Welcome to the Singapore Entrepreneurs Forum

Nikar2 SG

I'm sure your family and friends will stand by you.

unfortunately, in SG, the concept of entrepreneurship is often seen as laughable by almost everyone until the day you get your big break, and then they won't be laughing or jeering at you anymore.
to them, you'll be classified in the same category as those Singapore Idol and Project Superstar hopefuls, losers and "day-dreamers".

i really salute everyone who dares to strike out, especially in SG. Wink

the_fallen SG

most uni students in fact if are doing it either on their own or part of their project work either in CCA or School project..

to be able to ignore the mockery from others etc...is the difference between a big earner in future verus a small earner for life..

that's the difference between a employer-to-be (entrepreneur/boss) and a employee-to-be(worker/employee)

euc SG

Entrepreneurs huh?

I have my finger on a few business schools and english languages school. These schools run on a business model I developed during my tertiary years. It covers everything from employee relations, students, right down to marketing strategies.

I dont think I would call that entrepreneurship. I think in this cutthroat business world, one should have good business acumen and take the necessay risks to succeed.

Master -_- SG

Well in the case of entrepreneurship, i very much delve in the mode of "hit and run" business. Meaning, i pay close attention to the current trends and exploit them to my target customers. Just last month alone, on a capital of $3000, i managed to break even in 20 days and reaped 2x profits after 2 months. I buy niche clothes all over Japan,Taiwan and Hong Kong and sell them back here to my power buyers (rich teens and young working adults) Mr. Green

watchdog SG

I turned down the opportunity to become an entrepreneur. In my university I won entrepreneurship competition & took the prize of SG$2500. The first piece of advice is this: Not everyone is cut out for it. Stop dreaming of riches & think to yourself why you should be successful & why the product/service you're offering is good.

Investment angels look at 3 things:
1. People - are you top of what you do & capable of putting the right ingredients in character & mentality together.
2. Product - just how good is this idea? What gap in the market have you spotted? Is it financially viable?
3. Business plan - just what steps are you going to take to set-up & launch? What's in it for the investor? What strategies do you have?

My team was comprised of other students from my university, we specialised in Information Systems, Materials, Electrical, & Computing. The advantage we had was our technical knowledge, we actually built a working prototype, identified steps to take in order to get market awareness, put together scenarios on P&L etc. Despite winning that prize we didn't go ahead with it. Starting a business is still risky & basically we were all capable of getting great jobs with great firms. Perhaps one day we'll turn around & think about going ahead with it after like 10 years of success in the corporate sector.

Nikar2 SG

(fallen)

most uni students in fact if are doing it either on their own or part of their project work either in CCA or School project..

yeah, but these so-called entreprenuership projects sponsored by the unis or school never see commercial success. Rolling Eyes
they always get mentioned in the straits times but several months - 1 year later, no news liao.

de_middle SG

Laughing

risou SG

think im more of a entrepreneur 'follower'... no real ideas of my own but wish to do something more satisfying (hard and may not have much success, i know)

the_fallen SG

well, that's because they don't know where to get help from to either expand their social network to find sponsors (capital) for their business..

or they lack actual business experience thus lots of them fail shortly after..

so it's not surprising that they MIA after a year..

in fact 3 months in most cases is enough for them to MIA..

Parka SG

Nice, you should raise some capital and invest more!

Parka SG

Actually, I don't think entrepreneurs are day-dreamers or hopefuls. They are do-ers, people who take action after they've go something in their brains.

Parka SG

Maybe they are successful, but they are just not reported? Ever thought of that?

Parka SG

I get the idea that for most entrepreneurs, money is just a by-product of what they do.

But for those entrepreneurs who rose from poverty, I guess that's a different story.

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