Hulks Hauling Junk/Foxes Packing Boxes

• $250,000 dollars at 25%
• largest/fastest growing company in 2009 for USA
• top 30 new franchise.
• the business is just giving the sharks an extension of what is already built.
• foxes = $500,000, at 20%
• 51% for 250 k
• never laugh at money or insult it.
• only interested in the existing business.
• the offer the hulks gave is a million dollars/10%
• 50/50 on the foxes, and 10% of the shark's investment
• the companies passed the offer
• the business expanded during the recession.

Triumph of the Nerds

• Paul Allen has $8 billion dollars and is friends with Bill Gates and invented the personal computer.
• Microsoft occured by accident by just trying to impress their friends.
• Nerd: a someone who uses a computer in order to use a computer.
• Edwin's friends think of him as a friend, but he doesn't mind.
• Worked on their own time.
• the data is held in a computer by code, known as machine language.
• Grace Hopper invented the English language into binary code.
• nerds wanted their own computers, but it took a technological breakthrough for that to happen.
• Intel started 28 years ago, and invented the chip.
• the people with the power are the ones that understand what's going on.
• Intel didn't appreciate the brilliance of their own product, and had all the elements necessary, but just didn't get the concept.
• Altair 8800 was the first Minicomputer kit and was to be built yourself, and usually didn't work in the end.
• by New Mexico, MITS was in progress of being bankrupt.
• Turning the Altair required a programming language instead of flipping switches.

Entrepreneurial Seminar/Innovation

The Golden Rules of High Speed Innovation

• Necessity to Act.
• Do Something.
• "We did it because we believed we had to." - Larry Hillblom Co-founder DHL
• Necessity to Invent/Act.
• Create Crisis and Urgency
• Feeling the Genius of the Average Worker
• Do something, anything, better each day
• Create Urgency
• Steve Jobs @ Apple. Creates high expectations, known for demanding, results in high stress, but strangely high inspiration in its employees. 
• Free the Genius of the Average Worker.
• 90% of the workers are average, Honda goal was to get 1 idea per month from the 90% average worker, the results are miraculous.
• Do something, anything better each day.
• Find something to improve, some process to speed up, something small or big.
• Jim Pattison, starts all meetings early.
• Love what you do and get good at it.
• Sarah Breedlove Walker
• Walker Manufacturing
• First black millionairess

Shark Tank: Mr. Tod's Pies

• "don't cry for money, it never cries for you."
• The sharks are successful businessmen that have achieved their goals and are investing in other people's businesses.
• over 3,000 pies sold per day.
• worth $4.6 million dollars
• 10% stake
• major market is on the whole sale side.
• $2 million dollars in sales last year.
• averaging 20% net income.
• Owner can't keep up with the demand.
• Half of the revenue comes from one flavour.
• $300,000 will go to producting a facility.
• $460, 000 --> 10%
• Sweet potatoe pie brings in 94% for his profit, leading to a wholesale of 50%  and retail of 50%
• $425, 000 comes from the sweet potatoe pie alone.
• McDonalds is willing to take in Mr. Todd's product.
• The owner is planning on walking away with $460,000 if he accepts, but will only get half of his company.

The owner's strengths would be his signature sweet potatoe pie. Since the sweet potatoe pie brings in 94% of his profit, which has lead to a wholesale of 50% and retail of 50%. In all, $425,000 comes from this pie alone. But his weaknesses is that he is very emotional with his money, and was willing to expand his business farther out to big businesses such as McDonalds and he can't keep up with the demand.

Arnold Schwarzenegger

• he knew what he wanted and knew how to get it.
• one of the most interesting people in the world.
• They called him the "Austrian Oak".
• Came into America with only a gym bag, and a dream.
• Captured the heart of a Kennedy.
• Born in 1947 in Austria, and lived in a 300-year old home with no indoor heating.
• his father was an ice curling champion.
• Arnold's Dad was a perfectionist, and a strict disciplinarian on Arnold, but favoured Arnold's older brother.
• was already a talented athlete by his teens.
• "I am going to be the best  body builder." - age 18
• had a low pain tolerance.
• 6 days a week, he would walk or bike and work out for hours.
• eventually made his own gym at home after being told he could only work out 3 times a week at the local gym.
• fun was the most important thing to Arnold while training.
• entered the Austrian army
• was arrested and thrown in jail, but was told to keep training.
• when he was 19, he was already known as a body building legend throughout Austria and Germany.
• competed for Mr. Universe and won 2nd prize.
• In 1967, he managed to scrape enough money to buy a famous gym for himself.
• at the age of 20, he became the youngest Mr. Universe in all of history.
• known to be very conceited.
• was astonished by the body builders in America, and took 2nd place.
• he had the mind and heart of a champion.
• began his own mail order company, and was determined to conquer capitalism.
• Joe Weider was Arnold's mentor: body building and business.
• Arnold told Joe he needs to have more joy in his life.
• Arnold went back to London to win Mr. European
• back in Austria, Arnold's brother was killed and his father died of a stroke.
• Jim Lorimer became Arnold's business partner.
• Arnold announced he would be retiring from body building in 1975.
• at the age of 28, Arnold was the most famous bodybuilder in the world.
• "Hercules Goes to New York" was Arnold's first film.
• was told to change his name and had a difficult accent.
• Arnold won a Golden Globe for his role in "Stay Hungry."
• in 1977, "Pumping Iron" opened as a documentary of Arnold's body building life.
• he wanted to be a movie star, but had other dreams such as real estate.
• very realistic, and very focused and very smart.
• He had a business degree in Sports.
• spent a year training his speech.
• was offered the role of the terminator after being seen in his 2-3 films.
• By 1985 he was already named International star of the year.
• In 1986, Arnold married Marie Kennedy.
• Always learning.
• gives back to the country that has given him so much.

I learned from Arnold that anyone can be successful with very little in hand. Coming from another country, Arnold showed the world by entering the USA with little knowledge but determination and motivation to achieve his goal.  With a positive attitude, Arnold proves that I can fulfill their dreams and goals. By doing what I love and with an optimistic mind, I can do great things when I put their mind to it.

Canada's Top 100: TD Bank Financial Group

TD Bank Financial Group


Why were they chosen?

• continues to expand and create new jobs in Canada
• provides employees excellent financial benefits, including low-interest home loans, a share purchase plan, year-end bonuses and discounts on banking services
• supports new parents with leave top-up payments
• helps employees plan for retirement with a defined benefit pension plan

Employer Background

• provides customers a full line of retail, commercial, corporate, investment banking and treasury products and services
•  TD Bank maintains over 1,100 branch locations across Canada and ranks among the world's leading online financial services firms with over 5.5 million online customers
• In the United States, the bank operates through its TD Bank, America's Most Convenient Bank banner, which has now has over 1,000 retail banking branches throughout the States.

Physical Workplace

• rated as exceptional
• Employees take part in the selection of charitable groups assisted each year.
• TD Bank is one of Canada's largest corporate donors, directing millions of dollars to charities and non-profit agencies every year
• In addition, employees raise millions of additional dollars every year through personal contributions and through fundraising efforts across Canada.

Work Atmosphere

• rated as exceptional
• the bank encourages a range of social, cultural and recreational activities through employee-led social committees
• The social committee also hosts an impressive holiday party for children of employees with over 6,000 guests, carnival rides, a petting zoo, pony rides, arts and crafts and over 3,000 gifts delivered by Santa.
• TD Bank keeps employees informed and encourages feedback through a company newsletter; corporate intranet site; email suggestion box.

Financial Benefits

• rated as exceptional
• To keep salaries competitive the company participates in outside salary surveys every 12 months.
•  TD Bank also provides signing bonuses for some employees; year-end bonuses for all employees.

Health

• rated as very good.
• TD Bank's health benefits plans are a combination of self-insured and Manulife Financial, as well as being administered by ClaimSecure Inc. (drug plan) and Manulife Financial.
• As part of the health plan, the employer pays 100% of the premiums
• Employees who work 15 hours per week receive coverage
• The waiting period for new employees is 90 days.
• Employees receive full family coverage on the health benefits plan
• The health plan also includes retiree coverage with no age limit

Employee Engagement

• rated as exceptional
• Employees receive individual performance reviews every 6 months
•  TD Bank rewards exceptional performance through a variety of business recognition programs, including on-the-spot awards, performance awards and nomination based awards
• The bank also hosts a formal employee appreciate week every June and supports the "You Make TD" reward and recognition program by investing approximately $1.5 million every year.
• TD Bank hires an outside consultant to conduct confidential employee satisfaction and engagement surveys.

Training

• rated as above average.
• Employees receive tuition subsidies for courses related to their position
• Employees may also receive tuition subsidies for courses unrelated to their current position
• TD Bank also supports ongoing employee career development with subsidies for professional accreditations, in-house training progams etc.

Community Involvement

• rated as exceptional
• Approximately 2,100 charitable and community organizations were supported last year.
• TD Bank is one of Canada's largest corporate donors, directing millions of dollars to charities and non-profit agencies every year
• The bank and its employees support numerous initiatives, including Habitat for Humanity, the United Way, the Children's Miracle Network, Junior Achievement, the Mentoring Partnership, and the TD Grade One Book Giveaway

Canada's top 100: Telus Corporation

TELUS CORPORATION

Why were they chosen?

• provides maternity leave top-up payments to employees who are new mothers.
• manages a formal work-from-home program which enables employees to work through the company's specially designed intranet.
• offers a number of excellent financial benefits.

Employer Background

• Canada's second-largest telecommunications company, providing data, Internet, voice and wireless communication services
• the company provides a wide range of wireline and wireless telecommunications products and services including data, Internet Protocol (IP), voice, video and entertainment services to customers across Canada.
• the company launched the Koodoo Mobile brand, to provide Canadians with a basic and affordable level of wireless service.

Physical Workplace

• rated as exceptional
• Located in the heart of busy Robson Street in downtown Vancouver, Telus' head office is only minutes away from public transit options, restaurants, shopping areas, recreation centres, and educational institutions.

Work Atmosphere

• rated as very good.
• The company-subsidized social committee has been in operation since 2004.
• The company also encourages employees to make their opinions known through a variety of means and keeps employees up-to-date about new company developments through a company newsletter, emails etc.

Financial Benefits

• rated as above average.
• Individual salaries are reviewed every year.
• Telus provides signing bonuses for some employees new employee referral bonuses

Health

• rated very good.
• The company has separate health plans for its union and non-union employees
• the employer pays 75% of the premiums.
• Employees who work 19 hours per week receive coverage. There is no waiting period before coverage begins.
•  The company also offers optional family coverage using flex credits, and an onsite wellness centre at the head office, which provides blood pressure checks, massage services, naturopathic consultations, and reflexology treatments.
• Telus also manages a formal work-from-home program, with over 700 employees working as at-home agents across the country

Employee Engagement

• rated above average.
• Performance feedback is also solicited from co-workers and other managers familiar with each employee's work
•  Telus recognizes exceptional employee performance with company-paid trips and financial bonuses, recently rewarding top sales employees with a five-day trip for two to Barcelona, Spain.

Training

• rated exceptional
• Employees receive tuition subsidies for courses related to their position.
• In addition to full tuition subsidies, Telus supports employees' ongoing career development with subsidies for professional accreditations, financial bonuses for course completions, in-house apprenticeship and skilled trades internships, and more.

Community Involvement

• rated as exceptional
• supports local, national and international charitable organizations
• Employees take part in the selection of charitable groups assisted each year
• Employees receive paid time off to volunteer with their favourite charitable organizations
• employees in all Telus locations were given one paid day off and the opportunity to volunteer in their communities for the day.



Canada's top 100: BC Hydro

BC HYDRO

Why were they chosen?
BC Hydro was selected as one of Canada's Top 100 Employers for 2011 because they offer their employees up to 20 paid personal days off each year and gives them the flexible options to "cash-out" unused days. They also encourage their employees' ongoing development with good tutition subsidies, in-house and online training programs, and professional accreditation subsidies.

Employer Background
BC Hydro generates and creates the electricity to citizens of BC. The provincial Crown corporation is one of Canada's biggest public utilities, working 20 hydroelectric facilities (creating 80% of BC's electricity) They also have 2 gas-fired thermal plants and one combustion fuel turbine station. Along with their primary offices in Vancouver and Burnaby, BC Hydro has offices and facilities located in local communities across BC.

Physical Workplace
BC Hydro's physical workplace is rated as above-average. Their employees are located at generating facilities and field offices in local communities across BC. The employees that are located in the Greater Vancouver area work from major offices in Vancouver and Burnaby, surrounded by public transit, restaurants, public shopping, and public parks. The public utility is planning to build all new office facilities to the Leadership in Energy and Environmental Design (LEED) Gold standard. The head office also holds an onsite fitness facility, physiotherapy services and more.

Work Atmosphere
BC Hydro's work atmosphere is rated very good. The employees are allowed to dress casual, they can listen to their own music while working. There are also social gatherings such as holiday parties and celebrations.

Financial Benefits

BC Hydro's financial benefits are rated as above-average. To keep salaries competitive, the company participates in outside salary surveys every year.  BC Hydro provides signing bonuses for some employees, year-end bonuses for all employees, defined benefit pension with employer contributions, as well as life & disability insurance.

Health

The health and family benefits are very good.  All plans offer flexibility through varying levels of coverage, from no coverage to extended levels of coverage for employees and their families. There is no waiting period before coverage begins. The health plan also includes retiree coverage with no age limit. The basic plan includes routine dental, restorative dental, orthodontics, traditional medicine coverage, alternative medicine coverage, massage therapy, medical equipment and supplies, employee assistance (EAP) plan, and travel insurance.

Employee Engagement
Their engagement is rated as average. New employees receive 3 weeks of vacation allowance after their first year. Vacation increases after 10 years on the job. Long-serving employees receive a maximum of 6 weeks of vacation each year. Employees can also apply for an unpaid leave of absence. Employees can also schedule up to 20 paid personal days off every year. After their first year on the job, paid vacation increases by one day after every 2 years of continuous employment.

Training

BC Hydro's training and skills development program is rated as exceptional. Employees receive tuition subsidies for courses related to their position.BC Hydro supports employees' career development with subsidies for professional accreditations, in-house apprenticeship and skilled trades internships, in-house training programs, online training programs, and more. The organization offers a graduate technologist-in-training program for candidates in the engineering, operations and electrical systems maintenance and repair fields.

Community Involvement

BC Hydro's community involvement program is rated as very good. BC Hydro supports local and national charitable organizations. Employees take part in the selection of charitable groups assisted each year. The public utility and its employees volunteer and support organizations such as the Vancouver YWCA, Habitat for Humanity and the BC-based Minerva Foundation. BC Hydro also maintains on focus energy conservation and environmental sustainability initiatives and supports and encourages individuals to incorporate energy conservation into their everyday lives.

Entrepreneurial Seminar Notes

• The basics of entrepreneurship: sense of mission, customer/product vision, high speed innovation, and self-inspired behaviour.
• "The inclination of my life has been to do things and make things which will give pleasure to people in new and amazing ways. By doing that I please and satisfy myself." - Walt Disney
• Steve Jobs: The managers knew how to manage, but they couldn't do anything. (Apple Computer)
• Sense of mission: leaving footprints in the sand
• be excited, love your business! this is important stuff.
• "Fall in love with your business" - George Tidball, Founder of Keg Restaurants.
• "I was convinced we were doing something that had tremendous significance in the world." - Ben Tregoe
• Sense of Mission: creating high purpose and high standards.
• don't do average work, do excellent work.
• "Our duty as industrialists is to produce goods for the public, and to enrich and make happier all those who use them." - Konosuke Matsushita (Panasonic)
• To create your business plans you must question yourself: What do I like to do? What Am I Good at Doing? What does the market need? What competitive position would I have? and what capabilities and cash must I have?
• Creating Entrepreneurial Business Plans: A matter of Survival, It's not a "project", focus on customers, focus on products, and the criteria that count.
• In a high competitive position, you will have a high market need.
• Bigger is NOT better.
• 33% of the Excellent Co's('62-'84), 84% of the 100 Biggest Co's(1990-2000), 70% of the Fortune 500 (1955-2006)
• started out entrepreneurial, became managerial.
• LIFE CYCLE OF ORGANIZATION: 1. Start up, 2. High Growth, 3. Decline, 4. Survival
• "everything that can be invented has been invented." - Charles Duell Director. (US Patent Office, 1899)
• I'm Okay, you're okay. (1st deadly sin) this produces terminal inaction --> we are not okay, we are NEVER okay.
• crisis, and a sense of urgency are necessary for organizations to grow.
• One Best Way (2nd deadly sin) - Silences workers forever, kills innovation.
• Out of touch with competitors and customers (3rd deadly sin) - your next great idea comes from competitors and customers.
• Centralize everything (4th) - this is all about controlling things, is bigger actually better?
• when in doubt - decentralize.
• Branson - when he sold Virgin Records, it was made up of 50 different record companies with no more than 60 employees in each.
• Lab in the Woods (Scientists take over) (5th)
• Idea of having an innovation team out in the woods away from the hustle bustle of business allowed for creativity.
• Best ideas come from the factory floor, lunch brainstorming with salesman and face to face meetings with unhappy customers. (McDonald's)
• Marketing takes over or salesmen take over  (6th)
• opposite to lab in the woods
• not product specialist, you need both scientist (product specialist) and salesman (customer specialist) working together.
• Senior Management disconnected (7th)
• MBA Syndrome: sit in corner office and make decisions, disconnect from factory floor, customer.
• Sears was the largest retailer, then it built the World's tallest building in Chicago, lost connections to customers. In comes Wal-Mart.

Entrepreneurial Seminar Notes

John D. Rockeffeller

• Student voted most likely to succeed.
• His grandfather was known as the world's first billionaire.
• his family was criticized for their reputation.
• With little capital, anyone could strike it rich with oil.
• John Davidson Rockefeller wanted to control things his own way, and wanted to rationalize them.
• Rockefeller created Ledger A counted every penny coming in, and every penny going out.
• in 1865, he went into a partnership with Samuel Andrews.
• $100,000 driller--> refiner
• the cheaper it costs, the greater it's profits.
• the company grew by building up refineries.
• bought out competition by offering his stock.
• never lost his deep commitment to religion.
• Rockefeller in 1882 moved his company to New York.
• paid for a black woman's freedom
• established a college for black women in Atlanta.
• In 1889, he donated $600,000 to a college.
• the only reason he gave lots of money because he had a sense of responsibility to use his money intelligently.
• he became the perfect example of capitalism gone mad.
• Roosevelt was a big enemy of the big business trust.
• in 1909, the Supreme Court came in to bring the Standard oil down.
• 34 different companies were created out of Standard Oil, and John D. got a piece of every one of them.
• He had become so despised, he hired Ivy Lee to change him into a "sympathetic figure" to the public.
• Rockefeller became to be known as the man who gave out dimes.
• handed over his business affairs to his son Rockefeller Jr.
• Rockefeller Jr. was required to keep a ledger.
• Rockfeller's wife refused to keep a ledger after he suggested it to her.
• In the early 1900's, Rockefeller Jr. had a nervous breakdown and eventually gave up his work.
• 75 in total were killed in the "Rockefeller War"
• Rockefeller Jr. visited all of the camps and brought improvement to the mines.
• May 23 1957, Rockefeller died.
• Jr. believed that every plant, every rock etc. had their own spirit.
• 1948 Abby Rockefeller died of a stroke.
• John D. Rockefeller Jr. died in 1960.
• All of John D. Rockefeller Jr.'s children became very successful.
• No other family in America has come close to establish the same power as the Rockefeller's.

What I learned:

Rockefeller became one of the most successful people in all of history. Although he was given a bad reputation, Rockefeller rose above it and still continued to be successful and was the first billionaire in all of America. With the help of oil and the branches of it such as Sohio and Chevron, Rockfeller received his own portion of the income from these companies, making him even more rich with his business. Therefore, I have learned that there are many aspects of business, and anyone can be successful even with a bad reputation.

Notes on Richard Branson

• Richard has almost 40 companies under Virgin such as Virgin Cars, Virgin Cosmetics, and Virgin credit card.
• "If you can run one company, you can really run any." - Richard Branson
• There's a very thin line between success and failure.
• he sold his record company at the peak where it had it's greatest value, where Napster and all the other big music companies came into the business world.
• Virgin stands for quality.
• Total revenue: $25 billion.
• Total employees: 55 thousand.
• In the process of building a spaceship. (Virgin Galactic).
• Richard was dyslexic, failed IQ tests, dropout in high school, and a rebel. 
• If he wasn't interested in something, he wouldn't grasp it.
• he didn't understand net and gross income until he was 50 years old.
• Wasn't allowed to go on bike rides and watch television.
• His mother pushes him out of the door at a young age, and tells him to find his way home to his grandma's house.
• Richard has been in prison first before becoming a millionaire.
• If you treat people well, people will come back for more.
• In order to become a successful business person, is to treat people fairly well.
• extreme wealth -> extreme responsibility.
• Richard is 56 years old.
• War Room: solve Africa's social problems.
• live life to it's fullest and make a difference.
• "first to know, first to handle." A great principle in helping with customer service.
• An unhappy customer will tell 10 people about a problem, while a satisfied customer will tell only 4 people about a good experience.

I have learned, from Richard Branson, that success can come from the smallest things. As a person who dropped out of school, had dyslexia, and failed IQ tests, he eventually became one of the most well known millionaires in the world. When Richard said, "there's a very thin line between success and failure" this gives people and entrepreneurs the motivation to take that leap to go for that extra mile and pursue their goals and dreams. Richard seemed to get where he is today by patience, respect, and being open minded. Like Branson said, "in order to become a successful business person, is to treat people fairly well."

24 Rule.

So far in today's ENT 12, we have learned about the 24 rule. The 24 rule gives us the certain amount of time (24 hours) to tell someone we have gotten hurt if we have got into argument with them, if we don't tell that person within 24 hours, we lose the right to be hurt. I have learned this in Accounting 11, and have used it with my family and friends. It has helped me build closer relationships with them and gives us both the chance to confront each other if one of us is hurt.

Second day at Entrepreneurship 12

Today in Entrepreneurship 12, we began to track stocks on finance.yahoo.com. The company I picked was Walt Disney Co.I found out today that the market capital of the Disney is $75.5 billion dollars.