Writing a Business Plan

I have been sharing what I know about writing a business plan in LiveWIRE’s Business Plan Series.
Below are the slides I use.

Some people are comfortable in just reading, some people are comfortable with other people guiding them, if you are the latter, come join the Business Plan Series. The following is a link to the fb invite of the next session.

LiveWIRE Brunei Business Awards 2010/2011 Briefing

A Briefing on the Rules and Regulations of the LiveWIRE Brunei Business Awards Competition.
* The Categories
* The Prizes
* The General Rules and Guidelines
* a Brief summary of writing a business plan

The following is the link to the FB invite

Blood Donation at LiveWIRE

LiveWIRE Held a Blood Donation Drive last Tuesday on the 14th of December 2010. There were a few people who donated blood, there were some who donated their blood for the first time. Most of the Donor came from nearby commercial units such as elite computers, infomars, KOPRI, Axtivo and don’t forget LiveWIRE staff themselves. I’d like to take the time to explain the steps for those who have never donated blood before.

  1. Registration. You may be filling more than one form, one is for the organizer keeping attendance.
    Filling Registration FormAnd the other is the blood donation form from the hospital. The form from the hospital will be asking a lot of questions about your health. This form has since been updated to a 4 page booklet. previously it was just one sheet. Among the important questions are: are you sick, taking medication, menstruating or pregnant (for women you can’t donate during this time), or have currently having any symptoms of being sick.
  2. Health Check. The health officer will look over your form and ask you questions on any suspecting issues. You have to be qualified to donate blood. You can think this as a free medical checkup 🙂 among the tests are:
    Weight (you have to be at least 50 kg to donate),
    Blood Haemoglobin level (you have to have enough blood),
    Blood Pressure (you need to have adequate pressure, or else you might faint).
  3. If you pass, you are handed the bag for the blood. You may also get goody bags or at least directed to the refreshments. Sometimes both 🙂
  4. Blood Donation Time! You will be seated in a Relax chair, the health officer will ask you to hold a piece of wood while he ties your upper arm up. they will then inject you with something to dull the pain as well as something (I guess) to stop blood clotting. This part is actually the only and most painful part.
    The health officer will then start to put a big needle (it seems big, maybe its the fear :p but you won’t feel a thing! ) into your arm and your blood will now flow into the bag. You may grip the wooden piece to stimulate the blood flow. (I’m not sure about this one, but it seems to work)
  5. After you have finish, that one bag will be filled up, but it may overflow into a secondary bag, but no fears, if you made it to this step, then you have nothing to worry about. The health officer will take out the big needle and bandage your arm. You may also help yourself to the refreshments again.

I would recommend eating mushrooms and beef in the following days to build up your iron. Personally, this is one of the perks of donating, you can use it as an excuse to eat more! :p (but I have to watch what I’m eating now, I’m not as young as I use to be 😦  )

Finally, I’d like to invite everyone to take the time to donate blood. Not only is it beneficial for the recipient, but it can also be beneficial for the Donor. Research has shown that it may reduce risks of Iron overload, Heart Disease Risk, and Cancer Risks. The blood donated by one person can benefit upto 3 people. The fear that stops you from donating is only temporary, but the benefits last longer. Blood Donations can also be held at any other time at the hospitals blood donation centre.

STEP Centre’s BEST Awards 2009/2010

On the 1st of December 2010, The Science, Technology and Environment Partnership (STEP) Centre between BSP and MOE held the Prize Presentation for the Brunei Environment, Science and Technology (BEST) Awards for 2009/2010 at Bridex.

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The projects are actually Research and Development in nature, but most of the project have some commercial value. The Secondary Schools and Tertiary Schools (Form 6 and Vocational/Technical). The schools consists of St. George, Chung Hwa, Chung Hua, Chung Ching, Sekolah Menengah Masin, STPRI, Sufri Bolkiah, SMSO, MD, MS and MTSSR. I found that in most cases, that these students were doing projects that were well beyond their syllabus. In a few there were students doing University Level projects. I would know, I took Chemistry in UBD. Of course these students had helped from MIPR, Agricultural Centre, MOH, BSP and UBD. But I was still impressed.

The judges consisted of officers and staff from  MIPR Agriculture Department, BSP, LiveWIRE and MOE.

The projects consisted of Research in Agriculture, uses of Natural Pesticides, Natural Fertilizer, Natural Fungicides, Solar Powered Fish Feeder, Coconut Battery, Hydro Electricity, Natural Medicinal Products, Fuelless Lawn Mower, and a more efficient farming techniques.

Hope to see some of them participating in future CIPTA Awards, Think Big Biz Plan Awards, or even the LiveWIRE Business Awards.

LiveWIRE Business Awards 2010-2011

The LiveWIRE Business Awards was launched last Tuesday, on 9th November 2010. I have personally joined this competition a few times since 2003. It had allowed myself to realize my entrepreneurial desires, which started me in creating business plans and learning about how most business operate.

The categories for this competition are:

Category A – Business Plan (Just the Plan, not necessary you have or want to start a business, but its a good start)

  • A1 – Upper secondary and Form 6
  • A2 Post Secondary and Higher Institutions
  • A3 – LiveWIRE participants and open category

Category B – Enterprise (existing businesses)

  • B1 – LiveWIRE Business Network Awards (Biz that has started at least for 6 months)
  • B2 – LiveWIRE SME Awards (over 3 years in business)

The categories have been condensed from the previous years, that means that there is more competition for  a single category, on the other hand the prize money has been increased.

The Business Awards is probably the most well known of activities that is held by LiveWIRE Brunei. Other Activities are:

  • Bright Ideas (BI) – A 2 day Introductory Course in Entrepreneurship and the Right Mindset
  • Be A Successful Owner and Manager (BSOM) – a 4 day course which showcases Local Entrepreneurs to share their experience and knowledge.
  • Business Plan Series – A workshop to help participants in creating a business plan
  • Leadership Camp – A 3 day Camp that focuses on self-development, transformation and Leadership.

Links to Local News:

Playing Games to Educate ourselves financially

Last Saturday on 8th May 2010, Some LiveWIRE participants/members played an expensive board game called Cashflow 101 created by Robert T Kiyosaki, the guy who wrote Rich Dad Poor Dad, Cashflow Quadrant and other Rich Dad Series books.

The game is similar to Monopoly. Monopoly teaches the players about real estate, the value of land and the buildings on it. Cashflow expands the idea on how rich people become rich through Business, Real Estate and Stocks.

The game starts with the player choosing  their color, then uses a small rat statue of that color, and places a cheese of the color onto their dream on the outer track or fast track. Then the player chooses a job card ranging from a janitor, teacher to a lawyer or a pilot. The cards contain a simple financial statement of assets, liabilities,income and expenses. the person then copies them down to a form provided. The player will get the amount of cashflow (=income – expenses) everytime they pass the “paycheck” square. other squares on the board affects the player’s financial statements. e.g. Continue reading