Startups and Sandwiches: Failure, Fortune and Finding Your Purpose
What do a finance consulting founder, a mirror designer-manufacturer, and a biotech entrepreneur turned artist have in common? At this week’s Startups & Sandwiches, they distilled their diverse entrepreneurial journeys into a shared theme: transforming lessons into meaningful careers and life paths.
“Failure, Fortune and Finding Your Purpose” was the compelling theme of the latest Startups & Sandwiches, a seminar series sponsored by the Deming Center for Entrepreneurship. Three industry executives with different entrepreneurial backgrounds shared vulnerable stories about the highs and lows of their career journeys.
Guest speakers Carol Hansen, founder and CEO of Tatonka Ventures; Josh Mandel, president and CEO of Majestic Mirror & Frame; and Andy Sklawer, founder and former CEO of Fresh Tracks Therapeutics and current owner of a Boulder art gallery, inspired the audience with their insights and hard-won advice. Their personal stories brought a fresh perspective to timeless advice on building a fulfilling career and life.
Failing and finding yourself
Andy Sklawer willingly shared some of the tough circumstances that shaped who he is today.
As a child with undiagnosed ADHD, he explained how being given the space to heal changed how he approached failure and his capacity for success. “It was the first time in my life that I had the opportunity to focus on myself. What I realized is that it is OK to ask for help.”
Life Lessons to Take to Heart
As part of the Deming Center’s SPARK Initiative, Startups & Sandwiches brings students together with seasoned entrepreneurs and intrapreneurs, venture capitalists, connectors and technology leaders ... and they leave each seminar with more than lunch.
At the “Failure, Fortune and Finding Your Purpose” session, panelists Carol Hansen, Josh Mandel and Andy Sklawer shared personal stories to embolden the next generation of business leaders to believe in themselves and take risks. Here is some of their shared advice.
- Don’t hold yourself to an impossible standard. Even the people you look up to the most don’t have it all, so allow yourself to make sacrifices and be imperfect.
- Recognize that mentorship comes in many forms. Observe characteristics and small details in the people and the world around you to find inspiration.
- Don’t be afraid of change or failure. Embrace both and learn from them to avoid making the same mistake twice.
- Do it. You don’t know if something is going to work until you try it.
- Be grateful for where you are and acknowledge all aspects of your life that drive you. Don’t let your goals become entirely motivated by money.
- Ask for help if you need it.
- Don’t measure your success against someone else’s. Everyone’s path is different.
He also experienced a dramatic fall that plunged him into a significant life change. He descended 30 feet off a rock wall, leaving him with a shattered leg but miraculously still alive. “What I learned from that was to immediately go to gratitude, because it’s a beautiful thing that we’re all sitting here and we’re alive,” he said.
“It’s so easy to get in your head with business and school, but we are all here, and it’s important to be grateful.” The second thing is to be present, he emphasized, urging the audience to remember to “put your phone down.”
Changing the way you see success
Josh Mandel shared how his definition of success continues to evolve and has changed throughout his career and personal trajectory. After graduating from CU, his goals revolved around making money. Having children shifted his focus to to providing for and supporting his family. A self-proclaimed “girl dad,” Mandel highlighted how being there for his daughters became more important than the work trips that once consumed his time.
“Don’t judge your success by someone else’s scorecard,” he said. He reminded attendees that everyone defines success differently, and it’s OK for that definition to change over time. “The only constant is change, and you have to be open to it.”
Finding mentors everywhere
Carol Hansen's perspective was shaped by observing people whom she didn’t consider role models as much as by those whom she would want to emulate.
“What resonated with me was people along the way who I did not want to be like,” she said, referring to specific characteristics as well as to entire personalities. She summed it up: “Look for people who you don’t want to be like or ways you don’t want to behave.”
She also found that she derived meaning from her life’s work when she could see the direct impact her business was having on the community around her. “I don’t feel like I have a profound purpose,” she explained. For her, the overall goal has always been to be a good person and contribute to society.
“I found niches of purpose across each one of the businesses that we started,” she explained. Purpose doesn’t have to come in one grand package, she reassured the audience. “There’s nothing wrong if you don’t have that right away.”