Monday, February 28, 2011

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.

Thursday, February 17, 2011

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.

Wednesday, February 16, 2011

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

Tuesday, February 15, 2011

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.

Friday, February 11, 2011

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.


Wednesday, February 9, 2011

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.