Col­bert wins busi­ness award

Gull Is­land res­i­dent and phar­ma­cist has suc­cess with re­tire­ment home

The Compass - - P2011ORTHTE - BY BILL BOW­MAN

A well- known North Shore phar­ma­cist and busi­ness­man has been named win­ner of CBDC’S 2011 Busi­ness Dis­tinc­tion Award for Trinity Con­cep­tion.

Paul Col­bert ac­cepted the award from Char­lie Adams, newly elected chair­man of the Com­mu­nity Busi­ness De­vel­op­ment Cor­po­ra­tion Trinity Con­cep­tion fol­low­ing CBDC’S an­nual gen­eral meet­ing on Oct. 18 at their of­fices in Car­bon­ear.

Ap­prox­i­mately 40 busi­ness­peo­ple and com­mu­nity lead­ers from the re­gion at­tended the meet­ing.

Col­bert is part owner of two phar­ma­cies — Tri- Con Phar­macy in Old Per­li­can and Western Bay Pre­scrip­tion Cen­tre.

With fi­nan­cial as­sis­tance from the Busi­ness De­vel­op­ment Cor­po­ra­tion (BDC) and CBDC Trinity Con­cep­tion, in 2006 he ac­quired a re­tire­ment home that had been op­er­at­ing in Old Per­li­can un­der other own­er­ship since 1986.

Ac­cord­ing to Diane Hodge Burt, CBDC’S ex­ec­u­tive di­rec­tor,” Paul and his staff of 11 have worked hard to make the home a wel­come and com­fort­able environment for their res­i­dents; and they have also worked hard to make the home fi­nan­cially vi­able and sus­tain­able.

“Over the past five years the oc­cu­pancy rate has in­creased from 53 per cent to 71 per cent, and Paul re­ports that it is ex­pected to rise again within the next month or so to 76 per cent.”

Ex­tra spe­cial

Hum­ble in his ac­cep­tance of the award, Col­bert at­trib­uted the suc­cess of his new busi­ness ven­ture to his wife and staff at the home.

“My wife Judy de­serves this more than I do,” he told The Com­pass af­ter the pre­sen­ta­tion cer­e­mony.

“I look af­ter the fi­nan­cial as­pect of it, and she looks af­ter the day-to-day run­ning of the busi­ness. So her and the staff are the ones who de­serve the thanks for the suc­cess of the busi­ness.”

Con­sid­er­ing the award to be a great hon­our, he said, “to win this award is ex­tra spe­cial.”

From 24 res­i­dents at the re­tire­ment home when they took it over in 2006, Col­bert said they cur­rently have 32, a num­ber that is ex­pected to rise to 35 this fall. While the home could ac­com­mo­date a max­i­mum of 45 res­i­dents, Col­bert said they are com­fort­able with the numbers they have to work with.

A na­tive of Job’s Cove, Col­bert has resided in neigh­bour­ing Gull Is­land for the past 24 years with his wife, Judy. They have two chil­dren, Ash­ley, 24, who is fol­low­ing in her fa­ther’s foot­steps, study­ing phar­macy, and Matthew, 21, who is study­ing phys­i­cal ed­u­ca­tion.

At the com­mu­nity level, Col­bert has been ac­tive with lo­cal ser­vice districts and hockey and soft­ball as­so­ci­a­tions. He also served on the first board of trustees when seven health boards were amal­ga­mated to be­come East­ern Health.

Nom­i­na­tions

Each year, CBDC staff nom­i­nate can­di­dates for the an­nual Busi­ness Dis­tinc­tion Award. A nom­i­na­tions’ com­mit­tee made up of CBDC board mem­bers and staff re­view the nom­i­nees and pick a win­ner.

All clients, past and present, are el­i­gi­ble for the award, pro­vided they have been en­trepreneurs for at least a year. A busi­ness can be nom­i­nated as long as the ma­jor­ity owner is a client of CBDC.

Nom­i­nees are judged on op­er­at­ing suc­cess, sales, fu­ture growth and con­tri­bu­tion to the lo­cal and provin­cial econ­omy.

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