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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.

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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!

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.

Generally speaking I am of the view that we should tax those things we want less of and not tax those things we want more of.

So, in a perfect world I would eliminate taxes on income, capital and investment returns and tax consumption more heavily. I might even go further and tax certain types of consumption differently (high rates on cigarettes, alcohol and junk food and low rates on hybrid cars and healthy foods).

At his link you may read a critique from Bill Gates on Thomas Piketty’s book on capital. I think Gates makes some great points, including how to avoid dynastic wealth.

http://www.gatesnotes.com/Books/Why-Inequality-Matters-Capital-in-21st-Century-Review?WT.mc_id=12_10_2014_books2014_tw&WT.tsrc=Twitter

Bad News

December 21, 2014

“As a corollary let me know promptly if there’s significant bad news. I can handle bad news but I don’t like to deal with it after its festered for awhile.” – Warren Buffett