retechto ibidbroker with ajay jain
DESCRIPTION
RSVP to the next meetup at http://retechto.ca/ As seen on CBC and in the Financial Post, iBidBroker.com is Canada's first site designed to connect sellers with the real estate agent of their choice. Ajay will hold an interactive Q&A and share his experiences in launching this site, the massive public response and his thoughts on current issues affecting the industry. Filmed at the Real Estate Technology Toronto meetup, GTA's largest discussion group for real estate professionals, on July 13, 2010.TRANSCRIPT
Innovationand
ExecutionAn Open Discussion
July 13th, 2010
Ajay K Jain, MBA HBScPresident & FounderiBidBroker.com
Innovation
Definition
What is Innovation?
Ideas
What Makes Something a Good Innovation?
Brainstorming
Be Open Minded Don’t Brainstorm Knowing the
Answer
Talk to Other Entrepreneurs
Mistakes Made During Innovation
Lack of Research Due to Fear that Other’s have done
this Already
Fear of Rejection or Errors Other People Might find Holes in your
Idea
Making Sure There is a Market Don’t Invent if there is no use for it
Execution
Have a Plan
Set a Deadline. Adhere to it
Create a Scope of Work Document Have all your requirements outlined
Gather and Allocate Resources
Resources & Support
Financial How will you support yourself during
this endeavor Are you using your savings? Are you willing to lose these Savings?
Time Part Time / Full Time?
Family & Friends You must have the support of
everyone around you in order to ensure that your venture is successful.
Be Committed
Do Not Give Up Things might not go as planned. This
is part of being an inventor. You are trying to convert thought into material! It doesn’t always translate.
Be Agile
Be willing to adapt to new thoughts and hurdles You will find that better processes come
along as you are developing a site. You will learn a lot of new things and you might want to implement them as you are developing. This will can change your timeline if you don’t plan!
Reflect
At the end of each week Look back and see what goals were
achieved Look back and see where you could
have been more efficient Look forward to how you will change
things
Never lose sight of the end goal!
Click icon to add picture
Where is Real Estate
Headed?
Competition
Competition is Good! Increases Options and Advances the
Industry
Brings Choice to Consumers
Helps Realtors Establish Worth Not a Price War
Fear
Agents who compete of Price
Value Driven Realtors
Full Service Vs Discount Both Will Co-Exist
7/13/10
Open DiscussionComments, Questions and Thoughts
Thank You For Listening!