a side business be it an accountant
21:39he is doing taxes bit developing a a
21:44fabric for hospitals that’s going to
21:46help prevent infections so we believe
21:49that this is really the future of
21:52education is providing students with the
21:55mindset of entrepreneurs
21:57because it is a myself it’s open to a
22:00way of looking at things as well as the
22:02process of entrepreneurship so we have
22:05that be a BS bachelors in
22:10entrepreneurship in the course work is
22:12really all centered around those two
22:14things I just mentioned the mindset of
22:16entrepreneurship and the process of
22:18entrepreneurship our vision is to
22:20provide entrepreneurial education all
22:24students attraction university not just
22:26our students but the entire university
22:28be being an independence will provide an
22:33incredible opportunity for the
22:35engineering student for the product
22:39design students for the nursing student
22:40for the the law student all those
22:44students all those individuals in all
22:47those industries there’s innovation that
22:49needs to happen controversial and so
22:52being independent not being a business
22:54school if you will allow this to engage
22:57all those different disciplines into the
23:00classroom and so that’s what kind of
23:03takes me into this next question and
23:05that is you know what are the
23:06reoccurring themes that you experience
23:09in the program with your students that
23:12you can really summarize for the benefit
23:14of you know the spot during startup and
23:17the growth based businesses that are out
23:20there that are listening to the podcast
23:21that you know once you sort of get
23:24involved yeah you are there so many you
23:28know the early stage companies their
23:32concern is validating their idea finding
23:35the problems that they identified in the
23:39market the market place and then solving
23:41that problem i think that if that takes
23:44time that takes effort that takes
23:46strategy that takes thinking and what I
23:51see what we see that the co school is
23:53the the the that the concern for for
24:00that started a company to to validate
24:03that that very early idea is that can be
24:07a struggle
24:08and so it’s not about finding you know
24:11the funding sources are going to DC from
24:13the very very beginning it’s truly
24:15validating that and so what we see what
24:18we have seen is that those individuals
24:22iterating on changing their ideas from
24:26their initial velocity or mission or
24:29whatever it is to what the customers are
24:32saying into what that validation usually
24:34occurring in that marketplace as we see
24:37those companies progress what we see is
24:41the company really struggling to find
24:44their identity and so in that space it
24:49relates to fighting team members finding
24:53employees finding that that that keeping
24:59those employees is very important so
25:01really identifying their culture their
25:04company culture and clearly know that
25:07that allows those individuals to grow
25:09into a bigger companies and in fact we
25:13know that DC’s are looking when they’re
25:15looking to fund start up there looking
25:18at what that what that culture is what
25:21the leadership brings to the group and
25:23who those individuals are that are
25:25leading the organization so that’s what
25:29we do in the classroom that’s what we do
25:30in our incubator we do have an incubator
25:32that provided these for these students
25:34not only students but alumni we have
25:36many alumni companies that are there and
25:38you can see those adolescent companies
25:40struggling with that with that if you
25:42will an HR strategy or that that next
25:46level and what’s going to bring them to
25:47the next level
25:48yeah so what they actually think are
25:51some of the most common mistakes that
25:53the entrepreneurs are making that are
25:55actually delaying them are preventing
25:57them to sort of get to that next level
25:59or that success that they’re actually
26:02looking for
26:03yes that really really pointing what is
26:07the problem that they’re trying to solve
26:10you know III entrepreneurs in general
26:14and I think you can you can probably
26:15relate to this and the must be very
26:17audiences who are entrepreneurs and wait
26:19for this as well
26:21entrepreneurs believe they have the
26:23answer to everything and and so letting
26:26that letting that go saying to yourself
26:28you know what I’m gonna take this
26:29wherever the the market launch to take
26:34this and and saying you know okay I what
26:40is where do I go with this one of the
26:43the the the big things I’ve seen in the
26:46three years I’ve been here with working
26:48startups is what what did they do with
26:51the information that they’ve got that
26:54information is contradictory other
26:56information has gotten where they do
26:58with that information and the answer is
27:01simply continue to validate continue to
27:03look for those those those those that
27:08data that will guide guide you to what
27:10you’re doing if there’s not a problem
27:13that they’re trying to solve the chances
27:15of it being a successful launch is
27:17probably going to be pretty minimal
27:19now i know that you you mentioned you
27:23know having that proper mindset I know
27:25you’ve just mentioned it and and you
27:27probably know already talked a little
27:29bit about some of the challenges with
27:31you know finding that problem and coming
27:33up with the solutions but maybe maybe
27:35diving a little deeper into that can
27:38give us some of the essential
27:40understandings and entrepreneurs
27:42actually need to have to sort of get to
27:44that proper mindset to kind of deal with
27:47the daily challenges that they’re going
27:49to face are you know I think I think
27:52that would be very beneficial you know
27:54for the audience and for the for the
27:56struggling entrepreneur out there or
27:59someone who’s kind of like working for
28:01someone else who actually wants to start
28:03this thing up on the side
28:05how do you sort of build that proper
28:07mindset to kind of deal with those
28:09challenges that they might fit yeah you
28:11know that’s a great question and I think
28:14that I think it’s all on its underlying
28:17I think it’s there i think it’s just
28:19it’s the ability to recognize what
28:25they’re doing and what you’re doing is
28:28relates to starting something I mean
28:33we’ve all satin
28:34and in if it be you know if it’s 18
28:39meeting in your classroom or if it’s an
28:41actual meeting in the business and have
28:44said to ourselves what am I doing here
28:46what is this about
28:49why am I here we are not moving to the
28:52next level we all understood a problem
28:56either within the product service or
29:01with a business model and I think it’s
29:03just the ability to say enough is enough
29:07this is not working needs to change and
29:10I we’ve all said that as long as it’s
29:12just a matter of doing it matter of
29:14saying to yourself I’m going to change
29:16myself i’m going to change how I think
29:20about this and I’m going to move this
29:22thing forward and it causes people to be
29:25uncomfortable that’s that’s really you
29:28know perhaps you have something that’s
29:30at the core of disruption is this
29:33uncomfortable as i mentioned it can be a
29:36lonely place in the workplace
29:37it can be a lonely place within the team
29:39setting but we helped me know if we’ve
29:43all felt that we all understood it’s a
29:44matter of taking action
29:46I’ll tell you what more value bombs
29:49there you know in terms of you know the
29:51the right mindset and how to look at
29:53things and i know that you know earlier
29:57we talked about you know some of the
29:58failures in in the business and I know
30:01that you touched upon the partnerships
30:03and and and and what happened in those
30:05and I know that that’s a critical area
30:08you know in terms of building the right
30:10relationships you know how do you how do
30:12you sort of do that how do you bring in
30:14the right people how to delegate and
30:16that’s also an issue arm and and and
30:19sort of taking it to the next level we
30:21talk about some of your own personal
30:23failures and some of your own endeavors
30:25are but but do you have any stories
30:27around the school setting arm and and
30:31and what happened in that regard in
30:35terms of failures drafting well yeah I
30:37mean in terms of what you might have
30:39learned from it because you know in some
30:41respects you know we could actually look
30:43at the entrepreneur program here as
30:45actually being so
30:46startup I mean being the first and kind
30:49of out of the gate it’s kind of
30:50interesting that you know in and of
30:53itself you know the the clothes
30:55entrepreneurial program here is really
30:58kind of like it’s in its own infancy and
31:01so you know its own entity I mean yes
31:04it’s a school and and yes you know
31:06you’re educating and training but but in
31:09a lot of ways in an exciting way you
31:11know your kind of your own startup
31:14within your own startups you’re
31:17absolutely right and we actually state
31:19that when we continue to talk to the
31:23funding opportunities will be state that
31:26we recruit students and that’s this we
31:30are a start-up we are treating this as a
31:35start-up we are a loud to function as a
31:38start-up within this corporate call
31:41drexel university so absolutely we think
31:46and we act like a start-up and so you
31:51asked a failure and this is really not a
31:53failure but with any startup
31:55particularly the one that’s been
31:57validated and has some traction and the
32:00growth potential is really great
32:05we struggle with taking on too much and
32:08that can happen with any startup when
32:09they’ve gone and they believe that you
32:12do everything in fact you just can’t so
32:15we have begun the process of looking at
32:21our priorities and how they align with
32:24what we are doing because if he can be
32:28decided to take on everything then we
32:30dilute there is you know there’s just so
32:33many hours in the day they continue to
32:35say so it’s the HP HP it’s the balance
32:39between putting the gas down all the way
32:42down and then let me gasp off a little
32:44bit and so we’re in that process right
32:46now where we’ve been and continue to see
32:51opportunities and partnerships
32:52internally and externally just talking
32:55to a group wanting to do some
32:58entrepreneurial programming in sri lanka
33:01in we hv a great opportunity it’s a
33:06wonderful opportunity but how does that
33:09align and where does that align with our
33:11strategic priority so we we talked a lot
33:14about failures because we want our
33:16audience members are startups are
33:18entrepreneurs are our students to
33:21basically learn from them so that they
33:23don’t have to go through them themselves
33:25and they can sort of gain wisdom from
33:28that and sort of you know you know not
33:31have to you know go through the same
33:32type of struggles and and be a little
33:35bit further along in the journey with
33:38their own business so that kind of turns
33:40me to like your success whether it be
33:42personally or professionally here at the
33:45school maybe maybe talk a little bit
33:47about that like what’s working what’s
33:49doing well and and maybe you know impart
33:52some of that wisdom on Hoss to basically
33:55learn from these successes so that we
33:58can you know start to implement them
34:00because i think one of the things that
34:01you said is you know in action you you
34:04need to you need to take action you need
34:06to execute on your ideas you need to
34:08continue to move so maybe maybe talking
34:11to us a little bit about that success
34:13gives us the other side of that coin so
34:16to speak
34:17yeah you know I think that that the
34:20underlying success with anything with
34:22any concern with any business with any
34:24with any group are the members of that
34:27group the team that you’re associated
34:29with the individuals at the core these
34:33folks need to have integrity and i’m
34:36associate lucky to be working with a
34:39group of individuals who not only care
34:43about the students and what we’re doing
34:46but when they care about each other and
34:49we all have different interests there’s
34:53no doubt about that and there’s that’s
34:55that’s very healthy that diversity but
34:58at the core there is with that with us
35:01at the coastal there is there is
35:03meaningful relationships that we
35:07continue to cultivate we are not just
35:11we understand that what we’re doing is
35:14impacting the lives of many individuals
35:17inside of stretching university so that
35:20happened I think division of into
35:24Carroll’s I think she saw that i didn’t
35:28know these individuals of course prior
35:29to working with with with all of them
35:33but she saw and continue to see the and
35:39continues to really go to cultivate this
35:42culture of inclusiveness this culture of
35:45let’s get the work done and you know
35:50that that is at the core i think of any
35:52success so you know it’s we talked about
35:55how important it is to take care of your
36:01yourself and your family
36:03it’s at its a written part of our
36:06mission that the our families are
36:09incredibly important and it’s the reason
36:10why we are here and therefore we need to
36:14maintain our family as much as we
36:17maintain this this this this school and
36:21that really says something when you have
36:23that written down as a part of your
36:25mission your vision and so the team is
36:30where the success of success lies and
36:33i’m super lucky to have that no no
36:36that’s really awesome and one of the
36:38other reasons why i was so excited to
36:40have you on is because you know this
36:42podcast is all about not only just
36:44business but the two other aspects and I
36:47heard you just mentioned it which is
36:49family and life everyday living and
36:52actually you know that the title in your
36:55program is entrepreneurship
36:57living-learning community and and
37:00talking about how all the students are
37:02together and that there’s a community
37:04and that there’s a friendship and that
37:06there’s this energy this energy
37:08everybody comes into it with their own
37:10business in mind but yet it seems as if
37:13it’s like a very close-knit
37:15group that really truly kind of also
37:18helps one another
37:19yeah and that’s the that’s the vision
37:21from this program called the
37:23Entrepreneurship living-learning
37:24community is to bring like-minded
37:26individuals with diverse backgrounds
37:30together to experience entrepreneurship
37:34not chested Trachsel but in Philadelphia
37:37be on a trip out to Silicon Valley to
37:42talk to startup companies and to talk to
37:44the to the big startups of course the
37:46big companies like Google and Apple we
37:49have alumni from Drexel University
37:52leading an executive positions at Google
37:55and Apple and any day but we also want
37:58to bring our students to the ground
38:00level right that is those companies that
38:02are experiencing that started right now
38:03in the very early stages of the
38:05adolescent stage to build this mindset
38:09and to understand the process of
38:11yes it’s close-knit as you mentioned in
38:15the understanding of the differences and
38:20the Machine this that we all have
38:22permission I’ll tell you what you know
38:26you talk about resources and you talk
38:28about your community there at drexel and
38:31reaching out to other departments within
38:33the university which you know obviously
38:35having a young law school there with law
38:38students who can obviously help out the
38:40entrepreneurs and that kind of gets me
38:42into like all the various solutions that
38:46you’re providing to the students for
38:48their help and you’re you’re adding all
38:50of this extra value that you’re you’re
38:52providing to them we talk about the
38:55premium you know resources that we
38:57provide our audience members you know
38:59like you know you know free you know a
39:02business planning you know LLC’s and you
39:05know what type of entity to start off
39:07with S corporations and obviously they
39:10need accounting work and we we provide a
39:12lot of those premium resources for free
39:15so you know in terms of collaboration it
39:17sounds like you you know where of
39:19similar mind what what are those
39:21resources that you’re providing to the
39:23and I think you know just the audience
39:26members out there hearing what you’re
39:27talking about
39:29it’s nice to know that they have these
39:30other resources available to them with
39:34people who actually truly do care
39:35because you know this is a very crowded
39:37space and so not only do we want to find
39:40people who are good and experts at what
39:42they know but people that we can trust
39:45that we can count on that we can feel
39:46comfortable with so maybe talk to us a
39:49little bit about some of those those
39:50resources that not only are you
39:52providing students but really the outer
39:54community of where you’re located and
39:56that kind of really goes to the location
39:58of where you are and I’m from
40:01Philadelphia so I’m just very familiar
40:03with the neighborhood and I know it’s
40:04growing and you’re building it up but
40:07maybe you can just talk to us about
40:09those as well
40:10absolutely so we’re in the process of
40:13building a program a boot camp he will
40:18for for entrepreneurs for the for the
40:21general public and what we’re going to
40:24infuse in there are our pillars that I
40:27continued to talk about and we’re going
40:30to we’re going to provide resources and
40:34understanding a better understanding of
40:36this mindset of entrepreneurship and and
40:39really dive into the leadership
40:42implications of the organization
40:45implications the structure if you will
40:48of oneself as well as the business and
40:52of course then the process and we’re
40:53going to provide you know a process of
40:58entrepreneurship how to get your idea
41:00from point A to point B and exit as well
41:05so we’re in the process of developing
41:07that we’re looking at getting that
41:09launched probably this time next year
41:12it’s going to be mixed with the the
41:16individuals that we hope to get accepted
41:20to the program will probably be
41:22mid-level individuals looking at a
41:24change in their career so we’re with
41:26that in mind we’re going to be flexible
41:28in the offerings of that you can look
41:32forward to that on our website coming up
41:33in the next in the next six months or so
41:36well I’ll tell you what we’re gonna
41:37we’re gonna provide links to all of that
41:40because those are the types of premium
41:42resources that not only the audience
41:45really enjoys because you know we like
41:47educating ourselves and empowering
41:49ourselves and and getting the proper
41:51training but knowing that there’s a
41:53resource like Drexel University and the
41:56entrepreneur program i think is just key
41:59and and we’re very excited about that
42:01and so we thank you for for that as well
42:05thank you thank you though it sounds as
42:07if you know just just wrapping up some
42:09of the resources here
42:11I mean it sounds like you’re helping
42:12people developing their ideas and it
42:14sounds like there’s collaboration going
42:15on and it sounds it almost sounds like
42:18score where you know which is which is
42:20basically a group of retired
42:22professionals where you know you’re
42:24helping your students with with that
42:26expert type of advice or they’re
42:29launching our startup how to build that
42:31team because obviously you know your you
42:33have a passion for HR and so how do you
42:35how do you build the team how do you
42:37bring people in or instead of bringing
42:38people in how do you delegate to others
42:40are you know what they need to raise
42:43money it sounds as if you know you you
42:45have a very rich surrounding tri-state
42:49area of of you know alternatives to to
42:53funding resources and it sounds like
42:56also mentorship as well absolutely all
42:58those things are part of this program
43:02will offer as well
43:05mentorship and then hopefully being
43:07ready to erase some money and then of
43:09course looking at the organization but
43:11we also offer that to our students yes
43:13football an amazon company sponsors are
43:16fastpitch my book club recommendations
43:19that get Mitchell Chad / audible
43:22to see more of my recommendation and
43:24recommendation of our guests just go to
43:26Mitchell Chad / audible it’s
43:29your number one resource for book
43:31reviews and recommendations that mean in
43:34this last round we call it what’s on
43:36your mind so these are some very quick
43:38questions that we ask you keep it real
43:41light whatever comes to your mind the
43:42first answer and and and
43:45and I know that it will provide some
43:47really good insight to the audience the
43:51best business advice that you’ve ever
43:53Wow business license I ever received
43:57don’t take things personally was
44:00probably the big one and and and then
44:03also to be a leader you have to have
44:08this callous and the advice I received
44:11was the calluses maintain the callous
44:13you have to continue to put yourself out
44:17there so calluses can go Soph that the
44:21keep yourself out there is a leader keep
44:24yourself pushing the group forward and
44:27maintaining that callous pushing
44:29yourself forward and pushing yourself
44:31really out of your comfort zone if I’m
44:34hearing you properly and so that’s
44:36that’s really key as an entrepreneur our
44:39best business book i am looking forward
44:43I haven’t brought i just picked it up
44:45and I haven’t started reading it yet but
44:47I’m looking for jury the third case the
44:51Drexel University of cases the founder
44:53of AOL I do i do know that he was on
44:56campus a little while back and we were
44:58talking with that he wanted to find out
45:00what we were doing but he was here is a
45:02part of a program that he was that he
45:06was pitching and I cases a visionary and
45:09I’m looking forward to this book it’s on
45:12the I think it’s all the new york times
45:14bestseller i believe it is looking for
45:17you know interestingly enough i’m an
45:19avid book reader and I actually also
45:21listen to books quite a bit too so you
45:23know actually people can go to Mitchell
45:25chatter dot-com / audible and they can
45:27they can actually download it for free
45:29because you get a 30 30 days free trial
45:32what’s one of your favorite quotes or
45:34one of your favorite things or mantras
45:36that that you use for that you kind of
45:40always gone back to as i mentioned and
45:43you know it needs that you have this
45:45thing called a group and you know what
45:47groups because you like music you start
45:51moving or you have this feeling of
45:53happiness you know the band when they’re
45:56playing they’re grouping
45:58there’s a feeling we all get and so with
46:01the groove that you can define degrees
46:04if you will as musicians find a rhythm
46:06right they find a patient a song and a
46:10group happens when the rhythm
46:12ever-so-slightly that’s where the groove
46:15occurs and so my mantra in life is find
46:19the rhythm and then change very very
46:22great what we’re actually going to have
46:23you know all the quotes back at the back
46:26at the site and and that was that was
46:28really insightful letting us know a
46:30little bit more about you than an app
46:33that actually helps you where the
46:35students solve issues or problems in
46:38everyday life app that helps us solve
46:43problems you know there’s a nap that was
46:46just pitch to me about getting students
46:49syllabus and putting it into a calendar
46:53form so that they know what the
46:55deliverables due and for the life not
46:58remember the name of the app right now
47:00but that seemed like a pretty
47:02interesting solution and pretty
47:05no actually very much needed professors
47:07would be very happy to know that the
47:09students know when a paper is due in the
47:12students and just get the app that is
47:15get the syllabus take a picture of it
47:17and then populate their calendars of
47:19that so that sounds pretty promising as
47:21far as the name of it though that that
47:23kind of escaped you but it’s interesting
47:24because one of our last high-caste my
47:26temple men had mentioned Google Calendar
47:29were actually reducing his anxiety and
47:31stress and actually starting literally
47:34yesterday i started using google
47:36calendar Tom and allowing other people
47:39to have access to to view it and or make
47:41changes if necessary so anyway just to
47:44something that I wanted to throw out
47:45there to the students before we ask this
47:48last what’s on your mind question you
47:51know a party piece of wisdom and then
47:53you know how people are going to be able
47:55to obviously stay in communication with
47:57you personally and also professionally
47:59until we until we say so we speak next
48:03time so your party piece of wisdom
48:05Damien you know families incredibly
48:10you know you’re talking about success my
48:13family is my greatest success i enjoy
48:15hanging with my girls and my wife and my
48:18dog and without a really poor sense of
48:23self and family nothing else is
48:28achievable so really just really being
48:33very very true to yourself
48:34our wrap-up round is sponsored by snap
48:37for all your graphic design needs head
48:40on over to Mitchell Chad / napa
48:44that’s sna PPA how can people actually
48:47discover more about directional more
48:49about you how can we all keep in contact
48:52and will certainly make sure back at the
48:54blog to have all of those links
48:57available to them great
48:58yes thanks Mitch and the best way of
49:01finding us as on our website so that’s backslash close all of our
49:08information is on there my bios on there
49:11as well my contact information is on
49:12there and welcome people to reach out
49:17well tell you what we’ve been talking
49:18today with jamie and salads
49:20who’s the assistant dean over at the
49:23drexel university closed school for
49:26entrepreneurship we are just so thankful
49:29that you were able to come onto our
49:31podcast today there are so much value in
49:34what you talked about and we just want
49:36to thank you very much and of course
49:38until we we speak to you again thanks
49:41hey you take care thanks again and we
49:44look forward to speaking with you real
49:46soon take care of today show sponsored
49:48by mitchell chatter dot-com head on over
49:51to Mitchell chatter dot-com and
49:53subscribe to our newsletter today also
49:55sponsored by audible start your free
49:5830-day trial and get one free audiobook
50:02go to Mitchell chatter dot-com / audible
50:04including let me ask for my listeners
50:08help first please subscribe to my email
50:10list at Mitchell Chad / sign up
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