EQ Journal

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Negative Cost Selling Solar Arrays

School Board Pays Negative Cost for new Solar Panel Installations Rex Parris, Mayor of Lancaster, California doesn’t like to lose. It must come from his class-action lawyer background where he won almost $1 billion in claims for his clients and himself. Three years ago he decided to make the city where the sun (almost) always [...]

Things Every Tech Startup Needs to Know about Self-Capitalization

By Bruce M Firestone, B Eng (Civil), M Eng-Sci, PhD Abstract In the five year period leading up to 2010, approximately 91.6% of all tech startups in the US were self-funded or bootstrapped, 8.1% were Angel-backed and just 0.3% were VC-funded. How to self-fund (self-capitalize or bootstrap) new tech enterprises is the subject of this [...]

Ottawa Sports Hall of Fame Acceptance Speech

By: Bruce M Firestone, Founder, Ottawa Senators Date: June 6, 2012 Thank you for inviting me here tonight. I can’t tell you how excited I am to be here with my family, friends, colleagues, Sens fans and executives as well as Board of Directors from the Ottawa Sports Hall of Fame. I got word that [...]

Renaissance Repair

Ottawa’s Next $100 Million Tech Startup? (Portions of this article originally appeared in Ottawa Business Journal, April 16, 2012: http://www.obj.ca/Opinion/Bruce-Firestone-5444.) When you first meet Len Anderson in his company’s bustling headquarters—a capacious Kanata office building on Leggett Drive which looks more like a warehouse once you are inside—you are struck by his sense of humour [...]

Moneyball Movie

10 Things You Can Learn about Sports and Business from Moneyball What the Ottawa Senators did Right to Make the Playoffs 12 out of 13 Years Television’s Golden Age could be Ahead not Behind I am an Aaron Sorkin fan from his days writing A Few Good Men, The American President and, of course, The [...]

How did Ross Video Experience 21 Consecutive Years of Growth?

(Portions of this article originally appeared in Ottawa Business Journal, March 30, 2012: http://www.obj.ca/Opinion/Bruce-Firestone-5444.) The sky is falling, the sky is… Many observers of Ottawa’s tech scene seem to think it’s the end of Silicon Valley North but try telling that to David Ross, 90% owner of Ross Video. The other 10% is owned by [...]

Bundling

I think bundling is going to be a big factor in terms of leveraging entrepreneurial ventures in this century. For example, Lululemon Athletica not only sells active wear they also have Yoga classes in their stores. In essence, they are housing two complementary businesses under the same roof. But there is no reason why they [...]

70 Ways to Raise Bootstrap Capital

There are certainly hundreds or even thousands of clever techniques entrepreneurs and intrapreneurs are using to raise cheap/free capital, aka bootstrap capital. No list is ever going to be complete. But here is our summary of what people are doing these days to self-capitalize their new products/services/enterprises. If you would like to add to our [...]

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 [...]

Accretive Financing: Disney’s Deal to Buy the Ducks

How You can End up with More Cash on Hand after a Deal Than Before How the Disney Company Ended up Buying the Ducks from the National League for a Negative Amount of Cash I have been involved in more than 168 startups over the last 25 years—either as a principal or as an advisor. [...]

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 [...]

Main Sources of Capital for Startups

Is lack of access to capital really the main barrier to entry for most entrepreneurs? I believe that a stated lack of access to capital by many would-be entrepreneurs is more of an excuse than anything else. There is lots of funding around for passionate entrepreneurs who can execute on a good biz model. Here [...]