October 28, 2010
CMA BC (Certified Management Accountants) asked me to draw on my experience founding, running and selling two businesses and write a piece for their magazine on what makes a successful entrepreneur. I ended up writing on what I think good entrepreneurs need to focus on.
I include an excerpt from the article below and a link to the online version of the article. Keep in mind, this is just my opinion on what matters.
Lesson #1: cash flow is the only financial measure that matters.
Lesson #2: customer cash is king.
Lesson #3: receivables must be managed.
Lesson #4: surround yourself with people who are better than you.
Lesson #5: pride is a dangerous thing.
Lesson #6: passion is paramount.
If you’d like to read the whole article then please visit this link: http://viewer.zmags.com/publication/e44793bc#/e44793bc/18
October 28, 2010
Community service and volunteering is something that has always been a very keen interest of mine.
Of course, there is the philanthropic benefit that comes with offering up one’s expertise or time. But I’ve also found that there are many personal benefits from volunteering:
- the feel good aspect of doing something good
- establishing new friendships (some of which have lasted me more than fifteen years)
- learning new skills
- exposure to new opportunities
While one shouldn’t go into a volunteer project for the purpose of “getting something out of it” – it is a natural byproduct and shouldn’t be discouraged.
My current project involves working with a team in the design and construction of a new Alumni Centre on the University of British Columbia’s Point Grey campus. This centre will be located in the heart of UBC’s campus, will be 40,000 square feet and include many things geared toward making alumni feel welcome at their alma mater.
At the end of this project I will walk away with a far stronger understanding of how one goes about building a building. I’m learning from our professional staff and my co-volunteers. It’s great stuff!
This is a particularly exciting time because our project is now on track to apply for a development permit.
The new Alumni Centre will be located right next to a tremendous student led project to build a new 255,000 square foot student centre. I’m excited for the students – I think they’re going to end up with one of North America’s most impressive student centres. Visit http://mynewsub.com/site/ to keep up to speed on this project.
Here’s a flyby down University Boulevard to the new University Square:
If you’re a UBC alumn or even a current student (or future alumn!) then be sure to check out http://www.alumnicentre.ubc.ca to keep posted on the Alumni Centre project.