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Jeff Stober: ‘You’re gonna get back what you put into the universe’
Jul. 09, 2017 | The Globe and Mail | SARAH EFRON.
The Globe and Mail
Published Sunday, 6:00AM EDT
Last updated Friday, Jul. 07, 2017 4:51PM EDT
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Jeff Stober is the founder and owner of the Drake Hotel in Toronto. The Drake and its offshoots – the Drake One Fifty restaurant, five Drake General Stores, Drake Devonshire Inn and the new food-focused Drake Commissary – employ more than 500 people.
personal_branding  entrepreneur  restauranteurs  serial_entrepreneur  Toronto  hoteliers  founders 
july 2017 by jerryking
MBA Mondays: Turning Your Team
August 12, 2013 | – AVC | Fred Wilson.

A serial entrepreneur I know tells me "you will turn your team three times on the way from startup to a business of scale." What he means is that the initial team will depart, replaced by another team, which in turn will be replaced by yet another team....Companies scale and the team needs to scale with it. That often means turning the team.

The "turning your team" thing probably makes sense to most people. But executing it is where things get tricky and hard. How are you going to push out the person who built the first product almost all by themselves? How are you going to push out the person who brought in the first customer? How are you going to tell the person who managed your first user community so deftly that their services are no longer needed by your company?

And when do you need to do this and in what order? It's not like you tell your entire senior team to leave on the same day. So the execution of all of this is hard and getting the timing right is harder.
advice  business  scaling  teams  start_ups  Fred_Wilson  turning_your_team  turnarounds  execution  judgment  serial_entrepreneur  think_threes 
october 2016 by jerryking
ClubLink co-founder is obsessed with buying businesses - The Globe and Mail
DIANE JERMYN
Special to The Globe and Mail
Published Friday, Jul. 18 2014
ClubLink  serial_entrepreneur  golf 
july 2014 by jerryking
Munk's Tale
April 19, 2014 | The Economist | Schumpeter
Peter_Munk  mining  moguls  entrepreneur  Barrick  gold  serial_entrepreneur 
may 2014 by jerryking
THE NEXT BILLION-DOLLAR IDEA
September 27, 2013 | Report on Business Magazine | Alec Scott.
The Toronto-Waterloo corridor is one of the top places in the world to start a tech business. We meet some of the geniuses, the mentors and the money men in search of the next big thing
Toronto  Ryerson  OMERS  venture_capital  vc  start_ups  Vidyard  Paul_Graham  Y_Combinator  Keek  serial_entrepreneur  Kitchener-Waterloo  uWaterloo  entrepreneur 
september 2013 by jerryking
Ink Entertainment CEO Charles Khabouth’s 7 tips for success - The Globe and Mail
Jul. 26 2013 | The Globe and Mail | by COURTNEY SHEA.

To come to my party, be in my corner

At the beginning of September my phone starts ringing non-stop. People who I haven’t heard from in months will call because they want to get into a TIFF party at one of my venues. I have my go-to excuses. I’ll say that the company throwing the event has hired private security or that it’s my venue, but it’s not my event. The truth is I can get anybody I want into any event – that’s part of the contract, but I just don’t want to be used. That said, if I have a great client who supports us throughout the year, I am happy to be able to get them into an event. It’s important to recognize the people who keep your business going.
CEOs  entertainment  entertainment_industry  Charles_Khabouth  restauranteurs  meetings  tips  ksfs  entrepreneur  Toronto  TIFF  serving_others  serial_entrepreneur 
august 2013 by jerryking
Dane Atkinson of SumAll, on Making Pay an Open Book - NYTimes.com
By ADAM BRYANT
Published: August 15, 2013

Dane Atkinson, chief executive of SumAll, a data analytics company, says the pay and ownership stakes of all its employees are listed for the entire staff to see
SumAll  massive_data_sets  hiring  start_ups  serial_entrepreneur  analytics  data  transparency  trustworthiness  truth-clarity 
august 2013 by jerryking
So Who Says a New Business Has to Be Small? - NYTimes.com
By ADAM BRYANT
Published: July 11, 2013 | NYT |

Interviews Mike McCue

I just needed to actually build something. And that was a good lesson — do something, build something and everything will happen from there....One of the biggest mistakes I made at Netscape was to focus too much on competition. Microsoft was trying to kill us. And that caused us to think about what we were going to do about Microsoft. What we really should have been thinking was: How do we focus on what our users want? Why did they love our product? How do we make it more of something that they love? So my advice is, every time you have a thought about the competition, replace that with a thought about your customer and you’ll do far better as a business. .... I ask people what’s driving them, and what’s motivating them. I’m looking for answers along the lines of: “I want to be a part of a great team. I want to learn from really great people. I love the people I’ve met here, and I’d love to just be part of this.” I also look for people who are into doing something really meaningful and great. So I’m looking to see if their answers are centered around those two pillars. I’m trying to build a culture that’s focused primarily on the camaraderie of the team, because we’re going on a really big, important and giant journey together.

I don’t hire anyone who doesn’t genuinely share that motivation, no matter how good they are on paper.
Flipboard  entrepreneur  start_ups  lessons_learned  IBM  serial_entrepreneur  new_businesses 
july 2013 by jerryking
The Hidden Costs of Starting a Company - NYTimes.com
June 3, 2013 | NYT | By ADRIANA HERRERA.

A friend of mine, Bobby Matson, founded Startups Anonymous with Diego Prats. They are both entrepreneurs who persevered over the challenges of a failed start-up. Startups Anonymous is a Web site that aims to help start-up founders and employees connect anonymously with serial entrepreneurs about the real challenges they face. After being live for just a few hours, the site had received more than 40 e-mails from founders all over the world eager to connect with someone — an indication of how many isolated people there are trying to figure out the challenges that come with building a start-up.
founders  running_a_business  start_ups  work_life_balance  focus  entrepreneur  hidden  serial_entrepreneur 
june 2013 by jerryking
Steve Hudson: The comeback kid returns to his roots
Oct. 26 2012 | The Globe and Mail | BOYD ERMAN
In 2007 and 2008, the financial crisis hit. All around the globe, banks were pulling back on lending. Not only that, they were putting leasing assets up for sale. A manager with experience in leasing, with relationships at banks and insurers, could buy up leasing companies and fill the gap in the market. Mr. Hudson stepped back from Herbal Magic to start Element.
serial_entrepreneur  Toronto  Boyd_Erman  franchising  equipment  leasing  Steve_Hudson 
february 2013 by jerryking
Venture capitalists and serial entrepreneurs
May 1997 | Journal of Business Venturing | Mike Wright, Ken Robbie, Christine Ennew.

A paper examines the importance of serial entrepreneurs to the venture capital industry, with particular emphasis on those who have exited from an initial investment in the venture capitalists portfolio. and presents a 9-fold classification of types of serial venture. ranging from start-up /start-up through to buy-out/buy-out. The paper addresses the venture capitalists‘ perspective based on a representative sample of 55 venture capitalists. The “U. V - . . I results show that previous experience is only one element considered by venture capitalists in their investment criteria for serial entrepreneurs; that assets of previous experience generally exceed liabilities for serial entrepreneurs; that assets of previous experience generally exceed liabilities for entrepreneurs receiving second time venture capital financing but that serial entrepreneurs do not appear to perform better than novice entrepreneurs in whom venture capital firms invest during the same period.
serial_entrepreneurship  venture_capital  vc  serial_entrepreneur 
august 2012 by jerryking
Serial Entrepreneurs_They're grreat!
January 2001 | Upside | Ed Gubbins, Brian Quinton

Okay. What is it with these people? They suffer the slings and arrows of starting up a business - raising capital. finding a product. assembling a staff - then. when they have amassed their outrageous fortune, they go out and do it all over again. Serial entrepreneurs, they are called - masters of the multiple start-up. Most of them admit that they get antsy when the paperwork blizzard starts to fly and the company gets too big to hold its Christmas party in the back dining room of the local winery. Profiles are presented of 5 serial entrepreneurs: 1. Kirby Pickle. 2. Vern Fotheringham, 3. Rubin Gruber, 4. Mory Ejabat and 5. Jeanette Symons.
serial_entrepreneur  women  profile  entrepreneur 
june 2012 by jerryking
Second Wind
September 2005 | Worth | By Jeff and Rich Sloan.

1. Choose a business (and a role within it) that reflects your personal passion and lifestyle.
2. Spend 20 hours working each week instead of 60.
3. Place the importance of your employees" personal success as your company's financial bottom line
4. Use your VIP status to open doors that most small companies can only dream of opening.
5. Drop the corporate diplomacy you perfected in years past and replace it with straight talk.
6. Hire pcople who not only share your vision but who are willing to take big risks and take your vision to new heights.
7. Set up the company so they can run it.
8. Have fun!
Gulliver_strategies  retirement  Second_Acts  serial_entrepreneur  factoring  passions  passion_investing  lifestyles  seniorpreneurs 
june 2012 by jerryking
"Sailing Was Boring" ProQuest
Leonard, Burr. Forbes140. 2 (Jul 27, 1987): 50.

By 1981, when he decided to retire, Lou Purmort had built US Filter Co., the company he started 28 years before, into one of the largest water and air pollution control companies in the world. Purmort soon became bored with retirement and decided to go back to work. He decided to found American Toxxic Control, a hazardous waste management company that, now, after only 7 months, is already profitable. While most of American Toxxic's competitors specialize in only a few types of toxic waste treatment, Purmort's company will make toxic control equipment and design and build on-site waste management facilities to minimize or recycle all types of toxic waste. Purmort is building American Toxxic as he built US Filter -- acquiring small companies for stock, cash, or both. He first merged American Toxxic Control into a solar energy shell company named Novan. Since then, he has paid 7 million Novan shares and $1 million in cash to acquire 4 engineering and equipment companies, each specializing in a different aspect of waste toxic treatment technology.
ProQuest  retirement  serial_entrepreneur  seniorpreneurs  Second_Acts 
may 2012 by jerryking
Indirect Approach Helps A Start-Up Win Business - WSJ.com
November 11, 2003 | WSJ | By PAULETTE THOMAS | Special to THE WALL STREET JOURNAL.

For start-ups attempting to pitch a sale to a big corporation, it may make more sense to penetrate the target through a side door. Piggyback with a current vendor of record already serving that large corporation.
Aramark  enterprise_clients  foodservice  large_companies  partnerships  serial_entrepreneur  small_business  Sodexho  start_ups  subcontracting 
may 2012 by jerryking
It's hard to make a graceful, final exit
Nov. 23, 2011 | The Financial Times. (): News: p14. |Luke Johnson
Once you have sold you will certainly receive special attention thanks to your "liquidity event". Wealth managers and private bankers will call incessantly, hungry to look after your loot. Charities too will come knocking, hoping you will become a generous philanthropist. Long-forgotten friends will get in touch, happy to rekindle the acquaintance now that you are so evidently rich. New friends may suddenly emerge, keen to help you spend your wealth.

Consequently you will have to learn to say no rather more often, and to spot the phoneys and envy that usually appear. [jk...be conservative, be discerning, be picky, be selective, say "no"]

Over time, probably half of all entrepreneurs who've sold up start a new venture.
exits  entrepreneur  Luke_Johnson  serial_entrepreneur  say_"no"  succession  philanthropy  wealth_management  private_banking  liquidity_events  charities 
november 2011 by jerryking
Have Fun. Start Companies.
December 10, 2006 | New York Times | entrepreneur Kenny Dichter's life story as told to ABBY ELLIN.

We founded Alphabet City Records in 1996, producing music compilations for professional teams.

We became a national company that worked with all the major leagues. Two years later, in 1998, we were purchased by SFX Entertainment Inc., where I met my second mentor, Robert F. X. Sillerman. Bob taught me my second important business lesson: “Have fun. Make money. Have fun making money.
celebrities  aviation  apparel  entrepreneur  private-jets  concierge_services  serial_entrepreneur  mentoring  SFX  music_labels  college_moguls 
november 2011 by jerryking
I'll Be Back -- Delaying Retirement -- Future Planning | Inc.com
Feb 1, 2008 | Inc. Magazine | By Leigh Buchanan |

Business owners may dream of kicking back, all the way back, after years of full-throttle company building. Yet many return to the fray, suffering adrenaline withdrawal and lured by new opportunities. No one has quantified this breed's failure rate when it comes to permanent retirement. But numerous entrepreneurs tell the same tale: "I sold the business and figured I had it made, so I retired. That lasted about three months."...Running a company leaves scant opportunity to personally assist immunization programs in Africa or build irrigation systems in rural Latin America. Yet those are the sorts of experiences that change people and supply direction for meaningful lives, according to Marc Freedman, founder and president of Civic Ventures and author of Encore: Finding Work That Matters in the Second Half of Life. "Join the Peace Corps. Live in a part of the world where there's tremendous need," advises Freedman. "This is your chance to lift yourself out of your comfort zone....For more ideas and insights on creative ways to recharge, take a look at the following books: Encore: Finding Work That Matters in the Second Half of Life, by Marc Freedman; Don't Retire, Rewire!, by Jeri Sedlar and Rick Miners; and Retire Smart, Retire Happy, by Nancy K. Schlossberg.
entrepreneur  books  serial_entrepreneur  midlife  serial_entrepreneurship  retirement  accessories  seniorpreneurs  Second_Acts  purpose  mission-driven 
november 2011 by jerryking
What's Next? Ever wonder what you'd do if you sold your business? These six entrepreneurs have some surprising answers. - April 1, 2004
By Anne Fisher
April 1, 2004

The entrepreneurs mentioned here can easily afford to do whatever they want, including nothing. Yet especially among this group, it seems that the word "retirement" itself needs to go find a rocking chair someplace. There are no statistics on what small-business owners do after they sell their companies--no one is counting, for example, how many launch another startup. But among boomer entrepreneurs, now in their early 40s to late 50s, who built thriving businesses and then sold them or took them public, the idea of idling away the hours is anathema. Instead, most start or buy another business or set out to save the world (or just a small corner of it) through nonprofit work. Or they pursue some combination of the two--often with time left over for that morning tennis match and Tuesday night Hold 'Em....Says Verne Harnish, CEO of Gazelles, an executive-development firm for small to midsized companies: "With the mergers-and-acquisitions market sizzling and big companies trying to buy innovation, right now is the perfect moment to sell a business and go and do something else." ...The answer for most of those type-A personalities is not whiling away time on the beach. (For an exception, see the profile of the retired management-training entrepreneur who, after some difficulty and with practice, has adapted to a life that includes skiing at least 80 days a year.)..."When people ask what I do, my wife tells them I'm a private investor,"
exits  serial_entrepreneur  retirement  Second_Acts  gazelles  small_business  personality_types/traits  seniorpreneurs 
november 2011 by jerryking
Natural-Born Entrepreneur - Lessons of a Serial Entrepreneur -
10/22/2001 | HBS Working Knowledge |by Dan Bricklin
Are entrepreneurs born or made? "Both" says Dan Bricklin, the inventor of VisiCalc and creator of four startups. "Sure, training, talent, and that most elusive component, good timing, are essential. But they are not enough. You need to have a true passion for what you're doing." Bricklin describes his formative experiences and lessons he's learned along the way: Know your true talent, don't wait to get started, be frugal, and recognize that you are not your business.
HBR  serial_entrepreneur  entrepreneur 
november 2011 by jerryking
Eric Lefkofsky, Groupon Founder, on Why Social Media Is Hot - NYTimes.com
By DARREN DAHL
Published: November 17, 2010 PROFILES Eric Lefkofsky, founder of ,
StarBelly, (made tools for building Web sites); InnerWorkings, which
provides printing capabilities over the Web, and Echo Global Logistics, a
transportation and logistics outsourcing business he founded with a law
school friend, Brad Keywell. He also founded MediaBank, which helps
companies buy advertising. In each case, Mr. Lefkofsky used the power of
technology and the Internet to update an industry.
entrepreneur  serial_entrepreneur  Chicago  profile  social_media 
november 2010 by jerryking
Dragon on hunt for 'new product ideas'
Nov 6, 2010. | Financial Times pg. 36 | by Jonathan Moules.
Richard Farleigh, who rose to fame as an investor on the TV show
Dragons' Den, has claimed that he is now busier than ever putting $ into
ambitious start-ups. The serial entrepreneur claimed that now is a
crucial time to be doing deals because so many promising ventures are in
need of cash. "At times like this you have to be investing, rescuing
things and doing good deals," he said. "There are a lot of people out
there that cannot get funding and they are relatively low risk."
Farleigh has made more than 70 investments to date in a variety of
sectors, including the private members' club Home House in London. His
preference is to back disruptive business models where he can help
develop strategy. "The kinds [of businesses] I am interested in are new
product ideas. They can have monopoly pricing and a large share of a
new market."
ProQuest  opportunistic  opportunities  start_ups  serial_entrepreneur  United_Kingdom  angels  ideas  new_products 
november 2010 by jerryking
Serial entrepreneurs profit from past mistakes
Nov. 03, 2010 | Globe and Mail | CATHRYN ATKINSON. While
serial entrepreneurs bring a wealth of knowledge to a start-up in the
same industry, their business skills are applicable across a range of
endeavours.

“I enjoy being able to move between industries,” said Mr. Gustavson.
“There are things you need to learn about specific industries but
customer service is customer service. Whether you’re selling a widget or
foreign exchange, the customer wants to have a positive experience,
have value, and have it delivered on time.”
serial_entrepreneur  serial_entrepreneurship  start_ups  entrepreneur  customer_service  on-time  lessons_learned  mistakes 
november 2010 by jerryking
smSmallBiz.com | Making the Most of Online Matchmaking for Small Firms
August 6, 2007 | Wall Street Journal | By Simona Covel.
There are 99 companies looking for funding for every investor. The best
postings are short ads that are really to the point. Four sentences that
are well-composed will beat four paragraphs every time. It should say:
"This is the industry we're serving. This is the problem we're solving.
And this is how we make money doing it."

A bad posting doesn't give any indication to the investor why they would
want to invest in that company.
small_business  serial_entrepreneur  match-making  online  fundraising  investors  investing  Simona_Covel  angels 
october 2010 by jerryking
In the Hunt - Finding the Path to Success by Changing Directions - NYTimes.com
By BRENT BOWERS
Published: September 9, 2009

Andrew Zacharakis, a professor of entrepreneurship at Babson College
outside Boston, said Scale Computing’s owners followed a classic
entrepreneurial path of shifting gears as necessary to seize real, as
opposed to perceived, opportunities.
entrepreneur  Sequoia  serendipity  serial_entrepreneur  pivots  data_storage  cheap_revolution  massive_data_sets 
december 2009 by jerryking
FT.com / Companies / Telecoms - From fast talk to the joy of text
November 2 2006 | Financial Times | By John Willman. Profiles Christina Domecq of SpinVox
serial_entrepreneur  mobile_phones  text_messages  voicemail 
june 2009 by jerryking
reportonbusiness.com: Charles Sirois: 'You need to be born an entrepreneur'
April 27, 2009 | Globe & Mail | by GORDON PITTS. Interview
with uber-entrepreneur

Mr. Sirois, at 54, recently became chairman of the Canadian Imperial
Bank of Commerce. These days, he gets as big a kick out of mentoring
nascent African capitalists through his Enablis Entrepreneurial Network
as kick-starting ventures of his own.
jck  Gordon_Pitts  Charles_Sirois  risk-assessment  risk-taking  CIBC  serial_entrepreneur  interviews 
april 2009 by jerryking
Niagara's Business Leader - an Interview with Brian Babcock from The Business Link
August 2006| First published in The Business Link, | By Adam Shields

1) be determined and focused 2) be determined and focused and finally 3) be determined and focused.
Brian_Babcock  interviews  introspection  serial_entrepreneur  ksfs  focus  overachievers  high-achieving 
march 2009 by jerryking
TheStar.com | Insight | No ordinary Joe
Mar 22, 2009 04:30 AM | Toronto Star | Cathal Kelly
Article describes how Joseph Mimran of Joe Fresh fame reached pinnacle of Canadian fashion by going down-market
mens'_clothing  fashion  Mimran  serial_entrepreneur  Loblaws  Cathal_Kelly 
march 2009 by jerryking
Striking Out On Your Own
Mar 19, 2009 | Newsweek Web Exclusive| Newsweek's Nick Summers interviews Lynda Resnick.

Now is a good time to start a company, says Lynda Resnick, the founder of Fiji Water and POM Wonderful.
interviews  water  serial_entrepreneur  serial_entrepreneurship  Lynda_Resnick  women  pomegranates 
march 2009 by jerryking
There's no business like your own business
Tuesday, April 17, 2007, The Globe and Mail, Page B10. Profile
of serial entreprenreur Jay Jordon by TERRENCE BELFORD, Special
correspondent.
self-employment  wireless  opportunistic  Guyana  opportunities  serial_entrepreneur  Terrence_Belford  immigrants 
march 2009 by jerryking
FT.com / Columnists / Luke Johnson - Ideas for challenging times
Published: June 17 2008 FT column By Luke Johnson looking at
how emerging companies can generate new ideas. Recommends a little book
called A Technique for Producing Ideas by James Webb Young. Its thesis
is both simple and applicable to many sorts of problems. The central
premise is that any new idea is in fact only a fresh combination of old
elements, plus the ability to see new relationships between known facts.
What every successful business needs is competent execution--you cannot
patent an idea and protect it from replication by a rival. Companies
are increasingly using their customers--social networking-- to help
design their products and improve their offerings.
books  brainstorming  execution  hard_times  ideas  idea_generation  Luke_Johnson  mental_dexterity  mind-mapping  serial_entrepreneur  social_networking  reinvention 
february 2009 by jerryking
The Secrets of Serial Success - WSJ.com
August 20, 2007 WSJ article by By GWENDOLYN BOUNDS, KELLY K. SPORS and RAYMUND FLANDEZ | profiling serial entrepreneurs.
Gwendolyn_Bounds  small_business  serial  entrepreneur  entrepreneurship  Kelly_K._Spors  start_ups  Raymund_Flandez  serial_entrepreneur  serial_entrepreneurship 
february 2009 by jerryking
Shooting for the top shelf
June 18, 2007, G&M article by Marina Strauss. Specific
example of a trend towards higher-end hockey gear. Retailers cashing in
on the reinvention.
big-box  sports  fitness  private_equity  hockey  Marina_Strauss  Jack_Steckel  serial_entrepreneur  retailers 
february 2009 by jerryking

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