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Entrepreneurial Learning Through A Social NetworkViews: 207
Jul 16, 2008 5:46 am Entrepreneurial Learning Through A Social Network

Lance Lim
Hi All, I am Lance Lim from Singapore. Currently, I am managing a business-oriented social network that focuses on entrepreneurial learning and turning business ideas into reality. I would like to share with the group how we make use of existing Web 2.0 to promote entrepreneurship.

Starting your first business by yourself is tough and challenging. The economy is constantly changing and to a certain extent getting too complex to understand or exploit. It is easier if you can start a business with friends as your business partners to share your business tasks and capitalize the skills of each partner. Taking this notion further, would it be even more effortless if you can start and run a business with an online community of aspiring entrepreneurs?

How is it possible for an online community to run a business? With the advent of the internet, billions of individuals can stay connected, access to a wide range of information and has been actively participate in wealth creation, innovation and social development in ways previously unimagined. These individuals have already join forces in large scale collaboration projects such as Wikipedia, Innocentive and Myfootballclub. Web 2.0 technologies have greatly enhanced web-based communication to the point of superseding traditional business collaboration. A social network has the collaborative tools and resources to manage businesses as well as any corporations.

Can entrepreneurship be taught? We believe the best way for a person to learn entrepreneurship is by being an entrepreneur. Some things in life you can only learn by experience and entrepreneurship is a constant state of discovery. Through a fun and participatory approach in imparting business knowledge and skills, we hope to facilitate entrepreneurial learning and allow aspiring entrepreneurs to gain experience into the inner-workings of the business world.

A global project to facilitate individuals of a social network to own and manage a business entity together over the internet based on the success of mass collaboration is highly feasible. Business risks are diversified and adequate startup capital can be raised. Entrepreneurs can participate in more business ventures, experiment with business ideas and fail cheaply. The lessons learnt and experiences gained from managing businesses through the internet will be invaluable when an individual undertake the challenging route of entrepreneurship.

Feel free to give us any feedback. You can visit http://www.gogme.biz for more information.

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