Social Enterprise MusingsTips, thoughts and theories for entrepreneurs who want to change the world
Last year I discovered podcasts (OK, I knew about ‘podcasts’ for a long time, but I hadn’t paid any particular attention to them or to podcasts for entrepreneurs) and my mind was blown wide open.
There is an incredible wealth of amazing information available in the podcast universe, with some of the most successful entrepreneurs in the world sharing their knowledge and wisdom freely with the world.read more
In my work as a consultant to entrepreneurs, the issue of startup funding and capital always comes up. I’ve yet to work with an entrepreneur who says ‘I’ve got all the money I need.’ I often refer them to a few of my favourite funding sources and let them take it from there.
I decided to take it a step further and have put together a pretty comprehensive list of funding options for startups, mostly in Canada and the USA.read more
I recently read one of the most powerful blog posts I’ve read in a long time, a post about renowned entrepreneur Elon Musk and the ‘secret sauce’ that allows him to accomplish the seemingly impossible.
In the post I saw a lot of parallels to my work. When I’m not running my adventure travel company, I also mentor and consult with startup entrepreneurs to help them get their entrepreneurial ideas off the ground. Although they turn to me for advice, tips and tools, usually what’s really holding them back isn’t a lack of knowledge or knowhow, it’s something else entirely…read more
We live in a golden age of entrepreneurship. Now, more than ever before, it’s easier to start a business, and easier than ever to scale that business to stratospheric heights.
Witness Uber. The darling of Silicon Valley (if not the media or the taxi industry) is just 6 years old yet has managed to achieve a market capitalization (the total value of its stock) of over $50 billion. That’s 50 billion dollars in just over 6 years. That’s higher than the market capitalization of GM, which was founded in 1908.
Another comparison? It took GM 30 years to reach a market cap of 1 billion. Uber? Just over 3.read more
At Sacred Rides, my adventure travel company, we use Lean Startup principles to guide our constant learning (although we’re far from a startup after 19 years in business, there are many elements of the Lean Startup rapid learning process that are applicable to any business).
Specifically, we’re heavily focused on learning and getting as deep an understanding as possible of our customers. We’ve done a great job of that through extensive surveying, including:
A short post-signup survey (about 12% of our customers fill this out and give us great feedback and why they purchase)read more
If you want to succeed as an entrepreneur, one proven way to do so is to be smarter than your competition. And one surefire way to be smarter than the competition is to read more than they do.
When I decided to get serious about my company 8 years ago, I knew that my existing skill set and knowledge were inadequate to manage and grow my company to the level I wanted to get it to. The company was crawling along, barely profitable and barely growing.
On the verge of selling my business, I decided instead to go ‘all in’ and learn as much as I could about the world of entrepreneurship, andread more