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Administrative barriers make it virtually impossible to gain funding, operate and create a sustainable business model in a timely fashion.
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The Canadian job market is in a state of flux, with the explosion of the on-demand economy and part-time employment increasingly becoming the norm for many workers. As a result, we're seeing more Cana...
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Since I've been both an employee and an employer, I know rules are needed to help a company run smoothly. Yet, many (too many) are for (as corporations love to say) "optics." It's always amazed me how little wiggle room there is in big companies. Employees typically work more hours than they're supposed to, and while not all employers have the ability to reward their hard work monetarily, they can certainly thank them in other ways.
With a ride home at our fingertips, we now expect food, accommodations, even dates via the swipe of a finger, and hundreds of companies around the world have attempted to capitalize on a generation of consumers willing to pay a premium for "right here, right now" service. But after billions of dollars were poured into this hyper-growth industry, we are beginning to see some of these companies surrender. Here's why.
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Nothing is harder than being an entrepreneur: self-sacrifice, countless hours, true diligence and undying commitment. I interviewed the following accomplished entrepreneurs, who excel at what they do and have been handpicked by the media as ones to watch. Here, they reflect on their past mistakes and share some of their insights with their B2B counterparts when it comes to e-commerce, IT, funding, delegation, sales and scaling too fast.
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Regardless of whether your ideal client is an independent business owner or part of a large organization, the time you spend in choosing the rights clients will put you further ahead in the long run than settling for work from those who don't "fit" you business model or professional value system.
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More than a decade ago, I made the life-changing (aka turned upside down) transition from the corporate world to the realm of self-employment. Being able to set my own schedule, control my income, follow my passion and be my own boss has been equal parts rewarding and terrifying, and it's something I think everyone should experience.
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I know I'm stating the obvious to my fellow Canucks, but there are a few tried-and-true Canadianisms that have served me well, both professionally and personally (and perhaps that Internet troll of a U.S. president-elect might consider trying them).
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It's true that coworking spaces have freed industries from the confines of cubicles, however certain industries crave privacy and quietness to get their work done. Some jobs are meant to be done in solitude. To name a few: actuaries, political scientists, paralegals, medical record technicians, accountants and technical writers.
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The newest trend in digital marketing is utilizing a micro-influencer strategy. Brands are shifting away from the regular social media celebrity to people with fewer followers. They are now using strategies that focus on the qualitative rather than the quantitative aspects of social media influence to obtain audience engagement.
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A few weeks ago, I was invited to fancy gala and immediately dismissed the invite because I'm not fancy. However, a dear friend convinced me to attend and take her as my plus one. The event celebrated Canada's leading female entrepreneurs with a cocktail evening where the winner of the Business Women Award (BWA) and New Generation Award (NGA) were to be selected and announced.
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Ask an American to name an entrepreneur and odds are names like Mark Zuckerberg, Mike Dell and Larry Page will roll off their tongue. When asked to name up to five high-profile entrepreneurs, a third of Canadians could not name a single one. Why is that?
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Startup culture has become somewhat of a cliché: ping pong tables, bean bag chairs, unlimited snacks. But snacks do not make a culture. These surface items mean nothing if they do not reflect a deeper satisfaction within the work place. So, how can burgeoning startups dig deep and ensure engaged employees and a positive environment?
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When I started my company in 2014, I was excited to build a "fintech" company that used technology and data to reinvent banking for everyday consumers. Since then, fintech has rapidly become a buzzword.
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In the hustle and bustle of our busy lives, we often become immune to how convenient and productive our lives have become thanks to innovation. What was once unthinkable even 10 years ago, like the way we binge watch entire series on Netflix, or using Waze to decide the best way to get to a meeting, is now commonplace and almost taken for granted.
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Toronto is showing signs of the city coming into its own as a global technology hub. More firms are making the move to Hogtown, and the city is also turning out its fair share of hometown heroes when it comes to successful tech companies. So, what is making Toronto such a coveted destination for tech companies and eager employees alike?
With the rise of smart phone technologies and development of lower cost health tech, there are more and more convenient and inexpensive ways to connect providers and consumers. There are in fact a growing number of services offering on-demand medical services like medication delivery, house calls, and tele-medicine. In other words, we haven't seen the new health-Uber yet. But why not?
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Every innovator and entrepreneur wants to leave their mark on the world, something they've created (possibly "the next big thing") or something that has truly made a difference. As a serial entrepreneur and innovator/designer, I've always been curious about how things work and matched it with a drive to solve a problem.
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Many things go into building a successful company -- awesome people, vision, and strong systems, to name a few. But the biggest and best companies get to where they are because their leaders make time to prioritize one thing: thinking. I mean taking time to ponder issues, develop strategies, and plan for the future.
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A sufficient SEO strategy today not only ensures your website ranks well for relevant, high-volume keywords, it must also account for brand integrity, customer support, conversions and data security. If you want to be successful, you need to be ready to address the full DNA of SEO in 2016.
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.
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Bees are some of the hardest working creatures on the planet, and they're amazing team players who put the needs of the colony above those of individuals. I stood motionless in the apiary, where thous...
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.
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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.
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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.
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n the early days of 1-800-GOT-JUNK? my hiring decisions were based on convenience: Are you my friend? Do you have a pulse? Can you drive a truck? I was desperate for bodies and hired almost anyone who came along. Hiring this way worked in the short term, but ended up being a disaster.
Ironically when these rock star founder CEOs do really well, that also increases the chances that they're going to be replaced. Transitions between founder CEOs and non-founder CEOs are one of the least talked about aspects of a maturing software industry, but also one of the most important.
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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.
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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?
Whether your company is startup size or an enterprise that has always done things one way and is resistant to change, there are some great benefits to adopting a startup mentality. Will you be bold enough to reap them?
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.