Reflect on Learning (Plan)

Reflect on learning - What is the most valuable thing you learned in Project Business Plan?

“What have I learn from the business plan…?” I keep asking myself about this question. I was quite headache by answering this kind of question. Okay, let me answer this question for you, but you must be patient while reading it. (I know my essay is quite boring).

First, I have learned that when going into business, we must have a well- organized business plan. One of major reasons new business fail is poor planning. We cannot plan the business without understanding of the business that we’re entering. If we are don’t understand the business, we will totally fail when developing the business. Even when you go ask the permission from loan of the bank, the banker will say “bye-bye” to you. That time you will cry because of lazy to understand the business. Ha…ha… perhaps I can sponsor the tissue……This is what I learn from business plan.


Besides that, when I finished up all business plan project, I realize that identifying target market is important. In order to develop a solid business plan, we need to determine who your target market is. We should understand their need, taste, and view and so on in detail. For example, our business plan is photography service in UUM. So, this is very clear that our target market is UUM students. We understand that student want photography to capture the special memory in University. Thus, we have the plan to help the student to preserve memories in best sight by capture aesthetic photo. By this, our business will drive to success.

Actually developing a business plan is not as hard as it seems. In my concept, a good businessman should be able create a business plan that is comprehensive and concisely written.

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Reflect on Learning (Idea)

Reflect on learning – What is the most valuable thing you learned in Project Business Ideas?

My course mates often ask me the IT Entrepreneur Subject fun or not? “Yes”, I reply, “but sometime get crazy of this subject’s assignment. However, I learned a lot from this subject.

I was fortunate enough to participate in the IT Entrepreneurship subject at the UUM. I’ve had the opportunity to experience how to develop the business idea. Here are the most important things I learned in this course paper.

-“Tolerance is the key to success”, this is what I learn.
Many of us had a lot to say about tolerance. But, who really can tolerance especially in giving the business idea. When we come to the business idea, all of us have spent at least a couple days thinking different ideas. When come to the meeting, all of us want our own idea will be accepted. Sorry…. we cannot accept all idea except our parents is rich enough to support us. Sometime we will be impatient when idea was being rejected. My idea also rejected… so sad!!!!!

After discussing and discussing, we learn about the TOLERANCE…. Try to tolerance with other person’s idea. And also, I aware that smart student not always come up good idea while the weak student not always gives unacceptable idea. “I was the weak one”. Ha… ha…. Don’t tell to my group mate, they may be killing me.


-“Take some time to identifying problem “; this is what I learn from Project business idea.

Talking about giving the creative business idea, an entrepreneur must spend the time to identifying the problem. A business idea will be more successful if an entrepreneur spends some time identifying the problem associated with the business. Our main problem is start- up budget. So, our business idea cannot cost us too much of money. If not, we will bankrupt when business fail. Try to remember our PTPTN just above RM1500. SO, WE CANNOT FAIL….…. WE CANNOT FAIL ….If fail, we may be will death because of starve in UUM.




OK, this all, I don’t have any idea talk any more. In short, I have learn a lot in Project Business Idea.

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As an investor_Evaluation

If you were an investor evaluating the organizational feasibility of a proposed venture, how would you evaluate passion?

An organizational feasibility analysis or evaluation is important step in investment start- up and development. As an investor, I need increase the chances of success by analyzing the proposed venture.

First: Capital

Besides that, as investor, I also need to make sure the value-added venture has sufficient capital. Undercapitalized proposed venture have no flexibility and shortfalls can kill the investment. There is strong competition in most food-related industries today. The venture must have the financial staying power unforeseen financial reversals. The key to success in investment when investing is to make a profitable business with limited financial risk. So, I want the organizational feasibility of a proposed venture should have reliable financial report and list out all the risk of investment.

Second: Core Competency

If I were an investor evaluating the organizational feasibility of a proposed venture, I will evaluate based on the core competency of organizational feasibility. I want some special skill, technology, ability, organization process that is unique to business and can do better than competitor .UNIQUE is the key word. Why??? Before I explain it, let see the question first:
“Does the product or service already exist? If so, will the product be competitive and marketable in market? Can your venture compete with the big boys in the industry? Competitors may attack your efforts using whatever means they can.”
If the organization feasibility of a proposed venture that is not rare enough, how can we flight with other competitor? So, this is very important to have creative core competency of organizational feasibility. In short, I will evaluate passion based on the creativity or unique want some special skill, technology, ability, or organization process.

Third: Ability Risk Control

I will prefer evaluating the organizational feasibility of a proposed venture based on the skill in controlling the risk. Managing risk is controlling the factors that contribute to possible losses against the investment. The organization feasibility has ability to minimize the effect of a negative occurrence in investment.



As a result, that all I will evaluate the organizational feasibility of a proposed venture if I was an investor.

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