Sarah Lynn Russell set to reboot Distinctive Interiors' craftsmanship
BLAKETOWN, NL, May 22, 2013 /CNW Telbec/ - The Business Development Bank of Canada (BDC) announced today that the turning point project, "Ready to Reboot", submitted by local businesswoman Sarah Lynn Russell will represent
Newfoundland and Labrador in the finals of the 2013 BDC Young Entrepreneur Award.
Sarah's project aims to automate Distinctive Interiors' conventional processes and spur growth in a hot housing market. She'll
need a resounding show of support from voters near and far to take home
the $100,000 grand prize!
Originally a manufacturer of pine mouldings for the wholesale market,
the company expanded into retail, diversifying its locally sourced and
manufactured products to include stair components, cabinetry, hardwood
flooring and interior doors. With a repositioned brand, Distinctive
Interiors has reached a critical juncture and needs the right
technology to deliver on multiple projects in the works. "A proper
inventory control and manufacturing software system will help
streamline and speed up our processes, which will shorten wait times
and help our team better respond to customer needs," Sarah Lynn
explains. "There's a big demand for wood products and lots of room for
us to grow in Newfoundland's booming housing market."
A mechanical engineer by profession, Sarah Lynn signed on full- time in
2009 to manage the company's day-to-day operations. She made the leap
to ownership in 2011, allowing her father, the company founder, to
complete the business transition and retire. While she harbours some of
her dad's adventurous spirit, Sarah Lynn's big dreams for the business
are deeply grounded in reality. "We have a solid reputation to build
on, and technology will help solidify and grow our market presence,"
she adds. "It will also make our team's efforts a lot easier. Our
employees work extremely hard to keep up with demand and their
dedication is a big part of how far we've come."
"All the finalists competing for the 2013 BDC Young Entrepreneur Award
presented sound turning point solutions that could provide a solid
springboard for future growth and success," says Michel Bergeron,
Senior Vice President, Marketing and Public Affairs at BDC. "Sarah and
her company stand out as a vital part of their community, creating jobs
and supporting local economic development."
"As a small manufacturer, we're part of the fabric of life here and our
project, Ready to Reboot, needs each and every vote to win this," says
Sarah Lynn. "In a big-box world, the personalized service and
convenience we offer sets us apart. Your votes will help Distinctive
Interiors grow this second-generation business, hire more people and
preserve our reputation for dependability."
Voting for the 2013 BDC Young Entrepreneur Award contest runs from May 22 to June 11. To support your favourite project,
log into the contest microsite and vote once a day. Follow the contest through updates on Facebook at
"BDC Entrepreneur", Twitter at @BDC_News and LinkedIn. The BDC Young Entrepreneur Award winner and runner-up will be
announced on June 17. The runner-up will receive $25,000 in consulting
About the BDC Young Entrepreneur Award contest
Created by the Business Development Bank of Canada in 1988, the BDC Young Entrepreneur Award contest pays tribute to remarkable Canadian entrepreneurs between 18 and
35 years of age. Nine finalists were short-listed to compete for a
$100,000 grand prize. The winner will be selected by public vote and
the contest runner-up will receive a second prize of $25,000 in
consulting services. The Financial Post and La Presse are the media partners of the 2013 BDC Young Entrepreneur Award. www.bdc.ca/yea
Canada's business development bank, BDC puts entrepreneurs first. With
almost 2,000 employees and more than 100 business centres across the
country, BDC offers financing, subordinate financing, venture capital,
securitization and consulting services to more than 28,000 small and
medium-sized companies. Their success is vital to Canada's economic
SOURCE: Business Development Bank of Canada
For further information:
Senior Advisor, Public Relations
Business Development Bank of Canada