Displaying posts published in

November 2010

Working for Equity Doesn’t Always Work

Working in IT, a common occurrence is to hear about projects being run by a group of people who believe in the product, and are essentially donating their time. Money is generally budgeted in such projects toward difficult-to-avoid expenses, such as incorporation fees, or for services which they cannot get donated. However, occasionally a skill […]

A Time for Action

Usually, this article would be dedicated to a particular pitch from the previous week’s episode of Dragons’ Den, but today, it’s focused on a piece of advice issued on the den. With a business trying to move forward rapidly before they had a sufficiently strong business model, Arlene Dickinson of Venture Communications made an interesting […]

The Best Location For Your Business

A common question when starting a business is in regard to choosing a jurisdiction under which to operate. For example, here in Canada you can incorporate provincially or federally. In the US, you can incorporate in any of the states, provided you meet their requirements. Other countries will allow you to form a corporation under […]

Finding Ideas for Business

One question that comes up time and time again is how businesses find ideas – whether it be for a product, a service, or anything really that they can get people to pay for. The answer to this question, perhaps, could be an entire business on its own. However, there are a few different ways […]

Decision Making

During the course of recent reading, I came across several discussions about the concept of making decisions. One of the more interesting facts I came across is that there are two types of decision makers – those who take the safe routes, and those who dare. Reflecting over various events, along with supporting evidence provided […]

Out-sourcing and Risk Management

A recent project was a real learning experience about the risks associated with out-sourcing. Not that it would stop me from out sourcing any other work, but rather it taught me how to manage the risks of using someone outside your company. The project began with everyone positive and upbeat, but then things began ton […]

Diversity and Focus

In last week’s episode of Dragons’ Den, there were two pitches that were of particular interest, since both had the same issue, but from the exact opposite perspective. In one case, the issue was in regard to too much diversity and not enough focus, in the other, it was the lack of diversity which drove […]

Don’t Confuse Me with the Facts

I was reading the book All Marketers are Liars by Seth Godin, in which he discusses the approach to marketing that has been rapidly made into the norm for successful businesses – learning to tell a story. That is, a successful marketer will connect with their audience by telling them a story, which, as a […]