All posts by Adam Henshall

How to Start a Media Company and Actually Make Money

how to start a media company and actually make moneyThe Guardian is a 195 year old British newspaper which expects to burn through £90m in 2017 after incurring damage of £200m the year before.

The Economist once described The Guardian as:

“[T]he most stylish paper in the hyper-competitive British quality pack, the wittiest and best-designed, the strongest for features, the one most likely to reflect modern life.”

At it’s peak it sold half a million papers per day. In June 2016, at peak Brexit-vote tension, The Guardian online claimed to have over 165m unique monthly browsers.

Yet, despite this history, reputation, and traffic, there are serious warnings that the money will run dry in as little as six or seven years.

If they can’t make it work, how can anyone? What future is there for journalism and traditional media?

In this article, we’ll explore a number of business models in use today on both a large and small scale, and begin to analyze their strengths and weaknesses.

We’ll break that down into 10 key recommendations for anyone looking to hop onboard the media startup bandwagon.

Then, for a bit of fun, we’ll delve into what could lie ahead for the future of print media.

Extra, extra! Read all about it!

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How to Create Business Systems Even When You Have No Time

How_to_systemize_your_business_even_if_you_don_t_have_time

Processes are our deal. It’s what we do.

Unsurprisingly, it’s what our users do too. They use Process Street to manage their internal processes and keep their teams working at maximum efficiency.

In our constant attempt to understand our users’ needs, we asked the community what their biggest pain points were. We wanted to see what obstacles hampered the process management of companies and how we could help them combat that.

Our research across 83 respondents gave us a great deal of insight but one key takeaway stood out:

42% of respondents said they had no time to create processes.

Even worse, a further 54% of those (23% of the total responses) say they are currently taking no steps to remedy this situation!

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This post will attempt to tackle this problem and present actionable ways you can ramp up your process production and save yourself time.

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How to Invest in Cryptocurrency and Join the Blockchain Craze

Adam Henshall August 11, 2017

A single Bitcoin in 2010 cost less than one cent. Now, one Bitcoin is valued at about $3,500.

You probably already know about Bitcoin, and that massive jump in value is likely why.

But what about Ethereum which has nearly $30 billion worth of coins in circulation? Or emerging coins like Ripple or Litecoin? Joke currencies like Dogecoin or FedoraCoin? The deeper you dig into the blossoming world of cryptocurrencies the weirder it seems to get.

Don’t let the memes fool you, though. Cryptocurrencies are establishing themselves as the real deal. Their use values are appearing and their massive levels of inflation have already made some people a lot of money!

Given the seeming technological complexities of cryptocurrency, many young people are the forming the public body of participants who are bringing these new currencies into the mainstream. As the New York Times put it:

“Grandpa had a pension. This generation has cryptocurrency.”

In this article, the third of our Process Street Future Finance series after Micro-Investing and Equity Crowdfunding, we’ll look at 3 key areas to equip you with the knowledge to jump on the cryptocurrency bandwagon before it’s too late:

  • What is cryptocurrency and how does it work?
  • What currencies are available and how do they differ?
  • What are the steps to getting started with cryptocurrencies?

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What is Crowdfunding? The Complete Guide to Getting Started

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Are you a wannabe investor, or an aspiring entrepreneur?

There are now more ways than ever to get those valuable connections to make you and others money. The online crowdfunding world is a network of forward thinking companies and people who want to help them succeed.

In the second installment of our Future Finance series, focused on modern investment and millennial-friendly financing, we’re looking at the particular niche of equity crowdfunding.

In 2012, the total global crowdfunding industry estimated fundraising volume was $2.7 billion. In 2015, this had grown to $34 billion. The industry is booming and growing each year, so it’s about time we picked it apart for you.

In this article, we’re going to look at two key areas:

  1. How you can become an investor through crowdfunding opportunities including platforms available to help you along your journey.
  2. How you can raise investment for your startup through crowdfunding platforms, with expert advice from FlashFunders’s Evan Markiles.

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Micro Investing: Become an Investor With a $2 Budget

Micro_Investing-_Become_an_Investor_With_a_$2_Budget-03For a long time, the world of investing was limited to those with access to significant amounts of capital.

If you wanted to invest, you needed large sums of money. If you wanted investment, you needed someone with large sums of money.

The internet is changing this.

$30 million has been put into one micro investing app, $35 million in another, and a whopping $66 million in a further one. Investors see real promise in these micro investing opportunities, and it’s easy to see why.

These apps aim to open up investing to everyone, no matter your budget.

In the first of our Process Street Future Finance series, where we look at modern tech-driven investment options and how the millennial market is shaping the scene, we’re giving the ultimate introduction to micro investing.

We’ll tell you:

  • What it is.
  • Why it’s hyped.
  • Where it’s going.
  • How you can get started.

Hold on to your 401(k)s, we’re going in!

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Processes, Policies and Procedures: Important Distinctions to Systemize Your Business

Processes_Policies_and_Procedures-_The_important_distinctions_to_systemize_your_businessCommunicating the right things at the right times is vital in all walks of life.

Within a complex business with multiple moving parts, the value of this communication is high and the effects of poor communication are potentially catastrophic.

As Professor Allen Webster puts it:

Without communication and the team effort it permits, the successful completion of any important project can be jeopardized.

There are two elements of communication here to be addressed:

  1. How effectively we are understanding key concepts and terms
  2. How effectively we are utilizing and communicating those concepts and their effects to our teams

The three concepts we’re going to tackle specifically in this article are processes, policies and procedures.

What are the differences between them? How do we effectively utilize each? How do we, at Process Street, utilize these concepts within our organizational structure?

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How Hatch Canada Uses Process Street to Handle its Growth

Hatch Canada Process Street case study headerHatch Canada has been a long time member of the Process Street community and utilizes our platform to streamline their recruitment and onboarding processes. We spoke with CEO Peter Kuperman about how Process Street is utilized within the business.

The Hatch Canada story

While children grow up with iPads and computers, their classes in school too often focus on the same areas as they did 20, 30, 40 years ago.

Hatch is on the forefront of changing that approach.

Hatch is committed to opening up technology to everyone, and providing an opportunity to understand what’s inside the machines kids already interact with daily.

Hatch Canada presentationNot simply a coding school, Hatch is dispersed across Canada and is able to boast that it’s a 100+ person company.

The aim is to making learning fun.

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Why Are Monopolies Bad? An Analysis of 6 Rise-and-Fall Companies

Why are monopolies bad?When I think of monopoly I think of a mustachioed man with a nice hat and a highland terrier.

I also think of family arguments and Christmas flashbacks; Monopole mon amour, directed by Resnais…

Yet, those aren’t the only monopoly connotations you should be worried about. The New York Times recently reported that a whopping 77% of mobile social traffic is owned by Facebook, 74% of the ebook market is Amazon, and Google owns 88% percent of the search advertising market.

They aren’t the only monopolies around and they’re only in specific sectors. A report from eMarketer showed that in 2016 Facebook and Google collectively accounted for 57% of all mobile advertising – and that figure is rising. Maybe it’s not a monopoly at all, but a duopoly?

Market position isn’t static, it’s dynamic. Monopolies form and fade, doing so in response to specific factors and environments.

In this article, we’ll look at the rise and fall of some monopolistic scenarios and try to learn a little about how this current dominance may look moving forward.

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How iQ Food Co Use Process Street to Manage Their Operations

iQ Food Co Process Street Case Study

Toronto-based iQ Food Co is a long time user of Process Street and its operations are being driven forward with the aid of our platform. We spoke with Arthur Bekerman, the COO, about how iQ Food Co implement Process Street in their business.

The iQ Food Co Story

iQ Food Co is a company deeply embedded with an ethos. They devote themselves to the promotion of balance and sustainability and feel that everyone should have access to the healthy and vibrant food they provide. More than half of the produce iQ Food Co buys is sourced from within 100 kilometers and they serve it up in balanced colorful meals for customers across their 5 locations.

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The Aggressive Processes Uber is Using for Global Expansion

Uber global expansionUber is seemingly always in the news for something.

Right now the big stories are:

It appears Uber is everywhere.

But how did Uber grow to such a large degree, particularly with laws and governments and embedded markets in their way? How did they end up with a potential valuation of $68 billion?

In this article, we’ll look at three key things:

  1. Where did Uber come from and what is its philosophy?
  2. How does Uber conquer a city?
  3. What steps does Uber take to recruit new drivers?

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