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Everything I Needed to Know About Business...I Learned from a Canadian 2nd Edition PDF

365 Pages·2009·1.21 MB·English
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EVERYTHING I NEEDED TO KNOW ABOUT BUSINESS... I LEARNED FROM A CANADIAN Leonard Brody and David Raffa SeconD eDition Copyright © 2009 by Leonard Brody and David Raffa All rights reserved. No part of this work covered by the copyright herein may be reproduced or used in any form or by any means—graphic, electronic or mechanical without the prior written permission of the publisher. Any request for photocopying, recording, taping or information storage and retrieval systems of any part of this book shall be directed in writing to The Canadian Copyright Licensing Agency (Access Copyright). For an Access Copyright license, visit www.accesscopyright.ca or call toll free 1-800-893-5777. Care has been taken to trace ownership of copyright material contained in this book. The publisher will gladly receive any information that will enable them to rectify any reference or credit line in subsequent editions. Library and Archives Canada Cataloguing in Publication Data Brody, Leonard Everything I needed to know about business…I learned from a Canadian / Leonard Brody, David Raffa. — 2nd ed. Includes index. ISBN 978-0-470-15975-0 1. Success in business. 2. Management. 3. Success in business—Canada. 4. Management—Canada. 5. Entrepreneurship— Canada. 6. Businesspeople—Canada—Biography. I. Raffa, David II. Title. HF5386.B842 2008 658.4 C2008-906495-X Production Credits Cover design: Graham Dobson Interior text design: Natalia Burobina Printer: Tri-Graphic Printing John Wiley & Sons Canada, Ltd. 6045 Freemont Blvd. Mississauga, Ontario L5R 4J3 Printed in Canada 1 2 3 4 5 TRI 13 12 11 10 09 As I write this flying 37,000 feet in the air somewhere over Thunder Bay, I am smirking as I remember my promise to my Editor to keep this short…..sorry Karen. I dedicate this book to the teachers in my life who have always pushed me to be a better student: To my mother Esther for showing me what it truly means to be an entrepreneur. To my father Irwin for teaching me the fine art of resiliency. To my sister Lisa for her fortitude and courage. To my niece Natalie for finally showing me the meaning of the word ‘love’. To my grandparents, Yona-Moshe, Manya & Lajos for watching over me and making me desperately want to be a better person in preparation for that spe- cial day when I get the chance to meet them. To my step brother & sister Noel and Moira for reminding me that family is more than blood. To my cousins Randy, Cara, Shauna, Mark, Brian, Marilyn, Didi, Wendy, Leslie, Karen and Marla for showing me what it means to cherish and forgive your parents. To my Aunty Cecile & Uncle Aaron for giving me the gift of a Jewish educa- tion when it truly wasn’t in my reach. To my brothers from another mother: Morty, Harry, Lance, Ben, Nathan, Yuck, Phil and Mitch for constantly reminding me how truly meaningless this all is and that hanging out is really all that matters. To the cities of Tokmak, Odessa, Melitopol & Tel-Aviv for the gift of knowing where I came from and for the stark reminder of just how lucky I am to be a Canadian. Finally and sadly, I dedicate this book to the memory of: My Aunty Betty Shapiro, you were always like a mother to me. You are so missed. My cousin Israel Asper, thank you for believing in me. I carry your words with me everyday. Leonard Brody I would like to dedicate this book to the women in my life. To the loving memory of my mother, Anne Raffa, who taught me so many valu- able lessons, which I carry with me to this day, and who encouraged me to go above and beyond. I miss you Mom. To my wife, Louise, my best friend and soul mate. Mama Gator, you continue to inspire me, thrill me, surprise me, love me and support me. Without you, none of it would have been possible, and none of it would matter. I so look forward to our continuing our excellent adventure together. To my three incredible, spirited, adventurous daughters, Lindsay, Rachel and Carmen. You are the greatest gifts I have ever received. Go do crazy things that inspire you, excite you, thrill you and scare you. You girls rock. You are the fuel that feeds my fire. David J. Raffa Contents Foreword vii Introduction 1 PaRt One: FiRst PeRiOD: LeaRninG tO sKate 7 Chapter 1: Within These Walls: Place, Harmony and Organizational Design — Moshe Safdie, Architect, Moshe Safdie and Associates 9 Chapter 2: Strength and Endurance: Family Business and the Napoleonic Art of Victory — Ben Weider, Co-Founder, Health and Fitness 25 Chapter 3: Bliss Girl: Bootstrapping Rhinestones into Diamonds — Marcia Kilgore, Founder, Bliss Spa 43 Chapter 4: Success Toolbox: How Mindset and Outlook Can Impact Performance — John Assaraf, Founder, OneCoach 59 Chapter 5: What’s Next with Debbie Landa, Founder of DealMaker Media 75 PaRt twO: seCOnD PeRiOD: the BRanD 79 Chapter 6: Brand Era: Creating and Delivering the “Big Idea” — Brian Fetherstonhaugh, CEO, OgilvyOne Worldwide 81 Chapter 7: Pitching Up the Wazoo: Managing Communications in the New Media Millennium — Bonnie Fuller, Editorial Director, American Media, Inc. 99 Chapter 8: On Underwear and Seduction: The End of Selling in a World That has Everything — Nick Graham, Founder, Joe Boxer 117 Chapter 9: Your Host: The Complexity of Being Known for One Thing — Isadore Sharpe, Founder, Four Seasons Hotels 133 Chapter 10: What’s Next with Stewart Butterfield, Founder, Flickr 149 PaRt thRee: thiRD PeRiOD: the eLusiveness OF ChanGe anD time 153 Chapter 11: Magnificent Obsession: How the Relentless Pursuit of Vision Can Change the World — Geoffrey Ballard, Founder, Ballard Power Systems 155 vi Contents Chapter 12: While the World Was Stacking: Convergence — Success and Exploration in the Second period — Leonard Asper, CEO, CanWest Global Communications 173 Chapter 13: Moving an Elephant with a Mouse: Changing the Unchangeable — Rob McEwen, Chairman & Founder, Gold Corp 191 Chapter 14: Speed Thrills: Growth from Zero to a Billion, Craig Dobbin — Founder, CHC 209 Chapter 15: How to Sell Your Company Without Really Trying — And Do It In One Week — Leslie Dan Chairman and Founder, Novopharm 227 Chapter 16: Technology Revolution: How the Net Generation Is Changing the World, and Why Businesses Need to Pay Attention — Don Tapscott, Author, Grown Up Digital, Wikinomics 243 Chapter 17: What’s Next with Garrett Camp, Founder, StumbleUpon 259 PaRt FOuR: OveRtime: vaLues, CuLtuRe anD what YOu stanD FOR 263 Chapter 18: Do’h!: Five Lessons Homer Simpson Taught Me about Teamwork — Joel Cohen, Producer, The Simpsons 265 Chapter 19: Managing the Perfect Storm: Leadership when the Chips Are Down — Paul Tellier, former CEO, CN Rail and Bombardier 281 Chapter 20: The Grandeur of Simplicity: Have Fun, Make Money and Grow — Jim Pattison, CEO, Jim Pattison Group 297 Chapter 21: Declaration of Independence: The Value of Values — Terry McBride, CEO, Nettwerk Music Productions 311 Chapter 22: Teach Them to Fish: The Critical and Timely Rise of Social Entrepreneurship — Jeff Skoll, First Employee and President, eBay 327 Chapter 23: Taking a Stand: The Risk of Speaking Out — Graydon Carter, Editor in Chief, Vanity Fair 343 Chapter 24: What’s next with Craig Kielburger, Founder, Free the Children 357 Afterword by Guy Kawasaki 363 Index 365 About the Authors 374 Foreword BY ANGUS REID i’ve spent a good part of the last thirty years engaged in that quintessentially Canadian passion: trying to figure out what makes us unique as Canadians, especially in relation to our cousins in the USA. Oh, I’ve looked at a lot of surveys, polls and statistics that more or less conform with the established CBC definition of Canadians as a caring, community-minded people who, so far at least, put programs like health care ahead of tax cuts. And I’ve seen some questionable characterizations of Canadian culture when it comes to social issues— contrary to some thinking, we’re not all social welfare cases who want the government to intervene in every aspect of our lives. But if there’s one stereotype about Canadians that’s dead wrong, it’s that we’re a bunch of economic morons who approach the bustling world economy with the acumen of someone who recently fell off a turnip truck. When I was asked to write the foreword to this book on Canadian entrepreneurs, I jumped at the opportunity for two reasons—one po- litical and the other personal. With respect to the first, my motivation was to challenge several myths about the source of Canada’s economic success. We don’t put nearly enough emphasis on the importance of entrepreneurship as a fundamental driver of the Canadian economy. A lot of words have been used over the years to describe Canadians’ national character but here’s one I’ll bet you haven’t heard very of- ten: enterprising. That’s right. Canadians are entrepreneurial, business- minded, resourceful, venturesome—in short, we’ve become a nation of hustlers. And as stories like those presented in this book attest, it turns out we’re pretty good at it. Before I examine the broader issue of entrepreneurship in Canada, a brief note is in order on my personal interest in this subject and my second reason for writing this foreword. Maybe it’s just the company I keep, but I seem to be increasingly surrounded by friends and relatives starting new ventures or at least beginning to tilt their creativity and energy in the direction of new opportunities. Forget about the Survivor series on TV or even Donald Trump’s popular Apprentice program; the biggest entertainment in my house (at least for me!) is the many hours spent listening and learning about the latest small business capers of viii Foreword my son Andrew (market research software for the Internet), son-in-law Grant (small ticket leasing), brother Mark (cell phones and business equipment) or any of several budding entrepreneurs who care to darken my door. There’s no adrenaline rush quite like starting your own business. And nothing is more likely to give you long sleepless nights or turn you into a chronic user of Tums. I’ve had plenty of personal experience in all these departments. In 1979, I made a life-changing decision that I’ve never regretted. I took a big gamble and left my privileged (and tenured) position as a university professor to start my own market re- search and polling company. And I did this in Winnipeg, probably the toughest market in the country to sell those services (because everyone knows each other in Winnipeg and doesn’t need a poll to figure out what the community is thinking!). I didn’t know what a balance sheet was, thought the smiling guy in the corner office at my bank was actually my friend (his name really was Mr. Coffin!) and believed that the best way to bring partners and senior colleagues into my business was to have a lawyer do the negotia- tion. I survived a couple dozen cash flow crises, had my share of per- sonnel problems and dealt with attacks (mostly unfair, but sometimes deserved) from competitors and the odd journalist. But with a lot of hard work, a bit of luck and some fortunate tim- ing, I was able to grow this business from nearly zilch in year one to about $50 million in sales twenty years later. By 1999, the Angus Reid Group had become the largest research company in Canada with of- fices across North America and an annual growth rate of 30 percent. We had a portfolio of blue chip clients and contracts with the likes of London’s The Economist and Atlanta-based CNN. Not bad for a com- pany that was started above a 7-11 in Winnipeg by a kid with a degree in sociology. It turns out that in 1979 I wasn’t the only Canadian starting his own business. Indeed, according to Stats Canada, the country as a whole was experiencing the start of a revolution of sorts—beginning around the time that I was shifting from the ivory towers of academia to the private sector. Throughout most of the 1960s and ’70s, the Canadian and Ameri- can labour forces were very similar, with about ten percent of workers in each country self-employed. But starting in 1979 and gaining mo- mentum as the new millennium approached, self-employment levels in Canada zoomed ahead of those in the USA. Through the 1990s, Foreword ix self-employment growth was responsible for an astounding 80 percent of all new jobs in Canada compared with the US, where self-employ- ment growth hardly made any difference to net new jobs. When the dust started to settle in 2000, US self-employment levels were still at about ten percent of all jobs while in Canada these levels had practi- cally doubled to almost 20 percent. Almost one in five Canadian work- ers were self-employed and, in some provinces, such as BC, this figure approached 25 percent. Based on these figures one might be excused for assuming that matters like small business, entrepreneurship and new ventures would be at the top of the government’s economic agenda. But think again. Until recently, small business was combined with tourism in most provinces as an area of ministerial responsibility. During the 1990s Canada was engaged in what Paul Martin, then finance minister and later our Prime Minister, called a battle for eco- nomic survival. But who really won this battle? Looking back almost a decade some would have us believe that tough economic medicine deserves much of the credit. But what about the literally hundreds of thousands of Canadians who started new ventures after jumping (or being pushed) from the towers of the Canadian business establish- ment? Where’s their monument? During the first decade of the twenty-first century, the Canadian economy has been remarkably resilient. Our captains of industry and politicians of all stripes have been eager to claim credit for Canada’s recent economic successes; but for me, the real story has to do with all those who started new ventures, especially during the 1990s. For those who care to connect the dots it should come as no surprise that a workforce made up of increasing numbers of self-employed is also a workforce where people work harder and smarter in the face of adver- sity and change and aren’t likely to lay themselves off. If Canada’s entrepreneurial revolution has played such a key role in producing a vibrant economy, it follows that public policy must focus on how to nurture and sustain it. Doing so will require attention on two fronts: firstly, recognizing and reinforcing those elements of our society that have helped produce this remarkable transformation; and, secondly, identifying ways to facilitate the further growth and develop- ment of our home-grown enterprises. The reasons for the fairly recent, yet remarkable differences between Canada and the US in the area of self-employment are matters of vigorous debate. But at least two of the unique features of

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"If you want to read about...fascinating can-do business builders by two razor-sharp doers themselves, this is the book. If you want to disprove the ugly myth that 'Canada' and 'entrepreneurial' do not compute in a single sentence, this is also the book. Open it up and get acquainted with a bevy of
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