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Being a third year Information Technology student in USEP under the new curriculum you must go through experience in making a business plan for the preparation for the next semester in implementing a business according in the method of doing something that is worked out in advance. Now we have to make a unique suggested area in particular trade and profession.
Currently our instructor gave an assigned task to be passed by Friday. The topic assigned was a business plan with the nature of business and the possible client and beneficiaries. Our instructor gave some art or technique to be used in a specific task identically the best, love and irritants. In planning the business we or you must know those techniques to come up a unique business plan. Indicates a subject or business plan have many technique but the three steps introduce by our instructor was very helpful to be owner or possessor of business. An Information Technology student as I have known they must undertake or deals with something that requires effort like fifty percent in people ware and fifty percent in software. So, like a business you are dealing with people, and then you apply the information or knowledge inline in the software with these combinations of skills you can also build a unique business. But why does it very important in knowing the client or beneficiaries of the business and nature of the business and also the name of the business? It is important because having a unique business name can make the people attract and confusing what kind of business you have or what are the services offers in business you have. However, you choose a wrong business name can dreadful fate it to the state of being unknown and failure. In starting the business make sure that you choose the best name so that the target beneficiaries or client attract and you have to make a trade mark along your business name. One of the factors in naming business was to communicate by the people. Also it should be strengthen the fundamental elements of the business. Since we are talking about business, is your business plan meaningful to the other people? Informative business plan inform everybody about the business you are planning. What it does, where the place of business can establish and so on. In addition to have a conjuring up ideas that can express the business name was to focusing on what the business is all about, the quality you like, suitable and originality. An idea too is one of the very significant to giving and choosing the unique business. Especially originality of the business can mark to the people who you target to be a client and beneficiaries. To be open minded too was one of the kinds of qualities that a remindful name can express.
Now! We know what the factors of naming a business are. First, know your best, love and irritants in life so that you have basis in your business planning. By using this factor my I will share first the irritants. As a information technology student I hate corrupted files, computer viruses, and other defect in the computer. I do love to repair some software crash or searching a defect from your computer. The best I have was to know the defect and I will do the necessary things to be done. So, I come up with the business name was “Tingtingbutingting”. Why I came up this name because almost of the people used computer by the part of his/her life. But all they can’t perform a troubleshooting by their self. So, I decided to propose this kind of business though there are so many troubleshooting stores available here in our country. But pursuing this kind of business you must have to understand and know what are the possible factors or the feature you have to consider. In troubleshooting a computer you doesn’t need a large knowledge about the computer even a basic knowledge you can do a troubleshooting as long as you are willing to know what the things you do are. Doing something you love to do is easy than doing something you hate was difficult. So, I think the business I choose was very suiting to me not that I am an Information technology student but because I love the things in line of troubleshooting defect computers. What are the things you can do to start this business. Of course you have a capital in investing the tools you need but not that a big capital. Second you must know how to troubleshoot the defect or you must know what that kind of defect was. The third things to consider was be patient of what the things you do. Also you have to be an agent by selecting your based or either choosing your office. But in my business tingtingbutingting not only focuses all hardware but also in software and people ware. In the sense of I am an IT so I know some of the defect in the software. In addition you must to communicate by the people ware because you and your customer dealing with money. You need to be flexible about your price because not all of your customer afford. I deal with this kind of business since I know how to identify all the defects in the computer. Also you must consider the time because conducting the computer troubleshooting was not that easy. You must study or to know the different tools in the corresponding to the defect of the computer. There are many steps of troubleshooting for example the operating system has malfunction. So the best thing to do is to reprogram the operating system then by reprogramming the operating system you must have the installer of the application you use and the driver of the computer you troubleshoot. Besides the business I proposed also offers a tutorial class. What is this tutorial class? It means who are interested to know and learn how to troubleshoot error from their computer. I offer a one and half hour tutorial lesson every day in 100php per person then every tutorial lesson compose of five to ten person so that I can manage and teach them well. Not that so ambitious but if my business boom and attract to the people and I have enough capital I will selling computer parts too. In which they can’t go other store to buy the parts of the destroy parts. Inline of the tutorial after all session they can gain knowledge at the same time they have certificate that they can use in the future to have their job. So if you are interested on how to troubleshoot some error of your computer there are some step or process. But what is the really meaning of troubleshooting? As what I have search from www.wikipedia.com “troubleshooting” is a form of problem solving, often applied to repair failed products or processes. It is a logical, systematic search for the source of a problem so that it can be solved, and so the product or process can be made operational again. Troubleshooting is needed to develop and maintain complex systems where the symptoms of a problem can have many possible causes. Troubleshooting is used in many fields such as engineering, system administration, electronics, automotive repair, and diagnostic medicine. Troubleshooting requires identification of the malfunction(s) or symptoms within a system. Then, experience is commonly used to generate possible causes of the symptoms. Determining which cause is most likely is often a process of elimination - eliminating potential causes of a problem. Finally, troubleshooting requires confirmation that the solution restores the product or process to its working state. In what I have said we are accepting inadequate feature. As you notice from the meaning troubleshooting was used to bring something into existence or produce the possible or the cause of the problem.
On the other hand we need to identify what is the nature on the said business. For me it is a combination between troubleshooting computer service and tutorial service. In that sense we are using the principles who deal with the problem we have made and bring from the changes. I mean that I came up that nature of the business it is because we are dealing with the problem troubleshooting. In dealing with that the true meaning of the nature of the business was: Usually, when filling out some kind of form, "nature of business" refers to the type or general category of business or commerce you are describing. For example, if you worked at McDonald's, the nature of your business is food services. Also "Nature of Business" means what type of business your are doing? like Wholesale, Retail or Service, Manufacturing, Marketing, etc. If you want more specific, then HBA wholesale, Car Service, Furniture manufacturing and health Drinks Marketing. This source comes from the site of www.answer.com . Nowadays this kind of business was very familiar in the Davao. Much business taking up this kind or line of work because of the popular demand and almost of the computers was easy to broken their specification. In addition one of the reasons why they are building this kind of business because it is not need of a big capital. If you a drivers and tools for the troubleshooting of computer, you can start up your little and simple business. No need a big office or room for business activity for conducting a solution problem or troubleshooting. You can manage it by home services and office services. It would be possible too that one big company will hire you as a computer technician. Tingtingbutingting is a full service venture where I myself as the technician can offer home service to serve my clients in more practical ways and appropriate time. As a risk taker I will take the challenges to acquire the needs of my customer. We all know that troubleshooting wasn’t that easy to handle. One of the factor that matters troubleshooting is the educational attainment of the person being involve end the person behind this. It is no other but “ME”. I was studied short term course of troubleshooting when I was in my second year college in Tagum. It is summer vacation when I toke the training. I never regret to attain the training because it is use to be more knowledgeable in terms of troubleshooting. Another thing that matter in building a business in cline with technology is the experience. I had experience this troubleshooting before. I gained money. I gained experience. I had a chance to earn my own money because of my own ability.
The target clients I used to recognize are the people who have problems in their computer parts, such as monitor and CPU. These are the people who want to be reformatting their units. Some wants to solve the problems which several parts are not in functioning. Of course as a technician, I recommend buying the new hardware that is going to replace in their computer. One thing that I can be proud of Tingtingbutingting is the good quality of the service, which clients will use to recommend me their friends who are the new clients of my techno business. Most of the people approaches me are students like me. Some are worker such as teacher.
I had read an article once about factors to consider on how to boost up and be success my techno business. The following are the detailed factors to be considered:
Cultivate Networks: Technopreneur must have to practice the power of networks. They take the time to identify and build relationships with key peers, mentors, and advisors. This inner network provides support, direction, and an increased number of people to assist. This emphasizes the people that are professionals who are willing to partake advices to me as a new beginner. Schedule a few hours every month to review your plan. This will ensure you use the plan as a living document rather than a stagnant framework. Use the review process as a way to gauge what's working and what needs to be altered about your business.
Customer Centric: A business without customer is useless. Business success requires an unwavering commitment to the customer. The comment of the clients either it is negative or positive are the idea of being cultivated my business in better way. This commitment encompasses a mindset of understanding the customers' world. There is a saying says ”customer is always right”. This is the mindset of being a customer. Honestly I also agree to that idea. Understanding the customers’ wants and needs provides the business with a greater opportunity to earn a loyal customer base. Focus away from business and profits, and toward what you can do to improve the life of your customers. Without respective customer, I don’t think a business will last in industry especially in nowadays with great competition in marketplace. We have to love our customer. Don’t fool them; because once they might aware of that, they will no longer reach you as they were before. Funny how much time goes by for most business owners without really talking even to your customers, much less to a few people who aren't your customers but could be. I was shocked the first time I did it. I felt like I talked to customers often, but that's nothing to what you get when you dedicate time and have a real conversation.
Humble Honesty: Honestly is the best policy. Yes! Definitely true. Being honestly to what are you now is important, because there is no great technopreneur who wasn’t surpass a battle in the world of the competition of industry without being fair. Humble is another thing to consider. Business success requires the ability to know your strengths and weaknesses. Being open and honest about yourself and your business creates growth as an individual and as a company. Don't spend time developing weaknesses. Find help for weak areas, enabling you to focus on strengths.
Adaptability: Business needs adaptability, this mean that a business must have the presence of adaptability to change for a better respond. A business success requires the ability to adapt to changing situations. Nothing ever goes as planned. The world of business is full of surprises and unforeseen events. Bigger isn't better--it's confusing. You can always add components to your plan as your business grows. Review your capitalization requirements and capital resources. Clearly identify your market and provide a basic market analysis. List your assumptions and establish benchmarks. Outline basic financials, including sales forecasts and an expense budget. Using the habit of adaptability allows business owners to respond to circumstances with the ability to change course and act without complete information. Being flexible allows us to respond to changes without being paralyzed with fear and uncertainty. Tingtingbutingting is a venture that should be maintain because technologies are boosting up the standard every now and then.
Opportunity Focused: Having your race in business is a prominent thing of opportunity. Tingtingbutingting doesn’t need much capital to start it up not like the other idea of business. This is a venture that needs more skillful. Problems are a regular part of business life. Staff issues, customer misunderstandings, and cash crunches- the list is endless. To achieve business success, look at both sides of the coin. Every problem has an opportunity. Being opportunity focused makes the game of business fun and energizing. Problems are normal to happen and occur, but if you know how to consider and balance everything, hindrance is not an excuse to stay longer a techno business.
Finding A Better Way: Productivity is the cornerstone of business success. Formulate the habit of finding a better way to make your business more productive. This will create more time to focus on the critical issues that drive sales and profit. Productivity can be enhanced by technology, automation, outsourcing, and improving business processes. Determine a few important things that have to happen in your business and when they have to happen. Write down the dates and deadlines. These are your milestones. Just as with that to-do list people never complete, plan too many milestones and you'll get lost in them, and the list won't have much importance. Focus on a few of the most important business milestones.
Balanced Lifestyle Management: Don't argue about what goes where. Don't criticize contributions. It's brainstorming. Just jot down the points and record them. Strategy follows. A business can consume an owner's time and energy. It's easy to allow the business to take control of your life. Business success requires the habit of balancing all aspects of your life. Separating time for daily business tasks, profit driven tasks, and free time is a habit that will make your business and life more enjoyable. Take the time to plan each week.
Learning and instilling new habits in your daily business life can have a dramatic effect on your level of success. These are the seven habits to practice to attain a success in your chosen carrier. Business needs team work. These are the people behind the venture who use to build a strong foundation of business.
Even though I am not knowledgeable about running a business most especially interconnected to technology, but I am hoping that I could build this sooner or later. I can assure you that I am a person who is a risk taker ready to take challenges and a self-master person. In our first discussion about technopreneurship as Mr. Randy Gamboa shared that there are a lot of requirements to attain to start a business SEED model which stand for Self-mastery, environment, enterprise and development. The processes of management are the following: plan, direct, control and organize. Honestly speaking, I am not fully aware to that fields. The characteristics to count of as a manager are: hardworking, self-confident, profit oriented, goal-oriented, persistent, responds to feed back, initialize, willing to listen and set own standard. I must conquer these good virtues to be a well technopreneur in the near future.
Currently our instructor gave an assigned task to be passed by Friday. The topic assigned was a business plan with the nature of business and the possible client and beneficiaries. Our instructor gave some art or technique to be used in a specific task identically the best, love and irritants. In planning the business we or you must know those techniques to come up a unique business plan. Indicates a subject or business plan have many technique but the three steps introduce by our instructor was very helpful to be owner or possessor of business. An Information Technology student as I have known they must undertake or deals with something that requires effort like fifty percent in people ware and fifty percent in software. So, like a business you are dealing with people, and then you apply the information or knowledge inline in the software with these combinations of skills you can also build a unique business. But why does it very important in knowing the client or beneficiaries of the business and nature of the business and also the name of the business? It is important because having a unique business name can make the people attract and confusing what kind of business you have or what are the services offers in business you have. However, you choose a wrong business name can dreadful fate it to the state of being unknown and failure. In starting the business make sure that you choose the best name so that the target beneficiaries or client attract and you have to make a trade mark along your business name. One of the factors in naming business was to communicate by the people. Also it should be strengthen the fundamental elements of the business. Since we are talking about business, is your business plan meaningful to the other people? Informative business plan inform everybody about the business you are planning. What it does, where the place of business can establish and so on. In addition to have a conjuring up ideas that can express the business name was to focusing on what the business is all about, the quality you like, suitable and originality. An idea too is one of the very significant to giving and choosing the unique business. Especially originality of the business can mark to the people who you target to be a client and beneficiaries. To be open minded too was one of the kinds of qualities that a remindful name can express.
Now! We know what the factors of naming a business are. First, know your best, love and irritants in life so that you have basis in your business planning. By using this factor my I will share first the irritants. As a information technology student I hate corrupted files, computer viruses, and other defect in the computer. I do love to repair some software crash or searching a defect from your computer. The best I have was to know the defect and I will do the necessary things to be done. So, I come up with the business name was “Tingtingbutingting”. Why I came up this name because almost of the people used computer by the part of his/her life. But all they can’t perform a troubleshooting by their self. So, I decided to propose this kind of business though there are so many troubleshooting stores available here in our country. But pursuing this kind of business you must have to understand and know what are the possible factors or the feature you have to consider. In troubleshooting a computer you doesn’t need a large knowledge about the computer even a basic knowledge you can do a troubleshooting as long as you are willing to know what the things you do are. Doing something you love to do is easy than doing something you hate was difficult. So, I think the business I choose was very suiting to me not that I am an Information technology student but because I love the things in line of troubleshooting defect computers. What are the things you can do to start this business. Of course you have a capital in investing the tools you need but not that a big capital. Second you must know how to troubleshoot the defect or you must know what that kind of defect was. The third things to consider was be patient of what the things you do. Also you have to be an agent by selecting your based or either choosing your office. But in my business tingtingbutingting not only focuses all hardware but also in software and people ware. In the sense of I am an IT so I know some of the defect in the software. In addition you must to communicate by the people ware because you and your customer dealing with money. You need to be flexible about your price because not all of your customer afford. I deal with this kind of business since I know how to identify all the defects in the computer. Also you must consider the time because conducting the computer troubleshooting was not that easy. You must study or to know the different tools in the corresponding to the defect of the computer. There are many steps of troubleshooting for example the operating system has malfunction. So the best thing to do is to reprogram the operating system then by reprogramming the operating system you must have the installer of the application you use and the driver of the computer you troubleshoot. Besides the business I proposed also offers a tutorial class. What is this tutorial class? It means who are interested to know and learn how to troubleshoot error from their computer. I offer a one and half hour tutorial lesson every day in 100php per person then every tutorial lesson compose of five to ten person so that I can manage and teach them well. Not that so ambitious but if my business boom and attract to the people and I have enough capital I will selling computer parts too. In which they can’t go other store to buy the parts of the destroy parts. Inline of the tutorial after all session they can gain knowledge at the same time they have certificate that they can use in the future to have their job. So if you are interested on how to troubleshoot some error of your computer there are some step or process. But what is the really meaning of troubleshooting? As what I have search from www.wikipedia.com “troubleshooting” is a form of problem solving, often applied to repair failed products or processes. It is a logical, systematic search for the source of a problem so that it can be solved, and so the product or process can be made operational again. Troubleshooting is needed to develop and maintain complex systems where the symptoms of a problem can have many possible causes. Troubleshooting is used in many fields such as engineering, system administration, electronics, automotive repair, and diagnostic medicine. Troubleshooting requires identification of the malfunction(s) or symptoms within a system. Then, experience is commonly used to generate possible causes of the symptoms. Determining which cause is most likely is often a process of elimination - eliminating potential causes of a problem. Finally, troubleshooting requires confirmation that the solution restores the product or process to its working state. In what I have said we are accepting inadequate feature. As you notice from the meaning troubleshooting was used to bring something into existence or produce the possible or the cause of the problem.
On the other hand we need to identify what is the nature on the said business. For me it is a combination between troubleshooting computer service and tutorial service. In that sense we are using the principles who deal with the problem we have made and bring from the changes. I mean that I came up that nature of the business it is because we are dealing with the problem troubleshooting. In dealing with that the true meaning of the nature of the business was: Usually, when filling out some kind of form, "nature of business" refers to the type or general category of business or commerce you are describing. For example, if you worked at McDonald's, the nature of your business is food services. Also "Nature of Business" means what type of business your are doing? like Wholesale, Retail or Service, Manufacturing, Marketing, etc. If you want more specific, then HBA wholesale, Car Service, Furniture manufacturing and health Drinks Marketing. This source comes from the site of www.answer.com . Nowadays this kind of business was very familiar in the Davao. Much business taking up this kind or line of work because of the popular demand and almost of the computers was easy to broken their specification. In addition one of the reasons why they are building this kind of business because it is not need of a big capital. If you a drivers and tools for the troubleshooting of computer, you can start up your little and simple business. No need a big office or room for business activity for conducting a solution problem or troubleshooting. You can manage it by home services and office services. It would be possible too that one big company will hire you as a computer technician. Tingtingbutingting is a full service venture where I myself as the technician can offer home service to serve my clients in more practical ways and appropriate time. As a risk taker I will take the challenges to acquire the needs of my customer. We all know that troubleshooting wasn’t that easy to handle. One of the factor that matters troubleshooting is the educational attainment of the person being involve end the person behind this. It is no other but “ME”. I was studied short term course of troubleshooting when I was in my second year college in Tagum. It is summer vacation when I toke the training. I never regret to attain the training because it is use to be more knowledgeable in terms of troubleshooting. Another thing that matter in building a business in cline with technology is the experience. I had experience this troubleshooting before. I gained money. I gained experience. I had a chance to earn my own money because of my own ability.
The target clients I used to recognize are the people who have problems in their computer parts, such as monitor and CPU. These are the people who want to be reformatting their units. Some wants to solve the problems which several parts are not in functioning. Of course as a technician, I recommend buying the new hardware that is going to replace in their computer. One thing that I can be proud of Tingtingbutingting is the good quality of the service, which clients will use to recommend me their friends who are the new clients of my techno business. Most of the people approaches me are students like me. Some are worker such as teacher.
I had read an article once about factors to consider on how to boost up and be success my techno business. The following are the detailed factors to be considered:
Cultivate Networks: Technopreneur must have to practice the power of networks. They take the time to identify and build relationships with key peers, mentors, and advisors. This inner network provides support, direction, and an increased number of people to assist. This emphasizes the people that are professionals who are willing to partake advices to me as a new beginner. Schedule a few hours every month to review your plan. This will ensure you use the plan as a living document rather than a stagnant framework. Use the review process as a way to gauge what's working and what needs to be altered about your business.
Customer Centric: A business without customer is useless. Business success requires an unwavering commitment to the customer. The comment of the clients either it is negative or positive are the idea of being cultivated my business in better way. This commitment encompasses a mindset of understanding the customers' world. There is a saying says ”customer is always right”. This is the mindset of being a customer. Honestly I also agree to that idea. Understanding the customers’ wants and needs provides the business with a greater opportunity to earn a loyal customer base. Focus away from business and profits, and toward what you can do to improve the life of your customers. Without respective customer, I don’t think a business will last in industry especially in nowadays with great competition in marketplace. We have to love our customer. Don’t fool them; because once they might aware of that, they will no longer reach you as they were before. Funny how much time goes by for most business owners without really talking even to your customers, much less to a few people who aren't your customers but could be. I was shocked the first time I did it. I felt like I talked to customers often, but that's nothing to what you get when you dedicate time and have a real conversation.
Humble Honesty: Honestly is the best policy. Yes! Definitely true. Being honestly to what are you now is important, because there is no great technopreneur who wasn’t surpass a battle in the world of the competition of industry without being fair. Humble is another thing to consider. Business success requires the ability to know your strengths and weaknesses. Being open and honest about yourself and your business creates growth as an individual and as a company. Don't spend time developing weaknesses. Find help for weak areas, enabling you to focus on strengths.
Adaptability: Business needs adaptability, this mean that a business must have the presence of adaptability to change for a better respond. A business success requires the ability to adapt to changing situations. Nothing ever goes as planned. The world of business is full of surprises and unforeseen events. Bigger isn't better--it's confusing. You can always add components to your plan as your business grows. Review your capitalization requirements and capital resources. Clearly identify your market and provide a basic market analysis. List your assumptions and establish benchmarks. Outline basic financials, including sales forecasts and an expense budget. Using the habit of adaptability allows business owners to respond to circumstances with the ability to change course and act without complete information. Being flexible allows us to respond to changes without being paralyzed with fear and uncertainty. Tingtingbutingting is a venture that should be maintain because technologies are boosting up the standard every now and then.
Opportunity Focused: Having your race in business is a prominent thing of opportunity. Tingtingbutingting doesn’t need much capital to start it up not like the other idea of business. This is a venture that needs more skillful. Problems are a regular part of business life. Staff issues, customer misunderstandings, and cash crunches- the list is endless. To achieve business success, look at both sides of the coin. Every problem has an opportunity. Being opportunity focused makes the game of business fun and energizing. Problems are normal to happen and occur, but if you know how to consider and balance everything, hindrance is not an excuse to stay longer a techno business.
Finding A Better Way: Productivity is the cornerstone of business success. Formulate the habit of finding a better way to make your business more productive. This will create more time to focus on the critical issues that drive sales and profit. Productivity can be enhanced by technology, automation, outsourcing, and improving business processes. Determine a few important things that have to happen in your business and when they have to happen. Write down the dates and deadlines. These are your milestones. Just as with that to-do list people never complete, plan too many milestones and you'll get lost in them, and the list won't have much importance. Focus on a few of the most important business milestones.
Balanced Lifestyle Management: Don't argue about what goes where. Don't criticize contributions. It's brainstorming. Just jot down the points and record them. Strategy follows. A business can consume an owner's time and energy. It's easy to allow the business to take control of your life. Business success requires the habit of balancing all aspects of your life. Separating time for daily business tasks, profit driven tasks, and free time is a habit that will make your business and life more enjoyable. Take the time to plan each week.
Learning and instilling new habits in your daily business life can have a dramatic effect on your level of success. These are the seven habits to practice to attain a success in your chosen carrier. Business needs team work. These are the people behind the venture who use to build a strong foundation of business.
Even though I am not knowledgeable about running a business most especially interconnected to technology, but I am hoping that I could build this sooner or later. I can assure you that I am a person who is a risk taker ready to take challenges and a self-master person. In our first discussion about technopreneurship as Mr. Randy Gamboa shared that there are a lot of requirements to attain to start a business SEED model which stand for Self-mastery, environment, enterprise and development. The processes of management are the following: plan, direct, control and organize. Honestly speaking, I am not fully aware to that fields. The characteristics to count of as a manager are: hardworking, self-confident, profit oriented, goal-oriented, persistent, responds to feed back, initialize, willing to listen and set own standard. I must conquer these good virtues to be a well technopreneur in the near future.
References:
www.answers.com
www.wikipedia.com
http://sbinformation.about.com/cs/development/a/032303.htm
http://businessfactors.org/
To finish and graduate my chosen course