For the first time since Yelp became a publicly traded company, it reported a profit (Q2 of 2014). Today, its valuation sits around $5 billion, and boasts a monthly average of 138 million unique visitors. And while Yelp faces competition from some pretty heavy hitters -- Google, for one -- the future of the company looks promising.
Across the Fortune 500 companies and throughout cities worldwide, women appear to hold the short end of the stick. Women are considerably underrepresented as CEOs, officers, and directors in the corporate world. Since women occupy nearly half the total work force in the United States, what is the reasoning behind these inexplicable labour statistics?
Coworking spaces are emerging as the new work environment of choice. Today, shared spaces around the world are bringing increased levels of happiness, productivity and collaboration to their members, and at a price far more affordable than the alternative. So here they are, five reasons to close the door on private offices.
In an election year, anything goes: While Waterloo Region council convenes on March 4 to vote on a $550-million contract for the work and materials for the project (which has technically already started), the first candidate to file his nomination papers for October's Waterloo mayoral contest has decided to run on an anti-LRT platform... and he's finding supporters.
All Canadians have a stake in reducing franchisees' drastic losses in startup brands. Franchising is an integral part of Canada's economy, particularly the retail sector. Canadian franchisee investors and consumers are drawn to franchise brands based on their potential to offer proven business systems, consistency and recognized goodwill.
Much as I like the intertwining of inspiring stories, witty repartee, and gong show ideas -- I don't watch 'Dragons' Den' or its American equivalent 'Shark Tank.' These shows, in my opinion, are misleading a generation of entrepreneurs into believing that the end game is a financing, not a business.
There are many acquisitions that have raised eyebrows or resulted in a general state of confusion among observers, both within and outside of the tech industry. Sometimes, acquisitions are made that don't seem to make any sense, at least not on the surface. Below are three such acquisitions made by tech companies this year and some educated speculation as to why they might have occurred.
Not enough young people believe they can change the world on a global scale. The problem is a mindset problem, and one I believe is more dire than some might think. Too many young entrepreneurs think they're rock stars by launching another social network, or naming themselves the CEO of the world's 498th messaging app. Honestly, they're probably wasting their time.
Within our team we spend a lot of time talking about the concept of the 'willing innovator'. At a time where practically every industry needs software, it helps us think about the people we want to partner with -- those who align with our culture and view of the world. To us, this isn't necessarily about having been innovative in the past.
In 2013 the Canada Cup lost $20,000. Major financial hits aren't limited to large events and festivals. Even the little guys take on an unreasonable amount of risk when organizing an event. High promotional and ticketing fees, and lump sum deposits for venues make it nearly impossible to try a new idea without taking on a huge financial risk.
I sought to find my inner force through Institute B's second Changemakers workshop on "Authentic Leadership". Institute B is a Vancouver-based startup accelerator that provides guidance, funding and education to local entrepreneurs and their nascent companies. Institute B focuses on helping socially-conscious companies and people whom do not sacrifice making the world better for profit.
Answering "how is the world left better because of me" guides people from abstract goals and mindsets to deciding what behaviours are necessary every day. Focusing on the emotional response to these questions is the foundation for a business's culture and brand. In just two hours with Institute B, I learn more about myself, personally and professionally, than I do in most of the business workshops I attended this year combined. Now that's good for business.
I got involved with Startup Weekend four years ago because I firmly believe that entrepreneurship is the most powerful way to build a strong, sustainable, innovation-based economy. Having seen Startup Weekend grow and flourish in Toronto over the last four years, I have no doubt that we will see a game changing education project come out of this local entrepreneurial community.
Today, our company - Buytopia.ca - Is one of the largest Canadian competitors in the daily deal space. But when we started two years ago, we only had $45,000 of start-up capital. So how did we pull it off? Over the past year, we've bought six smaller daily deal companies These are seven steps we took to make it happen.