The business world can be a very tricky maze to navigate. Most people see successful businessmen and think that it is an easy way to get rich. Nothing could be further from the truth. Every time you invest, there is a good chance that you may lose it all.
Business is characterized by aggressive competition whereby someone else is always ready to take your position, and you must always work hard to stay ahead of the competition. Success in business is only achieved through hard work, dedication, and above all, passion bordering on obsession.
Chris Burch has managed to succeed in multiple industries ranging from fashion to real estate and hospitality. His companies are known for their strict adherence to quality.
He recently launched one of the best resorts in the world on a remote Indonesian island. Travel magazines have described it as the ‘best hotel in the world (thenewsversion.com).
Early life and Education
Chris was born and raised in Pennsylvania. His family was middle class; his father owned a company dealing in mining equipment. It is fair to say that Chris inherited his business talent from his father.
He undertook his high school education at Tilton School in New Hampshire. He got his undergraduate degree from Ithaca College.
Burch began his entrepreneurial venture very early in his life while he was still in college (https://www.entrepreneur.com/article/222766). He began by selling sweaters door to door on campus, buying them for ten dollars and selling them for fifteen dollars.
He worked hard at this modest business, and he quickly grew it into a company that was making sweaters and selling them on neighboring campuses, eventually making it into retail stores. He would eventually sell his clothes business in a deal that brought him over fifty million.
This was just the beginning of what would turn into a glittering investment career. His next venture was in technology when he invested in an internet IPO company, which grew to become the now recognizable Internet Capital Group.
He made a return to the fashion industry when he co-founded a clothes company in 2004. Under his leadership, this company achieved tremendous success eventually attaining a valuation of over three billion.