Tuesday, February 15, 2011

Shark Tank -- Mr. Tod's Pies

Mr. Tod sells more than 3,000 pies per day.
For 460k the Sharks would get a 10% stake in the company, which puts his company valuation at 4.6 million.
He made 850,000$ in pies, and gets 20% of profit.
He would use 300,000$ of the Sharks money for a big producer factory and the rest would be for marketing.
His one pie (sweet potato) brings in 94% of his wholesale profit and the rest of the % comes from his other 30 recipies.
Daymond and Barbara counterd his offer of 460k for 10% with 460k for 50% of his company.
His strengths of his business was the sweet potato pie, but the weakness' was the other pies which of 34 recipies only brought in 6% of his wholesale profit.

Friday, February 11, 2011

I'll be back -- Arnold Schwarzenegger

Arnold made his way to America with only a gym bag, he popularized a sport that was riddiculed, became the highest grossing actor of all-time and became a govenor. Arnold was born in 1947 without heat, or a fridge. His father was a champion of curling, and Arnold enjoyed the outdoors. His father favoured Arnolds older brother and made Arnold work for his things. Arnold was a very good soccer player, and one day when his coach took him the gym and stood in awe of the hulking body builders. He said when he was 15 he would be the best body builder in the world. He always liked to see movies and after he became a famous body builder he would become a famous movie actor. His father made Arnold allowed only to work out 3 times a week but Arnood built his own gym in his barn. From age 14-18 his life was the gym and then when he was 18 for his compulsory military training. In 1966 when he won the Mr. Europe body building contest he was already a legend in Austria and Germany. When he was 19 he won 2nd place in the Mr. Universe contest, in 1967 he bought his own gym, and was very famous in Europe. At the age of 20 he became the youngest Mr. Universe of all-time. In 1968 he won his frist professional Mr. Universe. In his first American Mr. Universe he became 2nd, he was crushed and swore he would never lose again. Joe Weider (Canadian) became Arnolds mentor and taught him about not only bodybuilding but also business. In 1969 he won his first IIFB in New York, by 1970 he capture the Mr. Olympia trophy and held it for a record 6 years. In 1075 he retired from bodybuilding, and became a promoter for the sport. In 1974 he began acting lessons to make an impression on hollywood, his first feature film Conan brought in over 100 million dollars. After Conan, Arnold was offered the role in the Terminator. After many more successful movies he had ahuge box office flop in the Last Action Hero. But after he responded with another winner in the James Bond spoof True Lies.

Conclusion: In conclusion Arnold was a very successful man in many things in his life, he helped shaped a sport that was riddiculed, became a very  popular movie star, and eventually a popular govenor. But what makes Arnold stand out his is ability to put someone else before himself, and care for the people around him. What I have learned from the Arnold movie was to set goals for myself and try to achieve them no matter what stands in my way and never give up even when im faced with a problem.


Thursday, February 10, 2011

Canada's Top 100

Bombardier Aerospace
  1. Why they were chosen - lets employees share in the company's success through a share purchase plan available to all employees as well as offering a defined benefit pension plan
  2. Background - Bombardier Aerospace is one of the world's largest civil aircraft manufacturers with manufacturing, engineering and services facilities in 29 countries. Established in 1942, the publicly-traded company is one of the world's largest civil aircraft manufacturers operating in 22 countries and with over 28,000 employees. Bombardier Aerospace maintains engineering and manufacturing sites in Canada, the United States, the United Kingdom, and Mexico.
  3. Physical Workplace - Bombardier Aerospace's physical workplace is rated as above-average. Bombardier Aerospace's head office is a custom-built nine storey building, situated adjacent to their major onsite plants. The main building is connected to the airport runway, from which company owned shuttles travel between Montreal and their primary North American sites, Toronto and Kansas. Located in a suburban environment, the head office features an Employee Service Center where employees can drop in or call to inquire and receive information pertaining to human resource practices.
  4. Work Atmosphere - Bombardier Aerospace's work atmosphere is rated as very good. Employees have varying dress restrictions based on their position, but most dress in business casual attire with "dress-down Fridays" on an ad hoc basis. Employees may also listen to music while working and participate in employee sports teams.
  5. Financial - Bombardier Aerospace's financial benefits are rated as above-average. To keep salaries competitive the company participates in outside salary surveys every 12 months. Individual salaries are reviewed every 12 months. In addition to ensuring competitive compensation rates, Bombardier provides signing bonuses for some employees; share-purchase plan for all employees; defined benefit pension plan; and life and disability insurance.
  6. Health - Bombardier Aerospace's health and family benefits are rated as very good. Bombardier operates three health benefit modules which correspond to increasing levels of coverage. As part of the health plan, the employer pays 95% of the premiums. The waiting period for new employees is 90 days. There is no waiting period before coverage begins. Employees receive full family coverage on the health benefits plan. The basic plan includes routine dental; restorative dental; orthodontics; eyecare ($250 every 2 years); traditional medicine coverage; alternative medicine coverage; medical equipment and supplies; homecare; employee assistance (EAP) plan; travel insurance.
  7. Employee Engagement - Bombardier Aerospace's employee engagement program is rated as above-average. Employees receive individual performance reviews every 6 months. Managers receive training in how to conduct effective performance reviews. Performance feedback is also solicited from co-workers and other managers familiar with each employee's work.
  8. Training - Bombardier Aerospace's training and skills development program is rated as exceptional. Employees receive tuition subsidies for courses related to their position. Employees may also receive tuition subsidies for courses unrelated to their current position. In addition to tuition subsidies, Bombardier also provides subsidies for professional accreditations; in-house apprenticeship and skilled trades internships.
  9. Community Involvement - Community Involvement
    Bombardier Aerospace's community involvement program is rated as very good. Bombardier Aerospace and its employees support a variety of local, national, and international charities. Employees take part in the selection of charitable groups assisted each year. Each year, employees organize multiple fundraising activities to benefit Centraide/United Way, and are involved in numerous other community initiatives.

BC Hydro
  1. Why they were chosen - encourages employees' ongoing development with generous tuition subsidies, in-house and online training programs, and subsidies for professional accreditation
  2. Background - BC Hydro generates and distributes electricity to residents in British Columbia. The provincial Crown corporation is one of Canada's largest public utilities, operating 30 hydroelectric facilities (which produce 80 percent of the province's electricity), two gas-fired thermal plants and one combustion fuel turbine station. In addition to its primary offices in Vancouver and Burnaby, BC Hydro has offices and facilities located in communities across the province.
  3. Physical Workplace - BC Hydro's physical workplace is rated as above-average. Employees are located at generating facilities and field offices in communities across the province. Employees living in the Greater Vancouver Area work from major offices in Vancouver and Burnaby close to public transit options, restaurants, shopping areas and parkland (including Stanley Park). The public utility is planning to build all new office facilities to the Leadership in Energy and Environmental Design (LEED) Gold standard.
  4. Work Atmosphere - BC Hydro's work atmosphere is rated as very good. Head office employees enjoy business casual dress; casual dress Fridays; can listen to music while working; employee sports teams. Social gatherings are organized by individual departments, and include holiday parties and other team recognition events.
  5. Financial - BC Hydro's financial benefits are rated as above-average. To keep salaries competitive the company participates in outside salary surveys every 12 months. Individual salaries are reviewed every 12 months. BC Hydro provides signing bonuses for some employees; year-end bonuses for all employees; defined benefit pension with employer contributions (up to 10.7% of salary); life & disability insurance.
  6. Health - BC Hydro's health and family benefits are rated as very good. The public utility has separate health benefits plans for its union (COPE and IBEW) and non-union personnel. All plans offer flexibility through varying levels of coverage, from no coverage to extended levels of coverage for employees and their families. There is no waiting period before coverage begins.
  7. Employee Engagement - BC Hydro's employee engagement program is rated as average. Employees receive individual performance reviews every 6 months. Managers receive training in how to conduct effective performance reviews. Performance feedback is also solicited from co-workers and other managers familiar with each employee's work.
  8. Training -BC Hydro's training and skills development program is rated as exceptional. Employees receive tuition subsidies for courses related to their position. (Employers cover up to 100% of tuition). Employees may also receive tuition subsidies for courses unrelated to their current position. (Employers cover up to 100% of non-related tuition). BC Hydro supports employees' career development with subsidies for professional accreditations; in-house apprenticeship and skilled trades internships; in-house training programs.
  9. Community Involvement -  BC Hydro's community involvement program is rated as very good. BC Hydro supports local and national charitable organizations. Employees take part in the selection of charitable groups assisted each year. The public utility and its employees volunteer and support organizations such as the Vancouver YWCA, Habitat for Humanity and the BC-based Minerva Foundation, to name a few.

Goldcorp Inc.
  1. Why they were chosen - encourages its employees to save for retirement with generous matching RSP contributions and lets its head office and senior management employees share in the fruits of their labours through a share-purchase plan
  2. Background - Goldcorp Inc. is one of the world's largest gold mining companies, with operations in Canada, Argentina, Mexico, Guatemala and the United States. In addition to mining, the publicly-traded company is also active in exploration, extraction, processing and reclamation activities.
  3. Physical Workplace - Goldcorp's physical workplace is rated as above-average. Located in the heart of Vancouver's Financial District, Goldcorp's head office occupies the top two floors of the 35-storey Park Place office tower. Within easy walking distance of a Skytrain station and Stanley Park, the head office features an onsite fitness facility (with subsidized memberships, treadmills, stationary bikes and shower facilities); self-serve lunchroom (with lunch deliveries, free fresh fruit, coffee and tea); concierge services available; transit subsidies.
  4. Work Atmosphere - Goldcorp's work atmosphere is rated as very good. On-the-job, employees enjoy business casual dress; casual dress Fridays; can listen to music while working. Throughout the year employees gather for a variety of fun social events, including an annual Christmas party and luncheon, a family Christmas party hosted at the Vancouver Aquarium, golf tournament and dinner and the "Bard on the Beach" outdoor dinner theatre.
  5. Financial Benefits - Goldcorp's financial benefits are rated as very good. To keep salaries competitive the company participates in outside salary surveys every 12 months. Individual salaries are reviewed every 12 months. Employees may also recieve signing bonuses for some employees; year-end bonuses for all employees; year-end bonuses (to $28,000); share-purchase plan for all employees; matching RSP contributions (up to 9% of salary); life & disability insurance.
  6. Health - Goldcorp's health and family benefits are rated as above-average. Goldcorp's health benefits plan is managed by Great West Life. As part of the health plan, the employer pays 100% of the premiums. Employees who work 20 hours per week receive coverage
  7. Employee Engagement - Goldcorp's employee engagement program is rated as very good. Employees receive individual performance reviews every 6 months. As part of the review process employees can provide confidential feedback on their manager's performance. Exit interview provided for departing employees; Goldcorp sponsors its own in-house employee satisfaction survey.
  8. Training - Goldcorp's training and skills development program is rated as very good. Employees receive tuition subsidies for courses related to their position. (Employers cover up to 100% of tuition). In addition to tuition subsidies, the company also supports ongoing career development with subsidies for professional accreditations; in-house apprenticeship and skilled trades internships; in-house training programs; online training programs; formal mangement training program
  9. Community Involvement -
    Goldcorp's community involvement program is rated as average. Employees at Goldcorp are invited to make suggestions regarding what charitable organizations they would like to support. The requests are reviewed by a sponsorship committee that decides if the initiative aligns with the the company's community initiatives. Employees also receive 2 paid days off to volunteer.

Friday, February 4, 2011

John D. Rockefeller

In 1865 Rockefeller went into business with a very established oil man, but instead of drilling for oil he would rather refine it. His business would grow and they would actually start to make their own oil barrels. He made oil cheaper then it ever was, and in 1870 Rockefeller was a millionaire. His best importer was the railroad company. By 1880's standard oil was the biggest oil company in America. Rockefeller would usually buy out the competers and would offer the choice of money or stock in Standard Oil, which would create many of millionaires. He was a philanthropist, he developed a school only for black women in Atlanta, named Spellman College. People thought his charitable way was to atone for his sins well he was in Standard Oil. Rockefellers name was synamous with pure evil and was the most hated man in America and maybe the World. They broke up standard oil and 34 new companys were made but Rockefeller had shares in all of them. Soon the Rockefeller name became a symbol of value and something for the rich. In John Sr. last years of life he handed his business to his son John D. Rockefeller Jr., Sr. made sure his son was well accounted for and made him keep a ledger, and was so frugle that he managed Brown University's football team. Junior was given all of the Rockefeller business in 1910. John Sr died at the age og 97 in 1937 signaling an end of an era.

Summary: John Rockefeller was America's first millionaire and has set the gold standard for businessmen/woman around the world. He gave back as much as he could and in the end did the best thing for him and his family. His son was the more philanthropic one, and eventually gave the area for the UN building, bout and sold Yellowstone national park along with Yosemite national park.

Richard Branson

Businessman Richard Branson started the Virgin Company very small but now has branched out to 20+ smaller sub-business'. Branson believes that if you can run one company, you can run many more. He get's the idea for his smaller Virgin sub-business' is by what his ideal for (i.e. a bad air plane flight (Virgin Airlines). He sold his record company when it was at it's peak, to protect the jobs for his Virgin Airlines, which turned out to be a financial success since the invention of Napster and online downloading of music. In total Virgin Company is worth 35 billion dollars and employs over 55,000 employees. Branson is currently working on a project to send people to space in a comfortable space shuttle type of veichle. Branson himself is known as a risk taker, he claims that in his adventures there were 6 times that he believed he was going to die, one of those times was when he tried to fly over the Atlantic Ocean in a hot air balloon. When Branson was a child in school he was dyslexic, and it forced him to drop out of school at the age of 15. Branson is described as a natural since he wasn't well in school he was did very well in sports, such as Rugby and Swimming.

Wednesday, February 2, 2011

24-Hour Rule

Today, in Entrepenuership we learned about the 24-hour rule. The rule is that if someone tell's you something you don't like, you have 24 hour's to tell them or you lose the right to be hurt. This rule is something people can implement  in any kind of setting whether it be school, at home, or in the work place it is a great idea that should be used.

Tuesday, February 1, 2011

Stock Tracking

Today, I started to track the stock for Exxon Mobil. They are doing quite well for themselves, the market cap is 423 BILLION DOLLARS!?!?!? Their track is steadily climbing but it does have a few drop's here and there.