Comments on: Be Your Own Boss Episode 3

By: Sanif

Sanif — Sun, 03 Jan 2010 17:28:36 +0000

Great stuff Sujimy!

By: Hazman Aziz

Hazman Aziz — Tue, 08 Sep 2009 01:12:41 +0000

I agree that it is hard to find “time to crystallize an idea” and morph it into a value and sustainable entity. But, if we were to study the traits of a mover and shakers or even a scholar (which currently I am doing my studies on a couple music scholar, like Beethoven, Schubert, Hayden and Sinatra), they all have a very common attribute.

And if, I were to match them with Zuckerberg, Obama, Buffet, Karim and even our own Islamic scholar, Prophet Muhammad, Kaldun, and Lang … they never put time as a main factor of an obstacle.

Opportunities will comes with the right time and location -> that is what we always quote. And not, The right time and location will comes with opportunities, right?

There are things that we have to ponder and also measured the perceived of information flow around us. But mostly importantly of all, it is the art of iklas and jujur along the principle that we believe in. If we fail to see this point, that is where the entire equation is unstable and the whole model (be it business or even ownself), starting to break apart.

By: F.Dzaki

F.Dzaki — Sat, 05 Sep 2009 02:04:55 +0000

Salam…ive created already a forum…created “e-biz / e-entreprenure” section @ http://buttersnapz.com > Voice IT – Forum…would like to invite all there..insya-allah (fadzuli) VADIP participants will use it also for seeking advice and sharing.

By: Sujimy

Sujimy — Sat, 05 Sep 2009 00:21:14 +0000

Rudi. Salam and thanks for visiting. It was not hard for me to change from employee to employer. Because, I had this dream of being my own boss even before I joined the workforce. So when I worked for the Media giant in Singapore, it was more for gaining business insights, research and networking. In my book, I mentioned that best time to start business is when you are working for someone else. Comb and research the field before you plunge.

Hazman: I am both proud and amazed by your knowledge. My mind is racing and ideas to do a TV show about the people you encounter is brewing. I hope to find time to crystallize the idea.

Shahib: hey why not have a forum. Alamak this one you guys should do it man and I will jump in!!

Dzaki: Thanks for visiting! InsyaAllah more coming……

By: F.Dzaki

F.Dzaki — Fri, 04 Sep 2009 09:50:54 +0000

Masya-allah…setiap episode terkandung ilmu yang bermanfaat…nak lagi..nak lagi…

By: Hazman Aziz

Hazman Aziz — Thu, 03 Sep 2009 06:42:19 +0000

Yups, this model is only taught in Business School and MBA programmes. Understanding this, differentiate where you are a movers or shakers.

Another one, try reading up about Venkatraman’s theory for Strategic Alignment Aligning Business IT The Strategic Alignment model and also Technology Acceptance Model by Davis.

Once you understand all these theories, you are ready to storm and completed with the big boys in the online information industry.

By: shahib

shahib — Wed, 02 Sep 2009 22:04:56 +0000

Wah hazman good stuff.. Bro sujimy i think u are ready to develop some forum for you community related to e-biz / e-entreprenure

Btw Hazman is this the one Micheal 5 Porters 5 force?

http://www.themanager.org/pdf/p5f.pdf

By: Hazman Aziz

Hazman Aziz — Wed, 02 Sep 2009 10:18:58 +0000

First & foremost , thanks to Sujimy for recommending my name and recognizing my expertise.

Hi guys, I am actually not an entrepreneur, but I am an business librarian with one of the university and serving the top business school in Asia. I have work with a number of entrepreneurs locally, in South East Asia regions and also in Australia (with physical meet ups & discussions) as well as also entrepreneurs (which I never meet in persons, but just via correspond through technology.

A couple of them make it to the top, like the founder of WordPress and also Facebook And others, did not make it. To be frankly, there are two type of people when comes to ebusiness management. I called it “the fast and easy makers” and “the sustain and hardship makers”.

To create an online business, it is easy. You can create it over night. You don’t even need to go to business school to learn that. But, to sustain and remain at the long tail, that is a hardship. For those, you are planning to go into ebusiness serious, do read about Michael Porter’s theory (5 forces).

Let’s me share a little bit, how do I climb up the academic library. I took my career like a business entity actually, and factoring it the 5 forces , which Porter defined. If you hold & aware of this as your pillar of ebusiness management, insya-allah, you are able to anticipate the challenge coming.

Maybe, one of the days, if I have time, I share with you guys on a couple of theory, how the big boys in the online business industry plays. I also work very closely with Gartner and Forrester. And I do provide consultantion and feedbacks if my time permits.

Do google or read up on things like

1) Porter’s 5 forces
2) Business IT Strategic Alignment
3) Value Chain
4) Knowledge Management
5) Business intelligence too

Before, move into my academic career, these are the few topics that I read heavily, just to put myself on par with the Professors . And, I am still learning their art of knowledge acquisition.

By: Rudi

Rudi — Wed, 02 Sep 2009 04:55:30 +0000

Salam Bro Sujimy: is it hard to change ur profession from an employee to a boss/employer…

what inspired you to be your own boss?

By: Sujimy

Sujimy — Tue, 01 Sep 2009 23:17:33 +0000

Salam Shahib: really great questions! A great sellable product needs a whole lot of exposure and a good distribution network. An example: a good movie will not sell well with bad distribution network, or worst none. A bad movie will get sold with good distribution network. So depending on your product, you need to ride or find a credible network to get it sold… you have to be willing to forgo your profit margin, but beauty is, it get sold. But how do you know it is sellable in the first place? You wont know until it is out there, push the product out. If it is in your store, it is a liability. I hv seen what you created, it CAN be monetized. I dont mind taking this offline and investigate your line of products with you.
Your 2nd question is what I went through one time. Developing product with minimal funding (or even no funding). It was ok but it can be frustrating bcos only YOU know how big the potential is. But here’s the good news, there’s always someone out there who can and would fund a good project. Need to start looking for them while you bootstrap your idea. Yang ni nak kena network outside your circuit. Mingle more.

Hi Waty: Thanks for visiting my blog. Yes you must be berani to loan but dont be too quick to loan until you know why you doing it. I like your idea. But test test and test your idea in a low-operating cost environment first. For example, share a retail space with someone to get your cafe up. At least you wont be tight to big rental.. rental is a killer in retail. I know this because I have been stung before. But if you have done your research and have a great location to do it, do up a profitability paper and show it to the bank. If they like your idea, they most likely will give you the loan.
With rgds to your 2nd question, it looks like you are not ready to have ANY kind of partner – regardless whether they are relative or not. Getting a partner really macam jodoh. Its long term. If you are not ready, dont do it. If you feel very comfortable working on your idea alone, I reckon you must give yourself that space. But dont be “alone” in pursuing your idea. Find people who can really help you in your niche. This is really important because, pitfalls are everywhere and there are others who have overcome it. I wish you well.

Fadzuli: You welcome.