By Clare Landis
What got you into wanting to do business?
DS: Back in 2009, I was 15. I’m into sports, but the gear was ridiculously expensive, so I started looking to into the replicas made in China. That was my first risk that I took, cause I was ordering off a website and you don’t really know if they will actually send you the product or if it will be good. That was my first risk taking type thing. It was all because I thought jerseys were way too expensive. It was something I cared about so I wanted to do it. I don’t do it anymore just because of the ethics around it. I guess I have a passion for delivering a product to someone and having them be really happy about it. I like to please people.
What can you tell me about some of the ventures you have started while here at the university?
DS: One thing I have started that has got some ground is the JPCatholic clothing that I am doing with James Jacobus. That is an existing thing that I had done at my other school. My official name is Outsourced Apparel. We [with James Jacobus] registered officially as a partnership. We have been busy so we really haven’t done a lot except orientation.
I have other ideas I have started for class. But I find it hard to learn if I am not actually invested in it. One idea I had was called, Institute for Scholar Capital. It was basically an investment type company. It’s an idea basically to partner with students who need money. So they would basically use their ability to borrow loans. The idea would be that they would keep half of it and the other half would go to me [Daniel Sanche] and I would invest the other half over the four year term, while they’re in school, and they would come out with a moderate return and come out with a little but of gain. I wanted model it so they could pay off the initial loan. But that may not be realistic. I need to fine tune the idea.
Something I am really interested in is E Ink technology. Like a Kindle, it is more like reading a book than a screen. Some people hate staring at a screen. I like the idea of being able to work on an E Ink screen while still having the benefits of being connected. The whole idea I had was an E Ink tablet that you could type on as well as read on and it’s big so you can read PDFs instead of just small Ebooks. E Ink is slow and laggy which is an issue, so I need to find a way to make it more usable so people aren’t wasting time while using it. My idea would be to come up with a product for either businesses or schools.
Does being Catholic ever make doing business difficult?
DS: I don’t think so. You don’t need to profess to people that you are Catholic. If you have good morals and good ethics then that’s all that really matters I think.
How do you see Catholicism and business mixing? Do they mix? Or should they be kept apart?
DS: They do mix, but I think there certainly is some separation. I think you can’t really force catholicism into business. You don’t necessarily need to profess that you are a Catholic or Christian business to really have an impact. I think if you maintain your Catholic ideals and principles and allow those to shine through, people really like that and relate to those companies. I think if people find out later that you are a Catholic company then people will respect you more.
How do you see business as a form of evangelization and impacting culture?
DS: I think it definitely has the opportunity to do that but not in the beginning. I think the main goal is alway to make money. I think impacting culture basically happens by doing good business. The biggest businesses will have the most opportunity to impact culture so by being successful you can begin to impact culture more.
What have you learn from some the of ideas you have started?
DS: I tend to get excited about stuff and the potential for it. I get really excited about an idea and see all this potential. But there are all these details you need to understand. It’s never super simple.
What has your experiences here at Jpcatholic taught you about business, as you’ve begun ventures and learned under the professors?
DS: Being able to present is a huge thing. Having confidence is another. It just goes hand in hand with presenting. In anything you need to be able to communicate your passion in order to sell it. No matter how good your product it you need to communicate how important it is to you or how it can affect other people’s lives.
Another thing is, the importance to have a partner or a mentor, and ideally, both. A mentor is important to guide you and keep you on track. A partner can help you feed off each other’s ideas and develop them.
Do you have any specific people you admire in business?
DS: I think visionaries are important. So people like Elon Musk. I think that whole visionary approach is a good thing to strive for. To think big and really look to see how you can change the world. I also admire Warren Buffett for his steadfast and principled decision-making. He always acts on his business principles and doesn’t let emotions influence his business decisions. Making consistently sound judgements is how buffet amassed his wealth and attained his level of influence.
DS: Trying to get into commercial real estate. It kinda fits into investing and it opens up a lot of connections. It would be really cool to get into developing a city and building towers. I think it can have a big impact on a city, doing projects for the growth of a city.