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Being an Entrepreneur: The Beginning of an End

To build, lead, or participate in a team requires an understanding of the stages of team development. Our team consisted of three hackers, two hustlers, and one hipster. Zhekayella, Paula, and Marc were the three hackers. Christian and Dhanna were the two hustlers. On the other side, you guessed correctly, I was the hipster. We refer to ourselves as "The OG Team."

We proceeded with our Business Model Canvas (BMC), "Broom Broom: On the Go." Again, our BMC was designed with the goal of truly helping people. The people are the reason we worked so hard for it. Our case presentation panel provided us with great feedback once more. It was well-deserved because we knew we had worked hard for it from beginning to end.

We also learned a lot from the lecture series in which we participated. Intellectual property was the topic of the first lecture series, with Dr. Gamaliela A. Dumancas as the guest speaker. It was a really relevant talk, and I believe that everyone, especially those business-minded individuals who have created a unique product, should be aware of everything that was presented to us during the lecture. I believe it is critical to learn how to safeguard your own work from being plagiarized or duplicated without permission. Even famous companies like Nike and Adidas have a lot of duplicates or fakes on the market these days. Consider what opportunistic others might do to your brand if you don't control the intellectual property rights to it, especially if it's still a startup.

The second lecture focused on a company called EHATID. Ms. Krystel Nacua, CMO and Co-Founder of Ehatid, was the guest speaker. Ehatid is a delivery app that functions similarly to Food Panda, however instead of food, Ehatid delivers groceries and other necessities right to our door. They also have a large number of partners, including SM, Monterey, Imerich Trading, and others. Ehatid, like many enterprises, had numerous hurdles. One of the difficulties I can't seem to forget was when they joined with SM but did not profit from it. I am actually very amazed that they were able to carry forward with Ehatid despite that major failure, and that their app now has over 4,000 downloads. Ehatid is a true inspiration to many people who want to start their own businesses. It also proves that hard effort and perseverance never fail.

Ms. Keren Lacadin, the lecturer for the third lecture series, discussed resource generation and pitching. As with the previous lecture series videos, I was unable to watch it live and instead chose to watch the recorded version on our group's Facebook page. This lecture series was really beneficial for me and my groupmates, especially since our final pitch for our company plan is quickly approaching. It provided us ideas on how to improve our product further, as well as where and how to hunt for resources. Furthermore, it provided us with knowledge that we need to consider while planning for start-ups in order to avoid failure.

Overall, our entrepreneurial journey was really challenging. Despite the challenges, we were able to persevere and finish the semester successfully.

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Confidence and Knowledge: Is It Important in Business?

When the team comes up with fresh ideas, they can sit down and brainstorm together to come up with more effective solutions. Teamwork is vital since it allows your team to share ideas and duties, reducing stress and helping them to be more meticulous and thorough in their work. As a result, we were able to achieve our objectives fast.

Our Business Model Canvas (BMC) was created with the intention of truly helping people. That is why we devised a BMC to aid people in the event of a pandemic, particularly our elders and farmers. During our BMC presentation, our instructor also gave us positive feedbacks, which strengthened our confidence in our work. We couldn't have done it without the help of our teammates.

At the next meeting, we talked about the "Doing Things That Scale" concept. This recommendation contends that in the early stages of a startup, the founders should prioritize doing things manually above building things that will help them scale/grow quickly. This piece of advice captures the inherent irony of beginning a business. When you hear such advise, you may ask how it will assist you. You won't be able to meet your goal of raising your company's sales to X million or billion dollars unless you take efforts to assist it in scaling and growing. The domain competency of major firms, on the other hand, scales. As soon as something scalable and obvious becomes scalable and obvious, people will begin to do it. When you start from a position where things don't scale, the thrill of creating something new emerges. Start-ups all have one significant advantage over larger corporations: they are tiny and agile. As a result, start-ups are able to pay more attention to their clients than most large corporations. When you do non-scalable things, you can see your consumers use your products in real time and observe a lot of things you hadn't noticed before. You get to put yourself in your customer's shoes and experience the world through their eyes, as well as see the problems they were experiencing. It also assists you in validating your product/idea and ensuring that you give values that satisfy and excite your customers.

Learning never stops when you already have a business. Everyday, you learn something new from people and things around you. When you recognize that continuing education is available, you realize that there is room for advancement in your organization. This motivates people to work harder in order to meet higher goals.

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What is "Broom Broom: On the Go"?

Due to the current pandemic, the IATF unit directed guidelines to reduce close contact. As a result, a rule was enacted saying that only elderly persons aged 65 and under are permitted to go outside. Another rule (particularly in the city of Valencia, Bukidnon) allows residents of specific towns to travel to specific enterprises on specific days.

As a result, the team devised a solution to frame the problem, which is to deploy a "mobile palengke" (roving grocery store) to reduce crowding in public markets despite social distancing, age restriction, and clustering schedules under the enhanced community quarantine. Our product is intended for a mass market, and our proposed solution may serve a wide spectrum of consumers, from young to senior. The benefit of "Broom Broom: On the Go" is that anyone who does not want to leave their homes may get their essentials without having to go to a local market.

With this project, the team demonstrated the importance of collaboration. Our team discussed learning about target markets, competitors, customers, and our own strengths and competences. When we worked as a team, we were able to learn from one another. We discovered a lot of new things while developing this concept. With active listening and effective speaking, we came up with "Broom Broom: On the Go".

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What does it take to be an entrepreneur?

Entrepreneurship is the process of creating and pursuing a business opportunity regardless of available resources. Being an entrepreneur entails learning and understanding entrepreneurship. Learning to be an entrepreneur isn't a walk in the park; it's much more than that.

My teacher once told me that taking an entrepreneurship course would be the most difficult class I'd ever take. She mentioned that the subject has the most ambiguous and uncertain materials, as well as the most tactically challenging situations, because it requires strategic thinking. At that point, I believe we all began to panic. I mean, we already have other subjects that exhaust even the last of our braincells. What more if we have another one? However, when I pay more attention to our teacher's lecture. I could see why she felt the need to call those things out.

Because entrepreneurship cannot be taught prescriptively, students must study it inductively. Being an entrepreneur entails having the guts to be wrong, embracing the culture of 'good enough,' and collaborating with a team that will also serve as your foundation in building your venture. Being an entrepreneur really isn't a walk in the park. Instead, it's a journey that will be the most fun you'll ever have.