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Moving Forward with Failure
The Young Entrepreneur Society (YES) kicked off the Global Entrepreneurship Week (GEW) this year with an event that celebrates failures of entrepreneurs. Failing Forward Conference was launched last October 11, 2013 and attended by almost 500 entrepreneurs and aspiring startup founders despite the rains and typhoon warnings.
Mr. Boris Joaquin, the President and Chief Equipping Officer of Breakthrough Leadership Management Consultancy, hosted the event and also shared his own failure experience. He advised audience that no one is a failure and one must move on fearlessly, manage mistakes, and follow the importance of the Golden Rule: What, How and Why, how to value relationships, and that mistakes should be kept close by just to be a good reminder.
Bestselling author Mr. Jayson Lo was the second speaker. He talked about how he hit his first million in his early 20’s, how he lost it, and how he got up from losing it in just 2 years. He inspired the audience with his words. He shared to audience that everyone is unique, that it’s okay to be afraid and to fail because virtually all great failures are character failures.
Top entrepreneur blogger and founder of the widely followed Our Awesome Planet blog site, Mr. Anton Diaz talked about the cost and benefits of travel blogging and the failures encountered by his company Mercato. He shared the lessons he learned through time from that cash flow is life blood, failure is the best market research and scale and repeatability is critical in business success. For him, distribution is the key for a cool product to succeed.
“We are in the business of making people’s tummy happy,” he said.
Founder and CEO of the Philippine’s top French Fries franchise, Potato Corner, Mr. Jose Magsaysay said that he learned that concept is not the most important thing; it is looking for a partner who can help the business succeed. Mr. Rommel Juan, CEO and founder of top Filipino food franchise said that a good decision done quickly is better than a great decision done slowly.
The emerging rockstar of Philippine startups, Mr. RJ David, founder of Sulit.com which was bought by one of the world’s largest multinational media company, Naspers shared his humble beginnings and how he managed and overcame the issues, failures and mistakes the company experienced.
Mr. Jojy Azurin, regional director for continental asia for Freelancer.com, the world’s largest freelancing, outsourcing, and crowdsourcing marketplace for small business shared some encouragement on overcoming failure and hosted a mini forum with local startups to discuss mistakes that startups should avoid.
Top motivational speaker, best-selling author and TV personality, Mr. Chinkee Tan closed the conference with powerful words of encouragement. He shared that lack of opportunities is because of lack of ideas and that people to keep on learning and ask the right question to succeed in business.
The Failing Forward Conference was organized by Young Entrepreneurs Society (YES) as kickoff event of the Global Entrepreneurship Week (GEW) Philippines. The conference was sponsored by IdeaSpace and MERALCO.
Activity: Failing Forward Conference
The Philippines Joins the GEW Startup Open
Global Entrepreneurship Week (GEW) Philippines has submitted four entries to represent Philippines to the GEW Startup Open. Gen8.ph, Tudlo.me, Cyburban.org and PageSnapp will try to get spots in the Global top 50 startups.
A startup company founded by young ladies, Gen8.ph develops and builds technologies to improve the lives of people with disabilities. Janiena Roxanne D.C. Dirain, Kristine Emy O. Matabang and Girly G. Perando project is entitled “Wearable Obstacle Detection System and Braille Cell Phone for the Blind”. The team aims to help the blind through high impact researches and innovative designs. Gen8 was incorporated on June 20, 2013.
Kristoffer Vincent M. Loremia, Raffy Englis, Eman Daryl Ycot and Lester Cabalona founded Tudlo with the idea of solving an issue of every individual that has to deal with hazards, accidents, emergencies, disasters, catastrophes and other unexpected events in human life. The company provides a state-of-the-art web and mobile application designed to be usable on the best smart phones, tablets and PCs commercialized so far. Tudlo Disaster and Emergency App aim to help individuals to be ready at any moment and give guidance all the way when disaster occurs.
Cyburban is a location-based casual adventure game. It was founded by a game master and a game builder, and was incorporated on September 3, 2013. Aristotle Bancale and Andrew Alegre’s mission is to help people remember how it feels to be a kid again. It is a Content Management System (CMS) for event marketers and tour guides. Cyburban is a DIY “Amazing Race” for mobile gadgets wherein users can add puzzles, riddles, location-based trivia, QR code scanning, GPS check-ins, and Internet-based challenges to events without additional personnel.
PageSnapp is a service that transforms a Facebook Page into a mobile commerce application instantly. It was incorporated in the Philippines last July 12, 2013. For the team behind the PageSnapp, social commerce is the next big thing, and mobile is the future. Marvin Consuegra, Rolly Rulete, Raymund Delfin and Jay Albano aim to help mobilize businesses through offering an affordable solution for small businesses to go mobile commerce.
Startup Open, a featured event of GEW, is a global competition to identify and recognize startup companies founded between GEW 2013 and GEW 2013. It is open to any entrepreneurs who have just startup, or are about to start, a new venture and have a startup moment between November 18, 2012, and November 24, 2013. http://startupopen.com/about-2/
