After 6 'brutal' months of contemplation, of going in to numerous Apple Stores, of holding the iPad2 and getting a feel of how it's like. I finally bought myself one. It was rather difficult since I already have sufficient access to computing power, both mobile & desktop. To add another device to the stable - I had to judge the prudence of this purchase. My other laughed at me, "it's a WANT, not a need!" And it's o so true.
What's the first major project I do with the iPad?
A digital sketch with Autodesk's awesome free app - the app should get a 5 star rating, if not more. I've grown weary of free apps on iOS, they either come loaded with mobile advertisements or irritating pop-ups for in-app purchase - both which disrupts your user experience. Not so for this app, "what's the deal Autodesk? Mindshare?"
After a few sleep-less nights of drawing with digital pencil and ink - here's what I got...
Using bio-waste to generate methane gas for the kitchen, only MNC muscle is capable of dreaming up such a concept for urbanites. But weren't people in rural communities like Tibet burning dried cow dung in their stoves? The smoky stoves aren't as elegant but this Philips Kitchen isle sure does. Hope to see it in the shops soon.
Reminds me of the Japanese scientist who found a way to exteact protein from human waste to mak artificial burger patties. Poop patts, anyone?
After a successful meeting with our consultancy client led by my mentor - I reflected. How would I approach it? These 3 keywords are a compass for my practice until the day they turn irrelevant. (Doubt they would ever be). Sharing this tripod of values with a good friend, I realized it made sense no matter how you pair the three words.
I like what my mentor shared, "clients may just experience a half day workshop, but the preparation time that goes into the planning is usually the same, if not double the amount of contact time.
This infographic from HBR gives a glimpse on how innovations can be quantified in dollars and cents. Cost savings or increased revenue from some types of innovation are hard-coded, e.g., reducing man-hours from improved work processes, material savings from less wastage. You can measure these in your business, particularly in hindsight, the causal relationship between idea and $ is rather clear.
However, certain causal effects of innovations are diffcult to prove and measure. What's the impact of stronger and better branding? If the business is a small business, where would it find resources to validate the link between increased revenue and stronger brand? In their eyes, it is probably the day-to-day business activities that adds to their revenue line rather than some ethereal concept. In the same note, it's no wonder why I've heard of brand consultants who find it difficult to convince some small businesses. And it is frustrating to face small businesses who view the view of brand development as graphic design (logo, website) or interior design.
A friend of mine has an example of how a small educational business embraced brand development and it is small no more.
A friend of mine elected to study the Bahasa Indonesian language as his second major in university quite long ago. The media rhectoric in those days did not advocate the country but I was convinced of his argument. He wanted to be a wealth management consultant for well-heeled Indonesians who visited the Singapore.
The Indonesian market is huge. In terms of population size, they are world number four. Web businesses make a lot of sense because you can generate revenue in a myriad of ways, micro-payments, embedded advertisments... Last year, I noticed a sizeable Indonesian contingent at the Singtel Accelerate Conference. Some of them made it into the Asia Top 50 Apps list.
Read on for the article from Young Upstart.
When we think about start-up nations, U.S, Europe, Japan and China quickly come to mind. But watch out for Indonesia as investors are keeping a close watch on the country.
There are several reasons why. Firstly, Indonesia is a huge market. It is the world’s fourth most populous country in the world housing 240 million people. Secondly, young Indonesians are extremely tech-savvy. Despite a low Internet penetration rate, Indonesia is the second largest and fourth largest nation in terms of number of Facebook and Twitter users respectively.
Thirdly, Indonesians are inspired by what has happened in the U.S. The nation seems be more acceptable to risk taking. This is just my opinion. Lastly, Indonesia is attractive because of its low cost and huge market potential.
This potential is highlighted with real cash, not just talks. East Ventures, a Singapore-based private equity firm has so far invested in six web start-ups in Indonesia, according to the Jakarta Globe. These start-ups include Tokopedia, an “eBay” for Indonesians, and Urbanesia, a lifestyle directory. After two years, Tokopedia now manages more than 7,400 online stores and generates about 700,000 visits per month. The total transaction per month on Tokopedia is about $2.5 billion Rupiah (US $277,500).
It isn’t just East Ventures which saw potential in Indonesia. A new investment company named Merah Putih Inc. is currently incubating six Indonesian start-ups by providing them with investment, mentorship and workspace.
StartupLokal, an organization that organizes monthly events and meetups for Indonesia entrepreneurs, also help to keep the Indonesia start-up community connected. Nuniek Tirta Ardianto, one of the founders of StartupLokal, said that there are about 500 web start-ups in Indonesia. Among these 500 web start-ups, there are several which have yet to be identified by investors. Freesia City, a social game on Facebook with more than 115,000 monthly active users on Facebook is one of them. The social gaming company is currently self-funded.
Risk taking is just one of the key ingredients to breed a start-up culture and Indonesia seems to be getting there.
As Kaiser Kuo previously said, “A Silicon Valley requires many things. It’s not just great schools and research institutes, not just sources of capital, but also things like law firms and accounting firms. There’s also an important cultural component to it, of course: when so many of your peers–your schoolmates, people in your age cohort or what not–have gone out and founded successful companies, or at least had a hell of a ride trying, it’s just more likely that you’ll feel better about taking on that kind of risk.”
Another key factor in Indonesia’s favor is its huge market. Unlike Singapore, Taiwan and Malaysia, Indonesian entrepreneurs have a huge market to scale their products locally before moving on to other markets. It is the same in the U.S as start-ups like Facebook and Google first grew popular in the local market before moving to conquer the world. Indonesia is still far from the U.S but it certainly has the market and culture to grow into a strong tech start-up nation.
This article was first posted on Penn-Olson, a tech, marketing and marketing blog focusing on US and Asia. Penn-Olson is a Young Upstarts content partner.
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