Tag Archives: business

Sponsored Review: Feel the air of entrepreneurialism!

Feel lost in the job market? Lack of motivation? I believe these are some emotional struggles among young Singaporean. However in the midst of poor market condition, there always exist an opportunity. Successful entrepreneurs usually emerge during bad weather. Why not get yourself de-stressed and feel the air of entrepreneurialism with Global Entrepreneurship Week 2008?

Global Entrepreneurship Week (The Week) lasts from 17 to 23 Nov 2008. It is a celebration of innovation, entrepreneurship and creativity. The Week will bring together millions of young people across the globe through online and local activities and encourage them to think innovatively and unleash their ideas.

This is not an “All Talk, No Action” event. M.Y. FBI Holiday Camp, targeted at children (age 10-12), will required participants to think of creative ideas to sell their craft on 22nd November as a closing for the camp. All profits will go to a charity benefiting children which will be selected by the participants themselves.

Besides business educations for the young children, Youths-4 Charity Flea market is targeted at youths from Secondary Schools and ITE with a focus on social entrepreneurship. Youths-4 Charity Flea market is a competition. Each team will be required to produce items/ crafts for sale on the flea market. To make the competition more realistic, rental and interest will be imposed.

The Global Entrepreneurship Week 2008 is organised by ACE and NUS Enterprise. The sponsored review is provided by BLOG2u (http://blog2u.sg). If you wish to find out more information of the event, please visit the official site: http://www.entrepreneurshipweeksg.org

Can we drive “armored-vehicle” on the road?!

 

If you are an entrepreneur or business developer, you are constantly fighting for sales otherwise you will lose out in this highly-competitive market. Time is everything! As a sales person or entrepreneur (especially those at the early stage of startup), you need to be highly efficient even on the move!

 

Meeting your clients is like engaging a fire fight. You need weapons and transportation for wars. Your products are your bullets and your car should be like your armor vehicle. Besides transportation capabilities, armor-vehicles have fighting and communication capabilities. Question here, “besides transportation, what else can our car do?”

 

I am sure all of us agree that car is a liability. Why? Simply because we do not see much of owning a car except for the ERP (for those who don’t understand, it is the acronym of Electronic Road Pricing), car loans, petrol charges and road taxes. We need to look at uses or applications of car beyond transportation.

 

I come across the term “Mobile Office”. One of the examples is to convert your vehicle into a mobile place. I believe this is the area that can be further explored. In fact Volkswagen (Stock Quotes: VOW.DE) has the concept of such car. Below are some of the photos of Volkswagen T6.  

 


 


 


 

The T6 model has won the “Best Lifestyle Interior” in the Interior Motives Award 2008. (Source: Car Body Design)

 

I am using this example only to prove my point that we need more applications on wheels. In fact, I believe that the design of the concept car can be further developed to suit the needs of the mass (especially entrepreneurs who might not have an office to work since office rental can be quite expensive).  Sounds hard? But it is not very hard for the technicians to change or modify your car parts. If you watch MTV channel, there is a TV program called “Pimp My Ride” that actually helps to “renovate” your car.

 

 

Enough of Wonderland! Let’s get back to reality. In Singapore, we have seen car loves spend ten thousands of dollars just on installing lighting and car audio system. I am sure there is a demand of office usages on cars. But, Can we have such car modification in Singapore? Bear in mind, you might be installing additional battery (approval from LTA – Land Transport Authority ) to power up your equipments such as communication devices which might transmit wireless signal (approval from IDA – Infocomm Development Authority).  Things are not going to be that simple. I believe there are more factors to consider.

 

I am very willing to hear more. Please drop your comments.

 

Business Times – S’pore firm scores mobile wallet success abroad

 

WITH Singapore’s efforts to promote payments via mobile phones slow to get off the ground, a local firm is dialling overseas to exploit the market potential of this emerging technology.  

 

 

Following the success of earlier trials, Cassis International is working with a Malaysian operator on the commercial rollout of its mobile wallet initiative, according to company CEO Chua Thian Yee. This comes on the heels of a similar deployment for Korea’s SK Telecom (stock quote: SKM)in 2007.

The homegrown tech upstart, formed in 2002 by a group of executives from the smartcard industry, plays an integral role in realising the payment promise of near field communication (NFC), the technology that is being used to allow consumers to tap and pay for purchases with their handsets.

This is because Cassis provides the solutions needed to allow financial services players to securely distribute credit-card and other payment applications over the air to NFC-enabled mobile phones. By loading the relevant applications, the phone can be used to pay for everything from train rides to burgers and movie tickets.

Cassis was roped in for all the NFC trials that were sanctioned by Visa International(stock quote: V),  and is the only Asian firm on the payment provider’s international mobile payment platform consortium.

Helped by the two overseas projects, the firm is expected to maintain its revenue growth at 30 per cent in 2008, but its big break could come within the next year with more commercial rollouts around the world.

‘2009 will be a big year for us,’ Mr Chua told BizIT in an interview on Tuesday, without disclosing details of the deals in the pipeline.

To tackle its overseas projects, the company currently has a team of 70 staff across Malaysia, China, Korea, France, and its headquarters in Singapore.

While inter-operability and fragmentation issues dogged earlier attempts to promote mobile payments, Mr Chua is confident that the outcome will be different this time around with NFC.

Instead of loading credit-card applications into the chip of a plastic card, the data is instead sent over the cellular network to an NFC handset. There is no need to replace existing payment terminals, Mr Chua stressed.

‘NFC uses a standard that has already been established. It’s not about introducing new equipment but merely using another form factor (the mobile phone instead of a plastic credit card) to pay using the same transaction terminal,’ Mr Chua said.

While telcos in countries such as Japan and Korea have introduced mobile payments, local operators here are just starting to dip their toes into the fledgling technology.

Singapore Telecommunications and its partners Nets and United Overseas Bank are assessing the feasibility of a new coupon redemption feature with NFC-enabled handsets.

Rival StarHub, however, has chosen to join hands with Japanese operator NTT Docomo (stock quote: NTT) to test out the latter’s Osaifu-Keitai mobile wallet platform in Singapore.

Source Business Times 20 Oct 2008