Transcript
Presented By:Will MacMillan
RISK is not a 4 Letter WordExploring the Realm of Youth Entrepreneurship
Before we begin…
• Quick Poll…
Agenda• Who am I?
• Why am I here?
• What is Entrepreneurship?
• What is Risk?
• What are we going to do about it?
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
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CPP cont…• 1980-CPP expands to
the US
• 1989-Greig sells CPP to the FirstService Corporation
• 1989-CPP establishes the Leadership Development Program
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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
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• World has become more fearful
• Less stability
• Greater uncertainty
• Higher Unemployment
So Why Am I Here?
http://www.npr.org/blogs/money/2011/09/01/140122883/when-the-unemployed-become-effectively-unemployable
So Why Am I Here?
What To Do? My Two Cents
• We need more “doers” and less talkers
• Entrepreneurship ≠ Risk
• Learn to manage risk• Early experience & exposure to
entrepreneurialism
• 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
Entrepreneurship: Some Facts
Thoughts?
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
Experiential Learning
- Ryan Bannerman Associates, Facilitating Powerful Learning Experiences, 2009
The Gap
• Learning & Knowledge deficiency can often lead to the perception of it being riskier
What is “Risk” to a student?
Risk: DefinedRisk is defined as: • exposure to the chance of injury or loss;
danger; hazard.• the possibility of incurring misfortune or loss;
hazard
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.
Not a Couple of Years From Now
• You have some career decisions to make…
– Employee
– Entrepreneur
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• 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)
Entrepreneur vs Employee
• Practice now – get involved
• Gather Advisors & Coaches
• Later you’ll have more to lose
• Become involved in programs that provide you with responsibility
My Advice - Now is the Time
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
• 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
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
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?
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Thank You
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