JANUARY 2016
» FOCUS ON ARCHITECTURE
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For job
OAK BAY The Oak Bay Beach Hotel has been serving guests from around the world for more than 80 years
National in Scope, Local in Focus
Unity B the produ
Victoria
#220 - 645 Fort Street, Victoria
WWW.BUSINESSEXAMINER.CA
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VICTORIA Victoria-Based Company Recognized as Leader in Sustainable Design and Construction
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INDEX News Update 2 Sooke 4 Esquimalt 4 Greater Victoria 6 Sales 15 West Shore 16 Who is Suing Whom 19 Movers and Shakers 20 Opinion 22 Law 23 Salt Spring Island 23 Contact us: 1-866-758-2684
OUR 30TH YEAR
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Family business ‘Next Steps’ requires a proactive approach Family business and succession advisor speaks on the importance of planning
V
ICTOR I A – Renowned family business and succession advisor David C. Bentall, Founder of Next Step Advisors, recently spoke at an event put on by the Canadian Association of Family Enterprise (CAFE) Vancouver Island, to talk about some of the longterm planning challenges facing today’s family companies. “I’ve seen the best and worst of situations,” says Benta ll. “The family enterprise dynamic is so unique and complex, it’s unlike any other form of business. I grew up in that environment and am very aware of the pea ks a nd va l leys that each employee and family member experiences. “I feel that the successes I’ve been able to contribute to as an advisor have been a direct result of the challenges we’ve faced over the years as a family in our own business journey. My first experience with succession was very painful as the company
ended up going through a major breakup, and it’s motivated me to help others avoid some of the mistakes that were made.” Bentall was born into a third generation construction and development compa ny, wel l known for the Downtown Vancouver Bentall Centre, Rogers Arena (formerly GM Place), and the Telus Corporate offices, among many others. He is also an instructor for Institute of Family Enterprise Advisors, Business Families Foundation, the founding Chair of Busi ness Fa m i l ies Centre UBC, and was involved with the successful domestic bid for the 2010 Winter Olympic Games in Vancouver. One of the most important challenges Bentall identified was that many companies aren’t sufficiently preparing the next generation to lead. There are a wide-range of causes, from the SEE NEXT STEPS | PAGE 5
David C. Bentall, Founder of Next Step Advisors, engaging a crowd on family business and succession planning PHOTO CREDIT: TRINITY WESTERN UNIVERSITY
Record number of nominations for Business Excellence Awards Gala Companies from Sooke & Sidney to Port Hardy & Quatsino set to compete for top spot in January 21 Vancouver Island celebration in Nanaimo
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ANAIMO – Resorts, high tech companies, manufacturing firms, forest and aquaculture businesses. And more. They’re all in the running for the 16th Annual Vancouver Island Business Excellence Awards, with the winners to be unveiled
at the Jan. 21, 2016 at the Coast Bastion Hotel in Nanaimo. “Every year we do this, it’s a bit of a discovery process,” noted Mark MacDonald of the Business Examiner, which coordinates the event. “The Business Excellence Awards honours the best of the best in Vancouver
Island business, and there are new and innovative companies that have entered that we had no idea existed. “There are so many wonderful stories out there on the Island, and it is clear that 2015 has been a very good year in business for many companies.”
RBC Royal Bank, Hayes Stewart Little & Co. Chartered Professional Accountants, Coastal Community Credit Union and Air Canada are the Gold Sponsors for the event. Category sponsors are Helijet, Thompson Cooper LLP, SEE AWARDS | PAGE 13
Our job is to keep an eye on our customers business equipment needs. Vancouver Island’s largest independent copier and MFP dealer. Reliability, serviceability, affordability. We are Unity Business.
250.384.7243 www.unitybusiness.ca