For the Young Entrepreneur: Do not Fear the Lingo, Get down with it! (Even more fun with wise friends!)

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(Matt Lapid will be regularly posting original articles with me here on JGL, with the perspective of being brand-new entrepreneur. Heres his second article. As usual, please tell us what you think with the content we are pumping out for you. Gracias! - Peter) “So is it a B2B or B2C…Kasi pwedeng B2C…Pwede rin B2B, but you need to define your niche market and validate…BOOTSTRAP…Looks like you have an MVP!” This is the lingo that resonates after being with JGL for one week. Initially, I felt like “huh?” all the time. “What’s a B2B? I never took calculus.” In spite of my ignorance, I understood that even if I were to attain a tiny bit of knowledge of simple business terms it would … [Read more...]

Ambition + Innovation = Startup

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If I buy a Jollibee franchise, would that be a startup? If I open a sideline internet cafe while I'm handling my day job - is this a startup? There are several definitions thrown around now about what a startup is and isn't. Here's mine: Ambition + Innovation = Startup First, a startup is all about ambition. It doesn't want to be another player in the market. It aims to be the BEST player in the market, or better yet, it aims to find entirely new blue ocean markets. When I was still in Chikka Asia, one phrase thrown around a lot was "global domination." This is a startup. Morphlabs, a local cloud computing firm recently  was granted 5 million dollars in funding … [Read more...]

Small steps ARE the giant leaps

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It doesn’t need to be a giant leap. Perhaps you don’t need to quit your day job just yet. But start something. Enough of the Starbucks dreaming with your friends on that idea you wanted to do. Start doing it. Small steps. The small steps are the great ones. They allow you to digest the grand adventure you are undertaking into bite-sized pieces. They also allow you to generate much-needed momentum to take the bigger leaps.  In 2004, I had my big idea. It was to create a benefits-based HR technology firm. I do remember multiple times when I decided to put these thoughts aside thinking, “ME?! Start a firm?” However, it would gnaw at me periodically. I would have near-sleepless nights … [Read more...]

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