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