Life Lessons from a Compassionate Billionaire | Canada News Media
Connect with us

News

Life Lessons from a Compassionate Billionaire

Published

 on

A new book by billionaire businessman Patrick Priestner is listed on book-selling websites in the Biography & Memoirs section, but it could just as easily appear in the Business section due the depth of lessons and wisdom the author gleaned in five decades of business success.

In Priestner’s first ever book, Notes for the Children, A Journey on Life’s Broken Road, he offers poignant reflections on the interconnections between family, relationships and the persistent challenges of leading a thriving business.

Refreshingly, Priestner makes no attempt to sugar coat just how difficult it is to find a balance between personal happiness and business success.

He also candidly shares the harsh realities of his difficult upbringing with an alcoholic father and a mother with addiction issues of her own. One could easily argue that simply surviving and having anything resembling a normal life would be considered a massive success given the stories he shares about growing up.

Yet it quickly becomes clear to readers that Priestner was driven to become something more that just average.

After dropping out of university, he started selling cars at 18 and eventually leveraged his skills, charisma and talent to become one of the biggest automotive moguls in North America.

This is the part where you’d expect to read about his fierce, cut-throat business tactics focussed on crushing rivals and doing whatever it takes to come out on top.

But nothing could be further from the truth. Priestner demonstrates over and over that it is compassion that drives his success. But in order to harness its power, he first had to learn how to be compassionate to himself.

“How can we show compassion for our children and parents, if we are unable to find compassion for ourselves?” he writes. “If we can’t accept our own faults, how do we accept the faults of others? If our compassion does not include ourselves, then how can it be complete compassion?”

He did not always possess that wise perspective. As a young man, the same demons that hampered his parents lives started to affect him. Priestner readily admits to a drinking problem that was harming his business and poisoning his relationships.

Through introspection and self compassion, Priestner changed the way he interacted with people and himself. He focused on mindfulness and a devotion to Buddhism to balance business and family life.

The results would come in time, but it was not an overnight transformation. While he conquered his drinking problem his first marriage did not survive.

“It took a while, but I’ve come to understand that too much of my time was spent dealing with significant anxiety, situational depression, heightened anger, too much craving, incessant guilt, too much drinking, and constantly beating myself up. Like so many of us, I was trying to deal with all these emotional issues but not looking in the right places for the solutions that would have provided long-term relief,” he writes.

In time, Priestner paved a new path for himself and found a happiness in life that must have seemed improbable to the boy whose father constantly belittled him and his siblings, was fired for stealing from his employer and constantly moved his family while on the run from various internal and external failures.

While a change in mindset and self-compassion underpinned his transformation, Priestner is adamant that self vigilance is critical to staying on the right path.

“I still need to give myself little attitude checks. If I forget, even for a day or two, this attitude veers a little over the wrong side and it takes some self-awareness to check in and improve my thoughts, feelings and actions,” he writes.

By taking a small step back, it becomes clear that Priestner’s life lessons can be applied as successfully to personal relationships as they can to maintaining and growing a business.

For Priestner, the result of his philosophy is a family of five children and four grandchildren, a successful second marriage and a business fortune that has given him the latitude to pursue several philanthropic passions.

In that vein, the proceeds from Notes for the Children are being directed to Well-being Canada, a non-profit organization started by Priestner, and his wife Diana, to provide mental health and wellness tools for youth.

Notes for the Children, A Journey on Life’s Broken Road is available at  Amazon, Indigo and Apple Books.

 

News

B.C. Conservatives promise to end stumpage fees, review fire management if elected

Published

 on

VANDERHOOF, B.C. – British Columbia Conservatives are promising changes they say will bring more stability to the province’s struggling forest industry.

Leader John Rustad announced his plan for the sector a week before the official launch of the provincial election campaign, saying a Conservative government would do away with stumpage fees paid when timber is harvested and instead put a tax on the final products that are produced.

Rustad said Saturday that under a provincial Conservative government, a small fee may be charged upfront, but the bulk would come at the end of the process, depending on what type of product is created.

He also promised to review how wildfires are managed, as well as streamline the permit process and review what he calls the province’s “uncompetitive cost structure.”

“British Columbia is by far the highest cost producers of any jurisdiction in North America. We need to be able to drive down those costs, so that our forest sector can actually be able to do the reinvestment, to be able to create the jobs and make sure that they’re still there to be able to support our communities,” he said.

The governing New Democrats meanwhile, say eliminating stumpage fees would inflame the softwood lumber dispute with the United States and hurt forestry workers.

In a statement issued by the NDP, Andrew Mercier, the party’s candidate in Langley-Willowbrook, said Rustad failed to support the industry when he was in government under the former BC Liberals.

“Not only will Rustad’s old thinking and recycled ideas fail to deliver, his proposal to eliminate stumpage would inflame the softwood lumber dispute — punishing forestry workers and communities,” Mercier said, accusing Rustad of ignoring the complexity of the challenges facing the industry.

The softwood lumber dispute between the U.S. and Canada stretches back decades. In August, the U.S. Department of Commerce nearly doubled duties on softwood lumber.

International Trade Minister Mary Ng has said Canada has taken steps to launch two legal challenges under the Canada-United States-Mexico Agreement.

Rustad said a provincial Conservative government would push hard to get a deal with the United States over the ongoing dispute “whether it’s with the rest of Canada or by itself.”

He said his party’s proposed changes are in the name of bringing “stability” and “hope” to the industry that has seen multiple closures of mills in rural communities over the last several years.

Most recently, Canfor Corp. decided to shutter two northern British Columbia sawmills earlier this month, leaving hundreds of workers unemployed by the end of the year.

According to the United Steelworkers union, Canfor has closed 10 mills in the province since November 2011, including nine in northern B.C.

Jeff Bromley, chair of the United Steelworkers wood council, said Saturday the idea of changes in favour of taxing the final product has been floated in the past.

He said the finer details of the Conservative plan will be important, but that the system needs to be improved and “new ideas are certainly something I’d be willing to entertain.”

“Something needs to happen, or the industry is just going to bleed and wither away and be a shadow of its former self,” Bromley said.

“Politics aside, if (Rustad) can come up with a policy that enables my members to work, then I would be supportive of that. But then I’m supportive of any government that would come up with policies and fibre for our mills to run. Period.”

When Canfor announced its latest closures, Forests Minister Bruce Ralston said the sector was a “foundational part” of the province and the current NDP government would work to support both local jobs and wood manufacturing operations.

This report by The Canadian Press was first published Sept. 14, 2024

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

Christian McCaffrey is placed on injured reserve for the 49ers and will miss at least 4 more games

Published

 on

SANTA CLARA, Calif. (AP) — The San Francisco 49ers placed All-Pro running back Christian McCaffrey on injured reserve because of his lingering calf and Achilles tendon injuries.

The move made Saturday means McCaffrey will miss at least four more games after already sitting out the season opener. He is eligible to return for a Thursday night game in Seattle on Oct. 10.

McCaffrey got hurt early in training camp and missed four weeks of practice before returning to the field on a limited basis last week. He was a late scratch for the opener on Monday night against the Jets and now is sidelined again after experiencing pain following practice on Thursday.

McCaffrey led the NFL last season with 2,023 yards from scrimmage and was tied for the league lead with 21 touchdowns, winning AP Offensive Player of the Year.

The Niners made up for McCaffrey’s absence thanks to a strong performance from backup Jordan Mason, who had 28 carries for 147 yards and a touchdown in San Francisco’s 32-19 victory over the New York Jets. Mason is set to start again Sunday at Minnesota.

After missing 23 games because of injuries in his final two full seasons with Carolina, McCaffrey had been healthy the past two seasons.

He missed only one game combined in 2022-23 — a meaningless Week 18 game last season for San Francisco when he had a sore calf. His 798 combined touches from scrimmage in the regular season and playoffs were the third most for any player in a two-year span in the past 10 years.

Now San Francisco will likely rely heavily on Mason, a former undrafted free agent out of Georgia Tech who had 83 carries his first two seasons. He had at least 10 touches just twice before the season opener, when his 28 carries were the most by a 49ers player in a regular-season game since Frank Gore had 31 against Seattle on Oct. 30, 2011.

The Niners also have fourth-round rookie Isaac Guerendo and Patrick Taylor Jr. on the active roster. Guerendo played three offensive snaps with no touches in the opener. Taylor had 65 carries for Green Bay from 2021-23.

San Francisco also elevated safety Tracy Walker III from the practice squad for Sunday’s game against Minnesota.

___

AP NFL:

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

Canada’s Newman, Arop secure third-place finishes at Diamond League track event

Published

 on

BRUSSELS – Canada walked away with some hardware at the Diamond League track and field competition Saturday.

Alysha Newman finished third in women’s pole vault, while Marco Arop did the same in the men’s 800-metre race.

Newman won a bronze medal in her event at the recent Paris Olympics. Arop grabbed silver at the same distance in France last month.

Australia’s Nina Kennedy, who captured gold at the Summer Games, again finished atop the podium. Sandi Morris of the United States was second.

Newman set a national record when she secured Canada’s first-ever pole vault medal with a bronze at the Olympics with a height of 4.85 metres. The 30-year-old from London, Ont., cleared 4.80 metres in her second attempt Saturday, but was unable conquer 4.88 metres on three attempts.

Arop, a 25-year-old from Edmonton, finished the men’s 800 metres with a time of one minute 43.25 seconds. Olympic gold medallist Emmanuel Wanyonyi of Kenya was first with a time of 1:42.70.

Djamel Sedjati, edged out by Arop for silver in Paris last month, was second 1:42.87

This report by The Canadian Press was first published Sept. 14, 2024.

The Canadian Press. All rights reserved.



Source link

Continue Reading

Trending

Exit mobile version