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      "body": "![logo.png](https://steemitimages.com/DQmPqDiJS5LzUPrR67bAywbtf6BAs1thXyvPe7wEWiJrwMg/logo.png)\n\nLast December Malaysia held the Global Entrepreneur Community Summit 2017 in the heart of the country's capitol, Kuala Lumpur. \n\nThe event had many famous names in all different industries - from business to science!\n\nAmong them was **Steve Hoffman**, the *CEO of Founderspace!*\n\nSteve Hoffman gave a talk on how people can start businesses. This was amazing! Finally, a proper talk by someone who has been there done that! He had given a talk from two different perspectives: **(1)**  *From a entrepreneurs perspective*, **(2)** *From a venture capitalist perspective*. \n\nThe audience got the best of both worlds! Knowing what entrepreneurs like themselves would need to look out for and also what venture capitalists want from startups!\n\nhttps://youtu.be/cBE5FXBR_Cc\n(source: Youtube-GECSummit)\n\n---------------\n\n**Here is a summary on his talk.**\n\nSteve Hoffman - *\"What Makes Entrepreneurs Successful?\"*\n\n#### Determination \nEntrepreneurs need to be driven to succeed. The need to figure out *what to solve? and how to solve?* and the don't take **NO** for an answer.\n\n#### Curiosity\nEntrepreneurs are willing to go deep into something that they find fascinating and that excites them. Many will stop with the first idea that they have and will not continue after that. But, good entrepreneurs will ask *Why?* and from there, they will further work on the idea and create new things.\n\n#### CEO\nA CEO is not someone who tells people what to do, but rather a CEO is someone who brings the resources into the startup. CEOs are the ones who *feed* the startup with value, information and point the team into the right direction. \n\n#### Prepare to Fail\nAll startups and entrepreneurs need to prepare to fail. It could be a small failure or a big failure, it all depends on what stage you are in. *Failure is a process*. People should learn from their mistakes and use that to fuel your success. They should also learn more about themselves.\n\n#### Stand out\nYou need to have something that will stand out from other products in the world. *If you have a product that is a little bit better, you have failed*. Your product needs to be exponentially better! \n\n#### The Big Idea\n*Many great startups don't start this way*. Many of the ideas from the greatest startups have come by accident! *Youtube* was initially a video dating site. but it became the largest online broadcast platform in the world. \n\n#### Think Small \nDon't start with the Big Idea, That can come in later as your startup progresses.\n\n#### Start Small\nHire as slowly and as little as possible. You don't want to over hire and people will work less and you become less productive.\n\n#### Small Budgets\nStarting with small budgets is good, because large budgets ca be dangerous because it allows you to do things you do not have to with that large amount of money. So have small budgets and work around it.\n\n#### Go through the Loop\nGo through the innovation loop: *Idea,Build,Test, Compile Data, Analyse the data*\n\n#### Get Dirty\nIf you want to innovate, go out and see the world. Observe what other people are doing and observe what are the problems that people face.\n\n#### New Technology\nUse new technology so that you can be up to date and be more productive as a startup.\n\n#### Run Experiments\n Try coming up with an idea and try to kill that idea with something else. It could be anything at all! Just try to kill that idea. If you succeed at killing your idea, then your idea is not as good as you would like it to be. but if you can't figure out a way to kill your idea then you probably have something.\n\n#### Don't Chase Losers\nStop chasing something that does not work. Don't waste your time doing so.\n\n#### One Winner\n\nTake risks! In order to do something, you need to take risks!\n\n![@AlltAlknoaction (2).png](https://steemitimages.com/DQmenthUhGShKptVUCsJCPpnFR4r9376DecodxDFcGpxXip/%40AlltAlknoaction%20(2).png)\n\nHope you enjoyed this post! and if you do, Your Upvotes, Comments and Follows are much appreciated!\n\n#teammalaysia #steemit #steve-hoffman #think-like-a-startup #gec-summit-2017 #steemitsuccess #steemit-success #business #app-ideas #steemitrockstar #steemit-rockstar #steemit-tips #trending #new #steemittips #how-to-business #how-to-start-business #writer #blog #steemit-dolphins #steemit-success-tips #steemit-writing #steemittrending #steemit-tag #stemmitwhales #steemit-whales #succeed-on-steemit #kr #howtosucceedonsteemit #how-to-succeed-on-steemit #postpromotion #hot #hot-to #how-to-have-app-idea #how-to-make-an-app #how-to-build-an-app #idea #fintech-news #fintech-asia #asia #i-have-an-idea #global-entrepreneur-community #entrepreneur-tips #kuala-lumpur",
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      "body": "@@ -17,14 +17,11 @@\n dea \n-- Copy\n+(3)\n .png\n@@ -55,52 +55,52 @@\n /DQm\n-e5jVQMoHYi6UEySEwiRWAk7XY8GX6BcbLEXTPkpnTQq9\n+dsXpngaAygcJM6MFQhSYBYSnFzC2t16njo1XfSDBCK7B\n /Use\n@@ -126,16 +126,11 @@\n a%2520\n--%2520Copy\n+(3)\n .png\n",
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      "body": "![Use This App Idea - Copy.png](https://steemitimages.com/DQme5jVQMoHYi6UEySEwiRWAk7XY8GX6BcbLEXTPkpnTQq9/Use%20This%20App%20Idea%20-%20Copy.png)\n\n--------------------\n\nThat's right! the title speaks for itself. Today's post is actually about giving out an idea that I have been thinking about for a couple of months. \n\n**What I've done so far:**\n\n* The concept of the idea\n* Target Market\n* Business Model\n* Problem\n* Solutions\n* Step-by-step of its function\n\nWhat do I want to get out of this? Nothing much honestly, I would love to see someone who is capable and bold enough to go on and make this idea happen.\n\n---------------------\n\n*Why did I choose not to pursue this myself?*\n\nWell, ever since I had my mind wrapped around the idea I have been trying to look for existing competitors in the market and not until last week I finally did. Now, yes I know that having competitors within markets are great. \n\n----------------------\n\n*Why you ask?*\n\n1) *It provides **reassurance** that your idea actually works!\n\n2) *It builds **loyalty** for your customers to return to you for your products*\n\n3) *Allows your to **improve** on your product or service to out do competitors and stand out*.\n\n---------------------------\n\n*Back to the idea*\n\n**Here it is:**\n\nThe **idea** is to create a white-label platform to accommodate all the existing and future *e-Wallets and mobile payments platform* in one place. \n\nFor example: You walk into a cafe and the cafe accepts AliPay. However, the only problem is that you only have WeChat pay on your mobile phone. Now, there are two choices for you at this point: \n\n1) Download AliPay and fill in your bank card details. (Which takes time)\n\n2) Walk away and look for another cafe that accepts WeChat Pay. (Wastes time and effort too)\n\nBut, what if you have an app that has both these apps?\n\nYeah, that's the whole idea. It eliminates the trouble for you to download another app and fill in bank card details. \n\n### Problem\n\n1) Abundance of Cashless payments platform\n2) Downloading another app and filling up details takes time\n3) Potentially drive customers away\n\n### Solution\n\n1) White-label platform to accommodate e-Wallets and Mobile Payments\n2) Pick and choose (Downloading is not needed)\n3) Eases accessibility for cashless payments\n4) Encourage cashless payment usage.\n\n### Business Model\n\n**How to make money?**\n\n* Make money through each transactions via the app (Make a deal with the payments company)\n\n* Charge the Payments company a fee to be able to use the white-label platform ( Use the platform as an advertising or marketing platform too)\n\nYour revenue model can be in many different forms, be creative and use that creativity to your advantage!\n\n### Target Market\n\n*So, who are you selling this product to?*\n\n* You want to be able to sell this product to **e-Wallet and Mobile Payment companies** who believe in what this platform can do for them and for people\n\n* Target people who use Mobile payments and e-Wallets. There may be a problem in that area at this moment because it is still a new area. However, the amount of people who will transition to a cashless society will increase in the next 5 years. Be *optimistic!*\n\n### Step-by-Step Function\n\n#### Step 1\nUsers type in card details. This will allowed to be copied into the chosen payment platform. *Easy peasy*\n[Account 1]\n[Account 2]\n[Account 3] \nMultiple accounts is possible.\n\n#### Step 2\nUsers will be able to pick and choose which cashless payment platforms they wish to have as their *'Favorites'*\n\n#### Step 3\nUsers can now choose which account they would like to have linked to each payment platform. e.g- [Account 1] **links** AliPay.\n\n#### Step 4 \n* Use any App to pay at any partnered merchant. \n* Use NFC function or QR code\n\n#### Step 5 \nUsers can also tract their spending and expenses for each payment platform and each account.\n\nThose are the functions and features the app can potentially have. If **YOU** have better ideas, USE IT! and hopefully you can beat the existing competitors or even create a new market of your own! \n-----------------------------------\n\n![@AlltAlknoaction (2).png](https://steemitimages.com/DQmenthUhGShKptVUCsJCPpnFR4r9376DecodxDFcGpxXip/%40AlltAlknoaction%20(2).png)\n\nHope you enjoyed this post! and if you do, Your Upvotes, Comments and Follows are much appreciated!\n\n#teammalaysia #steemit #steemit-help #steemitsuccess #steemit-success #business #app-ideas #steemitrockstar #steemit-rockstar #steemit-tips #trending #new #steemittips #how-to-business #how-to-start-business #writer #blog #steemit-dolphins #steemit-success-tips #steemit-writing #steemittrending #steemit-tag #stemmitwhales #steemit-whales #succeed-on-steemit #kr #howtosucceedonsteemit #how-to-succeed-on-steemit #postpromotion #hot #hot-to #how-to-have-app-idea #how-to-make-an-app #how-to-build-an-app #idea #fintech-news #fintech-asia #asia #i-have-an-idea",
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