Many people in corporate roles fantasize about breaking free and launching an entrepreneurial venture. Three years ago I took the plunge and did just that, leaving behind a senior role in management consulting to start a talent marketplace for freelance consultants. Unfortunately, my business model didn't gain traction, but the experience was the best thing that ever happened to me professionally speaking.
There are many things that are expected to go hand-in-hand with growing a business, such as little sleep, cash flow concerns, stress, and endless coffee consumption, but with so many tasks to complete (and endless decisions to make), many entrepreneurs fail to acquire the proper tools to successfully transition from startup to successful business.
Log management systems are largely based on one concern; finding the root cause of a problem, like security breaching, diagnosing issues, chasing down server errors and looking up customer activity. There is now a market for the logging management industry, whereas there's nothing new about all softwares and systems producing log files.
It is time that Metro Vancouver bands together to form a regional strategy that collectively concentrates tech into a defined area that can serve as the catalyst for greater overall success for the industry. Toronto's tech community understands its value in being close to the financial centre of the country, and clustering will similarly allow Vancouver to better develop our brand and competitive advantage for the future.
I think becoming an entrepreneur is not as hard as some might think, but staying an entrepreneur with passion and drive is not for everyone. It's not a label of courage or wisdom by any means, it's about one's personality. But when you've decided to build a business you need to do all it takes, without burning out, and this could mean being selfish.
Research regularly shows that the millennial generation are actively looking to work differently and are increasingly drawn to the type of careers the gig economy offers. As the gig economy grows, so do the opportunities for organizations of all sizes to increase their impact and profits in a way that is cost effective and creative.
Some of Canada's biggest success stories show us that if you want to make it big, you've got to move south. Slack, the popular chat application for business teams, was originally founded in Victoria but is now headquartered in San Francisco, where access to capital has helped the company achieve explosive growth. So why-oh-why would anyone want to live and work in Vancouver?
Like many other fintech startups, we only replace one or another aspect of banking services, but we obtain capital through private investment, not customer deposits through a chequing account. This fundamental difference is often overlooked in the conversation around regulating fintechs like banks and credit unions.
Approximately 140,000 new businesses are started every year in Canada, yet half of them don't make it to their fifth year. Small businesses are key drivers of economic growth in our country and we must equip entrepreneurs with the tools and resources they need for long-term success in order to help transform Canada into the innovation hotbed we know it can be.
For some of us, denim is a lifestyle choice. Sporting our prized jeans during work and play, it's only natural that maintaining our baby blues is part of life's daily routine. Bordering on an obsession similar to that of wine aficionados, 'denimheads' also thrive on a high that comes from seeking, enjoying and preserving special washes, cuts, vintages and grades of denim. There's just one problem: luxury denim is notoriously expensive. And now, there's a solution.
Even visionary company founders need lots of help navigating the road to success. And that help includes everyone from the suppliers who influence product profitability to the financial backers who dictate a start-up's ownership distribution. And it is no secret that these critical partners dislike doing business with jerks -- even visionary jerks.
Like society, a company's success depends on a culture that is created and cared for by its people. We know this and yet sometimes this fact gets lost. At the companies I'm involved in, we feed people, but we're actually about building culture. There is no better way to bring people together than breaking bread. Culture is not a something, or a someplace, it's not even a someone -- it's the shared space between.
Starting a company is not an easy task to tackle. There is a lot to think about, and it is extremely hard to do alone. Fortunately, if you are in Montreal or thinking of relocating to the fabulous city, Montreal can make that start-up move a little easier with quite a few incubator and start-up hubs to get your business moving.
The world of online advertising is complex and ever-changing, but it's also exciting and filled with promise. As innovation in advertising technology continues to evolve, old-hat tactics, such as direct response marketing, are quickly becoming obsolete. Here's a list of digital marketing predictions set to reshape the online advertising landscape in 2016.
For businesses in the idea stage seed capital is typically provided by the founders themselves and "love money" from family and friends. There are also a number of public and private organizations willing to step in and make relatively small investments to help grow businesses to a stage where bigger dollar players, such as venture capitalists, take an interest.