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 [...]

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 [...]

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 [...]

Grasshoppers, Squirrels and Ants in Grassel

Occupy Grassel Movement Picking up Steam/Government Planning Action The majority of the population of Grassel is made up of Grasshoppers, Squirrels and Ants. Mensa Ants account for 1% of the population. These are the groups that populate the World of Grassel, viz: Grassel World, 100 Rows x 100 Columns 1. Grasshoppers are low wage earners [...]

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 [...]

iPhone Yields at least 288% p.a. Return to Apple

Advanced Spreadsheet Use—For Product Managers There is probably no invention more helpful to the product manager today than the spreadsheet. It probably deserves to rank up there in importance with what the invention of double entry bookkeeping meant to the accounting profession. Use of spreadsheets does not substitute for human judgment—rather it is an aid [...]

Commercial Rents

Commercial Leasing is Trickier than Residential Commercial rents in Ontario are more difficult to understand and calculate than residential rents. Residential rents are pretty basic: typically, the Tenant pays monthly rent in advance. There is no HST (Harmonized Sales Tax) on residential rents so if your apartment rent, say, is $1,000 monthly, that is what [...]

Fear of Loss/Desire for Gain

Fear of Loss Is MUCH Stronger than Desire for Gain People Often Make Irrational Decisions Recently, we asked a Landlord, a well-to-do Civil Servant who has extensive residential real estate holdings, if he would accept a can’t-miss deal; he surprised us by turning it down. Here is the deal we put to him on behalf [...]

People Who Think They can be Entrepreneurs

Recently, I worked with a couple of guys who had in front of them, in my view, a great opportunity to buy a small food company, all they needed to do to finalize the deal was sign one last piece of paper. But when they ‘found out’ that it wasn’t a ‘sure thing’, they balked. [...]