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January 15 2011

Video: Episode 12 of RTAM – 1st Show of 2011

In this episode we feature the City of Kamloops as a great place to live, play, work and do business in our first segment titled “Why do business in Kamloops?”. We took our cameras to the offices of several influential decision makers in our area including the Kamloops, Chamber of Commerce, Venture Kamloops, The North Shore Business Improvement Association, The Downtown Business Improvement Association, Thompson Rivers University, The Kamloops Airport, and The Provincial MLA’s office for Dr. Terry Lake.

In the second half of the show we head up to the Kamloops Convention Centre for the Kamloops Chamber of Commerce Christmas Business Trade Show and Social. We interviewed people about the benefits and value they receive from being members of the Chamber of Commerce and find out what some local business owners think of the Race to a Million.

We finish off the show with a segment about creating a vision for your business. How do you create a vision and why is it important?

Watch the full show we air on Shaw through our Vimeo channel by following the link to our video page for watching full shows … link: http://www.racetoamillion.ca/sponsors/full-shows-on-shaw-tv/

December 24 2010

Video: Business Tips with Natalie Peace from Booster Juice Ep. 11

Local entrepreneur and just a generally inspiring person Natalie Peace joins us in the studio to talk about her business Booster Juice. Natalie shares some great advice for young entrepreneurs and talks about her motivations to make a difference when starting her company.

Natalie is a graduate from Thompson Rivers University who has followed her dreams in spite of the likelihood of success and challenges she faced. She found a franchise that was aligned with her own personal values and hasn’t looked back since. She’s worked hard to run her business while still attending her classes and eventually achieved her goals. It’s been four and half years now and Booster Juice now employees over 50 people in Kamloops.

Natalie measures her success not only through having a socially responsible business with healthy products but also how she is able to help her employees grow and how she can impact her customers to also participate in changing the world one random act of kindness at a time.

Natalie finds it rewarding to see her efforts over the last four and a half years have a lasting effect on over 350 people she’s had work for her. Many have gone on to become great leaders themselves and she’s very happy to have played her part. The random acts of kindness challenge that Natalie started has now generated over 44,000 random acts of kindness not only through her staff but also throughout the community and is now growing internationally.

Natalie shares with us that her success is due to three things: hiring the right people; being creative; and measuring her success on multiple bottom lines.

You can check out Natalie’s website at www.nataliepeace.com

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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

Video: Business Tips with Bob de Wit

Peter sits down with Bob de Wit, an Angel Investor and Executive Director of the New Ventures BC competition to discuss the New Ventures BC competition both regionally and provincially as well as business tips and advice for business start ups and entrepreneurs alike.

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