The Fort #372 - Pete Ochs - Founder @ Enterprise Stewardship - Stewardship Vs Ownership in Business
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Dec 3, 2024 Pete Ochs, founder of Capital III, shares his journey in impact investing and enterprise stewardship. He recounts moving a business into a maximum-security prison, transforming the lives of inmates through meaningful work. Ochs emphasizes the shift from ownership to stewardship, advocating for economic, social, and spiritual capital. He discusses the importance of generosity and the creation of purpose-driven companies that prioritize community well-being over profit. His passion lies in equipping leaders to live for something greater than themselves.
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Early Pursuit of Success
- Pete Ochs pursued traditional success in his 30s, focusing on pride, pleasure, and possessions.
- A business downturn near 40 led him to question his values and seek a greater purpose.
Stewardship Revelation
- Pete's near-bankruptcy experience led him to view himself as a steward, not an owner, of his business.
- This shift in perspective emphasized using business as a platform to foster human flourishing.
Moving Business into Prison
- Facing labor shortages, Pete moved his manufacturing business into a maximum-security prison.
- Initially motivated by greed, he quickly realized the inmates' humanity and the potential for flourishing.