Banking On Experience Ex-banker blends his talents with photography franchise.

By Alex Purugganan

Opinions expressed by Entrepreneur contributors are their own.

Be Your Own Boss, Fall 2000

Life has gotten a lot flashier for Ted Downing since he made the leap from running a bank to organizing picture days for kids. The Sports Section, a youth and sports photography franchise in Evanston, Illinois, Downing integrates his business insight with his passion for taking pictures.

After succeeding in the banking industry for 20-plus years, Downing, 55, felt it was the right time to venture into his own personal field of dreams. "I asked myself, 'How can I combine my enthusiasm [for photography] with my experience in the business world in order to be my own boss?' A blending of those [qualifications] was a perfect marriage"

Downing's broad background in banking has given him " the business acumen needed to develop a new business, the understanding of what a business needs to do to [thrive] and the courage to take that initial leap of faith." And, having been an avid amateur photographer for over 15 years, his artistic nature has also proved beneficial. "A picture has to express and give some meaning to the experience you had," he explains. "Our mission is to create memories." That mission certainly sounds more intriguing than creating home equity and IRA accounts.

Contact Source

The Sports Section,

Editor's Pick

Business Culture

Why Recent Layoffs and Unaddressed Employee Grief Are Hurting Your Company's Bottom Line

Communication can go a long way in creating trust, stability and vision in an organization's very unstable time of grief. This will, in turn, improve the company's bottom line as well.

Business News

Opening a New McDonald's Franchise Will Be More Expensive in 2024

Starting January 1, franchise royalty fees will rise from 4% to 5% for new locations in the U.S. and Canada.

Business News

'An Absolute Prize': Rare Great Depression $10,000 Bill Sells For Nearly $500,000

The $10,000 bill is from 1934 and was never in circulation.

Business News

'Bar Tab Was Almost 80%': Restaurant Slams Well-Known Columnist After He Goes Viral For Claiming His Meal Cost $78

A photo of a burger and fries from 1911 Smokehouse BBQ at Newark Airport went viral for its alleged price, but the restaurant says the man didn't factor in his many alcoholic drinks.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.