Gogme Learning: Learn To Be An Entrepreneur Through The Co-Creation Of Small Businesses

Can entrepreneurship be taught? In Gogme, we believe the best way for a person to learn entrepreneurship is by being an entrepreneur. Some things in life you can only learn by experience and entrepreneurship is a constant state of discovery. Gogme Learning Alfa is the first global entrepreneurial initiative where entrepreneurs can learn entrepreneurship through business ownership, online participation, implementation of business ideas, social networking, decision-making, interacting with business mentors, managing businesses via a business excellence framework and getting explicit business knowledge of various industries.

Anyone who aspires to be an entrepreneur can become a co-owner of Gogme LA together with thousands of aspiring entrepreneurs around the world. Through large scale collaboration, Gogme LA allows you to co-own and co-manage various business ventures of different trades in several countries over the internet at the same time.

• Create multiple market test platforms for various industries to test business ideas
• Create a wide array of small businesses to give co-owners explicit business knowledge in different trades
• Encourage co-owners to start related businesses that Gogme LA and the online community can provide assistance
• Allow co-owners to bid for franchises or takeovers once the co-created small businesses become profitable and sustainable

Feel free to look through Gogme LA interim roadmap to have an overview of the likely events when co-ownership registration opens.

Back to Top

Multiple market test platforms for various industries

Gogme LA will setup multiple market test platforms for business ideas of various industries. These market test platforms will allow the online community to test products/services in the real market at an affordable cost. In this way, more interesting business ideas contributed by the community can be implemented. The market test platforms will provide paid services and consultancy for other companies to market test their products/services as well. This will provide secondary revenue instead of fully relying on the contributed business ideas to work and turn profitability. If your idea is not selected to be implemented or you prefer to go forward and start a business by yourself, you can still use the paid services to market test your idea.

Feedback and validation from the social network and targeted market

The luxury of having a social network of co-owners and site members will allow the validation of the marketing strategies and business plans. Additional feedback through internet survey and online focus groups from the target market is possible. The operation team can get feedback from potential customers as well. Different price-points can be proposed to potential customers to see how much they are willing to pay for the products or services. Various marketing messages and promotions can be tested before launching a full advertising campaign.

More info: Blog post on Market Test platform

Back to Top

Legal ownership is essential to the entrepreneurial dynamic in a commercial setting. Without ownership, an individual is simply selling his or her time. Join us as a co-owner and you will be given the opportunity to own a legally cognizable ownership stake of Gogme LA.

Initially, business ownership is structured through a nominee shareholder service. A nominee shareholder agreement is a perfectly legal device to allow someone to own a business entity. Typically, nominee shareholder service is designed for foreign individuals who wish to incorporate a company in a particular country where the company law needs a local resident as the shareholder. It is also ideal for individuals who would rather not disclose their interest or association with a given corporate body.

After the first year, there will be a poll to vote for direct ownership. If a supermajority vote for direct ownership, Gogme will assist entrepreneurs to register their ownership through the country’s business registrar.

Gogme LA acts as a holding business entity which will own and control various business operating entities created by the community. As the holding entity will not conduct any actual business functions, business liabilities and risks associated with ownership are kept to the minimum.

More info: Blog post on Nominee Ownership and Direct Ownership

Back to Top

Communication is an essential part of business management. Gogme will provide a private business networking platform with social networking capabilities for business collaboration between co-owners and staff.

Back to Top

Decision making is another key component of a business. Co-owners of Gogme LA are given the power and control to make business decisions and policies over the internet through internet poll.

(Vote) In Gogme LA, most business decisions and policies are made collectively by co-owners through voting over internet.

(Action) The Operation Manager and staff will carry out decisions made by co-owners.

(Feedback) The Operation Manager will update daily business blog detailing business activities and challenges.

Progressively, co-owners will know how their collective decisions shaped the business.

Back to Top

Business excellence is the use of quality management principles and tools in business management. It is the systematic improvement of business performance based on the principles of customer focus, stakeholder value, and process management. As a co-owner of Gogme LA, you will learn how to manage businesses through an internationally benchmarked business excellence framework.

Back to Top

Managing businesses in one trade can be different from another. Different industries offer different business opportunities. Depending on the business ideas selected for implementation, it is possible for co-owners to own and manage a retail store, an IT firm, a travel agency, a restaurant, a shipping company or any other type of businesses all at the same time! Whether it is a brick and mortar business or an internet-based business, the possibilities are endless. Let's uncover the vast business opportunities together!

Back to Top

Learn as you participate

Through participation in collective decision making and various business activities, you will gain valuable business knowledge, experience and skills to start your own business!

Learn to do business in various Asian Countries

Gogme LA will concentrate on business startups in the emerging markets of Asia. Gogme LA will start its operations in Singapore and progressively venture into other Asian countries.

Singapore is ranked 1st for its ease of doing business in Asia by both The World Bank Group and PricewaterhouseCoopers. The World Economic Forum ranked Singapore as the most competitive economy in Asia in its 2006-2007 Global Competitiveness report; while globally, Singapore rank second after the United States of America.

Singapore has established itself as a reputable financial centre, a key regional trading centre, the world's busiest port and a top location for investments in Asia Pacific.

Learn from Business Mentors

Business mentors are invited to interact with co-owners through the business networking platform. Co-owners will receive suggestions and advice from business mentors with experience in entrepreneurship, marketing, accounting, laws and other business related expertise.

Back to Top

100% of the net profits will be shared among co-owners

All profits derived from the operating entities will be channeled back to the holding entity and redistributed to co-owners in proportional to their initial capital contribution.

Franchises & Takeovers

Earn points through your active participation in voting, forums, ideas submission, etc. Use these points to bid for opportunities in business takeovers and franchises! You will enjoy great personal satisfaction and limitless financial rewards when given the opportunity to fully-owned and manage a franchise or a sustainable business.

Uncover new business ideas and opportunities

Through the interaction with other entrepreneurs and the delivery of quality business information, you may find new business ideas, business partners and opportunities to start your own business venture!

Risk diversification and Fail cheaply

Gogme learning will allow entrepreneurs to experiment with business ideas and fail cheaply. “Failure is the opportunity to begin again, more intelligently.” Henry Ford. Gogme LA keeps failures and mistakes to the minimum by getting the opinions and decisions from the community of entrepreneurs through internet poll.

In the business world, there are many unforeseen risks and difficulties. Risks taking cannot be taught, however if we can face these difficulties together, our risks will be diversified and the valuable experience can be put to good use when you ultimately start your own business.

More info: Blog post on Bidding for franchises

Back to Top

To allow fair and equal opportunities for all co-owners, each co-owner is limited to contribute a maximum of USD $200 to the startup capital. There are two types of co-ownership structures available based on the contributed startup capital.

Ordinary Co-owners: For Entrepreneurial Learning

If you are keen to learn entrepreneurship with an online community, ordinary co-ownership will be ideal for you. It costs a fraction of any available entrepreneurial courses and allows you to be involved in the management of real businesses. You will enjoy profits from the co-created business ventures and market test platforms as well.

Premium Co-owners: For franchises opportunities and a larger share of profits

Premium co-owners are for site members who wish to have a better chance of gaining franchises opportunities and a larger share of profits. To be eligible for premium co-owners, you will need to refer at least 4 friends to become site members. You can create or join group bids on franchise opportunities. There is a +0.5 bid bonus for your bidding in franchise opportunities as well. There is a promotion for referring friends to become co-owners. If you refer 4 friends to become co-owners, you will receive a 50% rebate off the collective fees.

Back to Top

We have placed the rates in US dollars in our website as the global net citizens are more familiar with the US currency. However, since we are doing business in Singapore for our first business venture, all startup contribution collected will be in Singapore dollars. We have pegged the value of USD$100 to SGD $150.

Collective Fees

The collective fees comprises of the following:-

1. Legal and administrative Fees

Legal and administrative Fees include costs to draft out and process the business partnership agreement.

2. Nominee Shareholder Service

We are able to provide the nominee shareholder service at a very low rate due to the economics of scale. There are no yearly fees for this service for a guarantee period of 2 years, from the third year we will review the continuation of the service.

For your information, a typical nominee shareholder service may cost up to US$200 a month. Most nominee shareholder services require a refundable deposit of up to US$3,000.

	Ordinary Co-ownership	Premium Co-ownership
Startup Contribution	US $100 (SGD $150)	US $200 (SGD $300)
Discounted Rate on Collective Fees (For site members who pledged before the opening of registration and remit contribution within the first month )	US $75 (SGD $100)	US $150 (SGD $225)
Normal Rate on Collective Fees	US $90 (SGD $135)	US $180 (SGD $270)
Eligible criteria	Opens to All	Invite at least 4 friends to become site members
Voting Power	1 vote	2 votes
Share of Profits	1 share	2 shares
Additional Benefits	Nil	Group Bidding Create or join group bids on franchise opportunities +0.5 Bid Bonus for bidding in franchise opportunities
Promotion	Nil	50% Rebate off Collective Fees by referring at least 4 friends to become co-owners

Total Contribution to become co-owner for site member who pledges before the opening of co-ownership registration

Total Contribution to become an Ordinary Co-owner =
= Startup Contribution + Collective Fees
= US $100 + US $75
= US $175

Total Contribution to become a Premium Co-owner =
= Startup Contribution + Collective Fees
= US $200 + US $150
= US $350

Back to Top

Join a pro-business online community now. Be part of the internet history; join the first Gogme through Gogme Learning Alfa!

Create a free account and Pledge to become a co-owner of Gogme LA today! By pledging, you will enjoy discounted rate in collective fees when registration opens.

Upon co-ownership registration opens, entrepreneurs who have pledged previously can start to remit a low startup-contribution and collective fees. Let Gogme Learning be the starting chapter of your route to entrepreneurship!

Back to Top