Business Ventures
By 1997, Adams had founded several businesses, including Kudlik Electric Ltd., Kudlik Construction Ltd., Rankin Inlet's Nanuq Inn and Ottawa's Umingmak Expediting Ltd. Adams is also president of Polar Bear Cave Investments, a company that owned the Nanuq Inn until its closure in 2003. As of 2009, Adams' company still owed approximately C$350,000 in unpaid interest to the Nunavut Business Credit Corporation, a Crown corporation. The initial loan was taken out to fund the opening of the Nanuq Inn. According to Adams, the Corporation was considering writing off the debt prior to its headquarters' relocation from Cape Dorset to Iqaluit.
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Famous quotes containing the words business and/or ventures:
“In business be as able as you can, but do not be cunning; cunning is the dark sanctuary of incapacity.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“At the moment when a man openly makes known his difference of opinion from a well-known party leader, the whole world thinks that he must be angry with the latter. Sometimes, however, he is just on the point of ceasing to be angry with him. He ventures to put himself on the same plane as his opponent, and is free from the tortures of suppressed envy.”
—Friedrich Nietzsche (1844–1900)