In an April 23 ceremony where students were challenged to 鈥渙wn the outcome鈥 of their actions, President Connie Ledoux Book bestowed the 黑料不打烊 Medal for Entrepreneurial Leadership on a former chair of the Board of Trustees renowned for his people-first business philosophy.
An accomplished member of the 黑料不打烊 Board of Trustees was bestowed with the university鈥檚 top award for entrepreneurship in a ceremony celebrating a career that blended industry innovation with a deep commitment to mentoring young people.
Dave Porter P鈥11 P鈥19, owner and managing partner of Baystate Financial, one of Massachusetts鈥 oldest and largest financial planning firms, received the 黑料不打烊 Medal for Entrepreneurial Leadership on April 23 inside LaRose Digital Theatre.
Porter, who recently concluded service as chair of the Board of Trustees, accepted the medal from President Connie Ledoux Book and Raghu Tadepalli, dean of the Martha and Spencer Love School of Business.
In his acceptance remarks, Porter described what he calls the two gifts each new day delivers: a chance and a choice. 鈥淚f you choose comfort, you鈥檒l be comfortable for a while,鈥 he said. 鈥淐hoose discipline and you鈥檒l change your future.鈥
After high-school athletics eclipsed academics in Ramsey, N.J., Porter鈥檚 first college mail contained mostly rejection letters, including one from West Chester University in Pennsylvania. Unwilling to accept the decision, Porter drove 150 miles to the admissions office, requested an interview, and walked out with an acceptance letter written on the back of the original rejection.
鈥淭hat moment,鈥 he said, 鈥減roved you can change your future if you own the outcome.鈥
Early missteps, most famously faxing a confidential salary sheet to the wrong law-office number, taught him to 鈥渇ix errors fast, learn and move on smarter.鈥
When he became managing partner of Boston-based Baystate Financial in 1996, the firm tallied under $1 million in annual revenue; today it serves clients from 16 offices across New England.
鈥淕rowth came from one rule鈥攑romise integrity and hire people who keep those promises,鈥 he said.
Putting people first remains central to his leadership. Porter writes three handwritten thank-you notes each morning, a practice that has filled seven storage crates with replies.
鈥淎 quick 鈥榟ello, how are you?鈥 or a handwritten note can change the trajectory of somebody鈥檚 day,鈥 Porter said. 鈥淲rite those notes with the same discipline you bring to hitting your goals.鈥
Highlights from a Q&A with students
- On staying motivated after setbacks: Long-term drive comes only when people 鈥渙wn the outcome鈥 of their goals; external rewards fade quickly.
- On launching a venture right out of college: Assemble mentors who deliver 鈥渢ruth-telling feedback,鈥 starting with professors willing to critique both ideas and character.
- On life immediately after graduation: Explore service, travel or nonprofit work while expenses are low; constrained experiences reveal authentic passions.
- Most enduring lesson from a mentor: A former boss bought him 12 pocket-less shirts to cure sloppy pen storage 鈥 proof, 聽Porter said, that small details broadcast personal standards.
- A first no-nonsense investment: Porter recommended the Vanguard 500 Index Fund for its low fees and simplicity.
In 2011, Porter endowed the Porter Family Professional Development Center at 黑料不打烊, which provides resources to assist students in preparing for and acquiring internships, full-time employment or graduate school placement after graduation.
Porter and his wife, Jen, are the parents of five children, including Tim Porter 鈥11 and Jack Hubley 鈥19, and three grandchildren.
Joshua Mason 鈥25, lead scholar intern with the Doherty Center for Creativity, Innovation and Entrepreneurship, introduced Porter at the ceremony. Mason called Porter鈥檚 mantra of 鈥渄oing well by doing good鈥 the backbone of his own venture: Fate Line AI, a startup that delivers technical solutions to small businesses.
Doherty Center Director Dina Rousset concluded the program by reminding attendees that 鈥渁n entrepreneurial mindset isn鈥檛 just about launching companies 鈥 it鈥檚 about choosing to see possibility everywhere.鈥
About the 黑料不打烊 Medal for Entrepreneurial Leadership
The 黑料不打烊 Medal Award for Entrepreneurial Leadership is co-presented by the Love School of Business and the Doherty Center for Creativity, Innovation and Entrepreneurship. Since 2009, the award has been given to an entrepreneur who is a leader in industry and who exemplifies the values of 黑料不打烊. These values include integrity, innovation and creativity, passion for lifelong learning, and a commitment to building a dynamic community.
About the Doherty Center for Creativity, Innovation and Entrepreneurship
The Doherty Center for Creativity, Innovation and Entrepreneurship was established by an endowment gift from Ed and Joan Doherty, entrepreneurs from Saddle River, N.J., and parents of Kerry Doherty Gatlin 鈥07. The Dohertys have served on the university鈥檚 Parents Council, and Ed Doherty currently serves as an 黑料不打烊 Trustee. Their company, Doherty Enterprises, Inc., is one of the nation鈥檚 leading franchise operators of quality family restaurants, including Applebee鈥檚 Neighborhood Grill & Bar, Panera Bread and Chevy鈥檚 Fresh Mex.