Friday, June 6, 2008

Earl Flormata - Event: Vancouver Board of Trade - Investing With Heart

As a member of the Company of Young Professionals, I received a free ticket to a Vancouver Board of Trade event in regards to investing with heart.

It was a high spirited luncheon event where the speakers were full of hope and inspiration to tell their story of the goal to create a place and an atmosphere where families could attend sporting events together.

The Nat Bailey Stadium - home to the Vancouver Canadians has gone through some changes through the years, alongside providing quite the learning curve to their new found owners in the realm of making a business sustainable.

From my notes during the event: (interesting facts)
Vancouver Canadians – founded in 2000
Single “A” professional affiliated baseball team in Canada
60 Major League players began career with Canadians
76 games in a short season

Typical Game attendance 3200 and rising
Stadium holds 5000 fans
Ticket Pricing: $50 for family of four

Goal: Be the premier summer family entertainment experience in Vancouver

So all in all - what did I learn?

1 - With a baby on the way, ticket prices being $50 for a family of four sounds like a GREAT idea when it comes to providing entertainment for my family later on if the kids end up being baseball fans.

2 - Just because the new owners had previous business experience, it didn't assure guaranteed success. In fact, a friend of mine told me that the 3 most dangerous words in the English language pertaining to business are: "I Already Know". It's inspiring to see successful people acknowledge that it's not as easy as it looks and helps me to put things into perspective as I re-grow the Infiniti Point Group.

3 - If you invest, people will come. As for the Nat, the new owners have invested time, money, and effort into growing their new "baby" into a full fledged business. As for me, investing the time and energy back into learning and growing my own business will be something I look forward to. The new mantra rings true to my heart and my hopes - To Educate, To Serve, To Profit Together. When iPoint is back up to its usual standards and growth, I'd like to create a foundation in the future to invest with heart and give back to my community when given the opportunity as well.

I'm looking forward to getting a copy of that picture I took with the team mascot, and I'll be sure to post it here when the time comes.

Thanks for reading,
Earl Flormata

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