RETechTO iBidBroker with Ajay Jain


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As seen on CBC and in the Financial Post, is Canada's first site designed to connect sellers with the real estate agent of their choice. Ajay will hold an interactive Q&A and share his experiences in launching this site, the massive public response and his thoughts on current issues affecting the industry.

Filmed at the Real Estate Technology Toronto meetup, GTA's largest discussion group for real estate professionals, on July 13, 2010.

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RETechTO iBidBroker with Ajay Jain

  1. 1. InnovationandExecution<br />An Open Discussion<br />July 13th, 2010<br />Ajay K Jain, MBA HBSc<br />President & Founder<br /><br />
  2. 2. Innovation<br />
  3. 3. Definition<br />What is Innovation?<br />
  4. 4. Ideas<br />What Makes Something a Good Innovation?<br />
  5. 5. Brainstorming<br />Be Open Minded<br />Don’t Brainstorm Knowing the Answer<br />Talk to Other Entrepreneurs <br />
  6. 6. Mistakes Made During Innovation<br />Lack of Research<br />Due to Fear that Other’s have done this Already<br />Fear of Rejection or Errors<br />Other People Might find Holes in your Idea<br />Making Sure There is a Market<br />Don’t Invent if there is no use for it<br />
  7. 7. Execution<br />
  8. 8. Have a Plan<br />Set a Deadline.<br />Adhere to it<br />Create a Scope of Work Document<br />Have all your requirements outlined<br />Gather and Allocate Resources<br />
  9. 9. Resources & Support<br />Financial<br />How will you support yourself during this endeavor<br />Are you using your savings?<br />Are you willing to lose these Savings?<br />Time<br />Part Time / Full Time? <br />Family & Friends<br />You must have the support of everyone around you in order to ensure that your venture is successful. <br />
  10. 10. Be Committed<br />Do Not Give Up<br />Things might not go as planned. This is part of being an inventor. You are trying to convert thought into material! It doesn’t always translate.<br />
  11. 11. Be Agile<br />Be willing to adapt to new thoughts and hurdles<br />You will find that better processes come along as you are developing a site. You will learn a lot of new things and you might want to implement them as you are developing. This will can change your timeline if you don’t plan!<br />
  12. 12. Reflect<br />At the end of each week<br />Look back and see what goals were achieved<br />Look back and see where you could have been more efficient<br />Look forward to how you will change things<br />Never lose sight of the end goal!<br />
  13. 13. Where is Real Estate Headed?<br />
  14. 14. Competition<br />Competition is Good!<br />Increases Options and Advances the Industry<br />Brings Choice to Consumers<br />Helps Realtors Establish Worth<br />Not a Price War<br />
  15. 15. Fear<br />Agents who compete of Price<br />Value Driven Realtors<br />Full Service Vs Discount <br />Both Will Co-Exist<br />
  16. 16. Open Discussion<br />Comments, Questions and Thoughts<br />Thank You For Listening!<br />