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January 29 2011

Video: Feet in the Street – What would you do with 10 K? Ep. 14

WIN $10,000What would you do with $10, 000? That’s the question we asked local Aberdeen Mall shoppers in attempt to drive awareness about our BIG IDEAS CONTEST. Haven’t heard of it? Check it out at www.racetoamillion.ca

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January 19 2011

Video: Business Tips – Creating a Vision for your company – Ep. 12

Some people know about visions and some don’t, whatever the case it’s always good to have a solid understanding of where you want to take your company. There is value in visualizing where you want to be, to set a time frame of when that’s going to happen, and to write down exactly what you want. It’s important to do these things not only from a business stand point but also from personal one. If you don’t know what I’m talking about yet then check out this video to learn more about efficient ways to take your business to where you want it to be.

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January 18 2011

The Kamloops Chamber of Commerce Christmas Social and Trade Show Ep. 12

In this video we head up to the Kamloops Convention Centre for the Kamloops Chamber of Commerce Christmas Business Trade Show and Social. We interviewed several business professionals from Kamloops about the benefits and value they receive from being members of the Kamloops Chamber of Commerce and found out what some of these local business owners think of the Race to a Million.

Check out this great 10 minute video on the Kamloops Chamber of Commerce!

We invite you to also submit the benefits and reasons why you would consider being a member of your local Chamber of Commerce in the comments area below this article.

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We’d like to thank the following people for joining us on camera:

  1. Deb McClelland, Executive Director of the Kamloops Chamber of Commerce
  2. Shawn Haley, Owner of Erwins Bakery
  3. Kimberly Watt-Senner, President of Everything Organized
  4. Sarah Samson, Sales Representative of Black Creek Ranch
  5. Lorilee Sweeney & Mikkie Nettles of Kamloops Fit Centre
  6. Daniel Ruzic, Resort Experience Coordinator of Sunpeaks Resort
  7. Murray Redmond, CIBC Imperial Services
  8. Mike Grenier, Developer of Tobiano
  9. Berry Salter, Owner of Zero Tolerance DD’s
  10. Lisa Henson, Owner of Beauty Code Boutique
  11. Cherie Rensing, Owner of Celtic Fire Design
  12. Bill Jackson, Owner of Cuz I’m Magic

January 17 2011

Video: Why do Business in Kamloops? Ep. 12

We took our cameras to the offices of several influential decision makers from our region and asked them, “what’s the appeal of living in Kamloops? Why is this city so great to live, work and play? Why should people consider doing business in Kamloops? and finally, what do you think of the Race to a Million?” They gave us some great answers… check them out in this video segment.

It’s the best 12 and a half minutes you’ll spend hearing about this great city!

We’d like to thank the following people for joining us on camera (in alphabetical order by last name):

  1. Terry Lake the Kamloops – North Thompson MLA
  2. Fred Legace the Managing Director at Kamloops Airport Ltd
  3. Deb McClelland the Executive Director at Kamloops Chamber of Commerce
  4. Peter Mutrie the Manager at Northshore Business Improvement Assoc.
  5. Gaye Pooler the General Manager at Kamloops Central Business Improvement Assoc.
  6. Christopher Seguin the Vice President of Advancement at Thompson Rivers University
  7. Dan Sulz the Executive Director at Venture Kamloops

If you are a fan of the Kamloops region and you have a website we invite you to embed this video on your site and share it with your readers. We invite you to also submit the reasons why you like Kamloops in the comments area below this article.

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December 29 2010

December 24 2010

The Face of Business is Changing and This Could Change the World

When Dean and I started the Race to a Million we did a little research. We wanted to know what the average person thought about business and entrepreneurs. We knew that people, including ourselves, have a tendency to socialize and interact with like minded individuals who think like they do..  We needed to know what other people thought about business that were not necessarily like us, others who were not part of our sphere of influence.

Boy, did we get a shock! We managed to find a lot of people who were neither business people nor entrepreneurs. But we thought they should be. These people, like us, love to be creative. They care about their friends, family and community. They are enthusiastic. They like to have fun. These people work tirelessly on school PACs, cadets groups, card making and scrap-booking groups, and fund-raising committees for children’s sports groups. What we learned from many of them contained some surprises for us.

Perhaps the biggest surprise for me was that many of these enthusiastic, creative, and caring people truly believe that you can not succeed in business without being ruthless, cutthroat and self-centered. They had stereotyped business people according to the negative and sensational examples of the heartless, cold and calculating millionaire celebrities we all love to hate. I heard time and again that these people wouldn’t want to enter into business because they wouldn’t like the person they would have to become.

95% of our economy is driven by small business entrepreneurs.  What would our economy look like if these people didn’t feel like this about the prospects of starting a business? They’re the creative backbone of our society! They care about people! They’re the business owners that every potential customer and every potential employee is looking for! If we could find a way to show these people that nice people don’t have to finish last – it could be a game changer.

This is one of the reasons why we started the Race to a Million and also the reason why we chose our slogan, “Nice People Can Finish First”.

Yesterday, I was a little disturbed with a related sentiment posted by a reader on our website. It was in reference to Team Genie’s project which they have apply named the Kids Coffee and Tea Company. Here’s what the comment says:

  • Are they using sympathy for children to cash in? Boo. What a sick program all together. Shame on all of you sick people. Money is your god.”

Here was my response:  (click here if you want to see the full dialogue – it’s at the bottom of the page when you follow the link)

  • In my opinion I believe Team Genie has chosen a good avenue to align and promote their brand of coffee. They have chosen to support causes for children in three different ways: 1) in support of children from farming families where the coffee comes from … 2) in support of Make-A-Wish foundation (Team Genie’s primary charity of choice) in order to grant wishes for children with a terminal illness and 3) as a fund raising opportunity for kids school, sports and recreational groups. Are they using sympathy to cash in? I don’t think so. Rather I believe they are giving consumers a choice to support a coffee brand that does more than just line its shareholders pockets with money. Money is not their God. They are making a difference and I for one am proud to be associated with what they are attempting to do.

I think this is another example of people assuming that making a profit and running a business is dirty. We should not be shying away from realizing our dreams of supporting our families and making a difference in the world. We should be embracing it! While the concepts of socialism and communism are noble; it’s a proven fact that they just don’t work! Communism has been a cause of oppression and hardship for millions of people generation after generation.  I think where people go wrong with capitalism is the idea behind what a business is and is not.

Look at Natalie Peace in the business tips interview we recently did. She started Booster Juice because she wanted to make a difference in the world! Who says you have to wait to become a successful millionaire before you can become a philanthropist? Why can’t we find smaller but consistent ways of making a difference as we progress in our businesses and give back to social and environmental causes as we’re on the journey? Why does everyone have to assume that our motives are bad?

The good news is not everyone feels this way. The face of business is changing in the world… it’s becoming social… it’d becoming about more than the bottom line… as Natalie says… it’s about multiple bottom lines. I invite everyone to join us! As Shaw TV’s campaign recently said “Together is Amazing!” … Together we can make a difference… contact us if you’d like to find out how you can help. We’d love to hear from you.

December 23 2010

Video: Participant Spotlight Featuring Bernie Warren from Team TRU

Bernie WarrenDean catches up with Bernie Warren for this Team TRU participant spotlight on the third floor of the International Building at TRU World on the Thompson Rivers University campus.

From welding to the forestry sector to Earnst and Young’s Accounting Computer Consulting Group to cutting his teeth on Bay Street in Toronto Bernie has definitely earned the right to teach the business leaders of tomorrow at TRU’s School of Business. Bernie loves the Kamloops area and jumped at the chance to teach business here over 20 years ago. Today there are not many people who can boast about still being in the same job after 20 years but Kamloops should be proud that Bernie can. Bernie teaches operations management and computer related courses in the business degree program at Thompson Rivers University.

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Bernie shares a little about the whole Race To A Million contest and how it’s working for the students. He says social media and connections play a significant roll.

Bernie also talks about the International Business Plan competitions in memory of Tony Brower held last year with participation from all over North America… first place went to TRU students and second place went to a lady for starting a special daycare in New York City… Bernie says that Race To A Million has helped garner some tremendous interest and support from the Kauffman Foundation for the TRU school of business and the International Business Plan competition.

Bernie thinks it’s going to take something BIG and QUICK that leverages technology somehow to succeed in the Race but beyond the race he sees a lot of future success and new challenges coming out of this exciting show.

Privacy, secrecy and protecting intellectual property is a very big challenge with entrepreneurs but Bernie thinks this “Old School” way of thinking is on the way out. Instead, he says the new economy is about sharing ideas and global participation. Don’t hold on to your ideas too tightly; ideas have to be shared so that we can all build on them.

Please Note:

Don’t forget if you’ve missed the full half hour shows of the Race To A Million on Shaw TV or if you don’t get them in your area you can watch them in high definition from the full-shows page of the Race To A Million website: to watch the full shows click here.

December 21 2010

Top 100 Canadian wealthiest entrepreneurs – What do they have in common?

Do you ever looked at the world’s successful entrepreneurs and wondered how did they amassed that wealth and success? Most recently I certainly had one of those moments and I am sharing my observations.

I was reading the Canadian business special edition featuring The Rich 100 successful and wealthiest business people. I normally start reading the opinion column by Sir. Richard Branson but this time I have skipped to page 39 featuring the Canada’s 100 wealthiest people.

I read about the top 5 wealthiest people then started wondering how these successful business empires were built? There are so many questions going through my mind, here are some I managed to write them down,

  • How the Canada’s #1 wealthiest person David Thompson created a business worth $23.36 billion?
  • What motivated these people to work on their ideas?
  • What really sparked their ideas to explode into billions of dollars?
  • Do they ever think of becoming rich and successful when they started their first venture?
  • How the family reacted when they are working hard 24 hrs a day, 365 days a year?
  • How did they hire their first employee?
  • How did they make their first sale? How long did it take them to break even?

I was completely lost in my thoughts and I heard my son asking for his Lunch. I promised him some fries earlier, now it’s time to wealthiest canadian businesseskeep my promise. So I made some fries and PC gourmet pasta. For the whole time I was thinking about how businesses can succeed against all odds. Looking at the fries reminded me a conversation that I had with Peter Cameron-Inglis, it was about McDonalds. It may be a burger or a coffee McDonalds has a process for everything they do behind the counter. This tells me that having the turnkey business plan with full operational processes in place is the key to a business success. Can this be applied to an entrepreneur success?

I started researching around these successful business people and found some key elements in common in all businesses, you are welcome to add some of your experiences in the comments below.

  • As you may have expected, they have processes in place to build team work and productivity
  • They developed successful business relationships and trust with partners, employees and most importantly their customers
  • They added value to the products and services offered when compared to competition
  • Most of the company executives had a well organized work – life balance.
  • Admitted and learned from their mistakes and were quickly adaptive to the new challenges
  • They are passionate about their company products and persistent in getting more sales year on year.
  • They are willing to take risks; this reflects the leadership qualities in entrepreneur.
  • They have clear communication structure in the organizations to reduce the gap between front end staff like customer services, admin and executives. They encouraged staff to be part of their company vision.

In conclusion for an entrepreneur it requires lot of courage and determination to start up a business from scratch. An entrepreneur has to make quick and timely decisions on what will sell and who should he hire or fire. He / She is a vision maker, a true leader who risks to gain the high rewards.

December 14 2010

Submitted Idea – Community year round open market

This is what Dan Stoddart calls an open market and it’s definitely an idea worth one of our stylish Race to a Million t-shirt plus an entry into the $10,000 dollar draw in July of 2011. This idea brings together modern store front shops with the old fashion “flea market” feel, good job Dan, keep up the creative thinking!!!!

Idea Title:
Community year round open market

From:
Dan Stoddart from Osoyoos

Idea Summary:
Using one of the empty large footage buildings in the south Okanagan, theme the inside to match the early days (1920′s) in a street scene. Split it into small store footage for the full time entrepreneur to start his/her business in a low overhead setting with a concourse area available for community functions.

Idea Description:
Buy-Low in Oliver is 20,000 square feet break it into a horseshoe with booths surrounding a common area. Would be the close to Granville Island’s idea that would offer a destination for tourists while allowing for affordable footage for the new serious business over.

Message:
Have a full set of plans drawn up for this

CMDC Comments:
We love the idea Dan, it reminds us of an indoor year round “flea market”, it would be a good place for a home based business or fund raising group to get some exposure. Along with that it’s something that can give back to the community.

SPECIAL MESSAGE:
Do you have an idea that you think could make money? Submit your money-making ideas using the form located here.  If any of the teams use your idea or if we publish your idea to our website we’ll give you credit, automatically send you a cool Race To A Million T-Shirt AND enter you for a chance to win your choice of either…

  1. A Trip for 2 with all expenses paid to Kamloops, BC, Canada for the season finale;  or
  2. $10,000 … That’s ONE MILLION cents in exchange for your 2 cents … A great return on investment that makes cents … as well as sense! (Don’t worry we won’t pay out in pennies… we promise.)

Pete & Dean

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