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3RD/FINAL BLOG

This blog is about the learnings that I've got in the last lecture series, that has been held in University convention center on November 23 2022

ON THE EVENT

Eng. Bronson G. Mabulay is the first speaker who explained the start up ecosystems. He said that in order to start a Start up we must have an investors, service providers, incubators, accelerators , educational and research. And during his Lecture he also tackled that if you want to pursue you're start up there are organizations that are willing to support you, their is an Act that can help you to build up your business. That is called the innovative startUp act PH. Law RA 11337

Mr. Arnel Areglado is the 2nd speaker who stated that one of the keys to be successful in business is mindset, mindset is the one who'll going to guide you in your destination. And he emphasize that even their profession is not accurate to business they still managed to become a successful entrepreneurs . They are the kind of persons who created an app that none of them is not an IT graduate.

ABOUT THE START UP

In building a business you have to go to any meeting and conferences that related to business. It we'll help you big if you'll attend one of those because those are one of the roots of their success and you'll probably learned a lot in that session.

Starting up a business requires a lot of time , money , courage and perseverance to be able to surpassed the possible problem your going to encounter in the long run .

Start a business services in your community.

Love and support local products, your not just going to be a entrepreneur, you're also be a good resemblance from others.

Consistency is the key.

It can help you improve your ideas about the product you created.

Consult someone who are experts in this kind of field and ask for any recommendations and advices . Even validation if this product would be sold in the market.

THE LEARNINGS

I realized that it's really much better to hear advices from the entrepreneurs than to an ordinary person.

Find the problem in that era and make a solution.

Validation is power .

Hard works paid off .

OUR START UP STATUS

We innovate tumbler into a smart tumbler nor called the tumbler of the future. We're already done with our interviews and now we are also done with our final pitching together with the pre-recorded presentation about our product.

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TECHNOPRENEURSHIP BLOG

It's a quiet long since the last time I created a blog and now let's get started to our new product which is the “Smartubs” a short term for Smart Tumblers. The first blog I created is related to coffee but now let's go on to technoprenouship industry. How do we come up with this idea, from coffee to smartubs? The idea of having something that can be turn into cold or hot is the main reason we come up in such innovative products.

Tumblers are typically insulated cups or mugs that are designed to keep drinks safe while on the go.

For any occasion.

Smartubs are compact, convenient, and built to keep your drinks insulated for hours. They feature a streamlined design for comfort on the go, a lid to help prevent spills, and insulated materials that seal the temperature. Can keep your warm drinks warm and cold drinks cold for hours. Whether it’s your morning coffee on the way to work, some spiced chai around the campfire, or iced tea to keep you refreshed on a hike, tumblers are a versatile option.

Business Proposal

Our target market this time are the upper middle class people specifically the campers, military, traveler, professionals, office workers which all have the common situation the inaccessible of cold and hot water during camping, hiking, traveling, military operations and even office working.

We also like to reduce Plastic Pollution because for every six bottles people buy, only one is recycled that leads to a big problem given the fact that water bottles do not biodegrade.

The Innovative Product

Smart Tumblers

Smartubs was made of HDPE plastic in it’s outer frame

- BPA Free Lid

-Leak Proof Designs

- Premium Copper Coated

-Vacumm insulation

- Food Grade Stainless Steel

- Durable Stylish powder coating

-Anti sweat and Burn Free design

Main Features

The main feature of SmarTumb is to serve cold and hot coffee or any other liquid matters. Moreover, it is stainless is not just durable however it is the safest when it comes to storing food or beverages. These feature of the product will keep the costumers buy it for more. This innovation serves as strength to the business to go along with the competition in the market.

Designing our innovative product literally cause us a lot of time for but it’s actually fun things to do. We did a lot of research study about it and designed appropriately.

Our team wants to provide a sustainable and cost-effective product that will effectively meet the preferred taste of the target customers. Additionally, we aims to provide customers with high quality and users – friendly product to attain good sales that would allow business to obtain better return of investment.

Annual Market Survey for the Smartubs.

We the Ab History 1 students did an Annual market research survey questions to our target via face to face interview and online. Our team would like to know about the target customers perspective about the Smartubs in order for us to provide an outstanding quality and service for our customer. We believe that giving the customers the opportunity to be involved and influential is going to support our development in the future. For us doing survey might be the best thing to do because they want to make their voice heard. “I like sharing my opinions,” one of the target market told us. They feel that by sharing their perspective, they can make a difference.

Business Hypothesis

The innovative product can run successfully if going to creat a Business Model and asking Annual Market Survey will help our product development.

Team Decision

Our team really having a hard time figuring what products we should innovative at first. We decided to do a survey in order for us to determine the point of pain of our target market.

Lesson learned

Making a decision without proper information makes the group complicated. And at first the thought of Entrepreneurial Mind is somewhat we thought similar to entrepreneurship in senior high school but later on we've come to realize that it's far different but what we thought off. Since entrepreneurship is more focus on business and how it well grow while Entrepreneurial Mind is only the thoughts of what we're thinking that would interest the customer. However, after those failures , we finally got the right prescriptive and the team still cope up with what have happened. We still managed to conduct our actual and online survey , which we can now point what are the point of pains that were addressing . Furthermore, through our hard works and sweats were successfully done with our conducting of data's and informations. And through this activity I learned that in order to have a business you must first address what are or is the problem in a certain place or location so you could have an idea on how to solve the problem. And to know what you should do to help them and also how could you benefits from it . Technopreneurship from the word "techno" is technology and "preneurship" is from entrepreneurship, simply put together that means entrepreneurship in a field of technology. This is a kind of field which the entrepreneurs uses technology to make their business known in the public. And it is able to acquire and reach more customers and choose from the best suppliers, to build better relationships with their target market. Technopreneur begins their business with nothing but with a brainstorming idea. It identifies present practices and assesses some new ideas to do something different. A person who is engaged in technopreneurship creates a product or solution that uses technological solutions to change the way of doing something in an orthodox way. It improves how we have done something before and how it has to be done in the coming future. Also, technopreneurship involves the creation of a product or solution that employs technology solutions to transform the way people do things in a traditional method.

Overall, tecnopreneurship is not a product but a procedure of synthesis to improve and create innovates the future of a person, a nation, and the globe as a whole. In this digital world, professional development programs, as well as training, have required to succeed in a knowledge-based society. They produce various strategic thinkers who have the relevant skills and talent to grab success in a changing global atmosphere at a fast pace.

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Entrepreneurship blog

Coffee jelly and ice coffee product business

FOOD IS THE BEST COMFORTER AND STRESS RELIEVER ACCOMPANIED WITH A DRINK THAT SATISFIED THEIR DESIRES. EVERYONE WOULD ALWAYS BE NEEDING A SIP AND THE THOUGHT OF COFFEE JELLY/ICE COFFEE WOULD BE A GREAT IDEA TO FULFILL THEIR SATISFACTION.

Coffee jelly and iced coffee are both product of coffee but the difference is coffee jelly is a dessert while iced coffee is a coffee beverage. The product elements compose of coffee, gelatin,sugar , condensed milk, water, all purpose cream and ice. This product are worth buying for aside from it's cheap price and the taste is priceless. Coffee jelly was invented after westerners introduced coffee to the Japanese. Japanese people found new uses for the coffee and one of the best is coffee jelly ( a combination of coffee and gelatin). Iced Coffee originated around 1840 in French Algeria (mazagran or masagran) was Iced coffee first called . It was invented by french army during the Battle of mazagran . Coffee jelly is an existing product already but the twist with this product is the cream used is chilled overnight, that it wouldn't be the same as usual we bought.

Everyone decided that we would like to serve Iced coffee . Iced coffee is far different from the usual coffee we take , iced coffee is much more healthier than the usual instant coffee because it was found that hot coffee is have higher level of antioxidants than the cold/iced coffee . The caffeine in cold/ice coffee can increase in how many calories you burn at rest. This may make it easier to lose and maintain weight. And when this take regularly it may improve your heart health . However, the caffeine should be limited or avoided if you have uncontrolled High blood pressure. Though cold/ice coffee contains fewer total antioxidants than hot coffee, it's full of compounds that have high antioxidants activity . Antioxidants help prevent diseases that can reduce your lifespan .

Business Proposal

The AB History 1 business team aspires to meet our clients' cravings for delectable cuisine and give them a nutritious delight for such a low cost. We want to make a sizeable and responsible profit, enough to maintain the team's long-term financial stability and fairly reimburse potential shareholders for their risk and investment. The proper food at the right pricing and repeat business are the keys to the success of the coffee jelly/iced coffee offering. This business plan portrays a successful enterprise and a competitive team with promising future expansion.

Annual Market Survey for Coffee Jelly/Iced Coffee Food Business

We, the students in AB History 1, conducted an online annual market research survey among students at Central Mindanao University. In order to give our customers great quality and service, our team would like to learn about the target customers' viewpoints on the coffee jelly/iced coffee snack business. We are confident that allowing customers to participate and have an impact will support our continued growth.

Business Hypothesis

If we post the business product on social media platforms like Facebook, Instagram, Twitter, and other websites where people can see it, it can run well. Plus, conducting an annual market survey will aid in the development of our product.

Questionnaires and Narrative Description Results

Where do you usually buy the product?

- The product place availability is in the market, it was scored 6.24% higher than the other areas.

Is it available when you need it?

- The key to our business success is consistent product availability since it gives you the framework to merchandise and draws in your target market by giving them the goods they need to meet their needs. When we asked our target clients if the product was available on the CMU campus, 51.9% said occasionally, 18.5% said yes, and 29.6% said yes.

Is the price affordable for you?

-In our survey, 77.8% of respondents replied yes, while 22.2% disagreed. It is extremely evident that everyone can afford the  amount we are proposing.

What are your reasons for buying the product?

- Majority they both like to have a coffee jelly and Iced coffee, because it can ease their stress and problems . Aside from that mostly of the respondents are coffee lover.

Team decession

Our initial team selection was the Coffee Jelly product because it was both inexpensive and delicious. We begin by introducing our business concept to others on campus before getting started. Since the product is still relatively unknown, some of us intend to start by introducing it to our friends and classmates. After introducing it to our constituents, some claim that expanding our line of coffee items will improve our business by giving us more exposures and revenue.

After deliberating, we ultimately decided to include iced coffee products in our business proposal and sought feedback from other CMU students. The strategies worked out as expected, and the intended market is interested in the coffee jelly and iced coffee businesses. Our business wants to meet our customers' cravings for delectable dishes and give them a healthy delight at a low cost. As expected our valued customers are the students, faculty, teachers, and staff. We will truly value each of them. We aim substantial and ethical earnings, sufficient to maintain the team's long-term financial stability.

Lesson learned

I learned that putting up a business wasn't that easy as one two three, it's a matter of courage, perseverance and dedication to make it possible to happen. And as one of the members I've learned a lot during that time. Being an entrepreneur is like planting a tree in a dessert which was very an hopeful that it well grow as we expected because we all know that there is only small hope that it well grow and last but as an entrepreneur well do everything that make our hopes come true. Because who knows what well happen, we can't judge what are the future holds . All we can do is staying positive as always , just focus on what we're doing and don't let someone be a hindrance of our success .

Growing a business is a wonderful yet incredibly difficult job. Fortunately, if you take the time to learn from the successes of successful business people who have previously talked the talk and walked the walk, the process is considerably simpler. Thus I'm really appreciative that I've had the opportunity to speak with entrepreneurs. And as what I've done I want to know more about entrepreneurship because it quite interesting even though it's a bit hard at the same time. But it doesn't matter what matters the most is what I learned. Over all, I'm looking forward to learned more from this subject and how entrepreneurship would be a great venture.