| Hakim Hayat |
SOME 25 budding entrepreneurs attended a workshop to brush up their entrepreneurial skills yesterday, as part of iCentre’s ‘iAccelerate’ programme.
The workshop on ‘Project Management & Entrepreneurs’ was facilitated by Kit Tiong Soon, Director of Upper Spring Consulting Pte Ltd, Singapore and targeted potential start-ups in iCentre’s incubation programme.
According to a press release from iCentre, the participants had an open discussion on their business ideas, leveraging on the networking platform throughout the day.
One participant, Andy Lian from Tasche commented, “I thought making more money and expanding business is the only thing one should care about but actually, it’s just one aspect of the business. You also need to know how to plan ahead, covering the bases of the projection, expect changes and learn know how to deal with it. And you have to be realistic on your plans.”
The rest of the audience generally agreed with Andy Lian’s comment as some of them just embarked on the entrepreneur journey when they joined the programme.
“This is only the second workshop of the programme I’ve attended and I hope by the end of this programme, my business goals will be more focused and precise,” he added.
Kit shared with the audience on the basic constraints of a business; cost, time and scope. He emphasised that “you cannot move one and not affect the other element. You have a cheap product, roll it out fast without much of a plan and you’ll end up compromising the quality of it”.
The key is to balance these constraints as much as possible throughout the business.
He also shared the process of managing a project.
While planning and executing the project to some is a success, there’s still a continuation of monitoring and proper closing of a project. Other basic elements of project management like communication and monitoring were shared along with the top 10 reasons on why most projects fail.
A professional in the field of project managing, Kit is an entrepreneur who also focuses on business consultations and IT audit, where he has experience over the last decade.
Kit is a certified project management professional who also oversees enterprise architecture. He had managed large-scale projects on the international level from Asia-Pacific to Brazil, USA and Europe. Most of his projects are in the domain of ERP (Enterprise Resource Planning), business analysis and network and security implementations.
The workshop will have a continuation on Business Modelling next week led by Ambrose Nathan, Chief Financial Officer from International School Brunei.
A certified Chartered Accountant and a business consultant, Ambrose will be sharing the best practice of a company’s set up and administration, including basic financial record keeping and review.
The iAccelerate programme is designed to provide an interactive platform that will develop knowledge and skills required to become a successful and sustainable start-up. Topics ranging from ideation, market validation to finance and even pitching, are aimed to maximise the skill sets of an entrepreneur for the next stage of their business.