Startups Are A Risky Business

Risk is the potential of losing something of value. Values (such as physical health, social status, emotional well being or financial wealth) can be gained or lost when taking risk resulting from a given action, activity and/or inaction, foreseen or unforeseen. Risk can also be defined as the intentional interaction with uncertainty. Uncertainty is a potential, unpredictable, unmeasurable and uncontrollable outcome, risk is a consequence of action taken in spite of uncertainty.

Continue reading “Startups Are A Risky Business”

0

Startup Weekend

Startup Weekend is a global challenge that takes place in cities all over the world – where entrepreneurs come together and turn an idea into reality within 54 hours.

This documentary short film follows the journey of two competing teams in Startup Weekend Toronto and explores what it means to start your own business.

Continue reading “Startup Weekend”

0

Dashboard.io Startup Metrics for Pirates WordPress Plugin

I’ve been working with a good friend and colleague, Paul Singh, Founder of Dashboard.io to beta test his new analytics tracking solution for startups/founders/investors which is based on the metrics standard AARRR from Dave McClure, Founder of 500startups and the guy behind Startup Metrics for Pirates. Dashboard.io allows startups to see how they rank against other startups while investors benefit from it the same way.

I threw together this blog post and WordPress plugin based on Dashboard.io tracking integration and AARRR standard to save time on applying the code on wordpress sites and to eventually make the plugin seemlessly integrate for all stages of the conversion funnel proposed by AARRR.

So far Dashboard.io is working well for me on my sites like Music.com and is helping people understand relevant metrics and conversion goals for their websites.

If you’d like to fork this plugin or download it for now I just have it on github. I’ll publish to WordPress.org CODEX if there’s demand for it.

I welcome feedback and kudos to Paul Singh for releasing this analytics app.

0

5 annoying habits of startup entrepreneurs

Having started 2 startups in the last 3 years, I’ve come to benefit greatly from understanding and reading material from the venture capital realm. Even with the most brilliant of ideas to launch a new venture, no amount of planning or selling will overcome the habits that some entrepreneurs inadvertantly do in their projects. The habits in question pertain to keeping morale up in the arduous times of stress and tension that come with bootstrapping and even with seed-funded startups. The key is not to stress and ensure you can take small steps and small wins instead of looking too far ahead. For nearly everything in life it’s a good idea to consider the value of all your actions, decisions and habits and reconsider them to improve your yourself to both survive and prosper.

Enterpreneurs are faced with potentially monumental hurdles in their way such as overcoming threats from competitors and keeping the ‘bloat afloat’ when it comes to capital and operational stability. Many times startups have ended up failing within a few years due to any number of reasons. These are big risks we take as entrepreneurs, and we can’t just ignore the climate in the office or people’s morale.

An recent article on CNN Money talks about particular habit that I just recently overcame due to a suggestion from my good friend @paullyvenne. Paully hinted to me that I had an unknowing habit of saying ‘no’ in many of my responses to people’s statements, even if I was agreeing with them! I did not believe him at first, but then I noticed it.

From that point on I recognized it and did my best to avoid this habit. I suggest you read this article in case you’re worried that you have these habits. They really apply to anyone, not just for leaders or entrepreneurs.

0