Workshop “Generating Business Idea”:

This week I had attended Generating Business Idea Workshop at the FTM. This workshop is present by Assoc. Prof Azizi Zakaria and present discuss about- How to develop a good business idea. The reason front for this workshop is because Assoc. Prof Azizi Zakaria want to choose an excellent team to take part a business plan partition.

First of all, he gave us explanation and guideline to briefly the competition. A business plan need prepare a prototype. It can help you more understand about the object you done. If you get good idea, you can present well in your presentation. To improve our presentation skill, you must be self-confidence and recognize the entire thing you want to present. Therefore, you should do many researches before presentation. He told us that “I listen, I forget; I see, I remember; I do, I understand”.

Besides that, you should have better concept of your business plan. A good business idea could be an invention, a new product or service, or an original idea or solution to an everyday problem. It might also be a gap in the market that you can fill, a business related to the work you do already, and an interest or hobby that you can turn into a business.

In addition, he explained us that there are three major hurdles to overcome before any idea can come to fruition. It is identify a problem, ideas generation, and idea selection. For a good and successful business idea, you should solve problems/provide a need; such as groceries delivery, laundry services, 3G, and Broadband. Then, you should improvement/find out a better way to accomplish task; such as online banking and e Commerce. You also need because people want to buy; such as fast food, Alarm or CCTV.

On the other hands, E-commerce offers entrepreneurs an opportunity to be creative and innovative. So, you may know the factors that facilitate a high-growth in electronic commerce; there are widespread uses of personal computers, adoption of intranets in companies, acceptance of the Internet as a business communications platform, and faster and more secure systems.

He also showed us some samples of good business idea. For example, developing a website dedicated to providing visitors with diet and fitness information and services can potentially make you rich. E-commerce specialists can also help businesses build or improve their web sites, develop productive database systems, and increase search engine rankings.

End of this week reflection, I learned that business plan is very important for a entrepreneur. It can help you success for your business.