Meet Dave Galbenski, EO Detroit Member and Founder & EVP Strategic Initiatives at Lumen Legal. He’s this month’s member spotlight and he’s filled with insight. Get to know Dave, his company, and his experience with EO and entrepreneurship!
What would you say are the top three skills needed to be a successful entrepreneur?
- Active listening
- Continuous learning
- The capacity and capability to lead
How do you generate new ideas?
I am an avid runner and my best ideas come while I am running through the neighborhood. It “clears my mind” and allows innovative solutions and new ideas to emerge from the “noise” of my daily life.
Name one business failure and what have you learned from it?
I aggressively invested significant resources to build a “national” permanent placement division for Lumen Legal right before the onset of The Great Recession. As The Great Recession dramatically curtailed permanent placements of lawyers, we suffered significant losses and had to quickly pivot away from the strategy. I learned that the key to long-term, business survival is to quickly scramble out of mistakes.
What is your greatest business fear, and how do you manage it?
I believe FEAR really stands for False Evidence Appearing Real. If I focus on it as an acronym, fear never has to exist for me in business (or life) and I have no need to work on “managing” it.
How do you define success?
I love John Wooden’s definition the best, “Success is peace of mind which is a direct result of self satisfaction in knowing you did your best to become the best that you are capable of becoming.”
What has been your most satisfying moment in business?
My most satisfying moment occurs each and every day when I think about the ability that I have as an entrepreneur to positively impact the lives of my employees and their families by striving to provide a company environment that allows them (and me) to get closer to realizing our unlimited potential.
What is one thing that no one knows about you?
That’s a tough one as I am open and transparent and have been in a variety of EO Forums for the last 15 years and have answered this question many times before! So, I will answer it with a fun fact about a “bucket list” item that I completed with my wife, Lynn, and our daughter Sarah. Over a 3-year period, we visited all 30 major league baseball stadiums to fulfill a lifelong dream of mine. My vote for the best stadium (outside of Detroit) is: PNC Park in Pittsburgh.
Excluding yours, what company or business do you admire the most?
I love disruptive and innovative business models and companies. The one I currently admire the most is Amazon. How can you beat the 1-click, 2-day delivery to your home business model for virtually any item you want? What’s next . . . drones?
What is your favorite EO memory?
I have been an EO member since 1999, so I have lots of incredible memories generated from being with other EO members in unique venues around the globe. My favorite memory from one of the 20+ EO Global Universities I have attended over the years occurred in 2007 at EO Berlin University. The Saturday evening event involved parading into the stadium where the 1936 Olympics were held with your fellow EO members from your country with your national anthem playing while waving your flag of your country. The memory of it still sends chills up and down my spine. If you are looking to elevate your EO memories to the next level, check out an EO Global University!
What is your favorite thing or place in Detroit?
I enjoy spending time at the Detroit Athletic Club. Great people. Great food. Great memories. I can always feel the heartbeat of the city from this venue given its location in the entertainment district. As a huge baseball fan, it never hurts to be close to Comerica Park!
In one word, characterize your life as an entrepreneur.