Author Archives: Dale Ting

The MVP episode of the EntreAsians podcast!

It’s out! The very first attempt at a podcast episode. I’m calling this my MVE: Minimal Viable Episode. It came out better than I expected, and was a great learning experience. I think it actually has some value, especially for people who want to see behind the scenes on what it takes to do a podcast. Hope you enjoy! More on the way…

Click here to hear the episode

Scenes from the 2017 EntreAsians Retreat

On Saturday January 21, we had our second ever EntreAsians retreat in Orange County, CA! It was a great crowd, ranging from wantrepreneurs to semipreneurs to new full time entrepreneurs. We had students, recent graduates, and young looking older people!

Thanks to Rebecca Okamoto of Evoke.pro for teaching entrepreneurs how to pitch, Emily Liu and Kim Matsudaira for telling us about Dragonfruit Media (and making us all crave Malaysian food from one of your videos), and Farzana Nayani for informing us about minority business certifications.

After the session, we all went to Season’s Kitchen in Anaheim (the subject of one of Emily and Kim’s videos) and got the VIP treatment from fellow EntreAsian Khim Teoh:

We got a great behind the scenes tour of how a restaurant operates, and the story of Khim’s entrepreneurial journey.

Here are some takeaways from our participants:

“The opportunity is solving a problem that everyone is having. Entrepreneurship is not an all or none proposition, a side hustle is a great place to begin.”

“People have been telling me to do the minority business certification for a while but I didn’t quite know what to do with it. Good to know I have someone who can help!”

“Goals in 10 minute increments!!! That has been my mantra the past few days – and it works.”

“I like the pain points, that stuck with me.” (Referring to identifying pain points as something to build a business around)

“There’s a big opportunity to develop a starter kit or a startup bootcamp.”

“Sometimes the knowledge that we take for granted (e.g. note taking apps, or payment options) is something that other people know very little about.”

If you’re an Asian American entrepreneur, or want to be, join our Facebook community and/or our mailing list. More great content and events to come!

Our second EntreAsians retreat!

Happy to announce our second EntreAsians retreat will be Saturday, January 21 at 2 PM in Costa Mesa, CA. Click here to sign up. And check out scenes from our last retreat here.

Here’s the info:

Join your fellow entrepreneurial Asians at our 2nd EntreAsians retreat! We’re limited to 25 people, so sign up now! It will be hosted at the clubhouse of the Eaves South Coast apartment complex in Costa Mesa. Here’s the agenda:

How to be an entrepreneur with no ideas, no time, and no money (Dale Ting)
How to pitch who you are, what you do and how you’re unique (Rebecca Okamoto)
MasterMind #11 with Dragonfruit Media (Emily Liu, Kimberly Matsudaira)
Networking Dinner

Descriptions of topics:

HOW TO BE AN ENTREPRENEUR WITH NO TIME, NO MONEY, AND NO IDEAS

There are so many benefits to entrepreneurship. You get to be your own boss, do what you want to do, and of course make money. I do it for time, location, and financial freedom.

But most people will never take those steps to become an entrepreneur. I call them “wantrepreneurs.”

There are three reasons why people don’t start a business:

They don’t have time because they (work too much/have 10 kids/are too busy)
They don’t have millions of dollars and don’t know of any VC’s who will give them millions of dollars
They don’t have any good ideas.

Well, those are all myths. You can start a business with no money, no time, or no ideas. It’s a change in mindset and a few mind hacks. You’ll learn about atoms, electrons, and energy as well as MVPs that aren’t Lebron James (too soon? Should I say Steph Curry?). You will take the first steps towards starting a business at this workshop, and with the help of the EntreAsians community, get the support and help you need to be successful!

HOW TO PITCH WHO YOU ARE, WHAT YOU DO, AND HOW YOU’RE UNIQUE

What if you could pitch with more confidence and success?

Communicating your value proposition is critical to launching your business, attracting customers and closing deals.

But pitching is a skill few people have mastered. Every day great ideas and products go undiscovered just because of a bad pitch.

Don’t take that chance with your business.

If you’ve ever struggled with your pitch and thought, “Why don’t they get it?” then join us.

Rebecca Okamoto from Evoke Strategy Group will give a pitch workhshop called, “How to pitch who you are, what you do and how you’re unique”

She’s helped entrepreneurs pitch to Fortune 500 companies in 10 slides or less!

Want a sneak peek? Here’s a post from Rebecca’s blog: https://evoke.pro/articles/211/

MASTERMIND #11: DRAGONFRUIT MEDIA

Every month or so we do an open Mastermind Meeting. A Mastermind Meeting, according to Napolean Hill, is:

“The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony. No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind, the mastermind.”

We feature one venture in the “hotseat” who presents their venture, and the audience has a discussion and provides feedback to help them out. The presenters also help inspire the rest of us to take action as well. This time, we have Dragonfruit Media with Emily Liu and Kimberly Matsudaira live!

Dragonfruit is a social media channel dedicated to bringing the best of Asian and Asian American culture through bite-sized videos.

Finding a lack of positive representation of Asians in mainstream media, Emily Liu and Kimberly Matsudaira teamed up to start this channel and hope to share compelling Asian stories through food, travel, and other categories.

MINORITY BUSINESS CERTIFICATION. WHAT IT IS AND HOW TO USE IT TO YOUR ADVANTAGE.

Description coming soon!

The future of EntreAsians

Being a full time solopreneur was lonely. I was living at home with my parents, 8 months after I went into solopreneurship full time. My parents were happy to have me, and it was fun having my new nephew sleeping, pooping, and crawling around during the day. But one quote stuck out in my head: “You are the average of the five people you spend the most time with.” I’m sure there’s zero scientific proof of that, but as they say about mathematical models – they’re wrong but useful – I took this “fact” to heart. As much as I love my mom, dad, and nephew, to be a successful entrepreneur I needed to surround myself with a community of entrepreneurs like me.

So I filled my brain with entrepreneur podcasts like Smart Passive Income with Pat Flynn, the Solopreneur Hour with Michael O’Neal, The Amazing Seller with Scott Voelker, and Startup by Gimlet Media. That took care of a good chunk of my five. But I also wanted a community I could interact with, that would get me even more. That would be a community of Asian entrepreneurs, because we have similar experiences, for example doctor, lawyer, engineer, or failure syndrome. So on June 5, 2015, I started a Facebook group for Asian Entrepreneurs.

The group went through many iterations of names, from “Community of Entrepreneurial Asians” to “EntAsians” and settling on “EntreAsians,” and many iterations of missions, settling on “To help Asian Entrepreneurs find fulfillment through entrepreneurship.” As of this post, we’re at 315 members on our Facebook group, we’ve had 8 open Mastermind calls, and a retreat in San Francisco.

Last week, I went to the Thrive conference, a conference for entrepreneurs. The theme was “Make Money Matter” – a great tagline. You want to make money, but you want to make it matter. It encouraged for purpose businesses, where you include giving back to the the world in your business model. I love that idea – it’s a win win situation. I figured this was the perfect philosophy for EntreAsians.

So this is the point where you would think I would present to you what my plans are for the future of this group. Well, I don’t have any concrete plans. Let me tell you what I’m going to do instead in one word: meta. Let me explain.

The Startup Podcast is  “a podcast about the starting of my podcast company. Meta, I know,” says Alex Blumberg. I had to look up the word “meta”: it means “referring to itself.” I think meta is awesome. It’s the ultimate behind the scenes look, the “factory tour” that I love to do. That’s what I want to do next with EntreAsians.

At a workshop I did in July, I wanted to illustrate getting yourself out there and failing. So I did a short stand-up comedy routine. I’ve never done one before in my life, and what a better way to demonstrate failure by doing it for the first time in front of a crowd. I did four jokes, and as expected, two of the jokes bombed. But the surprising thing was two actually got laughs. I had exceeded my own expectations.

So, I’m going to bring you all for the ride and show you what it’s like to try to turn EntreAsians into a for profit, for purpose company. I’m sure I will document plenty of failures along the way, but hopefully those failures will show you all it’s all part of the process of finding fulfillment through entrepreneurship. And maybe – just maybe – it’ll be better than I expect.

 

 

 

Scenes from our 2016 EntreAsians retreat

Thanks to all of you who joined our 2016 EntreAsians retreat in San Francisco! We started off at Mike’s apartment in downtown SF, and ended up at the Ferry Building on the bay!

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For those who didn’t make it, here’s a summary of what we learned…

How to say who you are and what do you in 20 words or less – Rebecca Okamoto

Rebecca was nice enough to summarize everything she taught us in a nice LinkedIn blog post, who she wrote just for us(?) We learned about writing and presenting to ONE person only (people will later think you wrote it just for them and you can say of course!). We also learned the difference between benefits and features.

Why a steady job to entrepreneurship makes financial sense – Dr. Ben Wang

Ben had us all whip out our iPhone calculators and we went through an exercise that showed us why entrepreneurship pays out over the long run over a steady job…. even a doctor!

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Podcasting from a man who knew nothing about podcasting 3 months ago – BJ Kang

BJ Kang, of The American Voice Podcast fame, showed us behind the scenes of creating a podcast. We even did a sample recording, which he edited in real time in front of us. Check out his podcast where he interviews Asian entrepreneurs (including me in episode 4!).

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Sourcing, selling, and marketing a physical product on Amazon – Dale Ting

I gave the crowd a quick rundown on how to research a product, how FBA (Fulfillment By Amazon) works, and how to source a private label product. Or, you can even start by buying things on sale or only locally available and turning it around and selling it on Amazon (retail arbitrage). The Amazing Seller podcast is the best way to learn how to sell on Amazon.

 

A great time was had by all! Hope to see you at the next one.