Posts

WEEK 7 PITCHING & FUND RAISING

      Hello readers it's me again Noven, and today's blog is about my learning experience in preparation for pitching as well as how we can get some funding for our start-up.     Let's talk about the reason for funding, it is because  to purchase equipment, rent offices, and hire staff and most likely to grow fast with your business idea. in our team, we decided to start from our own money as capital investment and we are also open for those who want to invest in our business idea. Since having investors in your business means you can expand and developed more of our services. Though you can't easily find investors since investors also will check your over-all business before they put their trust and money.     We haven't done the pitching yet I will share with you what I have learned as we prepare for the upcoming pitching. We follow some strategies that we think can help us tell a unique story with our business. Here are some.    ...

WEEK 6 BUSINESS MODEL CANVASS (BMC)

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      I'm back with my new blog. This blog will contain the business model canvass that we made with my team. I will also share with you the whereabouts of each part of the BMC we made. Let me share with you our Business Model Canvass.           Business Model Canvas (BMC) is a proven tool/model used in various settings to help companies, individuals align their activities to what creates value to them. It is a visual chart with 9 different components. Later on, I will share with you my thoughts about the different components as well as giving an example of our business idea.  As a tool, it looks at these nine areas that span across strategy, finance, operations, resources, channels, revenue streams, and cost structure.       Key Partners . This refers to the partners that we do business with. This includes   Electrician, Electrical and Electronics Engineer, Repair shop Owner, and Investors and Stak...

WEEK 5 INTELLECTUAL PROPERTY

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       It's me again Noven. Today I'll be posting a blog about what I have learned from last week's discussion which is IP (Intellectual Property) . So what is IP?  Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce. It is an asset that any person can own, sell, or license. It requires protection from theft and unauthorized used.          I also learned that IPs and Universities are connected. These connections are important in the sense that students from universities are talented enough to have an invention and it is just right that their property and right is being protected with the law related to IP. The following are the factors:        1.  Inventions developed in the university are confidential information (whether it is basic or  applied research)       2....

Week 4 Team Formation

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    With the series of tests like the 16-Personality Test and  Berkeley Innovation Index Test , we had with my team in the 1st week. We came up to forming our team base on the type of personality we had to make the work easier and comfortable for us to do the individual task. Later on, in this article, I will share with you the members of my Team as well as their roles in the team and how we assign each role.     The first one we have here is Jan Le Roi Racho , he is the hustler in my team. We base this one on his personality test as well as our observation of him. The hustler often conversationally gifted and nauseatingly charming, the hustler has a network to rival that of a wealthy suburban mum. Hustlers are the key to selling a product to the masses, as their way with words could get anyone on board with their vision.       The next one is Homzelle Libanta , she is the hacker of our team. We choose her as the hacker since she is a serious...

WEEK 3 HOW TO TALK TO USERS

      Hello guys! It's me again Noven. So today I'll be writing about our output, what we have learned, and somehow widen our ideas with the product or service we have.       We interviewed again 5 users to validate our ideas and further know what they feel or how they feel towards our product. Everyone of us asked the 5 common questions that are discussed in the module for week 3.      After doing the interview we sorted their answers and observe and read so that we would able to identify what is the problem that they had been facing or encountered. So that we could able to give a solution to their problem. Not a literal solution but to lessen their burden at least.     Then we learned that the following are the problem they have been encountered so far :          1.  A faster way of repairing appliances and electrical-related problems. This is one of the concerns of the users that sometimes ...

WEEK 2 Start-up Ideas

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       Hello readers! It's me again. I am Noven S. Villaber, a 3rd-year Electrical Engineering student at the University of Science and Technology of Southern Philippines. This vlog will contain my 2nd-week entry with our Start-up ideas.     So this week is that we did some validation of our ideas and to get the perspective of the future customer also by asking some questions regarding their problems or the common problems they encounter in their household that is related to their appliances and electricity.     Together with my team, we came up with the 3 ideas for  our start-up.      With the ideas we have, we interviewed 5 people to know what problem they encounter and what we can improve with our start-up ideas.     We interviewed Mr. Senados, Mr. Abasolo, Ms. Fabre, MS. Julian, and Mr. Dagoc. In this vlog, I will share with you what I have learned this includes the problem we got from their answers during the int...

Self Assessment

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     One way to know about how innovative  I am is by taking the  Berkeley Innovation Index ( BII ). it is one step to know my strength and weaknesses, which part I'm good at and need some improvement. As the horizontal line shows, my Personal Innovation Mindset Level is  now    75.23 OUT OF 100. I'm good at this result since I'm just a young student and there is a lot of room for improvement.       My highest score is 92.67 OUT OF 100 which is trust it measures my ability to trust and generate trust in others. my lowest score is in collaboration which is  32.5 OUT OF 100, I  learned that I need to learn more about in this area as I am working with a team. Over all, I learned a lot about the seven traits that was being test of my innovative self and I believe that this will be a big help in becoming the best version of myself. The Individual Innovation Mindset Report is a factor in which it shows what level your innov...