Thursday, July 10, 2008 facilitates anyone to join a free business-oriented social network to discuss business ideas and network with other aspiring entrepreneurs

What Company Is Offering: facilitates anyone to join a free business-oriented social network to discuss business ideas and network with other aspiring entrepreneurs.
It enables the community to take business ideas to the next level. Aspiring entrepreneurs of the online community can become co-owners to implement interesting business ideas, own and manage a business entity together, profit from the business ventures created and be rewarded with franchise or business takeover opportunities!

How It Works:

Members are encouraged to contribute their business ideas. The best business ideas selected through internet voting will be implemented through the online community. The online community makes collective decisions on business planning, marketing and other business activities through internet polls and forums. Real life business staff will follow and carry out these decisions. Through business blogs and twitters, the operation manager will update daily business activities and challenges faced. Business mentors are invited to give advice so that entrepreneurs can make the best decisions. Progressively, entrepreneurs will know how their collective decisions shaped the businesses.

“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. Through a fun and participatory approach in imparting business knowledge and skills, we hope to facilitate entrepreneurial learning in a whole new way,” says site co-founder Lance Lim.

In addition to the free networking service, anyone who wishes to take actions and turn ideas into reality can contribute a low startup capital of US$100 to become a co-owner of a business entity that is collectively owned and managed by an online community. Learn to be an entrepreneur with the community through a combination of 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.

With Gogme, 100% of the net profits derived from the businesses created by the online community will be shared by the co-owners. The Gogme Points System rewards entrepreneurs with points for submitting business ideas, referring friends, participating in online discussions, internet polls and other online activities. Points can be use to bid for business takeovers and franchises at reasonable rates. You have a higher chance to win in the bidding if the business takeovers or franchises were formed by the implementation of your idea. As such, an idea contributed by you, implemented by the online community, eventually comes back to you as a sustainable and profitable business for takeover or franchise!

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