John Meharg - The Business Incubator for You!
08/04/20 • 39 min
Quick-Show Notes:
In this episode of The Millionaire’s Lawyer, JP and John Meharg discuss:
John enjoys working with people whom are like-minded in regard to wealth creation, prosperity, and growth.
The next generation is going to have to step in and help mold the New Industrial Age
John saw a need for a junior chamber in Ottawa
Community building is a great thing for people to invest in, the investors are glad to see the changes being made, and it has an impact on not only you!
Ottawa twins Toronto in the sense that we are able to have a good international reach due to us being the Nations Capital
Having a direct impact on the community is rewarding in more ways than financially
Amour Developments
- Financially boosts start-ups
- Creates jobs within the community
- North Dundas was for sale, but Amour Delevoloments makes it a 2.0 version and is now worth a lot more
- Brings in new investors and companies to the small towns
- Support for all new businesses with Space Use, Business Strategy Consulting, Profit Growth Strategies
The biggest missing links for Start-Up businesses are:
- Investor Relations
- Profit Growth Experts
When startups are looking to get financing, they need to be able to demonstrate accelerated growth
When taking an investment, take the loan with respect and consideration; they are wanting the best for you and may even recommend where they think the money should go.
Having a Legal team is really important (and no, not just because we are lawyers! Haha!)
- Legal framework for a lot of back and forth
- Protection is essential
- Development cant take place without the right structure
- They even help structure you for success! They are aware the end goal is to sell a profitable functioning company.
Needed to Accelerate the company:
- Pooling of financials
- Moving funds when needed
- Virtual Franchise Model (so you can reach everywhere, even internationally!)
Recommended Use of Technology:
- Assemble what good programs are already out there
- Social media for awareness and a way to contact
- Data gathering
Avoid Drama at all costs, most of the time people want to go home at the end of the day to their family
Some of the best businesses are not financially motivated; just for the betterment of the community or individuals
The Human Potential Industry is showing positive feedback for business success.
John Meharg feels like COVID has brought a lot of peoples attention to home and their families, and feels like a lot of people will be re-prioritizing work afterward.
Amour Ventures:
- Accelerates venture capital for start-ups
- Funds and Foundations
- How do funds work?
- What do foundations do? how do they work?
- First People Fund
- First Nations
- Bridge between
Connect with John Meharg:
Connect with your host, JP:
Twitter
Instagram
Facebook
Website
Show
LinkedIn
Email: [email protected]
Phone: 1-833-890-8878
THANK YOU TO OUR SPONSOR:
Conduct Law
Website
Quick-Show Notes:
In this episode of The Millionaire’s Lawyer, JP and John Meharg discuss:
John enjoys working with people whom are like-minded in regard to wealth creation, prosperity, and growth.
The next generation is going to have to step in and help mold the New Industrial Age
John saw a need for a junior chamber in Ottawa
Community building is a great thing for people to invest in, the investors are glad to see the changes being made, and it has an impact on not only you!
Ottawa twins Toronto in the sense that we are able to have a good international reach due to us being the Nations Capital
Having a direct impact on the community is rewarding in more ways than financially
Amour Developments
- Financially boosts start-ups
- Creates jobs within the community
- North Dundas was for sale, but Amour Delevoloments makes it a 2.0 version and is now worth a lot more
- Brings in new investors and companies to the small towns
- Support for all new businesses with Space Use, Business Strategy Consulting, Profit Growth Strategies
The biggest missing links for Start-Up businesses are:
- Investor Relations
- Profit Growth Experts
When startups are looking to get financing, they need to be able to demonstrate accelerated growth
When taking an investment, take the loan with respect and consideration; they are wanting the best for you and may even recommend where they think the money should go.
Having a Legal team is really important (and no, not just because we are lawyers! Haha!)
- Legal framework for a lot of back and forth
- Protection is essential
- Development cant take place without the right structure
- They even help structure you for success! They are aware the end goal is to sell a profitable functioning company.
Needed to Accelerate the company:
- Pooling of financials
- Moving funds when needed
- Virtual Franchise Model (so you can reach everywhere, even internationally!)
Recommended Use of Technology:
- Assemble what good programs are already out there
- Social media for awareness and a way to contact
- Data gathering
Avoid Drama at all costs, most of the time people want to go home at the end of the day to their family
Some of the best businesses are not financially motivated; just for the betterment of the community or individuals
The Human Potential Industry is showing positive feedback for business success.
John Meharg feels like COVID has brought a lot of peoples attention to home and their families, and feels like a lot of people will be re-prioritizing work afterward.
Amour Ventures:
- Accelerates venture capital for start-ups
- Funds and Foundations
- How do funds work?
- What do foundations do? how do they work?
- First People Fund
- First Nations
- Bridge between
Connect with John Meharg:
Connect with your host, JP:
Twitter
Instagram
Facebook
Website
Show
LinkedIn
Email: [email protected]
Phone: 1-833-890-8878
THANK YOU TO OUR SPONSOR:
Conduct Law
Website
Previous Episode
Kristen Godwin-Stewart - Law, Post-COVID
Quick-Show Notes:
In this episode of The Millionaire’s Lawyer, JP and Kristen Godwin-Stewart discuss:
COVID has made for a lot of industry to advance at a fast rate technologically, and the Legal Services are a part of it
Everyone right now wants to be able to do things virtually because of social distancing and Public Health regulations.
Convenience for both parties, but identification may be an issue.
Verification:
- Verify the ID
- Check all the security meausres
- Verbal Confirmation
- Video file of the client holding the ID up to the camera, and then looking into the camera themselves
- Sending a scanned copy ahead of time to be able to have that reference
Technology needs to and will be evolving in a way that makes verifying identity easier.
Documentation will have to be amended to state that it was verified virtually
Legislative side of things:
- Ontario
- Commissioning and Notarizizing are being revised
- "In the presence of" was defined back in 2004, and in Technology years that is back in the Dinosaur years!
- Now, "In the presence of" could be over a video call, with the proper verification standards in place.
Hopefully, the Provincial Laws in regards to this will be the same alow all provinces and territories.
Clients like to jurisdiction shop
We all need to adopt the same way of verification, signing remote documents.
Lawyers need to be able to provide legal services while meeting there obligations, with all of Public Health regulations in place.
Wills and Power of Attorney
- Orders have been passed due to COVID
- Able to witness and sign via virtual conference
- Video meetings
- Meet professional requirements and obligations
- Steps:
- Threeway call with the Client and the witness
- have the client and the witness prove that they are alone in the room, unless under joint retainer.
- Proceed with signing and the reading as normal
- Witness in counterparts, meaning that there will be three copies of the documentation.
Connect with Kristen Godwin-Stewart
Website
Email: [email protected]
Connect with your host, JP:
Twitter
Instagram
Facebook
Website
Show
LinkedIn
Email: [email protected]
Phone: 1-833-890-8878
THANK YOU TO OUR SPONSOR:
Conduct Law
Website
Next Episode
Shane Fielder - The Innovative Samurai
Quick-Show Notes:
In this episode of The Millionaire’s Lawyer, JP and Shane Fielder discuss:
Aikido has taught Shane endless techniques that he is able to apply to his everyday work life and success.
A Typical Aikido Traning Session:
- Hand to hand Combat
- Katanas
- Staff
- Knife
What this teaches you mentally:
- Humility, everyone was a student before they were a teacher.
- Being humble goes a long way
- The community no matter where you are traveling. The Dojos open their doors and help you navigate the cities.
Business Benefits:
- Conflict Resolution. There are many techniques to get the same outcome. Consider them all.
- Allows Shane to see things physically.
- Gives you "Quiet Powers"; a sense of confidence in yourself.
Shane had started his own Coffee and Sandwich shop which catered and the market had greatly effected his business teaching him to:
- Ensure you do your due diligence
- The recession made him completely pivot his career since the majority of his clientele were laid off.
- Shane was aware that his small business wouldn't able to withhold the 5 years Build Back, so he closed shop.
After the closure of his shop, he got into franchising. Looking at all franchises that were up here in Canada, Shane found with his hospitality background he would get into Tim Hortons.
How did Shane employ his Aikido learned Techniques into his business?
- Samari Innovation
- Work-Life Harmony
- Used Aikido principals to help him coach
- "Narrow the focus, widen your gain"
Ways for people to Harmonize:
- Balance is normally "Either, Or" for most clients; that needs to incrementally shift.
- "This or That" does not allow for "How about both?"
- Set expectation
- Have some non-negotiable time set aside for family and yourself.
3 - 10 - 30; what needs to be done in 3 days to push the envelope forward? How about 10? Then 20 days after that at 30?
Connect with Shane Fielder:
Website:
LinkedIn
No-Fail Plans
Email
Facebook
Connect with your host, JP:
Twitter
Instagram
Facebook
Website
Show
LinkedIn
Email: [email protected]
Phone: 1-833-890-8878
THANK YOU TO OUR SPONSOR:
Conduct Law
Website
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