EQ Journal

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IOE, Institute of Entrepreneurs

IOE5100, Advanced Business Models Exploriem.org’s Institute of Entrepreneurs presents IOE5100, Advanced Business Models for Entrepreneurs, Intrapreneurs and Artpreneurs, an MBA level course (For available dates and times as well as more information, please contact: Ms. Theresia Scholtes, tscholtes @ exploriem.org or @tclsholtes) Come study with Prof Bruce, a leader in designing and building business models [...]

On Leadership (Continued)

(Prepared for Professor Matthew Archibald’s 4th year Seminar on Leadership Development: Friday March 9, 2012 from 1 to 3 pm in DMS 4140) For more on this subject, please refer to: Defining Leadership, http://www.eqjournal.org/?p=2668. Corporate Culture, http://www.eqjournal.org/?p=2656. The Entrepreneur Skill Set: A to Z, http://www.eqjournal.org/?p=1274. On Leadership, http://www.eqjournal.org/?p=1155. 10 Things that Entrepreneurs can Learn from [...]

Finding Bootstrap Capital Where You Least Expect It

(How one company made $800,000 from their below market office lease) Entrepreneurs and intrapreneurs work their magic every time they launch a new company/product or service with little or no funding. They’re amazingly good at finding niche opportunities and exploiting them to raise cash. Here’s one I learned from Rod Bryden who was on the [...]

Bootstrapping Your Own ETA Business

(Executive Travel Apartments Are Not Subject to RTA, Residential Tenancy Agreement) (Reducing Capital Requirements for Startups) A former student recently introduced me a new form of Bootstrap Capital, or at least, one I hadn’t considered before. It seems obvious to me now but I think it takes some creativity to apply it to any business [...]

Financial Leverage: A Simple Model

(Is Bootstrap Capital a New Form of Capital?) (What Occupy Wall Street is Really Complaining About) Leverage or gearing means using OPM, Other People’s Money, in one of your projects. Simply put, when your project’s rate of return is higher than the coupon rate (interest rate) on money you borrowed or used to capitalize it, [...]

Institute of Entrepreneurs

Introduction Exploriem.org is launching the Institute of Entrepreneurs (IOE) this year. Why? To bring advanced research, education and mentoring to student entrepreneurs and intrapreneurs from self-capitalized and forward-looking enterprises across Canada and around the world. IOE provides access to research, education and a network of high achievers that you just can’t get anywhere else. The [...]

Why Business Models Are Important

Sam Palmisano, when he was CEO of IBM told BusinessWeek (April 3rd, 2006) why he places a great deal of emphasis on the importance of business model innovation. He said: “…with product innovation, it’s a certainty that your competition is shortly going to copy what you have done. With business-model innovation, though, if you can [...]

Real Estate Investing Made Simple

I met with a couple in their early 40s last week and they asked me to lay out a program for them so that in addition to building their portfolio of financial assets, they could create a real estate portfolio as well. They agreed that the latter would not include a ‘flip this house/as-seen-on-TV’ approach–they [...]

IRR, Internal Rate of Return

Power of Leverage/Goal Setting Determining the Internal Rate of Return Probably the truest measure of a project’s rate of return is its Internal Rate of Return. The IRR is that interest rate that exactly balances the discounted value of future net cashflows with the investment required to develop the project or enterprise. The higher the [...]

Strategic Investor

Introduction One of the most overlooked sources of self-capitalization (bootstrapping) for new enterprises is the strategic investor. What is a strategic investor? Ans: someone who has a strategic interest in your success. How do you find them? Ans: look through your value chain. Check out your supply chain, your customers (and their customers too), would-be [...]

Cash Conversion Cycle, CCC

Plus How the CCC Affects Your Internal Rate of Return, The Power of Leverage to Work for You and Against You, and Effectively Manage your Enterprise by Measuring your Cash Position Entrepreneurs intuitively understand the importance of the old saw: “Collect early, pay late.” Most SMEEs are bootstrapped and most bootstrapped SMEEs are chronically short [...]

Tree’d City

Question: How long does it take to grow a tree? Answer: As long as it takes. That is what makes trees so precious. Years ago, my wife and I bought a lot in Kanata Lakes (in the west end of Ottawa) on a golf course for our growing family. Although, we only had two children [...]