Workplace
PROFILE THE SECOND TIME’S THE CHARM
When BRAD NATHAN founded his company as a young accountant, his very first deal went south and he lost everything he owned overnight. He had leſt his role as a vice-president at Rothschild Canada Ltd. in Toronto to set up a business doing what he loves — making people money — and he wasn’t about to disappoint his investors or employees. It took seven years to dig himself out before Nathan founded Lynx Equity, a private-equity firm with a very different model than his first business attempt: buy 100% of a company from owners who are retiring. Lynx Equity focuses on smaller, family-run
businesses. “The most important thing is that the seller cares about the integrity of the business and how it’s run,” he says. Nathan’s one non-negotiable is his employees will never ask an owner to step down or question retirement plans. (His model allows the founder/owner to run his or her business until he or she is ready to pass the management on to someone else.) “With that very first deal, I ignored what I learned
in my training and I now know I got everything that was due to me; I took too many risks,” he says. “Now I really pay attention to understanding the balance sheet.” — Sadiya Dendar & Martha Beach
SUBJECT: Barry Witkin LOCATION: Toronto
CONTACT INFO: cell: 416-220-6554
Email:
bwitkin@stickeryou.com PHOTO SHAPE: see pink area
assigned to Agnes--May 23
POSTED-IN-HASTE PERILS
The upside? You can spend even more time online
OF COURSE YOU POST ON FACEBOOK, but only happy stuff, right? Cat pictures and empowering little sayings that make your FB friends feel better; nothing that could ever come back to bite you, correct? Nope. Fact is, even just being on Facebook “a lot” could cost you a job. A survey conducted by CareerBuilder released in June found that of more than 2,300 managers, 70% use social media to screen job candidates and a quarter say they’ve actually turned down candidates aſter checking them out online. One of the most biting infractions: posting too frequently. Here are five of the most lethal things you can do on social media, according to the study: • post accounts of inappropriate behaviour, photographs, videos or discrimination; • use an unprofessional screen name;
• post something that suggests you might breach confidentiality; • badmouth a former company or fellow employee; and • indicate that you lied or exaggerated your qualifications. — PC
TRUTH SERUM Recipe for measured management
THERE’S PROBABLY AT LEAST one person at the office for whom you should make this book required reading. (Maybe it’s you?) American author, entrepreneur and motivational presenter Kim Scott released a book in the spring called Radical Candor: Be a Kick-Ass Boss Without Losing Your Humanity. It’s basically a guidebook that provides tools to monitor and measure your reactions to workplace situations so you get the best out of people without acting like either a tyrant or a sycophant. Pick up a copy for that manager (you know who we’re talking about). — PC
SEPTEMBER 2017 | CPA MAGAZINE | 17
Scott Murdoch
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