Time

They tell me Dot your I's and cross your T's
They say check your grammar check your spelling
They say wait till it is perfect
I say I am an Businessman
 I am a Entrepreneur
I am a Professional
If waited for all these perfections
I would still be waiting
Because time does not wait 

AI Block chain and Bitcoins the new dotcoms of today

Artificial intelligence Block chain and Bitcoins Reminiscent of Dotcom era

Remember the dot com craze
Every investor was ogling the next deal on dot coms
I remember it well
 I was in process of taking my second company public this time I was doing it with an RTO ( reverse take over) of a shell public company
So I would call the available shells and to my surprise every one wanted to do the deal with dot coms
Most  of them without knowing much about as to what was Dotcom
I remember calling one of these  company's president I gave him the details of my deal
His response was Luke warm, he asked me if I can send him more info to which I replied I will do so but at the same time For him to look at our website "at the acompany.com"
Well that was the magic word and I got all his attention now know that my company had nothing to do with Dotcom but the word got the attention
Today all the VCs and every capital is flocking to invest in early FinTechs
While tech companies are rushing to  associate them self with this technology
For those of us who have been around for a while know how it sounds like the Dotcom era, it was a fervor and in 90s investors were running at the Dotcom opportunity
Many went bust but what came out of it was some very nice companies and a new life style today's Giants like Amazon and AliBaba are the witness of this dot com boom
As we look to future on the new Fintech companies yes many of them will crash and burn some will be frauds but mostly what will come is the new technology and a new way society operates
From Turnpikes to Radio stations to Dotcom to  Fintech brave risk
capital has continued to support new ways for human convenience to continue to make our society better

Business plan is not a summary pageWe must look at substance over form

Many entrepreneurs make this one mistake in preparing a business plan

Being so enthusiastic about their venture , while they get a great encouragement from friends and family the real test comes when one needs financing 

Getting your business funded the financiers want to look at the hard facts

If you are like me you get a lot of calls " I have this great opportunity I want you to look at" but many time the story runs short of substance

Amazing and enthusiastic it may be but if it is missing the ingredients to back it up it is just a to do list

We are all searching for a scalable and repeatable business therefore

we must look at all the hypothesis about business it's products, customers and how would they be retained

Challenges to the business have to be detailed including any negative factors as well as how to mitigate them

Financial projections and underlying factors that test them

All the above must be detailed, challenged is what give a business plan substance which is than ready to meet the potential investors and lenders

Always keeping in mind Substance over form

If I have said something of substance than please click the like button

FinTech

Standing in line to buy my favorite beverage, as I was deciding my order ,the person ahead of me was paying for purchases, payment was made in Coins and the transaction completed. I of course decided to pay with my Credit Card tapping it to the cash register is how my payment got processed.

Just behind me were few Generation Z giggling and laughing, as they kept on showing each other screen of held devises ,and when came the time to pay they simply tapped the phone to cash register.

All three acceptable methods of payment ,the third would be creation of FinTech.

Today FinTech is the most popular subject in financial industry. TMX to BDC to Christine Legard of EU every one is talking of Fin Tech.Short for FinanciallTechnology, an industry  on its own made up of businesses aimed at providing financial services.

Needless to say majority of Millennials rather do business on line and therefore trust and work with tech Giants such as Google, Amazon and  PayPal.

However we do witness a great participation from Canadian Banks who have made Fintech  part of their agenda and continue to grow in this regard.

As I look at this industry and as I see the many efforts made by our Canadian financial institutions, including capital markets and the other lending institutions which are embracing this technology, and

as much as consumers want choices we must adhere to regulations, Fintechs in Canada will continue to rise up to the challenge.

Therefore for any  entrepreneur who looks to break into the market , it’ s Blue skies.