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Tag Archives: how to build a startup business

Smart Goals for Business Startups

Team clarity and focus is important for existing businesses and startups. If you feel your business is lacking direction, it’s time to assess, clarify and communicate the vision and future of your business. A few months ago, I felt our team was struggling. We had two new team members, and although there was lots of activity, we weren’t ve... Continue reading

The Coolest Cooler – Innovation at its Best

Borrowing innovation is easier than inventing from scratch! Think you have to start your invention from scratch? Why not combine existing innovations? Here’s two examples of incredible innovations over 100 years apart: Henry Ford (1908) and the Coolest Cooler (2013) Henry Ford actually borrowed three existing innovations for his assembl... Continue reading

The Workshop That Will Make Your Life Easier

In continuation of our commitment to serving you better, we at TBT have been getting out of the building and listening to what you have to say. And boy do you have lots to say. In particular, a number of you have been very vocal about having a business idea, but not knowing what to do next. There are a number of different ways you could deal wit... Continue reading

Vulnerability is a Strength in a Startup Business

I hope you consider vulnerability a strength. Being vulnerable saves you money and time in a startup – lots of it! Most startups start as an 'isolated belief' inside the founder’s head. Founders can incubate on their ideas inside for years. But if you want to eventually have a customer pay you for your valuable idea, you must expose it – an... Continue reading

Startup Business Plan vs Business Model Canvas

Supporters of the Business Model Canvas (BMC) seem to have a tendency to quickly throw the idea of a business plan under a bus. But I don’t think it’s correct to think of the BMC and a business plan as opponents. Filling out your business model canvas involves going through the different sections and developing your hypotheses, or best guess... Continue reading

The Two Biggest Mistakes in a Business Startup

There is now sufficient research, reports and understanding of the startup ecosystem, and it’s safe to conclude a startup business is very different from a successful, established business. But since a lot of the world has not caught on to the radical differences, startups that try and act like established businesses tend to make two big mista... Continue reading

7 Secrets of Entrepreneurial Success

Rick Spence is a Toronto-based business writer, consultant and speaker. Rick was kind enough to permit me to share his 7 secrets of success with you: 1)      Don’t try it alone – Look for a partner with complementary skills to yourself. Rick gave good examples in Microsoft, RIM and Apple of very successful partnerships. 2)      ... Continue reading

Aligning Business Goals – Find Your Why

If you haven’t seen Simon Sinek’s video on ‘How great leaders inspire action’, it is worth the 18 minutes. People don’t buy WHAT you do, they buy WHY you do it. Recently I attended a graduation for a University Business School class with a seasoned and successful business owner. I took the opportunity to ask him this question, “If you... Continue reading

How to Hire Employees – 3 Tips

As a small business owner, do you have employee issues? Do you have a recruitment strategy? Employee issues tend be quite painful at times. When we start digging down to find the root of the problems, it often goes right back to the hiring process – or lack of a hiring process. Investing a little more effort at the beginning of the hir... Continue reading

How to be an Entrepreneur

So you want to be an entrepreneur? Before we figure out the 'How', we need clarity on the 'Why'. One of the ingredients for entrepreneurial success is knowing the passion for what you do. How #1 – Align your business plan with your 'Why' so you can be passionate. Make sure and communicate your 'Why' to the marketplace. For example, my ow... Continue reading