Quote:
Originally Posted by bizdev
BTW, I do applaud the fact that somebody thought of the idea of gogme and got the whole thing rolling. Obviously you were able to convince some people that this could work. I would have to assume those people have never actually owned a real business and don't understand what it really takes.
But, congrats on the web site!
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Thanks again for feedback. You are right. We are targeting people who never own a real business before. Our first objective is to let aspiring entrepreneurs learn the inner workings of the business world and prepare them before they take the challenging route of entrepreneurship on their own.
Can you learn to run a IT firm, a trading company or a food outlet in any college? The best way to become an entrepreneur is to jump into the water, get your feet wet and start a business. Some things in life you can only learn by experience and entrepreneurship is a constant state of discovery. There is no better way to learn entrepreneurship than to start and manage a real business. However, starting a business is costly and need considerably time and effort. Many businesses failed in the first year. Not everyone is able to pick themselves up after a business failure. Gogme.biz allows aspiring entrepeneurs to experiment with business ideas, gain explicit business knowledge of different trades and fail cheaply. Risks taking cannot be taught, however if we can face these difficulties together, our risks will be diversified and the valuable experience can be put to good use when each individual undertake the challenge of starting a business of their own.
I must agree that collective decision-making is both an advantage and an achilles’ heel. In Gogme, the final business decisions are concluded through the time-honored vote system. The convenience of internet voting will allow Gogme to retrieve results in a fast and timely manner. The essential element of a vote system is that it is perceived as fair. But fair, doesn’t mean that the decision is great. More often than not, you do not know if the decision is great until it is in action. Through daily blogs and twitters, the community will be kept informed of daily business activities and business experts will be invited to give advice, we are optimistic that the decisions made would not be that off the mark. Even if the decisions produce unsatisfactory results, the risks are highly diversified; co-owners can learn from these mistakes and not repeat them in their future personal ventures.
We aim to strike a balance between collectivism and individualism. We have proper incentives to avoid mass mediocrity. Individual success and personal financial gains are some of the key factors that draw a person to become an entrepreneur. If your selected idea is implemented by the community and you continue to participate in the implementation process, you have a very high chance to get your idea back as a profitable and sustainable business. The first Gogme is not to create a big business entity but created many small business ventures to allow co-owners to franchises and takeovers. Co-owners are also encouraged to start related businesses that the community can support. Even if co-owners are unable to win franchises, with the useful business resources given to them, they can replicate the business easily.
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