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Business World |
July 2015
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don’t have the ability to target and pioneer
areas,” Rick said. “We have to be flexible, sit
back and see how certain areas react. Once
we see the opportunity, we can strike with
fast decision making. This is an advantage
of being a smaller company as opposed to a
larger conglomerate - we can invest and di-
vest relatively quickly.”
But that doesn’t mean they invest in the first
thing they see, either. Unbeknownst to Rick
at the time, patience would indeed be a vir-
tue – and a new opportunity to push Isle of
Mann into another province.
“We really do our due diligence before we
go into an area,” Rick said. “We’re presented
with many deals and we’re open to exploring
new markets. It allows us to keep our eyes on
new areas. This is how we got into Alberta.
We never had the aspirations to move there,
but one day an opportunity came into the
door and presented us with the possibility.”
“When we got into Alberta we were the new
kids on the block and word spread quickly
that our company hadmade a splash,” he con-
tinued. “When we’re in the Lower Mainland
we’re dealing with developments anywhere
from five to 15 acres. There you’re dealing
with properties between 160 to 640 acres.
The scope is very different, but took the op-