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<div style="font-size: 20px">Day 3 Tour: Seoul National University + Finotek + BeNative + Memebox</div> | <div style="font-size: 20px">Day 3 Tour: Seoul National University + Finotek + BeNative + Memebox</div> | ||
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| − | + | SNU | |
| + | I found the sharing session by Educast’s CEO very relatable. I was amazed and in awe of the facilities that SNU has as compared to universities back in Singapore. I like that the sharing was open and candid especially when he shared on how he took a leap of faith in taking a leave of absence from school and how he was willing to sacrifice grades for what he believed in. In addition, he was open in sharing his initial mistake of hiring too many people as he thought that it would complete the job faster. | ||
| + | Finotek | ||
| + | Finotek is a fintech company that innovate finance with confidence and truth in a new market. I like how the CEO shared many important and useful advice that young entrepreneurs should have. For example, he emphasized that endurance is important and one would need passion in what he/she is doing. He mentioned that technology will eventually die and wane off but passion is enduring. He also shared 2 important take away points, 1. Always think about what you want to do and the services you can provide. 2. Foresight for the future. These advice are useful as the startup journey is one that is filled with many challenges and obstacles. Especially when we are at a younger phase in life, it is easier for us to call it quits and take up a stable and full time job. I also found Finotek business concept very well thought of and it was clear that Finotek has also establish clear goals for the future. | ||
| + | |||
| + | BeNative | ||
| + | My 3 main take away points from BeNative is | ||
| + | 1. It is important to know who your potential competitor. | ||
| + | It is easy to identify current competition. However, business changes very fast and it is important that to also identify and be aware of who your potential competitor could be in the next few years. | ||
| + | 2. Time is an important entity | ||
| + | Everyone has 24 hours a day. How you are going to use it would eventually be crucial to the success of the company. | ||
| + | 3. Using data to perform prediction is crucial | ||
| + | Understanding how to use the right tools to perform analysis on your data is important. A lot of companies have data but data is garbage if one does properly identify relevant analysis and tools to turn garbage into useful information. | ||
| + | |||
| + | MEMEBOX | ||
| + | I found it interesting that the CEO of MEMEBOX was a guy. His thoughts on how beauty could be better in another approach vs traditional approach of using beautiful looking models was what struck me the most (MEMEBOX used an ordinary girl next door as it’s spokesperson). However, I find MEMEBOX’s strategy in indexing every information available too extreme. This is especially so when he shared that employee work data is also being index. Personally, I felt it to be invasive and tend to suggest that the boss has a lack of trust in its employee. | ||
</div> | </div> | ||
</div> | </div> | ||
Revision as of 22:12, 28 April 2016
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| Day 2 |
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Contents
Day 3: Reflections
Seoul National University
Starting a business while a student requires endurance, passion and friends.
Park started Educast during his university studies at SNU and has been growing it ever since. He shared that he got the idea one fine day but got it to work with his engineering friends. This emphasized that having a circle of friends interested in starting up is pretty important in turning the ideas into reality. He had to compromise between grades by taking lesser modules and spend time growing the product. Combined with the high legal constraints in education, the motivation factor ultimately lies in believing in the product and the cause – making people succeed with you.
On a side note, I got to mingle with some of the SNU students and learnt that their curriculum structure (3 months semester, and 3 months break with an average of 5-6 modules per semester). Generally, I get the vibe that the students there possess a studious composure and a general want to attain knowledge.
Finotek
Passion > Technology
Kim Woo-Sup, CEO of Finotek’s philosophy to doing business is sincerity and trust. I thought this viewpoint is integral in building a great business. Behind this belief is passion for managing and growing employees. “the future will come at a time which we least expect”, he suggested one should have foresight through reading books and training the logical mind to anticipate the next wave of opportunities. This was how he and his team built a disruptive solution to the highly inefficient mortgage process which currently earns Finotek a total of 4.3bil won (S$515k) in capital. Lastly, this passion ultimately drives strong ambition which Finotek aims to IPO in NASDAQ and Aim in the near future. This is truly admirable.
BeNative
Build your territory in the market through sound market analysis and constant effort to find new ways to innovate.
Alan Moonsoo Kim, CEO and founder of BeNative – an English language education application, taught me that in order to be in the market, one must understand the competition and the right time to execute solutions. This is done through market analysis (i.e. porter’s 5 forces). I was personally inspired by his willingness in new learning and putting current trends in innovation to practice (i.e. he picked up data science course to apply analytics via deep learning in BeNative). I thought this is how a CEO should aim to be.
On a personal note, the company’s new application CashEnglish – application to learn English through games and rewards sparked an idea in me. I thought that a similar application could be developed to target the elementary school students through easy and fun way to learn by leveraging on Montessori concepts. See how.
Memebox
A data-driven culture promotes accurate decision-making and product success
Dino, CEO of Memebox constantly emphasized the importance of indexing the brand and the company. This means the company tracks everything, from product analytics to company employee status. This core competency of using data science allows Memebox to push new products out every week, which is an almost impossible task without a great amount of intelligent data analysis. This is surely a nugget for me as I prefer concrete and measurable goals and performance in management and will be a constant reminder of its importance.
Some other gleanings from the great guy: • Always willing to learn and staying foolish and hungry no matter how the business will change • Start small, start with friends • Visit Silicon Valley, be IN the culture of starting businesses • Learning how to handle explosive growth is also key in growth
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
SNU
Similair to SMU IIE but in a much larger scale, SNU too has their own incubation chambers. They follow 4 main process: Discover, incubating, accelerating and investing. A startup that spoke to us, Educast told us about his journey and experience for the start-up. Their goal was to distribute online resources to people. They made many mistakes such as hiring too many people at the start and its also hard to retain good staffs as many will want to go big companies upon graduation. The most important lesson from this session is that start-ups are demanding to our lives and we might have to might choices about it(delay graduation).
Finotek
Finotek focuses on trust and sincerity to deliver their solution to their customer. They are the platform that enable banks to do online verification on their customers in a seamless manner. 3 main takeaways, 1st is that forecasting the trend is extremely important. 2nd is endurance as you need to tide through the first stage of difficultities and overcome them. 3rd will be teamwork as working in a team with the same goal and passion, your goals will be achieved much quicker.
BeNative
The company SMATOOS founded BeNative on the basis of teaching business language to business people by business people. They do this by interviewing powerful people in powerful company and analysing words they used. BeNative is largely engaged by the Chinese government & many Korean organisations to educate and teach their members English language or Chinese. It is a paid service or a free service with advertisements. The biggest lesson I learnt is that superior sales is enough and product differentiation is not always necessary.
MEMEBOX
MEMEBOX aims to merge engineering with aesthetics biology by delivering cheap beauty products to their consumers with the help of popular bloggers and models. This company adopts an American style approach in managing the business as the words “San Francisco” was mentioned multiple times during his speech. Mobile is the main channel of income for the company. I learnt that there mainly 4 phases in a start-up. Firstly, making money. Secondly, serve or building a community. Thirdly, changing the industry and lastly, creating an impact on humanity.
SNU Seoul National University is the top university in Korea. Similar to SMU’s IIE, SNU has it own Seoul Technological Holdings that houses a variety of student start ups. Specifically, one of the success story belongs to Educast, an online education platform. As the private education industry in Korea is highly regulated, Educast had to adapt and work around with the strict legal enforcements. Another interesting point to note in Korea start ups is the emphasis placed on localizing. For instance, Google is not thriving as well as Naver in Korea despite being a global leader for search engine. Therefore, some start ups aim to and believe that it is sufficient to just be the local best.
Finotek Finotek develops loan mortgage mobile phone technologies for banks. They are relatively well funded and ambitious as they are planning to expand globally into the East Asian market within a short period of time. What impacted me the most was the CEO's speech as he emphasized greatly on sincerity and trust in all that we do in order to succeed in the long run.
BeNative BeNative is a language educational platform for businesses. They mainly focus on creating content for teaching English targeting East Asian countries. One unique feature of CashEnglish, their second application, is the use of gamification. Gamification has been proven to be an effective engagement tool if it is used strategically. Cash is used as rewards as well. Although the cash was generated using their advertisements, I feel that it would not be sustainable in the long run given that it would lose it attractiveness over time.
Memebox Memebox is an ecommerce platform for beauty products. From the sharing session, I learnt that change management is essential within the organization. Over time, new trends and opportunity arise and organization need to have the foresight as well as the right strategy to tackle new threats. The CEO saw the need to change from web platform to mobile platform as he saw most of the transactions took place on the mobile platform. Realizing that internal change was a challenge as employees are resistant to the new platform, he strictly enforced it by shutting down the web platform. Employees although were not used to the new platform eventually adapted. Hence as an undergrad who is about to enter workforce, I would constantly remind myself to be flexible and adaptable to constant changes.
Learning Points for SNU
- Compared to SMU, SNU has an entire building dedicated for entrepeurship and they do not limit students from a specific faculty
- Students are free to hire and fire outsiders, talent and their classmates for a fee
- Startups doing localization of an existing service can develop a niche in their home countries
Learning Points for Finotek
- If nobody understands my question, make it less complicated. I tried to give a context so the presenters could understand better, but it seems the language barrier is way too high.
- Apply the above the point to action - learn & do it!!!
Learning Points for BeNative
- BN started out by carving a new market for itself - in that way we get 100% market share! also, we have fresh opportunities given there is fresh market demand for it
- Company culture has to begin from the inception of the company
- Hierarchy, while existent, shouldn't take fun out of work
- Startups can rely on funding and extend their breakeven duration in order to build an awesome service
- Leaders should invest in continual learning of their employees - PHD, masters, etc - and also get avenues for staff to destress - punching bag & sound studio
- A strong backer gives the founder the freedom and leisure to let his ideas flourish - Dino had the success of his first company in his pocket and the money from the merger. He could be a serial entrepeneur.
- Key stakeholders have to move to new markets to place weight and emphasis on the importance when entering new markets.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Seoul National University It was one of the best visits so far apart from all the startups. We were brought around the engineering school and the students at SNU were very friendly and welcoming to us. Before the visit to engineering school, one of the students shared with us about his start up journey where he balance his school life and work life when he started his own start up when he was 20.His vision sense of achievement is that he is happy when he is able to help others to see that they are successful when they are with the startup company reaping the benefits of their fruit of labor.
Finotek
From the presentation from Finotek, the presentation that is gave my Finotek was very comprehensive. How Finotek is acting as a middle person by utilizing on technology to streamline and speed up the process of a 3 days’ workflow to a 30 minutes change instead. The CEO gave a speech which emphasizes how important it is to follow our passion. A small company which has a great vision trying to be a global market and wants to have plans to expand globally. The points mention by the CEO, Foresight and to have endurance is important whenever we do a work. This will thus keep us going to move forward towards our dream.
BeNative This was the second startup that is focusing on providing education towards the people. The whole idea of BeNative is a language app that allows people to learn how top business people perform their daily deals. They shared with us their future goals, such as the BeNative Global, XXXX app where it includes Gamification and incentives to entice people to use the app and play it. This is a form of 2 way deal where users would benefit from learning a new language and the company can gain from the number of downloads. I would love to see the launch of the app on the app store soon, as they promised us with a 1 year of free membership
Memebox Mr Dino shared about his journey and all his challenges he faced as the CEO of memebox. The 4 phases of a startup, (1) Make money,(2) Build a community, (3) changing the industry, (4) impact of humanity is the focus of a startup. He says that he Memebox values his employees first and then his customers. This approach compared to other companies is different; it’s the other way around. Furthermore, Mr Dino was a drop out of college but he is still a successful entrepreneur that is recognized by many investors world wide.In addition, Memebox is going to open in Sinapore next month and also other countries in the 4S. Looking forward to seeing Memebox in Singapore soon
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
8) Seoul National University (SNU)
"That's one small step for a man but one leap step for a startup"
I'm really glad to be able to visit SNU as it is one of the most prestigious school in Seoul. The incubation center's layout is interesting whereby the highest floor is for freshmen and the lowest floor is for seniors which imploes they are ready to exit soon.
One of the entrepreneurs shared about how SNU accepted his startup which is to distribute online courses to the public. To him, funding was not the hardest part but it was about hiring the right people to join him. We also had conversation with the engineering students to share about similarities and differences between Korea and Singapore .
9) Finotek
Philosophy : sincerity and trust
Fiontek (Finance Innovation and Technology) sees the emerging trend of online bank platform For the last 8 years, they spent more than $50 million dollars and they aim to be expand to other countries. The start-up’s app is able to shorten the time from 2-3 days to 30 minutes to get your mortgage loan done - One day mobile mortgage
-Conduct information based identity authentication to recognize real time dynamic information of the signature
-Anytime anywhere accessible robo counseling solutions through a natural language processing algorithm
It is evident that the fintech industry is growing very fast and I’m looking forward to seeing more fintech related startups that can cause a significant impact.
10) BeNative
Real global English from real global CEOs
Selected as in house education service for major Korean companies like lotte, Samsung and LG Idea started with the founder wanting to learn English - needs of founder Existing services could not provide global English provider Secured content from 300 American and 100 Chinese companies Begin with b2b strategy -> end up with a globalization strategy from b2c in the Asian market
Unique Selling Point (USP) - over 70% of BeNative's content cannot be found anywhere else
Learning method
1) real interview video
2) Lecture video
3) Exercise
4) Vocabulary
5) Test
Using video instead of from textbook, people can see the natural way of how an action is supposed to be done. Practices the 'reward based learning system' - Using the revenue earned from advertisement and reward the users
Sneak peak of new product – Cashenglish which is to learn English through games and earn rewards by playing English vocabulary puzzles and games. Puzzle game allow users to share their puzzles on social media and use booster items. They already have 300 professional video so if other companies want to copy them would require more than that which is hard therefore they are able to protect their market share
11) Memebox
Headquarter in Sanfranciso , Founded in 2012 feb
Operates in 5 countries
450 employees
The beauty industry is doing good but the founder believes there is structure to make it better 95% of transactions are done global Currently working with 1100 brands Plan to open 100 stories in Korea Choose to have a more sales oriented direction because they needed more money in order to do more things like build community and change industry
1) start a company to make money
2) observe and build community
3) change the industry
4) impact in humanities
- Launch a new product every Wednesday
- Focus on making the females more confident
- Opening in Singapore next month (YAY!) :)
- Should focus more on China because it is a very big market
SNU
- Strong school support for entrepreneurship within university.
- SNU student community are proactive in enhancing student life by having out of class activities.
EduCast's CEO is particularly insightful because we are able to relate to his story as an undergraduate entrepreneur. He shares the sincerity, energy and openness many CEO embodies.
SNU - STEM (SNU tomorrow's edge membership) visit is fun too as we got to enjoy interacting with smart local students.
Finotek
- Building technology for the future with passion, sincerity and endurance.
CEO kindly shared his wisdom from his extensive experience in various fields, on the importance of foresight, endurance and sincerity. Read for insight, logical thinking and bravely go forward when you found your calling.
BeNative
- Winning without fight (win-win), knowing your enemy (game theory) and setting up your territory.
- Speed of growth should not be limited, be ambitious.
A great experience liaising with a great company who is open to experience and learning. I learnt a great deal from the CEO's strategy in doing business and could sense his sincerity and embodiment of many Asian values. Such a warm office environment makes me feel inclined to work in a similar startup in the future. Finally their quality of their presentation reflects the company's competency and diversity in culture and fields.
Memebox
- Data-driven decision help make safe bets
I have great respect for the CEO who picked up his knowledge and skill through his experience himself. His story also inspires me to venture outside of Singapore and experience the silicon valley culture.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Seoul National University When a startup is young, do not make the mistake of hiring too many people, 3-4 people is enough. However, finding the right people who are self-motivated may be a challenge.
Finotek Finotek has taught me a few golden advices. Have endurance and to adopt a lifelong learning attitude.
BeNative Company culture is very important. Hiring talents based on attitude first before looking at skills is essential to having a great company culture. The employees there presented themselves really well and this exuded professionalism with a hint of fun.
Memebox TEAMWORK MAKES THE DREAM WORK. "Just do it" and "This is the safest plan you have now"
SNU In SNU, an entrepreneur shared that "having too many people doesn't mean the work done is better, workload will be lesser" I agree wholeheartedly and his company (Edu cast) is a good living example.
Finotek Two things to takeaway it is to have foresight for the future and endurance is important.
BeNative Flexibility is the key. Creating a comfortable company culture is important to ensure flexibility. The employees have reflected excellently on what the CEO has mentioned "attitude before skills"
Memebox Cosmetics is also loved by males. Dino has made so much money through cosmetics and he values employees more than customers. He is such a rare CEO! Even more rare than the beef that I just ate!
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
SNU I found the sharing session by Educast’s CEO very relatable. I was amazed and in awe of the facilities that SNU has as compared to universities back in Singapore. I like that the sharing was open and candid especially when he shared on how he took a leap of faith in taking a leave of absence from school and how he was willing to sacrifice grades for what he believed in. In addition, he was open in sharing his initial mistake of hiring too many people as he thought that it would complete the job faster.
Finotek Finotek is a fintech company that innovate finance with confidence and truth in a new market. I like how the CEO shared many important and useful advice that young entrepreneurs should have. For example, he emphasized that endurance is important and one would need passion in what he/she is doing. He mentioned that technology will eventually die and wane off but passion is enduring. He also shared 2 important take away points, 1. Always think about what you want to do and the services you can provide. 2. Foresight for the future. These advice are useful as the startup journey is one that is filled with many challenges and obstacles. Especially when we are at a younger phase in life, it is easier for us to call it quits and take up a stable and full time job. I also found Finotek business concept very well thought of and it was clear that Finotek has also establish clear goals for the future.
BeNative My 3 main take away points from BeNative is 1. It is important to know who your potential competitor. It is easy to identify current competition. However, business changes very fast and it is important that to also identify and be aware of who your potential competitor could be in the next few years. 2. Time is an important entity Everyone has 24 hours a day. How you are going to use it would eventually be crucial to the success of the company. 3. Using data to perform prediction is crucial Understanding how to use the right tools to perform analysis on your data is important. A lot of companies have data but data is garbage if one does properly identify relevant analysis and tools to turn garbage into useful information.
MEMEBOX I found it interesting that the CEO of MEMEBOX was a guy. His thoughts on how beauty could be better in another approach vs traditional approach of using beautiful looking models was what struck me the most (MEMEBOX used an ordinary girl next door as it’s spokesperson). However, I find MEMEBOX’s strategy in indexing every information available too extreme. This is especially so when he shared that employee work data is also being index. Personally, I felt it to be invasive and tend to suggest that the boss has a lack of trust in its employee.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus vel libero ut nunc iaculis aliquam id nec felis. Nulla cursus tristique sapien, in mattis diam euismod id. Sed non finibus tellus. Mauris lorem arcu, porta in rutrum sed, fringilla a quam. Vivamus scelerisque urna ac sem fringilla ornare. Morbi et ipsum nisi. Vestibulum viverra congue orci, vel imperdiet neque interdum et. Vestibulum ante neque, cursus vitae est in, maximus finibus mauris. Curabitur non libero a magna hendrerit porttitor. Donec dignissim id arcu et venenatis. Nullam ac ligula a lorem blandit consequat. Morbi non ligula non urna sagittis aliquet. Vivamus in erat massa. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
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