#entrepmind

[loriejanebantaculo-entrepmind]

"𝑬𝒄𝒐𝒃𝒓𝒐'𝒔 𝑳𝒂𝒔𝒕 𝑺𝒕𝒂𝒏𝒅: 𝑻𝒉𝒆 𝑼𝒍𝒕𝒊𝒎𝒂𝒕𝒆 𝑷𝒊𝒕𝒄𝒉 𝒇𝒐𝒓 𝒐𝒖𝒓 𝑹𝒆𝒗𝒆𝒓𝒔𝒆 𝑽𝒆𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒄𝒉𝒊𝒏𝒆 "

ECOBRO_LORIE JANE A. BANTACULO

Our journey with Ecobro towards the final pitching was far from easy. It was filled with sacrifices and misunderstandings within the group. However, we managed to ensure the success of our final pitching presentation. Looking back at our midterm pitching, our performance was not up to par, with many shortcomings and lack of preparation. This realization prompted us to give our all and fill in the gaps during our last pitching.

We collaborated closely to create our prototype and address the questions raised by the panelists in our midterm pitching. We tackled crucial aspects such as proving the money-generating potential of our machine and assessing its feasibility. Despite initial conflicts and differing ideas within the group, we communicated effectively, aligned our goals, and worked together to defend our venture.

Through thorough preparation and increased confidence, we stood ready to defend our project. Despite the challenges, we managed to overcome conflicts, find common ground, and present a united front in showcasing our innovative idea. Our teamwork, dedication, and shared vision propelled us towards a successful final pitch presentation for the Ecobro reverse vending machine venture."

𝔈𝔫𝔱𝔯𝔢𝔭𝔯𝔢𝔫𝔢𝔲𝔯𝔦𝔞𝔩 𝔐𝔦𝔫𝔡 𝔏𝔢𝔠𝔱𝔲𝔯𝔢 𝔖𝔢𝔯𝔦𝔢𝔰

The Entrepreneurial Mind lecture series gave an in-depth discussion about the importance of intellectual property rights, start up ecosystem and its difference between a traditional business. I learned that a traditional business is a business that has already an established market and has proven to be scalable while a start up is a project, may be scalable, and offers a not so obvious solution. The speakers also emphasized the need to protect intellectual properties by having patents to gain exclusive rights over ideas and products.

The Entrepreneurial Mind lecture series delved into the significance of intellectual property rights, the startup ecosystem, and the distinctions between a traditional business and a startup. One key takeaway was the differentiation between a traditional business, which operates in an established market and has demonstrated scalability, and a startup, which is a project with potential scalability and offers innovative solutions that may not be immediately apparent.

The speakers underscored the importance of safeguarding intellectual properties through patents to secure exclusive rights over ideas and products. This protection ensures that the innovative concepts and products developed by startups are shielded from unauthorized use or replication, fostering a competitive edge in the market.

Moreover, the discussion shed light on the startup ecosystem, emphasizing the dynamic and evolving nature of startups compared to traditional businesses. Startups are characterized by their agility, adaptability, and focus on disruptive solutions to address emerging challenges and market gaps. This contrasts with traditional businesses that operate within established frameworks and market structures.

By recognizing the value of intellectual property rights, understanding the nuances between traditional businesses and startups, and navigating the complexities of the startup ecosystem, aspiring entrepreneurs can position themselves strategically to drive innovation, growth, and success in the competitive business landscape.

𝔈𝔫𝔱𝔯𝔢𝔭𝔯𝔢𝔫𝔢𝔲𝔯𝔦𝔞𝔩 𝔐𝔦𝔫𝔡 𝔍𝔬𝔲𝔯𝔫𝔢𝔶

"Throughout this semester, the Entrepreneurial Mind journey has been a rollercoaster of ups and downs. Our group, Ecobro, faced numerous challenges from deciding on our venture to the tragic loss of one of our member and a friend of mine due to a vehicular accident, to defending every pitching session. Despite the struggles, we gained invaluable learnings and unforgettable experiences. The sacrifices and stress we endured to excel in this subject while balancing hectic schedules were truly worth it. It exemplifies the quote 'No pain, no gain.' Overall, it was a success – Ecobro performed exceptionally well!"

[aienmiebelerag09]

EcoScentique, The Journey to Success!

Blog by: Aien Mie B. Garcia

During the past week, the team focused on assigning roles and remained committed to realizing this product. It's imperative that we bring this product to fruition, thus action must be taken promptly. My target market is the students here in Central Mindanao University and as conduct my interview, it shows that they can or will avail the soap-scented candles or air fresheners because it can help freshen the air specially in their rooms.

Initially, the team debated between two options: creating soap-scented candles or producing air fresheners. However, unable to reach a consensus, they sought insights through interviews and surveys to determine the more popular choice in the market. Presently, Option 1, crafting soap-scented candles, has emerged as the preferred product, prompting the team to commence its production.

Over the preceding two weeks, the team has come to appreciate the importance of defined roles and effective communication. It's vital that we execute our assigned tasks diligently and openly communicate any shortcomings or areas necessitating improvement. Given the diverse composition of the team, it's essential to respect each member's contributions and foster constructive dialogue.

[loriejanebantaculo-entrepmind]

"Navigating the Seas of Venture Proposal and Customer Validation"

By: ECOBRO_LORIE JANE BANTACULO

"A Venture Forged in Adversity: Our Journey with Ecobro"

It was during our venture proposal where we faced an unexpected whirlwind of challenges. Juggling with multiple subjects, we found ourselves in a time crunch, with little room for thorough preparation. However, the strength of our team shone through as each member stepped up, pooling our collective efforts to bring our idea to life.

Just when we thought we had our hands full, tragedy struck. We lost a dear team member, Caryl, just two days before our proposal. The news was devastating, but we knew we had to move forward. We had to honor Caryl's memory and the hard work she had put into this project. With heavy hearts, we divided the tasks, each taking on the responsibility of creating the PowerPoint presentation and deciding which part to pitch. For me, public speaking was never my strong suit, but I knew I had to step out of my comfort zone for the sake of our team and our venture.

We were the third team to present, and the pressure was palpable. The first two teams had set the bar high, but we were determined to rise to the occasion. Our venture, the Ecobro Reverse Vending Machine, was our brainchild, and we were ready to defend it. Our professor was hesitant, questioning our ability to create a prototype. But we had done our research and were prepared to prove we can possibly make the job done . We presented our plan for the prototype, standing our ground, and defending our venture.

As we concluded our presentation, we couldn't help but smile, knowing that we had successfully defended our proposal. We knew there were areas for improvement, particularly in our pitching skills, but we were proud of what we had achieved under such circumstances. Most importantly, we knew Caryl would have been proud of us. Our journey with Ecobro was not easy, but it was a testament to our resilience, teamwork, and dedication. We faced adversity, but we came out stronger, ready to take on the next challenge. And no matter where our venture takes us, we know we have an angel in heaven, cheering us on.

"Customer Validation: Insights from Central Mindanao University Students on Ecobro"

After successfully defending our proposal for the Ecobro Reverse Vending Machine, our team was eager to gather feedback and validate our product with potential users. We conducted interviews with 20 students from different courses at Central Mindanao University, aiming to understand their perspectives and gauge their interest in utilizing our innovative solution.

To ensure a diverse sample, we randomly selected students from various courses, representing a range of backgrounds and interests. During the interviews, we introduced the concept of the Ecobro Reverse Vending Machine and asked the students if they would use it or what their thoughts were on the machine.

The responses we received were varied, with some students expressing enthusiasm and support for the idea. They acknowledged the environmental benefits of using the machine, as it would help reduce waste and contribute to a cleaner campus. Additionally, they highlighted the financial incentive, recognizing that they could earn money by depositing bottles into the vending machine.

However, not all students were convinced. Some expressed concerns about the financial aspect of the machine, stating that implementing it would require a significant investment. They questioned the feasibility of earning a profit from bottle deposits and raised doubts about the potential costs involved.

Another group of students had reservations regarding the machine's effectiveness in addressing the broader issue of waste disposal. They pointed out that while the machine may benefit individual students, it may not necessarily solve the overarching problem of waste management. They questioned where the waste would go and how it would be properly disposed of.

Despite these differing opinions, the majority of students expressed their willingness to use the Ecobro Reverse Vending Machine. They recognized its potential benefits for both the environment and themselves. However, it's important to note that some students still had reservations or confusion about certain aspects of the machine.

The insights gathered from these interviews provided valuable feedback for our team. We gained a deeper understanding of the potential challenges and concerns that may arise during the implementation of the Ecobro Reverse Vending Machine. This feedback will help us refine our approach and address any issues or misconceptions that may arise among potential users.

Overall, the customer validation process was an essential step in our venture's development. It allowed us to engage with our target audience, understand their perspectives, and gather valuable insights that will guide us in further improving our product. With this feedback in mind, we are more determined than ever to create a sustainable and user-friendly solution that addresses both environmental concerns and the needs of our users.

Stay tuned for more updates on our journey with Ecobro as we continue to refine our product and work towards making a positive impact on the environment and the community!

[abrilmayooo]

Last week, we just finished our introduction to Entrepreneurial Mind class! And there are so many things I've learned, I've learned that an entrepreneur isn't just about making money. It's about having the right attitude, being flexible, creative, and willing to learn from mistakes. Building relationships, managing risks, and staying adaptable are crucial. And most importantly, having passion and a clear purpose is what keeps us going. This things I've encountered in our discussion are very helpful in venturing more opportunities and it really had a big help in our team. I'm excited to apply these lessons and see where this journey takes me! :)

[rexel-entrepreneurial-journey]

"Don’t find customers for your products, find products for your customers"

By: TEAMBAJADOR-REXEL CARUZ

So while were executing our interviews, we discovered significant challenges that we all could relate on these problems. We started off by identifying our focus, which we decided are students of CMU. On performing our interviews, we faced a lot of obstacle along the way, mainly because we're pretty much occupied all the time. So to overcome the challenges we have faced, we made ourselves more versatile by being doing what we could do and do more than what we could. So I interviewed what is available to me which are my board-mates composed of 7 people while the rest were interviewed by my groupmates inside the campus or/and in their boarding houses. We asked them if we could interview them and after that we asked "what is the problems you had faced while schooling inside CMU campus?". We did this because we wanted to understand their opinions and gather insights to create product or service in response on it.

These are the top 3 problem topics we gathered; (1) No Breakfast Almost Everyday, students emphasized that they tend to go class without food in the stomach, which is health concerning if does frequently. Another increasing issue is (2) Trash/Garbage Problems, students highlighted the lack of segregation practices and garbage bins around the campus. Many students are frustrated with (3) The Lack Of Comfort Rooms, it was concern by the many that when there's an event during late night hours, its very hard to occupy a comfort room. There are also raised concern worth to mention; Lack of change in the canteen, Weak data and WIFI signal, Long distance travels between buildings, Lack of drinking water, and No nearby printing services.

After analyzing and tallying the data we gathered, we found out that the issue of no breakfast most of the time garnered enormous amount of concerns. So we decided to choose this problem to be solved and we brainstormed what we could do to eliminate or lessen this problem. By considering a lot of factors and the available resources. We came up of several ideas; making an app where they could order, free delivery foods, virtual food stalls and Etc. And we decided why not do it all?, so the plan to lessen this issue is to make an app where they could order available foods and deliver it door to door or setting up a meeting place. We aim not only to profit but also to help one another to have a win/win situation.

So far on the interview we have done, I was enlightened by the opinions and concerns of our interviewees which I didn't thought is a problem or what I'm trying to point out is I didn't know there were these problems. I also learned that we should hear out the opinions of others. Lastly I believe our plan would work out and if ever we don't succeed then we'll try and try until we succeed.

[loriejanebantaculo-entrepmind]

"Embarking on the Venture: Turning Everyday Obstacles into Exceptional Solutions"

By: GREENBRO_LORIE JANE BANTACULO

During our interviews with students, and some of the vendors and staff at our University, we discovered several significant challenges that impact their daily lives and academic experience. These challenges have a direct influence on their overall well-being and ability to thrive in their educational pursuits. We started our journey by reaching out to various students and staff members at our university. We wanted to understand their perspectives and gather insights about the problems they have observed within the university. Our goal was to create a comprehensive picture of the challenges faced by the university community.

One of the most prevalent concerns among the students is the 𝑇𝑟𝑎𝑠ℎ-𝑟𝑒𝑙𝑎𝑡𝑒𝑑 𝑝𝑟𝑜𝑏𝑙𝑒𝑚 . Students, vendors and staff highlighted the lack of trash bins and proper waste segregation practices in public spaces on campus. Another pressing issue that emerged from our discussions is the 𝑙𝑎𝑐𝑘 𝑜𝑓 𝑠𝑡𝑟𝑒𝑒𝑡𝑙𝑖𝑔ℎ𝑡𝑠 𝑖𝑛 𝑐𝑒𝑟𝑡𝑎𝑖𝑛 𝑎𝑟𝑒𝑎𝑠 𝑜𝑓 𝑡ℎ𝑒 𝑐𝑎𝑚𝑝𝑢𝑠. This creates safety concerns, especially during nighttime when students have to walk to their dormitories or attend evening classes. Financial constraints were also a recurring theme during the interviews. Many students expressed frustration with the 𝑒𝑥𝑝𝑒𝑛𝑠𝑖𝑣𝑒 𝑔𝑎𝑡𝑒 𝑝𝑎𝑠𝑠 𝑠𝑡𝑖𝑐𝑘𝑒𝑟𝑠 required for access to certain areas on campus. The high cost of these stickers places a significant financial burden on students, particularly those who are already on a tight budget. 𝑇ℎ𝑒 𝑙𝑖𝑚𝑖𝑡𝑒𝑑 𝑟𝑒𝑠𝑜𝑢𝑟𝑐𝑒𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑙𝑖𝑏𝑟𝑎𝑟𝑦 were a common concern among the students. They expressed disappointment with the lack of diverse reading materials and restricted access to necessary research materials. 𝑇𝑟𝑎𝑛𝑠𝑝𝑜𝑟𝑡𝑎𝑡𝑖𝑜𝑛 𝑖𝑠𝑠𝑢𝑒𝑠 were also raised during the interviews. Some students mentioned the inconvenience of long waiting times for public transportation or the lack of efficient transportation options in certain areas around the university. This can lead to difficulties in commuting to and from the campus, affecting their punctuality and overall attendance. 𝐼𝑛𝑠𝑢𝑓𝑓𝑖𝑐𝑖𝑒𝑛𝑡 𝑤𝑎𝑖𝑡𝑖𝑛𝑔 𝑠ℎ𝑒𝑑𝑠 emerged as a problem, particularly during extreme weather conditions. Students expressed the need for adequate shelter while waiting for transportation or during heavy rain. There are few that mentioned the 𝑤𝑒𝑎𝑘 𝑚𝑜𝑏𝑖𝑙𝑒 𝑑𝑎𝑡𝑎 𝑎𝑛𝑑 𝑊𝐼𝐹𝐼 𝑠𝑖𝑔𝑛𝑎𝑙 in certain areas of the university campus. This poses a significant obstacle for students who heavily rely on internet connectivity for research, online learning, and communication. They also highlighted the inconvenience of having to travel long distances to access printing facilities, which can be time-consuming and costly. 𝐷𝑖𝑠𝑡𝑎𝑛𝑐𝑒 𝑡𝑜 𝑤𝑎𝑡𝑒𝑟 𝑠𝑜𝑢𝑟𝑐𝑒𝑠, 𝑙𝑖𝑚𝑖𝑡𝑒𝑑 𝑠𝑛𝑎𝑐𝑘 𝑜𝑝𝑡𝑖𝑜𝑛𝑠, 𝑝𝑟𝑒𝑠𝑒𝑛𝑐𝑒 𝑜𝑓 𝑜𝑢𝑡𝑠𝑖𝑑𝑒𝑟𝑠, 𝑙𝑖𝑚𝑖𝑡𝑒𝑑 𝑝𝑟𝑖𝑛𝑡𝑖𝑛𝑔 𝑠𝑒𝑟𝑣𝑖𝑐𝑒𝑠, 𝑐𝑙𝑎𝑠𝑠𝑟𝑜𝑜𝑚𝑠 𝑤𝑖𝑡ℎ 𝑝𝑜𝑜𝑟 𝑣𝑒𝑛𝑡𝑖𝑙𝑎𝑡𝑖𝑜𝑛, 𝑎𝑛𝑑 𝑢𝑛𝑝𝑟𝑒𝑑𝑖𝑐𝑡𝑎𝑏𝑙𝑒 𝑤𝑒𝑎𝑡ℎ𝑒𝑟 were identified as key areas of concern by few students.

After gathering the data we collected, we discovered that the issue of garbage has garnered the most attention and concern. In response, our team engaged in an intensive brainstorming session to devise innovative and unprecedented solutions that incorporate cutting-edge technology. Our aim was to develop a new venture or proposal that not only addresses the problem at hand but also presents a lucrative opportunity for financial gain.

Options such as waste management apps, reverse vending machines, Eco drone, plastic furniture, eco blocks, and customized portable trash bins were available. We have already seen one aspect of these solutions' differences which is its startup costs and assessed feasibility for implementation. Since we are in a digitized era, a waste management app seems to be a feasible solution but due to the seemingly high start-up costs it requires, we have no choice but to eliminate it as our option.

Our venture proposal serves as a model of how a reverse vending machine might be introduced and used in the university. It was imaginatively put out using the team members' combined thoughts and viewpoints, and it was hypothesized to be the ideal answer to the issue of waste and garbage disposal, especially recyclables. As an overview, a reverse vending machine (RVM) is a machine that allows a person to insert a used or empty glass bottle, plastic bottle, or aluminum can in exchange for a reward. After inserting the recyclable item, it is then compacted, sorted, and analyzed according to the number of ounces, materials, and brand using the universal product code on the bottle or can. Once the item has been scanned and approved, it is then crushed and sorted into the proper storage space for the classified material. Upon processing the item, the machine rewards people with incentives, such as cash or coupons.

As far as what our interview has come up with, I now know that before beginning a business, it is important to look at alternatives that could provide the same or even greater benefits for the service or good we are providing while aiming to spend less money. We should explore widely and see what’s there that we failed to consider. The viability and profitability of these alternatives will next be evaluated.

[yodumbo04-karlo]

The Mind of an Enterprenuer

In the world of business and invention, the entrepreneurial mind combines ingenuity, fearlessness, vision, adaptability, and perseverance, allowing individuals to recognise opportunities, solve problems, and pursue their goals.

Last Process:

we did the prototype of the introduced product for the panels or investors can see the stemsulator (the insulator we made using Banana stem). we recorded our promotional video for our product.

[yodumbo04-karlo]

The Entreprenurial Mind

The entrepreneurial mind combines ingenuity, bravery, vision, adaptability, and perseverance, allowing individuals to recognize opportunities, solve issues, and pursue their goals in the world of business and innovation.

Presentation of the Product:

We presented our product to our to panel also given us advice ho to deal with specific situations. We did a final interview about our product is the consumers would be interested.

The process of our Final presentation

Making the prototype: by making the prototyp, we could phuysically see product also we can do also testi g enable to improve the product

Planning for Video: we have given our members specific task in order to us make it.