Tonight, Dr Charles Lee invited 2 guest speakers to share their life experience.
Mr. Piau Voon Wang (pic. from left) opened Adams Street Partners' Singapore office in 2006. He actively participates in all fund investment decisions at Adams Street.
What I learned from him is, Interpersonal and ppl-ppl networking is important to extract high level info. Judging ppl is a very important skill to see whether his/her character is good to make good investment for u.
Risk taking is necessary in life especially when there is nothing to lose. It might turn out to be successful in life.
Another guest speaker, Mr. Richard Chen founded Vincera Capital in 1997 and served as President in 1997 and later as Chairman & CEO since 2002.
What I learned from him is, his decision on business investment sometime based on his feelings. I bet his feelings must be damm accurate.
But the actual lesson for tonight is all business plan. Why we need a business plan?
1. Reach agreement among team members.
2. Requires to attract investors.
What must be include in the business plan?
1. Executive Summary
2. Background
3. Marketing plan
4. Development plan
5. Operations plan
6. Management
7. Financial plan
8. Risk factors
9. Appendices
Summary:
A Great Idea + A Great Team + A Great Plan = Great Business.
