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> FAILED ENTREPRENEUR! Come In.., Share your failed ideas and experience.

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SUSSpecial Agent
post Nov 12 2016, 12:30 PM

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QUOTE(wodenus @ Nov 12 2016, 12:19 PM)
I'm curious now how did you not have melting ice cream carrying it around in the tropical heat? and a styrofoam box full of ais krim potong is pretty heavy.

Is it actually possible for a styrofoam box to keep ais krim potong from melting for hours? I know if I buy ice cream it lasts for about ten minutes before it starts melting. And how did you carry the box?
*
there's 2 string tied up to carry,...it's heavy,.. thats why i ate some,..
SUSSpecial Agent
post Nov 12 2016, 12:33 PM

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QUOTE(wodenus @ Nov 12 2016, 12:19 PM)
I'm curious now how did you not have melting ice cream carrying it around in the tropical heat? and a styrofoam box full of ais krim potong is pretty heavy.

Is it actually possible for a styrofoam box to keep ais krim potong from melting for hours? I know if I buy ice cream it lasts for about ten minutes before it starts melting. And how did you carry the box?
*
village got many trees one lar last time, very shady one .. not like today all sidewalk trees kena potong,..
TSSplynncryth
post Nov 12 2016, 01:37 PM

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QUOTE(Lazarus7181 @ Oct 12 2016, 04:58 PM)
Hi,

I've still sticking around with my main job which is on web, desktop and mobile development. Most of the time, involves full stack development from front end to back end.

Here's a thing, my main job is not giving high enough salary but with high enough freedom to go anywhere and work at any place as I want. Of course, I'm not abusing this freedom which for the past 10 years experience, I don't see such opportunity.

As for opportunity, I was juggling between online part time development job as well as trying to get a grip into game development mostly focus on mobile.

I don't think the part time development is sustainable in long term but I do need those extra income whereby it is not stable at all. As long as I'm not tied to any part time development, I will start learning and venturing deeper into mobile gaming development. The thing is, while trying to think of simple idea and work ahead on it, I constantly found myself lacking on drawing and animation skill. So, I just use those gibberish type of static arts and play around with it.

I did contact one of my ex-colleague regarding his intention to join me on venturing this mobile game development because I need ideas and his prowess skill on drawing and animating. It seems that he needs some development cost on his side and unable to venture deeper due to uncertainty which I do agree. Unless I came out a brilliant game idea and discuss with him, I doubt I have any potential to have him onboard.

From what I can understand, in order to pull off, I need a developer(mobile + server) which I'm fully responsible, a planner + marketer which responsible for marketing as well as sharing idea and lastly, an animator. Otherwise, this will be a constant hang around without proper move forward as far as I'm concern.

I've even came across a few games development companies that what they did was eventually developed several types of games on mobile to get which games has higher percentage of income through in-app purchase. But somehow, the volume didn't speaks much and after 3 to 4 months after each games released, they resorted to add in ads for extra income.

To be honest, to have a game as easy as flappy bird to hit the spot, I don't even dream of it but I was thinking of developing games to see any potential to hit off.

Mind to share what's your thought on this?
*
I have to say, I'm looking into the same area. Although the line of business that I do differs completely from Mobile-Apps. But there are grand ideas that is currently untapped in the areas of mobile platform. But to kick-start and have a dedicated team would be costly. Thus, the best way is to leverage on each other's strength.

From where I stand, I can't do independent development style like "flappy-bird" and have it out there for the masses. This is where independent developers shine. But from where I stand, grand-big-ideas that could have meaningful penetration and marketability, this is where we get our partners to fund (in millions if needed) and there are cases we have this taken up to the government for grants.

1. You have mobile + server development skills
2. I have marketing + planner or I can hire these people to get it up. Since hiring dedicated personnel may be costly, thus I can leverage their scope across other products and services that I have. And at the same time, look into developing the market for the mobile apps.
3. Animator. - I'm currently hiring people in this field due to the expansion of our business into stronger graphics presentation. From simple graphics into complex green-screen video fx setup. And this is all for the purpose of internal marketing and we're not even doing it as a service to clients. We have strong budget in this field to which there's definitely room to grow and taking in other work as we progress.

Let's meet up and see how we can work this out. Drop me a buzz when you're ready.

wodenus
post Nov 12 2016, 02:05 PM

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QUOTE(Splynncryth @ Nov 12 2016, 01:37 PM)
I have to say, I'm looking into the same area. Although the line of business that I do differs completely from Mobile-Apps. But there are grand ideas that is currently untapped in the areas of mobile platform. But to kick-start and have a dedicated team would be costly. Thus, the best way is to leverage on each other's strength.

From where I stand, I can't do independent development style like "flappy-bird" and have it out there for the masses. This is where independent developers shine. But from where I stand, grand-big-ideas that could have meaningful penetration and marketability, this is where we get our partners to fund (in millions if needed) and there are cases we have this taken up to the government for grants.

1. You have mobile + server development skills
2. I have marketing + planner or I can hire these people to get it up. Since hiring dedicated personnel may be costly, thus I can leverage their scope across other products and services that I have. And at the same time, look into developing the market for the mobile apps.
3. Animator. - I'm currently hiring people in this field due to the expansion of our business into stronger graphics presentation. From simple graphics into complex green-screen video fx setup. And this is all for the purpose of internal marketing and we're not even doing it as a service to clients. We have strong budget in this field to which there's definitely room to grow and taking in other work as we progress.

Let's meet up and see how we can work this out. Drop me a buzz when you're ready.
*
Everyone wants to be the boss, no one wants to do the grunt work smile.gif

D-Frog
post Nov 12 2016, 05:07 PM

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QUOTE(NotYourKuda @ Nov 12 2016, 12:19 PM)
I got time for that
*
He want to be the main shareholder of the company where me and my co founder.
Will be the smaller shareholder.
While raking a salary.hmm
NotYourKuda
post Nov 12 2016, 05:14 PM

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QUOTE(D-Frog @ Nov 12 2016, 05:07 PM)
He want to be the main shareholder of the company where me and my co founder.
Will be the smaller shareholder.
While raking a salary.hmm
*
Me jadi kuli oso can as long the pay is relevant la
D-Frog
post Nov 12 2016, 05:23 PM

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QUOTE(NotYourKuda @ Nov 12 2016, 05:14 PM)
Me jadi kuli oso can as long the pay is relevant la
*
Imagine spending months and countless hour doing the business review market research and building up the platform.
Then someone wants a giant chunk of your effort.
But welcome to reality.
When you have no money, you have no choice.
Gotta suck it up.
In the end, couldn't make it till the very end of the stage (ipo) because that this is not a sustainable business model.
Hahaha.
stargamer
post Nov 12 2016, 05:31 PM

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QUOTE(wankongyew @ Oct 9 2016, 09:46 AM)
I sold my sister to my neighbor. Then my mother slapped me and made me give back the money.

#failed_entrepreneur
*
Very nice, how much ?
NotYourKuda
post Nov 12 2016, 06:18 PM

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From: Litar Kuda

QUOTE(D-Frog @ Nov 12 2016, 05:23 PM)
Imagine spending months and countless hour doing the business review market research and building up the platform.
Then someone wants a giant chunk of your effort.
But welcome to reality.
When you have no money, you have no choice.
Gotta suck it up.
In the end, couldn't make it till the very end of the stage (ipo) because that this is not a sustainable business model.
Hahaha.
*
Well..thats how the world works..
xenith
post Nov 17 2016, 01:30 PM

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I shall print this thread out and files as a book.
TSSplynncryth
post Nov 17 2016, 01:48 PM

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From: Selangor


QUOTE(xenith @ Nov 17 2016, 01:30 PM)
I shall print this thread out and files as a book.
*
We should organize a group meeting of lowyat members.

1. Share Ideas
2. Discussions

Which may lead to

1. Knowledge sharing / Partnership
2. Setting the very first lowyat association club

Which may inspire to be

1. The very first in Malaysia forum driven Corporation where members can pitch ideas and projects that could generate income for the corp.
2. Members can be contributors, investors, part-timers contributing their skills where they can earn income.
3. And the project as a whole can be made to generate larger income which will then distribute and shared across.
4. We have people with various background, skills, knowledge, wisdom, experience and connections here. We need documents expert? Proposals writing? Mind-blowing graphics and presentation? Best talker? Best Joker? Good looking people to awe the audience? .... We could have the best of everything combined into one driven part-time/online corporation.
5. Imagine pooling this all into one large family/part-time contributors for a particular project or vision.
6. The world's largest forum driven corporation?

Well, That's just a thought, but it's a cool idea actually. And for those who loved to troll. We could use their skills of disruptions for other purpose as well. And I'm sure there will be trolls replying to how difficult is it to set one up. Doing it alone would be "impossible" but do it as a group? So take the "Im" away and everything will be "possible". smile.gif

This post has been edited by Splynncryth: Nov 17 2016, 01:50 PM
samftrmd
post Nov 17 2016, 03:08 PM

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Joined: Nov 2007
From: Planet Earth



QUOTE(Splynncryth @ Nov 17 2016, 01:48 PM)
We should organize a group meeting of lowyat members.

1. Share Ideas
2. Discussions

Which may lead to

1. Knowledge sharing / Partnership
2. Setting the very first lowyat association club

Which may inspire to be

1. The very first in Malaysia forum driven Corporation where members can pitch ideas and projects that could generate income for the corp.
2. Members can be contributors, investors, part-timers contributing their skills where they can earn income.
3. And the project as a whole can be made to generate larger income which will then distribute and shared across.
4. We have people with various background, skills, knowledge, wisdom, experience and connections here. We need documents expert? Proposals writing? Mind-blowing graphics and presentation? Best talker? Best Joker? Good looking people to awe the audience? .... We could have the best of everything combined into one driven part-time/online corporation.
5. Imagine pooling this all into one large family/part-time contributors for a particular project or vision.
6. The world's largest forum driven corporation?

Well, That's just a thought, but it's a cool idea actually. And for those who loved to troll. We could use their skills of disruptions for other purpose as well. And I'm sure there will be trolls replying to how difficult is it to set one up. Doing it alone would be "impossible" but do it as a group? So take the "Im" away and everything will be "possible".  smile.gif
*
Very good idea. What is the product though?
vng69
post Nov 17 2016, 03:12 PM

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QUOTE(Splynncryth @ Nov 17 2016, 01:48 PM)
We should organize a group meeting of lowyat members.

1. Share Ideas
2. Discussions

Which may lead to

1. Knowledge sharing / Partnership
2. Setting the very first lowyat association club

Which may inspire to be

1. The very first in Malaysia forum driven Corporation where members can pitch ideas and projects that could generate income for the corp.
2. Members can be contributors, investors, part-timers contributing their skills where they can earn income.
3. And the project as a whole can be made to generate larger income which will then distribute and shared across.
4. We have people with various background, skills, knowledge, wisdom, experience and connections here. We need documents expert? Proposals writing? Mind-blowing graphics and presentation? Best talker? Best Joker? Good looking people to awe the audience? .... We could have the best of everything combined into one driven part-time/online corporation.
5. Imagine pooling this all into one large family/part-time contributors for a particular project or vision.
6. The world's largest forum driven corporation?

Well, That's just a thought, but it's a cool idea actually. And for those who loved to troll. We could use their skills of disruptions for other purpose as well. And I'm sure there will be trolls replying to how difficult is it to set one up. Doing it alone would be "impossible" but do it as a group? So take the "Im" away and everything will be "possible".  smile.gif
*
Nice!!
i've recently pitch at Cradle Fund but got rejected due to our project is something they funded just not long ago! damn it!
but now tweaking the biz proposal and planning to pitch to more crowdfunding companies out there in Dec and 2017.
also coming up with 2 more new niche projects which i hope can jalan.
TSSplynncryth
post Nov 17 2016, 05:13 PM

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Joined: Jan 2003
From: Selangor


QUOTE(samftrmd @ Nov 17 2016, 03:08 PM)
Very good idea. What is the product though?
*
The beauty of it, is that It can empower anyone at any scale for any projects that they want to do.

Not many of us are fortunate. Thus, Let me give some perspective

1. A Burger Stall
- Cost of startup of RM10k
- Submission of proposal to Lowyat Association Club.
- Documentors prepare a simple write-up and have it pitched across the club.
- 100 investors decide to help by giving RM 100 per person.
- The entrepreneur gets the fund and proceed with his start-up.
- Give us 1-2 weeks progress picture which are all made transparent on the website.
- When go Live, Maybe on a bad day projections, he sells like 50 burgers.
- Documentors keep close eye on the progress. Tracking of Income (CoGS, Expenses, Amort, Etc..) and outline a net operating profit while the burger handlers salary not included.
- From Net, he gets to keep like 70% and the balance get's back to the Investor.
- 50 burgers at RM4 each is 200 bucks a day. 4000-500- bucks a month. With 50% of all expenses. He walks away with 1500-2000 net if lucky.
- Owner gets to keep 70% of it and we the investor get's 30% which may be RM600 or less a month. Split that with 100 investor. That's RM6 per month and that's breakeven in 16 months.
- I know it's small. But this is worst case scenario.
- If he sells like some places I know where they do like 200-300 burgers a day. Who knows? That's ROI in under 6-12 months then.
- And after ROI, it' free money every month. Little here and there. You get to be a part of a community that does many things.

Pro:
- We get to support the community and take pride of being part of a development or community.
- We get to pitch support, help with sales by buying his burger, recommend, and others.
- Various skills in Lowyat can help with the design, posters, etc... Keep the cost low.
- Administrator in the club, will track all facilities and assistance given and an allocation will be given upon profit.
- So we help first, and when they make profit, they give us something back.
- Imagine helping someone with a poster which takes 20 minutes of your time. If it works, you get like RM20 monthly as long as his business exist? Why not?
- These groups of expertise will be put into allocation by groups and contributions.

We can work the mechanics later. Procedural. Etc... But the idea is simple. Pitch in, Help, Contribute, We got nothing to lose. We can help them grow. We can help them promote. They make, we make. Everybody win.

Throw this idea on a fancy setup that needs larger capital? And the return might just be worth it.

Think about it.

This post has been edited by Splynncryth: Nov 17 2016, 05:15 PM
TSSplynncryth
post Nov 17 2016, 05:19 PM

On my way
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Joined: Jan 2003
From: Selangor


QUOTE(vng69 @ Nov 17 2016, 03:12 PM)
Nice!!
i've recently pitch at Cradle Fund but got rejected due to our project is something they funded just not long ago! damn it!
but now tweaking the biz proposal and planning to pitch to more crowdfunding companies out there in Dec and 2017.
also coming up with 2 more new niche projects which i hope can jalan.
*
I've gotten several grants before in Mils. I might be able to help you out and get some grants if the ideas are awesome. Nothing wrong in trying. It's government grants. No payment needed. There are many ways of how grants works, some requires collateral, ownership, progress handover, etc... but not this one.

If yes, lucky you. If no, there's still many other ways to get funding.

Drop me a PM. We could probably meet up and discuss.

This post has been edited by Splynncryth: Nov 17 2016, 05:42 PM
vng69
post Nov 17 2016, 05:43 PM

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QUOTE(Splynncryth @ Nov 17 2016, 05:19 PM)
I've gotten several grants before in Mils. I might be able to help you out and get some grants if the ideas is awesome. Nothing wrong in trying. It's government grants. No payment needed. There are many ways of how grants works, some requires collateral, ownership, progress handover, etc... but not this one.

If yes, lucky you. If no, there's still many other ways to get funding.

Drop me a PM. We could probably meet up and discuss.
*
hi, thanks for saying something which i did not expect u to say something like this.
on a serious note, to me, i'm an open person.
meeting up to discuss tok kok sing song even if its non biz related im also cool if somehow you think my idea is not awesome.
but im not alone as this is with my partner. let me talk to him and maybe we can chill for yumcha soon.
would love to hear what u did and share your experience with us.

thanks in advance.
will drop u a PM soon.
samftrmd
post Nov 17 2016, 08:38 PM

Interface 2037
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Senior Member
1,774 posts

Joined: Nov 2007
From: Planet Earth



QUOTE(Splynncryth @ Nov 17 2016, 05:13 PM)
The beauty of it, is that It can empower anyone at any scale for any projects that they want to do.

Not many of us are fortunate. Thus, Let me give some perspective

1. A Burger Stall
- Cost of startup of RM10k
- Submission of proposal to Lowyat Association Club.
- Documentors prepare a simple write-up and have it pitched across the club.
- 100 investors decide to help by giving RM 100 per person.
- The entrepreneur gets the fund and proceed with his start-up.
- Give us 1-2 weeks progress picture which are all made transparent on the website.
- When go Live, Maybe on a bad day projections, he sells like 50 burgers.
- Documentors keep close eye on the progress. Tracking of Income (CoGS, Expenses, Amort, Etc..) and outline a net operating profit while the burger handlers salary not included.
- From Net, he gets to keep like 70% and the balance get's back to the Investor.
- 50 burgers at RM4 each is 200 bucks a day. 4000-500- bucks a month. With 50% of all expenses. He walks away with 1500-2000 net if lucky.
- Owner gets to keep 70% of it and we the investor get's 30% which may be RM600 or less a month. Split that with 100 investor. That's RM6 per month and that's breakeven in 16 months.
- I know it's small. But this is worst case scenario.
- If he sells like some places I know where they do like 200-300 burgers a day. Who knows? That's ROI in under 6-12 months then.
- And after ROI, it' free money every month. Little here and there. You get to be a part of a community that does many things.

Pro:
- We get to support the community and take pride of being part of a development or community.
- We get to pitch support, help with sales by buying his burger, recommend, and others.
- Various skills in Lowyat can help with the design, posters, etc...  Keep the cost low.
- Administrator in the club, will track all facilities and assistance given and an allocation will be given upon profit.
- So we help first, and when they make profit, they give us something back.
- Imagine helping someone with a poster which takes 20 minutes of your time. If it works, you get like RM20 monthly as long as his business exist? Why not?
- These groups of expertise will be put into allocation by groups and contributions.

We can work the mechanics later. Procedural. Etc... But the idea is simple. Pitch in, Help, Contribute, We got nothing to lose. We can help them grow. We can help them promote. They make, we make. Everybody win.

Throw this idea on a fancy setup that needs larger capital? And the return might just be worth it.

Think about it.
*
Doing this is like being a competitor to bank loans no? Very interested and eager to find out more.
NightHeart
post Nov 17 2016, 11:15 PM

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Joined: Mar 2009
QUOTE(vng69 @ Nov 17 2016, 05:43 PM)
hi, thanks for saying something which i did not expect u to say something like this.
on a serious note, to me, i'm an open person.
meeting up to discuss tok kok sing song even if its non biz related im also cool if somehow you think my idea is not awesome.
but im not alone as this is with my partner. let me talk to him and maybe we can chill for yumcha soon.
would love to hear what u did and share your experience with us.

thanks in advance.
will drop u a PM soon.
*
Where my teh tarik & nasi lemak, hutang since 2014 whistling.gif
vng69
post Nov 18 2016, 09:59 AM

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Joined: May 2011
QUOTE(NightHeart @ Nov 17 2016, 11:15 PM)
Where my teh tarik & nasi lemak, hutang since 2014  whistling.gif
*
KNN!!!
say how many times ady!!
call out the guys for yc session la!!
vmad.gif mad.gif bruce.gif
SUSDSEcomp
post Nov 18 2016, 10:04 AM

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Joined: Sep 2011
From: give donasi ............................
my taman car sparepart malay boss told ,

now is 30-40 percent more worst in business,

after gst my computer parts couldnt sell , my parts all rm180-200 , easily naik rm1x - to 2x

cmart optical shop on 2nd floor in front of cashier supermarket,

bungkus already , that is where i buy rm 99 spec include lense ,

lol , some buyer need go to claim at elsewhere paper sign stick on its close gate

in b4 the branches newly setup branch in cmart told me we must hv big dream , ask me to join work for 1200 ,6days 12hours everyday , manager 4-5k , supervisor 2-3 k ...............

become boss partner got share...............nasib i nvr join the company ,

This post has been edited by DSEcomp: Nov 18 2016, 10:08 AM

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