TheCodeFactory provides value to members (companies that lease space are refered to as members) in a number of different ways. Here is a list of the key value add from the members perspective:

- Productivity imporvements – Time Savings
- Community
- Value for Money – Cost Saving
- Risk Mitigation

First and foremost TheCodeFactory provides productivity imporvements for members. If you think about when start-ups are formed there are a number of tasks and processes that are common across the board. These tasks are typically administrative and support reltated. You know, … the type of tasks that need to get done but do not add a great deal to the value of the start-up. Things like setting up internet connections, installing a phone system, buying furniture, and that sort of stuff. We at TheCodeFactory  provision these services for our members and allow them to focus on the important value aspects of their business.

The community aspect of TheCodeFactory we believe will add significant value to members. By being able to meet in the kitchen our lounge to share insights and converstations with like minded individuals can provide significant value.

Cost savings is a recurring theme among the members we have surveyed and interviewed. By provinding a single monthly fee for a furnished office coupled with our economies of scale we pass these savings along to our members. We also provide value to members by giving them a more professional appearence with such services as shared reception and mailing addresses than would be achieveable on the typical start-up budget. The lego like capacity of our team based office space allows companies to incrementally expand the team space. This is different  than take a fixed area space provided by many landlords.

We provide shorter term leases to members that allow them flexibility and mitigate risks. In Ottawa if you are looking for office space the typical minimum term is 2 years, our lease terms are 1 year or less. This means more cash available for your business and derisks the lease by providing a shorter term. This also means  less capital tied up in overhead  providing some finaicial risk mitigation.

cheers,

ian.thecodefactory

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… Coming real soon.

We are making progress with TheCodeFactory and hope to have some exciting news for everyone within the next couple of weeks.

Thank you for your patentiece and stay tuned. Consider this a test of TheCodeFactory emergency broadcast system. Right now we are on a yellow alert.

Cheers,
Ian.TheCodeFactory.com

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I had breakfast this morning with an entrepreneur and we talked about entrepreneurial type stuff. One of the topics we broached on was creating an entrepreneurial culture. The key aspect of this that stuck out in my mind was the right entrepreneurial attitude.

Being entrepreneurial means taking a risk, and the trouble with taking risk is that there is sometimes the dreaded “F” bomb Failure rears its ugly head. Yes when you are pushing the envelope and trying new stuff sometimes things just don’t work out. You know, Stuff happens.

How you deal with stuff happening has everything to do with attitude and culture. Even some of Ottawa’s greatest entrepreneurs have had their setbacks. Who remembers West End Systems or Castleton, probably not too many people because they never got over the IPO hurdle, however, how many people remember March or Newbridge Networks, same entrepreneur. Mixed with Success there will inevitably be failure. 
In every problem are the seeds of opportunity. Through a miscue comes learning.

There is a story in Winning Friends and Influencing People where a pilot takes up his vintage world war II prop based plane for a flight. About three hundred feet up, the engine stalls and shuts down. The pilot wrestles with the controls and manages to land the plane with minor damage. Immediately after landing he exits the plane and inspects the fuel tanks. Just as he suspected the tanks have been filled with jet fuel instead of gasoline.

The sheepish flight technician that made the mistake is standing on the tarmac watching events unfold and realizes what he has done. It is a miracle the plane wasn’t destroyed or the pilot killed. He is beside himself with worry. He notices that the pilot has turned and started to walk quickly toward him.

The pilot approaches the technician and puts his arm around the young mans shoulders. With a laugh he says I would like you to drain the tank and repair the plane. I am going to trust you with the plane because after today I am sure that you will never make the same mistake again.
The grateful technician breathes a huge sigh of relief and runs toward the planeto start the repairs.

I present to you TheCodeFactory Norm #1: “Don’t Criticize, Condemn or Complain.” TheCodeFactory will be a 3C free zone. People are happier and tend to perform much better in an encouraging environment.

Cheers,

ian (dot) thecodefactory

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