MGMT324 - TERM 2013 - CHAYADI KARIM

by Chayadi Karim
(Singapore)


I had little or no expections when I first applied for the course. However, as the weeks progressed, I started to learn more about the challenges and requirements to start a business, as well as the importance of having a cohesive team in the initial stages of the business.

I am fortunate to have gone through the course with a great team and a great mentor, increasing my knowledge of the local entrepreneurship scene. In fact, through this course, I feel that I can finally fulfill my dream of setting up my own business.

Of all the topics that were taught, I felt that the topic on Financial Statements and Funding were the most interesting and relevant for any entrepreneur. Through the course, I learnt about the importance of financial figures and also how to make attractive, yet realistic, financial projections for the company. Furthermore, the topic on funding taught me on how to ask for funding as well as the many sources of funding. Also, I learnt about the different stages in funding, which has more technical implications and concepts that I initially thought.

The course also taught me on the importance of having a strong team even before the launch of the business. I am fortunate to have a bonded and cohesive team, where everyone is serious when needed yet casual with one another. The activities and assignments in the course also play a part in bringing our team closer together, with the presentations and writing out of our company's business plan.

All in all, I felt that this course was a truly enjoyable experience, more so than what I had thought of initially. I felt that I managed to achieve more than what I wanted to initially, having had little expectations at the start. The lessons learnt and experiences through this course will definitely be of use to me in my future endeavours.

Comments for MGMT324 - TERM 2013 - CHAYADI KARIM

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Apr 12, 2013
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Great Job NEW
by: Anonymous

Hey Chayadi...I really feel that there is potential for your business idea...Keep up the good job and I wish you and your team good luck in pursuing your dreams :D

Apr 12, 2013
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:) NEW
by: Diana Teo

i really love the business idea elastic! thank you for showing us a simple yet elegant business idea. =)

Apr 09, 2013
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Great job! NEW
by: Jiaming

Hi,

I like how your team managed to find a gap in a customer's needs and build on that to create your own brand of solution! I hope it was a fun process for you guys.

I also agree with the financial portion. Everything boils down to money and without a healthy cash-flow, it will be hard for a company to survive. Knowing, managing the financials well before a company run into a trouble is probably safer than building a company without the financials knowhow.


Apr 07, 2013
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All the best!! NEW
by: Karl Mak

Thanks for being a responsible and fun group mate, glad you had fun and hope that your tennis business will take off! Hope you will begin your entrepreneurial journey with TE!!


Apr 07, 2013
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Teammates NEW
by: Anonymous

Hey Chayadi! During our work together in the team, you never failed to cheer us up during a project meeting. It was a pleasure working alongside with you and I would enjoy working with you on a future project as well.

Apr 07, 2013
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Importance of Financials NEW
by: Zhen Yi

Hey Chayadi, I totally agree with you that the financials of the company is extremely important. Because of the negligence of this aspect of business, many businesses tend to fail and crumble and cannot survive the first few years of establishments. Things such as how much the product should be priced and how much revenue to expect in a quarter or even a year should be thought through carefully. I have a friend that is also taking a entrepreneurship module that is similar to TE and she had acknowledged that due to incorrect pricing of the product her company is selling, they are suffering from the after effects of their mistake. It is also difficult to amend the situation as a change in prices would definitely cause unhappiness to their customer base. Thus, financials of the company is definitely something to be well thought through before the business is established!

Apr 06, 2013
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Hello 'DA' NEW
by: Jayrius

Hey funny guy,

I thoroughly enjoyed working with you. You bring so much laughter, antics and resources to the team. I remember you pestering me on how to explain the insurance portion of the finances in the business plan. Thank you for your cheerful outlook in life, I think entrepreneurship teams always need a teammate like you to lighten the mood when the going gets tough.

Best of luck in school, take it easy man. Cya in the outside world.

Apr 05, 2013
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Agree with Financials and Fundings NEW
by: He Zongyi

Thank you for your article!

I agree that the financials and fundings are the most interesting and relevant part of the EBC course.

As an Accountant, I realise the importance of accounting even in entrepreneurial businsses because numbers are really important! I was also incharge of the financials of my group's business idea and from here, I realise that actually, the most important accounting course in my entire 4 Years in SMU, is actually Financial Accounting 101, because it touches all the basics of core concepts that is applicable to every company out there.

Apr 05, 2013
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Great Potential NEW
by: Koi

Hi Chayadi,

I like you business idea very much. I think there's a huge potential to expand Elastic into other target market. All the best and I hope to sell an unused ticket through your Elastic one day.

Cheers,
Koi

Apr 05, 2013
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Could not have said it better NEW
by: Louis-Clément Schiltz

Hi Karim,

Thank you for sharing with us. I agree with your testimonial regarding the valuation of the start up. If this course teached me one thing is that it is crucial to believe in your business and fight hard for it.

Glad you had a great team so as I did, it is crucial to success !

Cheers,

LC

Apr 05, 2013
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Great expectations NEW
by: Syazlina

In a way i suppose i had quite a similar learning curve - I too entered the class with little expectations (how do you actually teach someone to be entrepreneurial, right?). Yet, it's great to hear that you learnt so much and i have to agree that it's a useful path towards having your own business! Best wishes for that and perhaps one day you could be one of thise guest speakers that Prof Pam calls back! (:

Apr 05, 2013
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Agreed NEW
by: Terence Chua

Hi Chayadi, I agree with you. In my view, one of the most common errors entrepreneurs make is in valuing their company. They might have a wonderful idea/concept but because they get their valuations wrong, they encounter extreme difficulty in sourcing for funding. All the best!

Apr 05, 2013
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Importance of financial statements and funding NEW
by: Shreeya Pillai

I too found the topic on Financial statements and funding to be interesting and the most useful. Coming from a social science background, I had never taken a finance related module before. Hence I found the class to be a great eye opener and great introduction into in the importance of and how to make financial projections for companies.

Apr 05, 2013
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Comments NEW
by: Anonymous

I might have to disagree with your opinion on Financial Statements being very interesting because I absolutely can't deal with numbers to save my life. It was definitely due to the help of my fantastic group members who had finance background who helped me on that area. Really thankful!

Apr 05, 2013
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Elastic NEW
by: Xin Ni

Hey Chayadi

that's right! group dynamics is important! and you have a great team! haha I also agree that one must have very realistic expectations of the business! Hope the course helped you to expand and improve your racket business!

Apr 04, 2013
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Strong team NEW
by: Thanh

Definitely agreed with you that strong team is a must for a successful business. I was really impressed by your team's work man! Well done!

Apr 04, 2013
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Welldone! NEW
by: Fabian Ng

I agree about having a strong team! And more importantly, a team that is equally passionate about the business idea as you are ;) I think you guys deserve a round of applause!

Apr 04, 2013
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Way to go chayadi NEW
by: ANDRE

Chayadi, you're indeed a fun group member to work with. Financials can be such a headache, thanks so much for taking it up :) May you do well in your business and life! Keep in touch man.

Apr 03, 2013
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Elastic NEW
by: LiYing

Thanks for sharing Chayadi- I had fun learning to project cash flows & planning the financial statements of my start-up too!

Here's to the financiers!

Apr 03, 2013
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All the best! NEW
by: Baona

Hey Chayadi! Indeed, i feel so happy for you as well to have a great team to work with. That really enhances the experience isn't it! All the best and looking forward to hear of your business in time to come! :)

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hi Chayadi, thanks for sharing! I also share the belief that teamwork is key in the success of an entrepreneurial group. As activities and decisions are done as a team, synergy and consensus are crucial for the processes in a team. Cheers!

Apr 03, 2013
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Teamwork is the key NEW
by: Thomas

I agree with you that the course taught me the importance of having a strong team. The key to a successful business is the team behind it.

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MGMT 324 - Spring 2013 - Prajoth Pattamatta

by Prajoth Pattamatta
(Singapore)

I was forced to be the cameraman in this picture!

I was forced to be the cameraman in this picture!

My entrepreneur journey as the CTO of Elastic has been an eye-opening experience that has allowed me to get real world experience into developing the platform behind an e-commerce event startup.

Going into the project, I had the sufficient background knowledge and vision about what I wanted the website to look like, both from a business perspective and a technical one. However, as I started creating the first few mockups and prototypes, I started to truly understand the complexity behind turning a vision into an actual product. When creating a platform that many users will use and interact with, one of the most critical features of the website is the user interface and ease of use. This was something that I had very little prior experience in, and my work for Elastic has definitely taught me the intricacies in developing this kind of product. My programming background had been in iPhone application development, where the majority of the backend support is provided by Apple’s platform itself. Elastic, being primarily a web interface, has drastically improved my knowledge in building a platform that is capable of handling thousands of users seamlessly. The majority of the work that I have done for Elastic is not apparent to the end user, but the backend development, database integration and have been developed extensively to provide an optimal website experience to the user, while preparing for rapid growth and usage spikes without any outages.

From a business perspective, being the CTO of Elastic has really taught me the importance of version control in our website. As a developer, I want to create the best product that implements all the features I can think of. However, it is more important to develop a product that ties into the vision of the company, which means that certain features have to be timed for release along with a marketing campaign, while some features have to be implemented first just for beta release. This has honed my skills of creating real-world products and the subsequent efforts I will put into the company will add great perspective into being an integral member of a startup.

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Apr 07, 2013
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All the best! NEW
by: Karl Mak

Hey PJ!

Thanks for being a great exchange group mate. I believe your skills will take you very far, keep us posted on your start up ventures and let's meet in silicon valley one day!


Apr 07, 2013
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Webby time NEW
by: Anonymous

Hey there PJ! I loved the way you had with the website design and it was a blast working with you. Your easygoing self never failed to make me laugh and I really enjoyed the whole team bonding sessions with you. All the best for your future endeavors and come back soon!

Apr 06, 2013
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The Website Guru NEW
by: Jayrius

Hey PJ my man!

Thank you for your technical expertise, and I'm glad you enjoyed working with everyone in our team. Thank you for creating the website even though your laptop crashed and the webmaster decided to reboot the server. Without you our website would not have gone live.

Enjoy your internship, best of luck and hope to see you soon.

Apr 05, 2013
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Great job buddy NEW
by: Louis-Clément

Hey PJ,

It is very interesting to read your journal. I did not know that you had programming experience in App and website. I was also the one in charge of setting up our website. I guess it's a student exchange thing ;)
What you mentioned about the back office is indeed crucial.
After Bondue and KL, I wish you all the best for the future !

Apr 05, 2013
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Elastic NEW
by: Xin Ni

Hey PJ
For an exchange student, you sure put it a hell lot of effort! I think we were all pretty clueless on setting up a website and luckily, we had you! Enjoy your last few weeks in SG!

Apr 05, 2013
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Elastic NEW
by: Anonymous

Hey PJ
For an exchange student, you sure put it a hell lot of effort! I think we were all pretty clueless on setting up a website and luckily, we had you! Enjoy your last few weeks in SG!

Apr 04, 2013
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5STARS! NEW
by: Fabian Ng

Wow i second Andre's opinion! You're really too skinny! Okay, side track. But i think you have been really consistent in terms of your comments in class and bring your business to another level! Well done! :D

Apr 04, 2013
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Thanks CTO! NEW
by: Andre

Hey PJ, thanks for your work in our group. Sure you met some glitches and sent the whole group into panic mode. Thanks for solving the technical aspects of our project.

Hope you had enjoyed your stint here in Singapore. You're too skinny btw, please eat more ;)

Apr 03, 2013
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Elastic NEW
by: LiYing

Thanks for sharing Prajoth!

Having designed basic websites and mobile apps using software, I think that developers deserve credit for the sheer programming needed to build actual platforms.

Kudos & all the best in your future endeavours

Apr 03, 2013
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Interesting insights (: NEW
by: Baona

Hi! It's so refreshing to hear of the insights of a techie! I guess many people would assume that IS people all do coding and know all the coding languages and I only realise much later that it takes much initiative on their part to master what's beyond class. You've a valuable skill with you that will be an asset to startups in the future! :D

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hey PJ! Thanks for sharing. I thought your business idea and the actual concept was really viable and the enthusiasm you guys have for the project is commendable! My group also faced issues regarding the website as it was much more complex than we had expected but I think our groups pulled through with a functional end-product! Anyway, great presentation today and all the best! Cheers

Apr 03, 2013
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Awesome business! NEW
by: Thomas

Hey PJ,

Looks like you had a great time in the TE course. I thought your presentation was great today and I hope you guys continue with your idea!

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TE-2012/13Term2-Chua Tong Liang Terence

by CHUA TONG LIANG TERENCE
(SINGAPORE)



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Taking this class was like déjà vu for me as I had previously undertaken another module, Technology and World Change(TWC) under Professor Pamela Lim. There are so many reasons why I came back to this class again under her, and I will list the key reasons here.

Building Friendships
The friendships forged in my TWC class carried forward through to this class. Till today, our group still catch up with one another, and for me and another member, Tan Chu Ying, we even bid for classes together. The difference this time is, I entered the Technological Entrepreneurship (TE) class together with my friends, Wen Qi and Qi Qian. Through the weeks rushing through the business plan and report, it brought us even closer as we did our best to finish the race well.

Guest Seminar
The guest seminar is the most distinctive aspect of Professor Pamela Lim's classes, like she said, real learning is not conducted inside the classroom, but through speaking to those already in the industry. Speaking to real entrepreneurs and learning from them gave me a good feel of the kind of struggles they faced to eventually become successful. It made me think, "if they could do it, why not me."

Learning from others
Before joining this class, if someone had told me they could setup a business from scratch within 13 weeks, I would have told them, they are out of their mind. Over the last 13 weeks however, I am happy to say, I have been proven wrong. For me, the most satisfying takeaway from this course, is the chance to listen to so many great ideas being presented in the class. From seeing how these ideas were formulated at the seedling stage to how it really took off over the past 13 weeks, it really got me inspired enough to think, this is really possible!

As I move on from this class, the friendships forged here and the lessons learnt will certainly change the way I think about entrepreneurship. Life as an entrepreneur can be a lonely one, but with the right friends it might not be.

“Live as if you were to die tomorrow. Learn as if you were to live forever.”
― Mahatma Gandhi

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Apr 12, 2013
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:D NEW
by: Eddy

Hey Terence :) It was nice knowing and working with you this 13 weeks. I wish you success in your ITT interviews and your future endeavors.

Apr 07, 2013
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All the best NEW
by: Div Teng

I remember how you came to me and Zi Rong during TWC and asked about the creation of business. I don't know whether your dream to become an entrepreneur is still there since you're going for ITC but do keep in mind that it will be harder to start up a business as an entrepreneur once you have a family. Do think about it and I hope for your success in life.

Apr 07, 2013
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Our technology leader! :D NEW
by: Grace Chan

Hey Terence,

Thank you for the effort put in to the project. Very glad that this course has strengthen your friendships and may you have many more blessed friendships as you go into your junior year. Last but not least, all the best for your International Trading major! Seems like you like trading a lot, do your seniors (me and Eddy) proud! May you open your own trading company one day with all the skills learnt in TE and your trading mods ;)

Apr 07, 2013
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YAY for new friendship :D NEW
by: Zhen Yi

It was really a pleasure to have worked with you! No matter whether its TE or any other modules that we are taking together! You have been a really great friend to be with and also an extremely awesome teammate! See you around in school!

Apr 05, 2013
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Guest seminars NEW
by: Shreeya Pillai

I thoroughly enjoyed the guest seminars as well. It acted as a great motivational tool for me. From it I learnt how to never give up and that it is definitely possible to attain success even when it sometimes seems impossible to recover from certain setbacks.

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mgmt 324- TE/13T2- Lydia Mak

by Lydia Mak
(Singapore )

The past thirteen weeks had been unexpected and wonderful, exhilarating and insightful all at the same time. I came into the class with almost non-existent knowledge on entrepreneurship and left the module with a bag full of knowledge and insights, challenges and a more confident self in stepping towards the unknown. I experienced the emotions of a budding entrepreneur, the challenges faced and the sheer excitement upon lightbulb eureka moments during long meeting hours.

Every week of TE class was different, mixed with experiential learning during the break out sessions. My team, the LaGom Group has been such a crazy fun bunch since we started brainstorming for ideas. We constantly sought to bring out what was lacking in the local market and eventually came up with the health mix hybrid in the food and drinks industry.

One of the greatest learning points during my thirteen weeks was perseverance and the openness and readiness to unexpected changes. One of the boldest change was to switch our business concept at the eleventh hour after a meeting discussion. We ventured into unchartered waters and knew that it was for the better of the business and its sustainability in the long run.

Another takeaway that I am very thankful for are the valuable in class lessons, guest speakers and presentations by other groups. I remembered prof said that we'd be surprise by the ideas and business concepts that will be conceived in the classroom over the next few weeks and indeed, I was mind blown. Beyond just knowledge transfer, I was amazed and convinced by the evident endless nature of entrepreneurship and technology.

To be in full control and embark on your business project has taught me that there is no hard and fast rule to entrepreneurship. Every journey is different and we have to embrace the uncertainty and make it work.

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Apr 07, 2013
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Entrepreneurial Maks NEW
by: Karl MAk

Hi Lydia,

Even though we've never spoken, it'll be pretty cool to have a fellow Mak starting her own business.

Hope your entrepreneurial journey starts here!

Mak FTW!


Apr 07, 2013
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Perseverance NEW
by: Anonymous

Hey Lydia, I'm glad that you were able to push aside your setbacks during the moment of crisis! It's never easy to stand up against problems which arise and it's good to know that you guys persevered through the issues. All the best for your endeavors!

Apr 07, 2013
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Perseverance is key NEW
by: Zhen Yi

Hey Lydia, this module is really one that keeps us on our feet thinking. Due to so many unforseen circumstances, the business plans that we initially had undergone so many changes! But even if we face obstacles during our time of establishing our business, we should persevere and success would definitely follow!

Apr 05, 2013
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Agreed NEW
by: Koi

Hi Lydia,

I agree with what you said. The past 13 weeks have been a blast, reap lots of knowledge amidst the steep learning curve in our respective projects. I think your food truck will work out well, all the best!

Cheers,
Koi

Apr 05, 2013
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Thank you Lydia NEW
by: Louis-Clément

Hey Lydia,

I really relate to your feedback. I learned a great deal during that class and was also amazed by all the good ideas that came out of this classroom. These wednesday classes were a lot of fun and I feel like we all learned a lot.
It was a real pleasure to work with you.
Keep in touch !

All the best,

Louis-Clément

Apr 05, 2013
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Comments NEW
by: Anonymous

It was indeed a pleasure working with you Lydia! Thanks for brainstorming the Food Truck idea with Louis!

Apr 04, 2013
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Openness and change NEW
by: Thanh

I totally agreed with your idea on perseverance, openness and the willingness to change. Definitely it's a pleasure working with you Lydia!

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T&E-2012/13Term3- Chia Xin Ni


I have never taken an entrepreneurship module and have no idea how to start up a business. However, I do know it's not easy to set up a business and I sure was right.

After watching the episodes of Shark Tank, I got a little addicted to watching. As entertaining Shark Tank is, it is a valuable show that teaches us valuable lessons that is very applicable to our startup. For example, we should set a goal post and stick to it. Nobody would want to do business with one who negotiates more along the way. Trust and credibility lays the foundation of a potential investor. In addition, startups should be aware of the limits they can accept before they approach investors. The sharks are not called sharks for no reason. They would squeeze every penny they can out of you, especially when they sense hesitation, they see room for negotiation. Knowing your limits beforehand can help us to avoid a deal we would not have accepted if we thought through it rationally.

I always thought that for a small startup, as long as I am confident with my business idea, r&d would be costly and unnecessary, Through the guest lecturer's session of Adwords and how we can take advantage of various platforms to do background research on the potential market for our business, I realized that market research can be free and just as efficient as any costly r&d projects.

Besides learning from what was taught in class by prof and from other classmate's presentations, I learnt a lot from my group mates as well. My classmates are mostly business students and some of them are well equipped with financial and business development skills. It's imperative that we do not over or under valuate our company, hence background research must be done carefully. We also brainstormed together ways of bootstrapping so as to save cost. For example, we will negotiate with shops near the event venue to assist us with ticket distribution, in exchange for advertisement on our websites. In addition, we must have far sight in terms of strategic planning. We have already come up with the possible routes our company could undertake 2-3 years later. For example, we can venture into marketing for small production companies.

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Apr 07, 2013
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Going the distance NEW
by: Syazlina

[reposting] Hey Xin Ni! I absolutely agree with you regarding the guest lecture (i think it was clement's) on online marketing! Learning about the google adword tool was a geeky, "omg that's so cool" moment. It really puts into perspective how relevant searches can be made and how your website can reach the right audience. Nonetheless, i think that for most businesses, putting a little money into market research cant hurt - some things are necessary investments in the long run ;)

Apr 07, 2013
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Shark tank is awesome! NEW
by: Karl Mak

HI xin ni!

Thanks for being a great group mate, really enjoyed working with you.

Shark tank is great! I hope they have more seasons up their sleeves.. super good show for learning and potentially getting new ideas for the asian market!


Apr 07, 2013
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Shark tank! NEW
by: Anonymous

Hi Xin Ni, it was a blast working with you during those 13 weeks! Shark tank was indeed a good way of learning how to cope and manage with VPs trying to get the best of your business. Although it was ultimately still a reality show, I felt that it was good exposure and great fun in anticipating the queries of the VPs. Thanks for all the effort and looking forward to seeing you again!

Apr 05, 2013
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Dragon's Den NEW
by: Brendan

Thanks for the share Xin Ni! I have watched Dragon's Den as well, which I think is pretty similar to Sharks Tank. Worth checking out if you loved sharks tank :) Like many others, I love the elastic idea and even the name itself haha. I really hope this platform works out :)

Apr 05, 2013
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(: NEW
by: Koi

Hello Xin Ni!

First of all, yes, it's a huge pity we don't get to team up again! It is really our loss not having you in with us!

However on another note, I am very happy for you for your Elastic business. I think there's a huge potential to it and I can see it succeeding. All the best for your last semester next sem!

Cheers,
Koi

Apr 05, 2013
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I like it NEW
by: Anonymous

First of all congrats for completing the TE course :)) I personally love the idea of resale tickets and the feasibility of the idea. Hope to see Elastic swing into action into the near future !! All the best for finals if u have any :)

Apr 05, 2013
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A little research goes a long way NEW
by: Anonymous

Hey Xin Ni! I absolutely agree with you regarding the guest lecture (i think it was clement's) on online marketing! Learning about the google adword tool was a geeky, "omg that's so cool" moment. It really puts into perspective how relevant searches can be made and how your website can reach the right audience. Nonetheless, i think that for most businesses, putting a little money into market research cant hurt - some things are necessary investments in the long run ;)

Apr 05, 2013
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Comments NEW
by: Anonymous

I really love your group's idea of resale tickets! Cause I have been in that situation one too many times, although it involved scouring for extra tickets for a friend who didn't manage to get tickets on time. I really hope Elastic becomes a real Singaporean business to call your own!

Apr 04, 2013
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Shark Tank
by: Wen Qi

Hi Xin Ni,

I enjoyed the shark tank videos we watched in class as well and i think what you pointed out is important. Sharks are not called sharks without a reason and thus every entrepreneur should keep in mind their clear objective of wanting investors to invest in our business. Hesitation will only result in the loss of investors' trust that can be dreadful as seen in one of the sharks tank case we saw in class(:

Apr 04, 2013
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5GOLDSTARS!
by: Fabian Ng

Wow, your entry really touched me, and i think in more ways than one, i do identify with some of the struggles you guys went through! I really love your business idea, and i hope it comes to fruition!!! :D

Apr 04, 2013
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From a fellow ELASTIC
by: Andre

Hey Xin ni, you're right, I'm hooked by the sharks too!

Entertainment aside, you're right in saying that the show teaches us to be 100% sure of our figures before pitching to investors. I guess that's part and parcel of preparation for an entrepreneur.

Enjoy your summer exchange!

Apr 03, 2013
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Elastic
by: LiYing

Hi Xin Ni,

Thanks for your insights into the Shark Tank series!

I think that the bootstrapping model & R&D undertaken by the team is a good example of pre-empting financing issues as a start-up.

All the best for your future endeavours!

Apr 03, 2013
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=)
by: Serena Yong

Hi Xin Ni, I understand how it feels to be in a group individuals who are outstanding in the field of business. However, I believe that every part of the body is important. The body will not be complete if there is no hand or no legs. And reading your post, I feel that your team have grown so much. Jia you!

Apr 03, 2013
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=)
by: Serena Yong

Hi Xin Ni, I understand how it feels to be in a group individuals who are outstanding in the field of business. However, I believe that every part of the body is important. The body will not be complete if there is no hand or no legs. And reading your post, I feel that your team have grown so much. Jia you!

Apr 03, 2013
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all the best!
by: Baona

Hi Xin Ni! I definitely agree with you about having a limit before the sharks! :) just like in any form of negotiations, it is important to identify your own baseline first :) Anyway, I see great potential for your group's business. Sow and so shall you reap! All the best!

Apr 03, 2013
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Afterthoughts and comments
by: James Lee

Hey Xin Ni,

Thanks for sharing! I'm also a big fan of Shark Tank! hahaha addicted to the series! Anyway, regarding the idea of costly R&D, I agree with your point that start-ups should focus their efforts on acquiring customers with low cost initiatives instead of starting with large sums of capital. Tools like Adwords and Google search optimization are such low-cost ways of fulfilling these needs and I think they can be very effective especially in this day and age where everything is online and global!

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MGMT324-2013/TERM1 - Karl Mak

by Karl Mak
(Singapore)

I intentionally saved MGMT 324 for my final semester as I prepare for my transition into the real world.

Having struggled with peer pressure of considering settling into a normal job upon graduation, I have also been challenged to take the path of starting up.

I think having been through MGMT 324, I have been challenged further to simply take action if I have an idea. Just simply prototyping the initial idea and having various iterations through gathering feedback from friends and users along the way is perhaps the beginning of a new journey.

The rapid prototyping for our project in T&E allowed me to gain insights into the working relationship between a business and a development team. The rise of the importance of coding and programming has also given me inspiration to gain additional skills and knowledge in this field. I believe that having such technical knowledge in developing a technology startup is crucial.

With this said and done, I have been inspired to start my own venture upon graduation and see where this journey takes me.

For anyone stuck without any inspiring ideas, here's an extract from Paul Graham's latest essay:

"The way to get startup ideas is not to try to think of startup ideas. It's to look for problems, preferably problems you have yourself.

The very best startup ideas tend to have three things in common: they're something the founders themselves want, that they themselves can build, and that few others realize are worth doing. Microsoft, Apple, Yahoo, Google, and Facebook all began this way"

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Apr 07, 2013
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CEO! NEW
by: Anonymous

Hi karl! I do agree with your extract as I have heard that most inventions are created due to the inventor's scarcity in a particular area. I think its also important to look for problems which are surfacing around you at the same time, so as to expand the pool of opportunities to explore and work with. Overall, it was fantastic working with you as our leader and I have to say you did a brillant job! All the best for your next venture and I hope to see you succeed.

Apr 07, 2013
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All the best! NEW
by: Zhen Yi

Hey Karl, I really like the idea of Elastic and I think it really has great potential in the market! Really hope to see Elastic being launched into the market in future! Definitely agree with you that technology is something extremely important and should be embraced instead of avoiding it. All the best for your journey towards establishing Elastic!!

Apr 06, 2013
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Hello CEO NEW
by: Jayrius

Hey there CEO,

Nice journal entry you got there. I'm happy to see that you've decided to take the route less travelled and venture into starting your own business.

And thanks for your extract from Paul Graham's essay, I'm trying to look for problems around me now.

Happy graduation.

Apr 05, 2013
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Great work! NEW
by: Maryam

Hey Karl, I really liked your business concept and I would like to wish you all the best with Elastic & your other upcoming business! I'd really agree with you that gaining additional skills would be very useful when running a technological firm. Though you could have a freelancer help you out, it's also good to know some technical skills so you won't get ripped off! I'd suggest perhaps starting with a wordpress system, I managed to get the hang of php and css that way.

Apr 05, 2013
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Thanks for the share NEW
by: Brendan

Hey Karl, thanks for the Paul Graham quote, I respect him quite a bit for being sort of a thought leader in tech startups, always following his blogposts on HN.

Really glad to hear you venturing into entrepreneurship upon graduation. I really like the entrepreneurship community idea you told me about. All the best! Chat soon :)

Apr 05, 2013
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Great citation NEW
by: Louis-Clément

Hi Karl,

i really like that you included a Paul Graham citation in your Journal.

"The way to get startup ideas is not to try to think of startup ideas. It's to look for problems, preferably problems you have yourself."

This is so true, there are too many people starting a business just for the sake of it. I believe that to be successful solving problems is the key.

Thank you for sharing with us.

Cheers,

LC

Apr 05, 2013
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Geek conventions NEW
by: Syazlina

Hey karl! Like everyone here, i fully agree on the point that having some form of technical skills will definitely give you an edge in this very techy world today. Even for non e-commerce businesses, there is some level of technology involved. My group was recently talking about this after our last lesson and i learnt that there are severalnopen courses which can teach you basic programming or site development which would undoubtedly b e useful in a startup or as an employee of any company. I say go for it and hone your skills while you still have the time (:

Apr 05, 2013
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Elastic NEW
by: Xin Ni

Hey Karl
I agree that we cannot deviate away from technology in any kind of business today. Also, thanks for leading elastic! I'm sure you'll make it big someday!

Apr 05, 2013
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Hey NEW
by: Thanh

Hey Karl, it's great that you are interested in starting up a business in Singapore. I thought Singapore has the best environment for young businesses. My best wishes to your new endeavors!

Apr 04, 2013
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IT skills are important NEW
by: Wen Qi

Hi Karl,

I agree with you that the IT skills you have is definitely important in almost any start ups given the digital age we live in. Continue your passion as well as great attitude to constantly apply your skills to be used in relevant situations. All the best(:

Apr 04, 2013
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Boss is right! NEW
by: Prajoth Pattamatta

I definitely agree in the fact that successful companies have founders that are really invested in the company and fundamentally believe in its vision. Tech companies especially need founders who are transcendental in their thinking and execution in order to spot trends well before they hit the market. One of the reasons that companies tend to do well is they create the market they want to exist it, and a strong founder is a critical aspect of that.

Apr 04, 2013
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Boss is right! NEW
by: Prajoth Pattamatta

I definitely agree in the fact that successful companies have founders that are really invested in the company and fundamentally believe in its vision. Tech companies especially need founders who are transcendental in their thinking and execution in order to spot trends well before they hit the market. One of the reasons that companies tend to do well is they create the market they want to exist it, and a strong founder is a critical aspect of that.

Apr 04, 2013
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(Y) NEW
by: Fabian Ng

From what i have just read and seen, i think you have really done a good job! Really inspiring to read your journey and what came of it, here's wishing you all the best in your future endeavors! :D

Apr 04, 2013
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Keep moving karl NEW
by: Yichen

I'm glad to know that you are soon to embark on a journey full of excitement and challenges. :) Keep your chin up and stick to your initiative, because you are doing the right thing. Happy graduation and hope I still can see you.

All the best! J

Apr 04, 2013
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To BOSS karl NEW
by: Andre

Way to go karl. It's definitely uncomfortable to buck the trend and be an entrepreneur in singapore especially if you're all geared up for a big and comfortable job in whichever sector.

You know what, you got the BOSS look ;) keep it up haha that's a compliment. Thanks for being the boss in our group!

Apr 03, 2013
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Thanks Karl NEW
by: LiYing

Thanks for sharing Karl-

As a fourth year on my final semester, TE has been an enriching journey too in considering the path of entrepreneurship as opposed to a stable working career.

All the best in your future endeavours!

Apr 03, 2013
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All the best! NEW
by: Serena

Hi Karl, Same sentiments on the shouldn't be chasing for ideas. Because sometimes like a lost item, it will just appear magically without us needing to find (i.e a market gap appearing, waiting for us to implement our business idea to close the gap) I wish you and your team success in taking your business to greater heights!

Apr 03, 2013
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happy graduation! :p NEW
by: Baona

Hey Karl! Yep thanks for your insights :D and sharing about how we should focus on identifying the problem, not finding the right idea. :) I believe your business can take off and all the best working on it! happy graduation! :D

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hi Karl! Thanks for sharing. I thought the endnote of the three things great entrepreneurs have in common was really meaningful! I definitely agree with that and I think that passion is one of the most important things entrepreneurs need for success. Cheers!

Apr 03, 2013
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Agree with you that rapid prototyping is the way to go! NEW
by: Thomas

I definitely agree with you that rapid prototyping is the way to go! Not only does that allow for quick market testing, but it also better serves the customer's needs.

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TE - 2012/13 Term 2 - Darren Yong

by Darren Yong Ming En
(Singapore)

The idea for my group's business sprang from the most unlikely of sources on the most unlikely of ideas. That said, as we all caught on and were infected in doing a great job of it, working on improving every aspect of our business idea and offering became a joy.

Within a short time frame, it challenged us to focus and accelerate processes to kickstart an actual business. Engaging in every aspect of getting our business started showcased how much talent was present within the group, as well as how well we complemented each other: Developing the website, sourcing suppliers, writing the business plan, designing our marketing material & ads and even coming up with products through trial tasting!

I'm really glad to see our efforts come to fruition. It is also wonderful that most of us will be taking this business forward!

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Apr 07, 2013
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Hey there! NEW
by: Anonymous

Hi Darren! I agree with you that 13 weeks is quite a challenging period for any of us to set up a full working prototype given all the logistics and administrative problems. Despite that, you guys rose to the challenges and succeeded! I hope to see more successful ventures from you in the future and all the best.

Apr 05, 2013
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Hello! NEW
by: Koi

Hello Darren!

Great to have worked with you for the past 13 weeks! I think you are an awesome team mate anyone could have!

Cheers,
Koi

Apr 05, 2013
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Your fellow TBB NEW
by: Serena Vanderwood

Hey Darren,
13 weeks has past just like that and we have definitely achieved so much. Looking forward to bringing TBB further. Huat ah!

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TE-2012/2013Term2-Ho Koi Foong


TE had been a really interesting journey for me. One of the main reason is because we got to really start a business out of a 13 week module. When I bidded the course, I knew it would be a challenging one but I hope to learn something out from this challenge.

Today, I'm proud to say that I've came out of this course more knowledgeable about starting a business and the difficulties involved. The huge consolation I felt was that, I had a wonderful team to work with. I enjoyed the module because of what I've managed to learn, but I enjoyed it more because of the people I got to work with.

The team hit off well, even though we had 10 members (logically, it would be hard to manage 10 different personalities in such a short period of time) but on actual fact, we managed to capitalize on each other's strength by Week 2. Because of that, we did things really fast and efficient, and we managed to accomplished tasks ahead of time. We were very task centric and we sticked strictly to deadlines set. Our business plan was out very fast and we made use of the rest of the time to refine it.

In addition, I would also say that the whole team was very proactive. Everyone would volunteer to take on tasks without the need to be delegated. We enjoyed all our tea party sessions very much. It might seem like a arduous process for outsiders, as we had to meet on many Sundays to develop and churn out our different blends. But to us, we had lots of fun learning and trying out our product blends together as a team. To be honest, our team really bonded over all our meetings. In addition, we really want our business idea to work, so we held focus group sessions and had 40 over people coming down to try out our blends. We went the extra mile during the pitching day by decorating our booth nicely and baked different types of cookies to complement our tea. Effort pays off and we received great feedback!

All in all, I'm really happy for what I managed to go through together with this team of mine. It's really a memorable project to have in my last semester in SMU!

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Apr 07, 2013
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Great team! NEW
by: Zhen Yi

Hey Koi, I share the same sentiments as you and have really learnt a lot from this TE experience. Really love the idea your group has and the dynamics of the team is great! All the best!!

Apr 05, 2013
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Great job! NEW
by: Maryam

Hey Koi, I enjoyed our tea party sessions very much too! It was very refreshing for me to work with a large, efficient and passionate team. Every meeting was really fun and I look forward to working on TBB with you as we take this forward!

Apr 05, 2013
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Hi! NEW
by: Serena Vanderwood

Hi Koi! Yeh! Now we have a business to call our own. =)I must agree that our team is really very efficient! Im sure our CEO is not complaining. haha

Apr 05, 2013
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Ho Koi Foong NEW
by: Xin Ni

Hey Koi

I've learnt a lot from this course as well! I agree that alone, we can do so little but together, we can accomplish so much! Your team looked like you genuinely enjoyed your journey throughout this course together! A pity we didn't work together this sem! All the best in your future endeavors!

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MGMT324-2013/TERM2 - Amanda Ong Xiaoxuan

by Amanda Ong Xiaoxuan
(Singapore)

I was apprehensive when I took up this course. TE - Technological Entrepreneurship. This seemed to suggest another technology-related course which i will struggle with close-death technology assignments, and barely scrape through, being a complete tech-noob.

However, at the end of 15 weeks, i am glad, first and foremost, to say that I am still alive and surviving, and that although i have not improved much technologically, I am proud to say that i have learnt a great deal under Prof Pamela with regard to entrepreneurship!

Assigned with the role or BDO (Business Development Officer) in my group for our project, i put my Strategic Management major learnings into good use and i learnt alot in terms of applying theories to a real life business which we had to account for and present professionally to Prof and VCs by the end of 11-12 weeks. This gave me real life insights and valuable takeaways which i have learnt not only under my business development segment, but also from the technical aspect of the business which i hope to improve my skills on.


As for the mini breakouts/presentation, well i have to be terribly honest that my initial thoughts about it was just a 1-hr play time/group bonding session every week. Looking at it on a week-by-week basis, it feels that the activites were rather irrelevant and that we were just doing it for the sake of fulfilling prof's instructions. However, I thoroughly enjoyed myself during those 1-hr of 'free-n-easy' time and what really struck me around week 8/9 when my group came together to do up the business plan, was that what we learn from each breakout is little and seem unimportant. But when consolidated and put together, it actually helps a great deal in the business plan and the speed at which it eases the search of certain details and coming up with the body of the business idea really amazed me. This, i was certain, was intended by Prof, for us to have little takeaways from each breakout such that when putting together the takeaways, we are much much better equipped and ready to take on a business idea and to present it professionally to the class for comments and feedback.

Looking back at this TE journey, i really feel that i have learnt alot through prof's teachings and personal stories and also alot through my project and groupmates who came from very diverse education background and specialising in different expertise. With that, i thank Prof and the class for the mutual learning, and i would definitely not hestitate to take up another class under Prof's tutelage.

Thank you!

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Apr 07, 2013
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Step by step NEW
by: Syazlina

Hey Amanda! I actually thought the 1 hr breakout sessions was 'slack time' initially too. But as the weeks went on, it became really useful to slowly put our business plan together. That kind of timing really reduces the amount of work needed to be done outside of class, especially with our own busy schedules! Cheers to great lesson planning (:

Apr 06, 2013
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Tech-noob NEW
by: Jayrius

Hi Amanda,

Haha I agree with you that TE sounded like another technology-related course. Glad that you are still alive and surviving after 13 weeks. I hope the team made your life a little better :)

Best of luck in school and work!

Apr 05, 2013
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Breakout NEW
by: Koi

Hi Amanda,

I agree with you, I personally think that the breakout sessions were great! It helped to bond the team and we learnt stuff on our own over the hour plus!

Cheers,
Koi

Apr 05, 2013
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Comments NEW
by: Shermaine

Don't worry I bet you weren't the only one who was apprehensive about this course! We all thought that it was so IT/technologically related that we would be completely lost in class. Turns out it's so much better than we initially thought it would be!

Apr 05, 2013
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Elastic NEW
by: Xin Ni

Hey Elastic

I think so too that this course is a lot more than teamwork than technology (than we initially expected). I enjoyed breakout (chill) sessions very much too. Great to be able to work with you again!

Apr 04, 2013
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From andre NEW
by: Anonymous

Hey amanda, great job, me too i thought i would come to class and be thrashed by all the tech pros. But luckily it's not all about technology in this class. Haha thanks for being in the group!

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hi Amanda, thanks for sharing! I do agree with you that the breakout sessions actually had significant take-aways for each class and I also think that it helps groups bond closer and its just more opportunities for us to work together and identify working styles and mannerisms. Great job with your project and I wish you all the best! Cheers

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TE-2012/13Term2-Nur Syazlina Haniff

by Nur Syazlina Haniff
(Singapore)





At the start of the module, I was honestly quite apprehensive. Our team ended up with a group of ten. The largest group I've worked with before this consisted of 8 members, and it was not the most pleasant experience as there were very obvious deadweight and meetings were not always efficient as there were so many opinions to consider. Similarly, I was dreading working in a team of ten, knowing only one other member and her working style. I was even considering switching to another group.

However, throughout the process of brainstorming and deciding on the best business plan, I was extremely pulled in by the idea and the team dynamics that we had. My decision to stay with this company was increasingly reaffirmed each time we met up and achieved mini-milestones, every week. I felt that we really discovered our individual strengths and utilized our strengths to our very best.

Not to mention the awesome fun we had every time we had a tea-tasting session/meeting/photo-shoot at Maryam's and the great time we had during the booth day. Even though at the end of it we were all really tired and worn out, I could tell that each member was honestly proud of what we've achieved thus far.

Thus, although this module has taught me so much about the challenges and processes of being an entrepreneur, I felt that it was my experience with the team that really made this module a truly memorable and enriching learning. On top of that, the exposure to real entrepreneurs really inspired me and added on to the dimension of learning that I received out of the course.

Cheers (:

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Apr 05, 2013
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Comments NEW
by: Shermaine

Your group's business idea was definitely the most intriguing of all in my opinion. I would definitely love to see you guys actually make this idea come alive!

Apr 04, 2013
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thank you!! NEW
by: Maryam

Hey Syaz! I remember after our first presentation we had a conversation about how the team was very large and how it could be problematic. Thankfully, it worked out and I'm glad you stayed! I worked most closely with you for this project since there were some overlaps in our roles and thank you SO MUCH for doing the design stuff with me, especially when I felt the load was a bit too much. The packaging and logo is amazing! Here's to more Pinterest boards to get our message across and to more great times with the team!

Apr 04, 2013
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interesting business idea(: NEW
by: Wen Qi

Hi Syazlina,

Glad to know that you have enjoyed yourself throughout the project and I find your group's idea interesting as i am a tea lover myself. Hope you can start launch this business idea with your group soon. All the best!

Apr 04, 2013
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Bravo ! NEW
by: Louis-Clément

At first I did not believe in your concept at all because of the delivery costs. Nevertheless, your presentations were very good so as your website. If I had the opportunity I would have invested in your company. You really did a great job while working with so many people. Congrats !

Apr 04, 2013
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Congrats NEW
by: Louis-Clément

At first I did not believe in your concept at all because of the delivery costs. Nevertheless, your presentations were very good so as your website. If I had the opportunity I would have invested in your company. You really did a great job while working with so many people. Congrats !

Apr 04, 2013
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Great job NEW
by: Anonymous

At first I did not believe in your concept at all because of the delivery costs. Nevertheless, your presentations were very good so as your website. If I had the opportunity I would have invested in your company. You really did a great job while working with so many people. Congrats !

Apr 04, 2013
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WELLDONE! NEW
by: Fabian Ng

I thought your group did really well! I absolutely love the concept, and the marketing collaterals are really well done! :)

Apr 04, 2013
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Good job! NEW
by: Andre

Hey Syazline, I was amazed at your group's presentation during class and of course during the booth set-up. Your group's chemistry is definitely visible for everyone and serves as an inspiration for me. You're right, i would be apprehensive too at the prospect of working in a group of 10! Glad that yours went so smoothly. All the best for your team and yourself :)

Apr 03, 2013
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Tea by Syazlina NEW
by: LiYing

Hi Syazlina,

Really encouraged to see you stay on in the group & bring it forward to greater heights.

All the best to you & the team in your future entrepreneurial endeavours!

Apr 03, 2013
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Thank you NEW
by: Serena

Hey Syaz,really want to say good job and for making our marketing collaterals so interesting! I have had so much joy just seeing all the beautiful designs for our company and seeing them brought to live! love our stickersssss!

Apr 03, 2013
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Cheers to the awesome experience! NEW
by: Baona

Hey Syaz! really thankful for having you and every single one in the group :D i think the journey ahead will only get tougher as we get out of the comfort of a classroom into the 'real world', but because our team is strong, we shall pull through together! :D

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hi Syaz,

Thanks for the post about your experience on the TE journey. I too had a similar experience with the group. I felt that it was an integral part of my experience and that without this team, I wouldn't think that I could have accomplish even a fraction of what we did as a team.

I would also like to add that I was also apprehensive about the group initially especially with a whooping 10 people in the group and not know the working styles and mannerisms of most of the team members. I thought it would just be another project where the able bodies would have to drag the freeloaders! But such was not the case! Cheers!

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TE-2012/13 Term 2 - Thomas Lee

by Thomas Lee
(Singapore)

Our Product

Our Product

Our Product
Presentation
Ingredients

I came into this course with a goal to turn a simple idea on paper into a reality. I started out with an idea to sell customized tea blends online, yet I did not know how I was going to turn that idea into a real business. I did not know any tea suppliers in Singapore, nor did I have the background expertise to create blends that customers would actually purchase. With some luck, I ended up meeting a great team of students who were passionate about the idea and that were keen on developing this idea further into an actual business. We spent long hours tweaking the idea, learning about tea, and having a great time in the process.

The entrepreneurial journey in the course was a valuable lesson in learning how to work in a large team and actually develop a business in a short period of time. While there are courses that focus on the academic elements of entrepreneurship, I felt that this course truly put everyone in the shoes of an entrepreneur, challenging us to actually build the business, rather than merely conceptualizing the idea on paper.

I was fortunate to have a group where every team member had a unique skill set to contribute. Accordingly, I feel that our major strength was in the interdisciplinary nature of our team, as we were able to efficiently delegate work and rely on our complementary skills. As we moved towards the end of the course, it was very rewarding to have a full running website launched with a real product that we could sell to customers.

In conclusion, I would say that this course provided a valuable learning experience in not just developing a business, but also for personal development. By working with a team of diverse individuals, I was able to further appreciate the value of working in a team.

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Apr 12, 2013
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:D NEW
by: Eddy

Hey Thomas...Your communication skills are superb :) I really enjoyed your presentations and the tea that you brought on the day of the biz plan presentation

Apr 07, 2013
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Canada-SG NEW
by: Karl Mak

Hey Thomas,

Glad you had a good time in SG, really hope to see more entrepreneurial links between SG and Canada!

Hopefully you can start something here!

Cheers!

Apr 06, 2013
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:) NEW
by: Jayrius

Hi Thomas,

Firstly let me say that I really like your team's business idea, and I would definitely invest in you guys if I had the money.

I'm glad you enjoyed class as much as I did, it was tough in some parts but overall it was very fun.

Best of luck in your future endeavours :)

Apr 06, 2013
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Hey Thomas! NEW
by: Brendan

Hey Thomas its great knowing you. You were able to put across an idea to the class very succinctly and clear. I like the ambition and all the best for your future entreprenurial pursuits :)

Apr 05, 2013
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all the best! NEW
by: Maryam

Hey Thomas, hope you had a great exchange experience in SMU. It was great working with you and thanks for coming up with the financial plan!

Apr 05, 2013
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(: NEW
by: Anonymous

Hi Thomas,

Thanks for being part of the team and contributing to our finances! All the best and keep in touch!

Cheers,
Koi

Apr 05, 2013
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Good Job NEW
by: Anonymous

Great job Thomas :) I'm really impressed by your ability to articulate and engage the audience. And thanks for the tea given during the presentation too!! Keep up the good work, hang in there and u will find a keen investor very soon :D

Apr 04, 2013
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Hey Thomas NEW
by: Thanh

Hey Thomas, it's a pleasure knowing you man. Your group's performance is really awesome. Till we meet again!

Apr 04, 2013
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To be passionate NEW
by: Wen Qi

Hi Thomas,
Glad to know that your group mates are as passionate as you are in working on your group's project. Being passionate is especially important in the journey of entrepreneurship as it is crucial in keeping the spirit and minds of the people going when the journey gets tough.

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MGMT 324-2013Term 2- Jayrius Tan

This picture was taken while half the group was busy trying to write our journals last minute.

This picture was taken while half the group was busy trying to write our journals last minute.

I placed my bid for TE simply because it was one of the modules that I had to clear to graduate. To me the title 'technological entrepreneurship' sounded like a tech startup class whereby we would learn about starting an information technology-based business. Being a social science student, I did not envision myself starting a business after I graduate. To me starting a business required too much financial knowledge, risk taking and industry know-how.

Oh boy, I was so darn wrong.

To say that this course opened my eyes to the business world would be an understatement. This course is fun and tough to me at the same time, partly because being a social science student, I am not well-versed in financial calculations. However this module allowed me to be guided by some business finance students on financial matters, and marketing students showed me the many marketing techniques employed. This module has allowed me to learn from other students, and I dare say that this is the one and only module that allowed me to learn so many cross-discipline subjects from my many groupmates. Anyway, this is the only time that I have experienced working with 8 other groupmates, and they all bring a different skill set and viewpoint. It is a refreshing change of experience, and I think more modules in school should follow the steps of TE.

Furthermore, this course encourages students to think critically, and coupled with the professor's vast experience and connections in the business world, I would recommend that any student who wants to learn more about starting a business should take up this course. My description of this course might sound like this is 'Business startup 101', but trust me, it is much, much more.

With 2 more weeks to the end of the course, it is not to say that this is the end of the journey, and it has indeed spurned me on to really start thinking about the possibility of starting my own business. I would like to sincerely thank the Professor and all my classmates for all the questions and suggestions offered, and I am confident to say that I have since developed a new perspective on entrepreneurship.

The road ahead might be tough, but it also seems fun. Who knows? I might go out and try being an entrepreneur someday.

Comments for MGMT 324-2013Term 2- Jayrius Tan

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Apr 07, 2013
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Wise words NEW
by: Karl Mak

What can I say? Wise words from a wise man.

All the best for graduation, hope you will begin your entrepreneurial journey soon!


Apr 06, 2013
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Comment NEW
by: Brendan

Absolutely agree - to meet others across various disciplines is definitely a big reason I would recommend this module to others. Cheers!

Apr 05, 2013
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Hello! NEW
by: Anonymous

Hi Jayrius,

I agree with you, the course demands more than just being a business startup. But I am glad it puts us through many tests. We learn through challenges. All the best!

Cheers,
Koi

Apr 05, 2013
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Business Start up 101++ NEW
by: Louis-Clément

Hi Jayrius,

I really liked reading your journal. I was thinking as well that this would be a course about starting an high tech start up. It was actually much more than that, broader and more diverse.

I really enjoyed this module, so you did apparently !

Apr 05, 2013
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by: Shermaine

Yup I only took this module to clear my T&E obligations. But ended up enjoying mysel so much more than expected!

Apr 05, 2013
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Elastic NEW
by: Xin Ni

Hey Jayrius

Throughout this course I gained a lot of financial knowledge as well. This is something that most social science students have no exposure too. Thanks for contributing to this awesome project! I hope you become an entrepreneur someday!

Apr 04, 2013
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Eye opener NEW
by: Wen Qi

Hi Jayrius, I similarly entered this course with no prior knowledge of entrepreneurship and was not expecting this module to expand the business ideas we had using a full scale and comprehensive approach. I will say this course has triggered me to start thinking of business ideas that i have passion in. Hope you are able to apply what we learnt from this course to your entrepreneurial journey in the near future. All the best!

Apr 04, 2013
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:) NEW
by: Fabian Ng

Thank you for sharing, i really identify with some of the things you have said! By the way, cool picture, it seems that all your group members have posted the same picture as well! :) Take care, and all the best in your future endeavors!

Apr 04, 2013
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Well said JAY! NEW
by: Andre

I totally agree with you, this is my first time working with 8 other group members, this is even bigger than LTB and i thought LTB was big enough.

It's definitely both a fun and challenging task to do this. But thanks for your great ideas, you had some great ideas which would not be spotted by some of us so quickly, perhaps because of your life experiences :)

Keep up the humour bro ;)

Apr 03, 2013
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Elastic NEW
by: LiYing

Thanks for sharing Jayrius!

May you find success in your career path in the future- be it in working in a job or entrepreneur!

Glad to see the diversity of experiences shared by the medley of team-members,

All the best & hope to see Elastic bought live!

Apr 03, 2013
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thank you for sharing! NEW
by: Baona

Hi Jayrius, you've pointed out something that I overlooked and that is the wonderful opportunity to work with a cross-disciplinary team through this module. This added diversity has brought about wonderful synergy in my team, and I think yours too. :) Take your time to find out if entrepreneurship is for you and if it is, i look forward to hearing about your journey! :)

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hey Jayrius, thanks for sharing! I think that this class has shed much light on the difficulties and challenges of starting a business because those issues are directly faced by us through the course of the project. I definitely agree with you there that a lot of practical knowledge has been taught in this class! All the best with your future endeavors! Cheers

Apr 03, 2013
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Definitely agree with you! NEW
by: Thomas

I definitely agree with you that the course encourages students to think critically. I think the professor's vast experience and connections in the business world also provided a lot of value to help guide everyone in the right direction.

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TE-2012/13Term2-Louis-Clément Schiltz

by Louis-Clément Schiltz
(McGill University, Montreal, Canada)


First of all I want to thank Professor Pamela Lim for her teaching.

Her class is the only module that I truly enjoyed at SMU. Not only she is a great lecturer, she also has an extensive knowledge that she gladly shared with us.

This course was the first entrepreneurship one that I ever took and I can say that I learned a great deal out of it and now have a clearer sight of the path I want to follow. In the future I would like to work in a private equity firm investing in high tech start ups. This will allow me to use both my IS and Finance skills. Over the summer I will be in charge of developing a french start up and the experience I got from this project will be crucial for the success of this challenging venture.

Even though I joined the class quite lately (week 4), my group welcomed me warmly. I can say that I met great people and I am proud to be able to call them friends ! Fabian, Lydia, Xue Yin, Shermaine, Thanh and Shreeya you guys are wonderful and it has been a real pleasure to spend time with you ! We had to work hard, communicate a lot, share our ideas and positions in order to be able to build our Lab Express project from scratch. If only I was staying in Singapore I would love to be able to launch it and see our colorful trucks driving around the city to serve our delicious juices and smoothies to customers looking for an healthy lifestyle !

Overall, this Technological Entrepreneurship module has been much more than an university course: a path toward my entrepreneurial career !

Special thanks to Ronald for his understanding of what it is like to be an exchange student ...! :-)

Un grand merci,

Louis-Clément

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Apr 06, 2013
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by: Brendan

Hey Louis I love the ambition you have to work in a venture capital space in the future. Thanks a lot for visiting this sunny island on exchange. All the best for your startup!

Apr 05, 2013
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Hello! NEW
by: Anonymous

Hi Louis,

Comment allez-vous? I agree with you, I enjoy this class a lot too. I also felt it was more than a lesson but more of a path to entrepreneurship career!

a bientot,
Koi

Apr 05, 2013
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BAGUETTE! NEW
by: Shermaine

Bonjour baguette! It was extremely fun having you in our group despite you being a last minute addition to LaGom. Your website designing skills were indeed really helpful!

Apr 05, 2013
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WOOPWOOP! NEW
by: Anonymous

Hola Baguette! :) Our pleasure to be working with you too! Thanks for being so well versed with all the technical stuff :D I'll look back and reflect on the fun times we have had together!

Apr 05, 2013
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Hey NEW
by: Thanh

Hey man it was definitely a delight working with you. I was really impressed by your contributions provided you are an exchange student man! Thanks for the good times!

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TE-2012/13Term2-Serena Yong

by Serena Yong

My wonderful team on a lovely Tuesday

My wonderful team on a lovely Tuesday

Despite my wish to be an entrepreneur and graduating from specializing in Entrepreneurship in poly, I never wished to take any classes on one in SMU. It was only because the school made it compulsory for us to clear a tech mod and this was the only reasonable mod that I thought I can manage. The courses I took in poly for the entrepreneurship major was interesting but the nearest I ever got to understanding a business was to work with an SME and tie them up with our Ministry of Foreign Affairs. So, what could possibly happen within 13 weeks right?

Then by stroke of luck, I was blessed with a wonderful team. The Tea by Blank team. At first, everyone was apprehensive if this big group was going to work out. But we just gelled together somehow because everyone in the group was very accommodating (to a good extent). And when it came to doing the work, everyone would give their opinions directly without sugar coating their words.

I really learnt a lot from each of them. Most importantly, I learnt that I am not a master of a trade and sometimes other people can really do a job better than me, so why fight it? When someone is really good or enthusiastic in completing a task for the team, we should take a step back and let them do the magic. Too many cooks spoil the broth and it applies in this sense when too many people are trying to do one specialized job together. After all, everyone is doing their best for each other’s benefits. And this is how we improved.

I’m not sure what the future journey will be, but as a team, as long as we keep the right qualities, I’m sure we can weather through anything together and bring the business to greater heights.

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Apr 07, 2013
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To each his/her own NEW
by: Syazlina

Hey Serena, glad to have had the opportunity to take this journey with you (: I agree that it's important to understand your own strengths and weaknesses, just as it is important to understand what your team mates are capable of as well. It really helps us to know when to step up and when to let someone else take the lead. It also takes the pressure off one person to handle everything

Apr 07, 2013
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To each his/her own NEW
by: Syazlina

Hey Serena, glad to have had the opportunity to take this journey with you (: I agree that it's important to understand your own strengths and weaknesses, just as it is important to understand what your team mates are capable of as well. It really helps us to know when to step up and when to let someone else take the lead. It also takes the pressure off one person to handle everything

Apr 05, 2013
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Tea By la NEW
by: Maryam

Hey Serena! I agree with you, the fact that everyone is so talented in their respective areas really helped make the group dynamics amazing and reduced any misunderstanding among the team members. Looking forward to working with you on TBB

Apr 05, 2013
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Hello! NEW
by: Anonymous

Hello hello! :D

I'm really glad to have bidded the course with you. So much fun working with you :D Looking forward to start the business!



Apr 05, 2013
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THANK YOU NEW
by: Serena

Thanks Wen Qi and Xin Ni! =D

Apr 05, 2013
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Serena Yong NEW
by: Xin Ni

Hey Serena

Like you, I never would have taken this course if it were not compulsory for me. Your team really looked like they enjoyed each others' company and truly believed in your business idea! All the best if you guys are really starting it up!

Apr 04, 2013
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Have faith in others(: NEW
by: Wen Qi

Hi Serena,

Nice to see how much you value all your group members in the team despite the large numbers. I agree that you bring up a valid point where especially when working in a team, it is important that we are able to split the task efficiently based on each individuals' strengths. It is through this trust in other's that they can handle their respective parts that brings out the value we get from a team effort(:

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TE-2012/13Term2-Yvonne Ng

by Yvonne Ng
(SIngapore)

The TE journey has been extremely fulfilling in many ways.

Through the past 10 weeks, whenever I was rushing like crazy to meet deadlines, or during times when I only had myself to discuss with during breakout session, I’ll ask myself why I made such as crazy decision but thinking back now as I talk about the entire journey, I’m glad for that moment of impulse.

Firstly, I think the pressure of doing this as a module really forced me to produce something. They say that having great ideas are nothing if these ideas remain as ideas. TE pushed me to turn an idea into something real. Flitch would not have been produced within such a short period of time without TE's deadlines haha.

Of course, I am extremely thankful to have found a team outside of this class that shared my passion and joined me in this journey. I honestly do not think that I would have survived without them. What they provided me with through this journey was not just their expertise but also constant support, care and guidance assuring me that thing will work out and I am not alone. I am not good with everything but they accepted me and still saw me as a valuable person to work with. They were the ones who gave me the opportunity and chance to learn onsite and helped me whenever I met with a deadlock/difficulty. I really learnt a lot of things from them within a short period of time.

Moving forward, my journey with flitch has barely began. It still feels surreal that we’ll have a working app of our idea in a few weeks time. Everyone will get to use it. We’re finally doing something real. For all that I am able to achieve till this day, I would like to thank the prof and everyone in class to have given me a lot of feedback and ideas to work on.

To the class: I am especially thankful to those who would come up to me during break times to talk to me about flitch, provide me with feedback, or just wished me good luck with my project. I feel that the journey of entrepreneurship really becomes much easier when there are like minded individuals around me helping me along. Its a good thing that we do not see one another as competitors but fellow entrepreneurs building different businesses. This is definitely something completely different from the other mods that I have taken in SMU. Even though I am doing the project alone in class, I also many new friends. That is one of the best takeaway from my TE journey too.

To Ronald (TA): Thank you for helping me out with everything as much as you could, be it answering my queries, reminding me about deadlines or just checking my progress.

To prof: Thank you prof allowing me to pursue something that I’m passionate about and giving me the leeway and time to make things work. I remember you warned me about how difficult this journey was going to be when I proposed to do this on my own. Indeed it was, thank you for setting the right mindset for me right from the beginning.

To anybody who might want to do the same thing as I did, prof would probably tell you the same thing. I would too. But I would also like to add on that yes, it is going to be difficult but it is what will make your journey greater than ever.

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Apr 12, 2013
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You are very brave NEW
by: Eddy

Hey Yvonne :) You are one of the bravest if not bravest person I've encountered. Im sure your decision to pursue your dreams alone has proven to be better. I wish you success in your future endeavors

Apr 07, 2013
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Lonely journey worthwhile NEW
by: Div Teng

Entrepreneurship is a lonely journey but it is also one that you can forge many new relationships along the way. It is a story where people can be inspired by and know that they can do it too.

Apr 07, 2013
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Great job Yvonne! NEW
by: Grace Chan

I still find it very amazing how you managed to put everything up by yourself in such a short amount of time. You are truly amazing! I wish you the best for your business and am looking forward to the launch of FLITCH! :D

Apr 07, 2013
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AWESOME FLITCH NEW
by: Zhen Yi

I really admired how courageously you were to be able to work on a business idea that you have passion in!!! Hope to see Flitch succeed to future!! Thanks for being such an inspiration! :)

Apr 06, 2013
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Comment NEW
by: Brendan

Hey Yvonne! I really liked that you had so much passion in the business idea that you had chosen and iterated. Your business idea was the first one I was really impressed with right from the start! Keep pivoting and all the best :)

Apr 05, 2013
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Three Cheers! NEW
by: Anonymous

Hi Yvonne,

I applaud your bravery in taking on a business on your own. It's truly remarkable. All the best!

Cheers,
Koi

Apr 05, 2013
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WOW NEW
by: Anonymous

Congrats Yvonne :D U r truly amazing to be able to complete the whole module alone. I can see that u have a will made of steel and a heart made of fire. Hang in there and I'm sure you will succeed in the near future !!

Apr 05, 2013
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=D NEW
by: Serena Yong

Hi Yvonne,
I think you are crazy but I also think you are amazing! But sometimes, all it takes is really a leap of faith. I really hope to see Flitch succeed! All the best!!!

Apr 05, 2013
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Go the distance NEW
by: Syazlina

Hey yvonne! Thanks for sharing with us your crazy journey. At the start i honestly did think you were crazy for wanting to take on a business idea alone. But after your first few presentations, it was evident that it was the 'crazy' that really made it work. What you achieved is really admirable and inspiring! Im so glad you found a great team to take your brainchild forward. I love your designs and visuals, and i hope this really takes off! Keep up that fighting spirit all the way!!

Apr 05, 2013
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Hey NEW
by: Thanh

Hey Yvonne I thought you've done a lot with your business. Was impressed by your team and also passion with this project. I wish you all the best with your venture!

Apr 04, 2013
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Launch of Flitch(: NEW
by: Wen Qi

Hello Yvonne,
glad to see how you managed to successfully develop your business idea you had in mind through this TE journey and i believe all these will not be possible without your strong passion in this business. Though you may have faced tough times of rushing deadlines, i'm sure you have gained a much valuable experience of good time management skills which in fact is important especially for new start ups in building up its business. This will surely come in handy for you as you embark on your entrepreneurial journey and i wish you all the best(: Looking forward to the launch of FLITCH!(:

Apr 04, 2013
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Congrats! NEW
by: Maryam

Hey Yvonne! I really admire you for having the courage to do this project alone! Having gone through the journey, I don't think I would be able to do this alone especially with all the crazy deadlines. You're very lucky to have an amazing team outside of the class to support you too. I really loved the prototype you showed in class and I really wish you all the best with Flitch. I will definitely be a user of it once you've launched it (:

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MGMT324 - 2013/Term 2 - KiewWeixing

by Kiew Weixing
(Singapore)


In the beginning of 11 weeks, I honestly did not know what to expect about this course. Furthermore, I wasn't too clear about entrepreneurship as well as the greater details about the subject. It was truly a step into the unknown.

However, I started warming up to the course almost immediately. While the risks of being an entrepreneur was highlighted during class, the potential gains are more than enough to push us to do our very best in it. Although there were many challenges to handle, we all saw it as a means to improve and spur ourselves forwards. For example, the pricing scheme proved difficult to settle as there were many factors to take into consideration, such as whether the buyer or the seller should take up the bulk costs. The skills and qualities we developed as a whole are sure to help us in our entrepreneurship journey.

One positive note was how my team really worked together and put in all our effort. We encouraged each other when times were depressing and identified key points where we can improve on. Our friendship blossomed and we all became fast friends quickly. The product we came up with reflected our teamwork and attitude towards our class.

Overall, the entrepreneurship route was an extremely satisfying one. Given another chance, I would not hesitate to do this course again.

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Apr 05, 2013
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Elastic NEW
by: Xin Ni

Hey waxing

I agree that knowing the potential risks and gains of your startup is the very first step towards the business! Thanks for bringing so much laughter to the group although I don't know why the guys like to make fun of you so much! Enjoy your remaining 999 steps in SMU!

Apr 04, 2013
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Potentials & gains of entrepreneurship NEW
by: Wen Qi

Hi Weixing,
I agree with you that my perspective of entrepreneurship has broaden through this course and starting a business no longer seems like a far and unachievable goal. Hope we can apply what we have learnt in this course to our entrepreneurial journey in the near future. All the best(:

Apr 04, 2013
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All the best! NEW
by: Baona

Hi Weixing! Wow. Glad to read that you had a great team too (: Since that's the case, do deeply consider the prospect of taking the project further! All the best! (:

Apr 04, 2013
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:) NEW
by: Fabian Ng

Well done! Sounds like this course really helped us a lot! :) Hopefully we'll be able to apply what we have learnt here to the real world.

Apr 04, 2013
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HAHA! NEW
by: Andre

You're one of those quieter people who do work quietly. Thanks for your silent contributions and we all appreciate the special humour you inject to the group. Above all, thanks for being so willing to help out with the business plan.

Apr 03, 2013
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Elastic NEW
by: LiYing

Hi Weixing,

Indeed pricing models are an issue many start-ups consider carefully before marketing to their customers!

Thank you for sharing & all the best in your future endeavours!

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hey Weixing! Thanks for sharing! I could definitely relate to your post about the friendships in your team blossoming because our group had a similar experience. There were many ups and downs, hiccups and successes but in the end, we managed to come through together as a group and come out as friends. And hopefully, future business partners! Cheers

Apr 03, 2013
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Great Reflection NEW
by: Thomas

Sounds like this course helped you a lot! I know it sure did for me :)

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TE-2012/13Team2-Teo Baona

by Baona
(Singapore)

us blending tea at our 'Tea Party' - that's what we call our meetings :)

us blending tea at our 'Tea Party' - that's what we call our meetings :)

I've been wishing to start up my own business since Year 1 in SMU. However, finding the right business partners was a big hindrance for me. Just when I thought I would have to realise this dream by taking a break after graduation, this module has brought me to it, so incidentally. The classroom became such a friendly environment that encouraged and pushed us towards entrepreneurship, and so, we did.

Throughout the past 13 weeks, I have gained valuable insights and here are some that I would like to share:

1) Taking Initiative.
Taking initiative is important in a team. No one wants to force anyone to do anything and sometimes the best thing you can do for others is to tell them what you want to do, early.

2) It is blessing to have a great team.
I have always wanted to start up, but it seemed like such a feat when I was a lone ranger. Now that I have a great team, I could already see the dream coming true. We all put in much effort, yet perhaps because we were doing things that we are comfortable with, be it writing, marketing, designing, taking photos or creating websites, it was no less enjoyable.

3) Leadership is knowing when to follow, and lead.
It is about trying to give everyone a chance to be heard, including yourself. When you really think there is a need to voice your opinions, do not shy away. It does not feel good to realise later that the process was hindered because of something that you had thought of but did not bring up. So what if you have thought of it, but did not make it known?

4) Learning can be incidental.
Throughout this journey of building Tea by Blank, there were no books but I really learnt a lot. Surprisingly, I realise how the knowledge we gained in the past through other business modules can be applied so effortlessly here.

5) Do everything well, small or big, graded or not.
Easier said than done, many might think. However, I think it's that that made my team bond so well together, that allowed me to take away a lot from this module. Booth day - technically, it's not 'graded' but my team put in our best. We came up with a concept, designed and prepared the marketing collaterals, sourced and got logistics, dressed up, etc. We might have done more than the bare requirements, but I believe we gained more than expected too.


I am thankful for the class of enthusiastic individuals who shared their thoughts and insights freely, be it online or in class. Also, I am thankful for the flexibility of the class, where Prof allowed the 10 of us to stay together, when the recommended size was 5-9; thankful for the time that we were given to discuss about the business during class so that it's possible for us to manage this alongside other modules.

Most importantly, I am thankful for such a talented team, which has bonded so well over the past 13 weeks. The laughter that we shared was most valuable and because we have decided to take this business further, this is only the beginning. Definitely looking forward to the exciting times ahead :)

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Apr 06, 2013
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Comment NEW
by: Brendan

Hey there :) I agree that having a great team is a blessing. There are so many things that are beyond the control of the leader and having a great team means that you can trust and rely on your members to do a job well done! And of course, have a great time in the process :) Talk soon!

Apr 05, 2013
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Hey Mdm CEO! NEW
by: Maryam

Hey Baona! I'm very very glad that you ended up staying in TE (despite the whole dramatic twist on the day of our first meeting -you know what I'm talking about). I relate to all the things you listed here, especially that it is important to do everything well, whether it is graded or not. The fact that the team did everything possible that was way beyond the course requirements really showed everyone's passion and commitment to TBB, and I think that is what will bring TBB to great heights in the future. Looking forward to working with you on this start up! Tea By Forever!

Apr 05, 2013
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Best CEO! NEW
by: Anonymous

Hi CEO!

Thank you for leading us so well! It was really enjoyable starting a business with you!:D


Apr 04, 2013
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Do everything well NEW
by: Wen Qi

Hi Baona,
I do agree with you that it is important to do everything well, good or bad, graded or not though it is indeed not an easy task that requires great discipline. I have however see the importance of this through this course as every breakout sessions in class may not be graded but in fact all these will sum up to constitute our biz plan. Thus if we can do our best in every of these sections and get the useful feedback from our peers and prof, it is saving us loads of time in refining and improving our biz plan for the final submission(:

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TE-2012/2013Term2-James Lee

by James Lee
(Singapore)

Tea Blending Sessions at Maryam's

Tea Blending Sessions at Maryam's

Tea Blending Sessions at Maryam's
Not-so-professional Management Photo
My Very Own Tea Blend

I will be reflecting on the journey of our team which, I would say, was the most integral part of this project for me. The beginning of the journey took off with mixed feelings of doubt and uncertainty. The question of how the ten of us actually got into the same group was one of chance and mere coincidence. Few of us knew each other as acquaintances but that was soon going to change. I now know that the progress we made as a group and how well we synergized together was not by mere coincidence or chance but by how we complemented each others' skillsets and how we managed to build each other from the ground up.

Too many cooks spoil the broth - that is the usual saying. But for us, 10 was just the right number. We went on to do things that each of us could not accomplish if we were just a single individual. Pooling our time, resources and expertise together, we really managed to create a lot more value as a team. I wrote this reflection about the team because I found that each and every member of it was crucial in the process of starting this business. This is not the end, however, we're going to move forward with bringing this business to fruition and I hope that things will continue to run as smoothly as they have been going for these 13 weeks!

I would like to thank Prof Pam for her guidance and unflinching support for our project and team as well as Ronald our TA who has helped us time and time again for all matter of enquiries!

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Apr 07, 2013
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Awesome group NEW
by: Karl Mak

Glad to hear your group had fu!

The photos are lovely, may tea by blank be a reality soon!

Will definitely support!

Apr 07, 2013
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You guys were great! NEW
by: Zhen Yi

Your team's really big, but everyone has such a distinct role, and irreplaceable in the team. It was really great watching you guys being so passionate about your business idea! All the best!!

Apr 04, 2013
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Great Job! NEW
by: Maryam

Aww your post is too sweet! I'll agree with you that every team member was really fundamental to making this project a success and it was fun having you in the team (despite the intense tea blend competition (P.S. TROPICAL WHITE TEA FOREVER!!)). Looking forward to getting TBB off the ground! (:


Apr 04, 2013
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every member is crucial(: NEW
by: Wen Qi

Hi James,
Definitely agree with you on the point that in every team work we do, every member's contributions are crucial as similar to a missing piece of puzzle, the picture is never complete. Great to see how close your group is a especially the large group size. Stay close(:

Apr 04, 2013
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Félicitations ! NEW
by: Louis-Clément

Hey James,

thank you for sharing with us your experience as a member of a big team. What you guys did is really impressive. Communicating must have been a crucial aspect to bring this smart idea to a successful concept !

As we say in french: Félicitations !

Apr 04, 2013
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KUDOS NEW
by: Fabian Ng

I really really loved everything about your project, and i do think that you have really done a good job with it! :)

Apr 04, 2013
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Nice job! NEW
by: Andre

Hi James, I appreciate the hard work that you and your group have put in, it's such a joy to see a group which truly enjoys their project. Of course, I'm sure there are lots of hard work behind such a beautiful project, but isn't that part of the fun?:)

Great job!

Apr 03, 2013
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Tea by James NEW
by: LiYing

Thank you for sharing about your team experiences!

Indeed the effort & thought put in to the entire start-up was immensely impressive.

Hope to see it brought live!

Apr 03, 2013
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Tea By laaa NEW
by: Serena Yong

James, your post makes me wanna cry. Yes, too many cooks spoil the broth, but we are also all chef masters of our own, bringing to the team the little touch/expertise that makes us achieve what we have today. So 3 cheers to our future.

Apr 03, 2013
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Yay we are the best! NEW
by: Baona

Very glad to work with you again after 2 years and I'm so sure we're enjoying ourselves much more now ;) Thank you for being such a wonderful team mate. Looking forward to more great times ahead! :D

Apr 03, 2013
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Had a great time working with you NEW
by: Thomas

James was a great teammate! It was a pleasure to work with him on our tea business.

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TE-2012/13Term2- Andre Tanzil

by Andre
(Singapore, SMU )

With a group size of 9, at first I thought that this is gonna be a disaster.

Turned out i was right, it was one big disaster! We had such a fun mix of people: nonsensical, downright ridiculously funny, serious, playful, sleeper, late-comers and of course, FUN!

It was such a whirlwind process that i didn't feel like i was in smu while doing the project for this class. Due to the nature of the class and the PROF, we were given so much freedom to do things the way we want without strict or even clear-cut guidelines.

Yes, some people might say that's extremely unfair since we don't know what the prof wants. But i think in a way, it forces us to take a risk and see if the prof likes our work or not. Oh wells, i had too much fun to really care about the grading system actually.

Thanks prof and to my team ELASTIC, it had been so much fun haha! Special mention goes to our ultimate joker in the group. A low-profile but superbly hilarious, definitely one of a kind joker, not the usual joker.

To the rest, it's been my honour and privilege. Keep in touch in whatsapp! Don't quit la...admin please don't kick anyone out :p

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Apr 07, 2013
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MR KIEW NEW
by: Karl Mak

Mr Kiew is our ultimate joke master,

Glad you had fun Andre, may your entrepreneurial journey begin here for you!

Keep in touch!

Apr 06, 2013
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ANDRE!!! NEW
by: Jayrius

Hey Andre!

Gosh I love your infectious attitude and laughter towards work. You brighten up everyone's day with your constant trolling and you are always making us laugh at WeiXing.

I enjoyed working with you alot, and I hope in future we can work together again.

Best of luck in your future endeavours, cya in the outside world.

Apr 05, 2013
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Elastic NEW
by: Andre

Hey Andre

I picked up a lot of business knowledge, as well as interactional skills from the course too. Thanks for bringing us laughter by living in your own delusional world! I never knew if you were serious about the whole 'cancel' thing! But other than that, you were quite on the ball! Keep it up!

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TE-2012/2013Term2-Fabian Ng


TE has definitely been one of the best classes i've ever taken in SMU. I'm so glad to have taken this course during my last semester, and I can definitely say that I have learnt so much throughout the weeks! What i really enjoyed about the lessons was that we really got to work on a business idea that we were truly passionate about, and I think that passion really motivates someone to pursue something. Even though my group had a last minute change in our business plan (changing from a cafe/bar concept to a mobile food truck), we did what we thought was best for the business, and we are always looking for new ways to fine tune our business! I also learnt that it is very important to make a good sales pitch, and the success/failure of your business really boils down to how well the pitch went. For that, i'm very thankful for the opportunity that has been given to our class pertaining to the elevator pitch.

Overall, I'm so thankful for the guidance of Prof Pamela. She has really brought so much into the course! I'll definitely miss all the time spent working on the project in a school setting, and we hope to take it further!

P.S. I hope i don't forget to do the end of year course evaluation!

Fab

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Apr 07, 2013
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Big Risk, Big Returns NEW
by: Syazlina

Hey Fabian, thanks for sharing your journey. I just wanted to say, it was really brave for your team to change your business idea so late into the term. It's not easy to let go of a business idea you've been working on for so long. Nonetheless, i think your final idea is really cool and novel, so congrats on taking the risky, courageous step towards improvement!

Apr 07, 2013
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Great Idea NEW
by: Zhen Yi

I think the food truck idea you guys came out with was really innovative and it may just be the next big thing in Singapore. Was really hoping that there was some kind of mobile cafe just like those in the US. Hope to see your team's business idea happening in future!

Apr 06, 2013
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Comment NEW
by: Brendan

Hey Fabian, yes I think passion is not only evident from pursuing our own business ideas, but also, the passion shows through when we watch each other present their ideas! Great job with the mobile foodtruck idea!

Apr 05, 2013
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Awesome NEW
by: Louis-Clément

Hey Fab,

Thanks for sharing with us. indeed we changed our business concept at the last minute but as you mentioned adaptability is key and I think we did a great job.
It has been a real pleasure to work with you.
I hope I will see you in France.
Cheers mate !

LC

Apr 05, 2013
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Jia you! NEW
by: Serena Vanderwood

Hi Fab,
Agree that the pitch was really useful. I was quite apprehensive abt pitching the biz ideas to people who came by the booth cuz I didnt know how will the biz idea be received. But Im sure we have learnt how to sell our idea through this given opportunity. Great knowing you in class!

Apr 04, 2013
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Hey NEW
by: Thanh

Hey Fabian, great thoughts bro hahaha! It was definitely a pleasure working with you!

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TE-2012/13 Term2- Chee Wen Qi

Quint Group First Meeting(:

Quint Group First Meeting(:

I entered this course without any idea on entrepreneurship and do not have a rough business idea in mind. Thus I entered the Quintessential Cosmetics group with an open mind and cooperated with my group mates to embark on an entrepreneurship journey on the cosmetics and golden ratio idea.

The every class session where we presented parts of our business plan is really good opportunity for us to improve on our business plan due to valuable opinions we get from our prof, Ronald and our fellow classmates. This is especially beneficial for those who are starting on a business as where else can we get a class of people, many with entrepreneurship backgrounds to give us helpful advice and insightful ideas. It is through feedback we gather from our short presentations every class where our group realized much on the flaws of our business which we did not notice during our group discussions initially.

The turning point of our project came during the recess week where we decided to change our business idea quite a bit without focusing too much on golden ratio surgery. I guess one thing pointed out by a guest in class which I felt was really important is that we as business owners should also be willing to become customers of our business. So if we are not convinced of what we sell, how else can we sell this idea to others? I was glad our group managed to cooperate and change our respective parts in time for the guest seminar and business plan though this decision to alter our business idea came quite late.

All in all, thank you Prof Pamela Lim for all her guidance and providing us with interesting real life examples of doing business. The step by step guide on different stages of building our business idea and plan has brought my entrepreneurship knowledge to greater heights. I am glad to say that I now am more aware of what to expect when doing a business which I believe will be beneficial for me in the future to come. My takeaway from working with my group on developing the business idea and plan has allow me to see the importance of trust, communication and forging close and amicable relationship with the people we are planning to start a business in. Thank you also to our TA Ronald and fellow classmates for all your sharing which has broaden my perspective of entrepreneurship.

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Apr 12, 2013
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:D NEW
by: Eddy

Hey Wenqi...I felt that your contribution in the team had been very important. I applaud your effort and peserverence with our team throughout the 13 weeks. I wish you success in your future endeavors.

Apr 12, 2013
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:D NEW
by: Anonymous

Hey Wenqi...I felt that your contribution in the team had been very important. I applaud your effort and peserverence with our team throughout the 13 weeks. I wish you success in your future endeavors.

Apr 07, 2013
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Hello! NEW
by: Anonymous

Hi Wenqi, glad that your project worked out nicely! I agree with your point that in the process of a start-up, constant feedback is very important to identify the major issues in which you encounter in the process of working. I also liked how you stated that as entrepreneurs, we must be able to embrace our own product before offering it to others so that we truly believe in it. All the best for your future efforts and hope to see you soon!

Apr 07, 2013
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Beliefs NEW
by: Zhen Yi

Hey Wenqi, I totally agree in you that having beliefs in your business idea really is extremely important in succeeding in the business. Doing something in what you do not believe in is extremely difficult to keep up with. This lesson learnt is extremely critical to us and let us be reminded that what we do should be what we believe in! Great time working with you as usual! AWESOME FRIEND! :D

Apr 07, 2013
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Beliefs NEW
by: Zhen Yi

Hey Wenqi, I totally agree in you that having beliefs in your business idea really is extremely important in succeeding in the business. Doing something in what you do not believe in is extremely difficult to keep up with. This lesson learnt is extremely critical to us and let us be reminded that what we do should be what we believe in! Great time working with you as usual! AWESOME FRIEND! :D

Apr 05, 2013
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Comments NEW
by: Shermaine

I initially thought that your business idea was really out of this world crazy! But on hindsight, my parents do believe in such superstitious stuff, so hence I think there is still a very large untapped market that you guys are able to leverage on. Keep up the good work!

Apr 04, 2013
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being your own customers :) NEW
by: Baona

Hi Wen Qi! Thank you for sharing! I felt that your learning point about having to be willing to be your own customer of your products is so important! i was working on a blog shop with my best friend then I realise I wasn't even keen to wear some clothes we brought in. Glad you took away such critical lessons from this class. All the best!

Apr 04, 2013
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Adaptability is key ! NEW
by: Louis-Clément

Hi Wen Qi,

You said something that I find very relevant: "business owners should also be willing to become customers of our business."
I think your decision to change your business concept was great, we did the same at LaGom for different reasons. Don't forget that being an entrepreneur means being able to constantly adapt to the changing environment !

Good luck for the future,

Cheers,

LC

Apr 04, 2013
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:) NEW
by: Fabian Ng

I can really see the journey that you guys took, and it really is a job well done! :)

Apr 04, 2013
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wow! NEW
by: Andre

Hi Wen Qi, honestly, I applaud your group's bravery to venture into the Hong Kong/China market. The prospect of venturing into an unknown territory is daunting to me, but you guys bravely took it up and even had a revamp of your project mid-way. That's really great and I learnt that it's ok to refine ideas. Good job and I enjoyed your presentations!

Apr 03, 2013
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Afterthoughts and comments NEW
by: James Lee

Hey Wen Qi, thanks for sharing! It's great that you learned a lot from the concepts taught in class and I also felt that it is commendable that your group can change their views based on the advice from another entrepreneur! Most groups tend to huddle closer and become more stubborn with their own idea when criticism or advice is given. All in all, great job and all the best! Cheers

Apr 03, 2013
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It's Gold NEW
by: LiYing

Thanks Wen Qi for sharing about believing in one's business to sell to others!

I think the firm idea has huge potential to expand in the Middle Kingdom.

Apr 03, 2013
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All the best! NEW
by: Serena Yong

Hi Wenqi,
Even though the business idea was altered, at least you have considered the opinions of others who care to make your idea more feasible. All the best! =)

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TE2012/13 - Shermaine

by Shermaine
(Singapore)

We all know that starting a business of your own is never easy. The road is arduous and full of obstacles. For a person with a serious aversion to anything related to finance and mathematics, it was clearly challenging. However, it really does help to work in a group with like-minded people who share the same beliefs and dreams as you to set up their own companies and businesses.

A business needs your utmost attention and tender loving care in the initial phases of it. Patience and perseverance is essential to this, no matter how cliche it sounds.

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Apr 06, 2013
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Hello NEW
by: Jayrius

Hi Shermaine,

I agree with you that a business needs our utmost attention and tender loving care in the initial phases of it; and that patience and perseverance is essential to this, no matter how cliche it sounds.

That's what make it fun and challenging at the same time, I guess.

Hope you experience success in your future venture!

Apr 06, 2013
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Comment NEW
by: Brendan

Perseverance is so important in entrepreneurship, and Life in general I guess. Thanks for being a part of the class :)

Apr 05, 2013
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Team Mate NEW
by: Louis-Clément

Hi Shermaine,

What you mentioned about having a team of like minded is indeed crucial. I am very happy that we got to work together and brought this labexpress project to life.
I hope I'll see you in Paris.
All the best,

Louis-Clément

Apr 05, 2013
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Hi! NEW
by: Serena vanderwood

Hi Shermaine,
Totally agree with that a business needs alot of focus as well as energy. And the people in the business is very important as well. The people in Lagom have so much spunk. All the best with Lagom!

Apr 05, 2013
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Shermaine NEW
by: Xin Ni

Hey Shermaine

I agree that starting a business is not easy! I understand that it is especially tough for one who find finance intolerable! Glad to see you enjoy your project so much! All the best in your future endeavors!

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TE-2012/13T2-Peh Xue Yin

To be honest, I took the class because I needed to clear T&E module and the class fitted right into my timetable and also had no pre-requisites. Even so, I wanted to take a class under a professor that I was familiar and whose teaching style suited my learning, so I chose to take Technological Entrepreneurship under Prof. Pam Lim. Needless to say it has been such a journey. I've learnt a lot about starting up a company in Singapore (and also a little about doing so overseas) and also forged new friendships while strengthening old ones. Taking this course has contributed to a meaningful end to my four years in this institution. For this, I am very thankful.

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Apr 12, 2013
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:) NEW
by: QIQIAN

Hi XueYin,

Yup, the friendship formed is certainly something that I will cherish. And maybe in the future, when we meet up together, it will be so amazing to see how things have changes and definitely TE plays a significant role in leting us know that there is a greater world out there for us to explore! happy graduation!

Cheers,
Qiqian

Apr 12, 2013
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Congratulations NEW
by: Eddy

Congratulations on your graduation :)) May you succeed in life and work in the future to come.

Cheers

Apr 12, 2013
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All the best NEW
by: Shawn Lim

Hope the mod inspire you to do your own thing!

best,
shawn

Apr 09, 2013
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Congrats! NEW
by: Jingwei

Hey Xue Yin,

Congrats on graduating! All the best for your future endeavours! :D

- Jing

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TE-2012/13T2-Grace Chan




Never would I have imagined that the business idea birthed forth from a business plan competition would be recognized or be of any interest to practitioners and venture capitalists. We have come such a long way and made so much progress that what was once merely a thought in the mind has almost become a real business. It would be really amazing if our business were executed!

Without doubt, coming up with a solid business plan wasn’t an easy task to begin with. It couldn’t have been done without the advice of Professor Pamela and industry experts like Dr Sk Tan, the class, and of course our cooperative team. During the drafting of our business plan, we had to make many major changes along the way. Through our market research we strived to create a business that would suit the taste and preferences of our target market. Sometimes we even changed the target market itself! Finally, we made the critical decision to modify our business idea from anchoring onto cosmetic surgeries to anchoring onto cosmetic products. We also changed our company name to Quintessential Cosmetics. To be an entrepreneur, we have to be courageous. This courage includes being bold enough to accept criticisms and face rejection. We also have to be open to changes, yet focused enough to stay on course in order to make our business ideas come alive.

Besides being in an entrepreneurial club and opening up a small café in my junior college, I knew very little about setting up a business or entrepreneurship. With this miniscule amount of knowledge I came into the Technological Entrepreneurship class not knowing what I was in for. I must say it has been a truly wonderful learning journey for me and I am very thankful to be able to learn from the different experts in the field, especially Professor Pamela herself! The class has definitely equipped me with the skills and knowledge necessary to assist my partner in life and his future business ventures. As a final semester student, it was definitely a good end to my SMU life.

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Apr 12, 2013
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(: NEW
by: Qiqian

Hey grace, 

Mentioning the part about dr ks tan, I totally agree with you. As an entrepreneur, we have to be bold enough to accept criticism and even change accordingly. On a personal note, it's really great working with you. And happy graduation and all the best for your future endeavour!!

Cheers,
Qiqian

Apr 12, 2013
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Congratulations NEW
by: Eddy

Hey Grace

Congratulations we are both graduating...The TE course is really tedious but fruitful I must say...It was nice knowing Div through you :) and I wish the both of you all the best in you future endeavors.

Apr 09, 2013
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All the best! NEW
by: Jingwei

Hey Grace!

All the best for your future endeavours! I'm sure that the experience picked up in JC and in uni will be invaluable in helping you succeed! :D

- Jing

Apr 08, 2013
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Tenacity NEW
by: Div Teng

I've always been commending you about your determination to accomplish what you set out to do. No matter how much fire to fight and how much nights to toil you always put on a smile and say let's do it.
They say to find a friend who is willing to walk through unknown waters is a blessing then for me who found a wife willing to do so much be the best blessing and fortune anyone could ever have.

Apr 08, 2013
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:) NEW
by: Diana Teo

Hey Grace,

Just wanted to let you know that I'm really impressed with the enthusiasm from your team throughout the TE course.

Believing that Div & yourself will achieve greater things next time!

Apr 07, 2013
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Happy Graduation NEW
by: Shawn Lim

Hi Grace,
Glad to hear you are graduating. I hope your experience in TE, in entrepreneurial clubs and your cafe has prepared you enough to start something cool on your own.

All the best!

Apr 06, 2013
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:) NEW
by: Jayrius

Hi Grace,

I think taking this course is the perfect complement to your experiences in entrepreneurship clubs. Hope that you have found it helpful in helping you develop a successful business!

Best of luck, happy graduation!

Apr 06, 2013
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:) NEW
by: Anonymous

Hi Grace,

I think taking this course is the perfect complement to your experiences in entrepreneurship clubs. Hope that you have found it helpful in helping you develop a successful business!

Best of luck, happy graduation!

Apr 06, 2013
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Congrats NEW
by: Terence Chua

Hi Grace

Congrats on completing your final semester in SMU. I look forward to seeing you and Div run your own entrepreneurial business next time. All the best and Happy Graduation!

Apr 05, 2013
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Quintessential NEW
by: LiYing

Thanks for sharing Grace!

As a final year student on her last semester, TE

also has given me fresh perspective into student

entrepreneurship from a practical vantage.

All the best in your future endeavors!

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Technological Entrepreneurship- 2012/13 term 2- mingxiu ho

by Mingxiu Ho
(Singapore)

The name sounds like something technological. That was my first impression. I am not new to the entrepreneurship arena. Having previously run 2 tech startups and running my own online biz now, i am actually curious to see what else can this course offer.

The first lesson Pam said that the name was a wrong representation of what she was going to teach. She was actually going to teach entrepreneurship in general, and get students to actually startup something.

Ok, sounds good.

Many students might find that if they are not starting what they are interested in, they may find that the course has nothing much (notes, books, things to study, theories etc). Most students are still looking at this course through an academic lens ( technically it is an academic uni course) and finding for ways to improve their grades, their gpa and how to excel for this course.

But i believe that this course is not built this way. It is not what interest Pam. It is about what interest you to startup something that runs the intersection between your interests, skills and drive... of course making economical and business sense.

And, i am glad that there's nothing much theoretical to study and stuff my mind. Im glad with the uncertainty that the course has to offer and having most questions thrown back to you in a socratic manner, because that's how reality functions.

There's no prof in reality telling you the right answers. We have to get used to making quick decisions with uncertainty and throwing it out to the world and see how it goes. The world is your teacher.

All in all, this course might be better if its the group size is not too big (you don't see successful startups with 8-10 founding members) and people actually have something concrete that they wanna start.

P.s.To be able to hear Pam's experiences and her decision-making process is the biggest takeaway of the course.

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Apr 13, 2013
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Couldn't agree more. NEW
by: Hu Jiaming

I agree that this course allowed the students to think about an idea, it could be a lingering idea in their mind, convince their teammates that this is a good idea and then set forth to execute it. It provided the opportunity for one to get their ideas out of their minds and onto a proper business document, with experience in meeting and learning from fellow peers.

Apr 12, 2013
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hey NEW
by: Shawn Lim

It was a pleasure having you around in the team.
I think you exposed me to the area of SEO.

thanks

best,
Shawn

Apr 12, 2013
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all the best! NEW
by: Diana Teo

i will never forget your story on how you started your business. i'm am encouraged to have met yet another person who hasn't conformed to the rat race in SMU in this class. enjoy your exchange and all the best for your business!

Apr 11, 2013
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The world is your teacher NEW
by: Dee Chong

Kudos to Mingxiu,

Its be a pleasure working with you! And thanks for constantly sharing your personal experience and insights to entrepreneurship with me. I agree that reality is always different from what we learn in school and thats why i enjoyed this class so much. Though it may be only a mini replica and not so accurate replica of starting a business in the real world, it is the closest most can get to within 14 weeks. All the best in your future endeavours!

Apr 08, 2013
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Nicely put :) NEW
by: Junlong

Hey MX!! You filled up the gaps in what I did not mention in my journal :) I think what is amazing about Prof is that she does not rely too much on the textbook and stresses on the fact that we should stop thinking about what the Prof wants and start thinking about what we want to achieve instead! :)

All the best for your future endeavours!!

Apr 07, 2013
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All the best! NEW
by: Jingwei

Hey MingXiu,

Thank you for all your technical expertise! Your experience founding and running start-ups have been invaluable in helping us through this start-up!

Once thing I picked up from you is to not be afraid and JUST DO IT! Thanks for affecting the entire team with this spirit! All the best for your future endeavours! :D

- Jing

Apr 07, 2013
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The world is your teacher! NEW
by: LI QIQIAN

True, there is no much stuff to revise and no textbook! Again you remind me that the reality is mush harsh out there when you say "the world is your teacher". Also, you mention that it's hard to manage a big group. But I feel that it's really challenging and meaningful when you make so many friends along the way! Lastly, have the same consensus as you, I really enjoy hearing prof's own experiences too, which is kind of hard to get from prof in other modules so far! All the best for ur future business endeavors(:

Apr 06, 2013
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:) NEW
by: Jayrius

Hi Mingxiu,

I agree with you that in this class there is no prof telling us what to do. I completely enjoyed this kind of teaching, as it allowed us to stumble upon problems and require us to solve it ourselves.

Hope you enjoyed the class as much as I did :)

Apr 06, 2013
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Comment NEW
by: Brendan

"The world is your teacher" :) I like that! Thanks a lot for sharing your experiences in Internet Advertising, all the best expanding the online biz :)

Apr 06, 2013
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Same Sentiments NEW
by: Terence Chua

Hi Mingxiu

I completely agree with you and like your comments. The most rewarding experience from this course must be through learning from Professor Pamela about her real life experiences and being less bothered about theory which really isn't relevant in the real world. All the best!

Apr 06, 2013
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No Prof telling us what to do NEW
by: He Zongyi

I agree with you on the point of how "There is no Prof in reality telling us what to do."

As a piano teacher, I give Mini Performances (just play a short piece) for my students every week.

I have one student, that just can't stop asking me, "Teacher, What is this piece about? What is the story?"

The reason she asked me this, is because I used to tell stories when I play piano when she was younger, to instill interest.

From then on, she demanded that I tell a story with every piano piece I play.

There are some F words going on in my head at some point in time, and I asked her, "Dear student, why not you just listen to the music, and let me know what you think?"

To all naive students in the world, your teacher guides you, not tell you what to do ok...

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TE-2012/13Term2-Div Teng Sheng Yi

by Div Teng
(Singapore)




I have been providing entertainment services in the last year, gaining some recognition and media coverage. I vowed never to do a business with high leasing cost -brick and mortar business. However no businessman would let a good opportunity slip pass.
Hence, spotting the market gap in cosmetics services and products, I thought to myself, why not.

We first had the opportunity to test out this idea through a competition. However the stage we brought the business plan into TE class for sharpening was way far from what we are bringing out. We started off aiming to sell only to men cosmetic services to make everyone look like their golden ratio. However after much iron sharpen iron from the class, Professor Pamela and many industry experts such as Dr Tan, we ended with a new anchor business department - cosmetic products of premium quality that really works because of scalability. On the other hand, as much as we provide a full spectrum of beauty treatment, the true purpose of the cosmetic services will merely be a branding and credentials creation to boost the sales of our products.
This tells me that one key character an entrepreneur must have in his/her journey of entrepreneurship is adaptability. DSIC, my second most prevalent characteristic is C, while I still stick generally to what I do, this journey thought me to be flexible towards real needs. If we need to change to survive, better change and survive.

The journey was extra difficult for me. At least for a famous "zenness/calmness" that others know me for, this semester I felt the most number of times of anger, despair and sorrow. Early in the semester, my mother passed on after 2years and 3months of battle against cancer. I struggled to learn to manage my emotions and to the best of my ability, lead the team to another level (or success I do hope). The episode allowed me to learn to think for my team, to remember and walk on because my shoulders carry their success in the module. So often I had to face the mirror and say “Div, one more day, one more hour, they depend on you.” People ask “why do you try so hard?” Because I don't ever want to look back and say "if only i did this or if only I tried a little harder things would have been better."
On a personal level, I could not live with disappointment towards my deceased mother that I did not try hard enough.

“We cannot choose our external circumstances,
but we can always choose how to respond to them.”
- Epictetus

No man can soar in success all the time because we can't choose our circumstances. But when choosing how we respond, we can choose to care for our people and live positively.

Also in this journey, while this may be a project (or maybe a business) I felt the need of a team to trust the leader, willingness to humble to get things done. Every business is a people's business, we need everyone who believes in the cause to put in an extra mile of effort, those who don't, a full 100% and if they did all that, the team leader has to put in 10X more the effort because you want your team to know you recognise their efforts. This is a self-reinforcing cycle. It is a binding of the spirit to form a solid foundation in the business. Literally, a human wall with arms joint, shoulder to shoulder.

On an interesting note, all these years in SMU I always felt it is impossible to build a multimillion international business with its roots in Singapore. Quintessential Cosmetics with 7million revenue in the first year proved otherwise. If you see a gap, able to go niche and go mass simultaneously, a small fish can grow into a giant whale.

Perhaps a bonus takeaway unique to me was the privilege to learn under a great mentor, a business guru who saw me grow (literally from year 0 till year 3) and to have my partner in life to build this business together. It is amazing because when two can swim in unison towards one vision as a family. Success is what awaits. Have we not heard so often “behind every successful man is an amazing woman (wife).”
I thank you Professor Pamela for being such an amazing mentor and teaching that goes the extra mile for students and impacting my life. I would have given up on my degree education and people so many times if not for the many encouragements and kopi sessions. 一日为师,终身为父, perhaps in your case 终身为母(laughs a little here yet so true).我终身的感恩和敬爱。
I thank you Grace for being my amazing partner who trust your life in me (literally), for being willing to align your vision with mine and for accepting & adapting to my weaknesses, you are an amazing gift from God to me. Walking this journey to build the business (project) could not have been possible without you; this journey was also a little easier to walk because I have you.
Finally I want to thank the team for choosing me despite my weaknesses and circumstances, to trust in me to lead them. I hope I have not let you down. I cherish the friendships created and times we did work overnight many times.

Finally in closure, tasting entrepreneurship is like hitting the gym. You’ll like it. The more you engage in entrepreneurship, the more you like it. It seems to be that every entrepreneurial attempt I make is exciting. It ignites the desire to build, accumulate, dominate and transform society every time. It is a burning flame that wants to make a difference in society through the power of businesses. Even if one does not make it into a full time business but moves on to be a corporate leader, that same man or same woman, same boy or same girl will have the desire to build great businesses with great people for many people.

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MGMT324 - TERM 2013 - Le Thanh

by Le Thanh
(Singapore)

My journey in this course is a fun and fulfilling one. Before taking the course, I was expecting the class to be very stressful and difficult to manage. However, to my surprise, I've met a very nice and caring professor. At the same time, I've got to team up a a bunch of awesome people to form the best team ever - LaGom. I thought the first thing I learnt from this course is to be able to choose a team that comprise of members with dynamic skill sets and personalities; especially a team must know each other well and have the same objective. Only when a team's interests are aligned and the members have fun doing what they like can a project be done nicely. Also, the need for a mentor is very much emphasized: in life no matter how one is, one always needs a mentor, a senior who is experienced in the field to show him what to do and define a better plan for him to follow in order to succeed.

My journey with LaGom is also a unique one when we decided to change our business idea from setting up a whole bar to just renting a van. This change, however, is brought about from investors' feedback and also meticulous analysis of the situation. Judging from the quality of our latest business plan, we can proudly say that we've done well! Sometimes in life you will have to carefully listen to others' comments and improve on your idea; being confident is one thing but being stubborn is another thing.

Also my journey in the course has allowed me to make more friends in SMU, which I was really grateful for. In SMU we normally see competitive students that sometimes put their academic performance higher than friendship. But LaGom is a special bunch of people. I really enjoy the team mates' company as we just want to work as one, to achieve a common goal. No one would want to compete with anyone. This is the team spirit that I think should be spread out in Singapore. To my LaGom friends, I thank you for the great journey!

Last but not least, I would like to thank professor Pamela Lim who has put in lots of efforts in organizing the whole course. Professor Lim even takes a step further to organize a seminar with VCs coming down to listen to our business pitch. This experience, frankly, is a rare one and I will always treasure that.

And to everyone in the class, it was a fun journey and I wish you all the very best. Till we meet again.

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Apr 06, 2013
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Great Job Thanh NEW
by: Shawn Lim

Hey Thanh,

Reading your journal reminds me about how important it is to look for signs of danger and 'pivot' your startup. Pivoting is a tough decision but most of the time it is worth it.

Happy that you met a great team! I always believe that the business idea does not have to be superb but the team must be solid. A solid team stays together and adapt their skills to fit the new business idea

Wishing you all the best!

best,
Shawn

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TE-2012/13Term 2-Luo Jingwei

by Luo Jingwei
(Singapore)

At Tel Aviv Uni where we visited an incubator

At Tel Aviv Uni where we visited an incubator

Introduction

Coming back from a Business Study Mission to Israel where I learnt about the entrepreneurial culture of the country, I was itching to experience a start-up for myself. I had learnt how to critique a start-up to identify what made each of them special and successful and now I wanted to be at the other end creating the start-up for myself.

Initially, I did not know what module to take for this to be possible, but while planning for my modules, my friends Diana and Dee told me of their interest in taking Technological Entrepreneurship and so I decided to jump onto the bandwagon, not only because of the chance to be involved in a start-up, but also because of the familiarity I had when working with Diana and Dee. Prior to this, we had organized and conducted an international voluntary program to Kenya where we served at an orphanage.

Part of a Team

After our introduction to the course, we formed large teams of around eight or more people. Initially, I was quite sceptical of such a large team; experience told me that any team larger than five would be difficult to manage and also an ineffective use of resources. At first, this proved to be true, there were so many things to do and we did not know how to divide the task. Also, it was difficult for one person to know everything and as such, difficult for us to carry out our individual task with the big picture in mind. To make matters worse, we all had very different personalities and skillsets and that made seeing eye-to-eye extremely difficult.

However, after time, the team managed to work together effectively through constant communication and effective delegation. To be honest, the whole team had less than three face-to-face meetings where more than 75% of the team were present. However, we did have many other small meetings where we would work in smaller teams, and there would also be constant updates through Facebook, email, Whatsapp and a ton of other mediums. Through this, the team managed to stay aligned and work together effectively.

Our diversity also became our strength. We all had a wealth of knowledge, but it was very specialized and while this may make it extremely difficult to see eye-to-eye at first, after much communication, we were able to work together effectively, and our differences brought about much depth to our start-up.

Looking back, this was a blessing in disguise because of the immense workload and the number of people needed to start the start-up. If we had a smaller team, we would probably have not been able to accomplish our project and therefore, I am thankful for our large team and our diversity.

The Community

More than being part of a wonderful team, I was part of a community that embraced the entrepreneurial culture and spirit, and I believe that this was part of what made the class so special. My team presented on coffee breaks where founders would come together to share their ideas. Technological Entrepreneurship felt like a constant coffee break. Not only were we able to share our ideas with each other, we were able to share our ideas with our Professor, Pamela Lim, our Teaching Assistant, Ronald Lim, Venture Capitalist and many other people. This subjected our start-up to so much positive influence and I believe that it added so much depth to it.

The community was also a source of encouragement when everyone’s enthusiasm rubbed off each other. Hearing each other talk about our start-ups and seeing everyone work hard to make it a reality really encouraged me to work hard even when times were stressful. To be honest, a real source of inspiration was Yvonne who started Flitch all by herself. Whenever I feel like I have a lot to do, I’m reminded of her and her tenacity and that encourages me to continue working hard.

Learning Points

- I learnt that communication is key in ensuring alignment and coordination, especially in large teams with a tight deadline.
- I learnt that community is very important in motivating and supporting start-ups. It takes more than just a team to raise a company.
- I learnt that working in a start-up gives you a management overview where you have oversight on every detail of a company.

One More Thing

The past 14 weeks have been nothing short of extraordinary. No one would have expected thinking about and implementing a start-up in such a short time. As such, I want to thank my awesome team, Ronald, Lynn, Dee, Shawn, Ming Xiu, Clement and Diana for working with me and teaching me teamwork, to Prof Pamela and Ronald for the wonderful mentoring, to the class for the encouraging community, and to everyone who believed in our idea and contributed to us in any way and any measure. Thank you.

Comments for TE-2012/13Term 2-Luo Jingwei

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Apr 12, 2013
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:) NEW
by: Diana Teo

Hello Jing,

I'm thankful that we are working on strat together! it was fun brainstorming the strategies for cliqure etc. i can't agree more that it was really enjoyable to work in this diverse team too :)


Apr 11, 2013
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The 3 takeaways NEW
by: Dee Chong

Hi Jing Wei,

Glad that you decided to hop on the bandwagon with Diana and me. Like you, I'm very happy to be a part of Cliqure and i agree that diversity is our strength haha. I absolutely agree with your three takeaways. They are like the secret sauce to having a great start up. Look forward to seeing you with your own start up soon. Its been a pleasure working with you!

Apr 10, 2013
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Great reflection NEW
by: Jiaming

I would have to agree to your 3 takeaways. Communication is very important, effective communication. In a large team, there needs to be a leader to disseminate the information. The team over time will form the internal community, at the same time, some form of mentorship and external community helps to fine-tune and improve on the ideas.


Apr 09, 2013
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Communication NEW
by: Ang Wei Zheng

Hi Jingwei!

Glad to see you had a great time! I must fully agree with you that communication is of the utmost importance in many aspects. In small teams, it helps build trust and co-operation, in larger teams, effective communication becomes a fundamental for it to even function. As teams become more virtual, meaning coming from every where, i think the skills you picked up will become even more valuable.

Apr 08, 2013
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Yes! Communication is very important. NEW
by: Rosnauli

Hi Jingwei! Same here. I also learnt that communication is very important when working in the group setting. And it is even more so when working in a large teams where different people have different timetables and free time. Definitely effective communication is needed to ensure that what need to be done is being done well by the deadline.

Apr 07, 2013
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Communication is key NEW
by: Anonymous

Hey jingwei! It's good to hear that you had many key takeaways from this particular course. I agree with you that communication is really important in a group setting, much more in a full fledged business. Without it, there would be extra costs and confusion over the progress of the team. I hope this class have served to give you the knowledge to succeed in the entrepreneurship world!

Apr 06, 2013
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Thanks! NEW
by: Shawn Lim

Hey Jing,

It's a pleasure working with you.
I was equally skeptical about a large group but yet this group had less meetings than some of my other groups with 5 people. Haha.

I don't know if you are interested to kickstart something of your own. If you are, let's team up. Heh.

best,
Shawn

Apr 06, 2013
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Community NEW
by: Jayrius

Hi Jingwei,

Glad to see that you thoroughly enjoyed your entrepreneurship journey, just as I had.

Thank you for raising a very important point: Community. You referred to the class as a community, one that had the entrepreneurial spirit and culture. I can't agree more, this class is simply awesome.

Good luck for your future endeavours.

Apr 06, 2013
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Learning Experience NEW
by: Terence Chua

Hi Luo Jingwei

I'm glad you had such a rewarding takeaway from this course. Your group's enthusiasm in executing your business plan is so obvious that it's such a joy to watch your present. All the best in your future endeavours!

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TE-2012/2013 Term 2 - Marisa Megan Chang Law

by Marisa Megan Chang Law
(Singapore )

Taking this class was a fantastic way to further my understanding of commencing a business as well as collaborate with talented individuals. From conceptualizing an idea to refining the product offering to launching the product, we were able to strive for continuous improvement. It was great to learn by having the chance to get hands on experience and create an actual business rather than learn about starting up a business through a textbook.

Our team consisted of 10 people, which is the largest group I have worked with. Even though there were many people, our team functioned very well, as each person was able to utilize their different talents and skills. I really enjoyed working with everyone on the team. A highlight for me was definitely the tea making sessions where we were all able to create our own blends.

Prior to this course, I have been able to get a taste of what entrepreneurship is like. As an extracurricular, I was part of the Junior Achievement Company Program, which empowers high school students to create their own company. However, this course most definitely allowed me to understand the processes and steps in much more detail and on a larger scale.

As our journey comes to a close, we have learned and gained insight into the risks, rewards and challenges of starting our own company. I further reinforced the significance of teamwork, communication and dedication in order to succeed in the business world. I hope to utilize what I have learned in this class setting for future endeavours.

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MGMT324 - 2012/2013 - Eddy Lim

I would like to thank Prof. Pamela and the class for the learning opportunities presented to me. It is my final semester in SMU and TE has opened up an alternative career perspective for me.

All successful company starts with an entrepreneur, who is essentially a sales man. The entrepreneur is the one who identify a need, create a product/service and eventually bring it to the masses. He is therefore the most handsomely rewarded – as is all salesmen – because revenue is generated through sales. Indeed, business is all about selling a product/service and without which subsequent jobs will not be created in the economy. TE has thus showed me how getting the best grade and getting the best job is not necessarily desirable. I guess that is what Prof. meant by saying that entrepreneurship has real upsides.

The 13 weeks of TE lessons has taught me that articulation is important, even if one is not an entrepreneur. In particular, I learnt that nobody would know what great ideas or how smart we can be if we do not sell our ideas in a way that people can relate with. Whether as entrepreneurs or as business executives, we need to sell ourselves by selling our ideas. In that sense, communication and entrepreneurship is in every aspect of our lives and we are all entrepreneurs in one way or another.

In addition to being able to articulate, TE taught me to think on my feet and be quick witted. Our breakout sessions are good training for us to work within tight time limits and to step out of our comfort zones to present in situations of impromptu. It trains us to be independent learners and to be pro active in terms of finding out information that we need for our business plan. This is a valuable skill because when we start to work and possibly become entrepreneurs ourselves, we will be left on our own. The world is really not as ideal as we think.

My group and I have also faced our fair share of challenges during the 13-week TE journey. We started off with a rather unrealistic idea. I took it up as a challenge to explore the impossible and grades was really the last thing on my mind. We faced external scrutiny in terms of the feasibility of our idea, which came mainly from fellow classmates, the entrepreneur we seek opinion from and even friends whom I talked to about regarding our idea. Through scrutiny, I was able to learn the importance of handling criticisms, rejections and even mockery to some extent. Once we are embark on the journey we need to persevere.

It has been said that whatever doesn’t kill you makes you stronger. It could not been truer for our team. Apart from external scrutiny, we had to juggle with differences in opinions within the team. It was a matter of filtering and translating the opinions of others into constructive modifications to our business plan. I am glad that we managed to pull through by changing our initial idea to make it more feasible in the end. I guess it is normal to make mistakes but true experience is to be found in righting what’s wrong.

The TE module also taught me the importance of being objective and impartial in terms of contributing to the team and to follow and lead at appropriate times. In order to be effective contributors, my group and I have also learnt to manage interpersonal relations in a tactful manner so that objective outcomes can be reached without being affected by personal associations. These are valuable life skills whether or not we become entrepreneurs at a later stage in our lives.

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Apr 09, 2013
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Speak up! NEW
by: Jingwei

Hey Eddy!

Glad that you had a great time in TE! Though you may not seem like a naturally articulate speaker at first, I'm very sure that you've got a lot of great ideas that should be shared with the world! Be confidant and speak your mind, and in doing so, help make the world a much better place! :)

- Jing

Apr 07, 2013
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True experience is ... NEW
by: LI QIQIAN

Eddy, I really like what you say here" guess it is normal to make mistakes but true experience is to be found in righting what’s wrong." because you are able to capture the essence of "true experience". Being daring to do what you do and able to troubleshoot it with every mistakes you make because it makes you even more tardier to cope with the complexities of business. And more importantly, we can afford to make and correct our mistakes when we are young! and lastly, really enjoy having you as part of our team, and will remember you, someone who is steady and who has his own school of thought!

Apr 07, 2013
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True experience is ... NEW
by: Anonymous

Eddy, I really like what you say here" guess it is normal to make mistakes but true experience is to be found in righting what’s wrong." because you are able to capture the essence of "true experience". Being daring to do what you do and able to troubleshoot it with every mistakes you make because it makes you even more tardier to cope with the complexities of business. And more importantly, we can afford to make and correct our mistakes when we are young! and lastly, really enjoy having you as part of our team, and will remember you, someone who is steady and who has his own school of thought!



Apr 07, 2013
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Difference in Team NEW
by: Adrian Ang

Hey Eddy,

Thank you for sharing! I guess it is always inevitable that there will be differences in a team but managing it is always key! With my own team made up of 9 different individual, I can definitely understand what you went through and I'm really glad I pulled through as well. This will serve as important learning lessons for me in the future too! Cheers!

Apr 07, 2013
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Oops NEW
by: Div Teng

It is wonderful to see how you could manage both good and bad situations very well and I see you're a better man today after the 14 weeks.
You're like a Switzerland, it's very comfortable to work with you. It's really my honor to have worked with you.

Apr 07, 2013
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Great Job Eddy NEW
by: Eddy

It is wonderful to see how you could manage both good and bad situations very well and I see you're a better man today after the 14 weeks.
You're like a Switzerland, it's very comfortable to work with you. It's really my honor to have worked with you.

Apr 06, 2013
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Hi :) NEW
by: Jayrius

Hi Eddy,

I agree with you that the breakout sessions were tough but it forced and trained us to develop a critical mind.

I think every team faced different challenges that had to be solved, and I think it is what makes this course so fun.

Best of luck :)

Apr 06, 2013
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Congrats NEW
by: Terence Chua

Hi Eddy

Congrats on completing your final semester. I'm glad you learnt so much about entrepreneurship in your final semester. Like you, I think we've learnt so much about what it's like in the life of an entrepreneur. Happy Graduation!

Apr 05, 2013
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Happy Graduation! NEW
by: Grace Chan

Yayy. Indeed the team had faced many challenges the past three months but I'm glad we pulled through our last project together as students in SMU (: Congrats to us! All the best for your future endeavors and the Jurong Bird Park bar :D

Apr 05, 2013
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impromptu presentations NEW
by: wen qi

hello eddy,
I think you brought up an important learning point where I can relate to. I do agree that i was initially quite stressed over the breakout sessions where we have to present our work within the short time frame and I guess this is one of the first few experiences so far in my 2 years in smu. This has however forced me out of my comfort zone and its definitely a good training ground for us as when we are out at the corporate world, I guess there will be no such practice of "rehearsing for presentations".

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TE-2012/13Term2- Adrian Ang

Having taken other entrepreneurship modules in my last few semesters and taking Technological Entrepreneurship in my very last semester, to be frank, I went into this module hoping to be more inspired.

The thing with entrepreneurship, especially in Singapore is that we are not surrounded by an active ecosystem of entrepreneurs with majority of graduates entering the "rat-race" once they are done with school. Thus to me, I feel that promoting entrepreneurship in Singapore is a lot about inspiring people, and that is the kind of open mindset I had going into this module.

And inspired I was, by the various groups who managed to create real businesses out of ideas in their heads, as well as the guest speakers who have already been there and done that. It gave me greater belief going down this road of entrepreneurship. Like many before me having already said, entrepreneurship is really all about action. You think you've a great idea but someone out there has a similar one as well so it is really about who acts faster, and of course smarter.

This module really encouraged my group and myself to act upon our ideas to find out what works and what doesn't, and most importantly, the value of action in entrepreneurship. With me embarking on my own entrepreneurship journey in a few months time, I'll definitely keep in mind the lessons learnt from Prof Pamela Lim as well as my peers and hopefully one day, I can come back to SMU to inspire budding entrepreneurs as well.

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Apr 12, 2013
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:) NEW
by: Eddy

Hey Adrian...I hope I didn't wrongly but I think we did MC under Mark Chong together haha...I really enjoyed your business idea and to be honest I think you have a very high chance of succeeding if the plan is executed well. I hope to see Elastic in action soon :) Cheers!

Apr 10, 2013
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IDEAS are everywhere NEW
by: Anonymous

If you can think of one good idea, another person could too. Therefore, I totally agree with Adrian on "act upon our ideas to find out what works and what doesn't"

Apr 09, 2013
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Good Luck! NEW
by: Jinyu

Hi Adrian,

to be honest, i didn't feel that many of the groups were actually serious about turning their ideas into real businesses.

if you have the intention, i hope to see its one of the ideas i've heard! if its another business idea of your own, i wish you all the best!

Apr 09, 2013
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EBC NEW
by: Eddy Goh

Hi Adrian,

Thanks for sharing. On top of that, I also feel that its society perception of failure and our ability to handle uncertainty that is slowing entrepreneurship in Singapore.

Apr 09, 2013
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Stepping up and out NEW
by: Lydia Mak

Hi Adrian, it is really comforting and exciting to see fellow classmates of the module taking that leap of faith in entrepreneurship and venturing into the unknown to pursue something they feel strongly for. All the very best! :)

Apr 08, 2013
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Stepping out of comfort zone NEW
by: Tan Yu Sheng

Hi Adrian, congrats on graduation! I completely agree with you that promote entrepreneurship in Singapore is about inspiring people. Personally, I feel that this will have to start from home. We can't change our parents' expectations of us but we can encourage the younger generation to dare to step out of their comfort zone. And course of, we dare to try ourselves too.

Apr 08, 2013
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All the best! NEW
by: Jonathan Ng

Thanks for sharing Adrian! Prof's class certainly did provide a different pace and tone to the usual "rat race" style classes we have in SMU. Glad that you found what you sought in class and all the best for your own ventures!

Apr 07, 2013
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It's about taking action NEW
by: Anonymous

Hi Adrian, It is very comforting and encouraging to see that you are going to pursue the road of entrepreneurship upon graduation. Indeed, you are putting what you have learnt into action and I cant wait to meet up with SMU graduates like you who will be embarking on their own start-ups. All the best and hope to see you back in school sharing soon!

Apr 07, 2013
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Sweet and concise NEW
by: LI QIQIAN

Dear Adrian,

Yup i agree with what u said, it's a world about who acts faster and smarter. I have seen cases whereby people really have good ideas. It's really a pity when they dont act upon their ideas, which makes them at the losing end. Also, inspirations comes with actions by your part as well in order to make something meaningful out of it! All the best and I believe you will also be the one who brings inspirations to others!

Apr 07, 2013
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Love your thinking NEW
by: Shawn Lim

Hey Adrian,

Read your journal and i agree that we do not have an active ecosystem of entrepreneurs. But i think the situation is improving. There are small communities out there - Hackerspace / Blk 71 that are great places to hang out and chit chat with other local entrepreneurs.

All the best buddy.

best,
Shawn

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TE-2012/13Term2-Loy Zhen Yi

by Loy Zhen Yi
(Singapore)

When I first entered the course, I was really intimidated and unsure about what was going on in class. Many people already have experiences in starting a business or know the basics of starting a business and yet I entered the course not knowing what was in store for me.

As the course went along, I started to grasp what was going on and started learning not only the basics of starting a business, but also how to make use of technology to start a business. I was really intrigued by how technology can make starting a business so convenient and so easy. I have other friends who are taking other entrepreneurship modules that are somewhat similar to this course, but yet really different. And whenever we share our experiences, I would always tell them about what I learnt during lessons and discussions, about how to make use of social media sites and technology to launch your business if you do have capital constraints.

i really had benefited significantly from this course. It was always my dream to start a business, but I never knew how. Now with my new found knowledge I would not only be able to do what I want to do, I am also able to do what I did not know I could do before I started this course. Many useful tips were provided to us by prof and it really could be applied to the situations we might face in future.

Not only do I learn about starting a business, I also learnt about the soft skills required to start and continue one. Many a times, such soft skills are neglected and it may cause detrimental effects to the business. Skills such as teamwork and simply just listening to others would definitely be of good use when starting a business.

Also, it had taught me that failure is not the end, it is just a beginning. There are so many failures in life and if you fall every time you fail and take a super long time to get up, you would definitely not succeed in life. Many entrepreneurs had experienced failures umpteen times before they succeeded. Even if they have succeeded, they will still not be able to get away from failure. But it does not mean that you stop trying. Instead, you just have to keep trying, and one day, you would definitely succeed.

The team that I was in had an extremely diverse range of people. People who are less active, people who are overly active and so many more differences. But ultimately, we managed to overcome the differences that we had and produced a business plan for our idea. It was really a satisfying feeling. But the business plan is not the most important, and definitely not the end of this course. What I am really happy and appreciative about this course is that with the experiences that I have gotten from this course, I would be able to do much much more with the knowledge that I have received and the skills that I have acquired during this entire duration.

Comments for TE-2012/13Term2-Loy Zhen Yi

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Apr 12, 2013
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ALL THE BEST ZY!! NEW
by: Qiqian

Hi Zhenyi, 

Totally agree with u. there are bound to be failures in one's entrepreneurship journey. I guess at the end, it all boils down to how you actually pick yourself up and re-start again. To me, such life is better than sitting in the office. At least there are more choices for you to choose. I know that you are keen to start a business and I think you really can! Inform me okay and I will be most happy to know:)

Apr 12, 2013
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:) NEW
by: Anonymous

Hello :)

I agree with your point on being a listening and the importance of teamwork. Indeed, it is in listening and being objective that we made our work possible :)

Apr 12, 2013
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:) NEW
by: Diana Teo

Hi Zhen Yi,

thanks for sharing. i agree that the soft skills in running a business is equally important. I look forward to the day that you start your own business :) all the best!


Apr 09, 2013
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Failure is Important NEW
by: Jing

Hey Zhen Yi,

I agree with you that we need to open up ourselves to failure because it builds resilience in us and teaches us how to pick ourselves up with we fall down! :)

- Jing

Apr 07, 2013
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Good job! NEW
by: Div Teng

You're a person whom I find easy and enjoyable to work with. Really glad this course has helped you realize your entrepreneurial dream. All the best for your next coming semesters and am looking forward to the launching of your very own business (:

Apr 07, 2013
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:D NEW
by: Grace Chan

Hello!

Glad to have worked with you this semester. You're one of the group mates whom I find very comfortable to work with in my entire SMU life.

Really hope this course will aid you in your future business endeavors. Let me know when you start your business! I'll go "捧场" ;D

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TE-2012/13Term2-Clement Koh

by Clement Koh
(Singapore)

Not many people about this, that TE does not clear any of my requirements because I have taken enough modules already. TE is purely an extra module for me. What caused me to make this decision, to add another module to my already packed schedule?? Curiosity.

Being quite familiar with the start-up scene in Singapore and entrepreneurship in SMU, I heard many things about Prof Pamela. I thought to myself that after 4 years of study, if I did not attend any of her lessons I will regret. Thus my decision.

It was a decision that I did not regret, fortunately. Firstly, I must say that I have a really awesome team, each and every one of them was talented and I’m very happy to be working with them. What I really took away from all these is to have a moral conscience to use entrepreneurship to help people instead of just extracting money out of them.

After 1 term in TE, this same theme was built into my heart. The conference was especially impactful for me. I initially thought it would be heavily centered around technology, instead it was all about the heart.

Thanks everybody for the awesome time and look forward to working with you all in the future. Cheers!

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Apr 12, 2013
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:) NEW
by: Diana Teo

hello Clement,

it was fun going down to sunshine plaza to print the flyers together and the chats we had over coffee breaks! you are multi-talented and have many great ideas. i really can't wait for the day you pursue your business full time. go for it!

Apr 11, 2013
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Continue to stay awesome! NEW
by: Dee Chong

Hi Clement,

Its be great working with you! You're an awesome photographer, videographer, brand consultant etc:)) Yes i agree with you definitely--- use entrepreneurship to help people and make the world a better place. Sadly, there are those who are oblivious to this very important concept. Nonetheless, stay true to your belief!

Apr 09, 2013
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Experience NEW
by: Muhd Ismail

Dear Clement,

If there's one thing about entrepreneurship - experience is what separates the 'noob' from the 'pro'. I applaud you for taking up risks and explore the wonders of entrepreneurship itself. These are the opportunities that many people turn down for an easy life. In fact, your initiative to take up the challenge itself is commendable. Keep it up and thank you for inspiring future budding entrepreneurs.

Apr 07, 2013
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Thanks to you too! :D NEW
by: Anonymous

Your team also had a wonderful photographer and creative director! It was great working with you too Clement! :D

Apr 07, 2013
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Starting point of all businesses NEW
by: Adrian Ang

Hey Clement,

I definitely agree with you on the point that having what value you can add to the society should be the starting point of all businesses and not how much money one can make from people! Businesses that built themselves around value-adding are the ones built to last. I wish you all the best in your entrepreneurship journey!

Apr 07, 2013
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Learning never stops NEW
by: Karl Mak

Hi Clement

Glad to see that your learning spirit doesnt stop because of school modules, indeed a true mark of an entrepreneur!

Cheers,
Karl

Apr 07, 2013
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All the best! NEW
by: Anonymous

Hi clement! Initially, I too had apprehensions about doing entrepreneurship as a class, primarily due to my inhabitations in carrying out a full-fledged business. It's great to see that both of us have the same learning experiences from this class and develop new skills from it. All the best in your future endeavors!

Apr 06, 2013
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Curiosity at its best NEW
by: Jayrius

Hi Clement,

I read with interest when you mentioned that you had enough modules already and you wanted to take Prof Pamela's class at least once in SMU. I applaud you for that, and I am sure you did not regret because Prof has lots of experience and contacts to share. Best of luck in the working world, I'll see you out there :)


Apr 06, 2013
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Comment NEW
by: Brendan

Hey Clement! You amaze and surprise me each time I speak to you. Photographer, videographer, champion chess player, gosh! Who knows what next!

Haha - thanks a lot for helping in every way you can with the video, brand marketing, maketing materials etc. You bring a creative element to the team :) All the best for your journey beyond SMU!

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TE-2012/13Term2-Diana Teo

by Diana Teo
(Singapore)

“My vision for Cliqure is to potentially make Google nervous.”
Brendan’s audacious statement caught my attention.

I bidded for TE class with a business idea in mind which I was ready to pursue, but there was something about the way Brendan spoke about Cliqure that kept my ears open to what he had to say. I am glad I didn’t look back ever since.

By playing the role of a ‘follower’ in this team, I find myself being able to take a step back and listen to the fresh perspectives of my fellow teammates, and learn from them. Shawn, for example, taught me so much about the technology industry and basics of coding. Through Clement’s startup experiences with the SMU Shop etc, I was reminded of how important it is to stay humble, and how the right opportunities will eventually come your way as long as you don’t stop following your heart. Yvonne’s courage to pursue Flitch alone, and her perseverance throughout the entire course taught me not to be afraid of trying even if no one is on board with me. Nanz Chong’s testimony challenged me to build relationships with my customers, and know them all by name. Peter Liew taught me to look beyond the superficial, and love my staff.

People say that entrepreneurship is a lonely journey; but I’m thankful that for the past 13 weeks, I did not feel a single bit alone. I used to think that maybe 4point3 would remain as a small venture that I attempted during my university days. But throughout this journey, I found an undescribable joy in pursuing my F&B dream and having the opportunity to be part of Cliqure. I am really thankful that I bidded for EBC back then, and TE now, because these two modules literally ‘changed the course of my life’. Thank you Prof Pamela for your constant encouragement and belief in us.

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Apr 13, 2013
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All the best! NEW
by: Jiaming

Hey Diana, your team did a good job and I admire you for being able to cope with a real running cafe business and contributing to another business idea. I totally agree with yvonne's tenacity!

Apr 11, 2013
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Lessons learnt NEW
by: Dee Chong

Hey Diana,

It's great working with you. You're an awesome strategist. On a different note, I'm truly impressed with Yvonne’s tenacity as well. Like you, I admire her perseverance and courage in starting Flitch alone. Further, I'm glad you managed to apply lessons learnt to 4point3. Stay through to your belief, I'm sure you'll have plenty of F&B outlets in the future!

Apr 11, 2013
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cool stuff NEW
by: Shawn Lim

Hey Diana,

I laughed at the comment by Brendan 'make Google nervous'.

Thanks for being such a great friend and teammate. You've been very patient in listening to my ideas (often far-fetched) and random thoughts. Haha.

I think you have a lot of talent when it comes to cooking. Explore your passion and don't stop. Rule of thumb: Do what you like and you won't go wrong.


best
Shawn

Apr 09, 2013
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Teamwork NEW
by: Jingwei

Hey Diana,

I really agree with you that this project really taught us so much about teamwork! I enjoyed working with the team and especially with you specifically on HR and Strategy! :)

- Jing

Apr 09, 2013
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All the best! NEW
by: Anonymous

Hey Diana, your team did a good job and I admire you for being able to cope with a real running cafe business and contributing to another business idea. I totally agree with yvonne's tenacity!

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TE-2012/13Term2-Shawn Lim

by Shawn Lim
(Singapore)

I came into the course with really big plans to kickoff a new tech idea. I love creating systems and understanding how computers and internet technologies work. I recall sitting in a ring brainstorming with 7 amazing people. We eventually settled on Cliqure: the linkedin for photographers.

The 13 weeks show how running a startup is radically different from working in a typical corporate job. There were many strategic issues to consider and it is exciting to plan for all of them. In the class presentations, my group was tasked to share more about getting into the bandwagon and the roles in a startup. Experience from friends, founders and online discussions taught me that every technological startup requires a hacker, hustler and a hipster. In the startup world, the founders are also expected to switch roles often. I was the hacker in my group but I switched roles frequently to help out with many things: marketing, budgeting, creative work, and a little bit of coding. That is the startup experience that I’m so fond of: Doing different things every now and then, learning new skills all the time and thinking of new ways to attract consumers.

I also learnt that in a startup, it is extremely important to manage burn rate. Burn rate accumulates once you start hiring tons of people. There is just not enough gold in the war chest to feed everybody. I support the idea of running lean, learning how to code and bootstrapping. I think these are all good ways to make your startup survive long enough in the battlefield.

I am very fortunate to have great teammates in Cliqure. They were all from various backgrounds and had talent in many areas: a self-taught developer like me, a businessman in SEO, an owner of 4point3, and a hardcore creative. They shared their experience and knowledge of working in a startup and made use of their skills to make Cliqure happen. (Please keep in touch guys!)

Finally I’d like to end off by reflecting a little on my entrepreneurial journey so far. I had made my best decision in life to teach myself coding. I made my first web application (Mosaict) last year. I won some money with Mosaict and continued to hack on several projects every weekend. I met so many people who urged me to continue what I do and gave valuable feedback for my numerous ideas. It’s already been 2 years of brainstorming ideas and implementing them. Even if the ideas were crappy most of the time, I enjoyed the process of building software products and testing them. Best of all, I’ve done all of these at almost zero cost. I would definitely continue this journey of entrepreneurship and TE just reminded me how fun it is to be an entrepreneur!

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Apr 13, 2013
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Admire your passion NEW
by: Jiaming

Hi Shawn,

I admire your passion to build things, be it learning a new language in developing or venturing into a business with your friends. I think that's one of the fundamentals that an entrepreneur should possess, the desire to build and make things happen.

All the best in your future endeavours!

Apr 12, 2013
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:) NEW
by: Qiqian

Hi shawn,

Glad to know that u have really learnt something technical and it sounds really cool. I believe this skill will certainly come in valuable in future. All the best and continue to try out new and funky stuffs!

Cheers,
Qiqian

Apr 12, 2013
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:) NEW
by: Diana Teo

Hello Shawn,

your passion for coding is really contagious. its amazing how you self-learnt coding, and yet have gone so far to winning an award.

its been inspiring listening to your business ideas. i agree with what you said about burn rate, how we should start lean and that bootstrapping is the way to go.

keep going! =)

Apr 11, 2013
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Stay true to your beliefs! NEW
by: Dee Chong

Hi Shawn,

I think you forgot to mention that you are an awesome marketing guru too. You've been great to work with--- extremely dedicated , passionate and of course well versed in all things tech related:) All the best in your future endeavours and continue to persevere.

Apr 07, 2013
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All the best! NEW
by: Jingwei

Hey Shawn!

You're a great programmer and entrepreneur! It was great working with you! :D All the best for our future endeavours! Continue pursuing your dreams!

- Jing

Apr 07, 2013
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Learning process NEW
by: Anonymous

Hey Shawn, glad to hear you enjoyed your time in TE! I feel that learning and bonding alongside with your teammates is a great way to learn. By reinforcing each other's strengths, it is definitely possible to achieve something that a lone individual is unable to reach.

I hope that your experience in this module allows you to reach great heights in the entrepreneurship world!

Apr 06, 2013
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Startup vs Corporate job NEW
by: Jayrius

Hi Shawn,

You mentioned that we learnt how running a startup is radically different from working in a corporate job, and I completely agree with you. I enjoyed the similar startup experience as you did, as all the team members had to juggle multiple roles and constantly be on the ball. I guess that's what is fun about creating your own startup. Your partners become like family and everyone fights for the same cause.

Good luck in continuing your journey of entrepreneurship!

Apr 06, 2013
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Comment NEW
by: Brendan

Hey bro, really really enjoyed working with you. There are so many qualities I admire about what you do, amongst which, the fact that you are truly passionate about what you do, development, database management and all things geek - in a sexy way :)

Many successful entrepreneurs start out by failing a couple of times before they make that successful break. I like the fact that you just keep trying to create new things, and one of these creations is going to be huge.

Keep striving on and we must keep in contact man. Cheers :)

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TE-2012/13Term2-Brendan

by Brendan
(Singapore)

Our Booth!

Our Booth!

Our Booth!
Some of the furnishing

I came into this class hoping to explore a different classroom, a different learning environment and I got nothing less at the end of the semester. Afterall, entrepreneurship is not something that can be taught within the confines of a seminar room. Importantly, Pamela tried to hand us important experiences, invited external guests on more than one occasion to see what is the face of entrepreneurship, and to feel the entrepreneurial experience. That, I really appreciated.

This module was also a great motivation for me to actually pen down a business proposal haha. I have never written one before, I have always thought its enough to have everything in my head, which is the perfect excuse for procrastination. But, when you start penning your thoughts, you start to see things clearer. Its a lot more coherent; and to me, that was the most valuable thing from the entire business planning exercise.

Also, I am thankful that the module has brought me together with many other like-minded, passionate individuals who can relate to the passion that I have. The classroom is like a coffeehouse. You meet people from different disciplines and each one of them brings something different to the table. Its a great place to meet people and bounce off ideas with others. And its comforting; entrepreneurship feels that little less lonesome. And I thoroughly believe that when one decides to take the path less travelled, it is important to have a support group, to immerse in a like-minded community. And TE has more than achieved that objective.

To my group, thanks a lot for your sharing this experience with me. Sometimes I stay back after class and speak to some of you - and i really like listening to your stories and journey, and sharing my own stories in the process. A big thank you to the class as well - I saw many good business ideas and that is amazing. I would be so proud if any of these ideas materialise into a real business :) Cheers!

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Apr 12, 2013
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;) NEW
by: Diana Teo

hello brendan,
it was great working with you in the team! thank you for all the talks we had after class where you patiently answered the questions i had for cliqure. looking forward to the official launch!

Apr 12, 2013
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;) NEW
by: Anonymous

hello brendan,
it was great working with you in the team! thank you for all the talks we had after class where you patiently answered the questions i had for cliqure. looking forward to the official launch!

Apr 11, 2013
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Thanks Boss! NEW
by: Dee Chong

Hey Boss,

Thank you for letting me be a part of your start up! You're a very calm, cool and collected boss so its been great working with you. Glad this course was an impetus of you to write a business plan for Cliqure:) We will be supporting Cliqure all the way!

Apr 10, 2013
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Great idea! NEW
by: Jiaming

I like how you are passionate about the idea and build the business model up. I understand your reasons for the idea and I think it will grow. Good luck on it and it was nice knowing you.

Apr 09, 2013
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Pitching like a boss NEW
by: Nathaniel Boon

Overall part of my highlights was watching you and the other elevator pitching people give that hurried, but succinct, 2 minute elevator pitch.

I learned a lot, and although I hope not to ever be put into that kind of pressure I think its a skill I need to learn. Well done!

Apr 09, 2013
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Like-mindednes NEW
by: lydia

Hi Brendan,
yes i agree with you how TE has brought like minded people in this group has helped to bring out greater ideas tremendously. This module has helped to me to be more courageous and dare to pursuit the ideas that I have. This included sharing with the team and coming together to work on current ideas, brainstorming and lastly, executing it.

Thanks for sharing, Brendan! :)

Apr 07, 2013
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All the best! NEW
by: Jingwei

Hey Brendan!

Thanks for involving us in your start-up! It was an awesome hands-on experience and I don't we'll ever experience something like this again anytime soon! :) Thanks also for your leadership and your lengthly emails, they go a long way in helping delegating work efficiently and effectively! :)

Kudos to boss and all the best! :D

- Jing

Apr 07, 2013
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Penning down your business proposal! NEW
by: LI QIQIAN

Hey Brendan,

Again, totally agree with you. One of the most amazing thing thing that I learnt from TE mod is to pen down your business proposal. Indeed, it helps you to see some of the loopholes that you may fail to see and more importantly to keep on refining on these shortcoming in pre-emption of any major pitfalls that can paralyse the business, whether it's temporarily or permanently. However, even with so much work done on the business proposal, we have to always be ready to act fast and smart to those uncertainties that we could not really foresee:) On the side note, it is also good if we can pen down any kind of inspirations and ideas we have gathered along the way... All the best and it's really good to have a great passion and interest, especially in the area of photography!

Apr 06, 2013
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Click Away! NEW
by: Darren

hi Brendan,

I like how this is progressing! I also believe in going with your passion and not going after the money, though of course as a business, the money-making potential definitely needs to be there.

And I concur, its really more about the experience and process rather than the hard deliverables!

Cheers!

Apr 06, 2013
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:) NEW
by: Jayrius

Hi Brendan,

I enjoyed reading your journal, and I agree that this module was in a different classroom, and a different environment as compared to other classes. I think credit has to go to everyone for making classes so enjoyable.

Glad to know that this module has brought you closer to many like-minded people. Contacts are invaluable.

Good luck.

Apr 06, 2013
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Inspiring NEW
by: Terence Chua

Hey Brendan,

I like that you came into this class with a business idea and then develop it to what it is today. The journey has not completed, and I sincerely wish you all the best in getting this up. Press on!

Cheers!

Apr 05, 2013
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click click cliqure NEW
by: Anonymous

Hey Brendan

Definitely looking forward to see cliqure grow, See you around! Meanwhile if you more photography equipment can let me know

Clement Koh

Apr 05, 2013
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Keep Going! NEW
by: Shawn Lim

Hey dood,

I really admire your dedication towards Cliqure and also that sheer will to learn how to code. I enjoy bouncing ideas and having those geek talks all the time.

Hope we can hack out something together next time. Game or whatever, as long as its fun I'll do it.

All the best for Cliqure. Got bug tell me!

cheers,

Shawn

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MGMT324 - Term 2013 - Shreeya Pillai

To be honest, I had initially bidded for this class only because it was a requirement for me to graduate. As such I entered the class with zero knowledge on what it takes to successfully set up and run a business. I was also not very enthusiastic about having to spend 3 hours a week in such a class. Needless to say, I had entered the class with no expectations. However, I must say that my perception changed within the first few weeks of class. The highly interactive nature of the classes helped me gain a lot of hands on experience when it came to the conceptualizing and setting up of a company. I found it very hard to believe the prof when she mentioned that she has had teams who had successfully set up fully functional businesses within the 13 weeks of the semester.

Needless to say, I have taken away many lessons from the steep learning curve this past semester. This first lesson would be that we should not be afraid to dare to dream. While listening to the various ideas being pitched during the first few weeks of class, I remember thinking to myself that a couple of the ideas would not be feasible. I was definitely humbled to see many of this ideas working out in the end. Hence, I think it is very important to keep an open mind to all kinds of suggestions.

I also learnt about how much time, effort, blood and sweat goes into the setting up and running of a successful business. What looks good in theory, may not always work out in the practical sense. My team had initially planned on running a café. While the idea looked good on paper, we later realized that it would not be feasible to actually set up. Upon realizing this, we subsequently changed our concept into that of a mobile one.

I took away two main things from this particular experience. Firstly, it is the importance of market research. It is imperative to make sure that we know anything and everything about a market before deciding to enter it. And secondly, to never give up. Our team morale had initially been very low when we found out that there was a high chance that our initial idea would be a flop. However we were able to come up with the idea because of our perseverance and the encouragement that we gave each other.

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Apr 12, 2013
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Eddy NEW
by: Anonymous

Hey Shreeya

Your spirit is commendable and I certainly thing that success is to be found in being adventurous. Happy graduation and I look forward to your success later :))

Apr 09, 2013
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Market Research NEW
by: Jingwei

Hey Shreeya,

I agree with you that market research is very important. Being in charge of strategy in my team, it is imperative that we know what the competitive landscape is like in order to navigate it effectively.

- Jing

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TE-2012/13Term2-Dee Chong

by Dee Chong
(Singapore)

I came to TE class not having an ounce of expectation or knowing what being a techno entrepreneur entailed. But the way I see it now--- a techno entrepreneur is equivalent to any of today’s entrepreneur. Given that technology is so prevalent nowadays, it is unavoidable that entrepreneurs have to operate in technology-intensive environments.

I particularly like the class because it was a hands-on class. To my knowledge there is no other class like TE that allows you to start your own business within the span of 14 weeks. “An ounce of action is worth a ton of theory,” Ralph Emerson. In all, I feel that it was a very holistic course because on top of having the opportunity to conceptualize a business idea (from business plan to getting the buy in of investors), the industry talks also allowed me to learn from the experiences of industry professionals. Further, my classmates (especially my group mates) also provided a wealth of knowledge, which I could tap on.

I’ve learnt plenty over the course of this module. I’ve learnt that as an entrepreneur, I must love what I do because being an entrepreneur is a lot of hard work. I will need to overcome a lot of adversity. Passion will tide me through these periods. Further, I’ve learnt that entrepreneurship is a stepping-stone, which entails living a few years of my life like most people won’t, so that I can spend the rest of my life like most people can’t. I’ve discovered the basic primordial reason for starting up a company is to make meaning (as what Guy Kawasaki always preaches) and to make the world a better place. Idealistic as it seems, all entrepreneurial ventures to a certain extent start out this way. All entrepreneurial ventures start out wanting to enact a degree of change. More importantly, I’ve learnt not to fear entrepreneurship and the failures it might bring. Since at this age, if I start with nothing and end up with nothing, there’s nothing for me to lose.

All in all, I’m grateful to have the opportunity to be a part of TE class. It has armed me the belief that I can revive my family’s business. TE class has allowed me to realize that anyone can be an entrepreneur. Unfortunately, I just need the courage to do so.

“There’s no committee that says, ‘This is the type of person who can change the world – and you can’t.’ Realizing that anyone can do it is the first step. The next step is figuring out how you’re going to do It.” – Adora Svitak

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Apr 12, 2013
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:) NEW
by: Diana Teo

Hello Dee,

I like your quote - "living a few years of my life like most people won’t, so that I can spend the rest of my life like most people can’t."

you have many great ideas and you're the most awesome admin person i know of :) i look forward to the day where you pluck up the courage and follow your heart. jiayou!

Apr 10, 2013
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All the best! NEW
by: Jiaming

All the best in reviving your family business! I guess now you're better equip to look at what went wrong and how to make the business model current, to suit's today ever-changing business environment!

Apr 09, 2013
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Never become jaded NEW
by: Nathaniel Boon

Stay foolish.

Its great that I see you talk about appearing idealistic and daring to dream.

Most of us 'grown ups' tend to adopt a cautious mentality. Even the bravest tend to have a "one try" policy, and they give up soon after.

Many famed successes in the history of mankind have come from dreamers who are also CONSISTENT in their efforts.

I am glad you embody those traits.

Apr 07, 2013
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All the best! NEW
by: Jingwei

Hey Dee!

You've been such an awesome administrator over the past few months! I think that you're the only other person besides boss who knew the project inside out over again twice over! Without you, the project wouldn't have been so smooth going! :D

All the best for your family business! Apply the skills that you've learnt in TE and have the courage to pursue your dreams!

- Jing

Apr 06, 2013
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Comment NEW
by: Brendan

Haha Dee, you are a bag of wisdom. Hope you enjoy your internship over the summer and you can share with us more stories when we meet up again. Maybe at 4.3 :)

Apr 06, 2013
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Action speaks louder than words NEW
by: Terence Chua

Hi Dee

I can truly relate to what you say about really having the hands-on experience in this classroom. And this is completely different from what you experience from other classes. Managing the guest seminar is a good case in point. All the best for your finals!

Apr 05, 2013
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Go Dee! NEW
by: Shawn Lim

"if I start with nothing and end up with nothing, there’s nothing for me to lose."

I'll remember that comment for life now. :) Thanks Dee! It's great working with you. You never fail to make our meetings more cheerful!

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TE-2012/13 T2- LI QIQIAN

Through this TE journey, the most important takeaway will be that business really takes a lot of passion and drive in order to get it moving and this often starts from you, the founder of the business, your interest, your skills, the influence you have over others. Really, the influence you have is often the most powerful tool to run a successful business. Some of these influences include how you actually convince fellow classmates in class to embrace your ideas during the first lesson, and even till the point you are confident enough to give an elevator pitch to those “angel investors” who have years of experiences in the industry and are sharp enough to differentiate what makes a business a boom and a bust.

In whatever case, you have to believe in your idea first before you can persuade others to have the same belief as you. And there is this distinguishing line that you have to make when you have to alter your business ideas accordingly by being receptive to feedbacks that sound negative, instead of confining yourself to your own world and not breaking through the frontiers. This is really what I have learnt from our project in which we have to shift our focus to product development in consideration of our product scalability after the valuable suggestions that prof gave and insightful feedbacks given by Dr SK. Tan, who is an expert in the field that we are venturing into.

Another thing that I have to highlight is the ability to know and prioritise what is important to you and the team members you are working with. Is the business being run just for the sake of profit, or there is something beyond that can really make it more resilient to any kind of crisis? Some people may just say a strong passion for what you are doing. But to me, it is not enough, it is the passion and belonging that every important team player has that can really make the business survive through all odds.

All in all, TE is a lesson that is really different from my other modules, with the closest being CT and TWC. In summary, in CT, we think crazy with less questioning and restrictions. In TE, we can think crazy but with certain rationality. TWC is technical and focuses more on product development. But TE can be technical but with more human touch, with the focus on financials and marketing as well, something that is more comprehensive.

One last last thing, I really learnt a lot from my peers in the class, one of them will be Yvonne, really a “superwoman” and her famous tagline “To think why am I doing these?” And I believe she already knew the answer deep inside her heart. Another one will be a sentence that I find inspiring quoted from Brendan “in order to run a business, you really have to know everything inside out, and more importantly not to micro-manage too much”. Ultimately, it is always about the right balance that you have to strike when u are running a business.

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Apr 13, 2013
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Believing in idea. NEW
by: Jiaming

Hi QiQian,

I agree with your point that one should always have an affinity with their business ideas. There are some people who go into a business thinking that it's easy money or their partners will do all the work with them. In the real world, no one will work hard for you.

And when the tough times come, if one doesn't really believe in the business idea, they will find it hard to continue down this journey.

I also agree on the bit where you said, one will have to adapt the ideas according to feedback.
Thanks!

Apr 12, 2013
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Well done NEW
by: Eddy

Hi Qiqian...I really appreciated your presence in and contributions to our group...I hope I didn't bore you with my complaints on our way home after classes...It was nice knowing you and I wish you all the best for the years to come

Apr 10, 2013
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Passion NEW
by: Li Chun Leung

Hi Qiqian,

Thank you for sharing. I agree with your point where you need to believe in your idea first. Once we believe in our idea, we will have the passion to share it with other people.

Apr 08, 2013
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thanks for sharing NEW
by: Jonathan Ng

Hi QiQian! Thanks for sharing about the similarities between TE and CT. That was certainly an interesting insight. In my opinion though, TE/EBC/TWC classes seem to better blend in the creativity (or absurdness) with practicality - and that's something I really enjoy! Cheers!

Apr 07, 2013
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TE rocks NEW
by: Shawn Lim

Hi QiQian,

I like how you relate TE with CT & TWC. In my opinion, I think TE involves more rational thinking than creative thinking though, as more time is spent on the rational side of things, like executing a business plan, planning financials and all.

One more thing, it is important to believe in your own idea. But it is also particularly dangerous to believe in a wrong idea. Best way to find out if the idea is crappy is always to share the idea. Friends, family, strangers will tell you what you need to know :)

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TE-2012/13-Team 2 - G1 - Hu Jiaming

by Hu Jiaming
(Singapore)




The one most important take-away that I’ve gain through this course, technology entrepreneurship is that, if you don’t try, you will never know. When I first attended the class, there were quite a number of individuals who have had experiences in setting up a company or business, though that did not put me off but it made me think, how do these people do it? What motivates them? Why are they able to set up a business? What have I been doing with my life?

Looking back now, at the end of 13 weeks, I do not claim to posses all the answers but I’m definitely more equipped in terms of knowledge and confidence to start up!

My TE journey was an extremely fun one. Though my team had 10 people in all, it was amazing how we managed to leverage on each other’s skills and knowledge to pull off this module with a solid idea and results. Despite the amount of deliverables, such as a minimum viable product, full business plan, financial valuations and costing, an elevator pitch, website and a showcase boot, the team managed to each deliverable with quality work. This is what I’m proud of.

Everyone in the team was able to bring something different to the table and we were able to fill each other’s gaps that way. The team bonded well over time and each meet up was a fun and fruitful one.

As part of the team, I was able to contribute to the team in the development of the website, the photography of all the products and marketing materials, the creation of the videos, the refinement of our business mechanics and by making a decent tea blend.

The opportunity to be questioned and tested by various entrepreneurs, venture capitalist and fellow classmates was an invaluable one. We refined our business idea as we went on, ironed out the various knick and knacks, the fine details on how we wanted to market, distribute, create and brew our blends. Entrepreneurship brought out a different aspect of learning. Learning is different from studying. Learning occurs every time one interacts with a new concept, person or ideal. Through a consistent effort to apply what we have learned, we will really learn from the experience, be it success or failure.

I believe that I was very lucky to be in a group where we had no major problems but I’m also aware that if and when there are disputes, we will have to re-learn what we know. In the real world, teams will not consist of people my age, people from the same background or experience as me. This will prove to be the real challenge but right now, after experiencing this module, I’ve learnt to properly scrutinize the various components of the business plan. The financials, how to properly value your product and operations, how to create a good distribution plan for operations, how to create marketing strategies to attract consumers, how to create a website that is pleasing to the eye and extends the business goals to an electronic platform.

It has been a wonderful experience working in this bunch of people and I do hope that we will continue our journey together. The class has provided us with useful suggestions and comments to better refine our business strategies. Lastly, to Prof who has been supportive, giving us the opportunities to listen and interact with industry players. It was an incredible journey through this 13 weeks.

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Apr 12, 2013
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:) NEW
by: Qiqian

Hi jiaming,

I agree that from the journey that we able to become more meticulous when it comes to looking into the details of our business plan. Also, definitely, I have the same share of worries when I have to work with people of different backgrounds. however, at the end of the day, we were able to leverage in one another's strength and really to do something we never possibly think can!

Cheers,
Qiqian

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TE-2012/13Term2-Div Teng Sheng Yi

by Div Teng
(Singapore)




I have been providing entertainment services in the last year, gaining some recognition and media coverage. I vowed never to do a business with high leasing cost -brick and mortar business. However no businessman would let a good opportunity slip pass.
Hence, spotting the market gap in cosmetics services and products, I thought to myself, why not.

We first had the opportunity to test out this idea through a competition. However the stage we brought the business plan into TE class for sharpening was way far from what we are bringing out. We started off aiming to sell only to men cosmetic services to make everyone look like their golden ratio. However after much iron sharpen iron from the class, Professor Pamela and many industry experts such as Dr Tan, we ended with a new anchor business department - cosmetic products of premium quality that really works because of scalability. On the other hand, as much as we provide a full spectrum of beauty treatment, the true purpose of the cosmetic services will merely be a branding and credentials creation to boost the sales of our products.
This tells me that one key character an entrepreneur must have in his/her journey of entrepreneurship is adaptability. DSIC, my second most prevalent characteristic is C, while I still stick generally to what I do, this journey thought me to be flexible towards real needs. If we need to change to survive, better change and survive.

The journey was extra difficult for me. At least for a famous "zenness/calmness" that others know me for, this semester I felt the most number of times of anger, despair and sorrow. Early in the semester, my mother passed on after 2years and 3months of battle against cancer. I struggled to learn to manage my emotions and to the best of my ability, lead the team to another level (or success I do hope). The episode allowed me to learn to think for my team, to remember and walk on because my shoulders carry their success in the module. So often I had to face the mirror and say “Div, one more day, one more hour, they depend on you.” People ask “why do you try so hard?” Because I don't ever want to look back and say "if only i did this or if only I tried a little harder things would have been better."
On a personal level, I could not live with disappointment towards my deceased mother that I did not try hard enough.

“We cannot choose our external circumstances,
but we can always choose how to respond to them.”
- Epictetus

No man can soar in success all the time because we can't choose our circumstances. But when choosing how we respond, we can choose to care for our people and live positively.

Also in this journey, while this may be a project (or maybe a business) I felt the need of a team to trust the leader, willingness to humble to get things done. Every business is a people's business, we need everyone who believes in the cause to put in an extra mile of effort, those who don't, a full 100% and if they did all that, the team leader has to put in 10X more the effort because you want your team to know you recognise their efforts. This is a self-reinforcing cycle. It is a binding of the spirit to form a solid foundation in the business. Literally, a human wall with arms joint, shoulder to shoulder.

On an interesting note, all these years in SMU I always felt it is impossible to build a multimillion international business with its roots in Singapore. Quintessential Cosmetics with 7million revenue in the first year proved otherwise. If you see a gap, able to go niche and go mass simultaneously, a small fish can grow into a giant whale.

Perhaps a bonus takeaway unique to me was the privilege to learn under a great mentor, a business guru who saw me grow (literally from year 0 till year 3) and to have my partner in life to build this business together. It is amazing because when two can swim in unison towards one vision as a family. Success is what awaits. Have we not heard so often “behind every successful man is an amazing woman (wife).”
I thank you Professor Pamela for being such an amazing mentor and teaching that goes the extra mile for students and impacting my life. I would have given up on my degree education and people so many times if not for the many encouragements and kopi sessions. 一日为师,终身为父, perhaps in your case 终身为母(laughs a little here yet so true).我终身的感恩和敬爱。
I thank you Grace for being my amazing partner who trust your life in me (literally), for being willing to align your vision with mine and for accepting & adapting to my weaknesses, you are an amazing gift from God to me. Walking this journey to build the business (project) could not have been possible without you; this journey was also a little easier to walk because I have you.
Finally I want to thank the team for choosing me despite my weaknesses and circumstances, to trust in me to lead them. I hope I have not let you down. I cherish the friendships created and times we did work overnight many times.

Finally in closure, tasting entrepreneurship is like hitting the gym. You’ll like it. The more you engage in entrepreneurship, the more you like it. It seems to be that every entrepreneurial attempt I make is exciting. It ignites the desire to build, accumulate, dominate and transform society every time. It is a burning flame that wants to make a difference in society through the power of businesses. Even if one does not make it into a full time business but moves on to be a corporate leader, that same man or same woman, same boy or same girl will have the desire to build great businesses with great people for many people.

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Apr 12, 2013
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Thank you NEW
by: Eddy

Hey Div

I really want to thank you for making things happen for the group. You impress me with your meticulousness in preparing us with all contingencies that we did not anticipate. Two thumbs up for your hard work!! All the best to you and Grace :)

Apr 12, 2013
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Glad to be part of the team NEW
by: LI QIQIAN

Hey div, 

I am glad to have u as our CEO! Knowing u as my CT TA, I have always wanted to be part of your team. From this 14 weeks, I have learnt a lot from you, your determination to push yourself further, to question shortcomings of our initial business idea and to constantly fine-tune our business plan though it can be quite demanding sometimes. All the best for your future endeavour and I believe you will be able to influence people around you with this undying spirit in you!

Cheers, 
Qiqian 

Apr 12, 2013
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:) NEW
by: Diana Teo

hey Div,

thank you for sharing something so close to your heart.

your perseverance throughout the course, and just going that extra hour for your team member really touched my heart. one thing that i have learnt from you, is that you're a real people's person. :)

all the best for your future business endeavours !

Apr 06, 2013
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Solid man you NEW
by: Shawn Lim

Hey Div,

I think your biggest asset is your confidence and determination to overcome challenges. It has been a different period for you and I admire your tenacity.


Wishing you all the best.

Apr 06, 2013
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Hitting the Gym NEW
by: Jayrius

Hi Div,

It is very interesting that you use the analogy of a gym to describe entrepreneurship. I think you nailed it head-on, you are right smack about it. I agree that entrepreneurship is something that the more you do, the more you like it, and the more rewards you get.

Best of luck.

Apr 06, 2013
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Keep Running NEW
by: Terence Chua

Hi Div

I'm glad you've found a truly awesome and worthy partner in pursuing your dreams with you. Keep pushing on! God bless!

Apr 05, 2013
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Thank youu NEW
by: Grace Chan

Thank you for not giving up on the team and putting in your best effort despite your circumstances (: I really appreciate it and hope our team does too. I thank you for mentioning me in your journal, I am really honored. haha Let's continue to walk on this journey with God(:

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