After the FI graduation, while we were having some drinks, I started to think "Will startup courses like FI be relevant to MNC companies?" Problem is that MNC's don't liek startup guys and well, startup's don't like MNC guys as well. There were so many mentors who said don't hire people from MNC backgrounds but realistically in today's economy, if you don't have a steady income or savings, how are you going to get a company up and running in Malaysia? So I started thinking, what did I learn in FI and would it be useful if I was still working in an MNC? How will it help? Will it be beneficial at all or would it make me quit my job? Well, lets break the FI curriculum down.
Later on I will expand more on to what I have learnt during this time and how I feel it is beneficial for anyone who is working at an MNC After the FI graduation, a group of us were having a chat on getting stuff done. I have met so many people who have great ideas but most of them are too scared of getting it off the ground and just following through with it. I do agree that we all must be able to sustain ourselves but I always feel that we burden ourselves with items that the media and marketing companies have ingrained into us... the sports car, the expensive clothes, the watch, the life style. Take that all away and you can do a lot of things! Anyway, today I want to talk about the tools available to get a MVP, Minimal Viable Product. So before you begin, you need an idea, then get a domain name for it. After you have your domain and your free email, you need to start conceptualizing your product, here there are many tools available to you. Some are free but some have nominal prices.
The list I have is not all encompassing, it covers what I have used and what I find interesting to be used. There are many many more tools available and it is great that being able to be used online simplifies As part of going through the Founder Institute program, I feel that there was a section that was talked about but not stressed enough. That is "To take care of yourself first".
Before we can start to build the next greatest tech company that will dwarf the likes of any of today's giants, we must always remember that we have to ensure that we are able to take care of ourselves first! It is probably no wonder why only those who are successful previously are able to continue their successes by starting up another company and another after that. Serial Entrepreneurs... So for those with a dream to become an entrepreneur, do remember that before you start, ensure that you can take care of yourself for the journey. Money is not going to fall out of the sky to fund you at all. Many funding grants are pay first, claim later type of deals. So if you don't have the money or can't raise angel seeding from your friends and relatives, it will be hard at first. Not impossible but hard. We can't think well with an empty stomach. :) It's been a while that I have been on my own and not working in any MNC. Lots of people think I have a few million stashed away in the bank. Only those who know me will know that is not the fact as I will be one who will be driving a nice car to work if I do.
Anyway, on my journey on being on my own, I find a lot of people wondering how they can do the same. The economy is bad, sales are down, everything is getting more expensive and yet I can do it. It's just a matter of simplifying you life. Stripping out excess and saving up to do so. If you haven't started saving, better start now. A simple example I always like to use is how many people own a nice car? How much does it cost a month for the loan and maintenance? If you don't have that, you have easily saved a few thousand there. I have met many who overspend because of their car or handbags and yet complain all the time they have no money. They wonder how others can afford a house or a new phone when they have to save up for it. It's just down to simple financial management. Cutting spending while increasing income. So if you want to have a simpler life, stop looking at winnig the lottery or making more money. Look at spending less first. Stop going on holidays and complaining of owing credit cards. Stop buying new phones and gadgets when they launch. Stop owning a car which takes up 20-30% of your monthly income. Live simply and happily. |
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AuthorTechie tuned entrepreneur... wonder how the journey will be like and will I be able to succeed? Archives
October 2013
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