Today we share a profound article by our Mentor Mr Patrick Liew. His past experience fueled his drive for success and took him to greater heights. Instead of letting his bad experiences get to him. He refocused his energy to better himself and to propel forward. While reading this, you may want to ask yourself, what is motivating me to ... Read More »
Breakdown Description Company Name Rug Addict Why We Like It We love the product, but frankly its the personal touch that has us bowled over.Customer is really King(well at least Royalty) for the guys Rug Addict. The packaging of the rug mouse pad is innovative and very personalized. Makes it very exciting to receive and open it. Customers are addressed ... Read More »
ypically, the exit strategy is not covered as a section by itself in the business plan. It may be subsumed within the financial section. However, the exit strategy is important especially to investors who are concerned with the amount of potential returns and when these returns can be withdrawn from the company. These are the two key aspects which need ... Read More »
sk any entrepreneur about his journey and you will realize that it is never any easy one. The life of an entrepreneur may be fraught with challenges and uncertainties, which are expected of start-ups that are trying to establish themselves and grow. This may be exacerbated if the entrepreneur lacks the passion to sustain his efforts in starting up. So ... Read More »
I am sure everyone is familiar with the saying: “every cloud has a silver lining.” But when faced with an adversity, we often forget that there is an opportunity embedded in every adversity. What distinguishes entrepreneurs from the rest is their ability to transform an adversity into an opportunity to enhance their businesses. When I discuss entrepreneurship, I focus on ... Read More »
Now that you know the importance of risk factors and contingency planning as covered in Sci0032, here are some of the important risks you should include in your business plan: Market Risk-This includes uncontrollable factors that can influence the market and the ability of the business to respond to the market. Such volatility in the market through changing value of ... Read More »
While passion is widely recognized as the key to success in every field and career, the role of passion in entrepreneurship is amplified. Passion provides motivation and the impetus to move forward which is crucial in entrepreneurship where individuals are self-starters. Without passion, entrepreneurs cannot be successful in making significant contributions to society. Even if there is initial success, they ... Read More »
The greatest challenge faced by most entrepreneurs is funding their start-up and growth. I faced tremendous challenges when I started my first 2 companies. For UTAC (which is a semiconductor technology and manufacturing company), I could not find any investors in Singapore and managed to get most of my funding from Taiwan. For Tri Star (an Electronics distribution business), I ... Read More »
Breakdown Description Company Name Bhumiputra Website http://www.bhumi-putra.com Problem Sustainable development has been the talk of the town. Yet many are unsure how to go about achieving this. Construction may be resource and capital intensive, making modernization and urbanization a privilege that only the developed societies are entitled to. Poorer countries are falling through the cracks due to their lack of ... Read More »
This week we will take a look at how the intrinsic risk factors can make things exceedingly hard for an entrepreneur to handle. In addition, we will determine why contingency plans are so crucial to success and how they come to an entrepreneur’s rescue. Let’s get started. Entrepreneurs are often called gamblers and this is somewhat true. They are risk-seeking ... Read More »
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