Presented By:Will MacMillan

RISK is not a 4 Letter WordExploring the Realm of Youth Entrepreneurship

Before we begin…

• Quick Poll…

Agenda• Who am I?

• Why am I here?

• What is Entrepreneurship?

• What is Risk?

• What are we going to do about it?

Who am I?

4

CPP-A Brief History

• 1971- Greig Clark started his painting company in Thunder Bay

• 1976-CPP expands to 18 franchisees

• 1979-Greig is recognized as entrepreneur of the year

5

CPP cont…• 1980-CPP expands to

the US

• 1989-Greig sells CPP to the FirstService Corporation

• 1989-CPP establishes the Leadership Development Program

6

The Franchise Company

• Network sales of over $1.3 billion• Part of First Service Corporation

– (smallest division)• 7 franchise systems, 1 non franchise

– College Pro Painters & Window Cleaners, CertaPro Painters, Paul Davis Restorations, California Closets, Pillar to Post, Floor Coverings International, Handyman Connection, Field Asset Services

7

8

• World has become more fearful

• Less stability

• Greater uncertainty

• Higher Unemployment

So Why Am I Here?

http://www.npr.org/blogs/money/2011/09/01/140122883/when-the-unemployed-become-effectively-unemployable

So Why Am I Here?

What To Do? My Two Cents

• We need more “doers” and less talkers

• Entrepreneurship ≠ Risk

• Learn to manage risk• Early experience & exposure to

entrepreneurialism

• In the past 2 years, more than 25,000 small businesses began operating in Canada.

• In the past year, 45,000 more Canadians have become “self-employed”.

• 1 in 4 of these new business owners have post secondary education (double from 1990).

• 8% of Canadians are currently self-employed (approx.2,700,000)

- Statistics Canada & CIBC World Markets Research

Entrepreneurship: Some Facts

Thoughts?

Young Entrepreneurs• Lack experience

– How they’re raised?– How they’re educated?

• Need depth of skill• Skill + Experience = Performance, fast• Limiting variables = Increased success

– Many student entrepreneurship opportunities take advantage of this: service, market, system

Experiential Learning

- Ryan Bannerman Associates, Facilitating Powerful Learning Experiences, 2009

The Gap

• Learning & Knowledge deficiency can often lead to the perception of it being riskier

What is “Risk” to a student?

Risk: DefinedRisk is defined as: • exposure to the chance of injury or loss;

danger; hazard.• the possibility of incurring misfortune or loss;

hazard

Risk: Young Entrepreneur Perspective

• It’s not a risk – it’s calculated. Vegas is a risk. Entrepreneurs don’t take risk, we plan and then execute.

• You are the risk – you make the decisions.• The opportunity cost associated with pursuing a

particular route.• Failure, and the need to start over again.

Not a Couple of Years From Now

• You have some career decisions to make…

– Employee

– Entrepreneur

25

• What are some of the differences?

• Consider risks of both & benefits of both

• Tend to focus on losing what we have (or what we think we have)

Entrepreneur vs Employee

• Practice now – get involved

• Gather Advisors & Coaches

• Later you’ll have more to lose

• Become involved in programs that provide you with responsibility

My Advice - Now is the Time

Some Options

• SIFE– SIFE Loyalist is a strong, up and coming team

• CYBF Start-Up Program– Provides up to $15,000 to start a business

• Summer Company– Provides students with $3,000 in financing to help

start a summer business

• We help finance, train & support 800+ franchisees across North America every year

• Comprehensive training from start to finish

• Real experience – marketing, operations, human resources, accounting…

• Our people are road tested. Are you?

• If we don’t think you’re ready we will tell you – it’s not for everyone

College Pro

• Take out your phones

• If you’re interested in more information text the word Loyalist Your name to 393939 (no cost to you)

• In my case I’d text Loyalist Will

Our Opportunities

• Check out www.collegepro.com • Email wmacmillan@collegepro.com• Follow me on Twitter willmacmillan• Facebook• Linked in• Any new social media I’m unaware of?

32

Thank You