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ENGLISH Effectuation in Action - Myburger Lab PDF
ENGLISH Effectuation in Action - Myburger Lab PDF
© Wadhwani Foundation
myBurgerLab
FAST GOURMET
FOOD FOOD
© Wadhwani Foundation
Start with your means, rather than spend energy on defining
and refining pre-set goals. Capitalize on the resources at hand.
© Wadhwani Foundation
START WITH YOUR
MEANS
After pulling RM200,000 (USD 45085)
in startup capital from friends and family
– since this was not enough to start off
in a swanky location with high traffic,
they started myBurgerLab from an old,
run down shop where the rent was low.
They believed that good burgers would
bring the traffic they need. They were
right.
© Wadhwani Foundation
WHO I AM
Teo Wee Kiat, 26
Accounting and Finance Major
Chin Ren Yi ,33
Mechanical Engineer
Cheah Chang Ming, 30
Mechanical Engineer
© Wadhwani Foundation
WHAT I KNOW
Without any background in culinary
sciences, they decided to start with
burgers, which seemed to be the easiest.
They picked promising recipes online
and improvised! Their signature sauce is
a result of a Google search: “best sauce
to have with fries”, while the black buns
were accidentally created with
charcoal powder.
© Wadhwani Foundation
WHO I KNOW
© Wadhwani Foundation
IMAGINE POSSIBILITIES
© Wadhwani Foundation
START WITH YOUR WHO I AM WHAT I KNOW
MEANS One business graduate and two Without any background in culinary
mechanical engineers sciences, they decided to start with
After pulling RM200,000 (USD 45085)
burgers, which seemed to be the easiest.
in startup capital from friends and family
Young, well-traveled foodies, with a liking They picked promising recipes online and
– since this was not enough to start off
for high-quality international fast food, improvised! Their signature sauce is a
in a swanky location with high traffic,
which they did not find at Malaysia. result of a Google search: “best sauce to
they started myBurgerLab from an old,
have with fries”, while the black buns were
run down shop where the rent was low.
accidentally created with
They believed that good burgers would
charcoal powder.
bring the traffic they need. They were
right.
They worked at Red Bean Bag Cafe to get
experience in the food service business.