Startups in Vietnam
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Transcript of Startups in Vietnam
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START-UPS
Barcamp Saigon1
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AGENDA
l Direction when building and runningl Shortage and Oversupplyl Should-avoid path
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Direction
l Vision and missionl Market opportunitiesl Understanding the marketl Red ocean or Blue ocean
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MAJOR CRITERIA
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A product, service vs. A business:
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Management: Talented individual >< Teamwork
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Target market: RED OCEAN
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Target market: BLUE OCEAN
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Market segmentIs she or he my customer?
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Operation and financial management
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Market always changes
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LACKS AND REDUNDANCIES
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LACK OF MISSION STATEMENT
l This statement sets the tone not only for your business plan, but also for your company and acts as a guiding principle for company actions.
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LACK OF MARKET OPPORTUNITIES
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NOT UNDERSTANDING THE MARKET
!!!
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LACK OF A TEAM WITH COMPLEMENTARY COMPETENCES
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LACK OF ABILITY TO EXECUTE
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REDUNDANCIES
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REDUNDANCY IN ENERGY
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NEW CHANCES TO TAKE
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REDUNDANCY IN IDEAS
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BUT GIVEN THE REDUNDANCIES
REDUNDANCIES BECOME LACKS
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PLANNED CostPLANNED Competitors
REAL RevenueREAL Market
IDEAS VERSUS EXECUTION
l Bad ideas: FREE OF CHARGEl Good ideas: 3$ A DOZEN
PLANNED RevenuePLANNED Market size
Real CostReal Competitors
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DANGEROUS THOUGHTSl An excellent individual can replace A good team.l A big part in a small pie more valuable than a small part
of a big pie.l They make it a success so can I.l If none has been successful than the chance is mine.l I am only a small amount of money away from success.l Keep company information secret, even with your
investor.l Don’t listen to your clients/customers
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THANK YOU AND WISH YOU SUCCESSES