This week I actually have two meeting with my group members for two subjects on Tuesday, 28 July. But when I was finished my class on Sunday, 26 July, our university suddenly needed to close for one week, because of H1N1 that occur in our university. So our meeting needs to cancel because they were went to their home. Most of my friends were gone to their home after received the news that they cannot go out from university after 8.00pm. But after that, I knew that was rumor, we can went home at tomorrow. However, I still stay at my hostel because of my hometown was at Sarawak.
I had accomplished the note that needed to do on the holiday. Besides that, I also sent the proposal that I done to my group leader of IT Entrepreneurship through the e-mail. I hope that she can understand the thing that I want to explain. Cause of this one week holidays, I afraid that, we need to rush to finish our assignment. It is because, so many assignment and quiz that we need to handle in one week. I afraid there were no many time to finish it.
For this week, I had learned about business plan that need to do when we want to do a business. Business plan is a written narrative, it typically 25 to 35 pages long, that describes what a new business plans to accomplish. Besides that, the business plan also is a dual-purpose document that used in both inside and outside the firm. There are two primary audiences for a firm’s business plan, one of the audience is firm’s employees, will another one is investors and other external stakeholders.
The first guideline for writing business plan is structure of the business plan. To make the best impression, business plan should follow a conventional structure, such as the outline for the business plan. There are many software packages available that employ an interactive, menu-driven approach to assist in the writing of a business plan. We also need the sense of excitement that along with facts and figures. Business plan needs to project a sense of anticipation and excitement about the possibilities that surround a new venture. The second guideline for writing a business plan is content of the business plan; the business plan should have clear and concise information on all the important aspects of the proposed venture. There are three types of business plan, which are summary business plan, full business plan, and operational business plan.
In an investor presentation, it must include the ten power point slides, such as title slide, problem, solution, business model, management team, industry and target market, competition, intellectual property, financial projections, and current status, amount of money requested, and projected use of funds.
Friday, 31 July 2009
Student Weekly Blog Report (2)
This week I will do the note for IT Entrepreneurship. Besides that, I also have the meeting with my group, for discuss the four application that based on theme for business ideas proposal.
I had accomplished the two reports that need to do, after I went to the workshop that presented by Dr. Ahmad Affendi Shabdin and Dr.Siti Jamilah Bidin. I also had put my picture to my blog, and dispose a little bit for the blog.
My most concern thing was the proposal that need to do. I had done the proposal; it is about education and lesson to people from the animation. The theme of the proposal is One Malaysia. Besides that, I also concern to the report that I done after listened the workshop, because I didn’t used any format to write the report. I just wrote the report like writing normal essay.
At the end of week reflections, I learned about creativity, the business idea, and opportunity analysis. There are many sources of new idea such as consumers, the informal monitoring of potential ideas and needs; we can analysis uncovers ways to improve offerings that may result in a new product or services from the existing products and services; and distribution channels that help market to newly the developed products. Besides that, federal government and research and development also are sources of new ideas.
There are three methods of generating new ideas. Focus group is the one of the idea. Focus groups mean that moderator focuses discussion of the group in a directive or nondirective manner. Brainstorming and problem inventory analyses are another two of new ideas. Brainstorming is the method that allows people to be stimulated to greater creativity, while for the problem inventory analysis, it like the analogous to focus groups and can be used to test a new product idea.
I also learned that creativity is an important attribute of a successful entrepreneur, and it is tend to decline with age, education, lack of use and bureaucracy. There are many type of creative problem solving techniques. For the example, brainstorming is used in creative problem solving and idea generation; reserve brainstorming is a group of method for obtaining new ideas focusing on the negative; brainwriting is the form of written brainstorming; and Gordon method is for developing new ideas when the individuals are unaware of the problem.
For the market and opportunity to do the business, we need to address the size and the characteristics of the market. Market data should be collected for at least three years. Besides that, it can be done through gathering as mush secondary data as possible. Entrepreneur can determine if the market is large enough and suitable to warrant time or not to enter the market. Entrepreneur and the entrepreneurial team need to be assessed at least one person on the team needs to have experience in the industry area of the new idea.
I had accomplished the two reports that need to do, after I went to the workshop that presented by Dr. Ahmad Affendi Shabdin and Dr.Siti Jamilah Bidin. I also had put my picture to my blog, and dispose a little bit for the blog.
My most concern thing was the proposal that need to do. I had done the proposal; it is about education and lesson to people from the animation. The theme of the proposal is One Malaysia. Besides that, I also concern to the report that I done after listened the workshop, because I didn’t used any format to write the report. I just wrote the report like writing normal essay.
At the end of week reflections, I learned about creativity, the business idea, and opportunity analysis. There are many sources of new idea such as consumers, the informal monitoring of potential ideas and needs; we can analysis uncovers ways to improve offerings that may result in a new product or services from the existing products and services; and distribution channels that help market to newly the developed products. Besides that, federal government and research and development also are sources of new ideas.
There are three methods of generating new ideas. Focus group is the one of the idea. Focus groups mean that moderator focuses discussion of the group in a directive or nondirective manner. Brainstorming and problem inventory analyses are another two of new ideas. Brainstorming is the method that allows people to be stimulated to greater creativity, while for the problem inventory analysis, it like the analogous to focus groups and can be used to test a new product idea.
I also learned that creativity is an important attribute of a successful entrepreneur, and it is tend to decline with age, education, lack of use and bureaucracy. There are many type of creative problem solving techniques. For the example, brainstorming is used in creative problem solving and idea generation; reserve brainstorming is a group of method for obtaining new ideas focusing on the negative; brainwriting is the form of written brainstorming; and Gordon method is for developing new ideas when the individuals are unaware of the problem.
For the market and opportunity to do the business, we need to address the size and the characteristics of the market. Market data should be collected for at least three years. Besides that, it can be done through gathering as mush secondary data as possible. Entrepreneur can determine if the market is large enough and suitable to warrant time or not to enter the market. Entrepreneur and the entrepreneurial team need to be assessed at least one person on the team needs to have experience in the industry area of the new idea.
Wednesday, 22 July 2009
Student Weekly Blog Report
This week, I would like to do my report. I had gone to the study skills workshops planner for first semester session 2009/2010. For this, I will write the report about the knowledge that I get from the facilitator. Besides that, I also will design my blog and put something information to my blog, so that my lecturer and friends will know more about me.
I had gone to listen the workshop, which was presented by Dr.Ahmad Affendi Shabdin, at PSB Auditorium, on 14 July. It was about presentation skills. After that, I continue to listen the workshop by Dr.Siti Jamilah Bidin, it was about How to Use Good Grammar in Spoken and Written Academic Texts.
My most important concerns are my assignment and group project. Every new semester, there was away having many assignment and group project to do. I very afraid that I can’t tackle so must things to do, but I still try doing my best. I think that, there is nothing impossible.
I had learned the meaning of entrepreneurship in the lecture. I learn that, entrepreneurship is the process of creating something new and it also take risks. When entrepreneur successful in their project, they will get reward. Before being entrepreneur, they must have four aspects. Those are creation process, require devotion of time and effort, rewards of being an entrepreneur, and require assumption of necessary risks. Besides that, people want to become an entrepreneur because they desire to become their own boss, pursue their own ideas, and financial reward. But to become the successful entrepreneur, they must away passion for the business, tenacity despite failure, take attention to product or customer focus, and execution intelligence.
I also learned make meaning from the video that show by lecturer. From the video; I learned that, there are three key to start the organization. We must increase the quality life, right a wrong, and prevent the end of something good. We need to comprehend the right from the wrong. So we can improve the quality of the organization. Besides that, I also told by my lecturer that, we can’t only know the way to earn the money. We also must help the person that needs our help, like donate the money to the old folk, orphanage, and etc. I think that it is good to help person than earn many money to buy things that not very important. We can earn again our money when it is not enough, but we can’t buy life with money.
I had gone to listen the workshop, which was presented by Dr.Ahmad Affendi Shabdin, at PSB Auditorium, on 14 July. It was about presentation skills. After that, I continue to listen the workshop by Dr.Siti Jamilah Bidin, it was about How to Use Good Grammar in Spoken and Written Academic Texts.
My most important concerns are my assignment and group project. Every new semester, there was away having many assignment and group project to do. I very afraid that I can’t tackle so must things to do, but I still try doing my best. I think that, there is nothing impossible.
I had learned the meaning of entrepreneurship in the lecture. I learn that, entrepreneurship is the process of creating something new and it also take risks. When entrepreneur successful in their project, they will get reward. Before being entrepreneur, they must have four aspects. Those are creation process, require devotion of time and effort, rewards of being an entrepreneur, and require assumption of necessary risks. Besides that, people want to become an entrepreneur because they desire to become their own boss, pursue their own ideas, and financial reward. But to become the successful entrepreneur, they must away passion for the business, tenacity despite failure, take attention to product or customer focus, and execution intelligence.
I also learned make meaning from the video that show by lecturer. From the video; I learned that, there are three key to start the organization. We must increase the quality life, right a wrong, and prevent the end of something good. We need to comprehend the right from the wrong. So we can improve the quality of the organization. Besides that, I also told by my lecturer that, we can’t only know the way to earn the money. We also must help the person that needs our help, like donate the money to the old folk, orphanage, and etc. I think that it is good to help person than earn many money to buy things that not very important. We can earn again our money when it is not enough, but we can’t buy life with money.
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