Author: thecodefactory

Team Building – Introduction

The three layers of the startup hierarchy of problems are: Customers, Time and Team. The 3 Big Challenges starting out and turning a new idea into a going concern based are arguably Customers, Time and Team. You can think of these challenges as a layer cake or problems where you need to solve each one before moving to the layer above and getting to high growth mode. Starting out getting customers is a key challenge – no customers, no money, no business. The problems become more difficult as you move up the hierarchy of startup problems. Solving the time...

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Success Stories and Graduation

How We Define Success There are many definitions of success, but we thought this saying strikes very true for start-up companies: “Survival is no measure of success, but it’s better than the alternative.” So that then begs the question, what is success for a start-up? We like to think that it’s as simple as one thing: sustainable growth. Typically, that means adding team members, growing revenue and being cash flow positive. There’s a great post on being cash flow positive by Joel Gascoigne over at Buffer that I recommend checking out. There are a lot of start-ups bootstrapping their...

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Drupal 8 Training: September 12 – 16

Are you thinking of using Drupal for your next web development project? Evolving Web is excited to be offering a full week of Drupal 8 training at TheCodeFactory in downtown Ottawa the week of September 12th. Get up to speed on best practices for Drupal 8 site building, theming, and module development. With a small class size, you’ll get the one-on-one guidance you need to get your project started on the right foot.This class is very hands-on. You’ll come away with experience creating and customizing a Drupal site and the tools to expand your Drupal knowledge. You can register for...

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The Lemonade Stand

What’s Wrong With Making Money? It’s a simple question, really. Is there something inherently wrong with making money? The answer is most definitively no. Unfortunately, making money is often confused with greed and the two are quite distinct from one another. The real truth behind making money is that you consider a good or service to be worth something in exchange. If something is valuable to you, you pay for it. Life Lessons With that in mind, teaching children business fundamentals should be something celebrated in Canada. Hard work and business knowhow are extraordinarily important skills to possess. So...

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What you need to know about the 2016 Startup Canada Awards

Recognize Outstanding Achievements in Canadian Entrepreneurship! ​Startup Canada is now accepting nominations for the 2016 Startup Canada Awards.  Help us put the national spotlight on the individuals and organizations that are driving impact! If you or someone you know is making Canada a better place to start and grow a business, whether it be through their support and promotion of entrepreneurship, or through their leadership as game-changing entrepreneurs, nominate them for the Startup Canada Awards! Past recipients of the Startup Canada Awards include the Hon. Paul Martin, founder of the Capital for Aboriginal Prosperity and Entrepreneurship (CAPE) Fund, menswear...

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Students and Startups – Calling All Startups!

It’s getting to be that time of year again, the snow is melting and students are soon to be wrapping up for the year. It’s the perfect time for Students and Startups, an event designed to match startups with qualified students who are looking for meaningful work. So, what kind of startup companies are we looking for? One-room startups, so 1 – 9 employees. Looking to hire marketing, sales, business development or customer support roles. Looking to hire within the next 3 months. Looking to hire on a contract, full time or part time basis. Does this sound like your company or...

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The Internet and Infinite Choice for Customers

The internet has offered companies increasingly easy access to market, and infinite choice to customers. Just about anyone can develop a product/service and sell successfully online through digital channels. The problem for companies is getting your customers’ attention in an increasingly noisy market place.  Entertainment is a great example of infinite choice for customers – anyone can make a digital recording and put their production up for sale online. ​ The Tyranny of Choice Friends of mine have begun working on developing a film production company here in Ottawa, and as they’ve begun to create content the discussion of monetization has come up. It’s fun to dream big, in this case the prospect of making feature films, but a very specific niche...

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The Entrepreneurship Series

On November 12, 2009, the first O’Reilly Ignite Ottawa speed presentations were held at the Velvet Room in the Byward Market and I was fortunate to be one of the presenters.  My presentation was made fully in the middle of those two years of darkness when you start a business. The presentation was turned into a series of blog posts … so deep from the vaults of TheCodeFactory blog “The Road Less Travelled” is “The Ugly, The Bad, the Good and the Great of Entrepreneurship”. This is the overall summary of the presentation I gave at O’Reilly Ignite Ottawa. The series was quite a lot of fun to write and draws on my experiences and those of other entrepreneurs I have meet along the road less travelled. ​I have likened starting a business to going into a dark tunnel that slopes down. When you first start the journey all you see is the pitch blackness at the bottom of the tunnel. Eventually after lots of hard work when you are just about ready to give up you reach that low point at the apex of the bottom. Looking up you see there is light at the other side of the tunnel. On that note, let’s begin the Entrepreneurship series. 1. Entrepreneurship 2. The Ugly 3. The Bad 4. The Good 5. The Great In Conclusion...

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