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Activity for Shaun Teh

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Proposed Experiment

  Lean Phase: Solution Assumption: People are willing to pay for a budgeting system that enables them to grow or diversify their business. Time Box: 4 Weeks Success Metric: % of people are willing to pay for a budgeting system. Criteria:   Green light: Utility test more features of the MVP, and find what channels we can distribute our solution through. Success Point: 70% of people who are pitched the MVP see value in what we offer, and are willing to pay for it....

Shaun Teh
by Shaun Teh
2 Votes
Comments 2
Shaun Teh

[EXPERIMENT RESULTS] Financial Institution - Solution Experiment - July 2019 Reference to Experiment Design post: https://projecteverest.crowdicity.com/post/2092360 Lean Phase: Solution  Assumption: FIs have particular features that they require in the financial documentation they acquire from customers. Success Metric: The % of FI’s that give features which inform an MVP based on improving customers financial management and documentation.   Results:  60% of FIs gave us...

Shaun Teh
by Shaun Teh
3 Votes
Comments 0
Shaun Teh

Lean Phase: Solution Assumption: FIs have particular features that they require in the financial documentation they acquire from customers.  Time box: 1 week Success Metric:   % of FI’s that give features which inform an MVP based on improving customers financial management and documentation.   Goal: Speak to 8 FI’s  Criteria:  Success point:  50% of FI’s provide features that inform an MVP based on improving customers financial management and documentation.  Green light:...

Sophie Richardson
by Sophie Richardson
2 Votes
Comments 1
Sophie Richardson

Reference to experiment post: https://projecteverest.crowdicity.com/post/1833520   Lean Phase: UVP Assumption: FIs operating in Fiji see value in increasing their customer base and are willing to work with PEV to do so, who will act as the bridge/middle-man between micro-businesses wanting loans and the FIs who can provide them. Success Metric: The % of FIs who we have identified as early adopters and agree to have a meeting with PEV for further discussion in the next week....

Kenneth C
by Kenneth C
2 Votes
Comments 1
Kenneth C

  [JUL 19] Customer Segment Experiment Results - Financial Institutions - SoCon 2 Fiji Link to the experiment Design Post:  https://projecteverest.crowdicity.com/post/2002280 Lean Phase: Problem/Customer Segment  Assumption: FI’s can be a potential early adopter for PEV. They: Have identified a problem accessing or profiling customers, thus they are missing out on viable customer segments such as small businesses.  Are aware of the fact that they have this problem...

Shaun Teh
by Shaun Teh
2 Votes
Comments 0
Shaun Teh

[JUL 19] Problem Identification Experiment Results - Micro-Businesses- SoCon 2 Fiji    Link to the Experiment Design Post: https://projecteverest.crowdicity.com/post/2002270 Lean Phase: Problem/Customer Segment  Assumption: Individuals must complete set requirements to access a minimum loan.  Success Metric: % of FIs that have set loan requirements. Results: In this experiment we achieved a green light as we found 100% of FI’s have set loan requirements.  On...

Kenneth C
by Kenneth C
2 Votes
Comments 0
Kenneth C
Adopted Experiment

Lean Phase: Problem/Customer Segment Experiment is to be run concurrently with: https://projecteverest.crowdicity.com/post/2002270 Assumption: FI’s can be a potential early adopter for PEV. They: Have identified the problem of accessing or profiling customers due to poor processes and strict requirements. This means they are missing out on viable customer segments such as small businesses.  Are aware of the fact that they have this problem accessing or profiling...

Kenneth C
by Kenneth C
2 Votes
Comments 1
Kenneth C
Adopted Experiment

Lean Phase: Problem/Customer Segment This experiment is to be run concurrently with SoCon I To be conducted concurrently with:  https://projecteverest.crowdicity.com/post/2002280 Assumption: Individuals must complete set requirements to access a minimum loan.  Time Box: 3 Weeks Success Metric:  % of FIs that have set loan requirements Goal: Interview 10 FI’s Criteria: Green Light: Go on to offer test micro-businesses  Success Point: 60% of FIs have set loan...

Fiona Ye
by Fiona Ye
1 Votes
Comments 2
Fiona Ye
Adopted Experiment

Lean Phase: UVP Assumption: FIs operating in Fiji see value in increasing their customer base and are willing to work with PEV to do so, who will act as the bridge/middle-man between micro-businesses wanting loans and the FIs who can provide them.  Time Box: 1 Week   Success Metric: The % of FIs who we have identified as early adopters and agree to have a meeting with PEV for further discussion in the next week. Goal: Speak to both the early adopters and the early majority...

Jamie Butler
by Jamie Butler
1 Votes
Comments 7
Jamie Butler
Problem

Lean phase: Problem Aim : To identify the most prevalent issues regarding financial management for micro-enterprises, and how these issues inhibit them from successfully running and expanding their businesses. Furthermore, we looked at how these issues restrict financial institutions from accessing customers.  This post will look at the big picture of the problem, issues and external factors for businesses and financial institutions and the critical future actions that need to be...

Jack Yeung
by Jack Yeung
4 Votes
Comments 1
Jack Yeung
 

Shaun Teh

Penang, Malaysia

Joined this community on Apr 22, 2019

University or Company
UniSA

Degree or Work area
Business

Country you Trekked/are Trekking in
Fiji

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