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A "NewCo" is a new kind of organization -- one that measures its success by more than just profit. As the fully networked, information-first economy has taken hold, NewCos are creating game-changing, purpose-driven new models for business. NewCos are everywhere.
The statistics are alarming. Nine out of 10 start-ups die at five years. I know the challenges personally because I'm on my eighth start-up now. From selling one of my successful ventures to Arlene Dickinson of the Dragon's Den, to some not so fruitful ventures, I have had my share of wins and losses.
True success of an entrepreneur comes not from their ideas, but from their inner mindset and character traits. It takes a certain type of leader to endure startup life and persevere past the hurdles that will inevitable lay ahead in their efforts to inspire disruption or bring a new innovation to life.
When you are part of the start-up world, one of the things everyone will tell you is that in order to succeed in your career, you must find yourself a mentor. Someone who can help guide you through the trials and tribulations you will endure in your business because they have been there themselves.
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Shopify began trading on both the TSX and New York Stock Exchange last Thursday, and its shares have soared about 75 per cent from the IPO price.
Over the years I have worked with hundreds of new entrepreneurs. I often compare starting a business to motherhood -- both involve excitement, joy and complete fear and self doubt as to whether you are up for the job -- be it as a business owner or parent. Here are some pointers for new entrepreneurs.
As our relationship with technology matures, we do expect more human connections online and we want our things to have some intuition. But are we building a world where HAL 9000 or Samantha the OS from Her will become our confidantes?
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There are worse things he could be addicted to. It could have been drugs, sex, porn, or the Candy Crush Saga. With my husband, who is a straight up sort of guy, it was computer science.
I have often thought it would be cool to own a yoga studio and as I type this blog, I am actually sitting in my very own studio gulping down a protein shake. How did it happen? Well that's a good question because it happened in one just one week, (well sort of...).
In September of 2010, Troy Conrad launched a new format of stand up: unscripted and on a topic that the performer sees at the same time as the audience. It is (quite aptly) billed as "Stand-up Without a Net. I recently spoke to creator Troy Conrad and Paul Provenza about Set List, and the changing business of comedy.
If you need to build connections from scratch, be fearless. Pick up the phone. Write the letter or email. At conferences and social events, approach people and be approachable. Be clear about your value proposition and needs. Ask how you may help them, and ask for support. What's the worst that can happen? They politely decline.
The City of Vancouver has ignored how quickly digital moves in terms of technology, trends, opportunities for citizen empowerment and needs for infrastructure. For the digitally advanced, Vancouver will continue to be behind the times. For the average citizen, very little change will be seen or felt.
Everyone said I had to use LinkedIn when I was working to launch Zillidy. I currently have over 600 LinkedIn connections, which according to the website links me to over 10.5 million professionals. So why is LinkedIn such a powerful tool for small business? I believe it's because of the following reasons.
The competition continues to intensify between Canadian bank and non-bank lenders to carve out their share of the $18.4-billion market for small-business loans of up to $250,000. But as entrepreneurs assess their options, here are 10 points to consider that, in addition to the headline interest rate, impact the total cost of borrowing.
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Dane Maxwell could be mistaken for just another entrepreneur, but the reality is that Dane is far more than that. He's smart, strategic, caring, a savvy entrepreneur and he's shaking up a lot of the old ways of building an online business. There are so many more golden nuggets in this interview -- far too many to count. I hope you'll take the time to listen to it.
This week, I talked with Heather Payne, Co-Founder of Ladies Learning Code, a Toronto-based organization with the goal to empower women to learn how to program, and understand tech better. It all started when Heather Payne, fresh off learning how to build her first personal website, wanted to learn a backend language. She couldn't find great resources, and found it hard to get started.
When you're with a start-up and you run into a problem you can't solve, what do you do? The obvious answer is you turn to someone who has built a business before. What if you don't have someone like this in your sphere of influence? Well, that's where cold calling (or emailing) comes in. But people have an irrational fear of cold calling. Here's how to get the most out of a cold call.
In the earliest stages of our start-up, we decided to pull in the opinions and advice of experts. We were eager to hear different perspectives from our own. It became clear early on, however, that we would need to navigate through the advice using our best judgement. Remember: One of the things only you and your team can bring to this business is your unique perspective.
As most start ups can tell you, introducing a new business to the market place requires factoring in many components. The most vital of which is credibility. A new business needs to figure out how to convince its target audience that they are a worthy supplier. The dilemma is that it's hard to prove how great you are when you haven't gotten the chance to do so.