REFLECTION 4 (JULY 08, 2014)

Hi guys, this was another day of making some reflection about our fourth meeting on July 8, 2014. What I liked the most about that day was we tackled about the Technopreneurship Ecosystem and its components. Its component composed of what they called HELF - H means Human resources, E - Environment, L- Laws and policies, and the last one stands for F - Financial resources. Each has an explanation about techno ecosystem that we can surely apply and share to everyone. As we go to our discussions we also tackled about why technopreneurship? While I’m on my seat I thought about that yeah! Why technopreneurship? It is said there that it generates employments which is true. By then, I learned a lot on what technopreneurship really was and how must it applied in the real situations. What I liked also was how to START THE BALL ROLLING which we also tackled about. First the Innovation, it said that person will get an idea, active search, by chance, present employments or experience. Second was Triggering Event which career prospect and deliberate choice. Next was Implementation and Growth. These start-up was a good thing to hear and to learn. I think these may help us to gain an idea to start a new business and a start-up. The start- up and Company belongs to BUSINESS MODEL GENERATION that differentiate the two. As what I still remembered it was ask there that what’s a company? And what is start up? To those who are confused and compared the two the same that which is very wrong. To explain further Company is a business organization that sell a product or services in exchange for revenue and profit. For me it’s more on selling just to have the income returned by an investment. This is more on investing that you should place a capital in expecting of driving income or profit from its use. While Start-up , as what I had recall it is a temporary organization, a group of a student, investors or people that will share and create ideas. Start – up is also designed to search some innovative ideas that will not just gain popularity but also gain a big or lifetime revenue to those who gave it. It is also repeatable and scalable , repeatable in a sense that the organization can repeat to create their ideas and scalable that they can develop and upgrade more their ideas to make it perfect or better to use by others. Start-up also deals with Business Model. At that day also to follow the Business Model Generation discussion of course start-up versus existing companies also tackled. It is more on differentiating the two that start-ups begin with a series of unknown so it mostly they only searched for an idea. On the other hand , the existing companies deal with execution of known, so it’s more like executing the idea or the business that they want to implement. The insight is that management tools built to execute do not work because tools and idea alone can’t execute without the first process and its proceedings. I liked also the most when the three crucial components for business was introduced to us. I learned that Excellence Market has many opportunity and it focus on Timing which the idea or window of opportunity look brief and if the window is brief the entrepreneur will rush to open. This are just the things that I still remembered that day. By the ways, our facilitator also introduced us about the Business Model Canvas which has 9 significant components to fill in just to make an idea from nothing or scratch then come up with just an idea that will convince everyone to have not just that but also to apply in the near future. What is a Business Model? – It is how the company creates value for itself while delivering products or services for customers. So far this are the part that I liked the most because I learned from it how to make a business model canvas, what are the difference between start- up and company, and what are the things that should have done just to have a productive idea that the organization can claim a revenue.

On that day, aside from the things that I liked the most I also have the least part that I don’t really liked. First was when our facilitator gave us reminders about the start –up competition that we should submit the form ahead of time because the deadline is fast approaching. Actually I don’t have any idea about it but since we already discussed the Business Model at that time then I already had the idea. The thing was I didn’t expect to submit a form for the competition because I thought that only those interesting must only submit and compete. Unfortunately my thoughts doesn’t support the truth , I’m confused and still learning and building ideas about those activities that our facilitator will compulsory join us. What I also liked the least when our facilitator give us an instructions to propose and create a Business Model Canvas next meeting. I was so confused and sad at that time because the learnings and idea about the activity still hanging up with my mind and an idea that I don’t even know if possible. Thou, I have thoughts like that, I know I can do it and propose an idea that I can surely gain a revenue. Maybe I can’t propose an idea faster but I know that time will come I can create one and made it different from others. We know that minding and creating ideas is not easy and actually tough to do because it takes a long time to extract an idea that they will surely agree and approve.  For me searching for problems and solution to the problems is hard to think of, especially when I’m going to apply it in an application that will help the android or device users to solve their problems and give them more entertainment to make their days very interesting. These are just the part of our 4^th meeting day that I remembered what I liked the most and the least.