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Harbour Air

Those of us who live on the southwest coast of British Columbia are very familiar with the yellow and white float planes that come and go from all over the coast.

Harbour Air has been voted as one of Canada’s top managed companies for several years. On our September 8 segment we talked about what makes great management and used Harbour Air as an example.

Click the link below and enjoy. As always, fast forward to about 33 minutes.

vka-dragonboat-119401-jpg

Fast forward to 51 minutes and listen in to learn about all that is happening in Victoria this weekend at the Victoria Dragon Boat Festival!

stevejobs_focus

After taking the summer off I’m back on CFAX 1070 talking about entrepreneurship.

This month we talk about the importance of focus in order to be successful in entrepreneurship. We use examples of how when various entrepreneurs were distracted by buying sports franchises their businesses suffered and in some cases failed.

As always fast forward to about 34 minutes and enjoy!

BC Cancer Fundraising

July 24, 2015

B35C2X Lights of Courage in honour of cancer patients Victoria British Columbia Canada

B35C2X Lights of Courage in honour of cancer patients Victoria British Columbia Canada

The Victoria Dragon Boat Festival Society raises money annually for the BC Cancer Foundation and has been doing so for about six years. Almost $600,000 has been raised over this time with much of that coming from its Lights of Courage campaign.

I was on CFAX this morning talking about Lights of Courage which launches today.

Visit the link below and fast forward to about 51:30 minutes to learn more.

renters-ownersAn interesting essay on short term thinking from the CEO of Blackrock.

I’m not sure about manipulating public policy (in the form of lengthening the holding period for the tax treatment of dividends in the US) to impact investor thinking.

However, the idea of getting investors to think like owners instead of renters makes good sense.

http://www.mckinsey.com/insights/strategy/our_gambling_culture?cid=other-eml-ttn-mip-mck-oth-1506

Vancouver Club Rooftop Garden

On yesterday’s CFAX 1070 segment on entrepreneurship and investing, recent University of Victoria graduate Chris Hildreth pitched me on his new venture.

Top Soil proposes to build a business growing produce on building rooftops all over the Capital Regional District (to start) and selling the fresh product to local restaurants. Victoria hotspot Fiamo has already signed on.

This is a true “triple bottom line” business. Click the link below and listen in (as always fast forward to about 32 minutes) to hear us talk about the most important component of the trip bottom line – profitability.

angel-investors

On April 8 University of Victoria student Bhupinder Dulku pitches me on his start-up business http://www.travelmetrics.co.

When hearing an investment pitch for a start-up I look for four topcis to be clearly and succinctly answered:

(1) Describe the market pain.

(2) Describe your solution.

(3) Provide your background and any skills you need to drive the business successfully.

(4) Describe how you’re going to make money and the investment opportunity.

Click the link below and listen in to his pitch and my questions and critique.

Ray Kroc

With all the mega success stories of young entrepreneurs like Bill Gates of Microsoft, Sergey Brin and Larry Page of Google and Mark Zuckerberg of Facebook one can be left to wonder whether it’s too late to become an entrepreneur if you’re not in your twenties.

On today’s monthly CFAX 1070 segment on investing and entrepreneurship we discuss late in life entrepreneurs like Ray Kroc (who bought McDonald’s when he was 52), Harland Sanders (who founded KFC when he was 65) and Robin Chase (who founded Zipcar at 42).

The short answer is, “no”, mid-life is not too late to have a big win!

As always click the following link and fast forward to about 32 minutes.

Lessons Learned

Today Ian Jessop and I talked about some of lessons I’ve learned through building, running and selling two of my businesses.

Click this link and fast forward to about 32 minutes and listen in: https://soundcloud.com/ian-jessop-cfax/march-2-2pm

Some of those key lessons include:

– focus on customer cash over all other sources of cash;

– let underperforming staff go more quickly, and;

– invest less of my own money and grow the business more from customer cash than equity.

We also talked about how entrepreneurship isn’t for everyone and there are good arguments for some to go the job route. Some of these include:

– paid education;

– being held accountable by your employer;

– being part of bigger game;

– forming meaningful relationships, and;

– having more disposable income.

Refer to this entrepreneur.com article for more insights: http://www.entrepreneur.com/article/242951.

Vanderbilt

There are political entrepreneurs who exploit relationships with politicians to enrich themselves and there are market entrepreneurs who rely on providing their products or services better, faster, cheaper and more efficiently.

On today’s CFAX 1070 segment on investment and entrepreneurship we talk about Uber and taxi companies, Charles Schwab and the US steel industry, Robert Fulton and Cornelius Vanderbilt and the steamship industry before the turn of the century and even WestJet and Air Canada. You can guess which of these were political entrepreneurs and which ones weren’t!

As always, fast forward to about 32 minutes and listen in: https://soundcloud.com/ian-jessop-cfax/february-2-2pm