KIMBERLY ASLIE

I have gained a lot of knowledge through this subject MPU3222: Foundation of Entrepreneurship Inculturation. I find it is not easy to start up a new business as it requires a lot of plannings before opening up our shop. For example, we need to do location planning, production planning, and capacity management to run a business. Nevertheless, we manage to work out all of our strategies for our online business by using the Business Model Canvas (BMC). The purpose of BMC is to facilitate the development of effectiveness on our business strategies. Besides that, in order for our business to run smoothly, it is important to have great communication and teamwork between ourselves. Next, I find that it is important to have skills in promoting and advertising our products to our potential products. However, ever since the pandemic hit, there were not many people who will come to the shop physically, instead, most people prefer shopping online. Hence, Sugarloved has been using Instagram, Facebook, and Carousell as our platform to reach our targeted audience. Luckily, our group members are very cooperative and promote our products on every platform. In conclusion, I gained a lot of knowledge while doing this group work assignment and I am thankful to all my groupmates who are very cooperative and made this business successful. I am also grateful for taking this course and I will be using the knowledge I have gained to be more active in the business industry.