unusual recipe for success
Transcription
unusual recipe for success
Exch-oct12_pgs01-11:Exchange 9/4/12 10:44 AM Page 1 MAKING A DIFFERENCE ON SEVERAL CONTINENTS A DATING SERVICE FOR ANGELS MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS Vol. 30 No. 1 October 2012 - $6.95 “THE CAR WILL KNOW WHEN YOU’VE HAD TOO MUCH”TO DRINK UNUSUAL RECIPE FOR SUCCESS The Charcoal Group breaks the mould of restaurant chain expansion INSIDE • Boldly going into space • Any good news from board rooms? • Putting money where the opportunity is • Sixty years of service Exch-oct12_pgs01-11:Exchange 9/4/12 10:44 AM Page 2 BANKING ON EDUCATION IS AN INVESTMENT WITH REWARDS The best investments bring returns and rewards. At RBC Royal Bank®, we believe that investing in education and applied learning builds prosperous and thriving communities here in Waterloo Region and around the world. That’s why we’ve chosen to invest in the School of Business at Conestoga College. Our support will help ensure that tomorrow’s business leaders have access to the tools and infrastructure they need to stay on the leading edge of knowledge and application. That’s good for our community and the individuals we serve. Conestoga’s School of Business is a leader in providing applied learning opportunities to meet real-world needs. Its diploma and degree programs are tailored to meet the diverse requirements of today’s business and industry and prepare students for success in our changing world. At RBC Royal Bank®, identifying good investments is our business. Conestoga College meets and exceeds our expectations on many levels. Jane Black, Regional Vice President Greater Waterloo, RBC Royal Bank l Royal Bank of Canada Together, we are building rewards that provide great returns for the entire community. Join us. Invest in Conestoga, and be the cause of something great. www.conestogac.on.ca/giving R sign RBC and Royal Bank are registered trademarks of Royal Bank of Canada. be the cause of something great Exch-oct12_pgs01-11:Exchange 9/4/12 10:44 AM Page 3 “At Desire2Learn, we hire superstars – enthusiastic, independent, dedicated, entrepreneurial co-op students. Many of our co-op students have become full-time employees as our company has grown. These students bring fresh ideas and are integral to our success. University of Waterloo co-op students represent an excellent talent pool.” John McLeod Sr. Director, Marketing & Alliances Desire2Learn Incorporated HIRE WATERLOO for all your talent needs. A one-stop shop for employee recruitment: » Skilled students are available for year-round co-op, part-time and summer work » Talented graduating students at the undergraduate, master’s, and PhD levels are eager for full-time positions » Experienced alumni are available year-round, equipped with the knowledge and skills to fill more senior roles Advertising a job is free and easy. Contact us: [email protected] 7830 877-928-4473 Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 4 NOW THE JOURNEY IS MORE EXCITING THAN THE DESTINATION. 2013 RX 350 all in pricing from $47,075.40* 5; ) SDFNDJH VKRZQ 3131 KING G STREET STREET EAST, EAST, KIT KITCHENER CHEN NER 5 519 19 7 748-9668 48-9668 THE OFFICIALL W WATERLOO_WELLINGTON ATERLOO_WELLINGTON C COUNTY O OUNTY LEXUS LEXUS DEALER WWW.HEFFNERLEXUS.CA WWW .HE EFFNERLEXUS.CA * /H[XV 5; DOO LQ SULFH IURP %.%$7 6XIo[ $ LQFOXGHV )UHLJKW3', 209,& WLUH VWHZGDUGVKLS IHH DLU WD[ 2WKHU WD[HV OLFHQVLQJ IHHV H[WUD 'HDOHU PD\ VHOO IRU OHVV Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 5 Registered foreign legal consultants practicing U.S. law. © 2012 Phillips Lytle LLP when it comes to helping you expand into the u.s., we bring more to the table. When you partner with Phillips Lytle, you get more experience, more passion and a more pragmatic approach. And that gets winning results. Talk to us about Cross Border Law or any one of our 36 practice areas. THE COMMUNITECH HUB, 151 CHARLES STREET WEST, SUITE 152, THE TANNERY, KITCHENER, ONTARIO N2G 1H6 (519) 570 4800 PHILLIPSLYTLE.COM | NEW YORK: ALBANY, BUFFALO, CHAUTAUQUA, GARDEN CITY, NEW YORK, ROCHESTER | CANADA: WATERLOO REGION | EST. 1834 E Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 6 AWARE OF ANGELS, page 22 OCTOBER 2012 SERVING BUSINESS IN WATERLOO REGION AND GUELPH | VOLUME 30, NUMBER 1 On the cover: Charcoal Group CONTENTS COVER STORY Unusual Recipe for Success ................................................14 PO Box 248, Waterloo ON N2J 4A4 Tel: 519-886-0298 • Fax: 519-886-6409 email: [email protected] BY PAUL KNOWLES The Charcoal Group breaks the mould of restaurant chain expansion Editor in Chief JON ROHR [email protected] Editor PAUL KNOWLES [email protected] FEATURES Feature Writers PAUL KNOWLES, JON ROHR Dating Service for Angels ....22 Contributors JOHN T. DINNER, HARP ARORA, DANIEL E. GIRARD Gold Triangle Angelnet helps put money where the opportunity is Creative Director SUZANNE KELLER [email protected] Making a Difference ............38 BY PAUL KNOWLES BY PAUL KNOWLES The Astonishing Impact of Local Rotarians Photography EXCHANGE, UNIVERSITY OF WATERLOO, COM DEV Advertising Sales JOHN HOBIN 519-886-0298 x305 [email protected] PLEASE RECYCLE, GIVE TO A FRIEND EXCHANGE magazine is a regional business publication published by Exchange Business Communication Inc., CEO Jon Rohr. Eight issues per year are distributed to each company in Kitchener,Waterloo, Cambridge, Guelph, and area as determined by Canada Post Business Postal Walks. Subscriptions are available for $85.43. Send cheque or money order to Exchange, PO Box 248, Waterloo ON N2J 4A4. Attn: Circulation Department. Back issues are available for $12.00 per copy. Phone: (519) 886-0298 x 302 Fax: (519) 886-6409. ISSN 0824-457X Copyright, 2012. No part of this magazine may be reproduced without written permission from the publisher. THE SCIENCE OF SOBER DRIVING, page 12 6 | www.exchangemagazine.com MAJOR DONATION, page 34 Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 7 FROM THE EDITOR UNUSUAL PEOPLE Profiling people who take a unique approach to their enterprise n this issue, we profile a number of business people who come at entrepreneurial effort from an unusual perspective. First, the folks on our cover – the leaders of the home-grown PAUL KNOWLES is editor of Charcoal Group. Exchange Magazine. He is Frankly, I much admire an author, public speaker the way these men and executive director of have broken the New Hamburg Live! email: mould of successful paul.knowles@ restaurant chains, exchangemagazine.com going their own way and following their own unique muse. “Normal” restaurant chains have a signature pattern – they create a successful restaurant, and then repeat the effort, often to the smallest exacting detail, from community to community. The Charcoal Group does the opposite, going out of their way to invent new and different dining experiences... and somehow, finding success through this stereotypedefying approach. In our story, we find out why, and how. Then, the two men behind Golden Triangle Angelnet, a pair of entrepreneurial altruists (and isn’t it a pleasure to discover those two words are not mutually exclusive) who are working very hard, as volunteers, to bolster the prosperity of our community. GTAN has put more than 90 early stage companies together with more than 100 potential investors; in 22 cases (all success stories, amazingly), this “dating service” has resulted in investment. And also, the hard-headed business types who are reaching out, through the Rotary Clubs of our area, to help those in the greatest need all around the globe. They bring practical wisdom and lifelong experience to some of the toughest challenges in our world. And they make a difference, a life-changing difference, time after time. These are soft-hearted hard-heads, if ever I met any. Great stories, each one; this is an issue you will undoubtedly enjoy. by PAUL KNOWLES BRINGING K-W TALENT AND HEART TO THE WORLD, L-R Jim Beingessner, Bill Carter, Peter Sweeney and Mark Walters of the Kitchener-Conestoga Rotary Club, page 38 DEPARTMENTS From the Editor .......................... 7 PAUL KNOWLES Unusual People From the Publisher .................... 9 JON ROHR Propensity for Prosperity Business Monitor .................... 10 Com Dev’s Fine Guidance Sensor is Canada’s Contribution to the James Webb Space Telescope; AA Rating Upgraded Based on Healthy Local Economy and Manageable Debt; Home Hardware a Most Valuable Brand; Deep Space Comes to Waterloo; Noted Humanitarian to Lead Initiative at CIGI; ActivDox CEO Dies Suddenly; Start-Up Driving Toward Stopping Drunk Driving, Safely; XQuarterly; XQuote; Sixty Years and Going Strong; Rural-Urban Partners Protect Water Quality 60 YEARS OF SERVICE, page 13 Watercooler ................................42 COLUMNS Good Governance.................... 28 JOHN T. DINNER Any Good News Coming Out of Boardrooms? Social Media ..............................30 HARP ARORA Outsourcing Social Media Wealth Management ..............32 DANIEL E. GIRARD Sudden Wealth LEADING HUMANITARIAN JOINS CIGI, page 11 I X OCTOBER 2012 | 7 Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 8 PUBLISHER’S NOTE PROPENSITY FOR PROSPERITY This issue marks a very exciting milestone for the team at Exchange Magazine: we turn 30. by JON ROHR JON ROHR is publisher of hirty years later, Exchange can claim it has reported on one of the most amazing eras in business history. During that time business has gone through one of the longest economic advancements in economic history, survived two recessions, the latest, a record breaker, and for the last decade, a transformation from ink on paper to pixels on a screen. Throughout this time, Exchange and the people that make it possible have adapted, innovated and prospered. As the first business social media enterprise forum T Exchange Magazine for Business, editor of exchangemagazine online and president of Exchange Busi- in the area, Exchange has nurtured an information ness Communications Inc. sharing environment that is integral to the dynamic email: jon.rohr@ community it serves. exchangemagazine.com There are many reasons for our continued success; to strengthen the area’s propensity for prosperity. In doing so Exchange has had to adapt and change. In 2008, we changed our masthead from Exchange Magazine for Business to a more complete Exchange Magazine for Entrepreneurs, Economic Developers, Enterprises and Educators. We did this to highlight our areas collaborative business environment, and to recognize the many facets of the business world. What we accomplished was not only raising the awareness of the entrepreneurial mind set, but also to focus on the elements that nurture it. As we enter our thirtieth year Exchange will reflect on the challenges of working local in a global economy. Topics such as the struggling financial markets, governments that need to change with the times, policies that conflict with new directions, unions that expect a perpetual gravy train, and the changing landscape that comes with digital media, and of course the immediacy we are all feeling from a connected world. We are prepared for the future publishing world. In Exchange has nurtured an information sharing environment integral to the community. first, it comes down to people, those we write about and the great team that is dedicated to doing the best they can do. Launched after the recession of 1980-1982, Exchange has developed a strong voice and editorial work ethic. During that time, Exchange has chronicled the wondrous impact leaders have made to advance their business and their market. If I was asked, what motivation keeps this area as a leading economic engine? I would say, it’s the communities ability to collaborate, innovate and adapt to a ever changing world. Over the three decades Exchange has worked with many liked minded organizations, groups who desire 8 | www.exchangemagazine.com 2007 we started a online daily business news service called the Exchange Morning Post. It now has over 120,000 online readers and is available by a free subscription at exchangemagazine.com. This news service has added tremendous readership – locally and around the world. And that’s all good. More and more people are finding out what this area is all about, how we continue to position our businesses as leaders in their field with a continued drive to prosperity. There is something in the water in Waterloo Region; a willingness to tear down and rebuild, change and invest, go through some hardship to make things better. As we continue to hear more and more about communities suffering from complacency, we can reflect on what builds successful ones. In a nutshell, it’s the people, the entrepreneurs, enterprises, economic developers and educators whose success begets our success, and this area has many of them. X Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 9 Charmed Annual Corporate Christmas Party 2012 Festive Season December 7 or 8 Rushes Restaurant offers individual companies a gala Christmas party with a full Christmas dinner buffet, live piano stylings during dinner, DJ music and dancing! Purchase individual tickets or tables of 8. Private Rushes Private Dining Room November and December The ultimate venue for festive fine dining. Reserve for your business, office staff or family gatherings in Rushes Private Dining Room. Seasonal, fresh menu choices are available for lunch and dinner events. Excellence Planning a Holiday Event? November - December - January Our party rooms add sparkle to the season and our menus are magnificent! A variety of rooms to host from 20 to 500 can be reserved just for you! Our sensational central location is so convenient. Delighted Celebration Ride Rate December 9-January 7 Why chance the drive home after your event? Treat yourself to an overnight guestroom and a ride home on our elevator! Traditional Christmas Day Dinner Buffet Tuesday, December 25th Our “Over-the-Top-Three-Roast-Buffet” dinner features roast turkey, roast beef and roast ham plus all the traditional Christmas trimmings, potatoes and yams, fresh fruits, our seafood and salad bars, desserts and more! Classic Rushes New Year’s Eve Dinner Monday, December 31st Bring your party to our party! Our chef has created a fabulous 5-course gourmet dinner. Dancing to a DJ begins at 9 p.m. and party favours ring in the New Year at midnight! 475 King Street North, Waterloo ON N2J 2Z5 www.waterlooinn.com 519.884.0220 1.800.361.4708 Exch-oct12_pgs01-11:Exchange 9/4/12 10:45 AM Page 10 BUSINESS MONITOR COM DEV’S FINE GUIDANCE SENSOR IS CANADA’S CONTRIBUTION TO THE JAMES WEBB SPACE TELESCOPE OM DEV International Ltd. has completed work on the instrument it designed C and built for the James Webb Space Telescope, successor to the Hubble Space Telescope.The two-in-one instrument, which is Canada’s contribution to the Webb PHOTO: CSA, COMDEV program, will serve to point the telescope precisely, allowing it to peer into the distant universe, and study stars and planets in other stellar systems. The instrument has been accepted by COM DEV’s customer, the Canadian Space Agency, and has been shipped to NASA for integration into the telescope. “Our work on the James Webb Space Telescope has been one of the largest and most complex programs in our company'’ history,” said Michael Pley, CEO of COM DEV.“It has allowed us to develop and extend our world-class capabilities in guidance sensors and opto-mechanical design for a highly challenging environment. It is an example of the highest standard of space engineering by our Canadian Division, done in close collaboration with our customer, the Canadian Space Agency.” The delivery of this instrument represents the culmination of nearly nine years of work for a total contract value of $136 million. Over 90% of that revenue has been generated since November, 2005 when COM DEV paid approximately $5 million to acquire assets including the space science and optical instruments operation that had contracted to work on the Webb program. Canada is providing Webb’s Fine Guidance Sensor, as well as one of the telescope’s four science instruments: the Near-Infrared Imager and Slitless Spectrograph. The Fine Guidance Sensor consists of two redundant special cameras that are critical to Webb’s ability to provide sharp images. The FGS will allow the Webb telescope to determine its position on the sky, locate its celestial targets and remain accurately pointed so that the telescope can collect high-quality data. It will guide the telescope with incredible precision, with an accuracy of one millionth of a degree. The NIRISS will have unique capabilities for finding the earliest and most distant objects in the universe’s history. It will also peer through the glare of nearby young stars to unveil new Jupiter-like “exoplanets”. It will have the capability of detecting the thin atmosphere of small, habitable, earth-like planets and determine its AA Rating Upgraded Based on Healthy Local Economy and Manageable Debt & Poor’s Ratings Services has reaffirmed Guelph’s current “AA” credit Standard rating, and upgraded the city’s outlook from “stable” to “positive.” “This Council has implemented several new financial policies,” says Mayor Karen Farbridge. “Our improved credit rating shows they’re paying off.” Guelph’s low unemployment rate was a key factor in the rating improvement, along with the city’s diversified local economy. Standard & Poor’s also noted the city’s continuing efforts to manage its debt by focusing on infrastructure renewal and replacement, reducing debt-financed projects, and deferring growth-related projects into future years.The city’s increasing liquid assets and reserves also influenced Standard & Poor’s outlook assessment. “Guelph is growing and this research shows we’re financially prepared to manage that growth in a way that’s affordable and sustainable,” says Al Horsman, Guelph’s Chief Financial Officer. Home Hardware a Most Valuable Brand ome Hardware Stores Limited, H Canada’s largest independent, dealer-owned hardware, lumber, building materials and furniture cooperative, has been ranked one of Canada’s Most Valuable Brands. The ranking was done by Brand Finance, the world’s leading independent brand valuation consultancy. “Home Hardware is a deeply impressive Canadian brand, drawing on all the best Canadian virtues and turning them into a solid business model which has the ability to extend through its network of independent dealers into every corner of the country,” said David Haigh, CEO & Founder, Brand Finance. “Home Hardware is a downto-earth brand, right for the harsh economic times, with great customer service, value for money products and a refreshing honesty that will help it succeed in virtually any market across Canada – large or small." 10 | w w w . e x c h a n g e m a g a z i n e . c o m An engineering test unit of the Fine Guidance Sensor (FGS) about to undergo cryogenic testing at the David Florida Lab in Canada. chemical composition to seek water vapour, carbon dioxide and other potential biomarkers such as methane and oxygen. Slated for launch in 2018, the James Webb Space Telescope is a joint project between NASA, the European Space Agency and the Canadian Space Agency. The Webb telescope will examine the first stars and galaxies to form after the Big Bang, study the formation of new stars, and seek extra-solar planetary systems capable of supporting life on planets like Earth. Canada’s contribution, designed, built and tested by COM DEV at its facilities in Cambridge, Ontario, and Ottawa, guarantees Canadian astronomers a share of observing time once the telescope launches. “Imagine the challenge at hand here: design and deliver technology capable of unprecedented levels of precision to conduct breakthrough science on board the largest, most complex and most powerful telescope ever built,” said Steve MacLean, President of the Canadian Space Agency. “The Webb telescope will be located 1.5 million kilometres from Earth – too far to be serviced by astronauts like Hubble was. At that distance, the technology simply has to work. This is the outstanding level of excellence Canadians are capable of achieving. It’s something for all of us to be proud of.” Home Hardware was ranked #39 on the Brand Finance list of Top 50 Canadian Brands and #3 among private companies. Furthermore, the Canadian home improvement retailer was ranked #6 of the Top 10 Retail Brands, a result of its successful business model, best-in-class program for independent hardware retailers and widereaching marketing and advertising program. “Home Hardware has always been focused on helping our independent Dealer-Owners build relationships with their customers,” said Paul Straus, President and CEO, Home Hardware Stores Limited. “That is why Home has continued to invest strategically in programs that connect our brand and our Dealers with Canadians. When customers enter our stores our brand experience is backed by a diverse product offering, competitive prices and personal service. We are very proud to be recognized as one of Canada’s most valuable brands.” Exch-oct12_pgs01-11:Exchange 9/4/12 10:46 AM Page 11 BUSINESS MONITOR Deep Space Comes to Waterloo of scientists that includes a Atute'steam recent recruit to Perimeter Instifaculty has won a major cosmology prize. Kendrick Smith, who joined Perimeter in September, is a member of the Wilkinson Microwave Anisotropy Probe (WMAP) team. The team has been announced as the winners of the 2012 Gruber Cosmology Prize. WMAP's observations and analyses of ancient cosmic light have provided rigorous measurements of the age, content, geometry, and primordial structure of the universe that are without precedent. In honouring the WMAP team and its lead scientist, Charles Bennett, the prize citation noted that their results helped transform cosmology itself from “appealing scenario into precise science.” Perimeter Director Neil Turok said, “WMAP has had a transformative impact on the field of cosmology. It provided strong confirmation of our basic picture of the universe and added un- precedented precision. It is the benchmark for almost every other cosmological measurement and sets a very high bar for future experiments.” WMAP used a space-based detector to measure the most ancient light in the universe, called the cosmic microwave background (CMB) radiation. According to the big bang theory, the early universe was a hot, dense plasma – a fog of both charged and uncharged particles. That fog cooled as it expanded, and when the universe was only 378,000 years old, the fog lifted: electrons were captured by protons and other atomic nuclei, forming neutral hydrogen and other atoms.The universe became transparent and light was able to travel through it freely for the first time. The cosmic microwave background is the relic of that ancient light a “snapshot” of the very early universe. The CMB radiation is a faint, nearly uniform glow suffusing all of space NOTED HUMANITARIAN TO LEAD INITIATIVE AT CIGI r. James Orbinski has been appointed Director of the Africa Initiative of The D Centre for International Governance Innovation. He also will be a senior adviser to CIGI’s vice president of programs. Dr. Orbinski is a globally recognized humanitarian practitioner and advocate, as well as a leading scholar in global health. Before the CIGI appointment, he was professor at the University of Toronto and a staff physician at St. Michaels Hospital. As International President of Médecins Sans Frontières/Doctors Without Borders, Dr. Orbinski accepted the Nobel Peace Prize on behalf of the organization in 1999. He was honoured with the Meritorious Service Cross, Canada’s highest civilian citation, for his service in Rwanda during the 1994 Civil War and genocide. Dr. Orbinski served with MSF in Somalia, Zaire, Afghanistan and Peru. The Africa Initiative is a Dr. James Orbinski multi-year, donor-supported program with three components: a research program, an exchange program and an online portal. Supported through a partnership between CIGI and the South African Institute of International Affairs, the Africa Initiative aims to contribute to the deepening of Africa’s capacity and knowledge in five thematic areas: conflict resolution, energy, food security, health and migration, with special attention to the crosscutting issue of climate change. “These are vitally important policy issues for Africa and our Global Community,” said Dr. Orbinski. “I am delighted to be joining both CIGI and the Africa Initiative. We have a highly competent team focused on research and capacity building.This is a wonderful opportunity to further engage and shape the world so that it is more humane, fair and just.” CIGI Vice President of Programs David Dewitt said, “CIGI’s Africa Initiative is an important contribution to building research and analytic capacity about significant issues of public policy in Africa. Bringing James Orbinski to CIGI as the Director of our Africa Initiative and senior adviser on programs with a special focus on global health and climate change will immeasurably strengthen our capacity and our vis- but it is not quite uniform. The small variations in it are due to small variations in the density of the early fog. Denser regions eventually clumped together under gravity to become galaxies, galactic clusters, and even superclusters.WMAP’s detailed measurements of the CMB have shown the following, among other things, about our universe: • It is within one percent of 13.75 billion years old. • It consists of 22.7 percent dark matter, 72.8 percent dark energy, and just 4.6 percent ordinary matter. • It has a flat geometry, to within 0.6 percent. So precise are these findings that WMAP’s version of the universe is now commonly known as the Standard Cosmological Model. The WMAP science team stopped gathering data in August 2010 and its final data analysis will be released in late 2012. ibility in these crucial areas of governance research and knowledge mobilization. We are thrilled that James will be joining the CIGI community and be a faculty colleague at our partner institution, the Balsillie School of International Affairs.” At CIGI, Dr. Orbinski will provide academic and research direction, and assist in developing a long-term strategic plan for the Africa Initiative, with responsibility for staff and over-all management of the program. From 2001 to 2004, Dr. Orbinski co-chaired Médecins Sans Frontières's Neglected Diseases Working Group, which created and launched the Drugs for Neglected Diseases Initiative (DNDi). The DNDi is a global not-for-profit research consortia focused on developing treatments for tropical diseases. The DNDi has since developed and released six drug treatments that are now available to millions of people. In 2004, Dr. Orbinski co-founded of Dignitas International, a hybrid academic non-governmental organization that provides frontline medical care, strengthens health systems, and engages research that shapes health policy and practice at regional and international levels. Over 2012-13, it is expanding research and scaling services for a population of three million in Malawi. The world’s leading medical journal,The Lancet, recognized one of Dr. Orbinski’s co-authored papers on HIV/AIDS treatment adherence, as among the 20 most significant medical research papers in the world for 2006. Another of his co-authored papers, appearing in The Lancet in 2002 and analyzing the lack of research for neglected diseases, is recognized as one of the most important scholarly articles that shaped scholarship in the field of global health in the post Second World War years. Simultaneously, Dr. Orbinski has been appointed by Wilfrid Laurier University to the position of CIGI Chair in Global Health and will be affiliated with the university’s School of International Policy and Governance. CIGI Research Chairs hold academic appointments at either the University of Waterloo or Wilfrid Laurier University, and are also members of the interdisciplinary Balsillie School of International Affairs. Dr. Orbinski received his undergraduate degree from Trent University and his M.D. degree from McMaster University in 1990. He completed an M.A. in international relations at the University of Toronto in 1998. His award-winning and internationally acclaimed documentary film on medical humanitarianism, Triage, won the 2008 Amnesty International Gold Medal Award. Released internationally in 2008, Orbinskis bestselling book, An Imperfect Offering: Humanitarianism in the Twenty-First Century, won the 2009 Writers Trust Shaunessy-Cohen Prize for best political writing in Canada. ActivDox CEO Dies Suddenly avid Thomson, founder and CEO D of ActivDox, passed away suddenly in early August. He suffered a heart attack while walking his dog, Aug. 8. He was 58. Thomson, who studied at the University of Waterloo, lived in Kansas, although ActivDox is based in Ontario. Thomson and his company were featured in the most recent edition of Exchange, which had gone to press and was in distribution at the time his death was announced. O C T O B E R 2 0 1 2 | 11 Exch-oct12_pgs01-11:Exchange 9/4/12 10:46 AM Page 12 BUSINESS MONITOR PART FOUR OFA FIVE-PART SERIES ON START-UPSTHAT HAVE CHOSENWATERLOO REGIONASTHEIR LAUNCHING PAD PHOTO: JON ROHR START-UP DRIVING TOWARD STOPPING DRUNK DRIVING, SAFELY Catherine Carol car will know if you’ve had too much.” Really? It sounds like the perfect an“thatThetidote to drunk driving, and Catherine Carol, COO of Sober Steering, believes to be precisely the case. She explains further: “Sober Steering is developing a trans-dermal sensor system that is embedded in the steering wheel vehicle to prevent drunk driving. It can detect the presence of alcohol in a driver’s system through the gases that are exuded from the skin. So, it’s the natural interaction between a person’s hands and the steering wheel.The car will know if you’ve had too much.” XQuarterly – www. xquarterly.ca • Economic conditions are right for Canada’s existing professional sports clubs to prosper and for new Canadian-based franchises to succeed over the next 25 years, according to The Conference Board of Canada. The Canadian professional sports scene in 2035 could include: up to 3 more National Hockey League teams, raising the number to 10; a revived Major League Baseball team in Montreal; a second chance for a National Basketball Association franchise in Vancouver; 3 more Major League Soccer clubs in Canada, making 6 in all; and up to 7 viable new markets for franchises in the Canadian Football League. • Housing market activity is projected to soften in the near-term, but the good news is any adjustment will not be aggravated by negative demographic forces. In fact, at least for the next decade, demographic forces will be strong enough to mitigate the damage and probably shorten the duration of the upcoming market adjustment says a new report from CIBC World Market Inc. The number of Canadians between the ages of 25 and 34, who make up the vast majority of first-time buyers, will continue to grow. • Confidence in the state of the world economy is at its lowest ebb since the World Economic Forum started 12 | w w w . e x c h a n g e m a g a z i n e . c o m Not only that, but the car will still allow you to run the car to have heat and electricity, to listen to the radio or even charge your cell phone. You just won’t be allowed to drive. Carol says, “If you’re above a certain legal limit, it’ll immobilize a transmission. So, you can still turn the car on, the engine will run, you’ll have heat and electricity and a radio... you just can’t move the car.” Sober Steering was founded by a Canadian based in Florida; the founder remains the chief investor in the company. Carol met him in Florida – her original home – and signed on with the project. “And I’ve been working with him in the company ever since.” However, Sober Steering is now based in Kitchener-Waterloo, drawn here by the start-up services offered by the Accelerator Centre, and by the expertise in key fields available at the University of Waterloo. Carol told Exchange, “Our technology involves very advanced answers. There aren’t a lot of places worldwide that have people capable of working with these sensors.The University of Waterloo is one of them. So, without a question, the university is what drew us.... several different departments, from mathematics to engineering to the chemistry department as well. And when we looked at the community around the university and saw the environment for a startup here, particularly the Accelerator Centre, it was pretty much no-brainer.” Funding was also a factor. Says the Sober Steering COO, “We have both funding from angel investors as well as from the Canadian government. So we have been very fortunate to work with the Canadian government in a number of different programs to help fund our development. And because of that, we wanted to base our R&D out of Southern Ontario. So, we started looking in this region. But I mean, honestly, if there wasn’t any expertise here, we couldn’t have done it here in the first place.” Sober Steering is still in start-up mode, with three employees – Carol, the Chief Technology Officer, and a project leader. Carol describes their status: “We are currently at the project stage,” and may be until early 2013. Carol is very impressed with the Accelerator Centre, and she brings international experience with such enterprises to her assessment. She told Exchange, “It’s remarkable to me how well everyone works together and how much of an effort they make at pulling you into the community and making you part of the community. I’ve worked in incubators prior to Accelerator Centre. And that side of community, in collaboration, was not part of the environment.” its Global Confidence Index five quarters ago. The relative optimism of the previous quarter evaporated against a backdrop of slowing growth in the US and China as well as a lingering eurozone crisis, with 72% of respondents reporting that they were not confident about the state of the global economy over the next 12 months, up from 37%. • At the beginning of 2011, there were 3.14 million members of public sector pension plans – an increase of 26.6% since 2001 – while private sector pension levels remained flat. Canadian Federation of Independent Business research shows that public sector plans are underfunded by more than $300 billion, despite $10,000 per year being put aside for the average public servant in employer and employee premiums. • Almost half of today’s Canadian 5059 year olds have less than $100,000 saved for retirement; many plan to use employment income in retirement to make up for lost savings. A new CIBC poll of Canadians in the heart of the baby boom (aged 50-59) shows that while retirement is just around the corner for many, they have come up short on their savings goals and plan to supplement their income by working in retirement. • On average, Canadians in their 50s plan to retire at age 63, but 53% say they’ll work in retirement, with most planning to work part-time. • 61% say they have fallen short of the savings they expected to have. • 45% say they have less than $100,000 put away to fund their retirement. XQuote “The escalating costs of government pension plans are seriously eroding the ability to deliver fundamental public services. The implications are starting to be felt. For example, the City of Montreal’s pension plan now eats up 13 per cent of its operating budget – even more than the amount devoted to public transit." – Dan Kelly, President Canadian Federation of Independent Businesses. Exch-oct12_pgs01-11:Exchange 9/4/12 10:46 AM Page 13 BUSINESS MONITOR SIXTY YEARS AND GOING STRONG here are not a lot of people around who can remember a time when a Murray’s T& Footwear store was not in the heart of New Hamburg. That’s because Murray’s Clothing is celebrating its 60th anniversary this year – and because an earlier PHOTO: JON ROHR generation of the Murray family operated a restaurant right next door to the present Peel Street property for almost a decade before that! Today, Mark Murray, owner and operator of Murray’s Clothing & Footwear is the third generation of Murrays to run the family business. Mark's wife Kimberley is also integral to its success, working in the office during the week and Mark's daughter, Katie also works in the store. Murray’s was founded in 1952, by Mark’s grandparents, Bill and Dora. They opened a department store – a popular concept at the time – which sold both groceries and clothing. The family tradition was established when Bill and Dora’s sons, Bob and Jim, worked for their parents, and then took over management of the business when Bill passed away, in 1969. Bob concentrated on the grocery department, while Jim – Mark’s father – ran Mark Murray, owner and operator of Murray’s Clothing & the clothing and footwear Footwear is the third generation of Murrays to run the family business. business. Mark began working at Murray’s in 1980, and at times, today, cannot believe he is already a 32-year veteran of the trade. In 1992, the two departments separated, and in 1994 the grocery division moved to a then-new downtown plaza, under the IGA brand.That IGA store is now Rural-Urban Partners Protect Water Quality onservation leaders, scientists, C farm leaders, fertilizer industry representatives, and provincial officials gathered to launch a unique ruralurban partnership that will protect water quality in the Grand River Watershed and support the sustainable intensification of agriculture in the region. Funded by the Canadian Fertilizer Institute and the Ontario Centres of Excellence Social Innovation Program, the project will create a unique network or “cluster” to facilitate sharing of Beneficial Management Practice guidelines associated with the 4R Nutrient Stewardship Program. ClimateCHECK will lead this partnership by deploying its Agri-INNOVATIONS solution that combines ClimateCHECK’s expertise in agriculture and sustainability with its online Collabo- rase tools to enable stakeholder collaboration and knowledge transfer. “Agri-INNOVATIONS will provide farmers and other stakeholders online access to pertinent information and expert networks. Farmers will benefit from greater participation in innovative strategies for implementing BMPs, such as 4R Nutrient Stewardship, which are designed to support farmers and other stakeholders to increase market access and sustainable growth in the agriculture sector,” said Tom Baumann, CEO of ClimateCHECK. “It is essential to enable farmers to effectively engage in knowledge transfer and to rapidly scale results and share them with all stakeholders.” Water quality is a vital issue for the 39 municipalities and 1 million residents living in the Grand River Water- a Sobey’s franchise, owned by Bill and Jill Fleming. Murray's Clothing & Footwear remained in the original building on Peel Street, but received extensive renovations at the same time the grocery store moved to the plaza. The Murrays understood their place in the heritage of the town – their building pre-dates the Murray’s business by a century – and history was honoured in the renovations., Today, you can see tin ceilings that were uncovered in the project, historic hardwood floors, and a front facade restored to its earlier glory. The building at 95 Peel Street received a much-deserved Award of Excellence from the Waterloo Regional Heritage Foundation. But it is not the historic building, or even commitment to family tradition, that keeps Mark coming to work every day. “It’s the people,” he says. Murray’s has a large and loyal customer base, both from the local community, and from far afield. Clients come on a regular basis from communities in the Niagara Peninsula and the Greater Toronto Area. They come for the quality, Mark says, and they come for the service they receive at Murray’s, which is known for men's wear, ladies' wear, footwear and luggage. Mark says he also enjoys “the challenge of maintaining and growing the business,” a unique challenge for a small-town independent, but a challenge that Murray’s has met for six decades. Mark is not only loyal to his family business, he is also a big fan of his hometown. His volunteer activities include installing the Christmas lights and the flower basket – depending on season! – in the retail district. He’s a member of the Board of Trade, of which his Dad, Jim, is a past-president. He served on the volunteer fire department for 28 years, including 13 years as District Fire Chief. He left that position only after being elected as a Township of Wilmot Councillor, a position he holds today. shed.This region of Ontario also represents some of the province’s most viable and productive farmland. Land use and water quality concerns are a shared priority across the Province of Ontario and the global community. The 4R Nutrient Stewardship Program will support the adoption of Beneficial Management Practices on farms. The 4R concept guides farmers in using the Right fertilizer source; at the Right rate; at the Right time; and in the Right place. “There are many advantages for farmers to adopt the 4Rs into their cropping systems,” said Norman Beug, Chair of the Canadian Fertilizer Institute, the lead Industry Partner for this project. “The 4Rs offer a framework to farmers as they implement BMPs to optimize fertilizer efficiency, which minimizes nutrient loss and leakage into the air and water. The 4R approach maximizes farmer returns for every tonne of fertilizer used and allows farmers to quantify their practices to receive credits for ecological goods and services.” “I’m excited about the 4R Nutrient Stewardship Program we are launching today and look forward to building an even closer relationship with all of the partners as we work toward our common goal of protecting our precious resources for generations to come,” said Jane Mitchell, Chair of the Grand River Conservation Authority. Recent research conducted at institutions such as the Water Institute at the University of Waterloo have provided new insights into land use and water quality. “Long-standing agricultural practices are difficult to change. Improved collaboration techniques should encourage greater uptake of BMPs that, over time, enhance crop production, save farmers money and minimize water quality impacts,” said Dr. David Rudolph at the Water Institute. Ontario Federation of Agriculture Vice President Keith Currie added,“the OFA is pleased to participate in this program as it complements the work farmers have initiated through the Environmental Farm Plan.The 4R fertilization recommendations integrated with other BMPs will build on the successes of prior work.” “The Region of Waterloo has a long history of working with farmers in Waterloo Region to improve water quality,” stated Ken Seiling, Regional Chair of the Regional Municipality of Waterloo. “This project will not only benefit the agricultural community by offering a collaborative framework to establish best sustainability practices, but also benefits the residents in the surrounding municipalities serviced by the watershed through decreased ground and surface water contamination and improved drinking water quality,” said Tania Massa, Director of Programs, Ontario Centres of Excellence, a key funder of the project. “The 4R Nutrient Stewardship in the Grand River Watershed will serve as a pilot project that will inform future programs of this nature across the province.” In addition to the Canadian Fertilizer Institute and the Ontario Centres of Excellence, this project is supported by several partner organizations including, the Ontario Federation of Agriculture, the Grand River Conservation Authority, the University of Waterloo Water Institute, and the Region of Waterloo. O C T O B E R 2 0 1 2 | 13 Exch-oct12_pgs14-25:Exchange 8/31/12 11:26 AM Page 14 They aren’t interested in opening identical restaurants in cities, nation-wide; they prefer unique establishments as close to home as possible. It’s unusual but it is undoubtedly effective. John Zizzo, Jody Palubiski, Tim Wideman and Tom Wideman of the Charcoal Group 14 | w w w . e x c h a n g e m a g a z i n e . c o m 8/31/12 11:26 AM Page 15 COVER STORY UNUSUAL RECIPE FOR SUCCESS BY PAUL KNOWLES The Charcoal Group breaks the mould of restaurant chain expansion here’s just nothing typical about The Charcoal Group. Successful, yes. Enduring, certainly. Innovative, sure. But not typical. The “typical” methodology of a successful chain of restaurants is replication – find a successful formula, and then roll it out in cookiecutter models as far and fast as the business allows. Well, the Charcoal Group is undeniably a chain of restaurants – the business cards of the four principals are a bi-fold, to allow all the logos to run across the double-sized cards. But the closest they come to a typical chain would be the three Moose Winooski’s, or (as of this month), two Beertown Public Houses. In addition to that, the Charcoal Group owns and operates the eponymous and venerable Charcoal Steak House, delDente, Martini’s (all on various levels of the same Kitchener facility), Wildcraft Grill & Bar, The Bauer Kitchen (in Waterloo), The Bauer Bakery & Café, and the nicely self-described Wildcraft Wherever Catered Events. The three Moose Winooski’s are located in Kitchener, Barrie and Brantford; the new Beertown Public Houses are in Cambridge and, opening October 2012, Waterloo. T PHOTO: JON ROHR Exch-oct12_pgs14-25:Exchange O C T O B E R 2 0 1 2 | 15 Exch-oct12_pgs14-25:Exchange 8/31/12 11:26 AM Page 16 COVER STORY Once upon a time PROFESSIONAL JANITORIAL JDI FOR BUSINESS SERVICES Specializing in Commercial, Industrial and Institutional facilities Call us for all your cleaning needs: General Janitorial & Office Cleaning ? Carpet Cleaning ? Floor Stripping & Waxing ? Interior/Exterior Window Cleaning ? Ultrasonic Blind Cleaning ? Construction Cleanup ? Factory Cleaning ? Computer Cleaning The Charcoal Group comes from humble family beginnings – and the family still has a major stake in the business. Del and Ortha Wideman founded the Charcoal Steakhouse in 1954, in a location above the legendary Hiway Market, and ran it as their only restaurant venture for almost 30 years. If the Charcoal still existed with no other ventures, that in itself would be a major triumph in the volatile restaurant trade. But the story is much, much bigger than that. ? We will help protect your Real Estate investment Tel: (519) 884-9600 Fax: (519) 884-8699 Toll Free: 1-800-983-6661 w w w.j d icl ea n in g .c om Waterloo, Ontario BONDED & INSURED Member of the Canadian Franchise Association and Better Business Bureau Call Today 519-886-0298 x305 The Widemans moved to the present King Street East location in 1976, and opened a second brand in the new building, a decision the Widemans’ son, Tom, terms “a leap of faith.”. The Library Lounge was a popular watering hole, and exists today, re-branded (and completely re-fitted, more than once) as Martini’s since 1993. “The Lower Deck”, rebranded in 1994 as delDente, was launched in 1983. Measures of success Today, there are four partners in The Charcoal Group: brothers Tom and Tim EXCHANGEMAGAZINE.COM Advertising space deadline for the November/December issue is October 2, 2012 FOR ENTREPRENEURS/ENTERPRISES/ECONOMIC DEVELOPERS/EDUCATORS THERE’S STILL TIME! Beertown, is “not just another road house, pub or sports bar... it’s a very unique space.” Palubiski says, “we saw it as a new and emerging opportunity.” Wideman, John Zizzo, and Jody Palubiski. Exchange interviewed Tom Wideman, Zizzo and Palubiski. A quick review of the numbers demonstrates the success of the business: Marketing Director Cindy Perri told Exchange that the Charcoal Group currently employs 650 people; Beertown Waterloo will add another 120 to that total. The sundry outlets serve between 20,000 and 25,000 guests per week. On any scale, those are measurements of undeniable success. The partners say that the subsequent growth of the company has taken place because the group has identified needs, and developed creative ways to meet those needs. One of the first second-generation developments was the first Moose Winooski’s, quite unlike anything previously part of the Charcoal brand, but created to meet a need for family dining. Zizzo says the niche was identified, and “we developed” the brand to meet it. A similar process resulted in the very dissimilar Wildcraft, a hip and upscale meeting place.Palubiski says, “we started talking about the possibility of doing Wildcraft in 2003. Waterloo presented a chance to do something different, to bring something new to the community.” Therein lies the unusual nature of this culinary partnership: they aren’t interested in opening identical restaurants in cities, nation-wide; they prefer unique establishments as close to home as possible. It’s unusual but it is undoubtedly effective. Download previous issue at: www. ex c hange magaz ine .c om 16 | w w w . e x c h a n g e m a g a z i n e . c o m Tim, left and Tom Wideman are second generation Charcoal Group owners. Exch-oct12_pgs14-25:Exchange 8/31/12 11:26 AM Page 17 The Charcoal Group’s first Beertown is open in Cambridge, with a second opdning in Waterloo. Palubiski suggests that one key to their success is the development of talent from within the Charcoal Group’s ranks. With almost 800 staffers, as of this month, the potential for finding “the talent within” is quite large. Local focus Tom Wideman sees their local focus as another strength. “There is leverage in being in the community,” he told Exchange. Palubiski points out that living and working in their home community provides plenty of opportunity for spotting potential. “We’re all part of this community.” He says the Bauer Kitchen is a key example – the partners “fell in love” with the idea of developing the restaurant in the heritage building. “You don’t come across these opportunities very often.” Being home town fans doesn’t mean the Charcoal partners are oblivious to the rest of the world. They are often on the move, checking out the latest developments in the business across the conti- nent and around the world, bringing home ideas from their favourite haunts, like Chicago, Napa Valley, and New York (the strongest inspiration for the Bauer Kitchen, by the way). Palubiski delivers another kick to the traditional chain approach to expansion: their stated goal in developing The Bauer Kitchen, he says, was “to do something different from the experience at Wildcraft.” Serious business The Charcoal partners enjoy the hospitable nature of their business; all four partners, and their key organizational leaders, are on the floor of one or more of their restaurants every day. They enjoy the creations coming out of their very diverse kitchens – the interview was conducted while the partners dined on culinary treats from the Charcoal kitchen – but at the same time, they are very pragmatic in their approach to doing business. Tom Wideman says the secret to their success is “being persistently attentive to detail... tenacity in execution.” "ACKmOW 0REVENTION 3PECIALISTS Zizzo suggests the partners and their team are driven by “fear of failure”, an unusual assessment given the company’s unblemished record of success – but perhaps also the precise explanation of that The Charcoal Group currently employs 650 people; Beertown Waterloo will add another 120 to that total... serving between 20,000 and 25,000 guests per week. success. Tom Wideman says, “We’re constantly reflecting, every day, on how we performed the day before.” Palubiski adds, “we take everything that happens in the restaurants – good or bad – very personally. We try to take every step we possibly can” to make every diners’ experience a great one. “It’s in our DNA,” he says. s #ROSS #ONNECTION 3URVEYS s )NSTALLATION s "ACKmOW 4ESTING 3ERVICE 4OLL 4 O OLL &REE &RE EE 4 E EL 4EL & AX A &AX %MAIL SWS BELLNETCA Certified by Ontario Waterworks Association A Sec Section tion of AW AWWA WA O C T O B E R 2 0 1 2 | 17 Exch-oct12_pgs14-25:Exchange 8/31/12 11:26 AM Page 18 R O O M AT T H E T O P he Carriage Club, a totally new T success and good taste. Suites are priced concept in privileged condominium from the low $200s to over $800,000. living, offers an exclusive club-inspired Please visit The Carriage Club Presentation lifestyle. It’s the perfect complement to your Centre and Model Suites. thecarriageclub.ca grand opening OCTOBER 13, 2012 For information visit thecarriageclub.ca Exch-oct12_pgs14-25:Exchange 8/31/12 11:26 AM Page 19 COVER STORY every new restaurant, we go through every detail of the dining experience,” before anyone actually dines there. Wideman agrees. “It’s in our culture. We’re very picky about hiring people whose values match up with ours.” Variety is their spice The partners agree that they take an unusual approach to expanding their business. Palubiski suggests that every decision involves “a great dialogue, back and forth.” He says they are always on the alert for “opportunities in the marketplace,” as they did with Wildcraft. “We saw an opportunity... a place to go and enjoy a cocktail, something we Charcoal partners John Zizzo and Jody Palubiski saw as missing in Waterloo.” Building outside the Zizzo says, “We genuinely listen to our box – trying something new – is “the guests...” and Palubiski finishes his senopposite of the chains, which are very tence: “and our team members.” rigid,” suggests Tom Wideman. He adds, too, that the kind of attention Cindy Perri credits the four partners to detail referred to by Tom Wideman is a with inspirational, hands-on involvement central part of their planning process in all of the Charcoal projects: “There is a when they do a new restaurant. “With lot of personal involvement,” she says. But Palubiski is quick to deflect some of the credit, noting that “chefs and managers are a huge part of that,” and Zizzo chimes in with more praise for the Charcoal staff. Just because the Group is opening brand-new ventures like Beertown doesn’t mean they take their existing brands for granted. Palubiski points to “continual evolution” in the style and decor of their restaurants, noting that recent years have Tom Wideman says the secret to their success is “being persistently attentive to detail... tenacity in execution.” seen major renovations to Martini’s, delDente, and “the Charcoal in the upcoming year,” a completion of an ongoing, three-year project. In fact, as they reflect on the work that has been done, Tom Wideman concludes that there has been ongoing construction at the Charcoal locale “for the past seven years.” And the Charcoal is not alone. It may seem like Wildcraft is brand new, but the restaurant has been opened for six years, and if it is to remain trendy, it needs a facelift, say the partners. The Brantford Moose Winooski’s is also getting a makeover this year. “A unique space” Not surprisingly, the partners are quick to point out that their newest brand, Beertown, is “not just another road O C T O B E R 2 0 1 2 | 19 Exch-oct12_pgs14-25:Exchange 8/31/12 11:27 AM Page 20 COVER STORY house, pub or sports bar... it’s a very unique space.” Palubiski says, “we saw it as a new and emerging opportunity,” based in “the beer renaissance that’s happening”. “We don’t have a head office. We’re in our restaurants, every single day. We take care of our guests and our team members.” NEW AND USED BOATS ~ LARGE INDOOR SHOWROOM SERVICE | PARTS | ACCESSORIES www.casmarine.com | 519.623.2372 2564 Cedar Creek Rd. (Hwy 401 & 97) exit 268 off Hwy 401 W Their first Beertown is open in Cambridge, and typically, Palubiski says “we’re thrilled... but not content.” That pretty much sums up the Charcoal attitude to perfection – unattainable but always to be sought. And Beertown is not the final chapter in the Charcoal Group story. Palubiski says, “we are looking at other opportunities. We’re putting two offers on locations outside the city,” but within an hour of their home base. Tom Wideman notes, “as we grow, we’re not going to start opening them three hours away.” Not all potential growth involves new locations or brands. Palubiski is proud that the Bauer Bakery is a distinct success, now making the bread for all the Charcoal restaurants, and about to move into the wholesale business. The cleverly named catering business is also growing. The partners – they all share The Charcoal Group, although the percentage of ownership may vary from restaurant to restaurant – understand that decades of success can evaporate very quickly. Palubiski says that margins are small in the restaurant trade, while the “margin for error” is very narrow. Zizzo points to the significant investment demanded of today’s restaurateurs. “It’s not a little player’s game any more. You do have to run it like a big business.” The Charcoal Group is a big business – but one run like a family firm, with a genuine emphasis on local community. They use local suppliers whenever possible, from farm gate produce to small enterprises such as the Arva Mill, Norwich Parkers, Conestoga Packers, and Flanagan Foodservice. And it’s a big business without corporate headquarters. Says Palubiski, “we don’t have a head office. We’re in our restaurants, every single day. We take care of our guests and our team members.” X 20 | w w w . e x c h a n g e m a g a z i n e . c o m Exch-oct12_pgs14-25:Exchange 8/31/12 11:27 AM Page 21 JJoin oin us in rrecognizing ecognizing the entrepreneurs, entrepreneu urs, businesses, businesses, ment mentors ors and community exciting comm unity leaders who have have dared dared tto o dream! dream! Our e xciting awards awards d night acknowledges ac knowle edges g those who inspire inspir p e others othe ers with their creativity creativity y and trail passion while w blazing a tr ail for for future future community comm c unity leaders. leaders. Busine Business ess Spirit Spirrit A Awards warrdss November No vem ember mber 1,, 2012 Reserve eserrve y your our ttable able or seat at JAbusinessspirit.ca J Abusinessspir sinessspirrit.ca FFollow ollow the e conversation conversation on Twitter Twitter #bsa2012. #bsa a2012. Silver Sponsor Creative Sponsor Exch-oct12_pgs14-25:Exchange 8/31/12 11:27 AM Page 22 “Angel networks are all about relationships,” he says, and Carl Furtado values human relationships above almost anything else. Carl Furtado, left and Rob Douglas lead Gold Triangle Angelnet 22 | w w w . e x c h a n g e m a g a z i n e . c o m Exch-oct12_pgs14-25:Exchange 8/31/12 11:27 AM Page 23 MOVER & SHAKERS A DATING SERVICE FOR ANGELS BY PAUL KNOWLES Gold Triangle Angelnet helps put money where the opportunity is o how do you become an angel, anyway? S While that may sound like a question posed by a child at bed-time, it is a very real issue for two sober-minded, veteran businessmen and community activists in Waterloo Region – Robert L. Douglas, and Carl Furtado. Rob Douglas and Carl Furtado are not immediately concerned with the heavenly version of angels, however. They are, on the other hand, very interested in the more economically-oriented version of such beings, and they spend an inordinate amount of their time and effort – voluntarily – bringing angels together with people in need of angelic help. Douglas and Furtado are the founders of Gold Triangle Angelnet, a Cambridge-based not for profit network that exists for the sole purpose of arranging marriages between investors and worthy start-up companies. Here’s Douglas’ definition: “An angel is a high net worth individual who invests privately in early stage companies.” In an unusual twist, Douglas and Furtado have acted as angels, themselves, through their private company, Roseview Capital Consultants. However, as President and Vice President, respectively, of Golden Triangle Angelnet, they are arms-length with any prospective start-ups, serving only as facilitators between potential investors and early stage companies. Douglas receives an honorarium only for his work in what is essentially a full-time job; Furtado’s contribution is entirely as a volunteer. They believe a healthy local “eco-system” – which in their vocabulary means “economic system” – is dependent on healthy companies, which in their initial stages need nurturing and investment. They genuinely understand their role to be that of community builders, with an entrepreneurial focus. O C T O B E R 2 0 1 2 | 23 Exch-oct12_pgs14-25:Exchange 8/31/12 11:28 AM Page 24 MOVER & SHAKERS DAVID THOMSON: LAUNCHES HIS START-UP IN WATERLOO ZEHR LEVESQUE ARE GAME CHANGERS MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS OPENTEXT CEO RETIRES Vol. 29 No. 6 June 2012 - $6.95 “AWESOME”TRIBEHR A PIECE OF WATERLOO IN WILLONGONG I THINK SECURITY FOUNDER PRAISES ACCELERATOR CENTRE MK-W CITIZEN OF THE YEAR MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS Vol. 29 No. 5 May 2012 - $6.95 WATERLOO: the ideal incubator FOODLINK CO-CHAIRS WHITE AND ALLEN-MUNCEY MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS CITIES UNDER-FUNDED Vol. 29 No. 7 July/August 2012 - $6.95 THINKING OUTSIDE THE RECYCLING BOX Start-ups are migrating to the region from all over the planet Think Plastics is reusing millions of pounds of “non-recyclables” RECORD-SETTING DEVELOPERS Greg Voisin and Paul Dietrich come out of retirement to build the largest commercial development in the region INSIDE • OpenText Celebrates • King of Cambridge • $30 Million Hyperdrive • Job Trends of Grads SPECIAL SECTION: BUILDING EXCELLENCE AWARDS ENLIVENING THE CREATIVE ENTERPRISE MIXED REVIEWS FOR RIM WATERLOO REMAINS CONFIDENT MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS MEDIA MAN AND NOT SO RETIRED DENNIS WATSON Vol. 29 No. 4 March/April 2012 - $6.95 INSIDE • HR meets social media • Going up in smoke • Celebrating entrepreneurs in song • Waterloo innovation exported to Australia INSIDE • Choosing Waterloo over the rest of the world • Local app touts local produce • Launch Pad $50K reborn SPECIAL SECTION: YOUR GUIDE TO INTELLIGENT PHILANTHROPY JAPANESE - CANADIAN CONNECTION STUDENT LAUNCHED FUND REACHES $10 MILLION MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS SPECIAL SECTION: CENTRE FOR FAMILY BUSINESS HELPING TRANSFEREES FEEL AT HOME ACCESS 2012 : A DEVELOPING MARKET MAGAZINE FOR ENTREPRENEURS / ENTERPRISES / ECONOMIC DEVELOPERS / EDUCATORS Vol. 29 No. 8 September 2012 - $6.95 BRINGING OKTOBERFEST BACK FROM A NEAR DEATH EXPERIENCE Vol. 29 No. 3 January/February 2012 - $6.95 OPTIMISM OR BLIND FAITH? THE AMAZING SUCCESS STORY OF YOUR LOCAL BBB OPPORTUNITY HEATING UP AT IGLOO Exchange examines the next three years “Your digital workplace in the Cloud” GOOGLE SEARCHES FOR THE FUTURE Failure is a key stop on the road to sucess INSIDE • Beyond Economics - the Canadian Index of Wellbeing • From Greenfields to Brown Waterloo CAO Tim Anderson • You’re invited - participate in the Exchange on-line survey INSIDE • Creative Enterprise Initiative • Can you call your boss an ass? • Media Man stirs it up COLLABORATION IN THE CLOUD : A SPECIAL SECTION OF THE CTCA INSIDE • Borski’s got your back • Tracy Robertson : Community Builder • LPGA stats and success • Disabilities : a developing market “thought, strategy, planning, construct” sharing stories on all industries from the Waterloo hub since 1983 FOR ENTREPRENEURS/ENTERPRISES/ECONOMIC DEVELOPERS/EDUCATORS EXCHANGEMAGAZINE.COM expand your understanding, expand your reach read daily at www.exchangemagazine.com . more information call 519 886-0298 x 305 24 | w w w . e x c h a n g e m a g a z i n e . c o m Douglas might be describing himself when he offers this explanation of how angels develop. “It’s something that evolves over a life time,” he says. “These usually are people who are involved in business and are successful and achieve various levels of excellences, including financial success. They have an interest in re-investing in companies; they also like to give back to the community. They’re interested in creating prosperity – it’s all part of an ‘eco-system’.” Furtado talks enthusiastically about two of his personal interests that come together perfectly in the Angelnet endeavour. He has owned and operated a financial business for 34 years, and is still actively involved. But he has also been a very devoted member of the Kiwanis Club – which Douglas is also involved in – for 30 years. That mix of Furtado’s love for business and commitment to community service have propelled him into the GTAN project. “Angels typically want to be in and out in a three to five year period.” “Angel networks are all about relationships,” he says, and Furtado values human relationships above almost anything else. Douglas also brings a mix of interests to his current role. “I’m a Chartered Accountant by profession who’s had a fascination with entrepreneurial interests for as long as I can remember,” he says. He first invested in a business in 1978, and “I have been self-employed in a variety of businesses since that time.” He first became an angel investor in 1998; today, he says, “I devote all my attention to the angel investor community and more specifically the Golden Triangle Angelnet.” GTAN is an innovator in its own right, sponsoring meetings where three carefully chosen start-ups pitch to a group of potential investors, and also hosting the successful LaunchPad 50K, a showcase for start-ups that resulted in investments made in a number of companies. Douglas sums it their role as facilitators, but not investors, simply: “We are a dating agency, but we don’t go out on dates.” He adds, “we’re trying to build the ecosystem.” Exch-oct12_pgs14-25:Exchange 8/31/12 11:28 AM Page 25 MOVER & SHAKERS Furtado wears his heart on his sleeve, when it comes to causes which he believes in. For example, he describes his role with GTAN as “a labour of love.” And Douglas is right behind him: “You could describe it that way for both of us. Carl is very generous with his time without compensation,” and he describes his own North Wellington, and Stratford and environs. GTAN was founded in late, 2009. From the beginning, the method has been to hold monthly meetings (ten months of the year) where they “showcase three early stage, high growth opportunities to an audience of angel investors.” Those Douglas says, “Carl and I both have a common belief in altruistic service, for benefits we have received from our community and our economy. This is an opportunity to give something back.” remuneration as “more like expense reimbursement.” So why do they have such a high level of commitment to GTAN, when they are neither paid staff, nor one of the young companies benefiting from their “dating service”, nor one of the investors whose faith in a start-up may indeed be repaid handsomely? Douglas says, “Carl and I both have a common belief in altruistic service, for benefits we have received from our community and our economy. This is an opportunity to give something back.” He mentions the word, “legacy.” He also admits that he likes it: “This is a place where I have a high comfort level in performing and being active. Economically, my community will gain, remain sustainable, be a prosperous place.” Furtado is a passionate community activist. And both Furtado and Douglas are quick to explain that their community includes an area larger than their home town of Cambridge. GTAN serves Cambridge, Kitchener, Waterloo, Guelph and companies are well vetted by a ten-person volunteer committee before they ever get the opportunity for this pitch. The idea is a winner. In the first sessions, GTAN attracted about 15 potential investors; today, between 50 and 60 show up. Angel investors pay a membership fee to GTAN – $500 – and would-be investors are eager to do so, as the membership has grown from 30 to 120 since 2009. In three years, GTAN has showcased slightly more than 90 early stage companies; angel investors have opted to invest in 22 of them; “our angel investors have invested over $13 million in early stage companies.” The provincial and federal governments are strong supporters of efforts like GTAN, through agencies like the FedDev Ontario program, which contributes $1 for every $2 invested by angel investors. FedDev is headed by Gary Goodyear, federal Minister of State for the Federal Economic Development Agency for Southern Ontario (and not coincidentally, MP for CambridgeNorth Dumfries). Matching government funds have added about $10 million to the angel investment sum, bringing the total impact on the start-ups to “in excess of $20 million in three years.” Furtado says that the FedDev program “really changed the game for us and for our community. We were early adopters of the program, the first agency in.” Douglas is proud to note, at this point, Wee don’t don n’t ke make ccocktails ockktails Wee craft W craft extraordinary extra r ordinary moments, tthat hat at be come moments, become extraordinary extraordinary memories. memories. charcoalgroup.ca O C T O B E R 2 0 1 2 | 25 Exch-oct12_pgs14-25:Exchange 8/31/12 11:28 AM Page 26 Exch-oct12_pgs14-25:Exchange 8/31/12 11:28 AM Page 27 MOVER & SHAKERS that all 22 companies that have received investments are flourishing today. One star example is Miovision; another upand-comer is Top Hat Monocle, which Rob Douglas: an entrepreneur in accountant’s clothing. has more recently received venture capital investment of $8 million. It was the lack of available venture capital that initially inspired governments to get involved in investment programs for early stage companies. Douglas paints a stark economic picture: “In the late 90s, venture capitalists were coming by the busload out of Toronto. In 2000, the VCs all went away.” In 2007, the government of Ontario’s Ministry of Economic Development and Furtado and Douglas are quick to share credit with the late David Borges, a key GTAN volunteer and friend who passed away at the age of 42. The GTAN founders see themselves as one element in a complex economic system in the region. They maintain close ties with institutions such as the Accelerator Centre, Innovation Guelph, and the Communitech Hub, places that identify and nurture young entrepreneurs and early stage companies – the very entities that need the GTAN “dating service.” GTAN receives a significant number of queries from start-ups seeking investors. Each month, those are whittled down to six, which are checked out by GTAN’s volunteer experts. Three are chosen to meet with potential investors. There are no restrictions as to the type of company that may be approved for the monthly sessions. “We’ll give anybody an opportunity,” says Douglas, and the two men check off a list of categories they have seen – health care, pharmaceutical, cinema, manufacturing. But they also admit that high tech seems often to hold the most allure for angel investors. “The Wee don’t donn’t prepar are prepare steaks steaks aks Rob Douglas sums it their role as facilitators, but not investors, simply: “We are a dating agency, but we don’t go out on dates.” Innovation launched the Angel Network Program “to create a dozen or so angel networks across the province who could service their local communities and collaborate or cooperate on investment opportunities,” says Douglas. “Angel networks filled the [VC] gap.” GTAN’s founders are clearly non-partisan, praising the foresight of both the federal Conservative government and the provincial Liberal government. With the impetus from both levels, and the commitment of Douglas, Furtado, their volunteer board and their volunteer experts who preview potential start-ups, it may not be surprising that GTAN is “one of the most successful – if not the most successful” of angel networks in the province. appetite we observe in our membership is more IT than anything else,” probably because historically, IT companies have shown rapid growth and therefore faster ROI. Says Douglas, “angels typically want to be in and out in a three to five year period.” That may be a good goal for investors, but it must be said that both the investors and the start-up companies that have benefitted – and will continue to benefit – from the Golden Triangle Angelnet should be deeply grateful that Rob Douglas and Carol Furtado have no such time limit on their service. In fact, they admit they don’t have a succession plan – they’re going to keep doing what they do, for the good of their community and its economic health. X Wee prep W prepare are eextraordinary x raordinary xt momen ts, tthat hat at be come moments, become extraordinary memories. extraordinary memo ries. charcoalgroup.ca O C T O B E R 2 0 1 2 | 27 Exch-oct12_pgs26-40:Exchange 8/31/12 11:32 AM Page 28 GOOD GOVERNANCE ANY GOOD NEWS COMING OUT OF BOARDROOMS? Boards rarely make headlines for adding value by JOHN T. DINNER JOHN DINNER is president of John T. Dinner Board Governance Services (www.boardgovernance.ca). He can be reached at [email protected]. was asked recently to identify situations where boards of directors were credited with making a positive contribution to organizational success. While there are many examples where boards are criticized for inept oversight, boards rarely make headlines or are publicly acknowledged for adding value or making a significant, game-changing business decision. I cult to identify and quantify, particularly from the outside looking in. The role of any board is, in large part, to set strategy and monitor the success of its execution. Other responsibilities relate to these two overriding activities. The Globe and Mail conducts an annual review of Canada’s corporate boards, the outcome of which is the centerpiece of its annual governance rankings and identification of what are, arguably, Canada’s best boards. However, the rankings fail to identify what impact these boards have had on organizational success. Rather, they focus on board practices and rank how well these governance inputs are implemented. The outcomes these activities help to achieve are not discernible and do not help to define the value the board brings to its respective organization or the contributions these boards make. Essentially, the rankings depict the quality of the The board is rarely publicly credited with making a significant contribution or making significant decisions beyond the hiring or firing of the CEO. Few decisions made by Boards of Directors become public unless there is significant controversy surrounding them. The reasons for this are three-fold: • Good news rarely makes news, whereas real or perceived incompetence does; • The work of boards is largely confidential, making it difficult for outsiders to determine how well a board performs and what contribution it makes; and, • Business success is largely attributable to management as opposed to boards. This is not to say that boards can’t or don’t play a critical role ensuring accountability for results, transparency of business processes and dealings and fair treatment of key stakeholders. However, the role of boards is largely restricted to input on good governance practices, the outcomes of which are often diffi- platform on which good governance can take root and deliver on the principles of accountability, fairness, transparency and the like. Management typically gets the spotlight when it comes to organizational success. The board is rarely publicly credited with making a significant contribution or making significant decisions beyond the hiring or firing of the CEO. This speaks more to the focused role of the board (and the confidentiality of its deliberations and decision-making) than it does to good governance or board effectiveness. By way of example, the Board of Research in Motion has received disparaging reviews as that company’s share price plummeted and the threat of the loss of another Canadian tech icon loomed heavy during the past year or so. As easy as it may be to blame the ͕ ͖͜͝ Ǧ Ƭ Ǧ Ǧ Ǧ Ǧ Ǧ Ǧ Ǧ Ǧ Ǧ Ǧ Ǧ $7* ', $021' 287/(7 +D U Y D U G 5G *X H O S K 1R )U L O O V 3O D ] D 6K H O G R Q 'U 8Q L W &D PE U L G J H ZZZ D W J G L D PR Q G R X W O H W F R P L Q I R #D W J G L D PR Q G O R X O H W F R P 28 | w w w . e x c h a n g e m a g a z i n e . c o m Exch-oct12_pgs26-40:Exchange 8/31/12 11:32 AM Page 29 GOOD GOVERNANCE Board for its seeming passivity, it’s impossible to know what inaction or ineffective oversight occurred in the RIM Boardroom. It’s also easy to speculate, but hard to imagine, that highly competent and successful individuals merely sat on their hands while the Company floundered. Just the same, there’s little evidence that the RIM Board provided bold leadership in making the kind of decisions to navigate the extremely competitive and dynamic marketplace for smartphones. Again, these kinds of decisions are typically within the purview of management and, in the case of RIM, the CEOs were generally seen to be the primary contributors to the company’s success and, also, primarily responsible for its inability to remain as competitive as many expected. Undoubtedly, the most important decision a board makes is hiring the CEO and this should, and typically does, impact everything else for which the board is responsible (e.g., strategy development and execution, risk oversight, etc.). As the following examples suggest, the hiring of a CEO is a decision with a longer-term horizon. Success can only really be assessed by considering the CEO’s legacy achieved over time. Some examples could include: • Apple Computers’ rehiring of Steve Jobs, which led to the company’s unprecedented success. In 1997, Apple had no future. In 1998, the company beat analyst forecasts following a $1 billion loss the previous year with the launch of the iMac. This was the start of an amazing series of innovative product launches that arguably made Apple the preeminent technology firm in the world. The need for quality directors is in no way diminished by the fact that boards operate away from the public eye. • The IBM Board’s hiring of an outside CEO in 1993 resulted in strong investor favor. Traditionally, IBM recruited its CEOs from within the company. The appointment of Lou Gerstner as CEO from 1993 to 2002 marked the first non-IBM lifer to assume its top job. Gerstner had been CEO of RJR Nabisco for four years and spent 11 years at American Express Company, where he was president of the parent company and chairman and CEO of its largest subsidiary, American Express Travel Related Services Co. Like Jobs, Gerstner also resurrected a failing company. • More recently, Yahoo! announced the hiring of Marissa Mayer as its CEO, the fifth individual to fill this role in the last five years. Recruited from Google, Mayer is regarded as the tech heavyweight Yahoo! needs given its uncertain future and her string of product successes at Google. Whether this decision will live up to its potential remains to be seen. These are a few anecdotes that support the important role and influence of any board. The fact that there are a plethora of examples of heavy hitting boards is, again, a factor of how boards function and their oversight role. The need for quality directors is in no way diminished by the fact that boards operate away from the public eye. This fact makes it difficult then to promote a form of board membership when there are more examples of boards that appear to have failed in fulfilling their duties. X O C T O B E R 2 0 1 2 | 29 Exch-oct12_pgs26-40:Exchange 8/31/12 11:32 AM Page 30 SOCIAL MEDIA OUTSOURCING SOCIAL MEDIA 2010, 14% outsourced social media marketing. By 2012, that number more than doubled to 32%, according to the 2012 State of the Social Media Marketing Industry report. But just because more companies are outsourcing, it doesn’t necessarily make it right for you. The answer really comes down to your specific situation – either option can work very well in the right circumstances. First, the key pros and cons of outsourcing: A magic bullet or a major pain? by HARP ARORA t seems there’s a bright and shiny new social media site every week. Just when you got up to speed on the intricacies of Facebook, LinkedIn, Twitter, and YouTube, along comes the next big thing you simply can’t ignore, according to the gurus. Whether they’re right or not, a bigger issue exists: finding enough time for social media while trying to run a successful business. I • Time: you’ll save time when someone else develops the strategy and content, posts updates, and interacts with your community. This allows you to focus your time on critical business operations. • Technology: no need to learn how every single tool We all know being active on social media takes substantial time – probably more than you banked on. And as the tools and platforms proliferate, it will only get worse. HARPARORA, MBA, is Principal, Sedona Communications and Adjunct Faculty, University of Waterloo & WLU; email harp@sedonacommunicatio ns.com. Pros We all know being active on social media takes substantial time – probably more than you banked on. And as the tools and platforms proliferate, it will only get worse. So what’s the answer when you’re already stretched thin on resources? Some companies are choosing to outsource. In works. Experts who know their way around the technology can do it fast, easily, and effectively. • Consistency: you can be more consistent in both your messaging and the frequency of your interactions. The fact is that companies are expected to be active YOU’RE INVITED! /HDUQ DERXW HQHUJ\ HI¿FLHQW SURGXFWV WKDW ZLOO KHOS ORZHU \RXU FRPSDQ\¶V HOHFWULFLW\ FRVWV -RLQ XV 7KXUVGD\6HSWHPEHU WK DP WR SP 0DUVKDOO +DOO %LQJHPDQ¶V 425 Bingeman’s Centre Dr. Kitchener 5HJLVWHU WR DWWHQG DW ZZZVDYHRQHQHUJ\V\PSRVLXPFD 6SRQVRUV I N C O R P O R A T E D 30 | w w w . e x c h a n g e m a g a z i n e . c o m Exch-oct12_pgs26-40:Exchange 8/31/12 11:32 AM Page 31 SOCIAL MEDIA on social media today and when that activity is erratic or non-existent, it creates negative perceptions. A recent and rather frightening Satmetrix study found that 42% percent of B2C companies ignore customers that provide feedback via social media. The number soars to 69% for B2B companies. Talk about a huge opportunity to improve customer satisfaction and loyalty! Cons • Knowledge of your company: people outside your organization are not going to have the same depth and breadth of knowledge about your processes, people, and day-to-day happenings. If there are any gaffes, its your company that will ultimately pay the price. • Authenticity: more than ever, it’s critical to be authentic and transparent. Someone outside may not be able to communicate as well in the voice and tone of your company, which may lead to a loss in credibility and trust. • Business expertise: many social media experts know the tools and how to engage community, but have a limited understanding of the big picture – crucial things like business strategy, objec- tives, and brand strategy. Social media without this understanding is a complete waste of time – it is meant to support strategy and help you meet objectives, whether to increase market share, differentiate from competition, drive brand awareness, generate leads, etc. The need for quality directors is in no way diminished by the fact that boards operate away from the public eye. So where does that leave you? First, take a look at your organization’s resources, skills, and priorities. Do your people have time for social media? And do they understand both your business and the social media tools available? If yes, great. If not, you still have options: • Train those who have a solid understanding of your business on social media tools. It’s much easier to train experienced people on tools than it is to train inexperienced people on strategy. There are many excellent social media consultants and trainers out there who can do this at a very reasonable cost. • Outsource. You have many choices about what to outsource – from help in developing your social media strategy, to page design, developing content (blogs, videos, case studies etc.) creating posts, responding to customer service issues, measuring results and monitoring what people are saying about your company. If you go this route, set your organization up for success, by (a) hiring an agency or consultant who is well-versed in both business and social media strategy, (b) creating a review process so you know and approve of what is being posted on social media sites, and (c) ensuring social media duties are not handed off to a junior associate once the contract is in place. Without these precautions in place, you may have a mess on your hands. As Chrysler did when its agency rep posted about his drive in to work on Chrysler’s Twitter account: “I find it ironic that Detroit is known as the #motorcity and yet no one here knows how to f*cking drive.” Gulp. X COMMITMENT S ince 1951, Schiedel Construction Incorporated has provided Design and Construction for Industrial, Commercial, and Institutional buildings. It is our continued commitment to work persistently and diligently to provide the highest degree of professional construction services possible. You can count on Schiedel Construction for Quality, Value and Performance on your project. 405 Queen Street West Cambridge, Ontario N3C 1G6 (519) 658-9317 www.schiedelconst.com O C T O B E R 2 0 1 2 | 31 Exch-oct12_pgs26-40:Exchange 8/31/12 11:32 AM Page 32 WEALTH MANAGEMENT tips will help you navigate through the critical first few months of new wealth. These five essential steps will help you turn new wealth eventually into old money. SUDDEN WEALTH Take a time out Turning new money into old money by DANIEL E. GIRARD n North America, over the next ten years, current estimates suggest that more than $25 trillion in sudden wealth will be received. This swift pool of money will come from stock options, inheritances, commuted values of pensions, sales of family businesses, farm (and I The emotions associated with becoming wealthy rapidly can be incredibly disruptive to managing money effectively. For this reason, the first thing to do after your wealth event is to take a time-out. This decision-free time is a period in which you make no changes in your life. By taking this time out and gaining perspective on the changes your wealth will bring, you’ll be giving yourself time to grow accustomed to your new situation. More importantly, you’ll be protecting your wealth from ill-considered financial decisions. Three to six months is a good guideline. Those who have come into wealth rapidly often feel there is no limit to their wealth — but I assure you, there is. DANIEL E.GIRARD CFP, FMA is an Investment Advisor with The Craig-Girard Investment Group, CIBC Wood Gundy in Waterloo. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and member CIPF. The views of Daniel Girard do not necessarily reflect those of CIBC World Markets Inc. other land) sales, divorce, insurance settlements, sports and entertainment contracts, and lotteries. Unfortunately, many of the recipients won’t know how to handle their newfound wealth effectively and will see it dwindle quickly. Sudden wealth can be defined as the receipt of a lump sum of money greater than one has ever experienced before. A person who experiences a sudden money event will often go through a range of confusing emotions. Some will feel overwhelmed, confused, fearful that they may lose the money, or become isolated out of trepidation that someone may try to take advantage of them. Others will feel free, elated and more powerful than ever before. Regardless of the individual feelings, all realize that their financial position has changed and experience uneasiness about what to do next; how to best manage their new position for their personal, and their family’s, long-term benefit. No matter the origin of the windfall, the following WATERLOO KITCHENER/GUELPH CAMBRIDGE 32 | w w w . e x c h a n g e m a g a z i n e . c o m Make a wish list During your gaining perspective time, construct a wish list. This shouldn’t simply be a list of things. Rather, it should be a list of outcomes you would like for you and your family. Ask yourself: What would make me truly happy for the rest of my life? Living abroad? Funding my children’s education? Supporting important causes? Traveling? Owning my own business? A new car, fishing boat or dream vacation are great short-term goals. However, you want to think about what your new wealth can mean to the bigger picture. Some items on your list will be easy. Others will become clear after some time and thought. Build a team The most important task for the vast majority of newly wealthy individuals is to seek professional help. The sooner you start working with competent professionals, the sooner your new wealth can be made secure. 519.746.3498 226.647.0226 519.658.2552 www.bbcommercialsolutions.com Exch-oct12_pgs26-40:Exchange 8/31/12 11:33 AM Page 33 WEALTH MANAGEMENT Now that you’re wealthy, you need to understand that your finances require more care, more attention, and more knowledge from your professional advisors. In general, you want trustworthy and competent advisors in the areas of taxation, law, and financial and investment planning (wealth management). Furthermore, one of these professionals, usually the wealth manager, should assume the role of quarterback or personal CFO. They help coordinate the expertise of the other advisors and make sure decisions are focused on accomplishing your goals. Now that you’ve gained some perspective, made a wish list and identified a team of professionals, you can evaluate what you can actually afford, and when. This can be difficult; those who have come into wealth rapidly often feel there is no limit to their wealth — but I assure you, there is. Determining the cost of one-time, immediate wishes is easy. However, work with your wealth management advisor to calculate what current purchases will mean to the long-term viability of your goals, and what needs to be done to ensure the affordability of future goals. Take into consideration inflation, tax and varying investment returns. The Centre for Family Business (CFFB) strives to help business families reach their fullest potential, and has become one of Canada's largest membership based family business associations. Since 1997, CFFB has been delivering relevant educational programs and providing the necessary support that allows families to achieve their enterprising goals, fulfill their dreams and strengthen their families. Divide & succeed With the previous fours steps taken care of, now comes the time to ensure your money is managed properly. You want to divide your wealth into two distinct pools. The first will be your pool of safe money – the wealth that will provide your desired lifestyle for the rest of you life, the wealth you can’t afford to lose. Your wealth management team should be able to help you build a suitable portfolio for this money to provide safety, inflation protection, and tax-preferred income. The second pool is your fun money. This pool can be used for whatever you want – purchasing luxury items, philanthropy, high risk investing, or just plain having fun. The key with this pool is, don’t feel anxious about spending it. It’s there to enjoy after the first pool is secure. Experiencing a sudden money event opens the door to new opportunities and the financial resources to do the things you’ve always dreamed of. If managed properly, it can provide you and your future generations a lifestyle you may have never thought possible. Take your time, plan effectively and enjoy your new wealth. Join our Family ‘round the Table - October 19, 2012 Our newest Roundtable Group will be centre stage this morning sharing their experiences SUPPORT – ENERGIZE – EDUCATE For more information call 519.749.1441 or visit www.cffb.ca ,PDJHLV(YHU\WKLQJ &RPPHU F L DO 5HV L GHQW L DO *U RXQGV 0DL QW HQDQF H 5HV L GHQW L DO 'HV L JQ %XL O G /DQGV F DSL QJ 'HVLJQ%XLOG0DLQWDLQ*URZ &RPPHU F L DO 6QRZ , F H 0DQDJHPHQW %XL O GL QJ DQG PDL QW DL QL QJ H[FHSW L RQDO O DQGVFDSHV L Q :DW HU O RR 5HJL RQ VL QFH X O C T O B E R 2 0 1 2 | 33 Exch-oct12_pgs26-40:Exchange 8/31/12 11:35 AM Page 34 WATERCOOLER TECHTOWN, a 60,000 sq. ft. building located in the David Johnston Research + Technology Park, has been donated to the University of Waterloo. TechTown is a multi-tenant professional services building which opened in January, 2007 on the north campus. The building provides services to the employees in the Park, the University of Waterloo and the local community including everything from health and wellness services to childcare. Services and amenities at TechTown will continue uninterrupted. “The University of Waterloo is pleased to accept this generous gift which will enhance the ameniToby Jenkins has donated ties offered under the auspices of TechTown to UW. the university at the Research and Technology Park,” said Feridun Hamdullahpur, University of Waterloo president. “This building provides a great opportunity to further enhance the university’s core functions and ensure we continue to attract the best and brightest to Waterloo.” The donation has been made by Toby Jenkins, a University of Waterloo graduate (Environmental Studies, ’82). TechTown is the realization of Jenkins’ vision for a central location to provide a variety of services needed to support the vibrant community. The University of Waterloo graduate worked with companies and organizations located within and surrounding the park to realize the vision, culminating in the building donation to the university. “As a University of Waterloo alumnus, I am delighted to make this donation”, said Jenkins. “It has been wonderful to see the realization of the TechTown vision.” Ownership of TechTown was transferred to the University of Waterloo on August 1, 2012. THE LPGA and Sports Properties International have announced that the second staging of the Manulife Financial LPGA Classic will be July 8-14, 2013 at Grey Silo Golf Course in Waterloo. The tournament will feature a full field of 144 players from all over the world competing in a four round, 72 hole, stroke-play format. Golf Channel will once again provide four days of live coverage from Grey Silo to over 150 countries across the globe. More than 66,000 spectators attended the inaugural tournament in 2012, won by American Brittany Lang in a thrilling fourhole playoff. “The world is coming back to Waterloo,” said Hugh Morrow, CEO and Chairman of Sports Properties International, which owns the tournament. “The inaugural year was a tremendous success. We are anticipating the 2013 tournament will be bigger and Brittany Lang, winner of the 2012 Manulife Financial LPGA. better.” “I can’t tell you how delighted we are to continue our sponsorship of this exciting tournament,” said Brian Gooding, Senior Vice-President of Distribution at Manulife Financial. “From the great number of fans, partners and volunteers, this community has created a world-class sporting event like no other. Feedback about the inaugural event has been so positive and we can’t wait to help shine the global spotlight back on Waterloo Region.” 34 | w w w . e x c h a n g e m a g a z i n e . c o m IGLOO SOFTWARE, a leading provider of social business software in the cloud, has announced the opening of its second European office alongside growing traction in the Asia-Pacific region. One in four of the company’s over 200 customers have international operations and Igloo now has three regional offices around the world providing sales, service and support to its global customer base. Andrew Dixon “Igloo has expanded rapidly since launching in 2008 and now has customers in 80 countries worldwide,” said Andrew Dixon, Senior Vice President, Marketing & Operations for Igloo Software. “The establishment of our second European office is a reflection of the rapidly growing demand for Igloo and its multilingual capabilities in geographies around the globe.” The second European office, which has been named the European headquarters, is located in St. Gallen, Switzerland and is expected to grow rapidly. Heading up operations is industry veteran Marco Palatini who was named Vice President for the region. Palatini was previously the Managing Director of European Operations for OpenText Corporation and was largely credited for opening up the European market for the company. Prior to that, Palatini served as CEO of Arcplan Information Services AG. Igloo recently completed a tour of China meeting with government officials and competing in the Demo China 2012 event in Harbin. The DEMO conferences have earned their reputation for consistently identifying tomorrow’s cutting-edge technologies and have served as a launch pad for companies such as E*Trade, Salesforce, WebEx, TiVo and VMware. Twelve overseas teams from eight countries competed for the chance to proceed to the signature event in Hangzhou later this month and Igloo was selected as the top cloud computing vendor. “China’s investment in innovation is unparalleled and it is fostering an envi- Exch-oct12_pgs26-40:Exchange 8/31/12 11:35 AM Page 35 WATERCOOLER ronment that is ideally suited for nurturing new technologies,” remarked Dr. Richard Reiner, one of the official judges of the Demo China panel. “I was impressed by Igloo’s unique position in leveraging cloud, mobile and social to truly transform how we do business in China, and this was one of the primary reasons we selected Igloo as the winner in the cloud computing category.” In lock step with the expansion into new geographies, Igloo’s web-based collaboration suite now supports multilingual translation. Upon login, users can set their default language preference. As they collaborate with peers in different countries, a tabbed view enables instant and verified translations of all social content. Igloo is currently available in English, French, Spanish and Portuguese, with plans to add additional languages in the coming months. clean water and air. We are starting to see a real commitment by regional governments to enforce positive change that will lead to significant potential growth opportunity for Biorem.” THE ACADEMIC RANKING OF WORLD UNIVERSITIES has again named the University of Waterloo among the top 200 universities in the world. Waterloo’s results place it seventh among 22 Canadian institutions. Waterloo is within the 151-200 range of ranked institutions. After 100, the next 400 universities appear in groups, and not assigned a specific number. “The University of Waterloo is committed to its goal of achieving a level of academic excellence that puts us among the top 100 universities in the world,” said Feridun Hamdullahpur, president and vice-chancellor of Waterloo. “While we are pleased with these results, we will BIOREM INC. has announced that it has received two orders in Asia totalling $3.1 million. The first order for an odour control system for installation in Kuala Lumpur, Malaysia, consists of eight separate systems within an underground state-of-the-art green-field waste water treatment facility. The system will incorporate Biorem’s latest technology using its proprietary XLD filtration media. The second order is for a biogas purification system which will remove Hydrogen Sulfide from a large biogas facility in China utilizing a specialized bio-trickling Peter Bruijns filter developed by Biorem. This is the second order received from this client within the last six months. “Biorem has been active for several years in Asia having patiently developed relationships and a corporate structure which allows the company to be competitive on all projects requiring high quality performance” said Peter Bruijns, President & CEO. “The Asia region is in great need of environmental technologies to Feridun Hamdullahpur continue with our dynamic, innovative approach so that we may build on our successes to meet our objective.” The Centre for World-Class Universities at Shanghai Jiao Tong University releases the ARWU. Waterloo gained ground in several areas. It is ranked 43rd in the world in the Engineering/Technology and Computer Science category, and its ranking puts it second in Canada. This year, the university also appears in categories where it was unranked in 2011. Waterloo is within the 76-100 range for chemistry, the 101150 range for mathematics, and the 151200 range for physics. It remained in the 76-100 range for computer science, unchanged from last year. SUN LIFE FINANCIAL celebrated the 100th anniversary of its Canadian headquarters building this summer, as the company continues to grow its business in the region and support the retirement needs of an aging population in both Kitchener- Dean Connor Waterloo and across the country. The celebration included a public event featuring the unveiling of a provincial plaque from the Ontario Heritage Trust. “On behalf of our 3,000 employees and advisors in the region, I’m thrilled to be celebrating 100 years of our building’s history and receive this honour from the Ontario Heritage Trust,” said Dean Connor, President and CEO, Sun Life Financial. “Sun Life Financial’s Canadian headquarters is a symbol of our evolution and commitment to the region. We remain focused on supporting the financial planning needs of our clients in the community.” Sun Life continues to grow its business in the region to support the retirement needs of the aging population. According to Statistics Canada, more than 21% of the region’s population will be 65 or older by 2031, representing 126,000 people of a projected 600,000. “The record number of baby boomers who will be retired in less than 20 years in the Kitchener-Waterloo region and across Canada is a trend that’s quite striking,” said Kevin Dougherty, President, Sun Life Financial Canada. “We’ve been in the region for more than 100 DIVISION OF I-A-C INC. PROFESSIONAL MANAGEMENT SPECIALIZING IN: MULTI-RESIDENTIAL COMMERCIAL INDUSTRIAL PROJECT MANAGEMENT LOCALLY BASED - ON CALL 24 HRS. Website: www.orbis.ca O C T O B E R 2 0 1 2 | 35 Exch-oct12_pgs26-40:Exchange 8/31/12 11:36 AM Page 36 WATERCOOLER TRAVEL MATH? Goliger’s Corporate agent + Goliger’s reservation tools + Goliger’s renowned service = A better way to book corporate travel LIZ WARD, ACCOUNT DIRECTOR 234 KING ST. S. | WATERLOO 519.741.0770 DANNY MURRAY, ACCOUNT DIRECTOR www.goligerstravel.com years and we are continuing to grow at a time when the aging population is on the rise and the need for help with financial planning for retirement has never been greater.” Sun Life’s financial advisors in Kitchener-Waterloo continue to provide financial planning support across the region, a presence that began in 1869. Sun Life contributes to the local economy as one of the region’s largest employers, and in 2011 invested $250 million towards employee payroll, business and property taxes. Sun Life is also a committed community partner, supporting organizations like the Kitchener-Waterloo Art Gallery, the Kitchener Rangers and local events including: Sun Life Financial Waterloo Busker Carnival, Sun Life Financial UpTown Waterloo Jazz Festival and Culture Days. Employees and advisors organize annual coat, toy and food drives to give back to the less fortunate during the holiday season. MIOVISION TECHNOLOGIES , a innovator and provider of intelligent traffic data management solutions, has been named a finalist in the 2012 Ontario Business Achievement Awards by the Ontario Chamber of Commerce, in the RBC Royal Bank Award for Small Business category. Miovision is one of three finalists in the category, having been selected from hundreds of nominees. This award honours small businesses (under 100 employees) that demonstrate a progressive attitude and approach to their sales and new market development, company culture, environmental stewardship and corporate citizenship. Now in its 30th year, the Ontario Business Achievement Awards celebrates business innovation and entrepreneurial success from all sectors across the province. Finalists are likewise recognized for their creativity, passion and drive for doing business in Ontario. Since 2005, Miovision grown from a start-up company of just three university graduates to an international company of 85 employees serving 350 customers in 27 countries spanning five continents. Miovision’s automated traffic data collection technology uses video to capture data about traffic volume, vehicle move- Kurtis McBride Website: www.parkcapital.ca Professional Real Estate Services Specializing In: Industrial/Commercial Sales & Leasing Investments Consulting Mortgage Financing 76 Dawson Road, P.O. Box 923 Guelph, Ontario N1H 6M6 Tel: (519) 824-9900 Fax: (519) 824-2471 Website: www.parkcapital.ca E-Mail: [email protected] 36 | w w w . e x c h a n g e m a g a z i n e . c o m ments, roundabout counts, etc. This data is helping cities and municipalities across the globe to measure, manage and fix traffic problems such as congestion, long travel times, carbon emissions and road safety. “We are honoured and thrilled to have been selected by the Ontario Chamber of Commerce as a finalist for an OBAA in the RBC Royal Bank Small Business category,” says Kurtis McBride, CEO and cofounder of Miovision. “We are gratified to have our commitment to advancing industry innovation, environmental sustainability and community investment recognized in such an incredible fashion, and to be regarded as one of the top small businesses in Ontario alongside the other finalists.” The award winners will be announced at the annual OBAA gala on October 24, 2012 in Toronto. EXECULINK TELECOM continues to grow with new products and services, a decision has been made to move their Company Headquarters and state of the art Data Centre to Woodstock, Ontario. CEO of Execulink, Ian Stevens said, “With a long history in Oxford County, Woodstock is an ideal location in relation to our customer base. The consolidation and the growth of our new facilities will enhance our internal efficiencies and better support our customers”. The new office building will be located at 1143 Ridgeway Road and expect to be operational in the first half of 2013. Mayor Pat Sobeski welcomes the official announcement of Execulink’s plans for the facility in Woodstock and indicated that “this investment continues our long term strategy of diversifying the economic base of the community. Execulink’s decision to build this facility in Woodstock will provide the company with many internal efficiencies and at the same time reflects the inherent advantages that a Woodstock business location can offer. ” DESIRE2LEARN INCORPORATED has announced its recognition as a 2012 Microsoft U.S. Public Sector Partner of the Year. The award honors Desire2Learn’s innovative use of Microsoft technology in support of Public Sector Agencies and Organizations. Winners and finalists were nominated and selected by Microsoft’s U.S. Public Sector team working throughout the nation. “Microsoft relies on its network of dedicated partners around the globe to deliver technology solutions that empower public sector missions” said Vince Menzione, General Manager of U.S. Public Sector Partner Strategy at Microsoft. “We are thrilled to recognize Desire2Learn as a Partner of the Year for its unwavering commitment to serving customers across education.” Desire2Learn is being awarded the U.S. Education Solution Partner of the Year award. The award recognizes a partner that excels at providing innovative and unique solutions based on Microsoft technologies to education customers. As an industry-leading SaaS Exch-oct12_pgs26-40:Exchange 8/31/12 11:35 AM Page 37 WATERCOOLER solution for education, Desire2Learn exemplifies how innovative solutions can be delivered by embracing Microsoft’s technologies to deliver Desire2Learn® Learning Suite, a robust cloud, hybrid and on premise solution for education. “Our close partnership with Microsoft enables us to deliver advanced and reliable solutions that help our clients to transform the teaching and learning experience,” remarks John Baker, President & CEO, Desire2Learn. “Education organizations are being challenged to deliver improved services while simultaneously cutting costs,” said Sig Behrens, General Manager, US Education at Microsoft. “Over the past year, the great fashion centres of Europe. This latest addition will be located in Guelph at AMG Appliances on Watson Road. A statement from the Faulds says, “Why Guelph you might ask? The Royal City is rarely mentioned among the world’s leading fashion centres. It’s really quite simple, AMG is home to North America’s largest collection of GAGGENAU luxury appliances. You may not know it, but they already lead the continent in promoting these supremely elegant appliances. Now it’s time to fire up this equipment and show exactly why these superbly engineered products are at the heart of some of the worlds finest restaurants. “If you are interested in experiencing the ultimate in ultra modern German elegance and in seeing why this legendary German brand still sets the standard against which all others are measured, just call AMG for information.” OPENTEXT John Baker Desire2Learn has shown how the innovative deployment of Microsoft technology can transform operations for our Education customers.” BUDGET BLINDS, the largest window covering company of its kind, recently expanded to the Waterloo Region. Entrepreneurs Brian and Jennifer Bartlett, Mark Riffer and Cindy Bowman, and Brian and Ashley Vermunt recently purchased franchises serving Cambridge, Kitchener, Guelph, Waterloo and surrounding areas. Before coming together for the first time at training in California, the three owners had no idea they had purchased neighbouring territories and decided at that time to work together to build their business. They offer services to businesses as well as commercial window services under their Budget Blinds Commercial Solutions business. ALAN AND SANDRA FAULDS are pleased to announce the opening of North America’s first Live GAGGENAU KITCHEN STUDIO. It will rival those already operating in Dubai, Shanghai, Singapore, and CEO Mark J. Barrenechea has outlined details of the company’s new strategy to lead the market in Enterprise Information Management, bringing the company’s unique combination of strengths in managing unstructured information and business processes to top organizations across the globe. At its core, EIM aims to help organizations manage and exploit their enterprise information to drive innovation, create competitive advantage and make better decisions about their business. “Last year, we began broadening our scope well beyond our content management heritage,” said Barrenechea. “We will continue on this trajectory, focusing on the next generation of enterprise software, to help our customers maximize the value of their enterprise information without compromising their information governance and security requirements. EIM is the market that represents this broader set of solutions and we intend to aggressively grow our leadership in this space.” “We live in a world where the firewall is no longer the boundary for business,” said Barrenechea. “Today, information is mobile and lives everywhere - in the cloud and on premises. Organizations planning for the future require new, more dynamic ways to utilize information across social and mobile applications, manage everything from compliance to security leaks and enhance business processes and information exchange with customers, employees and partners.” FIBERNETICS BUSINESS SERVICES has announced the addition of ANA (Autonomous Network Aggregation) technology to their portfolio of business services. With the addition of ANA, Fibernetics Business Services is equipped to offer customized networks to multi-site and franchise businesses across North America. ANA technology is a next-generation bonding technology that enables business customers to take advantage of the Internet where they would generally have to purchase private networks. The technology allows the aggregation of multiple connections, regardless of speed and/or type, to deliver greater bandwidth and better reliability to business customers. “We’re solving more common network frustrations today than ever before, and ANA is another powerful extension of our brand,” said Francisco Dominguez, CTO of Fibernetics Business Services. “With this addition, we are able to provide high-value networks to those companies that need them most – whether Francisco Dominguez you’re a multi-site organization that is looking to cut down on network costs, or a single-site shop.” X O C T O B E R 2 0 1 2 | 37 Exch-oct12_pgs26-40:Exchange 8/31/12 11:35 AM Page 38 MAKING A DIFFERENCE THE ASTONISHING IMPACT OF LOCAL ROTARIANS by PAUL KNOWLES Someone should be focusing on international services ill Carter understands the irony inherent in his statement: “Rotary was not founded originally to be philanthropic. It was founded to deal with a desperately bad economic situation.” The happy irony? Today, Carter and his fellow Rotarians in the Rotary Clubs throughout Waterloo Region are making a huge philanthropic impact all around the globe. B somewhat passionate about what people of influence, when they join together in a network like Rotary, can do about the world’s problems.” The K-C Rotary Club formed the KCRC International Aid Fund,” a charity that facilitates an amazing number of relief and development projects in many countries. The Rotarian volunteers have become highly adept at putting donors together with the right people to carry out the projects on the ground in the receiving communities; at times, the Waterloo region Rotarians even sponsor a new Rotary club in the receiving community. Much of the work has been accomplished in Africa and Latin America. Carter points out that the collaboration is not only international – members from other Rotary clubs in our region are also actively involved, and the KitchenerConestoga relief fund often acts as the agency of record for projects initiated or shared by other clubs. PHOTO: EXCHANGE MAGAZINE “If you’re in the game, opportunities will come along that are world class.” Rotary was founded in 1905 by businessmen in Chicago, to work together for mutual benefit in tough economic times. The group formulated a “code of conduct” that continues to guide Rotarians today. The original group was dubbed the “Rotary Club” because they rotated their meetings between their various offices. Rotary moved into Canada early in its history. Today, there are 1,200,000 members of 32,000 Rotary Clubs, internationally. The first club in Waterloo Region was the Rotary Club of Kitchener; it has inspired several more, including the Kitchener-Conestoga club, of which Carter is a member. While Rotary was founded to improve business ethics and the general economic situation, it was not long before philanthropic endeavours began. In Waterloo Region, Rotary founded the rehabilitation centre for children now called Kidsability, still a major beneficiary of Rotary philanthropy. Rotary has been a major contributor to Big Sisters, through their Dream Home fundraiser, and is also involved with other regional charities. The founders of the Kitchener-Conestoga club applaud the work done locally, but Carter says, “we thought that at least one club should be focusing on international service.” And so, Bill Carter: hard-headed businessman and the new club formed. soft-hearted philanthropist. Carter admits, “I’m 38 | w w w . e x c h a n g e m a g a z i n e . c o m One such project, the Rotary African Women’s Education Fund, is a shared effort of the KC and Kitchener clubs. David Martindale is the long-time chair of the International Fund of the Kitchener club. He shares Carter’s commitment to international aid projects, telling Exchange: “In 2005, Bill and I met with Rotarians from South Africa... and we began together a program called Community Development Care Centres aimed at orphans and vulnerable children affected by the HIV-AIDS pandemic. Since then I have coordinated 15 matching grants involving contributions from Canadian Rotary Clubs, Rotary International and funds supplied to the program by CIDA. Presently, there are 52 centres feeding 4,200 children a day in the program. “Rotary African Women’s Education Fund started because of the donation of nearly $500,000 for a fund to educate African women at University, in Africa. The donor, Audrey Wipper, is a member of the Rotary Club of Kitchener. To access other funds and expertise, we joined with the Rotary Club of Kitchener-Conestoga to set up the RAWEF.” This work has forged an amazing number of connections between Waterloo Region Rotarians and key points of immediate need around the world. A recent example is the impact of the RAWEF on the “Aboke girls,” young Ugandan girls who were kidnapped by the “Lord’s Resistance Army”, but who are now rescued and receiving educational opportunities. Says Carter, “If you’re in the game, opportunities will come along that are world class.” Today, the impact of the local Rotarians is immense – Ugandan woman are being rescued and educated; Tanzanians are drinking clean water; orphans in South Africa have full stomachs; girls in Kenya are in school; food programs are running in Darfur, Sudan and Somalia; children are cared for in Haiti; educational bursaries are being awarded in Bolivia. And that’s just a quick, unrehearsed list suggested by Carter. Of one thing, Carter is absolutely positive. “Are we making a difference?” he asks, rhetorically? “Yes!” X If you know someone who you feel has made a difference in their industry or enterprise and would like us to consider them for a Making a Difference article, email [email protected] Exch-oct12_pgs26-40:Exchange 8/31/12 au n e g Gag 11:35 AM Page 39 n e h c t i K e v Li O o i d u t S i n e p on o S ng The difference is Gaggenau. Though few people know it, AMG is home to Canada's largest and most elegant collection of the world's finest luxury appliances. Owners, Sandra and Alan Faulds have centered their entire collection around Gaggenau, the iconic German brand, whose roots go back to 1683. For generations, Gaggenau has represented the very finest in precision engineering. The Faulds are particularly excited because September marks the opening of North America's first Gaggenau Kitchen Studio. It will rival those already showing off this exclusive brand throughout the world. It will feature the most advanced appliance technology available anywhere. CONTACT: SANDRA & ALAN FAULDS TELEPHONE 519.763.3264 TOLL TREE 1-866-264-5087 [email protected] [email protected] www.amgappliances.com Why Settle for Anything Less than Germany’s Only True Luxury Brand of Appliances. Exch-oct12_pgs26-40:Exchange 8/31/12 11:35 AM Page 40