BCBusiness

October 2014 Entrepreneur of the Year

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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42 BCBusiness october 2014 illustration: graham roumieu 1. Don't be shy with the perfume or cologne—a heavy fragrance helps to mark your territory in shared spaces. 2. skip the headphones and play music from your computer speakers. it's all about creating ambience for you and your colleagues. 3. avoid the busy communal kitchen by eating at your desk. the music will drown out the constant sounds of smacking, slurping and crunching. 4. in this P.c. world of ours, nobody will call you out on your food choices, so bring lunches of fragrant fish, nosh on hard-boiled eggs and dine on garlic-laden leftovers whenever it pleases you. 5. take frequent personal calls so that your officemates know you're cool, laid-back and not a stickler for rules. 6. Personal hygiene is crucial when you're in close quarters, so feel free to clip your nails, apply deodorant, blow your nose and touch up makeup at your desk. v i s u a l l e a r n i n g How to Share Office Space 1 2 3 4 5 6 1 6 3 1 4 7 255 4 2 4 2 30 Philippines Hong Kong number of locations in each country Lululemon White Spot (Triple O's) Blo Blow Dry Bar China Singapore Australia Russia Germany U.K. U.S. B.C. Companies THaT Have gone gloBal companies can usually reach 400 million consumers in the U.S., Canada, Australia and the U.K. who speak the same language," says Wertz. If your competition has gone global and is already successful, says Lubik, "that is probably an indication of international need that you might be able to meet." Understand your supply chain If your local supply chain is expensive or lacks expertise, it might be a sign that it's time to consider a global supply chain where your business can find cheaper products, manufacturing processes or delivery. But it's also important to take into account your proximity to suppliers. The more technical your product, the better it is for you to be closer to the production, says Lubik. Listen to your customers Are you hearing people say they wished there was a similar product or service where they're from? "People tell you all the time, 'Oh, I wish this was available where I live,'" says Brooks. But proceed with caution. Do they want to franchise your business? Or are they bringing you a built-in client base already? Franchising your business involves a lot of hand-holding in the beginning. Plan right from the start If your business is a website or has an e-commerce component, build your site as if you are going to expand down the road, advises Wertz. "Think about it early. But do it late." •

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