1415T2g1 South Korea/Reflection/day5
South Korea
Day 2 |
Contents
Day 5: Reflections
Seoul Topis
Seoul Topis is an integrated transport information and service system for South Korea and we had the rare opportunity to sit in a boardroom that foreign dignitaries use to discuss about policies and ways to improve transportation in many countries. From the visit, I have picked up some advice that can also be applied in starting up a business.
- Make it human-oriented, user-friendly, and eco-friendly.
- There are always alternative ways for improvement. For example, Seoul Topis realised that building infrastructure was not an effective way to solve the problem of traffic congestion. Hence, they put their focus into managing traffic congestion.
Auctionary
Auctionary is a crowd sourced translation platform and from the founder, I've learnt 3 things.
- Start with a small market and then slowly expand your target market
- Market research and knowing your competitors is important
- Always look for people who can value add to your business
Korbit
Tony from Korbit shared with us that his first startup didn't go well and he realised that 5 other companies had the same idea as him. From this, I've learnt that if we should be open to accept failure and embrace failure as a learning opportunity.
With this, I wrap up my 5 days of learning from 18 companies !