Chris Burch is a prominent entrepreneur who has been in the investment industry for close to four decades. His investment portfolio covers a broad range of industries including hospitality, financial and apparel. Five years ago, the entrepreneur purchased an underutilized property in Sumba island, Indonesia, and renovated it to a luxury resort known as Nihiwatu. In 2016, this restaurant was ranked #1 Hotel across the globe by Travel+Leisure. Burch has also helped to establish other key brands like Tory Burch, Voss Water, Jawbone and Poppin.
Burch’s Entrepreneurial Skills
Burch became interested in the hospitality sector after partnering with a seasoned hotelier Alan Faena and engineer Philippe Stark, and they redeveloped unused piece of land to what is today known as Faena Hotel + Universe. In mid 2014, Chris Burch partnered with Ellen DeGeneres and they founded ED by Ellen Degeneres, a lifestyle platform. Towards the end of 2014, the entrepreneur launched Cocoon9, an affordable residential property with energy and space saving features, and also state-of-the-art finishes. Burch has also invested in hospitality sourcing enterprise Bur+Mah, ladies apparel brand TRADEMARK and an office supply enterprise Poppin. Currently, Burch is involved in development of other consumer products such as Chubbies, Blink Health, BaubleBar and others.
The entrepreneur founded Burch Creative Capital, where he is the CEO. During the interview, Burch explained that the idea of creating this firm was to help other emerging entrepreneurs achieve their goals as he has done. The firm focuses on funding entrepreneurs with great ideas in order to bring extraordinary achievements to the world. Burch revealed that he is always busy either seeking ways to expand Nihiwatu resort, or traveling to either New York or Los Angeles to know how his investments are performing. Burch is able to bring ideas to reality by associating with individuals with passion to execute those ideas. More of this on businessinsider.com
Burch revealed that when he was 13 years old, his father introduced him to their construction firm so that he could learn some tips about construction and the labor involved. The ideas Burch learned from this work prepared him to persevere and also in taking risks. According to the entrepreneur, for a person to succeed in business or any other endeavor, taking risks is unavoidable. The entrepreneur claims to have experienced thousands of failures, he takes time to reflect, understand and appreciate those failures, and it has enabled him to move forward and keep on creating investment opportunities. Interesting articles on huffingtonpost.com.
Additional article on https://www.wsj.com/articles/tory-burch-co-founder-buys-miami-beach-tear-down-1489588776