BGN Entrepreneur

The recent advertising campaign of HTC, which used to be one of Asia’s most promising new brands, features skydivers plummeting to earth while filming the ride on their HTC smartphones. Now the company is perhaps too apt an analogy for its recent poor results.
Second-quarter sales of HTC dropped by 27% as the company gradually loses its postions in taking an early lead in making Android phones. And the company expects them to fall further to as low as T$70bn in the third quarter.

If you are looking to become a successful entrepreneur, there are 13 things you should do on a weekly base:
1. Aim in one fixed direction during your daily work and management;
2. Keep motivating your own team of staff to work effectively and efficiently;
3. Spread the core value of your business among the inside person as well as outsiders;
4. Spend at least 75% of your time on developing competitive products or service;
5. Remember to focus on analysing the data from the market;
6. Spend appropriate amount of time and energy in gyms to obtain physical fitness;
7. Be willing to obsorb feedbacks and suggestions;
8. Leave your office on a regular base to stay well connected with the real-world;
9. Make friends via microblogging or on different social networking sites;
10. Master the cash flow of your own business;
11. Standing in the angle of the investors to measure your own work;
12. Stay happy and stay possitive at work, no matter what kinds of obstacles you face;
13. Love everything around you.

More companies today are making their moves to join the mobile payments rush with the the mobile payments market finally moving into the mainstream and becoming more lucratively profitable. In the past week, Wal-Mart and Starbucks both announcing their plans to make it easier for the customers to pay with smartphones.
PayPal predicted that by 2016 people in the field would no longer need to take their traditional leather wallet with them when on shopping due to the launch of mobile wallet projects.

When the rest of the world is waiting eagerly for the launch of the iPhone 5 in September, China Mobile, which is the biggest mobile carrier by users in the world, is still expecting for an iPhone version that could work on its mobile internet network.
After the results of the wireless operator indicated that the company went on to be held back by a homegrown 3G technology that no other mobile network in the world adopts, shares in China Mobile suffered the biggest one-day fall in a year, dropping by 5% yesterday.

In the latest round of legal wrangling over the lucrative market sector of premium coffee, the Swiss food and beverage company–Nestlé has just lost a bid in the Düsseldorf’s regional court to stop two competitors–Ethical Coffee Company and its distributor Betron from selling coffee capsules that were marketed as fitting Nespresso coffee machines.
According to the court, it was argued that in purchasing a Nespresso machine, the consumer also acquired right to operate the device as he/she felt fit, which means that they have the right to use the machine with capsules produced by other manufacturers. Besides, the court also added that although the coffee capsules were essential for the functioning of a Nespresso coffee machine, they were neither a core component nor a “special feature” of the invention.

The world’s biggest retailer by sales–Walmart is currently slowing down its pace with opening of new stores in China and Brazil after admitting the company had made mistakes and let profitability slip in its haste to expand.
According to Walmart’s CFO–Charles Holley, it was said that the company has gotten ahead of itself. However, it is also stressed out that the decision of slowing down expansion was not a response to slowing economic growth in China and Brazil or to allegations of corruption in Mexico.

Tencent, which is China’s biggest internet company, showed investors again that the company looks unassailable.
With $55bn market capitalisation and counting, Tencent is China’s equivalent of Facebook, MSN Messenger, Zynga and Blizzard Entertainment all rolled into one. The company just reported its first-half revenue growth of 54% from 2011. While China’s market is supposed to be slowing down, Tencent’s net income was up by 1/6 due to its huge user base.