Posted on :
Wednesday, February 03, 2010
| By :
MallEzy
When we first attended the talk conducted by MoneyTree, we have slight idea of what it is all about. All that we know was that it is an entrepreneurial talk. We thought it would be the ordinary talk that we usually have and they are going to deliver messages just like the others did to us. However, this man, Michael Reyes proved to us that this is “one of a kind" talk that educates us (1) to be different from the others (2) to dream big (3) to realize your own dream business. It is more than just sweet talking that MoneyTree gives, they provided what we needed most, a delicate plot that leads us to success in our very own business.
As we went on, we found out that MoneyTree is actually a company that educates people about financial literacy. The Maybank MoneyTree YES Challenge organized by MoneyTree was sponsored by Maybank. We were quite surprised as we never knew Maybank has sponsored such a program for financial education, which is very important nowadays, especially during the financial crisis. We signed up for Maybank MoneyTree YES Challenge 2 without any hesitation because we think that it is a golden opportunity for us to get equipped in order to start a business.
After we signed up for the Maybank MoneyTree YES Challenge 2, we have the opportunity to attend the YES Red Carpet Party. This party was meant for the finalists of the very first Maybank MoneyTree YES Challenge to celebrate their triumph. From that moment, we thought that we too could be glorious; Maybank and MoneyTree are the ones that will lead us there.
Then, we attended the one day YES Challenge training on 17th January 2010. The presenter was Brandon Liew and Wong Yu Vee. We find the training interesting and meaningful because it was very beneficial. From this training, we learnt to value our time and make full use of it. As they mentioned, we need to spend at least 10,000 hours if we were to focus on our business. This is the most important thing especially for us, who are already final-year degree students. We need to use our time more wisely than others since we have to pay equal attention to both our academic studies and business challenges. The knowledge that we have acquired during the session was:
1) The bigger the problem, the bigger the solution, hence the bigger the money.
2) The personality of a person needed in a business team.
3) Traits of a successful entrepreneur
4) The funds available for business, and how to get them
5) How to turn an idea into a sound business proposal.
Also, we learnt about the characteristics of an entrepreneur. An entrepreneur recognizes opportunities and challenges the unknown. These gave us a strong motivation as if it has brought out our entrepreneurial spirit. We believe it is time for us to take the initiative towards more challenges even if it means breaching out of our comfort zone. We know it is hard but MoneyTree taught us to have faith in ourselves, never give in and do whatever it takes to reach our goals. This is the kind of motivation MoneyTree gives and it does not end there. They will give us the support that we need and guide us through the journey.
We already have our business idea for Maybank MoneyTree YES Challenge. Our plan is to set a company called MallEzy that links businesses in shopping malls to its potential customers. It allows businesses/merchants to advertise on the website so that customers can get the latest updates. This company will be able to earn revenue from advertising fees and commission. However, we do have a problem setting up the trade of barriers to entry. Our main concern now is competitors imitating our business idea. The whole thing was never easy, without commitment there is nothing to achieve, therefore we have decided to commit ourselves to succeed in this challenge.
As we went on, we found out that MoneyTree is actually a company that educates people about financial literacy. The Maybank MoneyTree YES Challenge organized by MoneyTree was sponsored by Maybank. We were quite surprised as we never knew Maybank has sponsored such a program for financial education, which is very important nowadays, especially during the financial crisis. We signed up for Maybank MoneyTree YES Challenge 2 without any hesitation because we think that it is a golden opportunity for us to get equipped in order to start a business.
After we signed up for the Maybank MoneyTree YES Challenge 2, we have the opportunity to attend the YES Red Carpet Party. This party was meant for the finalists of the very first Maybank MoneyTree YES Challenge to celebrate their triumph. From that moment, we thought that we too could be glorious; Maybank and MoneyTree are the ones that will lead us there.
Then, we attended the one day YES Challenge training on 17th January 2010. The presenter was Brandon Liew and Wong Yu Vee. We find the training interesting and meaningful because it was very beneficial. From this training, we learnt to value our time and make full use of it. As they mentioned, we need to spend at least 10,000 hours if we were to focus on our business. This is the most important thing especially for us, who are already final-year degree students. We need to use our time more wisely than others since we have to pay equal attention to both our academic studies and business challenges. The knowledge that we have acquired during the session was:
1) The bigger the problem, the bigger the solution, hence the bigger the money.
2) The personality of a person needed in a business team.
3) Traits of a successful entrepreneur
4) The funds available for business, and how to get them
5) How to turn an idea into a sound business proposal.
Also, we learnt about the characteristics of an entrepreneur. An entrepreneur recognizes opportunities and challenges the unknown. These gave us a strong motivation as if it has brought out our entrepreneurial spirit. We believe it is time for us to take the initiative towards more challenges even if it means breaching out of our comfort zone. We know it is hard but MoneyTree taught us to have faith in ourselves, never give in and do whatever it takes to reach our goals. This is the kind of motivation MoneyTree gives and it does not end there. They will give us the support that we need and guide us through the journey.
We already have our business idea for Maybank MoneyTree YES Challenge. Our plan is to set a company called MallEzy that links businesses in shopping malls to its potential customers. It allows businesses/merchants to advertise on the website so that customers can get the latest updates. This company will be able to earn revenue from advertising fees and commission. However, we do have a problem setting up the trade of barriers to entry. Our main concern now is competitors imitating our business idea. The whole thing was never easy, without commitment there is nothing to achieve, therefore we have decided to commit ourselves to succeed in this challenge.
Post a Comment