Son of Five Rivers Blog

For the advancement of Entrepreneurship, Sustainability & the Ecology of Everyday Life

Microinsurance for the Poor

Tsunami insurance for the poor

A new health insurance plan will enable the poor in India to buy health insurance for less than 10 cents a month, and it will cover natural disasters including Tsunamis.

The new program is a partnership between and aid group, CARE International, and a private insurer, Allianz. It is expected that over 200,000 customers will buy insurance within a year. According to Allianz, the communities have been involved in designing the new policies, which will cover death, medical treatment for injuries in accidents, help with funeral and hospital expenses, as well as paying wages during illness.

“Microinsurance provides a comprehensive measure of social security in an area which desperately needs this sort of protection against accidents and shocks that can push poor communities right to the limit,” said Wolfgang Jamman, national director of CARE Germany.

But don’t be so quick in calling this charity work. With an estimated market of 250 million policy holders in India, there sure is a buck or two to be made.

Posted by Alan Pereira (World Bank Private Deveopment Secotor Blog)

August 29, 2009 Posted by | Business, Business Model, Community Economic Development (CED), Creativity, Economics, Government, Philanthropy | , , , , , | Leave a comment

Where does Aid Go?

If you believe that a picture is worth a thousand words, this interactive aid map is for you

  • Poverty
  • Risk
  • Military Expenditure
  • South Africa Integration
  • Child Rights Risk
  • Conflict & Political Violence
  • Emerging Powers Integration
  • Hunger
  • India Integration
  • Political Risk
  • Displacement
  • Hydro-Meteorological Disaster
  • Natural Disaster
  • CO2 Emissions from land-use
  • Natural Disaster Economic Losses
  • Energy Securty Risk

South Africa integrationEmerging powers integrationIndia integrationFiscal riskPovertyChild rights riskDisplacementHungerMilitary expenditurePolitical risk 2007Conflict and political violence riskHydro-meteorological disastersNatural disastersCO2 emissions from land useNatural disaster economic lossesEnergy security risk

August 29, 2009 Posted by | 1 | , , , , , , , , , , , , , , , | Leave a comment

Resources for Small Business

I’ve compiled some resources for people wanting to start a business in Canada. British Columbia seems to be leading the way when it comes to small business as they make up 98% of the Business Sector and employ almost 50% of the people who live in the Province.   The list below focuses on Business in BC, if your looking for other provinces I suggest you google these words; “Small Business & Economic Deveopment Ontario” (or whatever province your looking for)

Statistics related to small business are available at:

Statistics related to small business

553 Superior St.

Box 9410 Stn Prov Govt

Victoria, B.C. V8W 9V1

Telephone: 250 387-0327


Information on provincial government programs and services can be found at:

Ministry of Small Business and Revenue, Small Business Branch

Box 9805 Stn Prov Govt

Victoria, B.C. V8W 9W1

Telephone: 250 387-4699


Information on federal government programs and services can be found at:

Western Economic Diversification Canada

Suite 700 – 333 Seymour St.

Vancouver, B.C. V6B 5G9

Telephone: 604 666-6256

Toll Free: 1 888 338-9378


The Government of Canada’s main site for business information

Canada Business

1 888 576-4444

Online tool to help quickly and easily identify permit and licensing requirements for business activities

BizPaL Business Permits and Licences

Business counselling and assistance for new and existing businesses in rural British Columbia.

Community Futures Development Corporation of British Columbia

1 604 685 2332

e-business information resources for small and medium-sized businesses

eBC eBusiness Connection

1 604 775-7532

Online business registration and change of business address

Online business registration and change of business address

1 877 822-6727

Province-wide access to government services including key government transactions for business

Service BC

1 800 663-7867 (Enquiry BC) to be transferred to the

nearest Service BC Contact Centre

Comprehensive business information and business planning resources for starting and growing a business in British Columbia

Small Business BC

1 800 667-2272

Business information counselling and skills training for women entrepreneurs

Women’s Enterprise Centre

1 800 643-7014

August 29, 2009 Posted by | Business, Business Development, Entrepreneurship, Finance, Grants, Human Resources, Investment, Marketing | , , , , , , , , , , , , , , , , , , , , , , | 6 Comments

Best Province to do Business in Canada

Small business is a driving force in in British Columbia’s economy, employing over one million people and making up 98 per cent of all B.C. business.

  • In 2007, 98 per cent of all businesses in B.C. were small businesses, employing over one million people.
  • 46 per cent of all employment in B.C. is generated by businesses with fewer than 50 employees or self-employed workers.
  • Approximately 379,700 small businesses were operating in the province last year.
  • From 2002-07, the number of small businesses in B.C. grew by 8.8 per cent or by approximately 31,150 businesses.
  • Over 56 per cent of British Columbia’s private sector jobs are with small business – the highest rate in the country.
  • British Columbia’s small business GDP accounted for a third of total provincial GDP – the highest of all provinces.
  • 36 per cent of the self-employed in British Columbia were women – the second highest rate in the country.
Statistics related to small business are available at:
BC Stats
Data Services
553 Superior St.
Box 9410 Stn Prov Govt
Victoria, B.C. V8W 9V1
Telephone: 250 387-0327

What is the size distribution of small businesses? The majority of small businesses in British Columbia are micro-businesses with fewer than five employees. In 2007, there were 314,200 such businesses comprising 83 per cent of the province’s small businesses. Of these, 58 per cent were operated by self-employed persons without paid help and the remaining 25 per cent employed one to four individuals.

Over the past five years, the province’s small business count expanded by an average of 6,000 per year or 1.8 per cent.1 The fastest-growing group in British Columbia’s small business sector has been businesses with five to 19 employees, which grew at an average annual rate of 3.2 per cent, with an average net addition of 1,500 new businesses per year. In terms of actual numbers, most of the new businesses were in the self-employed without paid help category, which grew an average of 2.7 per cent or 5,200 businesses each year over the five year period. Despite the overall increase in the number of small businesses, there were declines in some size categories. Businesses with one to four employees averaged a net loss of -0.6 per cent or 600 businesses per year, while those with 20 to 49 employees experienced an average net loss of -0.8 per cent or 100 businesses per year.

  • Small Business – There were approximately 379,700 small businesses operating in British Columbia in 2007. These operations accounted for 98 per cent of all businesses in the province. Micro-businesses, with fewer than five employees each, comprised 83 per cent of small businesses.
  • Small Businesses Per Capita – In 2007, British Columbia had more small businesses per capita than any other province with 86.7 small businesses per 1,000 people. Long-time leader Saskatchewan ranked second among provinces with 86.6 small businesses per 1,000 people followed by Alberta with 79.7.
  • Employment – Approximately 1,048,000 people were employed by small businesses in British Columbia in 2007. These jobs accounted for 56 per cent of private sector employment in the province, the highest rate in the country.
  • Employment Growth – Between 2006 and 2007, small business employment in British Columbia grew by 2.5 per cent, slightly faster than the national rate of 2.4 per cent.
  • Self-Employed – On average, the self-employed tend to be older, are more often men and are more likely to work longer hours than paid employees. Thirty-six per cent of the self-employed in British Columbia are women, the second highest rate in the country.
  • Gross Domestic Product – Among Canadian provinces, British Columbia had the highest proportion of Gross Domestic Product (approximately 33 per cent) attributed to small businesses.
  • High Technology Sector – Small businesses constituted about 96 per cent of employers in the high technology sector. In 2007, there were approximately 8,225 small businesses in the high technology sector.
  • Regional Focus – The Kootenay and Thompson-Okanagan regions had the highest rates of growth in self-employment over the last five years at 27.3 per cent and 24.9 per cent respectively.
  • Exports – Small businesses in British Columbia shipped approximately $12.2 billion worth of merchandise to international destinations in 2006, almost 37 per cent of the total value of goods exported from the province.

August 29, 2009 Posted by | Business, Business Model, Economics, Finance, Government | , , | Leave a comment

Business ER Hotline

Business BC Launches “Business ER Hotline”:

Economic Climate a Hot Topic for Small Business Sector

Vancouver – Small Business BC (SBBC) has launched the “Business ER (Emergency) Hotline” providing BC’s small businesses with the solutions and business strategies to deal with the current economic conditions.

The Business ER Hotline, 1-800-667-2272, will enable SBBC to quickly address and respond to crisis-related business issues.

In addition to a 1-800 number, clients can ask questions and access information via email, or they can go to the Business ER Hotline website,, or visit the SBBC Vancouver office in person, 601 West Cordova Street.

SBBC Consulting CEO, George Hunter, explains the reason for launching the Business ER Hotline: “Our staff has noted a significant increase in questions relating to changes in the economy.  For example, people want to know what kind of training programs are available for upgrading skills, or, which sectors are showing promise for new business opportunities, such as BC’s healthcare sector.  There are many people newly out of work who are now exploring the idea of starting a business.”

SBBC also reports an increase in questions regarding financing options and business strategies for tougher economic times such as how to cut expenses and build revenue, as well as a significant number of inquiries regarding labour standards.

“The Business ER Hotline offers a direct way to get timely information out to business owners and their employees as well,” says Hunter, “The small business community is important to our economy and SBBC is pleased to be able to provide a link to current information and provide support as small business owners navigate a changing economic landscape.”

Hunter encourages small business owners to contact SBBC via the Business ER Hotline, or go to their website,, to find out more about the comprehensive services SBBC offers, such as financing options and sources, government acts and regulations, one-on-one business counseling, market research and consultation, business planning services, business seminars, e-business information and an education and resource centre

August 29, 2009 Posted by | Ads, Blogging, Brochure, Business, Business Development, Business Model, Creativity, Economics, Entrepreneurship, Finance, Government, Grants, Great Ideas, Human Resources, Investment, Marketing, Micro Credit, Packaging, Products, Sales, Services, Venture Capital | , , , | Leave a comment

Linear Income vs. Residual Income

If you don’t know the differences between linear income and residual income, then you definitely need to spend five minutes understaning it may be the things that helps you go into business or start investing.

The Difference Between Linear Income and Residual Income

More then 90% of people around the world are accustomed to the source of income known as Linear Income: trading time for money. For that reason most people are not financially independent. Linear Income, also known as work income, means you receive a paycheck based on how much work you do. You need to put in certain number of hours every week. When you stop working, your income stops. Linear Income requires continued work.

You will have to continue working until 70 and beyond with linear or work income...

Residual Income is different. It is the most powerful and profitable source of income. Residual Income is the income of the rich. It is a source of income that keeps coming in on a regular basis, from work you do once – meaning even when you are not working. Residual Income is not about “get rich quick” – the principal very much misunderstood by many people. It requires effort, determination, especially in the beginning… and some time for the magic to start working.

You must tap into Residual Income streams to be super-successful. Period.

The Mathematics of Linear Income

There is nothing wrong with having a Linear Income. It is considered to be an honourable form of earning a living. Some people can earn good money. Hourly wages can run from a few dollars to hundreds of dollars an hour. However, Linear Income is limited to the number of hours worked and only provides an income when you work. In other words,when you stop work, it stops.

Linear Income wages for most people in the West are being driven down as companies in Europe and North America keep wages low to compete with economies like China and India. Furthermore, fat-cat managers are increasingly choose to award themselves increasingly large salaries while slashing those of people lower down the ladder. (According to Business Week, in 1980, executives earned 42 times as much as the average American worker. By 2000, however, American CEOs were earning 531 times the average worker’s salary.) So while Linear Income may be the manner in which most people earn their pay cheques, it is also the main reason so many of us will not be able to afford to retire until we are at least seventy.

According to a recent American survey, retirement incomes of workers in every age group will fall far below their expectations. Workplace Pulse estimated workers who are 60 and plan to retire at 65 would need US $453,324 in total savings, including Social Security, to receive an annual retirement income of $26,256. A worker who is now 30 would need $1,545,972 at age 65 to meet the same expectations.

The report said 30 year-old workers would need to save $2,823 each month to achieve the same retirement income of $28,256. At the same time, a 60 year-old worker with $160,000 already saved would need to put away an additional $2,525 a month to retire at 65 on a $28,256 yearly income. But the survey found the average worker aged 45 to 64 is saving only $2,129 a year!

Most common sources of Residual Income:

  • Inventors, authors, songwriters, and visual artists get royalties from their creations.
  • You earn interest on your savings account or certificate of deposit at your bank. That’s as long as you keep the money in the bank. AT 3.5% annual percentage yield, you need to have $340,000 in your savings account to earn $1,000 per month.
  • Real estate is proven way to earn good income but it requires special expertise and a great deal of money nowadays. You need to be a real estate owner to earn Residual Income through rent. It requires continuous work to generate income.
  • Investing in stocks, bonds, venture capital, and mutual funds can be profitable, but again, they require specific knowledge and substantial capital to create enough income to live on.
  • Residual Income business opportunities. Your earning potential is unlimited. It is the best retirement insurance – and the only method for most people.

The Only Solution for Most People

More and more people are turning to something called time leveraging to create long term Residual Income. With time leveraging, there is no hourly limit placed on your worth and money continues to come to you whether you work or not. The difference between Linear Income and Residual Income is that with Residual Income, your productive time is leveraged. That is, your time spent at work becomes increasingly worth more and more. Unlike fixed-salary employment, leveraged income has no upper limit.

Of the over 6,000,000 millionaires in the USA today, 20% who have reached affluence in the past two years have done so by leveraging their time… and they did it using something called referral marketing. It is no wonder that the likes of Anthony Robbins, Donald Trump and Robert Kiyosaki are such passionate advocates of referral marketing and developing residual income streams. As the latter says: “The richest people in the world build networks, everyone else looks for work.”

Referral, or network, marketing is not a business but a way of doing business. Instead of paying astronomical sums to advertising agencies to market a product or service, an ever-increasing number of companies prefer to pay consumers to spread the word. An example of a company that operates in this way is Cognigen. With over 300,000 agents since 1992, Cognigen is arguably the most successful referral marketing business opportunity in the world.

Referring is nothing more than doing what already comes naturally… it’s people sharing with people. When you tell a mate about a great movie you have watched you are engaging in a form of referral marketing, even though you didn’t know about it and didn’t get paid for it. Referral marketing is about sharing information and making each other’s lives better.

Income is generated when referred customers purchase products or services. Income grows exponentially when the people we refer, refer others, who refer others, etc., etc. In other words, as the number of referred people increases (either by us or by those we referred), so does our income.

What makes this all the more exciting is the snowball effect. That’s the inherent power of time leveraging built into referral marketing. Success does not depend on personally referring large numbers of people, but rather in referring and teaching referral marketing principles to only a small number of people who then go on to do the work for you… an easy and enjoyable task for almost anyone.

August 29, 2009 Posted by | Business Model | | Leave a comment

ROWE, or Results-Only Work Environment

ROWE, or Results-Only Work Environment, (also known as Results Oriented Work Environment), is a management strategy created by CultureRx and adopted by Best Buy.[1] In this model, employees are paid for results (output) rather than the number hours worked. The goal is to keep workers who deliver results while firing those who are not productive.

ROWE in practice means “each person is free to do whatever they want, whenever they want as long as the work gets done.”[2] Employees control their own calendars, and are not required to be in the office if they can complete their tasks elsewhere.

ROWE seems to have some connection with The 4 Hour Work Week.


  • Flexible work hours
  • High employee satisfaction
  • Emphasis on bottom line results


  • Output measurement is harder for some jobs (overhead, administration)
  • Management can be challenging
  • Some people have a harder time working with people without face-to-face interaction
  • Can be destructive for individuals that don’t have the discipline to hold themselves accountable for what they should work on.
  • Increased litigation between employer insurance and personal insurance companies due to an unclear definition of “on the job.”
  • Increased litigation between business and clients/consumers when information is stolen.
  • Proprietary information is more vulnerable to competitors.
  • Can be used by upper management to determine which jobs are best suited for outsourcing to third world countries.
  • Increased possibility of serious or life-threatening injury to managers or employees because of the lack of regulations.
  • Can be used to transition from full-time positions to part-time positions without benefits.

August 29, 2009 Posted by | Business, Business Model, Human Resources | Leave a comment


Imagine a future in which wireless electricity makes everyday products more convenient, reliable, and environmentally friendly.

WiTricity Corp.Cell phones, game controllers, laptop computers, mobile robots, even electric vehicles capable of re-charging themselves without ever being plugged in. Flat screen TV’s and digital picture frames that hang on the wall—without requiring a wire and plug for power. Industrial systems and medical devices made more reliable by eliminating trouble prone wiring and replaceable batteries. WiTricity Corp. is working to make this future a reality, developing wireless electricity technology that will operate safely and efficiently over distances ranging from centimeters to several meters—and will deliver power ranging from milliwatts to kilowatts.

WiTricity Corp.’s vision is to develop a family of wireless electric power components that will enable OEM’s in a broad range of industries and applications to make their products truly “wireless.” Wireless electric power delivered over room scale distances, and with high efficiency. Wireless electric power that is safe for people and animals. Wireless electric power—imagine no more… it’s here!

examples of consumer applications for WiTricityexamples of industrial applications for WiTricityexamples of transportation applications for WiTricityexamples of other applications for WiTricity

August 29, 2009 Posted by | Business, Business Model, Creativity, Great Ideas, Information Technology (I.T.) | , | Leave a comment

Sustainable Living
Leadership Program

Live • Learn • Lead

Experience the Fraser River
“The World’s Greatest Salmon River”

August 6th to 30th, 2009

Follow this year’s trip down the Fraser on Granville Online.

Journey by canoe, raft and on foot 1,400 km down the Fraser River from Mount Robson to the Pacific Ocean. Participants take in breathtaking scenery along the way, from ancient rainforests to grasslands, sage brush and floodplain.

The program covers key sustainability concepts such as food security, voluntary simplicity, stewardship and green economics. Students learn how to lower their ecological footprint and design a project to take back to their community or stewardship group.

Geared to those interested in fisheries, environmental education, outdoor adventure tourism or project planning, the SLLP includes team building exercises, conflict resolution, communication skills and critical thinking. Camping along the banks of the Fraser, students study the fauna and flora, watersheds, ecosystems, the water cycle, resource management and what a truly sustainable fishery would look like. They meet with the RSBC’s extensive network of First Nation and Non-Native Fraser River community stewards as they pass through their communities.

August 29, 2009 Posted by | Community Economic Development (CED), Creativity, Earth, Life, Sustainability, Videos, Water | , , , , | Leave a comment