2010년 1월 27일 수요일

Guest Speaker: Ron

First of I really like his presentation over Business Plan (BP)! Very good points were made and I was very interested to know more about certain points. Here are some points that I noted down as I was listening to the presentation.

1) Selling stuff (idea) that has no/low value:
At first I was like, "why do we want to sell something that has no value?" but Ron goes on and explained, the 'real' money comes from where no one has explored before. Great point~! Convincing or even making thing better to sell is very important skills to acquire.

2) BP is a way of communication, and having BP convinces other people that you are taking this business very seriously:
He emphasized the importance of having BP. From my understanding, BP is like a resume for a applicant to present their history. You can tell them everything about your business idea, and maybe they will get interested to buy into your business. The next thing they will ask is do you have a business plan that they can read. Well, here is you shot. Investors will want your BP and your business's growth rate, even a prediction if you are just starting.

3)Elements of BP:
Here is the five steps to write BP.
1. identify audience
2. outline BP
3. write plan
4. review plan
5. update plan

consider step 4 and 5, this two steps are repeatable, well you have to repeat them, because BP is always a draft. There is no 'final' BP, because local/global market and information get updated/changed every day and every night.


2010년 1월 19일 화요일

5 Business Ideas

From my perspective, a business ideas can be very creative and innovative since it is an 'idea' of what might be possible. I had and have many business ideas as I grow up, and I would like to introduce some of them here.

1) Online game Enviroment A.I. development Company
Before I move on to details, it is important to understant what 'enviroment' is in online game world. The enviroment in online game world is considered as non-user objects that interact with users with behaviors that is predefine by program. Good example can be drawn from RTS(real time simulation) game called StarCraft. Once a user decide to play a single player mission, the A.I. interacts, e.i. fighting againts, with user to somewhat make them think there is a real person playing with them. But, the crucial problem of A.I. computer kicks in soon or later. The limitation of A.I. ability to handle various exception is considerable low.

There are a lot of facts that cuases A.I. lack of ability to perfom like or better than human. One of them is the cost. Since game development company is spending a lot of momeny and time to get the game going, I would like to propose the other option to them. The business plan that i made was to make a company fully devoted on development of A.I. computer for gamings.

2) UE development and improvement company
What is UE? We surely, as CSS major, know what UI, user interface, is right? UE stands for user experience. Driven from recent reading for TCSS 452 class, I've thought, "how about making a company or team fully devoted to create better user experience while using various interfaces?"

3) Waitless Order
With a hightech that has been developed recently, I believe it is possible to install a clear screen on the tables of restaurants that displays menus. In recent conference in CES2010, there was a technology introduced that allows a computer screen to be transparent and still display images.
http://www.youtube.com/watch?v=qeNJrim3SU4 (reference to the information)
By adopting this model, there will be no waiters to take your order, meaning no frustration on telling them bring my water, spoon, or etc.
The order of the food will go into the kitchen straight in order the customer submits their order. Waiters, they are still there to deliver the food to the table, will be waiting to deliver what is needed. Thus, the number of waiter will be reduced significantly.

4) Trashcan that has hole?
This idea hit me when I was young. As most teens do, I hated to clean my room. Whenever my mom yelled at me to empty the trash can, I yelled back I can hold for few more days. Then I thought what if there is a trashcan that has a hole under it that is connected to trashyard somewhere, or even connected to a local collector that gets emptied frequently just like what Trash Car does to the trash cans in town.

5) Cellphone payer
This model has been adopted throughout many Asian developed countries, such as Korea and Japan. This is not a 'new' idea, but it is very efficient and useful. I don't know why we are not using them right now...
The concept is to turn a cellphone into a protocol that ables users to purchase something by just touching the cellphone to a pad. When we, as UWT student and faculties, we have a key card that we have to touch the pad with to open up the doors. Very similarily cell phone will work just like that to purchase services.
I.E. in transit, when we are getting on board, we can just touch the cellphone to the pad located on the enterance to pay the money. The amount will be added into next month's cellphone payment.

2010년 1월 15일 금요일

Ah... the feeling of cutting the tape wrong way..

I just noticed that the first blog entry was due past wednesday... sigh.
I just hope I will be on track with due dates from now on.