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Mibpc experience sharing


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MIBPC Experience Sharing by jeeshen from

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Mibpc experience sharing

  1. 1. MIBPC: Experience Sharing by jeeshen from
  2. 2. what’s in it for you? <ul><li>SoftInn MIBPC journey. </li></ul><ul><li>do and don’t of the competition </li></ul><ul><li>you will get to know a cool guy. </li></ul>
  3. 3. talking about this cool guy… <ul><li>Engineer  Entrepreneur </li></ul><ul><li>founder of </li></ul><ul><li>MEngSc </li></ul><ul><li>avid basketballer </li></ul>
  4. 4. what my business plan is all about? <ul><li>helping budget hotels to do better online sales. </li></ul>
  5. 5. how it all started?
  6. 6. why I decided to take part? <ul><li>i see opportunities </li></ul>Valuable business insights Presentation skill Pre-seed grant Free trainings Networking Communication skill Learn to write business plan Challenge what’s balance sheet?! ROI?! Financial projection?! SWOT?!? RM 7,000 Business Pitching Body language Opportunity to sell my ideas
  7. 7. the very first chapter of softinn <ul><li>the only partner in crime – Caren </li></ul><ul><li>try understand the problem </li></ul><ul><li>volunteer receptionist at </li></ul><ul><li>hotel weilia </li></ul>
  8. 8. what we did? <ul><li>look at their problem </li></ul><ul><li>learn how we can help </li></ul><ul><li>study our competitors </li></ul><ul><li>formulate our strategy </li></ul><ul><li>work, work and work. </li></ul>
  9. 9. what mistakes we made? <ul><li>we took presentation lightly </li></ul><ul><li>we took general business approach </li></ul><ul><li>we did not enough of homework </li></ul><ul><li>we underestimate the expectations </li></ul>
  10. 10. what happened on the competition? the judges !!!
  11. 11. The ”pen” presenter the team the ”notes” presenter
  12. 12. makes every single drops of sweat worth it
  13. 13. that’s it? NO! <ul><li>much more happened after the competition </li></ul><ul><li>we were sent for training by MDeC </li></ul><ul><li>we pitched to VCs </li></ul><ul><li>we bootstrapped and started our business…  </li></ul>
  14. 14. Questions & my answers
  15. 16. one last thing <ul><li>take ACTION, puts your idea into reality. </li></ul>