This past week we submitted our Business Plan outline for Round 2 of the BCIC New Ventures Competition. I’ve put together a lot of plans over the years, but everyone is different and each has its unique challenges.
Through my Consulting Business, I get to talk with a lot of people that have an idea for a product or service. Almost all of them have a very narrow view of what’s actually involved. This can be a very dangerous place to be in. Not understanding the scope of what you need to do can end up costing you a lot of money. I know of more than a few people and small businesses that spent tens, in some cases hundreds of thousands of dollars Continue reading The Business Plan
A strong Value Proposition is the driving force behind any successful business venture. The Business Model Canvas helps focus on the Value Proposition not the product or service.
Last week at the BCIC New Ventures Competition seminar I learned about developing a Business Canvas Model. The term wasn’t entirely new to me; however, it was no more than a single page template and a name. The Business Canvas Model forms part of the write up for the Round 2 Submission in the contest. As I’ve been working through this I’ve come to realize just how powerful a tool it is. Continue reading Value Proposition & The Business Model Canvas
I’m often asked “Should I get a patent?”
My response is always “That depends.”
I attended a great seminar as part of BCIC’s New Ventures Competition a few weeks back. Although I learned some new information and filled in a number of week spots in my understanding, It didn’t change my basic opinion. So why do I say “It depends”?
There are a number of factors to consider in making this decision, but before we look at these, let’s Continue reading To Patent or not To Patent?
My Electronics Technology Background:
As I often say, I’ve been making things since I was this high. As a kid, I’d make toys out of wood, nails, string, anything I could find in my dad’s scrap pile or around the workshop. As a young teenager I took all the shop courses at school, wood, metal, plastic, and fell in love with electronics technology. Most of the jobs I’ve held have had something to do with making things. Continue reading Electronics Technology – Our Blog: