Undercover boss/ ABM

- abm started with one person, a bucket, a squeege, and $4.50
-goes undercover for his business to see what other people think of the company
-was very hurt about the 9/11 attack
-wants his employees to satay in his company as long as possible
-he works the normal everyday job everyone else does
-gets in crap for cussing and not doing the job quick enough
-didnt get through the training for his own company
-helped clean windows
-help with janitorial work
-learned about the employees devastations of 9/11
-went as a freight operator for a day and found out the real details in that particular job
-found out that his employees love to work for ABM which is very good in his case
-learned the stories of real 9/11 stories

Famous Entrepreneurs

-Donald Trump- dad was his mentor, he is very wealthy, went bankrupt
-Richard Branson- he is a billionaire, made virgin airlines, cell phone, radio, and he owns an island
-Herb Kelleher-went to university, GM of Cambell soups factory
-Orville Redenbacher-was the popcorn man, billy is cheap
-Howard Shultz-CEO of starbucks, was very poor when he was younger so got into sports to forget about it
-Bill Gates-one of the richest men in the world, it all started as a program now it is one of the weathiest company's in the world, he hates children
-J.D. Rockfeller-Dad was greasy, quit highschool, net worth of 1.5 billion US dollars
-Walt Disney- made many children happy, has changed children's movies forever
-jimmy Pattison-went to school, bought his own car dealership, self motivated, net worth 3.5 billion US dollars
-Martha Stewart-watched her mom cook, she knows her job, graduated from Bernard
-Dave Thomas-owner of wendy's, loved his job, hard work is key
-Jerry Yang- was owner of yahoo, didnt take job to microsoft, net worth is 44.6 billion US dollars
-Ray Krock- bought McDonald's from the mcdonald borthers, he worked hard, he is very rich
-Phil Knight- co founder of Nike, went to oregon for university, likes shoes

Melanie Houlker

Utopia Academy

-3 domains in the academy
-abbotsford campus
-vancouver campus
-took drafting classes
-really liked fashion design
-applied for a college
-needed a C+ or better in English 12
-didn't have an overall focus when she was 19
-took a hair design course
-if you don't like something you can always find something else to do
-worked at a hair salon
-made no money left the job after 3 weeks
-got another job at great clips
-quit her job in two weeks
-went back to where she had gone to school and talked to her instructor
-instructer got her an interveiw at a good salon
-stayed there for a year because she wanted to do her own work and not just be an assistant
-works at utopia academy
-hard work pays off even if you dont ask for anything
-didnt leave assistant job until she had another job at simple scissors
-was the master stylist at green apple salon in the cottonwood mall
-knew she wanted to be an instructor so she went to utopia academy
-has been there for 7 1/2 years
-moved up in positions from a normal instructor to the dean of the academy
-works for redken also and proceeds go to charity
-the client pays you to advertise your work

Levi Giesbrecht

Spruceland
Spa Utopia

-runs marathons for enjoyment
-be mentally strong
-Something from nothing
-go through what you want to accomplish it
-you must learn to create something from nothing
-entrepreneur-a person that gets into a business adventure
-life is going to be very stressful, exhausting, exhilerating, play roles that you may be good at or not, you may have to manage certain things
-there is a price to pay for being sucessful
-dont feel entitiled to anything
-partners in many companies
-some compnaies have failed, some have succeeded
-learned from his mistake, knows what works and what doesn't
-your mind is your best tool in business
-at partner can be really helpful or can destroy your business
-find something you love
-do something that sets you apart from everyone else
-being in the people loving business
-make it a priority to make people to like you
-be prepared to do the lowest part of the job if you are the boss
-employees react on how you work
-create pleasure in the workplace
-make the workplace fun
-its ok to have somebody correct you
-become financially literate
-learn how to read a financial statement well
-develop your AQ
-be a very frugal investor
-be successful!
-balance your life
-what is successful?

Ray Kroc

-owner of mcdonald's
-sold the world on the concept of fast food
-lived in chicago
-was more ambitious than most kids his age
-started working in food services
-had no patience for school
-was a pitcher for baseball
-he joined the red cross ambulance school
-went back to school a few years later and lasted only one semester
-signed a contract with wal-greens
-sold a lot of mutimixers
-met the mcdonald brothers
-the brothers are the founders of mcdonald's
made a little hotdog stand
-then created mcdonald's the fast food restaurant
-made service faster after the war
-got on an american restaurant magazine in 1952
-less is more
-is 52 when he first hears about mcdonalds
-had to buy out a pre existing contract for mcdonalds
-he made monet renting out real estate
-ended his 39 year marriage
-met a new woman
-opened over 200 new restaurants
-was successful because he had a formula
-hamburger university
-tried to change things about the formula the borhters had made on the menu
-borhters wanted 2.7 million dollars cash to get bought out
-he wanted to get back at the brothers for not entailing the full details of the negotiation
-the brothers had to change their name to the restaurant that they kept
-got run out of business by kroc because he opened a brand new mcdonalds a block away
-wisdom of franchisee's
-got into the breakfast business for mcdonald's
-created ronald mcdonald
-married again march 8, 1959
-bought the san diego padres
-januarary 14, 1984 died of heart failure
-1 in every 8 have worked at mcdonalds in america

Robert Kiyosaki

-wrote a book
-4th generation japanese
-rich dad, poor dad
-real dad spent a lot of money
-rich dad had no education but knew how to spend his money
-story between a capitalist and socialist
-to many people think they are entitled to government support
-sold over 26 million copies world wide
-NY times best selling list for 6 years straight
-we all use money..
-money. We all use it
-money is just a game
-money is not just surviaval
-making money is fun except when you are on the losing side
-keys for success
1. Scholastic
2. Professional
3. Financial
-went to school in NY
-all he wanted to do was to be rich
-had to rebuild his business (it took 5 years)
-he is a millionaire
-was a millionaire at the age of 27 but wasn't smart with his money and went broke
-Asset: money into your pocket
-Liability: money out of your pocket
-cashflow, capital gains
-need more financial education in school
save your money and invest

Negotiation

-custom energy bars
-went to shark tank
-got an offer starts negotiating
-grossed $50,000
- $150,00 for 15% of company
-grew 50% in sales in 6 months
-got two offers now has a descision to make
-got $150,00 and 4% royalty on sales for 30% of the company
-by negotiating he got what he wanted and staying motivated in the company
-first person to mention a price is the person who loses