Canada’s Billionaire Businessman: How Schwartz Made Onex a Success
Canada’s Billionaire Businessman: How Schwartz Made Onex a Success
Teamwork: One of the things Schwartz is most proud of when it comes to his company is the feeling of cooperation and teamwork throughout. Indeed, with no senior turnover, that spirit is one of the key push factors behind Onex’s success. “Everybody is a real partner,” he says. “And it makes a big difference.”
Patience: “Investments are like trains,” says Schwartz, “and if you miss one, don’t worry because another one will come down the line.” It was with that prudent and pragmatic attitude that Schwartz guided Onex through the many buyout frenzies to be one of the few remaining and most successful companies today.
Value: “We’ve got customers,” says Schwartz. “We’ve got suppliers. We’ve got employees. We’ve got unions. We’ve got communities. We’ve got all of these things that go into making up whether a business succeeds or fails.” Indeed, it was by looking past just the market conditions, and building up solid subsidiaries that Onex was able to create real value for its shareholders. He operated a business as if he were going to own it forever, and it was by doing so that he was able to turn it into something worth selling.
Risk: Schwartz did not get to where he is today by playing it safe. He invested in deals others advised him against, and he pulled out when others told him to stay. It was by taking calculated risks that he was able to profit where others before had not. But, it was also by learning from the risks he took, particularly the ones that failed, that Schwartz could better avoid them next time.
Pride: You may not know it to look at his global business operations, but Schwartz is a proud Canadian. Headquartered in Toronto, Canada, and staffed by Canadians, part of the strength of Onex has been the nationalist pride that runs through its corridors. They have loved being the underdog, and proving that they have what it takes to succeed in their native land.
Schwartz is proud of what he has accomplished so far, but says he has many years more to go. “I've got a long time. I've got a long time. I've got 25 to 30 years of this. Maybe longer,” he says. “As long as I am healthy, I’m not going to retire.” In the meantime, Schwartz says he has many plans for both his time and his wealth. “Dying rich has always struck me as dumb…There is still lots I want to accomplish, and I have a number of philanthropic interests to support.”
Canadas Billionaire Businessman How Schwartz Made Onex a Success
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Schwartz is 66 years old this year but has no plans of slowing down. As Chairman and CEO of one of Canada’s most successful companies, Schwartz’s goals for the future remain the same as they have for the past quarter century: “More people. More transactions. Larger amounts of capital. Identical philosophy,” he says. How did this son of an auto-parts dealer become one of the Top Ten Wealth Creators in all of Canada?
Teamwork: One of the things Schwartz is most proud of when it comes to his company is the feeling of cooperation and teamwork throughout. Indeed, with no senior turnover, that spirit is one of the key push factors behind Onex’s success. “Everybody is a real partner,” he says. “And it makes a big difference.”
Patience: “Investments are like trains,” says Schwartz, “and if you miss one, don’t worry because another one will come down the line.” It was with that prudent and pragmatic attitude that Schwartz guided Onex through the many buyout frenzies to be one of the few remaining and most successful companies today.
Value: “We’ve got customers,” says Schwartz. “We’ve got suppliers. We’ve got employees. We’ve got unions. We’ve got communities. We’ve got all of these things that go into making up whether a business succeeds or fails.” Indeed, it was by looking past just the market conditions, and building up solid subsidiaries that Onex was able to create real value for its shareholders. He operated a business as if he were going to own it forever, and it was by doing so that he was able to turn it into something worth selling.
Risk: Schwartz did not get to where he is today by playing it safe. He invested in deals others advised him against, and he pulled out when others told him to stay. It was by taking calculated risks that he was able to profit where others before had not. But, it was also by learning from the risks he took, particularly the ones that failed, that Schwartz could better avoid them next time.
Pride: You may not know it to look at his global business operations, but Schwartz is a proud Canadian. Headquartered in Toronto, Canada, and staffed by Canadians, part of the strength of Onex has been the nationalist pride that runs through its corridors. They have loved being the underdog, and proving that they have what it takes to succeed in their native land.
Schwartz is proud of what he has accomplished so far, but says he has many years more to go. “I've got a long time. I've got a long time. I've got 25 to 30 years of this. Maybe longer,” he says. “As long as I am healthy, I’m not going to retire.” In the meantime, Schwartz says he has many plans for both his time and his wealth. “Dying rich has always struck me as dumb…There is still lots I want to accomplish, and I have a number of philanthropic interests to support.”
Canadas Billionaire Businessman How Schwartz Made Onex a Success
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Dianne CramptonDianne Crampton is an executive leadership coach, team consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. - Visit Dianne Crampton's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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