When you’re drowning in red ink, do you cut your losses and start over or look for a lifeline? Five years ago Gail Winkelmann, small-business owner and mother of four, was one phone call away from declaring personal bankruptcy. Here’s how she salvaged her company, saved her home, satisfied her creditors and maintained her dignity
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You can’t complain about a 3.5-per-cent growth rate, especially when you consider that it tops Canada’s average GDP growth of 2.9 per cent in 2005. But with our bounty of natural resources and booming commodity markets, it’s hardly the raging bull many expected from the B.C. economy last year. In fact, many economists describe B.C.’s overall economic performance last year as fairly flat.
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The Dark Horse of the Year award goes to Aspreva Pharmaceuticals. This young biotech shot out of the gate to not only crack the Top 100 public companies list just four years after its inception, but also claim bragging rights as the only biotech in B.C. to record a profit in 2005.
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Don Lindsay, Teck Cominco, 2004 revenues: $3.4 billion, Rank: 7 in TOP 100 more...
Bob Bailey, PMC-Sierra, 2004 revenues: $375 million, Rank: 62 in TOP 100
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Russ Horner, NorskeCanada, 2004 revenues: $1.87 billion, Rank: 17 in TOP 100
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What happened? In short, B.C. had one hell of a year. Commodity prices soared, exports grew, construction exploded, the tech industry went on a hiring spree, biotechs were a magnet for cash and being on the Pacific Rim never looked better.
The only question: can we keep it up? Let’s look at the numbers...
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Bruce Aitkin , Methanex, 2004 revenues: $2.17 billion, Rank: 13 in TOP 100
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