Managing Rapid Growth Successes, Challenges and Opportunities October 18, 2012 Kerry Heid President – Magna Electric
Kerry Heid, A.Sc.T. President, Magna Electric Corporation Reside in Regina, SK STI Moose Jaw – Electrical Engineering Technology NETA (International Electrical Testing Association) CSA Z462 – Workplace Electrical Safety Standard CSA Z463 – Electrical Equipment Maintenance Standard SIAST Advisory Board
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MEC Overview & Strategic Direction Kerry Heid – Where we were • Small electrical maintenance and commissioning testing firm mid 1990’s • Over 50% of business outside Saskatchewan in early 2000’s • Electrical construction 2005 • Electrical engineering 2006 • New Facilities – 1999, 2001 and 2011 • 700% Growth 2007 to 2012 • 450 people, 120 trucks
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Magna Electric Corporation • Worksafe Saskatchewan 2010 Safe Employer Award • SABEX Growth and Expansion Award • ABEX Growth & Expansion Award 2011 • Selected 1 of Canada’s 50 Best Managed Companies 2012 • Top 100 companies in Saskatchewan 2012 #72
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Employer Awards • SASTT Outstanding Technology Employer Award 2011 • Top 20 Saskatchewan Employers 2010 & 2011 • Top 100 Employers in Canada
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Saskatchewan “Business of the Year”
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Our Services 4 Main Core Services • Engineering • Construction • Technical services • Shop / Manufacturing
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Manufacturing & Shop Services
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Shop Services Electrical Switchgear Buildings
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Construction
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So you want to grow your Company? Don’t do it! Move back into your parents basement!
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• Hire a CEO? • Who has more passion than an owner?
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Today’s Presentation Keys Strategic Plan 1. Safety 2. Quality Assurance 3. Investment 4. Financial Governance
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Workplace Electrical Safety Working on different sites High voltage
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Arc Flash and Arc Blast
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Arc Flash Videos
Racking in a Circuit Breaker
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Understanding Hazard vs Risk Risk assessment — the overall process of hazard identification, risk analysis, and risk evaluation.
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Electrical Safety Program • Working around energized equipment • Establishing an Electrically safe Work Condition
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Strategic People, Processes, Tools, Accountability • Org chart & Job descriptions • Sales, Operations, Finance • Employee retention
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Quality Assurance Repeat business versus new customers Safety and Quality go hand in hand Participate in Quality Associations
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Investment • • • • •
Time People Equipment Facilities Marketing
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Financial • Cash flow • Business managers • Controlling overheads
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CEO Advice Give what you don’t have – time. It proves your conviction to the cause. Take advice from professionals, build a network.
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Conclusion Safety – the number 1 priority Invest – Time, people, infrastructure Quality – your best sales tool Financial – good, timely information
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Thank You!
Questions? Managing Rapid Growth
Kerry Heid Magna Electric Corporation
[email protected] 306.949.8131 Kerry Heid
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