1415T2g1 South Korea/Participant Information/Chan Qian Ru
Name: Chan Qian Ru
Email: qianru.chan.2012@sis.smu.edu.sg
Facebook: https://www.facebook.com/qianru.here
Academic Year: 2012
Primary Degree: Information Systems Management
Second Major: ABT(Information Security and Assurance)
Hobbies and CCA Interests: I joined Taekwondo Club when I was in JC. Currently, I am in SMU Squash Club and BP Mentoring.
My first motivation is that this is a short project so I am determined to give my best for it until the end! My aim is to maximize my experience in S.Korea during those few days.
Because like Singapore, it is a vibrant city where people enjoy a high quality of life.
Also, I like the Korean culture - the people are respectful, they have a rich historical culture and the weather will be good:)
Currently, I am very interested in the security operations in technological companies like SamSung!
Also, I am inspired by start-ups companies like
1. Food Industry - for start-ups in Korea
(Do you know? Food delivery is very common in S. Korea. Unlike in Singapore where everything is within a ten-minutes walk to the nearest shopping center, the late night snacks in Korea may be a 10-20 minutes drive from the office/home. So there is a great potential in this area! I'm thinking of a business model like FoodPanda.)
2. Education
Because education is so important in Singapore = huge demand.
Also, in future, I want to start up a school business (something like a School of Thought) where people can get skills for free and pay the kind gesture forward. Idea: Students who receive our free education have to pay it back by tutoring other students for an amount of time. The kind of education they receive will be very practical, like how to create and design a website, how to develop an application, and other cool things we learn in SIS.
One day after a hot and tiring squash training, my friends and I were talking about the lack of vending machines near the squash courts. Someone mentioned she craved for bubble tea. Another talked about how there was a recent spike in vending machines around school ("Did you check out the new sandwich machine near Library? So cool!")
So as we chatted along, we thought of a simple business plan: A vending machine that produces bubble tea milk. Catered to SMU students!
The above scenario did actually happen earlier this year, although our thoughts remained a mere idea.
However, I feel that since almost everything is automated now, wouldn't it be profitable to start a vending machine service that provides easily perishable food that people traditionally would think that they have to buy from a real shop? We have to overcome the notion that vending machine food = "not fresh", "not healthy".
Examples of perishable food that are (still) trending in Singapore:
- Bubble Tea
- Yogurt Ice Cream
- Sushi
To maintain the freshness level, we will top up the vending machines with fresh ingredients every morning (pearl, yougurt, fish) everyday and maintain a cool temperature for the machines. Other ingredients in the machine will be stored separately and combined only upon an order (bubble tea ingredients in powdered form etc.)
I learn that to make a profitable business, the start-up cost have to be low. In my case, I do not need a physical shop since the vending machines would be located in my client's buildings and I just have to afford the ingredients of the food items. To make a profit, the prices have to be higher (eg. $3.90 for bubble tea and $5 for yogurt ice cream) and the client buildings have to be further away from shopping areas/stores that compete with my business directly) so that there is a good demand for my products.
I have never been to S.Korea. Not even close. This is why, if I am selected for the TSM, I would be very excited to contribute to the course:D
I have a basic literacy level in Korean Language. Although my Hangul vocabulary is limited, I am able to recognize and read the words (and hold a short conversation).
