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PostedJune 12, 2019
David Sung, President of Nicola Wealth, launches a new segment on the podcast: “Why I Built It” to look beyond the “how.” He will be diving deep into the behind-the-scenes of successful entrepreneurship — particularly, the motivations and inspirations that help them succeed.
Today he is joined by special guest and good friend, Chip Wilson. Chip is an entrepreneur, philanthropist, loving husband, and father of 5 boys. He’s the founder of Westbeach Snowboard and Lululemon Athletica. He’s a globally recognized innovator in the field of technical apparel and is widely credited with creating the “athleisure wear” retail category, which is now a $100 billion/year global business.
In this episode, David talks to Chip about the keys to building a successful business, why he focused on building athletic wear businesses, the essential core values he placed within his companies that aided them in their success, what kept him inspired and motivated at every stage of the business as he progressed, how he built up his staff and those around him through quality leadership, and the key players that helped influence Chip’s career.
Chip also gives his advice on to entrepreneurs and new business owners on how they can be successful in both launching and running their business, how wealthy families can handle their finances with their children, the trends he sees on the horizon, and where he’s looking to invest currently.
You won’t want to miss this incredibly insightful episode and all of the nuggets of wisdom that Chip provides!
Little Black Stretchy Pants, by Chip Wilson
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It, by Michael E. Gerber
Dennis J. “Chip” Wilson is a Canadian billionaire businessman and philanthropist, who has founded several retail apparel companies. Most notably, he created the yoga-inspired athletic apparel company, Lululemon, and is widely considered to be the creator of the athleisure trend.
For his full bio, visit: ChipWilson.com
David is the President of Nicola Wealth. As the President, he leads a team of financial advisors who are committed to achieving unsurpassed client satisfaction through the delivery of the highest quality investment management and financial planning services for business owners, corporate executives, foundations and other individuals or entities of substantial income and/or assets.
For his full bio, visit: NicolaWealth.com/Our-Team/David-Sung
This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM Fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.