September 2024 Newsletter
ENTREPRENEUR SUCCESS STORY McCain Foods Limited
McCain Foods Limited is a Canadian multi-national privately owned company that was established in 1957. The company began operations in Florenceville New Brunswick, Canada and today it is the world’s largest manufacturer of frozen potato products.
The McCain brothers, Wallace, Harrison, Robert and Andrew were sons of a thirdgeneration farmer when they founded their business. Their signature product was, and still is, frozen French fries. One in every four fries in the world today is a McCain Foods fry.
McCain Foods Limited is still a privately owned family company with sales in over 160 countries around the world. Global annual revenues are in excess of $11 billion Canadian dollars.
The company has over 20,000 employees worldwide encompassing countries such as Brazil, Ireland, France, Poland, New Zealand, India, Japan, China and more as well as their home base in Canada.
12 Business Ideas
- Blog: Talk about a subject that is interesting and that you know.
- Sell Products/Services Online. Build this with social media.
- Rent Space: Airbnb for your home or cottage rental if you own one.
- Drive for Uber or Food Delivery: Register with more than one.
- Freelance Writing: Write content for companies in various sectors.
- Garage Sale Reseller: Buy a cheap good, fix it and resell.
- Kijiji/eBay/Etsy Sales: Look for items at home that you can sell.
- Home Inspector: You will need to get certified to do this business.
- Tutor: Math, English, Science and Computers are all key subjects.
- Home Daycare: Check provincial regulations about rules here.
- Website Design: One of the easiest to learn and use is Wix.
- House Cleaning: Clients can be residential or commercial.
Business Success Tips
“Starting a Business Requires More than just a Great IDEA!” Here are nine tips from Investopedia about how to be successful in your new entrepreneurial venture. See how many of these traits you have now.
- Be Organized. Keep a daily TO DO List. Check off completed items.
- Keep Detailed Records, most notably the financial reports.
- Study your Competition. Watch them to see what you can improve.
- Know the Risks and Rewards.
- Improve your Business annually.
- Stay Focused on your short and long-term goals. Have them!
- Make Sacrifices. You may have to work long hours to be successful.
Provide Exceptional Customer Service, especially starting out. - Be Consistent in terms of your daily work habits, customer service, product quality.
Canadian Entrepreneurs Col. Sam McLaughlin
Col. Sam was a Canadian businessman who started the McLaughlin Motor Car Company in 1907.
He is regarded as one of the founders of the Canadian automotive industry; and a key person who brought General Motors to Canada. He built his first carriage in Enniskillen, Ontario and then moved his business to Oshawa. The McLaughlin Carriage Company, 1904, was the biggest in the British Empire. It soon evolved into General Motors of Canada.
Sam was a philanthropist and his generosity has never been matched by another Canadian. He lived to be 101 when he died in 1972. At that time he was still Chairman of GM Canada.
He was well known for still going into his GM office daily to do some work until he died. His title Colonel was from his close association with the Ontario Regiment.
BUSINESS Logos
A business can spend millions, and many years, developing a recognizable logo. Can you identify all 10 of these logos??
Software, like Canva, can help you develop a logo for your business but you may want to build a solid operation before
you spend time and money on a logo.
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