A leaky hot tub, a startup, and a personal challenge.

Household maintenance has never been one of my strong points. I’m not the handiest guy in the world. I’m not that precise at cuts, joins, and glueing, and frankly, I’ve never really enjoyed it that much.  I do alright with electrical work – connecting wires and switches is pretty easy.  Plumbing is the job I try to avoid.  The consequences of poor plumbing are usually messy.

Tough economic times, however, have called upon us all to be more resourceful.  Over the weekend I spent a few hours tracking down and repairing leaks in our pool filter, rather than call for a repairman.  The pool was easy, though. The hot tub has become my personal plumbing “Alamo”. A top of the line Sundance Cameo, it was bought 13 years ago when we lived in Seattle.  We loved it so much that when we moved to Ottawa we brought it with us, whereupon it promptly developed a slow leak. Every week, the water level would fall an inch and a half.   The leak couldn’t be found, but no matter – the simple solution was to top up the water once a week.

A couple of winters ago, I forgot.  In the middle of January, the water level fell below the pump intake, which meant that it stopped circulating, and therefore stopped heating.  The tub froze.  A freeze is catastrophic for a hot tub – it means cracked pipes, broken pumps, and more.  Freeze damage can be repaired, however, if the leak can be found and the piping replaced. So last summer, we decided to do this.

Repairing a hot tub is a bit like building a startup.  You know what the end goal is, but it takes a lot of steps to get there, and sometimes some significant back tracking.  The process is to fill the tub, look for leaks, empty the tub, repair the leaks you’ve found, fill it again and look for more leaks.  Just like building a new product – build, release, collect feedback, evaluate, build, and release again.  Or as they say in shampoo commercials — lather, rinse, repeat.

The job didn’t get completed last year. It looked like it was almost done.  The tub held water to just about 6 or 8 inches below the top. However, critical parts were slow to arrive from Sundance in California, and we were forced to winterize the spa.  In spring, we discovered new leaks. The spa didn’t hold any water, which was a huge backtrack from the fall.  Worse, the leaks were under the spa, requiring that it be turned on edge, and the foam insulation removed in order to find the problems.

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So why go to the effort?  Part of it is simply because I’m bloody minded and this thing isn’t going to beat me.  It’s the personal symbolism – if I give up on the hot tub in these economic times, what else am I willing to give up on? And part of it’s the opportunity to become better at the job I hate the most around the house, plumbing.

In many ways, that’s the opportunity for all businesses and individuals in this economy.  Become more resourceful, learn to do more with less, be creative and succeed in spite of what’s going on around you.  Don’t give up.  And startups — if you can prosper now, you can do well in any economy.

I think I’ll try kitchen cabinets next. 

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2009-06-09 8:11 am | 2 Comments »

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Making Lemons into Lemonade

Dr Tony BailettiCarleton University Professor Tony Bailetti is out making lemons into lemonade.  In response to the current economic environment, he has dusted off a program he ran in 2002 called “Lead to Win”.  The goal is to take a crop of bright, talented folks with leadership potential and mold them into technology entrepreneurs.  Last time around, this program produced graduates who went on to found Liquid Computing, Nakina Systems, Trigence (AppZero),OnConference, BioPeak,  Congruance IT, Totient Networks, Connectme  TV, Purple Forge, Surve, Wise Eyes, THANN,Phenomena Tech, TenXC, Mobia Communications, Firesnacks, Timeline Interactive, Memoridia, and Babble.

It’s free, but there are only 30 seats available.  If this sounds like something you’d want to do, then get your application in quickly.

Call for talented technology individuals to join Lead to Win

If you are serious about starting a profitable tech-based business in the National Capital Region during the current economic situation, we invite you to apply to Lead to Win (LTW).

The first LTW training session starts May 19, 2009. If you have what it takes, we encourage you to apply immediately. To apply online, please go to www.leadtowin.ca.

LTW is the premier program for talented technology individuals who wish to establish and grow successful businesses in the National Capital Region.

Lead to Win (LTW) is free. In May and June we are investing in 30 talented individuals; each is expected to establish a technology business that can employ at least six knowledge workers over the next three years. We plan to repeat this investment six times during the economic downturn.

LTW has three phases. In the first phase, you provide contact information and answer ten questions. Participants will be selected based on their experience, commitment, and opportunity profile. In the second phase, you participate in an intense six day training program where you will learn how to lever business ecosystems, profitably serve attractive vertical markets, and the key factors that contribute to the ultimate success of a fledgling technology company. Upon completion of this second phase, you will be invited to launch your new technology businesses in the National Capital Region.  In the third phase, LTW connects you to strategic customers, revenue opportunities, and individuals, companies and organizations that can provide requisite resources, including capital. You keep all rights over your business.

The 2009 LTW program builds on the highly successful 2002 LTW program. LTW leverages the assets of the Talent First Network, alumni from the 2002 Lead To Win program, community expertise, and faculty members and graduate students of Carleton University’s Technology Innovation Management program (www.carleton.ca/tim).

Contact:

Tony Bailetti at Bailetti@sce.carleton.ca or call 613 829 8885.

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2009-04-20 10:58 am | No Comments »

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Squawk Box September 30 – Credit Crunch continues, and Cloud Computing

We continued our discussion of economics today, the day after the single largest drop on North American in history.  The markets are up today, after president bush called on US lawmakers to pass the bailout package, but there is still a lot of speculation about what this will mean for companies and investors.

We started with Eric Schonfeld’s piece on how this will impact Venture funds.  Schonfeld points out that limited partners in a venture fund commit capital and then deliver the money to the venture fund as the VC commits to make investments. He postulates that as investors suffer losses elsewhere they won’t be able to make their commitments to the venture fund. As a result, Silicon Valley investor confidence is at it’s lowest level in 7 years.

We then moved on to Rafe Needleman’s advice to startups for surviving the downturn.  He says, in essence, don’t count on advertising, rotate your business into enterprise, don’t go direct, raise money from angels not VC’s, conserve resources and (paradoxically, spend to plan).  We had a few survivors of the last downturn on the call who added some color and additional viewpoint to Rafe’s advice.

Switching topics, we then discussed the emergence of a series of anti-cloud computing rants.  There was Larry Ellison complaining that he didn’t understand what Cloud Computing was, beyond a marketing term for technology that already existed, and Richard Stallman’s rant against Cloud Computing that appeared yesterday.  We debated the definition of cloud computing, the privacy implications, and more.

On today’s conference call: Dan York, Jim Courtney, Hudson Barton, Brad Dixon, Bill Volk, Sheryl Breuker, Marcus Elford and Sergio Meinardi.

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2008-09-30 12:40 pm | 1 Comment »

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Two “Story of a startup” blogs

Some weeks ago, Ambient Vector CEO Sutha Kamal dropped me a line to tell me about his new project: a blog titled 90 Days in the Life of a Startup, published on the Globe and Mail’s website.  Part reality TV, part news, and all Sutha, it’s a great read. 

Then yesterday, Price Canada’s Ryan McKegney let me know about his new blog Story of a Startup, dedicated to telling the story of how PriceCanada and RedFlag Deals got off the ground.  Ryan’s got a lot less content at this point, but he’s just starting off.

Great reads, and inspiring for anyone thinking of taking the leap into a startup.

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2006-07-11 10:19 am | 1 Comment »

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Charles Hudson: Do Startups Change Consumer Behavior?

Very good. 

Do Startups Change Consumer Behavior?. I had lunch with a very successful technology investor friend of mine and he made a very interesting comment. He pointed out that he no longer hears about startup companies trying to "change consumer behavior" anymore. Smart companies that he… [Charles Hudson's Weblog]

It’s hugely hard to change consumer behaviour, even when you have buckets of money to spend on making that happen.  Microsoft or Intel can pour a few hundred million dollars into making a market, but a startup can’t.  A startup has to ride a market wave, not try to make the market.

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2003-05-06 4:00 am | Comments Off

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