Author Archives: Irena Kagansky

Some Great Tips from the Wizof.Biz Dragons’ Den Event

tips

5 Tips to Get Your Pitch on Dragons’ Den CBC’s

Matt Faulknor in conversation with Deborah Aarts

  1. Go easy on gimmicks: Bells & whistles won’t get you past the audition unless there’s a truly solid and interesting idea at root.
  2. Do your homework: Faulkner is amazed at how often would-be pitchers fail to do even the most basic due diligence.
  3. “A good background story makes for great TV,” says Faulkner. “It ’s my job to find those stories.”
  4. Prove that you really need help: “We’re looking for businesses that actually need the smart money the Dragons can offer.”
  5. Keep your cool: Know your numbers, demonstrate passion, &
  6. be able to competently & compellingly pitch under pressure.
  7. Read the whole article: http://tinyurl.com/MattsTips

What To Do Once You Get The Chance To Be On The Den

Detailed video at http://wizof.biz/DDtips

  1. Done well, it ’s good publicity even if you don’t get funded.
  2. Dragons’ Den is mainly about entertainment.
  3. Be a sage on the stage: Know your market & answer wisely.
  4. Stay on message even if interrupted. Answer any questions, and then get back to your presentation.
  5. Don’t contradict the Dragons or your team mates.
  6. Engage in dialog: You’ll lose if you try to debate the Dragons.
  7. Have an example or prop to illustrate your product or service.
  8. Dress appropriately to your market: business, fun, casual…
  9. Prepare a script with important points first. You may only have 15-30 seconds before you’re interrupted by the Dragons.
  10. Rehearse and re-rehearse your script so you don’t get lost in interruptions. However, always answer Dragons’ questions first.
  11. Have Devil’s Advocates acting as a stand-ins for the Dragons during your rehearsals, trying to throw you off base.Reply to all questions with humour, facts and figures.
  12. Have back-up people on your team to step in with detailed knowledge on specific topics, or if one presenter is stumbling.
  13. Know when to seek outside opinions & advice, to get beyond the frame of reference of your friends, relatives & associates.

 

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Tips to Avoid Burnout

Burnout - tired at workOne article that recently caught my eye, is from the The Globe & Mail, entitled “Ten Ways To Avoid Burnout At Work”, by Harvey Schachter. This piece intrigued me in part, because it tells the story of a young enterpreneur, Andrew Dumont, who at the age of 18 left school to launch his startup Tatango.com.

Andrew shares with us his own experience with burnout. He further explains that it is something that we all experience but are often unable to spot.“Ten Ways To Avoid Burnout At Work”, shows you how to recognize the first signs of burnout, followed by ten simple ways to avoid it at work. These tips will help keep you at the top of your game, while not forgetting to come out and play.

For another ten tips, check out “10 Surefire Ways to Avoid Burnout” by Bruna Martinuzzi on OpenForum.com.  It’s the same theme and another great set of advice for all the entrepreneurs out there who are feeling overwhelmed.

You can also visit Andrew’s blog Always On, his twitter at @AndrewDumont or check out the WizOf.Biz blog for great advice posts like this one.

Creative Commons Licensed Image

 

 

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Finally, a real business perk for after work…

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“Business Wisdom – Beyond Dragon’s Den”

presented by WizOf.Biz and sponsored by KPMG Enterprise

“…It’s one thing to read about Dragons and another to meet them.
                                               -Ursula K. Le Guin, a Wizard Of Earthsea.

On July 24, 2013, KPMG Enterprise and WizOf.Biz have come together to create unique afterwork perks!  We would like you to join us for what will be the first in a series of Afterworkshop events. In running this interactive business series we are providing SMEs and entrepreneurs like yours, to have the opportunity to learn from alumni of Dragon’s Den and  KPMG Enterprise seasoned professionals in a lively, interactive and open environment. A dynamic question and answer period will give you the chance to interact directly with some of Canada’s best and brightest entrepreneurial minds. You will learn directly what it’s like to be on Dragon’s Den and walk away with some practical tools needed to succeed on the show and beyond.

This Afterworkshop series will give you an opportunity to network with like-minded business professionals and provide you with information you can use to help advance your enterprise. You will also have a chance to take part in a series of applied learning labs as well as share best practices in a dynamic and relaxed manner. The event will feature keynote speakers, expert panels and of course plenty of opportunity to mingle.

The discussion topics at the inaugural Afterworkshop event will focus on best practices sharing from CBC’s Dragon’s Den Finalists who have taken their learnings from the Den and gone on to make their entrepreneurial dreams come true. Learn from some of the county’s most engaging and inspiring entrepreneurs. Take away great tools and advice that can help you succeed on Dragon’s Den.

You will be a part of an interactive forum featuring 2-3 interviewers, (combination of KPMG Enterprise professionals and WizOf.Biz mentors) posing a series of qustions to Dragon’s Den Finaliists who are thriving after surviving their experience with the Dragons. There will also be at least one surprise guest appearance and a chance to win one of ten copies of the book That’ll Never Work by KPMG Enterprise.

At the very least, we promise you good food and a glass of wine after a busy day at work.

Join KPMG’s Senior Manager Ana Chan and WizOf.Biz CEO Reg Charney along with their respective teams of mentors, supporters and professionals, for a business networking event you won’t soon forget!

Event Details:

When: Monday July 24, 2013 5:30-8:30pm

Where: KPMG LLP (Canada) 
333 Bay Street, Suite 4600 
Bay Adelaide Centre 
Toronto, Ontario 

Space is limited so register early via Eventbrite for free.. The panel discussion will also appear on YouTube on the WizOf.Biz channel.

See you there,
The WizOf.Biz team.

 

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Institutional Knowledge Preservation in the Future

Bina48

What if there was a way to take all of your personal characteristics and experiences and preserve them? How about a way of preserving institutional knowledge and passing it down generations?

Well, you can. Take for example entrepreneur Dr. Martine Rothblatt who had commissioned a project, run by roboticists Dr. David Hanson entitled Bina48, which would allow for all of her husband’s characteristics to be preserved in an android.  

A Financial Post article by Dan Ovsey, on the Future Face Of Institutional Knowledge Preservation confirms, that when technology tycoon Bruce Duncan, and the Executive Director of the Terasem Movement Foundation and supervisor of the LifeNaut Project Dr. David Hanson get together, anything is possible.

The LifeNaut project, allows people who wish to have their knowledge and experiences preserved in alternative forms such as avatars, androids and clones, to do just that. This, many argue, is the future of knowledge preservation and a way to hold on to our human experiences. A three-day conference recently held in Toronto such as Ideacity, served as the perfect opportunity for Duncan to introduce Bina48 to its participants.

The passage of information within an organization and through generations is vitally important.  It is what allows the continuation of a business and an continuity required to ensure trust and success.  Technologies such as Bina48 are going to revolutionize business and enable exciting new businesses and new ways to grow on our existing knowledge.

I invite you to read the full interview and their discussion on the future of Bina48. You can also check out the WizOf.Biz blog for more exciting posts.

Image courtesy https://www.lifenaut.com/bina48/

 

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That’ll Never Work

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The book That’ll Never Work: Business Lessons From Successful Canadian Entrepreneurs was recently commissioned by the KPMG, and should be read by anyone who has ever dreamed of starting their own business.  

This is a funny and compelling collection of stories told by nineteen Canadian entrepreneurs who have become successful despite the odds. Its an incredibly insightful and honest retelling of their challenges and the desire to achieve their goals despite being told “That’ll never work”.  It’s a powerful lesson on overcoming adversity and winning the race. The book is a careful look at the importance of recognizing that being an entrepreneur often means being able to forge one’s own path to success.

The practical tips and advice contained in this book, are meant to give innovative business men and women, the tools they will need to help them move forward and ignore the naysayers.

Take a look at this video presented by Ray Mills, Co-Founder of KUDU Industries, who talks about “That’ll Never Work”.

For a chance to win your copy of “That’ll Never Work” join us at the inaugural Afterworkshop business networking series. This is a chance to hear firsthand from a panel of CBC’s Dragon’s Den Finalist; their challenges and successes. This WizOf.Biz event, sponsored by KPMG Enterprises, will take place on Monday July 24, 2013 at 333 Bay Street, Suite 4600 @ Bay and Adelaide Centre in Toronto.

Please stay tuned for registration details.

We look forward to seeing you soon,

The WizOf.BizTeam

Photo Credit: Kate Ter Haar, Creative Commons

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Vision Versus Mission Statement: Put An End To the Mystery

iStock_000016325121_SmallIt’s true; even the most seasoned businessmen and women often find themselves baffled by the question: “What is it that distinguishes a Vision statement from a Mission statement?” In today’s post I’m going to put an end to the mystery.

Both of these documents provide basic guidelines for business success. They are your compass when it comes to strategic planning. A clearly written Vision and Mission statement will go a long way in helping you determine what’s next.

So What Is A Vision Statement? A vision statement should outline the personal values that compelled you to start your business. Clearly explain why your idea matters to you and how it is beneficial to others. The goal is to show how your business, directly or indirectly represents you as both an individual and entrepreneur. Highlight the need you are working to fill and establish an emotional connection with your target market.

Describe where you see yourself down the road. People want to know why your business exists.Provide the big picture scenario, your purpose and motivation. A vision statement is also likely to give you a better idea of what it is you are working towards.Talk about what you aspire to.Make your purpose memorable, achievable and realistic.

Decide what you stand for and what you envision as your future. Demonstrate in fair detail how you plan to achieve your goals. It’s important to highlight the evidence that supports your arguments.

Ok, What Is A Mission Statement? Now that you have the big picture, its time to hone in on the practical how-tos. Your Mission statement is about breaking things down into manageable chunks of information that will drive results.The objective here, is to come up with a series of specific goals that will help you get to where you want to go. Once you’ve outlined the how, its time to move on to the what. Focus on the key operational strategies of your organization. For instance groups that might have invested interest in your business, targeted professional connections and potential outreach opportunities. Your mission statement must reflect your vision at all times. Your challenge is to continue to reinvent and adjust the image of the organization to respond to the needs of your clients.

 For more useful tips on what makes a good Vision or Mission statement check out this video below by Bruce D. Johnson or visit the WizOf.Biz site for more interesting posts.  

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Amazon CEO Jeff Bezos: Success Tips For Business Executives

When Jeff Bezos discusses what makes him successful, business people everywhere should pay attention.  As founder and CEO of Amazon.com, business advice from Jeff is invaluable.  In case you didn’t know, Amazon.com sells a wide number of books, products and accessories to happy clients. Despite feedback from skeptics and publishers, Bezos went on to introduce a whole host of innovative technologies which opened up opportunities for other internet based businesses.

The Five-Time Tested Success Tips From Amazon Founder Jeff Bezos is a fantastic article by The Globe & Mail in which this brilliant business innovator gives entrepreneurial executives his top five tips for business success.  

One of the things in this article that resonates with me the most is the idea that the type of corporate culture you introduce into your business can drastically impact the end results. Making sure that you hire the best minds in the business is crucial. People on your team who know how to be both stubborn and flexible in their decisions, will be the ones better able to add to and enrich your business vision.

Don’t forget to visit the WizOf.Biz blog for more expert business advice, helpful websites for entrepreneurs and more articles like the one shown in this post.

 

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Business Advice via Paul Tobey

Paul-TobeyPaul Toby is an internationally known expert in online marketing and helps thousands of people every year build success for their businesses.  He provides business advice through his seminars, books, videos and websites.  I was lucky enough to attend one of his seminars here in Toronto.   Some of the best business advice he gave was:

Never Take Advice from People in the Same Category: Don’t take business advice from people who claim to know what you need but may not have the level of experience you’re looking for. They may have good intentions but offer no practical solution. Connect to people who have a proven track record of success.

Using Keywords: Focus on keywords for your site which have a lot of searches and low competition. Google provides online tools to help you discover the best keywords.  Then use these keywords in your sites title, on its content pages and in its headlines.  Work to get the links going to your site to related to these keywords.

The Money’s in the List: Create email lists that offers potential clients something of value. Provide free content that they can use to help them in their business. This will establish trust and credibility as well as give you contact information you can use to offer new products and services. One useful tool, InFusionSoft, is a great autoresponder system that will tell you your client conversion rate and collect other helpful data.

Become a Great Leader: Leadership skills are important when it comes to business. Great leaders are also effective speakers. Don’t bombard your audience with too much information, instead give them context. Your focus should be your knowledge, experience and expertise. Constantly think of ways to inspire, engage and motivate your audience.

Engage with People: Don’t sell. Most of us don’t like being sold to. Instead focus on value added. Your job is to make people feel something. People shop based on emotion because it makes them feel something or due to the fear of missing out. So engage in conversation, make connections and the money will follow.

Hypnotic Copywriting: This type of writing is about hooking peoples attention. Your writing needs to draw them in quickly. Your headlines need to be prominent on your page and evoke curiosity. People are visual creatures, so paint a picture using metaphor; use something that is familiar to people to describe something that is not.

Let People Know They Have a Problem: Create a need by making people think they have a problem. If they don’t believe that your product or service will offer a solution they will not buy. They need to feel like what you’re offering is the ultimate path to happiness. If you offer a solution repeatedly they will talk about your product or service.

3 Reasons Why: Offer people three reasons why you are the one they should buy from. Tell them exactly what it is that makes you stand out from the competition. Highlight your experience and knowledge. Explain why you’re the best at what you do including your lifestyle, belief system and people in your circle of influence.

Help Others Help Yourself: Quite simply, helping yourself is about helping others first. Think of others who want what you want and help them get ahead. This will help you generate positive results and built trust.

Paul Tobey is not only an engaging speaker he is also an insightful business strategist who can help you increase your potential and establish a deeper commitment to business success. I encourage you to visit his website: trainingbusinesspros.com for more information on seminars and courses you can take to help you reach your business goals. For more business advice, and personalized services, visit Wizof.Biz.

 
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Nine Websites For Businesses and Entrepreneurs

Website ConstructionAny successful business owner and entrepreneur should know, that innovation and forward thinking must become an integral part of their daily planning. Building reliable networks is not an easy task, particularly for those who are starting out and are looking for expert advice. The internet is an incredible source for people, including young professionals and entrepreneurs to quickly find the answers they’re looking for.

This is the first in a series of posts where I am going to point you to a list of websites and resources that might help you implement your vision.

1) visionary.is is an online member matching service that acts as an intermediary for business executives, inverstors and entrepreneurs. It is made up of a diverse group of men and women, who are experts in their field. Once you sign up, you will be introduced to people who are genuinely interested in what you do. It also helps generate a list of one-hundred potential business relationships to engage with you. It also provides workshops, strategies and progress reports that assist in tracking your successes.

2) Another great resource is Rapport. This is a marketing organization that works with you to learn what sets your business apart from the competition. After finding out your unique selling point, they help you develop and implement a marketing plan that best suits your audience and business objectives. Their creative communications solutions helps you improve what you have by offering new perspectives.

3) 360 Degrees Of Inspiration offers participants a chance to be part of a series of discussion forums and events that take a look at the deeper issues that affect businesses in today’s competitive environment. This is a chance to hear from a panel of experts and share with peers. These events are geared towards CEOs, Executives and Enterpreneurs. Their next conference, Culture Eats Strategy For Breakfast takes place on September 24, 2013.

4) X Design ia a unique organization that works with business companies to design innovative, sustainable and user-friendly work spaces that help motivate, inspire and optimize productivity. The firm develops architecturally responsive workspaces that best suit your business needs The team is driven by their belief that designing comfortable, economical spaces is a collaborative endeavor that should serve to support its users.

5) Good Experience is a creative project based platform that assist businesses to improve client experience. They do so, by offering businesses a wide range innovative consulting services, resources, organizational tools and events. Mark Hurst is the founder of Creative Good. Since its start in 1997, it has worked with over 500 high profile businesses and startups with the focus on enhancing the client experience.

6) User Testing is a great service that offers businesses a chance to test their website, app or prototype for usability, accessibility and effectiveness. The process is quite simple. You create your testing criteria by specifying your target market, device and operating system, and finally the questions users should answer. Professional testers then, capture the client online experience by using high resolution cameras. Submit your test and you’ll be matched with real people who will do the work for you.

7) Mentor City. If you need meaningful business advice and guidance, matches you up with a mentor who can help point you in the right direction. This is also a chance for you to put forth your expertise and experience with others who share your aspirations and entrepreneurial spirit. You can connect to knowledgeable people who seek to inspire, discuss goals, identify existing resources and more.

8) Creative Group is an incredible one-stop shop resource for companies who are actively looking for creative talent. Businesses searching for a particular skill set including graphic design, writing, multi-media and marketing are invited to browse through a large collection of professional creative portfolios to help provide clients with the services they seek. They provide an in-depth, personalized project needs assessment and guarantee full satisfaction.

9) Canadian Youth Business Foundation. This organization provides young enterpreneurs between the ages of 18-39 who have a unique business idea, the opportunity for funding and implementation. The foundation provides planning and coaching services with access to a network of community partners and entrepreneurs-in-residence. There are also mentoring options and online business resources. They are dedicated to helping young entrepreneurs become successful contributors to our economy.

I am sure, these resources will help you navigate your way to business success. This post includes a variety of creative links to help address your entrepreneurial needs. Use them wisely and don’t forget to visit us at WizOf.Biz for more qualified business advice. We are always happy to hear from you. So don’t be shy, ask questions, browse our site and post your comments on our blog.

Image Creative Commons curtesy Jayel Aheram

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