The Beacon Show with Tamara Jackson

Fundamental Christian Business Principles for Nonprofits | Tom Vozzo

Episode Summary

Running a successful nonprofit organization requires many of the same business principles that it takes to run any other type of business. In this inspiring interview preview of The Beacon Show, Tom Vozzo shares experience-based advice for those who want to bring their nonprofit vision to fruition.

Episode Notes

For those who want to start up a nonprofit, Tom Vozzo, CEO of Homeboy Industries, advises learning how to run a successful for-profit business first, and then transition to the nonprofit sector with your mission in mind. 

“Our mission is to create job opportunities and training opportunities so that people can have stability in their life,” Tom explains. “So our labor line is going to be bigger than everybody else’s comparable labor line.”

By operating according to good business practices and keeping the mission at the forefront, Tom demonstrates how a successful nonprofit can grow and effectively carry out its unique call. 

Look out for the full episode!

BIO:

• Created 14 social enterprises including Homeboy Electronics, Homeboy Threads, and the brand-new ventures, Homeboy Pet Spot and Homegirl Bloom.
• Bolstered the internal ranks at Homeboy with homegrown leaders. 70% of Homeboy’s management team is now comprised of formerly incarcerated gang members who began their tenure at the organization as trainees. 
• Launched the $12M Homeboy Ventures & Jobs Fund, providing philanthropic funding for new, LA-based businesses to create more high-quality jobs for the people who need them the most.
• In 2020, Homeboy was awarded the Conrad N. Hilton Humanitarian Prize, the world’s largest humanitarian prize presented to a non-profit organization judged to have made extraordinary contributions toward alleviating human suffering.

Prior to leading the team at Homeboy, Tom was an executive leading highly successful businesses in the service, retail and distribution industries, exceeding earnings targets, even during challenging economic times. His last corporate role was CEO of the $1.8B ARAMARK Uniform and Career Apparel Group.

His award-winning book, “The Homeboy Way: A Radical Approach to Business and Life,” outlines practical ways to address some of our most vexing social issues and provides a unique path for personal and business leadership.

Today, Tom continues to be passionate about helping those who live on the margins of society and addressing the challenges of racial, economic, and systemic injustices.

Thomas J. Vozzo is an author, speaker, and Fortune 200 executive turned nonprofit CEO at Homeboy Industries, the largest gang rehabilitation and re-entry organization in the world. 

Taking the helm at Homeboy Industries in 2012, Tom utilized the skills he’d perfected in the corporate world to help steer Homeboy into an unprecedented phase of growth and success, quadrupling the organization’s size, and significantly increasing the impact. 

GET CONNECTED:

Website: https://homeboyindustries.org 
LinkedIn: https://www.linkedin.com/in/thomasvozzo/

Instagram: 

https://www.instagram.com/homeboyindustries/