Tuesday, January 31, 2012

New book on Entrepreneurship ---> HOT or NOT: How to Know if Your Business Idea Will Fly or Fail.

Ryerson Entrepreneurship professor, Sean Wise, has written a new book called "HOT or NOT: How to Know if Your Business Idea Will Fly or Fail" which helps readers evaluate the viability of their ideas. After all entrepreneurship is hard enough with a great idea, let alone a sub par idea.

Professor Sean Wise is the former online host and industry expert for Dragons' Den and knows exactly what the Dragons look for.

SIFE = Students In Free Enterprise exists in Calgary too, not just in Toronto.

I used to think that SIFE is an exclusively Ryersonian concept, until I discovered SIFE Calgary. Details: http://www.sife-calgary.com/


SIFE Calgary - Financial Literacy Video 2009 from SIFE Calgary on Vimeo.

Fresh perspective / New set of eyes are good for a project or organization

I am a great believer of having a fresh set of perspectives and having a new pair of eyes in any venture. The view that a new person has is very different from what a person who has adjusted to something has.

In the beginning, you can very easily identify the factors that you think should be changed. After a while, when you get acclamaztized, the urge to make changes is not there anymore.

Sometimes, there is resistance to change from gatekeepers of organizations or the people in change, who like status quo or who are the creators of the existing system and imagine that it is perfect. But if change is for the better, then, it is worth considering.

Golden Girl Finance - www.goldengirlfinance.ca/

From the link: http://www.goldengirlfinance.ca/

This seems like a useful website to learn about Personal Finance.


Here is a useful article written by them: http://ca.finance.yahoo.com/news/canadian-teens-overly-optimistic-future-161957108.html

Summary:

  • Canadian teens are overly optimistic about their future earning potential
  • Have a rosy outlook on their financial future
  • These expectations have nothing to do with reality.
  • Canadian youth expect to make big bucks upon graduation. Expect to earn $90,735 in 10 years. That's three times the average income of 25 to 29 year-olds with post-secondary degrees.
  •  So what's really going on here? Are our kids really that disconnected from financial reality? The answer appears to be a resounding yes!
  • Canadian youth assume that they're employable. Millennials seem to be rooted in arrogance. Youth feel that they are entitled to high paying jobs. The mentors, counsellors, and parents of these students are doing nothing but enabling this dysfunctional thinking and dangerous financial outlook. Simply put, our kids are clueless
  • Canadian youth appear to understand the importance of financial planning, they just lack the positive financial behaviours that will enable future success.
  • Kids are "talking the talk" but not "walking the walk"
  • The real world sucks… get used to it
  • Narcissism is not an employable trait

Good morning, time for a cup of coffee. What will you have today? Tims / Starbucks / McCafe / Coffee Time / Second Cup / Timothy's?

Some of the choices for coffee in Canada.

From the link: http://ca.shine.yahoo.com/think-mcdonalds-mccaf-coffee-170000644.html

Very useful resources at Ryerson MBA Women In Leadership (Resources that the men in the MBA program tend to neglect, perhaps :)

Just happened to land of this page and saw the impressive list of guest speakers! I had not paid attention before as this was something related to women that supposedly we men were not supposed to attend :) (This was just an assumption, and not something that was explicitly mentioned). It is just that we get so caught up in our assignments and work that we tend to neglect all the available resources in our own school!


Here is the link: http://www.ryersonmbasa.com/index.php?page=speaker-long-bios