PERSONAL FINANCE
+ Hedge funds
+ Return to investing
+ US real estate
+ More...
SMEs
+ Surviving in tough times
+ How CAs can add value
+ Entering foreign markets
+ More...
IFRS AND ISA
+ Conversion checkup
+ IFRS and Canadian GAAP
+ New auditing standards
+ Gauging ISA adoption
+ IFRS and audit firms
+ More...
TECHNOLOGY
+ ERP and PSA survey
+ BI/CPM survey
+ CRM survey
+ Getting the PEARL
+ More...
WORKPLACE
+ Preventing fraud
+ Chronological resumes
+ Articling in industry
+ More...
EXPERTISE
+ Offshore trusts
+ “Go green” tax incentives
+ Global transfer pricing
+ More...
By Rosalind Stefanac
A self-professed challenge seeker, CA Brent Young took the ultimate test. Rather than find another finance job when his family’s business was sold in 1996, he opted for a new profession. So at 35, this father of two cracked open the books and braced himself for the grueling pace of medical school. “I think my CA colleagues thought I was nuts, but I suppose I have a high tolerance for abuse,” he says. Young passed with flying colours and now the 44-year-old family physician runs a successful medical clinic in Winnipeg with a team of doctors, serving some 25,000 people. In the two years since the clinic opened, the number of physicians has doubled and the space is being expanded to accommodate a stress testing laboratory, physiotherapy services and a pharmacy.
In 1988, after articling with Thorne Riddell, Young joined his father’s business as vice-president of finance for one of the largest feed manufacturers in Western Canada at the time. The experience was rewarding, but Young had always toyed with the idea of a career in medicine because he was interested in sciences and enjoyed helping people. After his residency, Young proposed starting a clinic to several colleagues. Coincidentally, two of the three doctors who took him up on his offer were also on their second careers: one is a former lawyer and the other an air force pilot.
Young credits his current success, at least in part, to his CA experience. “I don’t think I would have had the wherewithal to open a clinic and undertake the type of business planning that goes into setting this up without those skills,” he says. “Plus, I still maintain that the UFE was the hardest exam I ever wrote.”
And the next challenge? Young says he sometimes kids his wife about starting another profession. “At that point she tells me it’s enough.”