By Bruce M Firestone, B Eng (Civil), M Eng-Sci, PhD Abstract The Business Model is supplanting the Business Plan in many organizations. It not only describes the complete business ecosystem, it is a mechanism to discover profitable new relationships amongst stakeholder groups. The Business Model is more resilient than a plan and harder for competitors [...]
Film by prototypeD.org, Directed by Janak Alford My name is Janak Alford. I am an Architect, a hacker, an artist and a filmmaker. I run not-for-profit, Ottawa-based, underground film studio, prototypeD.org. About eight months ago and after reading an early version of his manuscript, I was captivated by the world of Quantum Entity created by [...]
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 [...]
At TIFF (Toronto International Film Festival) 2011, U2′s Bono made an offhand, almost throwaway comment that stopped me in my tracks. He said something like this: ‘The difference between good, maybe even very good art and great art is HUGE.‘ Entrepreneurs, intrapreneurs and artpreneurs would do well to keep this in mind. Steve Jobs was [...]
(Portions of this article originally appeared in Ottawa Business Journal, March 5, 2012: http://www.obj.ca/Opinion/Bruce-Firestone-5444.) Rob Hall was into the Internet before there was one. In high school in the 1980s, he dabbled in web technology and was ready for the Internet revolution circa the early 1990s. I met him when he was a young man [...]
I recently had a chance to ask one of the founders of Toronto-based vegan ‘fast food’ restaurant The Hogtown Vegan (http://www.facebook.com/TheHogtownVegan), Madeleine Foote, six questions about her startup. There are some terrific entrepreneurial lessons here—like KISS (Keep It Simple), be authentic, have a sense of humour about yourself, deliver a lot of value to customers, [...]
(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 [...]
(Curating Sweden: http://www.eqjournal.org/?p=2995) (Profession to Watch for in the 21st Century: Curator: http://www.eqjournal.org/?p=487) The proliferation of information in the last Century and this one is beyond belief. In 2008 alone, 487 million gigabytes were added to the collection of digital information world-wide according to an IDC study: As the Economy Contracts, the Digital Universe Expands, [...]
Professor Carlisle Adams at the University of Ottawa’s Faculty of Engineering challenged me to train his second year class on how they can build world class enterprises in a tough competitive world and then sustain them. In an hour and a half no less. Case studies I use include: Rick Hunter’s Mont Cascade and Pro [...]
Are we losing the skills of the greatest generation ever? Recently I had the chance to interview Len Anderson, young dynamic founder and CEO of Ottawa-based Renaissance Repair and Supply (http://www.renrns.com). You can hear his interview on the FirestoneClarkReport.org (http://www.blogtalkradio.com/firestoneclarkreport/2012/01/25/len-anderson–ceo-renaissance-repair-supply). Len bootstrapped this business to $10m per year in sales in three years starting with [...]
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 [...]
Also: how the addition of a GIS layer to Amazon’s Price Check turns it into a bookstore-killer app. In Wal-Mart’s HQ in Bentonville, Arkansas there are signs that say: ‘You can’t out-Amazon, Amazon’ and if Wal-Mart can’t do it, you and I probably can’t either. Amazon’s incredible inventory of products and services, its unmatched delivery [...]