Entrepreneur Chris Burch Explains The Thought Process Behind A Successful Business

The Founder and Chief Executive of Burch Creative Capital, Chris Burch, has advice for those who want to build a successful business. His number one bit of advice is to ask good questions. He says you learn about people and the problems they need solutions to by asking questions and listening to the answers which often leads to even more questions. The whole point of a business is providing solutions to problems people have and it’s only by actually listening to people that you will figure out what they need.

Another key thing to do when looking to create a thriving business is to be willing to take risks. Taking risk is unavoidable, as Burch says, because it’s necessary in order to create a truly groundbreaking product or service. He says that he’s experienced his share of failures over the course of his career and when they inevitably happen he just keeps moving on creating and investing in the next idea.   Read this interesting interview with Burch.

Another tip he shares that you won’t hear in a business school is to be humble and curious. Rather than going down the street lost in your own mental fog, instead start actually paying attention to other people. One of the lost arts nowadays in sea of screens is that most people have become far too internal looking. He suggests engaging externally with others to not only succeed in business but also in life.  Interesting news here on huffingtonpost.com

Chris Burch has been an entrepreneur for over 40 years. He established his first business while he was still an undergraduate at Ithaca University. He is the creative mind behind a number of clothing brands that he has developed over the years. He has also established a presence in the hospitality industry by developing hotels including Nihiwatu on the island of Sumba, Indonesia as well as others in the Carribean and South America.  More of this on businessinsider.com.

As a philanthropist, Chris Burch has donated large sums of money to a number of causes including the Child Welfare League of China and Mt. Sinai Hospital. He has also served on a number of nonprofit boards including that of the Rothman Institute Orthopedic Foundation.

Additional reading  on https://www.wsj.com/articles/tory-burch-co-founder-buys-miami-beach-tear-down-1489588776

Chris Burch’s Nihiwatu Is Voted As World’s Best Hotel

Chris Burch’s Nihiwatu is 2016’s best hotel in the world. Before naming the resort as the best hotel, Travel + Leisure had conducted a market survey and undertaken a comprehensive research. Together with James McBride, Chris bought the hotel in 2012. They spent three years renovating it. The fashion mogul and his business partner spent over $30 million in the process. The renovation process played a leading role in transforming the hotel into a luxury resort.

Chris Burch is known for founding and co-founding several companies and brands, including Tory Burch and C. Wonder. The investor has also invested in many tech companies. Owing to his success in various industries, Chris deemed it fit to invest in the hospitality industry.

During a 2015-interview with the Business Jet Travelers, Burch said that he bought the business for his children. He added that the purchase was aimed at ensuring that he preserves the area as a way of giving back to the community. The entrepreneur praised the beauty of the area. He noted that world-class facilities like a spa under a waterfall makes the hotel one of the most visited places in the world.

The purchase of Nihiwatu means that the businessman now splits his time between Miami, the Hamptons, and the resort. While at the Indonesia-based property, he spends his time at his private home. The home, Raja Mendaka, is made up of the main house and four villas. Nihiwatu has 27 private villas. Each of the villas has its plunge pool. Raja Mendaka is also available to guests when the entrepreneur is not at the property.

Nihiwatu is located on the West Coast of Sumba, a remote island in Indonesia. The name of the hotel means ‘The Edge of Wilderness.’ Today, the resort ranks as the largest employer of locals on the island. Burch allocates a portion of the Hotel’s profits to various charity organization in the region, including The Sumba Foundation. The group engages in various projects aimed at helping the local community.

About Chris Burch

Chris Burch is an entrepreneur, and a philanthropist, check this on burchcreativecapital.com. The fashion mogul has created a name for himself by investing in various companies. He is particularly interested in fashion and technology companies.  Additional reading on bloomberg.com.

Burch’s entrepreneurship career began in 1976 after his graduation from Ithaca College. His first investment was $2000, which he invested in Eagle’s Eye apparel. Under his leadership, the company grew to have a large asset base before selling it to Swire Group. Burch has also invested in the Internet Capital Group, Brad’s Raw Foods, Blink Health, and BaubleBar.

Click http://fashionista.com/tag/chris-burch for some interesting news.