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How to run a business with loved ones

Date post: 04-Apr-2016
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Highlights from the Sept. 17 Capital Ideas panel on running a family business. Originally published in the Edmonton Journal Business section on Sept. 24, 2014.
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C10 WEDNESDAY, SEPTEMBER 24, 2014 EDMONTON JOURNAL edmontonjournal.com Questions? Contact us at [email protected] “[It’s] your goal to make sure everything works well if you’re both working in the same business.... We’re best friends as well, so I think that really helps when you have that ease of communication.” — Cameron Gertz, co-founder of YEG Live (yeglive.ca) For the full recap of “How to run a business with loved ones,” including video and audio, visit capitalideasedmonton.com/events Here’s what Capital Ideas members took away from the Sept. 17 panel: “The core to any successful partnership is believing equally that you have the same commitment and that you make the same contribution to the company … Ideally you have a partner with a different skill set than you in certain areas so you can cover different parts of the company.” Justine Barber, co-founder of Poppy Barley (poppybarley.com) “If you’re going to go into business with someone you love, you’re going to want to make sure you’re compatible from a work-style perspective.” Sue Heuman, co-owner of Focus Communications (focuscom.ca) “When working with someone you love, being compatible from a work perspective and [having] good communication are key.” Sarah Aaron, policy analyst at the Government of Alberta — alberta.ca “Love hearing the origin story of Poppy Barley at Capital Ideas. If you’re not here, you should check out the podcast later.” Dana Di Tomaso, partner at Kick Point Inc. — kickpoint.ca “Having someone else who is really stressed about your company helps share the load or burden.” Jacqueline Fraser, co-chair of Social Media Breakfast — smbyeg.ca “Compatibility and communication are two of the most important things you’ll need to successfully work with family.” Chantal Beaulieu, director of marketing at ICS Engineering Inc. — icsenggroup.com “How are you structured? Take business seriously. Let things go. Work for your share of the company, and be equal partners.” Kevin MacDonald of PU Technologies — putechnologies.tk “You might argue when you’re in biz with those you love, but those arguments come from a place of passion. It’s healthy!” Puneeta Sandhu McBryan, account executive at Incite — incitemarketing.ca CAPITAL BUZZ: ALSO IN ATTENDANCE: THANK YOU! Wayne Kryzalka, managing director of ATB Business, congratulates door-prize winner Katherine Hutton. The prizes were donated by Mobile Monday Edmonton and the Canadian Cloud Council; Social Media Breakfast Edmonton; and the Edmonton Journal. NEXT EVENT: HOW DO YOU KEEP THE CASH FLOWING? RSVP AT CAPITALIDEAS32.EVENTBRITE.COM WHEN: OCT. 15, NOON TO 1 P.M. WHERE: THE EDMONTON JOURNAL (10006 101ST ST.) How to run a business with loved ones Entrepreneurs reflect on their experiences in working with family PHOTOS BY VICKIE LALIOTIS/CAPITAL IDEAS CAPITAL IDEAS capitalideasedmonton.com PROJECT LEADER: KAREN UNLAND, 780-429-5530; [email protected] Kathy Anders Catherine Armstrong Francois Bourdeau Dene Braaten Sean Capri Odelia Choi Cindy Chopoidalo Karrie Daly Aretha Greatrix Makarand Gulawani Jonathan Hayford Dean Heuman Nnenne Ikejiani Tania Jorgensen Al Kalantar Xenia Kavoun Michelle Kirkwood Derek Koizumi Wayne Kryzalka Crystal Lee Eric Leung Anne-Marie Lindell Mick Lolekonda Glen Mead Laura Milroy Mallory Nault Ashton Paulitsch Shane Pawluk Lam Phan Amelia Poon Jacqueline Poon Jerry Poon Vlad Raivich Melissa Richards Chelsey Smith Trevor Smith Christine Solomon Eric Taylor Don Zinyk
Transcript
Page 1: How to run a business with loved ones

C10 W e d n e s day, s e p t e m b e r 2 4 , 2 0 1 4 e d m O n t O n J O U r n a L e dm o n t o n j o u r n a l . c om

Questions? Contact us at [email protected]

“[It’s] your goal to make sure everything works well if you’re both working in the same business.... We’re best friends as well, so I think that really helps when you have that ease of communication.”— Cameron Gertz, co-founder of YEG Live (yeglive.ca)

For the full recap of “How to run a business with loved ones,” including video and audio, visit capitalideasedmonton.com/events

Here’s what Capital Ideas members took away from the Sept. 17 panel:

“The core to any successful partnership is believing equally that you have the same commitment and that you make the same contribution to the company … Ideally you have a partner with a different skill set than you in certain areas so you can cover different parts of the company.”— Justine Barber, co-founder of Poppy Barley (poppybarley.com)

“If you’re going to go into business with someone you love, you’re going to want to make sure you’re compatible from a work-style perspective.”— Sue Heuman, co-owner of Focus Communications (focuscom.ca)

“When working with someone you love, being compatible from a work perspective and [having] good communication are key.”— Sarah Aaron, policy analyst at the Government of Alberta — alberta.ca

“Love hearing the origin story of Poppy Barley at Capital Ideas. If you’re not here, you should check out the podcast later.”— Dana Di Tomaso, partner at Kick Point Inc. — kickpoint.ca

“Having someone else who is really stressed about your company helps share the load or burden.”— Jacqueline Fraser, co-chair of Social Media Breakfast — smbyeg.ca

“Compatibility and communication are two of the most important things you’ll need to successfully work with family.”— Chantal Beaulieu, director of marketing at ICS Engineering Inc. — icsenggroup.com

“How are you structured? Take business seriously. Let things go. Work for your share of the company, and be equal partners.”— Kevin MacDonald of PU Technologies — putechnologies.tk

“You might argue when you’re in biz with those you love, but those arguments come from a place of passion. It’s healthy!”— Puneeta Sandhu McBryan, account executive at Incite — incitemarketing.ca

CAPITAL BUZZ:

ALSO IN ATTENDANCE:

THANK YOU!Wayne Kryzalka, managing director of ATB Business, congratulates door-prize winner Katherine Hutton. The prizes were donated by Mobile Monday Edmonton and the Canadian Cloud Council; Social Media Breakfast Edmonton; and the Edmonton Journal.

NEXT EVENT: HOW DO YOU KEEP THE CASH FLOWING?

RSVP AT CAPITALIDEAS32.EVENTBRITE.COMWHEN: OCT. 15, NOON TO 1 P.M. WHERE: THE EDMONTON JOURNAL (10006 101ST ST.)

How to run a business with loved onesEntrepreneurs reflect on their experiences in working with family

PHOTOS BY VICKIE LALIOTIS/CAPITAL IDEAS

CAPITAL IDEAScapi ta l id easedmonton .com P R O J E C T L E A D E R : K A R E N U N L A N D, 7 8 0 - 4 2 9 - 5 5 3 0 ; h e l l o @c a p i t a l i d e a s e d m o n t o n . c o m

Kathy AndersCatherine ArmstrongFrancois BourdeauDene BraatenSean CapriOdelia ChoiCindy ChopoidaloKarrie DalyAretha GreatrixMakarand GulawaniJonathan HayfordDean HeumanNnenne IkejianiTania JorgensenAl KalantarXenia KavounMichelle KirkwoodDerek KoizumiWayne KryzalkaCrystal Lee

Eric LeungAnne-Marie LindellMick LolekondaGlen MeadLaura MilroyMallory NaultAshton PaulitschShane PawlukLam PhanAmelia PoonJacqueline PoonJerry PoonVlad RaivichMelissa RichardsChelsey SmithTrevor SmithChristine SolomonEric TaylorDon Zinyk

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