FOOTNOTES: IDEAS TO WALK AWAY WITH… May – 2011 Since 1977, Lou Scheidt has led his company, Innovative Engineering, in a steady straight path forward. Yet, over the course of the last 44 years, he has never seen such strides made in terms of growth, opportunity and profitability as in the last two. On April 27, at the Engage for Business event held in Toms River, New Jersey, he discussed some key benchmarks gained during that time. In business, you will either have mentors or mistakes Mistakes during critical economic times cost more When it comes to learning what to do in business, he’s found knowledge is best caught, not taught You will lose some; try anyhow Always seek for a purpose greater than yourself Business success requires two ingredients: Passion + Purpose There is always a market for excellence Keep your eyes clear and focused Failure only happens when you stop trying His biggest mistake: working with people who didn’t agree with his vision Things CAN change We must know how we want things to end A television is an electronic income reducer The bigger the problem, the bigger the reward Accumulating wealth is a learned skill Engaged for Business™ is a professional resource sponsored in part by BOLD Ministry, one of the earliest Christian marketplace organizations which has featured such well respected leaders as New York Times Best-Selling authors, Dr. Timothy Keller and Gordon McDonald, and David C. Moore, Chairman of 24/7 Real Media and John Catalano, Director of Sales - Cox Cross Media. BOLD has also featured other New York City leaders such as Dr. Peter Scazzero, Rev. A.R. Bernard and Rev. Michel Faulkner. The Church of Grace & Peace is co- sponsored the event as part of its spiritual and business commitment to the Toms River community and Ocean County.