Entrepreneur??

So what actually is Entrepreneur ? This the question...

Businessman and Entrepreneur are not the same. There a slight different between this 2 meaning. However, their common goal of course is to make money.

There are a million ways to do that. Me myself did a few of those million ways.

I did a trading business on selling fashion clothes through online. Reason cause it save cost. However, is not really a business yet cause i did not register it. Is something like through an agent.

Besides that, my University convocation happen last week and i got to knew from my friend of this place selling cheap doll. I know this market is a bloom market since 2 years in Uni. So i ask my friends to join in together. Learn a lot within this 1 week. However, is just a short term business.

My real business is yet to shine is still under planning and is about to bloom in market about few more months. Can't wait for it. Is a blue ocean business where nobody did it before.

This is so far my Entrepreneur adventure. I hope to bloom more but facing short of capital. All it takes now is time and money.

Good Day. :)

P.S: Congrat to my seniors who had graduated.

"Graduation is just the beginning"

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Dream Business

I believe everyone do have their own dream on having their own business and also dream of what business they wanted to do. I myself do have it. In this post i hope to share with you all about my dream business that i hope to realize it one day. There is nothing impossible in this world. We need to work hard to get what we want.

So, what is my dream business ??

To own a McDonald Restaurant.

Yes, the world famous fast food chain. Most people will say: huh.

For me, i am inspire for McDonald's marketing style. They really press on quality and customer value. This do touch me a lot. Yes, is true i love McDonald but than it would be a fortune to able to own them.

To realise my this dream, i need gain a lot lot of capital. To starting own them roughly need around RM2million. That is the minimum also.

So i should start by having small business 1st.

I also want to introduce my new business that i just venture on few months ago.

I selling fashion clothes through online,

Hope you all can visit my website, highstreetgal.weebly.com/

Can visit this blog to get more products too, yiyibushelovely.blogspot.com/

Thanks and have a Good Day. :)

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Weakness

I believe everyone do have a weaknesses in their self. We can't avoid this but instead have to find way to overcome it. Many people do not admit they do have their weakness. Thinking is part of their self. Self confidence is very important, however we do need to know that not all accept this.

What my weaknesses ?

There are a few, but i only talk about the main. I have problem in communication. How come my communication is so bad ?? Is because i can't properly speak or understand my ethic language properly. This could be small thing for some people but in business world is a very big issue.

I just meet a company director that from Taiwan just a moment ago to discuss about suppling stock for my business. I can only understand 20% what he is saying. At last i being criticize for not being business minded enough and how to work together. Really disappointed but is not the end of it. There is always a solution in any problem. I faced this since i was in schooling time. Just during that time i do not take it seriously.

China is emerge to become the biggest market in the next 10 years. I am a Chinese, but i can't communicate with them. Look like i need to think of a solution for this but is never easy.

Wish everyone able to improve their weakness too.

Good Day. :)

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Real Estate Business

Hi,

Is been 2 weeks since i last post at here. Being busy with other things. I finally get a job as a Real Estate Negotiator at Hartamas Properties. The company is very big in Klang Valley. Hope i able to learn more during my working time in there.

People usually ask me, why i wanted to work so early. I have another half a year more to enter the working line. What the rush.

Well, my answer to them is for experience. I hope to find what i love to do for my career. I admit i in love with property. I hope to set up a development company in the future. This is just my 1st step to gain more knowledge on property. So anyone who have property to sell or wanted to look for property can contact me. :)

I next month will turn 21 and i still have another 4 years to archive my dream. Can i do it ?

Here a inspire video my Apple CEO, Steve job talking about his life journey. I admit is really inspiring and hope he can inspire you too.

Good Day. :)

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Magic of Mistakes

Seriously, who in here do not make mistakes in their life ? I bet everyone make mistakes. They would whine on how stupid they were thinking either to sit a time machine to reverse that mistakes. Well, today i would like to tell you all about how grateful you make that mistakes.

This theory i got from Rich Dad's theory. The educational people, do not make mistakes. The street people often make mistakes. So which do you prefer ??

Based on the answer given by Rich Dad. Yes. Make a lot mistakes as many as possible. Why ??

Learnt from your mistakes.

As example, when you were young and want to learn how to ride a bicycle. Normally most people would fall down. Yes, you are still learning and is normal for you to fall down. Remember the frustration you went through as you struggle to learn how to ride the bicycle. You make mistake after mistake. Then suddenly, you stop falling off, you begin to peddle the bike begins rolling, and then suddenly like magic. That is the magic found in mistakes.

Lets put some example, everyone should know who is Warren Buffet, the world richest guy. Beat Biill Gates few years back. He is a great investor and own Berkshire Hathaway, manufacture textile business. Back than, the business of the company gone down few years back and people speculate it would go bankrupt within a year. Warren Buffet have different opinion, he purchase more than half of the company share and become the owner the company. Back than, everyone know that what Warren Buffet did was his biggest mistake in his life. His plan is to bring back the business in U.S but eventually textile business in the country are all moving out and is a trend that not even Warren can control. However, inside the company failure he able to turn around into a new industry and today Berkshire Hathaway is one of the most expensive share in the market.

There are many more example but i put the famous Warren Buffet so it can be a inspiration to everyone. Mistakes can be look by many view, it can be bad or can be good. Is all depend on YOU.

Good Day. :)

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Blue Ocean Strategy

Hello my fellow reader, is been a while since i last post. Currently lack of idea on what i should write. This idea came around when i was thinking on how to expand my business( have not launch yet) recently. Every time when you about to set a new business there are always million of strategy or way to do your business. One of the best and now most people are talking are the Blue Ocean Strategy.

So what is this concept really about ? The true is, the title of blue ocean strategy is actually a book written by W. Chan Kim and Renée Mauborgne. So what is this book really about ?

Here is a brief summary about the book,

The book is divided into three parts:

The first part presents key concepts of blue ocean strategy, including Value Innovation, the simultaneous pursuit of differentiation and low cost, and key analytical tools and frameworks such as the strategy canvas, the four actions framework and the eliminate-reduce-raise-create grid.

The second part describes the four principles of blue ocean strategy formulation: how to create uncontested market space by reconstructing market boundaries, focusing on the big picture, reaching beyond existing demand and getting the strategic sequence right. These four formulation principles address how an organization can create blue oceans by looking across the six conventional boundaries of competition (Six Paths Framework), reduce their planning risk by following the four steps of visualizing strategy, create new demand by unlocking the three tiers of noncustomers and launch a commercially-viable blue ocean idea by aligning unprecedented utility of an offering with strategic pricing and target costing and by overcoming adoption hurdles. The book uses many examples across industries to demonstrate how to break out of traditional competitive (structuralist) strategic thinking and to grow demand and profits for the company and the industry by using blue ocean (reconstructionist) strategic thinking.

The third and final part describes the two key implementation principles of blue ocean strategy including tipping point leadership and fair process. These implementation principles are essential for leaders to overcome the four key organizational hurdles that can prevent even the best strategies from being executed. The four key hurdles comprise the cognitive, resource, motivational and political hurdles that prevent people involved in strategy execution from understanding the need to break from status quo, finding the resources to implement the new strategic shift, keeping your people committed to implementing the new strategy, and from overcoming the powerful vested interests that may block the change.

So is really a interesting theory indeed. I haven't purchase the book yet but look forward of having one. If anyone have it, hope can lend it to me.

Good Day. :)

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Coffee shop Business

COFFEE SHOP


Simple yet nice.

Who would actually think of it. Almost half of Malaysia love Coffee. We can see the rising of coffee shop business in the country. Remember the old time when there is only a kopitiam business. Old table, with old chair, the cup is like antique cup. That the old good day, there have kaya toast bread and perfect spot for breakfast.

However, day have change. There are a lot coffee shop such as old town, papa rich, station 1, starbuck, coffee bean and many more but the thing is the price is like triple from the old day. By making it more high class and make the coffee look interesting but actually is the same. This is the evolution of coffee shop in this country. Although there are still old timer coffee shop in outskirt of the town but only few in town area.

Even so, coffee shop business is a very good good business. Malaysian usually go these place to hang out, have breakfast, chit chat, online, reading book, and many more. If i had the chance i will do my own coffee shop myself. Just wait 1 day of course.

Other products besides coffee.

So here is a few steps i found online doing some research and more if you want to set up your own coffee shop :

Start with a Business Plan for the Coffee House

1. Every new business should consider making a business plan, which is a report that shows everything possible about the planned business, including start up busness financing, and how it will operate.
2. Potential coffee shop business owners can look online, at the library, or at a book vendor for information on making a formal business plan.
3. A business plan includes everything about the business, including location (perhaps the most important decision), city regulations, start-up costs, an advertising plan, hourly cost of doing business (overhead), top income possible (considering customer seating, employees, etc.), and such.
4. A business plan may be necessary for business financing with a bank loan, city approval, etc., as well as acting as a “map” for running the coffee business in the future.

Business Advice from a Coffee House Owner

1. Talk to your city and find out about impact fees, regulations, and permit obligations.
2. Be in love with your product; get the best product you can get.
3. Know your customers; know their wants and needs and the demographics of the clientele you will be serving.
4. Be involved in your community; support the local sports programs with fundraiser advertising, for instance.

I love this design... people really will attract to it.

What Customers Like in a Local Coffee Shop

According to customers, some reasons for the popularity of this particular coffee house are:

1. Friendly small-town service
2. Good drinks and food
3. Fun and funky atmosphere set in an old house
4. Good location in the center of town
5. Pleasant mix of background music
6. Outside seating for sunny days
7. Frequent customer reward stamp-cards
8. Comfortable seating
9. Free Wi-Fi for getting work and emailing accomplished

Other Things to Think About Before Starting One's Own Small Business

1. Owning a business is often more work than it is glamorous.
2. Expect to put in a lot of hours to get a business running, especially in the first year.
3. Consider finances carefully. Permits cost money. Machinery breaks. Employees quit.
4. Most new small businesses fail in the first year. Have a back-up plan or two, especially business financing.
5. Rejoice at small steps like the first dollar earned, the first month making a profit, and the one-hundredth customer. These memories will help get through difficulties.Instant success is rare. Owners need tough skins and a can-do attitude.

This design is Starbuck in USA. Really nice and costly right ? That why their coffee is so expensive but yet people still go there.

So here is the plan i found in the internet. Anyone have more idea can share with me. Or if anyone also have the passion to do this business also can come and share your idea. The more the merrier. That the end of my topic, hope you enjoy.

Good Day. :)

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