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

9 Success Tips for Every Entrepreneur from a Healthcare Maverick

Henry DePhillips, M.D., Chief Medical Officer of Teladoc Physician - Entrepreneur/Executive – Maverick “Listen closely to maverick entrepreneurs…and you quickly realize that they don’t sound like traditional executives.” – William C. Taylor and Polly G. Labarr, Mavericks at Work: Why the Most Original Minds in Business Win (2006)   By Mary Jo Krump, Social Media Director [...]

By | March 27th, 2015|

4 Reasons Why Shark Tank Is Not Just for Spectators

  By Ed McLaughlin and Wyn Lydecker Shark Tank has become ABC’s wonder child, drawing record ratings in February and positioning the Friday night prime time show in the top spot for seven weeks and running. Why has a show about people who are willing to face a group of tough celebrity investors in front [...]

By | March 18th, 2015|

The Big 3! Your Insurance for Startup Success

By Ed McLaughlin and Wyn Lydecker You can’t wait to start your own business. Yet, fear of failure continues to hold you back from venturing out on your own. You are frustrated, and you wonder, “When will I have the courage to start up?” I had these same startup goals, and I experienced these same [...]

By | March 2nd, 2015|

Startup Success Is a Team Sport

By Ed McLaughlin and Wyn Lydecker  As a startup founder or investor, it’s easy to muster passion for success. You have a business vision and goals, a significant investment of time and/or money, and expectations for a return on your investment. But how can your employees who receive the same paycheck every week or month [...]

By | February 24th, 2015|

GO AHEAD, MAKE SOMEBODY’S DAY

My love, she speaks softly. She knows there’s no success like failure, and that failure’s no success at all.    - Bob Dylan, “Love Minus Zero/No Limit” By Omar Douglass Contributing Writer for The Purpose is Profit Blog As Dylan tells it, the title for “Love Minus Zero/No Limit” came before the lyrics. The phrase [...]

By | February 18th, 2015|

FREE YOUR MIND & SUCCESS WILL FOLLOW

 Open up your funky mind and you can fly. - George Clinton/ Funkadelic   By Omar Douglass Contributing Writer for The Purpose is Profit Blog Imagine what the world would look like today if everyone who lost their job amid the turmoil of the “Great Recession” had thought of themselves as “self-employed” rather than “unemployed”? [...]

By | February 5th, 2015|

A Tribute to an Enduring Legacy

Our Grandfather, Henry A. DePhillips, Inventor and Entrepreneur, circa 1940   By Ed McLaughlin and Mary Jo Krump Fortunes come and go, but a legacy of exceptional character endures. Innovation can create overnight success, but even the latest and greatest change-the-world products and services can be replaced or be rendered obsolete by the next brainchild [...]

By | January 20th, 2015|

How Business Founders Can Start with Style

Founders Yaneev Benami and Brandon Bowers   By Ed McLaughlin and Wyn Lydecker  Long before your business idea unfolds, and long before you set aside savings to bootstrap your business or make other funding arrangements, you can start nourishing your dream to start your own business. This is a two-part blog about two entrepreneurs who [...]

By | January 16th, 2015|

Where Are You Headed In 2015?

"A journey of a thousand miles begins with one step."  -Lao Tsu By Ed McLaughlin and Wyn Lydecker  There comes a point in everyone’s life when you have to assess the journey ahead and choose your next step. If you are feeling the pull to become an entrepreneur, will you follow through this year or [...]

By | January 7th, 2015|