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Managing the New Generation by Carolin Rekar Munro

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Falling stars – learning how to fall with grace and grit

Recently, I had lunch with a former student of mine who, over the course of 7 years, launched five businesses—one failure after another until finally, his current business has some teeth and is starting to show a profit. He declared bankruptcy, hooked up with the wrong business partners, invested in ventures that weren't lucrative, and chased entrepreneurial dreams that had no market relevance. As he recounted his harrowing tale, I was in absolute awe of his resilience, determination, and ability to maintain his sense of humor.

In those 7 years, he learned the most salient of life's lessons—how to fall with grace and grit. This is an integral lesson not only for Gen Y, but for all of us. ...

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