C4 BUSINESS W e d n e s d a y, J a n u a r y 3 0 , 2 0 1 3 ED M O N T O N J O URNA L e d m o n t o n j o u r n a l . c o m capital Ideas c a pi tali d e ase d mon t o n .c o m 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 How to build a family business Entrepreneurs share lessons on running a company that lasts “When my father was on his deathbed, I thanked him for everything he had done for me, and he said, ‘All I left you was a good reputation,’ as if it was nothing, but it’s been everything.” — Teresa Spinelli, president of the Italian Centre Shop (italiancentre.ca) “I’ve learned every aspect [of my employees’] job, and I help them in every aspect of their job... That kind of attitude is how you keep good employees and gain respect.” — Miles Quon, manager of The Lingnan restaurant (thelingnan.com) “Start with why, and the what and the how will flow from that and you will build with longevity, because you will recognize that the long-term view is in essence far more satisfying than the quick gain.” — Dan Haight, co-founder of Darkhorse Analytics (darkhorseanalytics.com) Watch video excerpts from “Building a family business” at capitalideasedmonton.com/events CAPITAL BUZZ: ALSO IN ATTENDANCE: Here’s what Capital Ideas members took away from the Jan. 23 panel: “Learn every aspect of your business, set up goals, and practise self-cultivation, because your business is you, not just a building.” — Vanessa Amundson, CEO of Alliance Mobile Apps (alliancemobileapps.com) “Employees in a family business need to feel as part of the family or you can risk alienating/losing them.” — Eric Petersen, principal at Prosperity Engine. (@prosperityeng) “To be an entrepreneur, you have to be an optimist... You just have to remember to look at what the goal is and keep working at it.” — Sendioso co-founder Lisa Hryniw (sendioso.com) “Reputation is a huge part of a successful business and longevity. What does your business reputation say about you?” — Wedimg co-founder Stephen Kiers (@StephenKiers) “You carry on your family traditions, but it’s important to establish your own mark and management style.” — Market Makers partner Bruce Lecky “Dan on the panel at #capitalideas builds something meaningful with staff by learning about their values right at the interview stage.” — Teresa Kiyawasew, owner of Kiy HR Services. (@KiyHRServices) “Having patience and not expecting as much from my staff — whether they’re family or not — as I would from myself is key.” — Jacqueline Bernal, founder of Bernal Business Services (paperworkbegone.com) “Respect & perseverance are vital [in] operating a family owned business. Stand firm [with] employees to move forward & value them.” — Nu Skin consultant Linnea Eldred (@LinneaEldred) Kathy Anders Brenda Lund Jerry Aulenbach Alexis MacMillan Russell Bird Rudy Madsen Joanne Blake Kevin Mak Trevor Boller Carmen Morgan Maciej Bukczynski Simon O’Neil Adam Caputo Adam Patterson Gracie DeLorenzo Sandra Pawluk Brandy Dominelli Terry Pithers Kendel Ferrier Jacqueline Poon Janice Funston Kinman Quon Meagan Gabert Barbara Reppert Darwin Holm Puneeta Sandhu Tanya Holm Lauren Sergy Joveena Holmes Andrea Spevak Wade Kelly Catherine Vu Jim Kostiuk Mai Yeung Stacey Lafrance Pamela Young Yuxi Li Joe Wasylyk Manchi Lo THANK YOU! Scotiabank small business account manager Adam Caputo presented four lucky draw winners with prizes from Duchess Bake Shop, The Common, Lux Beauty Boutique and Chicken for Lunch. If you would like your business to be involved in the Scotiabank draw, contact us at hello@ capitalideasedmonton.com. For a wealth of resources for small business, including tutorials on making a business plan, visit getgrowingforbusiness.scotiabank.com. Adam Caputo of Scotiabank’s Edmonton Main Branch congratulates draw winner Janice Funston of Henry’s Purveyor of Fine Things. NEXT EVENT: HOW DO I FIND FUNDING FOR MY BUSINESS? WHEN: FEB 20 @ NOON WHERE: EDMONTON JOURNAL DOWNTOWN (10006 101 ST.) RSVP at capitalideas14.eventbrite.com Questions? Contact us at [email protected] or @capitalideasyeg