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Entries in Yardstick Software Inc. (5)

Monday
Apr052010

Flexible in the face of change. UnTech10 Unconference.

Below is an hour-long webinar we presented to over 100 various certification and licensure association executives on the topic of transitioning their certification testing and training program from an offline setting into an online one. I wouldn't normally post it here, as we will make it available on our ProExams.com website, but I found this event to be interesting for a couple of reasons, which are worth commenting on.

Basically, this webinar event was never meant to happen and was established in response to the cancellation of the American Society of Association Executives Technology Conference which our company was planning to attend in Washington DC at the beginning of February. The event was cancelled 2-days prior to the show's expected launch date due to one of the largest snow-storms to hit the city in the last 100 years. We had planned to have 5 people at the show, had shipped our booth and even had one employee stranded in DC when they made the call to cancel.

What I found amazing, in light of the last minute cancellation, was that there was an immediate effort by some of the Social Media enlightened in the ASAE group to create an "Un-Conference". There were of course people already in the DC area who had planned to attend the event, plus thousands who couldn't make it due to the weather, who still wanted to enjoy the connections of the conference. Within 24 hours of the cancellation, there was a website, twitter hashtag, Flickr photos, Slideshare account, basically an entire online community created around the UnTech10. Interestingly the community that was created online at that time has continued to persist with real relationships and business opportunities happening.

At the same time, the group recognized that many of the exhibitors of the planned conference will have missed the opportunity to present their company to the delegates, and a business opportunity was born. A company called Peach New Media which specializes in webinar, live training and online community work for associations created what they called the Technology Toolbox Seminar series and allowed 12 of the exhibitors to sponsor and present an online learning session on the topic of their choice. These new webinars were FREE to viewers and were marketed to tens fo thousands of association professionals.

So, from a weather related disaster, to a very well attended webinar event whose audience was perfectly aligned with our product. NO TRAVEL COSTS, NO COST TO THE AUDIENCE, and DOZENS MORE SALES LEADS for us vs. the traditional trade show experience. In my opinion this is the future of conferencing and education. Of course attending trade shows will always be important, as shaking hands and looking into the eyes of our potential clients is important, but this is a very price effective second choice and will be used more and more to replace events.

If you have an interest in losing an hour of your life and learning about Psychometrics and Online Testing, fill your boots.

If you would prefer to read more about how UnTech10 happened, I recommend this great blog post.

 

Webinar Summary

Yardstick Software Inc. operates two business that specialize in helping Associations bring their examination / testing programs and online continuing education online. We hope to share with our listeners the fundamentals of an assessment program (online or paper-based), psychometrics 101, why online delivery works, and in some cases why online delivery may never work. We also plan to review some of the technical details that you should consider when making an investment in web-based exam and e-learning applications, and finally a rough idea of pricing for program delivery.

Seminar Objectives
1) Assessment Program Fundamentals & Psychometrics 101
2) Things to consider when transition from a paper-based to web-based program
3) How do you choose between online delivery vs. offline delivery
4) Technical / IT considerations when looking to take your programs online
5) Budgetary pricing ideas for online exam and online training programs

Speakers
Greg Sadesky, PhD, Senior Psychometrician - VP – ProExams As the big man on campus for our ProExams™ Professional Testing Service, Greg applies his expertise to ensure that your tests are fair, sound, and interpretable. He works with our partners to demystify the process at any stage of the assessment cycle. An avid hacky sack athlete, Greg is passionate about rock climbing and loves to play the upright bass.

Chris LaBossiere - Co-CEO of ProExams.com & ProTraining.com As one of the founders of Yardstick software, Chris works to see our company grow through satisfied customers and strategic partnerships. A pilot and motorcycle junkie, Chris is happiest when he’s riding around town or flying above it, hunting with his dog Murphy, hanging with his family, or simply enjoying coffee and the morning paper.

Thursday
Jan142010

A short business update...

Just before Christmas, we were lucky to be able to come to terms with new investors in our company, Yardstick Software Inc. Mr. Ross Grieve, a very well known and successfull local business man and his son Matthew, have decided that an investment in our company makes a great deal of sense.

Considering Mr. Grieve was just named as "Canada's Outstanding CEO of the Year" by Caldwell Partners and the National Post, it all feels pretty good. Ross Grieve will remain as Chaiman of the PCL Board of Directors. Both Ross and Matthew Grieve will join our advisory board as well, and be active in asissting us with the growth of our company.

You can see the full press release below:

Yardstick Software Inc. Welcomes New Investment

Yardstick Software Inc. is pleased to announce the addition of  new shareholders, Maggnum Ventures Inc., an Alberta investment company led by President Matthew Grieve in partnership with Ross Grieve. Maggnum’s investment (less than 10% of Yardstick Software’s  outstanding shares) will be used by the company to continue to fund its rapid growth, including the addition of much needed new office space for its expanding Edmonton based workforce.

Ross Grieve, former President and CEO of PCL Constructors Inc. and current Chairman of the PCL Board and his son Matthew Grieve, have also agreed to join Yardstick’s Advisory Board, contributing a wealth of business experience and professional leadership to the team. Ross Grieve was recently named as Canada’s Outstanding CEO of the Year™ by Caldwell Partners, Deloitte & Touche, and the National Post. Matthew Grieve, a graduate from Huron College at the University of Western Ontario, is based at Maggnum’s Calgary headquarters.

“In my previous career, training employees was of paramount importance to our success. Couple that with innovative technology used to help organizations deliver online training and testing, and you can see why we see Yardstick Software as a very attractive investment,” says Ross Grieve. “We are excited to be a part of the company and also want to congratulate Yardstick on being named for a fourth consecutive year to the Alberta Venture Magazine Fast Growth 50 list.

Chris LaBossiere Manager of Business Development and Co-CEO of Yardstick adds, “We are an industry leader in changing the way organizations use the internet to deliver training and testing online. Yardstick Software proactively embraces opportunities that allow for the positive growth and upward development of its company.  The investment by Maggnum Ventures speaks directly to the impressive growth Yardstick has experienced over the past four years, the quality of our people and product, and the long-term commitment the company makes toward being a World-Class provider in our space. We also anticipate an accelerated external growth strategy, building on our  acquisition of the assets of TDG WHMIS Compliance Centre Inc., which was completed in Summer 2009.

For more information on this transaction, please contact Tracey Hill, Manager of Corporate Operations, at:  tracey@yardsticksoftware.com.

Yardstick Software Inc. is a privately-owned, customer focused company.  Beginning in 2002, - we have provided online testing and web-based training to over 400,000 individual users, across dozens of industries, for over 200 clients.

Saturday
Dec262009

Some of my best friends are business people.

As the foundation to what will be a few more posts on the topic of business, I thought I would tackle the issue of "Big Business". Nothing gets my knickers in a knot more than the way we throw the term around like it's some kind of evil certainty. Let the record show, I own and run a small business, but I have every intention of making it a big one.

I almost typed that "it's not about the money", but then of course I would have risked a rare mid-winter lightning strike. It is about the money. Because without money, we would be left with little to review as our "report-card". Our company is a very fast-growing business, in a fast-growing industry. If we weren't marching on a path of growth, we would be doing a disservice to ourselves, our customers, AND our employees. When our company was started 3.5 years ago, it was nothing but a concept and hobby created by two guys in a basement. Growth has allowed us to reach 15 employees in size, in a relatively short period of time. Each of those individual employees are helping to provide for their families because of our company and idea. Our employees and our company are also helping provide for our communities.

I don't believe that growth should be allowed unchecked, nor do I believe that we should simply just grow and take, without giving back. BUT it's awfully hard to give back unless you have something to give. I also believe in the spirit of entrepreneurs, and how they tend to give back in a disproportionate way versus the rest of the community.

If you follow me on Twitter, you know that I was at the Boyle Street Christmas Dinner yesterday helping serve Christmas dinner to the disenfranchised community of Edmonton. I was there as an invitee of a local business owner who has supported the dinner for decades. When I met other founders of the dinner, I was AMAZED at the wealth of some of the senior volunteers and founders of the dinner. ALL of them I recognized as successful entrepreneurs. They were not there to be recognized, and I will not do so, but they were largely the reason the event was a success, and their businesses were major underwriters of the day.

These entreprenuers have been successful in building their businesses. Finding success and then sharing it back are totally seperate passions, but understand that one comes ahead of the other, and profits and growth make the latter more effective.

Also, thinking that it's the responsibility of business-owners to give back all of their profits, and/or pay greater than their share of taxes, is the ridiculous position of those who have never taken the risk, or worked a day in the shoes of a business person. Wealth is CREATED first before it can be distributed. LEGISLATING that wealth be transferred in a punitive way, FROM those who create it, TO those who rely on it, is clearly not sustainable. Of course we all know that businesses and our wealthy should be paying their fair share, but make no mistake, NO GOVERNMENT can create wealth. It can redistribute it, and it should. But an environment that allows it to be created by the people who can, is the important first step.

Now, I have also spent 15 years working for very large public companies. Two of them with Billions in revenues, and with me managing hundreds of millions per year in revenue. I will agree that the individual spirit of those organizations are lessened, as they answer to their many shareholders first. But even then, our most successful public companies are those that find a way to deliver shareholder value, in a way that sustains the communities in which they make a living.

The problem that has plagued the large public companies lately, has been the complete disconnect between senior management, who seemingly make money no matter how they perform, and the shareholders of the companies, who ironically are the everyman of society. In Canada, due to our highly regulated banking industry and stock markets, nearly every Canadian who owns an RRSP or Pension, owns the shares of a large public company.

So, in my opinion, reasonable legislation and regulation IS required when we are overseeing our business owners and managers. But if we approach it from a perspective of being punishers, instead of regulators, we will inevitably kill the Golden Goose.

Monday
Nov092009

It's all about Mo' Mentum

If you haven't heard, the team at Yardstick Software Inc. has been renamed to Yardstache Software, where we will be growing some serious facial hair (albeit in splotchy mounds) to raise money for the Prostate Cancer Canada.

I was an early resister, as my facial hair has the propensity to scare small children. But after checking my calendar and NOT having to go see my banker for a bank loan, or my parole officer until December, I have decided to join in the fun.

Please consider supporting me, to help fund Prostate Cancer research. If you don't want to particulary save me, rest assured I am in a high risk category for liver cancer or heart attack, so by donating to me, you are actually saving someone else.

Click here to get started!

http://bit.ly/christache

Thursday
Oct012009

The continuing saga of Yardstick Software Inc.

Today we finalized the acquisition of a local safety training company, TDG-WHMIS Compliance Center Inc. They have been a great business partner since 2006, and completing this transaction completes a significant investment we have made in online safety training.

It's a rewarding moment and mostly because our company has continued to grow, at rapid pace, 100% funded by our profits and good old fashioned bootstrapping. This deal simply could not have happened without the very hard work of Greg Kureluk our Sales and Marketing VP and a minority shareholder of the company. Thanks to our customers, and employees for their continued commitment.

See the original press release below:

ProTraining.com™ Acquires Edmonton Safety Training Company

ProTraining.com an operating division of Yardstick Software Inc . is pleased to announce the acquisition of the substantial operating assets of TDG-WHMIS Compliance Center Inc.

TDG-WHMIS is a successful Edmonton training company which specializes in the sales of several safety based training products and services to organizations across the country.  In business for over 12 years, they own and sell training resources and products, which are required by legislation in many sectors, including construction, transportation, hospitality and many more.

TDG-WHMIS previous owner, Michael Burke, remains a well-respected subject matter expert and training professional, serving for over 20 years in the Canadian safety-training sector.  Mr. Burke will continue to serve the company in a consulting and trainer role. ProTraining.com will operate the combined companies, and will expand its product lines over the 20 online safety-training sites it currently operates.  Available for purchase will be:

  • Online safety training for the following titles:
    • Transportation of Dangerous Goods - Certification
    • WHMIS - Certification
    • IATA Dangerous Goods by Air - Certification
    • Forklift Operator Safety - Awareness
    • Fall Arrest Protection - Awareness
    • And hundreds more....
  • Study Manuals and Training Resources for the above titles
  • Instructor-led training and train-the-trainer courses

If you require more information on TDG-WHMIS or ProTraining.com, please visit their respective websites at www.tdgwhmis.com or www.ProTraining.com or contact VP of Sales and marketing Greg Kureluk at (866) 793-4820.

About Yardstick Software
Yardstick Software Inc. is a privately owned, customer focused company. Starting in 2002, we have provided online testing and training to over 500,000 individual users, across dozens of industries, for over 250 clients.  The Yardstick Software web-application is designed to revolutionize the way organizations use the internet to deliver training and testing to their users. We steadfastly live up to our service promises. We also understand that each of our customers and potential customers will have differing approaches to the training and testing programs.