We fear rejection, want attention, crave affection, and dream of perfection. That is what reality happens. But, we people should not be scared of rejection because rejection will sometimes bring you to success.because every rejections bring lessons. We learned a lot of things because of failure and rejection.and that made as human.In every aspect of our life we want perfection but in reality we don't need to be perfect because we people sometimes need failure for us to be awaken from the dreams that is not possible. We need to fail to learn. Learn from the reality of life.

Last monday, we conducted a pitching for our product. And I must say that it was a successful one. I always say successful because I know in myself that in every thing that I do always put great effort in it and always do my best to have a great presentation.In our pitching we have 3 panelist who ask some questions about our product. They also give comments and suggestions for the improvement of our business start up. Mostly of them said that we got a great or a good product but it is not marketable since we have a higher price. But, they also give as suggestions on how our product be marketable and that is by using the subscription. Subscription, in a way that every month our customers will pay monthly with a certain amount until contract expires. And after the panelist give that suggestion to us we realize that it was a great idea that we will use subcription since that is the trend for now and most of the people are attracted of the lesser amount of money paid per month. Because people want to have a lesser amount of money to be paid per month compared to buy a certain product one time. Some of them discuss the advantage of paying monthly and paying fully.they said that if you pay the product fully you don't need to worry every month about your debt. But some of them also said that they want to pay monthly because they think that they only buy the product at a lower price.

To validate if subscription will really be profitable or if people wants it we interviewed some of the customers or household owners who reside in subdivision in sta cecilia. And we also interview again the previous customers in order to give them an update of our product. We introduce the new method of selling our product and mostly of them agreed that subscription is much good compared to other method.As of now, we were not be able to decide the specific price of our product per month because we are still interviewing more customers in order to assure if they want that way. We want to be sure that there will be lot of customers who will agree our way. We also ask them if they will be interested to buy the product if we will use subscription? And mostly of them said they are interested.as of now we don't know if we can get more profit with subscription than our first way but based on our interview subscription is more favorable or marketable than the first one.

We also updated our BMC since we want to have a subscription and there are also some of the information in the bmc that needs to be change. Then, we also calculate again the total cost that we will be needed to build the product.we calculate it because we change some of the cost that will be needed for the salary of workers or for other materials needed for installations.

I learned from this week that it is really important to accept suggestions and comments from other people in order to improve your product and to learn things from them.Sometimes we think that we already know everything and we dont need other people to help but tha real thing to do or the right thing to do is to ask help from other people and ask suggestions from them in order to have a better product. Because other people are great help for our success. We cannot attain success without other people.

According to bill gates,”To win Big, You sometimes have to take risk.” We Teambangan have already sacrifices a lot come at this point. A point where we are now working for our success .Though we are far from that, we all know that we are really coming. Time will come that we will be able to say the word SUCCESS. Every week that we presented our reports, pitch, and data are part of our success and I’m happy to say that we really did great as a team. I am lucky being part of this team and having this right people. A right people who are really passionate and willing to take risk.

I will explain and narrate all of the things that we did this week. First, we have a forum, we as a team talk about the things that we will going to do for this week. Well, we continue memorizing our pitch and put some corrections in our slide. We try to practice talking or doing our pitch in order to know if we are really ready for the pitch this Monday. We try if our pitch really suit for 4 minutes presentation. And I think we got it. We cannot say that our presentation this coming Monday will be great, but we will do our best to have better.

Second thing we do is we conduct interview to our potential customers for additional information or data for the presentation. We try to ask household owners in subdivision if they are willing to pay for our product. And some of them say that they are but some are not. While doing our interview we first introduce our product and that is by trying to explain our product like we are doing pitch in order for them to understand what are our product and what problem are we addressing. We are using lay mans’ term in order for them to relate. Doing those interview is also a way for us in practicing our pitch. Then after introducing our product we ask them some questions. Well, some of them suggesting what are the best thing that we are going to do. Though we are already done calculating the cost of the product, we are still accepting suggestions for the improvement of our product because we all know we are not perfect. It is also important that there are those suggestions of our potential customers because they are the one who knows what they want and what are the things that need to be improve base on what they see or observe from the existing product they have or they see. I am happy that some of our interviewee are really amaze with our product and that made us more determined to continue this.

Lastly, we as a team talk about what are our plans not just this week but throughout our journey. We Think if how are we going to end up.If this product will be successful or not . We think of the possibilities. Then we also plan on where are we going to interview next week.

I am very thankful that we are given a much longer time to prepare for our pitch this week. Because of this time given to us, we became more prepared for our presentation and we are confident with it since we have a lot of time practicing. Because of this time we collected more helpful data for our presentation.

“There is no Success without hardships”, that quote made me more determined to continue and think for better idea in every presentations.

This is it! A week of preparations .We are busy preparing for our pitching. We’ve done a lot of things this week like making a best presentation, and finalizing the slides. It’s a quiet difficult for us since we have a lot of thing to do aside from this subject. And here it comes time management is important, and we are working that for now. For this week, we continued interviewing few customers to ask some questions about our product. And we as a team accept comments and ideas for the improvement of our product. Doing the task is a little bit hard for us because we as team really need to consider the thing that we are going to present in order to attract the investors and for our audience be able to understand the words or terms being use in the presentation. We also consider the content of our slides if it will really makes the investors understand what are we really selling and what problem are we solving. We also done research about our competitors and for our target market.

         I will start explaining how we do our presentation. Well, we consider first our audience which is our possible investors. We made a presentation which is understandable and we are ensuring that the audience may get easily what are we selling and presenting. Then, we shorten the words we used and putted pictures and diagrams for a better presentation. We calculated the total cost of the material that we needed to accomplish a product and also our possible profit.I will going to explain every slides we made and we make it.

         Slide 1: Team

We just put the picture of us and our specific role in our company the teambangan.

         Slide 2: Problem

                  We just put a pictures that will make the audience or to our possible investors picture out what our problem really is.

         Slide 3: Solution

                  We do this slides knowing what are we really solving and with that we did a solution. A solution that really brings changes.We did this slide by also using of pictures and a brief explainations.

         Slide 4: Product

                  With this slide we are ensuring that audience may get what our product really is. We let them picture out how our product really works and how effective this product will be. We made this slide using a collage.

         Slide 5: Target Market

                   This slide is quiet hard since we do a research on the total household population living in a subdivision in the Philippines. We do assumption on the possible number of household population in subdivision who are interested of our product .Then we calculated our SOM using those assumption by multiplying it to .5% wherein we all know that we have a competitors and multiply it again to the price of the product we are selling.

         Slide 6: Competition

                  This is also one of the hardest thing because we did a research on what are the existing company who solve the same problem we had. And not just that. We also do a research on what are the product that those company are selling and what are their way of selling it .And we come up that there are those company that have online transaction and have an expensive product.

         Slide 7: Economics

                  We include in this slide the breakdown of the total cost of the material that we are going to use for the completion of the product. Then, we calculated also our possible profit.

         Slide 8: Ask

                  We calculated the possible amount of money that we needed for the startup for 3 months. We really think this slide well since this is very important in order for our possible investors aware of what we want for our startup.

         Slide 9: Traction

                  This slide is also hard since you need to think for an estimation. You are going to have an assumption for the possible sale of that product yearly.

         Slide 10: Summary

                  We made this slide remarkable. We made a tagline in order for our customer remember us. And we also put our contact number for an easy access.

Making those all presentation is not really easy you have to do a lot of research in order to come up a better presentation. And we are still continuing doing our script for our presentation this Monday. We really do our best because we want to have a better and remarkable presentation.

”There are no secrets of success. It’s is the result of preparation, hardwork and learning from failure.” That is what we are doing now we are preparing, doing our best and learning our failure from our past presentation for our upcoming SUCCESS. And we are happy doing it now.

David Rockefeller said “ Success in business requires training ,discipline and hardwork. ” That quote made me think that all the things we did from the previous week is really part of our success as a group .I know that we are far from what they said success but we as a team are determined that for the near future we will be one of the successful entrepreneur in the world.

         For this week, we made a slides for our pitching for the next meeting and we really find it hard, since you have to think what is the best thing to do in order to attract investors and also customers. We need to consider a lot of things like making catchy phrases and most importantly making a whole slides that can fit for just a limited time. And we as a team exchange ideas on how we can accomplish that task. We are not just doing a slides for pitching but we also did a computation for our cost, revenue and profit. And for me it is very hard because you are not just computing it directly you have consider the price of the materials that you are going to use, the expenses for making the product and think for your possible profit . You need to consider those things because you are not just doing this business to lost money, you are doing this to make money out of it. But, the most important thing we did for this week was finalizing the circuit, the features and its functionality.

         We are instructed to interview some of the resellers in order for us to get some ideas:

Question 1: How they handle customers?

Answer: They said that in talking to customers you need to control yourself, avoid arguing to them because you may lost your potential customers. Let the customers talk and show some respect to them and show them that you really care. And most importantly don’t make promises that you can’t keep.

Question 2:  How they introduce their product to their customers?

Answer: They don’t introduce your product directly you need to build connections with your customer first. And if your talk got more interesting that’s the time that you are going to introduce the product. But, there are instances that they introduce the product first and do some back up phrases to convince them buy the product.

Question 3: What are their strategies on making their customers buy their product?

Answer: there are lot of strategies they do like making your product more interesting. Doing a best pitching to convince the customers well. Assure that the product really solve the problem they have. And by showing to them the features of the product.

Question 4: How they overcome failure?

Answer: Mistakes will happen, things will spiral out of your control, and deadlines will be missed. Yes, it will hurt, and yes, you’re allowed to be sad, but that doesn’t mean it’s the end of the world. You are not going to fail all the time, sometimes you just need to put a greater effort in order to succeed. They are just always positive.

Question 5: How hard it is doing that kind of job?

Answer: According to them it is really hard since they meet different kind of customers like angry customers and you need to make some strategy to make them buy the product. But the most important thing to convince customer is by building good relationship with them.

Question 6: What are the advantages they get with that type of channel among others?

Answer: They can introduce the product and explain the product well. You are going to meet them personally and get to know their interest since it is very important considering you are going to target first the interest of the person and after that start thinking of an idea on how you are going to sell the product to them

 Through our interview with those resellers we conclude that it is not really easy doing their jobs since you are going to encounter different kind of customers and there are lot of challenges doing that kind of job. Like what Steve Jobs said that “ Customers don’t measure how hard you tried. They measure you on what you deliver “, that is why we really do our best to deliver a product with a good quality and a product that is really effective in terms of resolving the problem we addresses. And we hope as a team that we can do that job successfully through learning from those people we interviewed.