Tag: Entrpreneurship

The Story Behind Favoriot – Part 2: Turning Failures into Milestones

The Journey Before Favoriot

If you’ve been following my journey, you already know that the Favoriot IoT Platform wasn’t our first attempt in the IoT world. Before we arrived at this point, my team and I worked tirelessly on two earlier products: Raqib and Favorsense. Despite our best intentions and efforts, neither venture has gained traction in the market.

The Launch of Raqib

I still vividly remember the day we launched Raqib. I looked at my team and said, “This is going to be a game-changer!” The enthusiasm in the room was electric. But reality had its own plans. We faced unexpected technical challenges, and our marketing efforts fell short. It was a tough pill to swallow, but we kept pushing forward.

Lessons from Favorsense

Then came Favorsense, a product built on a promising idea. This time, I thought, “Surely, we’ve learned from our mistakes.” And while the concept was strong, it struggled to capture user interest. I’d often sit at my desk late at night, reflecting on what went wrong. “Where did we falter? What could we have done differently?” I asked myself over and over again. Two products, two failures—it was a sobering experience.

A Silver Lining

But even amidst these setbacks, there was a silver lining. One element stood firm throughout the ups and downs: the Favoriot IoT Platform. I began to realize its potential. “This could be a tool for anyone wanting to build their own IoT solutions,” I told my team. With renewed determination, we made a bold decision—to pivot. We offered the Favoriot IoT Platform for free, hoping this move would attract a broader audience.

The Challenges of Adoption

However, even that wasn’t the end of our challenges. Offering the platform at no cost didn’t automatically translate into widespread adoption. I often asked, “Why aren’t people using it?” Despite creating tutorials and sharing resources, the uptake remained slow. It was frustrating and disheartening.

Bridging the Gap

But giving up wasn’t an option. I knew we had to dig deeper to address the gap. “We need to guide them more effectively,” I told my team. That’s when the idea of offering IoT courses took shape. These courses weren’t just about teaching theory; they were designed to provide hands-on experience with the Favoriot IoT Platform.

A Breakthrough in Education

And it worked. Today, over 16 universities and polytechnics in Malaysia use the Favoriot IoT Platform for their students’ final-year projects. I still remember the pride I felt when we hit that milestone. “This is a significant achievement for us,” I said to my team, filled with gratitude. Seeing students learning about IoT and applying it to real-world projects has been incredibly fulfilling.

Inspiring the Next Generation

I’m blown away by the students’ creativity whenever I visit these universities. I’ll ask them, “How are you integrating Favoriot into your project?” Their passion and excitement remind me why we started this journey in the first place. These moments make all the struggles worth it.

Expanding Beyond Malaysia

Looking ahead, our vision is to take the Favoriot IoT Platform beyond Malaysia. “The global stage is where we’re heading next,” I shared with my team. We’re already in talks with international institutions, and I’m hopeful that students worldwide will soon have access to our platform.

Innovating for the Future

Of course, the path forward won’t be without its challenges. I often ask myself, “How can we continue to innovate and improve?” In the fast-paced world of technology, standing still is not an option. Every evening, as I reflect on the day’s work, I remind myself, “We’ve come this far because of the lessons we learned from failure.”

Turning Failure into Success

Those early failures with Raqib and Favorsense weren’t the end of our story—they were the beginning of something greater. The Favoriot IoT Platform has become the cornerstone of IoT education in Malaysia, and it’s all thanks to the unwavering dedication of my team. I always make it a point to say, “Thank you,” because this success is as much theirs as it is mine.

The Journey Ahead

This journey is far from over. “This is just the beginning,” I tell my team. We’ll keep pushing boundaries, overcoming challenges, and reaching new heights together. Our story proves that failure isn’t the end—it’s an opportunity to rise stronger.

The Favoriot IoT Platform stands as a testament to perseverance and the belief that with hard work, even the most challenging setbacks can lead to incredible success.

More Stories

My Startup Journey

About Favoriot — Part-18: What They Don’t Tell You About Success

ABOUT FAVORIOT SERIES

The Grind of Entrepreneurship

Image created using Glam app

Starting a business is both exhilarating and intimidating. When we began with FAVORIOT, the energy was contagious. We were laser-focused on developing our product, pushing hard to get it to market, and dreaming about the wave of interest we expected.

The energy in those early days was intense. We believed the world would notice as soon as we released the product, and the orders would come flooding in.

But reality, as I quickly learned, doesn’t quite work that way.

The silence after launching the product was deafening. There was no fanfare, buzz, or, most disheartening, customers. We were shouting into a void, and nobody was listening.

I couldn’t help but ask myself, “Did we make the right decision? Is there even a market for what we’ve built?” This question haunted many entrepreneurs early on, but I knew we had to keep pushing.

Giving up wasn’t an option, and the only way forward was through persistence.

In those moments, it became clear that having a great product wasn’t enough. We needed people to know about it. Marketing, awareness, and promotion were no longer side tasks; they became the lifeblood of our survival.

I constantly thought, “How do we get the word out? How do we make people care?”

I had to become not just a product developer but a marketer, a salesman, and, at times, a storyteller.

Soon, we started getting requests for demos and presentations. It was a small but significant win. At least someone was interested.

I would go into those meetings with excitement and nerves, presenting our product like it was the best thing since sliced bread. People were polite, nodded in agreement, and seemed impressed—but no one pulled out their chequebook.

Then came the first request for a quotation. I thought to myself, “Finally! This is it; we’re on the verge of making a sale.”

But again, silence followed. The quotation was sent, and the waiting game began.

It was a rollercoaster of emotions. You would think that a purchase order (PO) would soon follow after a quotation, but it didn’t always work that way.

When the first purchase order eventually came through, it was like a massive weight had been lifted off my shoulders. I can still vividly recall that moment. “We did it! Someone believes in us enough to buy our product!”

It wasn’t just about the money; it was validation that we were on the right track. With that first PO, we gained a renewed sense of confidence in the product and ourselves. We began to believe in scaling.

If one customer believed in us, surely more would follow.

As more purchase orders trickled in, our focus shifted from development and marketing to invoicing and — perhaps the least glamorous part of the process — chasing payments.

It became part of the daily grind, issuing invoices, following up, and sometimes even begging for payment. It’s one of those realities of running a business that no one tells you about.

You assume that once a customer buys your product, the hardest part is over, but getting paid can sometimes be just as challenging.

Along the way, I learned a few hard lessons.

One of the most valuable things was not believing in empty promises. Early on, you meet many potential clients who love your product. They’ll tell you it’s exactly what they’ve been looking for, that it will be a huge success, and that they have big plans for it. They’ll dangle the carrot of future projects and massive scaling opportunities, and in return, they’ll ask for a discount or even a free proof of concept (PoC).

In the beginning, it’s tempting to agree. After all, who doesn’t want to believe that their product is about to hit the big time? But more often than not, those promises never materialise.

I learned to ask myself, “Where’s the purchase order? Until I see that PO, it’s all just talk.”

Another pitfall I encountered was dealing with self-proclaimed “brokers.” These people didn’t represent any company but claimed to have the “big cable,” as we say in Malaysia — the connections to get us into significant tenders and projects.

They spoke of million-ringgit deals and massive opportunities if only we’d trust them. It was all so enticing.

But over time, I realised that a valid business deal doesn’t rely on middlemen or promises. An actual transaction happens when you convince a customer of the value of your product, earn their trust, and buy with their own money.

Looking back, these experiences shaped me as an entrepreneur. I learned that building a startup isn’t just about creating a product; it’s about building relationships, earning trust, and navigating the complexities of the business world with a healthy dose of scepticism.

It’s easy to get caught up in the excitement of what could be, but real success comes when you can turn those possibilities into tangible results.

And at the end of the day, the only thing that truly matters is that your customers see the value in what you’re offering and are willing to pay for it.

About Favoriot — Part 13: Does Winning Awards Help a Startup Succeed?

About Favoriot Series

Which is more critical — customers or awards?

The Early Days and Initial Recognition

Since Favoriot’s inception, we’ve won numerous awards. One notable example is being named Malaysia’s Best IoT Startup in 2019. I remember the excitement and pride that came with that achievement.

It felt like a validation of all the hard work and sleepless nights we had put into building the company. “This is it,” I thought. “We’re finally being recognized.”

The Surge in Exposure

After winning that award, we received invitations to appear on podcasts, TV shows, and radio interviews.

The exposure was immense.

This kind of publicity was gold for a startup like ours, where getting the word out is half the battle. “Maybe this is what we needed to push us to the next level,” I mused as I prepared for another interview.

The Tough Questions Begin

But as the excitement of the award began to settle, I asked some tough questions. “Is this making a difference? Is this award going to translate into tangible results for Favoriot?” The reality, as I soon discovered, was more sobering.

Customers: The Missing Link

Did the award bring in customers? No, not really.

Despite all the exposure, we didn’t see a significant uptick in clients knocking on our door. “Surely, people have heard of us by now,” I would tell myself.

But recognition doesn’t always equate to sales.

The truth is, getting your name out there is just one piece of the puzzle. It’s not enough to be known; you must be trusted, which takes more than an award.

Investors: The Harsh Reality

What about investors? Did the award make them come running? Again, the answer was no.

“How can they not see the potential in us?” I wondered, frustrated.

But investors are looking for more than just accolades.

They want a solid business model, a clear path to profitability, and, most importantly, evidence that your startup can scale.

No matter how prestigious, an award isn’t going to convince them on its own.

Big Projects: The Elusive Prize

And then there’s the question of projects.

Did we land any big contracts because of the award?

Unfortunately, no.

“What’s the point of all this recognition if it doesn’t lead to real opportunities?” I found myself asking. It was a tough pill to swallow, but the fact remained: while awards are nice, they don’t necessarily open doors to significant deals.

The Importance of Merit

At Favoriot, we’ve always believed that if you’re going to give out awards, they should be based on merit.

Too often, I’ve seen awards handed out to those who can afford to pay for a fancy dinner or an editorial spot.

“What’s the value of an award if it’s just bought and paid for?” I questioned. We’ve never been interested in that kind of recognition.

If we’re going to win something, we want it to be because we’ve earned it, not because we’ve paid for it.

Shifting Focus: Beyond Awards

So, where does that leave us now?

The truth is, we’re no longer chasing awards. They’ve lost their luster for us.

“What’s more important,” I remind myself, “is attracting customers who believe in our product and are willing to pay for it.” That’s the real measure of success for a startup – not the trophies on the shelf but the customers who keep returning.

Aiming for Global Impact

We’ve shifted our focus to the international market.

“Let the world see what we can do,” I often think. Our aim now is to be recognized globally, not just for the awards we’ve won but for our impact in the IoT space. We want the world to see the value we bring, not because we’ve won an award but because we’ve delivered real results.

The Road Ahead: Challenges and Hopes

Of course, this journey isn’t easy.

It’s filled with challenges, setbacks, and moments of doubt. But it’s also filled with hope, determination, and a belief that what we’re doing matters.

“May our journey be made easier with the prayers of our friends,” I often reflect. And for those who have supported us, I can only say thank you.

Your belief in us means more than any award ever could.

The True Measure of Success

In the end, I’ve come to realize that awards are just that – awards.

They’re a nice pat on the back, but they don’t define success.

What matters more is the work we do daily, the relationships we build, and our impact on the world.

That’s the legacy I want Favoriot to leave behind, and that’s what we’re working towards, one step at a time.

Pivoting Your Products to Find Success

STARTUP STORIES

A Personal Account

Photo by Jorge Ramirez on Unsplash

What’s the best strategy for building a business? Should we focus on a single product or diversify our offerings? Is it wiser to invest all our resources in a single endeavor or spread them across multiple ventures?

These questions have haunted me since the inception of FAVORIOT. As an entrepreneur in the IoT (Internet of Things), I’ve learned that no one-size-fits-all answer exists.

The journey of building products is fraught with uncertainty, and pivots are an inevitable part of the process.

Allow me to take you through our experience at FAVORIOT, where each product we developed taught us valuable lessons and shaped our path forward.

The First Step: Raqib

Photo by Vlad Sargu on Unsplash

Our first product, Favorwatch, was envisioned as a solution for elderly care. The idea was to provide a device that could monitor the health and safety of senior citizens, allowing their families to have peace of mind. The market seemed promising, and we were excited about the potential impact Raqib could have.

But things didn’t go as planned.

“Dr. Mazlan, the initial feedback isn’t as positive as we hoped,” my colleague mentioned one day. The product was functional, but the adoption rate was not meeting our expectations.

It became clear that our vision needed adjustment.

“Let’s rethink our target market,” I suggested during a team meeting. “What if we pivot Raqib for Hajj pilgrims instead? They face unique challenges and could benefit from a similar monitoring solution.”

This pivot breathed new life into Raqib.

By targeting Hajj pilgrims, we found a market that genuinely needed our product.

It was a critical lesson in the importance of flexibility and market understanding.

Expanding Horizons: Favorsense

Photo by ben o’bro on Unsplash

After the experience with Raqib, we were more cautious and confident in our ability to pivot when necessary.

Our second product, Favorsense, aimed to help local authorities manage public complaints. The idea was to create a platform to collect data, identify pain points, and help build smarter cities.

“Do you think this will work?” I asked my team during one of our brainstorming sessions. “We must ensure Favorsense is versatile enough to adapt to different needs.”

The initial target was local authorities, but as we developed Favorsense, we saw its potential applications expand.

Universities, housing developers, and enforcement agencies showed interest in using the platform to manage their data and complaints.

“Look at this feedback from the campus trial,” one of my team members said, handing me a report.

The response was overwhelmingly positive.

It was clear that Favorsense could serve various markets, not just local authorities.

This flexibility in application became a cornerstone of Favorsense’s success.

We learned that building a product with adaptability in mind could open doors to markets we hadn’t initially considered.

The Game Changer: Favoriot IoT Platform

Our third product, the Favoriot IoT platform, was conceived to be the backbone of IoT applications.

We offered it as a Platform-as-a-Service (PaaS), enabling developers to build and manage their IoT solutions easily.

“This is our chance to make a significant impact,” I told my team. “The IoT platform will be essential for any IoT deployment, and we want Favoriot to be the go-to choice.”

The response was incredible.

Over 8,200 users from 121 countries started using the platform, and the numbers kept growing.

Our Favoriot IoT platform quickly became more successful than our previous products.

“Dr. Mazlan, the traction is beyond what we expected,” my business development lead said, showing me the user growth charts.

It was a testament to the platform’s utility and the global need for such a solution.

The success of the Favoriot IoT platform reinforced the idea that a core, indispensable product could drive significant growth.

Every IoT deployment needs a robust platform, and we positioned Favoriot as that essential component.

Reflections on Strategy

So, what’s the best strategy to build a business?

Through my journey with FAVORIOT, I’ve realized that the answer lies in a balance between focus and flexibility.

Starting with a single product allows for concentrated effort and resource allocation, but being open to pivots and diversification can lead to broader opportunities and increased resilience.

“Dr. Mazlan, do you think we should develop another product?” one of my team members asked recently.

“We should always be open to new ideas,” I replied. “But we must ensure that each new product aligns with our core vision and leverages our existing strengths.”

Building a successful business is a continuous learning, adapting, and innovating process.

Our journey with Raqib, Favorsense, and the Favoriot IoT platform has taught us that while the first product might not always hit the mark, the ability to pivot and expand can lead to unforeseen success.

The Road Ahead

As we move forward, FAVORIOT remains committed to developing solutions that address real-world problems and drive the adoption of IoT technologies.

Each product we create is a step towards a smarter, more connected world.

“I believe our best work is still ahead of us,” I often tell my team. “Let’s keep pushing boundaries and exploring new possibilities.”

The journey is as important as the destination.

At FAVORIOT, we’re excited to continue this journey, one innovative product at a time.

IoT Solution for Senior Citizens — The First Big Challenge as An Entrepreneur

THE ENTREPRENEURSHIP STORIES

The quest for being an entrepreneur begins — three (3) takeaways.

Photo by Natalie Pedigo on Unsplash

Not a paid member? Click here to read the full story for free.

The trip to Silicon Valley was not just a visit; it was a pilgrimage to the heart of technological innovation. As I stepped off the plane, back from the land of giants, the buzz of inspiration was palpable in my veins.

I pondered, “If those in Silicon Valley could turn dreams into reality, why couldn’t I?”

Amidst the relentless pace of progress, the seed of an idea began to germinate—an idea that would not only cater to an aspiration but also address a pressing social need.

Photo by Mika Baumeister on Unsplash

Idea Generation

I remember the dialogue within me:

“Why not create something meaningful?”
“How can we ensure the well-being of seniors living alone?” 
“The answer lies in IoT — the nexus of care and technology.”

These questions and affirmations became the mantras of my newfound quest.

The Genesis of a Vision

In April 2017, with a vision of empowering senior citizens, I fused a team to embark on a two-year entrepreneurial odyssey. The goal was to harness the potential of the Internet of Things (IoT) to foster a safer, healthier living environment for the elderly.

Photo by Philippe Leone on Unsplash

Confronting the Challenges

The reality was stark; seniors were battling health issues, from heart conditions to dementia, while their busy offspring grappled with the guilt and strain of being unable to provide constant support. Traditional caregiving was no longer sufficient — there had to be a more proactive way to ensure safety and provide swift assistance when needed.

Identifying the Opportunity

Our research uncovered a burgeoning market. The aging population was rising, with Malaysia housing a 7% senior demographic. This was more than a business opportunity; it was our chance to impact society substantially.

Designing the IoT Innovation

The blueprint of our product was clear — a wearable akin to a smartwatch, encapsulating features for health monitoring, GPS tracking, and two-way communication. Simplicity and efficiency were the cornerstones; the device had to be as unobtrusive as effective.

Photo by Onur Binay on Unsplash

Market Exploration and Realizations

Our initial market approach focused on B2B collaborations with Senior Citizen Care Centres, only to discover the mismatch in demographic needs. We recalibrated, focusing on direct-to-consumer channels and even the Hajj pilgrimage market. Each pivot taught us invaluable lessons about our product and its market position.

A Look Back and Ahead

Looking back, the journey from Silicon Valley to our first IoT product has been enlightening. The entrepreneurial path is fraught with obstacles and learnings, but the drive to innovate for the betterment of our elders fuels our persistent march forward.

Crystallizing the Entrepreneurial Spirit: Three Takeaways

  1. Immerse Yourself in the Problem: Understanding is the bedrock of innovation.
  2. Embrace Flexibility: The ability to pivot is the entrepreneur’s greatest asset.
  3. Community is Key: Feedback and engagement are the lifeblood of a successful product.

How The Silicon Valley Trip Transform Me Into An Entrepreneur

ENTREPRENEURSHIP SERIES

From Techie to Entrepreneur

Photo by Greg Bulla on Unsplash

Not a paid member? Click here to read the full story for free.

The air of Silicon Valley is thick with dreams and the electric buzz of ideas sparking to life. When I first stepped onto the storied grounds of this technological mecca in 2016 as part of the MDEC delegation, I was struck by the place’s profound sense of possibility.

This is where giants like Apple and Facebook stand tall, monuments to innovation and human ingenuity.

Back then, my ambitions were relatively modest — I aspired to be a CTO. But Silicon Valley has a way of expanding your horizons and reshaping your dreams.

A Change of Heart

The realization struck me as I walked through the campuses of Google and Facebook and mingled with the visionaries who tread those paths: each of these legendary companies began with nothing more than a simple yet powerful idea.

In that moment of clarity, I felt my direction pivot. The seed that would grow into FAVORIOT, my dream IoT startup, was sown.

Photo by Carles Rabada on Unsplash

A Trip Down Memory Lane

The Computer History Museum offered a tangible narrative of our technological evolution, from bulky vacuum valves to the sleek smartphones of today.

It was a pilgrimage through history, standing face-to-face with the milestones of progress, including the very first Apple computers.

Each artifact echoed with stories of challenges overcome and milestones achieved, and I absorbed it all.

Where Unicorns Are Born

My visit to the Plug and Play Tech Center further catalyzed my shifting aspirations. It’s a place that has incubated startups like Dropbox, a reminder that unicorns are not just mythical creatures in this valley — they are real, and they started small.

“Why not me?” became a mantra that carried me forward.

Photo by Greg Bulla on Unsplash

Pitching and Learning

In Silicon Valley, the lifeblood is not just in its behemoths of tech, but in the thriving culture of sharing and collaboration. Pitching at Hero City was as nerve-wracking as it was exhilarating, offering feedback and camaraderie in equal measure.

It was in the casual collisions — in cafes, in parks, across the sprawling campuses of tech giants — that potential collaborations sparked.

The Ultimate Lesson

What I learned from my Silicon Valley experience was the limitless nature of ambition. Age and background do not matter if an idea and a passion drive you forward.

In Silicon Valley’s nurturing ecosystem, everyone is rooting for your success.

Photo by Lala Azizli on Unsplash

Golden Nuggets for Aspiring Startups

For those who dream of their own startup success stories, here are a few golden nuggets:

1 — Stay Inspired: Surround yourself with stories of success and failure. They are the fuel for your entrepreneurial journey.

2 — Collaborate and Share: Embrace feedback and join forces with others. Giants like Apple and Microsoft sprang from partnerships.

3 — Dream Big: Let your imagination be your guide. The sky is not the limit — it’s just the beginning.

As I continue on my journey, fueled by the transformative power of IoT, I invite you to stay tuned for more insights and reflections.

View at Medium.com

The Science of Growth – A Book Review

Entrepreneurship — Book Review by Mazlan Abbas

Grow your business — learn from the best.

[Note: Click here to have FREE access to this member-only story]

I’ve got a gem for you!

“The Science of Growth” by Sean Ammirati is like the GPS for scaling your business, and let me tell you, it’s spot-on and timely.

Now, I know we’ve all been bombarded with advice on growth, and you might be wondering, “Why this book?”

Well, for starters, Ammirati isn’t just throwing theories at you.

He’s walked the walk as a venture capitalist and educator, and this book is packed with real-world insights that get down to the nitty-gritty of scaling.

What really hooked me were the case studies – oh, the case studies! Imagine getting a behind-the-scenes look at why one company rockets to success while its counterpart stumbles.

It’s like being a fly on the wall in the boardrooms of LinkedIn, Facebook, and McDonald’s, witnessing the decisions that propelled them to stardom or doomed them to obscurity.

But it’s not just about the stories.

Ammirati digs into the “why” and “how” with a fine-tooth comb. He pinpoints the crucial decisions and strategies that can make or break your growth phase.

We’re talking partnerships, financing, data utilization – all the stuff that, let’s be honest, can get overwhelming.

This book breaks it down into digestible, actionable insights.

For me, the biggest takeaway was understanding that growth isn’t just about hustling harder; it’s about making smart, strategic choices.

And what’s more empowering than learning from those who’ve already played the game and won… or lost?

So, whether you’re knee-deep in your startup journey or just plotting your course, “The Science of Growth” should be on your reading list.

It’s not just a book; it’s a roadmap to scaling your business with intelligence and insight.

Trust me, you don’t want to miss out on this one.

It’s a read that could very well shape the future of your venture. Happy scaling!

Get this “The Science of Growth” book from Amazon. (This is an affiliate link)

Happy 7th Anniversary Favoriot!

Getting Older and Wiser

Here’s to Favoriot’s expansion into new markets, wisely navigating global challenges, and making a mark worldwide with its innovative solutions.

Happy 7th Anniversary FAVORIOT!

[Note: Click here to have FREE access to this member-only story]

I keep tossing this one question back and forth in my head: “Is FAVORIOT gonna keep the lights on for another year?”

It’s like, running a startup feels like being in a marathon with no clear finish line – just hills, mountains, and valleys for days.

Jumping into entrepreneurship, I honestly didn’t see the rollercoaster ride coming.

From the outside, you always hear about these startups going from zero to hero, hitting that IPO jackpot in just a few years. It’s all about the glory days, right?

You often catch stories about startup founders bagging millions in funding, scaling from a duo to hundreds, even thousands of employees, and then making it big internationally.

Those are the success tales.

But for every one of those, there’s a bunch that just… vanish.

They’re part of the grim 90% of startups that crash and burn each year.

Those stories? Not so loud.

FAVORIOT kicked off officially on February 20, 2017, but didn’t really get rolling until April 1, 2017, with just a few of us.

Since then, a lot of the original crew has moved on, replaced by fresh faces.

The past seven years have been a wild ride, to say the least.

Here’s the scoop:

1 — Starting with Zero Revenue – We went a whole year without making a dime, with our costs through the roof.

All because we were deep in the R&D phase, working on our “Raqib” product (an IoT thing for monitoring the elderly and Hajj pilgrims).

Then, just as we were ready to roll in 2019, COVID hit, and Malaysia’s Hajj got postponed for two years (2020–2021).

Just like that, all the money we’d poured into Raqib felt like it went down the drain.

2 — When No One’s Buying – In the early days, folks would come up to me all excited about IoT, wanting to collaborate but not really sure how.

But then, crickets.

No one actually wanted to buy. I’d be lying if I didn’t admit to thinking, “Are they just here to pick my brain or what?”

3 — Turning Down IoT Training Initially – At first, we thought people could just learn IoT on their own with all the tutorials out there.

Boy, were we wrong.

We only started offering commercial IoT courses by the end of 2021, almost four years too late!

4 — From 20 to 8300 Users – It began with just a handful of folks interested in our IoT platform.

Now? We’ve got users from 121 countries.

Talk about growth!

5 — Branding Favoriot – Once upon a time, googling “Favoriot” would get you “Favorito.”

Now, we’re the first thing that pops up.

We’ve made a name for ourselves in Malaysia as an IoT startup.

By some miracle, we’ve managed to claw our way out of the dreaded “Valley of Death,” despite its gravity trying to pull us back in.

Moving Forward

Maybe it’s time to hit up investors again, look for new partners, or VCs.

Back in the day, we didn’t stand a chance without traction or customers.

Rejection was the name of the game, whether pitching to investors or trying to get into accelerators.

But now?

It feels like it’s time to open up Favoriot’s doors again, see if we can snag some VC funding or find a company interested in making IoT part of their business.

Happy 7th Anniversary, FAVORIOT.

Here’s hoping this year, and the years to come, are even better than the last.

“May every team member of Favoriot grow wiser with the company, enjoying personal and professional development that leads to collective success.”

A shoutout to our earliest customers, too. Without their trust, it would’ve been a much tougher sell for the rest.

And finally, to my friends who’ve always had my back, thank you. Your support means the world.

You Will No Longer Look at Personal Blogging the Same Way

How Personal Blogging Changed the Way I Look at Life Challenges

Image created using Canva by Author

“In the landscape of entrepreneurship, personal blogging is not just a pen stroke, but a bridge connecting the depths of personal growth to the heights of professional achievement.”

[Note: Click this if you are not a Medium Partner Program member. It will give full access to this article.]

In the chaotic world of entrepreneurship, we, as founders, often face a wide range of experiences, from the thrill of breakthroughs to the stress of setbacks.

Amid this storm, it’s too easy for me to become absorbed in the day-to-day demands of decision-making and troubleshooting.

However, I’ve discovered a potent, often overlooked tool that has brought me clarity, perspective, and a profound sense of achievement: personal blogging.

Through my journey, I’ve seen how keeping a personal blog can provide insight for entrepreneurs like me, helping us steer our ventures with more wisdom and purpose.

The Hidden Gems of Personal Blogging

“Through the lens of a personal blog, every entrepreneur becomes a storyteller, transforming daily trials into a tapestry of triumphs and teachings.”

At a glance, blogging is just an online journal or a way to express oneself.

But for entrepreneurs, myself included, it goes far beyond that, evolving into a valued routine that enriches my personal life and business endeavors.

My path led me from managing two blogs — one for business insights and another for personal musings — to an unexpected revelation.

My blog, where I candidly shared the ups and downs of my entrepreneurial journey, began to connect with a broader audience in ways I hadn’t anticipated.

This burst of engagement highlighted the power of authenticity and vulnerability in forging connections with others.

The Healing Power of Writing

“Writing is the soul’s therapy, and personal blogging is its sanctuary, offering clarity amidst chaos and transforming thoughts into tangible paths forward.”

For an entrepreneur, writing is inherently healing.

Blogging about my daily experiences, the hurdles I’ve faced, and the milestones I’ve achieved acts as a form of reflection.

It allows me to step back from the relentless pace of business and introspect, giving voice to my thoughts and feelings. This isn’t just about recording what happens; it’s about making sense of the journey.

Documenting the highs and lows, the errors, and the successes offers a structured approach to dissecting and comprehending these moments.

It’s a way for me to externalize the inner monologue that can often become convoluted and overwhelming if left unchecked.

Gaining Clarity Through Reflection

“Reflection through blogging is not merely looking back; it’s charting a course forward, turning lessons into stepping stones for tomorrow’s successes.”

Reflection is a vital part of learning and evolving.

Personal blogging aids in this by enabling me to look back on past decisions, results, and thought processes.

Writing down the stories behind each event helps me and entrepreneurs like me to identify patterns, acknowledge recurring challenges, and recognize progress that might otherwise be overlooked.

This reflective practice deepens my understanding of my entrepreneurial journey, spotlighting the lessons learned and pinpointing areas for growth.

The clarity this provides is priceless, offering a navigational tool for future choices and plans.

The Strength of Community Engagement

“A personal blog is more than a diary; it’s a dialogue with the world, inviting connection, empathy, and shared journeys toward common horizons.”

My experience has highlighted the unexpected benefits of engaging with a community through blogging.

The interaction from readers — through views, comments, and shares — becomes a source of encouragement and affirmation.

It is gratifying to realize that my personal story resonates with others and could offer them insight, motivation, or comfort.

This connection with a broader audience enriches the blogging experience, transforming it from an individual activity into a collective voyage.

Cultivating Resilience and Wisdom

“Every blog post is a beacon of resilience, illuminating the path for others while casting light on the wisdom earned through the entrepreneur’s voyage.”

Each blog post covering the obstacles I’ve encountered and overcome marks a significant point in my entrepreneurial journey.

These recorded experiences build up a wealth of knowledge, equipping me with the insights and resilience needed for upcoming challenges.

Sharing these stories benefits not just me as the writer but also supports readers who may find themselves in similar predicaments.

It fosters a cycle of mutual support and growth, reinforcing that every story has its place in entrepreneurship.

An Invitation to Personal Blogging

“The act of blogging is an act of bravery, where sharing one’s vulnerabilities becomes the strength that binds a community of like-minded souls.”

Personal blogging stands out as a powerful instrument for entrepreneurs, serving multiple purposes: a medium for introspection, a beacon of clarity, a link to connect with others, and a treasure trove of learned lessons.

My journey vividly illustrates how incorporating personal blogging into our entrepreneurial practices can provide far more than a historical account.

It opens doors to personal development, community engagement, and clearer thinking.

Adopting personal blogging can be a game-changer for those of us navigating the complexities of our startups and entrepreneurial ventures.

It’s an offer to pause, reflect, and connect — essential steps for maintaining our drive, resilience, and focused vision.

I often remind myself, “Keep dreaming and hustling, and never forget to share your story.”

In the vast, unpredictable sea of entrepreneurship, our blogs can serve as lighthouses, guiding not just ourselves but others, reminding us that amid the chaos, every story matters, and yours might be the beacon someone else is searching for.

Five (5) Lessons Learned via Personal Blogging

1 — Blogging Transcends Simple Journaling to Enrich Entrepreneurship:

Unlike a diary, personal blogging offers a more profound, multifaceted platform that intertwines personal growth with professional development.

The practice of sharing the entrepreneurial journey authentically and vulnerably not only fosters personal reflection but also strengthens business understanding by connecting with a broader audience.

2 — Writing as a Therapeutic Tool for Clarity and Reflection:

Writing about daily experiences, challenges, and achievements is a powerful form of self-reflection and therapy.

It provides a structured way to process the entrepreneurial journey, helping to externalize thoughts and feelings that, if left internalized, can become overwhelming.

This reflective writing helps in distilling complex experiences into actionable insights.

3 — Reflection Aids in Learning and Growth:

Personal blogging enables entrepreneurs to revisit past decisions and outcomes, offering a chance to learn from mistakes and celebrate successes.

This continuous cycle of reflection is crucial for identifying patterns and recurring challenges, deepening understanding, and fostering personal and professional growth.

It turns experiences into a compass for future navigation.

4 — Community Engagement Enhances Motivation and Support:

Sharing one’s journey through blogging creates a feedback loop of engagement that can offer encouragement, validation, and a sense of belonging.

Knowing that your story resonates with others and could help them navigate their challenges is immensely rewarding.

This enriches the individual blogging experience and contributes to building a supportive community around shared struggles and triumphs.

5 — Documenting the Journey Builds Resilience and Wisdom:

Each blog post that recounts the hurdles overcome and the lessons learned serves as a milestone in the entrepreneurial path.

These documented experiences become a reservoir of wisdom, equipping the entrepreneur with the resilience to face future challenges.

Moreover, sharing these insights fosters a supportive ecosystem where the writer and the readers can learn from each other, promoting a culture of mutual growth and resilience.

Image created using Midjourney by Author

Remember to Subscribe to receive email updates on every post I publish.

Why ‘Picking My Brain’ Isn’t Free Anymore: A Business Perspective

Back in the day, the question “Can I pick your brain?” was music to my ears. As someone eager to impart knowledge and share experiences, I always took these requests as compliments. I believed it was a testament to the value others saw in my insights.

The Early Days: Open Arms and Open Doors

In the beginning, I was a beacon of assistance. Why? Primarily, I had the luxury of time. I could afford to spare an hour or two to discuss ideas, provide feedback, or simply share my perspective on things. It was immensely gratifying, knowing that people saw me as a source of valuable information. Moreover, I genuinely enjoyed sharing. After all, isn’t knowledge most valuable when it’s shared?

The Middle Phase: The Emergence of Doubt

However, as time went on and my calendar started to bulge at the seams, a new sentiment started to creep in. Each “Can I pick your brain?” began to feel less like an innocent request and more like an intrusion into my already packed schedule. The intention behind the question also began to blur. Was it truly about seeking knowledge, or was there an underlying motive? Was I inadvertently feeding potential competitors? Were these sessions providing equal value to my business, or was I merely acting as a free consultancy service?

The Reality Check: Quantifying the ROI

After countless coffee dates, luncheons, and brainstorming sessions, I took a moment to reflect. How many of these interactions led to tangible opportunities for my company? Unfortunately, the answer was: very few. It seemed that the balance of value had tipped. While I was pouring out insights, expertise, and time, there wasn’t much trickling back in.

The Present: A More Guarded Approach

Nowadays, my approach to these requests has matured. My time, just like anyone’s, is finite and valuable. I’ve become more discerning. It’s not about being unapproachable or stingy with knowledge. Instead, it’s about ensuring that any interaction is mutually beneficial. The objective isn’t to shut doors but to ensure that both parties walk away feeling enriched.

To those who genuinely seek knowledge and collaboration, my door remains open. However, the days of one-sided “brain-picking” are firmly in the rearview mirror. The ultimate lesson? Time is a resource, and like any resource, it needs to be managed wisely. As much as I love to help, it’s essential to remember that every professional interaction should be a two-way street.