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Loyalist Presentation 2012
- 1. RISK is not a 4 Letter Word Exploring the Realm of Youth Entrepreneurship Presented By: Will MacMillan
- 2. Before we begin… • Quick Poll…
- 3. Agenda • Who am I? • Why am I here? • What is Entrepreneurship? • What is Risk? • What are we going to do about it?
- 4. Who am I? 4
- 5. CPP-A Brief History • 1971- Greig Clark started his painting company in Thunder Bay • 1976-CPP expands to 18 franchisees • 1979-Greig is recognized as entrepreneur of the year 5
- 6. CPP cont… • 1980-CPP expands to the US • 1989-Greig sells CPP to the FirstService Corporation • 1989-CPP establishes the Leadership Development Program 6
- 7. The Franchise Company • Network sales of over $1.3 billion • Part of First Service Corporation – (smallest division) • 7 franchise systems, 1 non franchise – College Pro Painters & Window Cleaners, CertaPro Painters, Paul Davis Restorations, California Closets, Pillar to Post, Floor Coverings International, Handyman Connection, Field Asset Services 7
- 8. 8
- 9. So Why Am I Here? • World has become more fearful • Less stability • Greater uncertainty • Higher Unemployment
- 13. So Why Am I Here?
- 14. What To Do? My Two Cents • We need more “doers” and less talkers • Entrepreneurship ≠ Risk • Learn to manage risk • Early experience & exposure to entrepreneurialism
- 16. Entrepreneurship: Some Facts • In the past 2 years, more than 25,000 small businesses began operating in Canada. • In the past year, 45,000 more Canadians have become “self-employed”. • 1 in 4 of these new business owners have post secondary education (double from 1990). • 8% of Canadians are currently self-employed (approx.2,700,000) - Statistics Canada & CIBC World Markets Research
- 17. Thoughts?
- 18. Young Entrepreneurs • Lack experience – How they’re raised? – How they’re educated? • Need depth of skill • Skill + Experience = Performance, fast • Limiting variables = Increased success – Many student entrepreneurship opportunities take advantage of this: service, market, system
- 19. Experiential Learning - Ryan Bannerman Associates, Facilitating Powerful Learning Experiences, 2009
- 20. The Gap • Learning & Knowledge deficiency can often lead to the perception of it being riskier
- 21. What is “Risk” to a student?
- 22. Risk: Defined Risk is defined as: • exposure to the chance of injury or loss; danger; hazard. • the possibility of incurring misfortune or loss; hazard
- 23. Risk: Young Entrepreneur Perspective • It’s not a risk – it’s calculated. Vegas is a risk. Entrepreneurs don’t take risk, we plan and then execute. • You are the risk – you make the decisions. • The opportunity cost associated with pursuing a particular route. • Failure, and the need to start over again.
- 24. What is Failure?
- 25. Not a Couple of Years From Now • You have some career decisions to make… – Employee – Entrepreneur 25
- 26. Entrepreneur vs Employee • What are some of the differences? • Consider risks of both & benefits of both • Tend to focus on losing what we have (or what we think we have)
- 27. My Advice - Now is the Time • Practice now – get involved • Gather Advisors & Coaches • Later you’ll have more to lose • Become involved in programs that provide you with responsibility
- 28. Some Options • SIFE – SIFE Loyalist is a strong, up and coming team • CYBF Start-Up Program – Provides up to $15,000 to start a business • Summer Company – Provides students with $3,000 in financing to help start a summer business
- 29. • We help finance, train & support 800+ franchisees across North America every year • Comprehensive training from start to finish • Real experience – marketing, operations, human resources, accounting… • Our people are road tested. Are you? • If we don’t think you’re ready we will tell you – it’s not for everyone
- 30. College Pro • Take out your phones • If you’re interested in more information text the word Loyalist Your name to 393939 (no cost to you) • In my case I’d text Loyalist Will
- 32. Our Opportunities • Check out www.collegepro.com • Email wmacmillan@collegepro.com • Follow me on Twitter willmacmillan • Facebook • Linked in • Any new social media I’m unaware of? 32
- 34. Thank You
Hinweis der Redaktion
- Rod/Erin/Will—Who are we, why are we here, what is our background. Why Youth Entrepreneurship at CACEE? Entrepreneurship is becoming more commonplace in Canada, and at Canadian post secondary institutions. We are experts in the field of youth entrepreneurship – coaching over 800 young entrepreneurs annually
- Rod/Erin/Will—Who are we, why are we here, what is our background. Why Youth Entrepreneurship at CACEE? Entrepreneurship is becoming more commonplace in Canada, and at Canadian post secondary institutions. We are experts in the field of youth entrepreneurship – coaching over 800 young entrepreneurs annually
- Rod/Erin/Will—Who are we, why are we here, what is our background. Why Youth Entrepreneurship at CACEE? Entrepreneurship is becoming more commonplace in Canada, and at Canadian post secondary institutions. We are experts in the field of youth entrepreneurship – coaching over 800 young entrepreneurs annually
- Reality of increasing entrepreneurs in Canada. Also, reality that many more Entrepreneurs are now University educated, contrary to pre 1990s. - Entrepreneurship Programs are becoming more common place at Canadian Schools. -
- Discussion on “what is Entrepreneurship?”
- The reality of young entrepreneurs – and what they need to succeed, or at least beat the odds of failure in small/new business. College Pro is one example of this (verbal message). We have expertise in this field, we develop young entrepreneurs = fact We have 500 new young entrepreneurs every year – not many companies out there do that
- Discuss added value of real life experience, getting feedback while young – combined with formal education = accelerated learning and performance Reality = Typical University education is low level learning. Speaks to the higher level learning that comes from in field/live experience coupled with coaching/feedback to push the learning and development. This links to our belief in coaching and people development as the key to success. Lecture = 10% retention after 3 months Lab/Demonstration = 32% retention after 3 months Experienced/Repeated = 65% retention after 3 months
- Open, MLG Style discussion with session participants. Perspectives on “risk” to a university student When is the best time in life to take a risk? University – you may drop out/fail out Army – you could die
- From surveys of current young entrepreneurs, and those who started at a young age. What are some thoughts around this? What does this mean to people? These were the condensed themes from current & past young entrepreneurs. #2 – links to the bigger picture: Ties to success in education and career. Doing something for real, with real consequences real learning. How can we as educators and employers help to foster accountability and learning?
- Discuss If you are successful but have no idea how you were successful, were you successful? It’s not replicable, it’s not sustainable.. If someone failed at something, but they learned – is that not success? If you’re not failing, at some level you’re not pushing yourself.
- Reality of increasing entrepreneurs in Canada. Also, reality that many more Entrepreneurs are now University educated, contrary to pre 1990s. - Entrepreneurship Programs are becoming more common place at Canadian Schools. -
- Reality of increasing entrepreneurs in Canada. Also, reality that many more Entrepreneurs are now University educated, contrary to pre 1990s. - Entrepreneurship Programs are becoming more common place at Canadian Schools. -