About The Purpose is Profit

Ed “Skip” McLaughlin Ed is the founder of four businesses and is currently running Blue Sunsets LLC, a real estate and angel investment firm. He bootstrapped his first business, United Systems Integrators (USI) Corporation, a corporate real estate outsourcing firm, and grew it into an Inc. 500 company. In 2001, Ed earned Entrepreneur of the Year honors from Ernst & Young. In 2005, he sold USI to Johnson Controls, a Fortune 100 company, and at that point, became CEO of JCI’s Global Workplace Business for the Americas. A member of the Board of Governors for Tufts Medical Center, Ed founded its David E. Wazer Breast Cancer Research Fund. He graduated from the College of the Holy Cross, where he is a member of the Board of Trustees. Active in philanthropy, Ed lives with his wife in Connecticut and has three adult children. Email: Ed@ThePurposeIsProfit.com LinkedIn: www.LinkedIn.com/in/EdSkipMcLaughlin Twitter: @purposeisprofit --- Wyn is the founder of Upstart Business Planning, where she works with entrepreneurs to develop plans that answer the questions investors ask most often. Previously, she was Managing Director of Business Plans International in New York and Co-Director of the Small Business Resource Center at Norwalk Community College. Wyn has an MBA in finance and marketing from the Wharton School of the University of Pennsylvania and a BA in economics from the University of California at Santa Barbara. She serves on the board of a local nonprofit she helped found, At Home In Darien. She lives in Connecticut with her husband and has two adult children. Email: Wyn@ThePurposeIsProfit.com LinkedIn: www.LinkedIn.com/in/WynLydecker

The Right Technology Can Jump-Start Entrepreneurial Success

By Ed McLaughlin with Wyn Lydecker Nowadays, it seems that tech startups are the only ones getting media attention. But many entrepreneurs are launching non-tech startups, just as I did. When you are developing a non-tech startup, intelligent use of technology can create a distinct competitive advantage, tighten your relationship with customers, improve access to [...]

By | July 7th, 2015|

3 Ways to Catalyze Your Business Growth

By Ed McLaughlin and Wyn Lydecker Running your own business is filled with leadership challenges. What steps can you take to lead your team and grow the company?   1 - Empower Your Business Highly successful companies encourage team members to work together for the betterment of the whole company. When you make a commitment to empower [...]

By | June 30th, 2015|

How to Over-Deliver Online Customer Satisfaction

  By Ed McLaughlin and Wyn Lydecker Satisfied customers are powerful assets for your business. They can be roaming ambassadors of your product or service, and they can spread the value of your brand and create a viral attitude of trust that pulls in new customers and retains existing ones.   Start Strong In his [...]

By | June 23rd, 2015|

Don’t Create a Startup Just Because You Hate Your Boss

The cult classic Office Space   By Ed McLaughlin and Wyn Lydecker Are you thinking of quitting your job and starting your own business? Many employees think about quitting because they hate their boss or feel stuck. Job dissatisfaction is notably wide spread. According to Forbes, 48% of employees worldwide don’t even like their jobs, [...]

By | June 18th, 2015|

3 Questions to Ask Before Starting Your Business

By Ed McLaughlin and Wyn Lydecker You are determined to start your own business.  You have thought about it long enough.  You have set it as a life goal. Yet, there are three critical questions inhibiting your lift-off: What type of business should it be? Can you make a profit? What would be the impact [...]

By | June 11th, 2015|

What Is the Real Cost of Startup Capital?

Originally Published on LinkedIn By Ed McLaughlin and Wyn Lydecker The key economic factors impacting the potential value of any business include Capital, Cost & Control. Understanding the meaning and purpose behind each of these words will have a direct impact on your vision fulfillment, value realization, and personal satisfaction. It is imperative to slow down and [...]

By | June 4th, 2015|

Beware This Newbie Mistake: Don’t Over-Estimate Your Market Opportunity!

  By Ed McLaughlin and Wyn Lydecker  Many new entrepreneurs believe their service or product will have wide market appeal and so overestimate their market opportunity -- and accordingly -- their company’s potential for growth. As identified by the Business Dictionary, market opportunity is a “newly identified need, want, or demand trend that a firm can exploit because it is [...]

By | May 28th, 2015|