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TAKE ACTION Look For Ways To Grow.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)

Investor's Business Daily

| October 01, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Cord Cooper

3 In 1961, Jim Pattison bought a Buick-Pontiac dealership in Vancouver, British Columbia, with a $40,000 bank loan. All his assets were pledged as collateral.

Today, the privately held Jim Pattison Group, based in Vancouver, spans eight industries and brings in more than $3.8 billion a year.

Included in his portfolio: the Ripley's Believe It or Not franchise, 14 car dealerships, export and financial services, 20 radio stations and three TV outlets.

That's just for openers.

Pattison's News Group is one of North America's largest periodical distributors. His consumer-goods retail unit leads the market in western Canada. And his signage firm services clients in North and Latin America, Asia and Europe.

He grew the firm by acquiring "beat-up businesses" in hot industries, assembling top management teams and "working long hours," he said.

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