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Mentoring Critical to Success in Business

Frank F. Islam

Frank F. Islam

By Frank F. Islam,

Mentoring can be critical to success in business.  I say that because I was mentored at two pivotal points in my life.

My first mentor was Wolfgang Thron a college professor of mathematics from the University of Colorado. Dr. Thron told me that I had great potential and encouraged me to leave India and to go to school at the University of Colorado so that I could pursue expanded opportunities and get a cutting edge education in the emerging field of computer science.

I trusted Dr. Thron’s advice. So, even though it was scary, at the age of 16, I decided to leave my family and friends in India with just thirty five dollars in my pocket.

Time does not permit great detail on my college years.  Suffice it to say that I loved Boulder and I got my bachelor’s and master’s degrees in computer science to pursue my life-long dream of owning my own business.

I did not come from a family that owned a business. I had no personal experience or role model in business.

Therefore, I decided to do my apprenticeship and to learn the ropes by going to work for large IT companies.  During that period, I had the good fortune to meet my second mentor, Dick Bishop.

He was my mentor in business.  He taught me the ins and outs of managing information technology contracts with the government and inspired my entrepreneurship.  Dick helped me develop the knowledge, skills and abilities required to succeed in business.

Based upon his mentorship, I felt ready to go out on my own and I acquired a company in 1994 for $45,000.   With the help of a wonderful management team that I recruited over time, we built that business from 1 employee – me – to more than 3,000 employees with annual revenue of more than $300 million dollars. The team of talented managers were central to everything. Success in business is team sport. So, when people asked me how I became successful, it was not me but we who made it happen.

In 2007, after 13 years, I sold the company to Perot Systems.  That sale allowed me to move on to the next stage of my career to philanthropy and civic engagement. In many ways, the process of sharing and giving back is much more rewarding than any of the money that I have earned throughout my business career.

In summary, mentoring has meant much to me.  I would not be what or who I am without the mentoring that I have received on business and other fronts.

I recognize what a difference mentoring can make for the mentee and for the mentor.  That is why I was thrilled when naisA Global informed me they were giving me this award.

I was even more thrilled when I did the research and saw the good work naisA has done.  Seeing that it has 480 current mentors and over 2,400 active protégées is a testimony to what it has already accomplished and the platform that it has built for future success.

Given my own background and personal experience, I would like to throw one idea into the pot for naisA’s consideration.  That is that it develops a mentoring program for Asian Americans who want to be entrepreneurs and start-up or build their own businesses.

There have been numerous studies over the past several years that show that the rate of business start-ups by Asian Americans has grown substantially.  This growth has been especially strong in the engineering and technology fields.  I am confident that if naisA developed a mentoring program focusing on would-be entrepreneurs it would drive that growth much higher.

In closing, let me tell you about another mentor of mine. That is President John F. Kennedy.

I never met President Kennedy personally.  But, I grew up with him. He was a source of inspiration for me in my youth.

He has grown to be even more of an inspiration to me as I have learned more about him by serving on the board of trustees of the Kennedy Center for the Performing Arts and the advisory board of the JFK Library

In 1958, before he became President, John F. Kennedy wrote a book titled A Nation of Immigrants.  In that book, JFK observed

The abundant resources of this land provided the foundations for a great nation.  But only people could make the opportunity a reality.  Immigrations provided the human resources. More than that, it infused the nation with a commitment to far horizons and new frontiers, and thereby kept the pioneer spirit of American life, the spirit of equality and of hope always alive and well

What makes America great is that we are a nation of immigrants.

President Kennedy also famously said in his inaugural address, “Ask not what your country can do for you. Ask what you can do for your country.”

As we approach 2018,  one of the key things that  we can do to ensure that Asian Americans are fully prepared to answer that call to and to be leaders  in moving the United States and its citizens to those “far horizons and new frontiers” is to support naisA Global and its programs.

This is an abridged form of the speech that Indian-American entrepreneur, philanthropist and civic leader Frank F. Islam delivered while receiving naisA Global Award 2017.

 

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