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Roar Bakken, Richmond, BC

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January 5, 2006

Exit Strategies

Filed under: business — roar @ 9:41 pm

BC Business Magazine this month has an article by Tony Wanless looking at exit strategies.

If you want to start a business today, you’ll find a lot of help out there. Governments, universities, management gurus, and, of course, the Web, will provide you with mountains of material on how to get into business. Rarely, however, do they tell you how to get out.

The article discusses exit strategies used by local entrepreneurs such as Ian and Louise Mummery (Vision Direct), Dick Hardt (ActiveState), Catarine Fake and Stewart Butterfield (Ludicorp / Flikr)

The next Vancouver Enterprise Forum (VEF) on January 24th is also looking at Exit Strategies:

Tuesday, January 24, 2006 from 5:30 PM to 8:00 PM
How do I get My Money Back?
How Understanding the Exit Strategy is Critical to Successfully Financing an Early-Stage Company

roar at roarweb dot com

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Deviant Bananas - Banana Guard

Filed under: business, marketing, technology, Internet, Customer Experience — roar @ 9:15 pm

Deviant bananas are what the manufacturer of the Banana Guard calls the 10 % of bananas that do not fit into their product!

Banana Guard

Q: “Not all bananas are the same size or shape, so how can the Banana Guard fit them all?”

A: The Banana Guard was specially designed to accommodate the majority of banana sizes. Our testing indicates that over 90% of commercially available bananas will fit into the Banana Guard. Highly curved bananas can be straightened ever-so-slightly without harm to fit the Banana Guard shape. The opposite holds true of very straight bananas.

200,000 units sold last year. Not enough for 3 Vancouver based ER doctors to quit their jobs yet, but still. Sold internationally, also available online.

roar at roarweb dot com

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10 Web moments that changed the world

Filed under: Internet 2.0, Internet, blogging — roar @ 6:20 pm

From the Webby Awards site:

10 Web moments that changed the world

roar at roarweb dot com

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January 4, 2006

Reading Blogs

Filed under: Internet 2.0, blogging — roar @ 1:23 pm

One of the benefits of reading blogs is that they sometime can point you in the direction of really interesting stuff. Take “Connecting the Dots” by Steve Borsch for example. I’m no longer sure why this blog ended up on my RSS list, but I occasionally have a look at it.

In his latest post he looks at the LibriVox Project which provides free audio books from the public domain.

“Free” on the internet is sometimes translated “stolen”. The Librivox Project, which is fully volunteer driven, respects copyright by only publishing works from the public domain. For example, if you did not get enough of Christmas stories over the holidays, you can find “A Christmas Carol” by Charles Dickens here.

roar at roarweb dot com

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COCO Gift Card

Filed under: business, marketing, Internet 2.0, technology, software, Customer Experience — roar @ 12:58 pm

A COCO Gift Card is a personalised prepaid Gift Card that looks like a credit card, but works like a rechargeable gift certificate.

Cool!

roar at roarweb dot com

COCO Gift Certificate designer

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Netvibes

Filed under: business, Internet 2.0, software, Internet, blogging, Customer Experience — roar @ 11:39 am

Looking for a new home page? Check out Netvibes!

Thanks to Paul Kedrosky for pointing this one out. Check out his site, Paul Kedrosky’s Infectious Greed, for more musings about technology, finance, venture capital, & the money culture.

roar at roarweb dot com

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Blogs = shared information!

Filed under: thoughts, Internet 2.0, Internet, blogging — roar @ 11:29 am

Blogs are a great tool to publish your thoughts to a wider audience. But what you write is also publicly available information!

What you say on your blog may impact you other places! Take Mike Klander, the executive vice-president of the federal Liberal party’s Ontario wing, that thought his blog was only read by a few friends! Well, Mr. Klander has now resigned!

According to wolfvillewatch there are now a cloned site available.

As wolfevillewatch said: “It just goes to show you that in webdom once it is out there, it is out there, and you can’t really take it back.”

Bottom line? Think twice, post once! And when that fails, edit as fast as you can!!!

roar at roarweb dot com

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Christmas - shopping and more

Filed under: thoughts, business, personal, Customer Experience — roar @ 11:11 am

Christmas is a time full of “customer experiences”.

- shopping
- wrapping of presents
- preparation of food
- time with friends and family
- giving and receiving of gifts
- church
- eating
- returns
- sales

For many they all go together in a blur. Christmas is a busy time for many and their “customer experience” in one area really depends on what happened in other areas.

- Making food, wrapping and giving gifts are dependent on shopping.
- Receiving gifts and eating of food depends on …. shopping
- Returns depends on shopping
- For many, sales means shopping

So, does it all boil down to shopping? It might look that way from the examples above and for some it does. Even the time spent with friends, family and at church sometimes depends on how the shopping has gone.

While shopping for many has become the main activity around Christmas, there are others that try to focus on other things. Convention organizers at a local hotel had the hotel take down all their Christmas decorations as it reminded them about the commercialization of Christmas.

Shopping has become an important part of this holidays here in North America. And our experiences when shopping impacts how we feel about this time of year. Poor service and long lineups make this a stressful time for many.

This stress follows us through the holidays. We’re late for church - standing room only. We’re trying to squeeze in another few friends for a get together - people we can see all year round, but “have to” see during these few days. We’re busy! And to this we add more shopping when the sales starts!?!

Christmas is a great example on how things are interconnected. Our experiences when shopping or preparing food often impacts how we feel about other parts of the holidays.

This interconnection is there year-round, but the additional stress at Christmas time makes it more obvious.

This interconnection impacts us both as a consumer and as a business.

As a consumer an experience in one area will impact how we feel about an experience in another area. As a business we’ll see customers react to what we offer of products and service(s) based on what they have experienced other places.

We need to keep this in mind when looking at experiences. When a customer has been treated poorly somewhere else you might have to increase your service level to achieve the same satisfaction level as before. That the last customer yelled at you does not mean you should yell at the next one in the line-up.

To help create a positive customer experience we all need to work hard to break the cycle of stress and negative feedback. First then will the experience improve - both for customers and the employees trying to serve them.

Want to look at inter-connectivity from a different angle? Imagine a glass half full of water. Then you start adding more water - one drop at a time. If you do nothing else the water will eventually overflow. While many will say that it was the last drop that made the water overflow, I urge you to look again. Have you ever tried to find that last drop in the water? Is it still in the glass or on the outside? Does it matter?

The glass of water overflowed because of the combined volume of water was larger than the glass could hold. So is it with customer experiences. Each little item impacts the larger picture. Too many “irritations” and you might “spill”, too many complaints and the response from the store clerk might be very negative.

Next time, let’s keep this interconnection in mind.

By the way. Christmas is not about shopping. For me it’s about a Gift of another kind. A Gift that is free to all those that ask for it. While I still shop for food and gifts and still stress more than I should, no shopping is needed for the true meaning of Christmas!

roar at roarweb dot com

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