Tuesday, September 19, 2006

5 Essential Tools To Succeed Into An Entrepreneur.

Don't let the title fool you.
These tools do more than just let you become a successful entrepreneur.
It also allows you to "succeed" into the kind of person you want to be.

Whether it is being a successful marketer, sharp negotiator, accommodating conversationalist and on and on and on.
The good news is all of us have the tools we need.
The bad news is we have to learn to use it.
And it is the learning part that needs practice.

These tools are so powerful it can be used in learning any skill or art.
They transcend all boundaries dictated by man: race, language, gender, upbringing, age and so forth.

The 5 essential tools we need to use to succeed into an entrepreneur are:

-The "Burning" Desire To Learn
-The Willingness To Invest Time And Effort
-Unshakable Determination
-Pure Discipline
-And Optimism

Exercise them, you shall !

Sunday, September 17, 2006

Invisible Entrepreneurs

Walking by the campus sidewalk, I made my way to the lecture theater for my class.
Around me were hundreds of other students walking in various directions.
From different faculties and field of study, the whole picture gives one a sense of diversity.
I was like a fly within a swarm of many others.
However, people overlook the fact that out of this community of students, many are true practicing entrepreneurs.

Of course, it is never obvious just by judging from appearance or background.
From the exterior, they are just medical students, computer programmers, life science researchers, potential engineers, promising lawyers, musicians and business students.
They don't carry labels advertising: "I'm an entrepreneur."
They don't go around telling everyone about their past business adventures with a “I'm better than you” tone.
They don't appear to have a part-time job, what more an enterprise.
They wear the same clothes all other geeks and punks wear.
But looks can be deceiving.

In the interior, there is an entrepreneur at work.
There is a creator-of-opportunities being brought out silently.
They study during the day and invest in US options during the night
They make so much from sales that they are on their way to wealth before graduation.
They busy themselves studying negotiation and marketing from various sources available to them and practice their learnings religiously.
They make products and render services related to their passion and interests.
They play leadership roles in various organizations and societies, both commercial and non-profit.

They are “invisible” enterprising people.

It's surprising how many people are enterprising in nature but we don't see them.
It is another case of "Don't judge the book by its cover."
Another way to put it is "Don't judge the book by its authors."
In any case, the content of the book which determines the value is independent of the cover, title, author, publisher and sales.
It is easy for us to look down at someone thinking that they have wasted their life doing what they do, but in reality, these "little guys" spend their time productively and leverage every opportunity they get.

Just the other day, I bumped into my room cluster mate in the library.
While waiting for the bus, we engage ourselves in a friendly chat.
Turns out that he is a seasoned online auctioneer, a regular on Yahoo auctions.
He has made many profitable transactions despite the fact that he has not reached the level where he can support his own living, yet.
Fact is, I have been struggling with online auctions and haven't made a single sale yet.
Later in the day, we had a sharing session and he showed me how he pulled of some of the transactions that stuffed cash into his pocket.
There were of course "success stories" and "lessons of failure".
He even has a business set up with a few friends on event management.
I would never have known that judging by his age.

A friend of mine invested in the local stock market and made a killing for himself.
The good news is he payed for his education and living cost without taking a single cent from his parents.
Curious about his education in investing, I did a candid interview with him.
I was expecting him to give credit to many mentors and seminars he attended in acquiring his stock-savviness.
To my surprise, all he did was read books by Peter Lynch and Warren Buffett and applied them to the stock market.
He learned from the school of hard knocks and made many losses before he won his prize.
Professionally, he is an engineer in training.
Who could tell he was an experienced stock trader as well?

A course mate of mine in the School of Computing is a good demonstrator of the entrepreneur spirit.
She did an internship with an advertising company for months before committing to her studies.
Now, she is a sought after part-time web developer working on various projects outsourced to her by societies and individuals.
This is all in addition to her existing projects in events of her own.
The contacts she established with tech people from previous meetings puts her in many functions and opportunities with key decision-makers in the corporate world and the government.
One would never be able to guess that just by judging her cheerful personality.


Conclusion:

One can never guess the presence of an entrepreneur hidden in their peers.
For all you know, it might be the person closest to you.

Are you missing good opportunities because you underestimate the ability of strangers and friends?

Friday, September 15, 2006

Birth Of The Digital Movement

Singapore is an ambitious country.
She aspires to be the hub of many things throughtout the region and the world.

Examples?

Global hub for digital media and entertainment, global hub for water and environmental technology, regional hub for IT and telecommunications….

It goes on and on.

But pay attention.

Repeat the last example:
“Regional Hub For IT And Telecommunications”

Now.

Go To www.TheDigitalMovement.org .
Look at the 4th line of the 2nd paragraph in the blog “Birth of The Digital Movement”.
What does it say?
“Hub For Innovation And Technology”

Now, everybody with enough common sense would say to build a hub of anything you have to start from SOMEWHERE…..

Big Question: WHERE ?

Ever thought of that?

Now read the 6th sentence of the 3rd paragraph.
Go ahead, read it!

Found the answer?
“There is an emerging community of highly passionate…”
Answer: Start from a community.

I believe The Digital Movement has an idea and aim which time has come. And for that matter, probably overdue!
Isn’t it about time that a strong, tightly-knitted community is founded so that the work and contributions of technology people gets appreciated?
So that the local technology heroes earn their well-deserved respect?
So that we are not alone and have a place to draw our resources, support and strength?

I think this is something we all can look forward to.

--The Digital Movement was started by 4 enterprising students who have completed internship at technology start-ups abroad. Starting with a phone-call and an idea, they formed TDM which will change the local technology scene in the name of progressiveness and development.--

--To enquire more information, leave a comment at TheDigitalMovement.org .--

Thursday, September 14, 2006

Weakness

My weakness: Failure to take action.

It is important to identify and work on our weaknesses. Just as how important it is to identify and work on our strengths. But understand that our weakness is not our limitation. We can acknowledge our limitation, to say that there are things we can't do, in order to do more and do better in the things we can. But we must never acknowledge our weaknesses as our limitation.

"We can act on our weakness. "

But do we?

I don't take necessary actions to get what I intend for. I enjoy talking and presenting my ideas, rather than busy myself with the mundane tasks. I do not act to undertake the roles and responsibilities I am uncertain of, for fear that I would not perform up to mark or burn myself in the process.

I now know the two things contributing to my failure in taking action.

1. I worry too much about the outcome.
2. I lack the discipline to act.

Knowing the reasons opens new opportunities for improvement.

But will I act on them?
Or continue to be inactive with my new found ideas?

Monday, September 11, 2006

Foreword

Hello.

My name is Ty Teh.
(Handshake)
What's yours?

I am currently a University Freshman and Entrepreneur.
I am an expert in my own field of learning and I specialize in my own field of interests.
I am a leading authority of my own philosophy.

This is my business card.
(Exchange cards)
As you can see, it is just a blank card with my name on it.
There is no designation and company.
I give out these cards to all my contacts.

I fill in the details myself according to your business and philosophy.
I don't believe in static skills.
I don't believe in labels.
I am an entrepreneur.

It is nice to meet you.
We will keep in touch.
I believe we will put a dent on the world.
To our success.

(Handshake)

-Ty Teh.