Failure Is Not An Ending

Alison Macor '88 | April 22, 2015

Tom Suddes ’71 knows what it’s like to fail. After nearly a decade in the development office at Notre Dame, Suddes left in 1981 to pursue his entrepreneurial dreams. He purchased an abandoned warehouse in downtown South Bend, renovated the interior and turned it into an athletic club. The East Bank Center project had potential, but Suddes found himself overextended as interest rates soared past 22.5 percent. Soon he was giving racquetball lessons at 6 in the morning, then showering and changing to get to the bank when it opened to beg for another loan.

“I’m very proud of that building and project, but in the end, the numbers didn’t work,” says Suddes, the author of multiple nonfiction books. “That was where I got my start on my many books, because I did Chapter 7, Chapter 11 and Chapter 13,” he jokes of his bankruptcy at the age of 32.
“If you’re not comfortable with not succeeding or not getting everything perfectly right, you can’t possibly be an entrepreneur because you never know what’s going to happen,” he adds. “Some things work, some things don’t.”

Read more at Notre Dame Magazine.

 by Daily Domer Staff

Posted In: ND Magazine