Techno2: Assignment 2

Try to walk around somewhere and discover technopreneur idea ...your experience(s) .. at least 2000 words



There's a lot of business when I walked around. I can't think what's the best technopreneur idea because we have to consider the needs of the people.The business idea needs to inspire your confidence and passion. This helps you develop the inner strength needed to persist through uncertainty and adversity.Nowdays in our new era of technology, information technology is the most important things which includes all the technologies for the communication of technology. Discovering technopreneur idea is just like discovering what you want or like in the future. Careful planning is fundamental to success.

The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle. You have to plan your business and get ready for it. In starting a business you have to find a mentor, finance start up, name of the business, location and equipments. The name of the business should be unique so that people will like it and will remember it. I named our business as KaLoKa On The Go. KaLoKa was derived in our first and second letter of our names. And I found it interesting. Interesting because when they heard it, all of them were very confused. So I explained to them what's the meaning of our business. So, choosing the name of your business is kind a fun and memorable one hehe. :) You need to build a unique selling position that motivates your target market to buy from you, instead of your competitors. Then find a mentor. We have to be open minded if starting a business. What product and who will buy the products. Get a mentor. Find people you can bounce ideas off of and get their input. A retired executive from a competitor might make a marvelous choice, or an individual from the local chamber of commerce, or a family friend. You can’t do it alone. There are plenty of people who want to help and all it takes is for you to ask them. Hire employees who are better, faster, and smarter than you.Being right is not important, but doing the right thing always is. Do not let your loyalty to customers, suppliers, or employees bankrupt the business. There may be times when you have to terminate a relationship. And we have to consider also the location of the business. The location is also important. In our business, the seller and the customer will just arrange when will be the meeting place so taht he can get the product/s that he ordered. The first time that I experienced this was in Mcdo Bajada, at first I felt uncomfortable because I will meet a person who's not familiar with me or shall I say a stranger one. But as time passes by, it's okay to meet customers even they are starngers. Exploring is good. And another experience for me. During my childhood days, I sell candies and other things. I don't know why. I just enjoyed it. Business is my passion. That's true.

In managing your business you have to consider the following: lead, make decisions, manage employees, market and price, market and sell, finance growth and the use of technology.You need to evaluate whether the business opportunity can generate enough income to support your needs. There is no value in investing your time and energy into a venture that is not going to deliver enough monetary rewards to fulfil your financial obligations. Market and price and sell is imposrtant. We have to be conscious of the price, also in sell. The use of the technology is important nowadays. Lots of things that we can use. Creating a personal and purposeful definition for entrepreneurship falls somewhere in between writing a personal mission statement and writing your own ideal job description. Your definition should be general enough not to constrain your entrepreneurial endeavors, yet it should identify, perhaps abstractly, your purpose for being an entrepreneur and what you are attempting to achieve. Your definition will prove purposeful if you write it both based on what you currently do as an entrepreneur and also how you envision your role in the future. Pioneering your own business can be an extremely difficult way to generate an income. Entrepreneurs need to have a high tolerance for uncertainty. Discovering a profitable business opportunity is more complex than simply just stumbling upon a good idea. Your success will depend on your ability to transform the idea into an income by delivering marketable products or services. You will need to overcome challenges and adversity. You need to be prepared to deal with the unexpected. To be successful, you need to have the drive to succeed and the perseverance to overcome failure. Business owners constantly face the stress of making important decisions that affect their own business and very often the businesses of their customers. And in business, you have to think the finance growth. Think of the profit. And liquidate the assets.


My technopreneur idea is an all around computer or laptop. I don't know if this kind of product is in the market. My idea is like this, a computer or laptop with a xerox machine, scanner, fax machine and printer. A quadruple machine. In this kind of idea, no one will buy those machines individually because we have this kind of product. It can help also to those people especially who are engaged in this kind of business. It can lessen money in buying this computer. I think this kind of business can help the community. No one will go to the market just to buy printer or fax machine because it is already in one machine. Especially in offices, schools or in home. If you have computers in your house and you want to print something and ypu don'r have printer in your house. This all around computer can help us. It is easy to used and affordable one, compare it when you buy printer or fax machine or xerox machine. And easy to all customers because some stores like this cannot produce all this kind of machines and it's hard for the customer to find another store.



Maybe I have a lots of experiences when it comes to business. I am a small time entrepreneur. I really love business. It makes me happy. To own a small business is an honor for me. I established a small business and I would like to see that my business grow and expand. I accompanied my best of friends in this business. And it was a successful business because we gain profits. Really, we enjoyed this business. And we are planning to have a boutique maybe next year. With the help of God. Most people fail in business because they make avoidable mistakes. Before I started this business, I was afraid. I was bothered what will be the outcome of this business. I think deeply what will be the advantages and disadvantages. The first thing that I looked for was the product. What kind of product so that peole will like it, and the target of this product. We have to consider that nowadays, people needs cheaper one. So we bought clothes that were cheaper one. Most of our clothes were 2nd hands or we called it ukay-ukay. This kind of business is best especially to those people out there who loves clothes. And I really appreciate my effort in establishing this kind of business. Even I am busy I can handle this kind of activity. A big opportunity for me when I discover myself that this is not a past time for me. There a lot of things that I enjoyed and learned when it comes to business. You have to consider also the needs of the people. In amnaging a business you have to be all around. And to think positive. To have a business is a challenge. You have to take risks. The business must always come first. You need to perform a thorough analysis of the business environment to expose potential threats and opportunities for your business. You need to evaluate economic, legal, cultural, political and technological factors that can impact your business. Companies may not have control over the external environment but they can construct contingency plans to deal with the impact the environment on the business.
Do right by the business and it will do right by you. Write up a personal mission statement for your business and your life.t does not matter whether you are a young start-up business or a mature enterprise, discovering the right business opportunities is a vital aspect to your business success. Start-up businesses require an initial business idea which serves as the foundation of their market offering. Mature businesses are faced with the challenge of sourcing new opportunities to stay competitive in a cut-throat business environment. To succeed your business needs to be constantly evolving. Read it every day. Become goal-oriented. List all of the things you want to accomplish in business and in your personal life. Being your own boss gives you independence and the potential to earn an uncapped income. It provides you with greater flexibility for exercising your passions and talents. The business opportunity must fit in with your skills, experience and personality type. There is little hope of success if you do not have the appropriate expertise.

Leadership is one of the key factors to a successful business. now how to lead teams and provide results by having creative insight. Remove the barriers to effective communication by having a leadership style that really matters. Being a good leader can be one one of the factors to be a succesful technopreneur.