One of the modules of R2J4 is to raise fund. Currently, we are in the fund-raising phase. We had to brainstorm and think how we can raise money. Our group targeted to raise RM25K. I personally think that this amount is too much to be raised in less than 3 weeks, but let us just wait and see. My role in fund raising... Hmm... HR manager? Dadih factory worker? Economic Analyst? Phone operator? Hehe.
Anyway, I'm writing to share what I've learned from the early phase of fund-raising:
1. Doing business is not easy. It needs critical thinking, strategy and systematic management.
2. In business, opportunities should not be taken for granted. Every single opportunity should be taken.
3. We should be bold enough to take risk.
4. When starting business, we should not expect to gain profit all the time. Sometimes, we have to face loss.
5. Things are not always as we think. Sometimes we predict profit, but we suffer loss. Sometimes we predict loss, but we gain profit. You get what I mean.
6. We should try to explore new things, and see what happens next. Only then we know how far the business are able to go.
7. Every businessman should practice the Seventh Habit, to sharpen the saw. After some period of time, a SWOT analysis should be conducted. Strength and opportunities should be maximised, weaknesses should be turned into strength. Strategies should be rearranged.
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