A Surprising Turn to India

TOM SUDYK OF EC GROUP

Tom Sudyk, Chairman & Founder of EC Group, was honored as the 2nd recipient of the Operator of the Year Award. His life is an example for every presenter, founder, and entrepreneur who seeks to demonstrate the profession in Christ through their professionalism in the marketplace. Due to his faithfulness, Lion’s Den and the BAM movement exists.

IN PARTNERSHIP WITH LION’S DEN

Investors have a hard time finding and investing in high-quality companies that share the same values they do — especially Christian values. That’s why we connect companies with investors through a Christian business pitch competition where business leaders can use their wealth and experience to change the world and make an impact. Learn more at www.thelionsden.us and www.thelionsdendfw.com

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IN PARTNERSHIP WITH LION’S DEN

Investors have a hard time finding and investing in high-quality companies that share the same values they do — especially Christian values. That’s why we connect companies with investors through a Christian business pitch competition where business leaders can use their wealth and experience to change the world and make an impact. Learn more at www.thelionsden.us and www.thelionsdendfw.com

Pinkabella Cupcakes

MARGO ENGBERG OF PINKABELA CUPCAKES

IN PARTNERSHIP WITH CENTERED

Raising up the Next Generation of Jesus-Centered Leaders. Jesus is the source and model of life and leadership. Learn more at https://centered.org

Business Declares The Glory of God

WALTER CRUTCHFIELD OF REAL ESTATE DEVELOPER

Walter Crutchfield had his first conversion moment at age 18, when he accepted Christ as Lord. That year, the self-professed “serial entrepreneur” started his own auto production company, but sold it a year later to attend Bible college. “When I came to Christ, I still had the joy of business,” says the Phoenix native. “But the world around me . . . told me that if you were serious about faith, you’d get involved in ministry.” And so he did, becoming a full-time pastor. But his second conversion–to the goodness of work outside the church–unfolded over years of facing the fact that he was really good at turning profits in the world of business, specifically real estate.
In this short film, featuring This Is Our City’s first helicopter mission, Crutchfield takes us through the real-estate crisis that led him to use his remarkable business savvy to bless and beautify his community.

IN PARTNERSHIP WITH CHRISTIANITY TODAY

Christianity Today provides thoughtful, biblical perspectives on theology, church, ministry, and culture. Christianity Today is a regular source of Biblical insight on the intersection of Faith and Work. Visit christianitytoday.com to learn more.

Have you outgrown your investors?

by Charlie Paparelli

Here is a recap of the Paparelli Zoom Chat for Entrepreneurs #21. The theme was “Have you outgrown your investors?”

Special thanks to my guest Jason Moore, co-founder and CEO of Stratasan.

Quote of the call: “I talk a lot about lucky bounces.” Jason Moore. 

Here are my key takeaways from this call:

  1. You know you’ll be an entrepreneur sometime in middle school to early high school. I hear this in every entrepreneur’s story.

  2. “If you are in Nashville, you will find yourself talking to healthcare executives.” Every city has its industry focus. Build a company in that city’s industry focus. 

  3. To find a tech co-founder, begin working where the tech folks are working.

  4. If given the chance to pitch your company, say, “Yes.” It doesn’t matter if you are ready or not. Just say, “Yes,” and do it.

  5. Angel investors look for sales, customer traction. This is the path from idea to company.

  6. Small business operators understand how their business makes money. They have to be taught how to spend their cash in anticipation of revenue. This is the VC’s job.

  7. Investors who have operating experience are of high value in scaling the business.

  8. If you are not growing your company, you are on the way to death.

  9. Looking for the next big round? Jason’s criteria: 1. New money must be operators 2. Entrepreneur finds the new investor, not a banker 3. New money must write a recap check 4. Buy some of the founders’ stock.

  10. When speaking with investors: You don’t need all the answers. You do need enough of the answers. You must always be truthful and forthcoming.

  11. If bad news pops in the midst of a negotiation, tell it to the buyer quickly.

  12. Maintain relationships with all the people who got you to where you are today. 

Watch the video to discover when your initial investors might not be right for you or the business going forward.

This article was originally published here by Paparelli

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[ Photo by Caroline Hernandez on Unsplash ]

The Story of Canlis

MARK CANLIS OF CANLIS RESTAURANT

IN PARTNERSHIP WITH CENTERED

Raising up the Next Generation of Jesus-Centered Leaders. Jesus is the source and model of life and leadership. Learn more at https://centered.org