Wednesday, June 26, 2013

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Baby boomers are retiring, and millenials are becoming mobile more than ever. For a business, especially those that recognize the importance of its workforce and the knowledge gap that may occur as a result of an imminent departure of older personnel, this can be bad news, especially for business and economic growth. As per a recent study, it is believed that in North America alone, about 75 million old-timers will be leaving the workforce within the next 15 years.

The lines “for every unmet need, there is a startup waiting to happen” and “if you can’t beat them, join them” aren’t without merit. A startup by the name of, short for Business Intelligence Exchange Networks, came about as a result of a conversation its founder, Brad Gaulin, had regarding baby boomers leaving the labor force. And if someone is to help the younger generation succeed in any way, shape or form, knowledge and expert mentorship has to be given to them where they usually look for them. Cases in point: Wikipedia, Amazon, iTunes, Kijiji, Facebook, Google apps, among others. Combining the concepts behind these platforms led to the creation of

Of course, startups aren’t without their share of difficulties. When asked what has been the most challenging, Gaulin said it was giving away 80% of the company as sweat equity to his co-founders who were all working part-time. He had thought that doing so would get things done quickly. The opposite had happened, however. As it turned out, managing a large group of part-timers wasn’t easy. It took them about a year to achieve six months of progress, if only they had taken the normal startup cycles.

Aside from its core offerings (mentoring social network and knowledge crowdsourcing that allows a user to upload his expertise, which can then be downloaded by other users for free or for a fee), also has bixDonate, a program that allows experts to donate a portion of their earnings to registered charities, entities dedicated to learning and community development, nonprofits, universities, and the like.

There is also an enterprise edition which allows a company’s workforce to share their expertise with other members of the same company through knowledge packaging and mentoring. Everything is deposited in one place for convenient future access.

[Via - Uncommon Business Blog]

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