Promoting Entrepreneurial Revolution
Monday, April 30, 2012
Is Hyperinflation Coming to US?! Video
Promoting Entrepreneurial Revolution
How could this happen to the world,s most prosperous Nation, the bastion of democracy and capitalism? It is so sad.... having US dollars like Mickey mouse money.... play money? Who is responsible? How could we not repeat their mistakes? Like printing additional $l.2 trillion in new currency (not money) In Bernake, Geithner, Obama we trust...?
How could this happen to the world,s most prosperous Nation, the bastion of democracy and capitalism? It is so sad.... having US dollars like Mickey mouse money.... play money? Who is responsible? How could we not repeat their mistakes? Like printing additional $l.2 trillion in new currency (not money) In Bernake, Geithner, Obama we trust...?
More Video on Eurozone Debt Difficulties
Promoting Entrepreneurial Revolution
These videos would help you better understand all the news about Greece, Italy, Spain, UK and Ireland difficulties and how this impact the world. As a supplier of components to European countries, you would better appreciate why demand has fallen so that you can make the necessary adjustments in your enterprise. These developments definitely affects exports, tourism, electronics, NGO dependent on European donations etc. Better be flexible now and start stretching....
These videos would help you better understand all the news about Greece, Italy, Spain, UK and Ireland difficulties and how this impact the world. As a supplier of components to European countries, you would better appreciate why demand has fallen so that you can make the necessary adjustments in your enterprise. These developments definitely affects exports, tourism, electronics, NGO dependent on European donations etc. Better be flexible now and start stretching....
The Final Turning Video on USA Woes
Promoting Entrepreneurial Revolution
This video supports all other previous videos and documents on prophesy (not on December 2l, 2012) but on the future of US financial system. There is also a reference to movie Generation Zero re stories of cities rise and fall: high, awakening, unravelling, and final turning. It started on Sept 18, 2018. Will it last for another 20 years?
Final Turning Video
Is truth stranger than fiction? Which is the movie and which is the reality? How can all of this happen to USA? The land of many Filipinos dreams.... Is USA still a dreamland?
This video supports all other previous videos and documents on prophesy (not on December 2l, 2012) but on the future of US financial system. There is also a reference to movie Generation Zero re stories of cities rise and fall: high, awakening, unravelling, and final turning. It started on Sept 18, 2018. Will it last for another 20 years?
Final Turning Video
Is truth stranger than fiction? Which is the movie and which is the reality? How can all of this happen to USA? The land of many Filipinos dreams.... Is USA still a dreamland?
Sunday, April 29, 2012
Why the Post on Business Entrepreneurs in Angono?.
Promoting Entrepreneurial Revolution
My Photo study on business entrepreneurs of Angono showed that: l. There are very many entrepreneurs now compared to my younger days. 2. They are more creative and savvy 3. They are ubiquitous.
I have not shown entrepreneurs in other areas of Angono, nor the banks, the hospitals, the drugstores, and other schools which are numerous and big.
Rewind 30 years ago. Angono was largely agricultural. It was very backward. Population was less than 20,000; it had one rural bank. Municipal income was less than 5 million annually. Land was cheap. Farmlands cost between P20 to P30/sm. and developed subdivision land was Pl00.00 (Greenhills was P300.00 and Ortigas CBD was P1,000 per sm. If you had money and enterprising at that time, you could be JG or HS.
Organizing a savings and loan association ( a thrift bank)
1. Thus when we put a SLA, the priest who blessed the thrift bank, Fr. Larredo SJ, said he would really pray for it because he does not see much hope for the new SLA. The rural bank deposit at that time was merely Pl million. Most banks were in Taytay. We put up the SLA after I resigned from my job as drug rep from a major Fil. pharma, one year as AM of a rural bank where my parents were stockholders (only Pl5, 000 paid up). We decided to put up the SLA, after we got stinging words from the majority and officers that the patronage of their townmates in a MM town keep the bank alive. It was a stinging rebuke for my townmates. Maybe a bank from that town for that town was in order.
At the end of first year, the bank had half million in net profits (compared to the RBs Pl50t when I was there) and P5m in deposit vs theirs Pl million. The competition certainly did not make them happy nor made memories with us happy. Because of this development, the Pl5t was bought out for 30x it was original cost.
It was wildly profitable, We became an authorized agent bank of BIR collecting hundreds of millions revenues from Region 4B companies and lived off on 2 weeks of float.
We became a NHMFC originating bank and did Pl00 million of origination a year, second only to DBP, thus it caught the attention of government agency and we were acquired.
Real Estate development
2. After putting up the bank, I took up a real estate broker's reviewer which was sponsored by Laguna Realtor's Board whose president is now the mayor of Calamba city. What was significant there was not the review, nor the REBL which I got, but the mindset of a developer and realtor.
l. We developed a 2 hectare compound and we produced 70 units each one selling for P18t to P35t. Average cut of the lot was 200 to 300 sm. Acquisition cost of the raw land was P22.00/sm with mortgage.
2. We organized Bloomingdale Realty Inc as allied undertaking by the bank as allowed by BP 71 and 72. We acquired a 7 hectare property right in the heart of Angono - between the church and the market, a real town center. We sold lots then at P35t/lot with 70% financed by the bank. Now each l80sm lot sell over a million.
Just to give an idea of value creation, the raw land then earned the local govt P500.00 annually on real estate taxes; now it is about P3t to P5t on each of the 270 lots. It is nearly a million or 200 fold increase. The mayors permit we paid for our group of co at that time amounted to P500,000 per year.
3. We developed a 2 hectare memorial park. People were laughing at us, thinking we were mad.
We sold at P3t each then. Now, it is sold out. The secondary market trades at between P80t to Pl00t. Law of supply and demand.
4. We invested in subdivision development in Binangonan, the next town: Sunnyvale l, 2, 3, Montevilla, Westmont, Montevideo, Mirasolle.
5. I nearly forgot the upscale project we had, Richmond. We bought this from the Lopez. I negotiated with Mr. Oscar Lopez and Atty Quiazon. At P55/sm acquisition cost, I thought it was rather high
People thought we were financed by Ms. Imelda Marcos and in l986, a PCGG agent investigated me on the basis of the rumor. Where o where did you get all the money? Simple financial acumen and ledgermain. And to think that I was a behavioral science major with zero background on finance accounting, civil engineering. How did I do that? The Ateneo MBA helped me a lot, the Divine Providence and the people who believed in me.
Our vision was to be the Ayala of Rizal; but then the 1997 crisis struck, HDMF run out of funds (scammed by a real estate co of a govt VIP?) and we had to alter our vision.
We shifted to memorial parks.
We also had financing companies, a water company, and commercial complex, and a supermarket. I should have controlled the supermarket and went by way of SM. It is one of my biggest mistake when I let my sister take over it and who later on bankrupted it.
Our strategy:
In the beginning, we had no resources; my parents were poor but hard working and thrifty. We had no war chest to speak of to carry these entrepreneurial ventures. We were merely armed with courage, thick face and wild dreams to be great. I recall here Timmons definition of an entrepreneur "BUILDING something from practically NOTHING."
Since we were aping Ayala, it was the same: the triangle offense. The real estate company must have three legs: finance, construction and design, and marketing. You have to have three areas of competence within that organization to be successful. Miss any one of them and you are dead.
My reflection:
I think our early developmental efforts worked in a way to generate:
l Residents and population growth. We were developing bedroom communities but the residents bought goods paid taxes and needed schools for their children, transportation and generated demand and growth.
2. The commercial complex was an anchor development. We became ahead of Muzon and Binangonan in development. It was funny that we were made to wait for 4 hours at offices of McDonald because we were inviting key tenant for Unishoppe and were sneered at. Jollibee is doing fine at Unishoppe. Besides Unishoppe the commercial comples are two banks, SaveMore is besides Unishoppe. Our Unishoppe supermarket closed. Mercury downgraded us too at that time. But there are 2 Mercury outlets in Angono. (the one in Binangonan, near the boundary actually serves the Angono market)
3. The new developments we had inspired other developers and other entrepreneurs. Copycats increased in number. New buildings sprouted; the skyline of Angono changed.
4. I think the bank helped us a lot. We were able to finance a lot of market vendors. I think the bank has the power to create new industries that it support. When were into housing, our interim rate prior to take out was 2% lower than other areas. In no small way did this help the developers in this area, and helped contractors and construction materials suppliers.
No one will acknowledge these, it may appear a chest beating, a boasting post. But that is the way I reflect on this. I guess, I made a dent in the progress of my hometown, a commitment I made when I was awarded a scholarship by Insular Life on community development. I swore, I will pay that back by helping my hometown develop.
My Photo study on business entrepreneurs of Angono showed that: l. There are very many entrepreneurs now compared to my younger days. 2. They are more creative and savvy 3. They are ubiquitous.
I have not shown entrepreneurs in other areas of Angono, nor the banks, the hospitals, the drugstores, and other schools which are numerous and big.
Rewind 30 years ago. Angono was largely agricultural. It was very backward. Population was less than 20,000; it had one rural bank. Municipal income was less than 5 million annually. Land was cheap. Farmlands cost between P20 to P30/sm. and developed subdivision land was Pl00.00 (Greenhills was P300.00 and Ortigas CBD was P1,000 per sm. If you had money and enterprising at that time, you could be JG or HS.
Organizing a savings and loan association ( a thrift bank)
1. Thus when we put a SLA, the priest who blessed the thrift bank, Fr. Larredo SJ, said he would really pray for it because he does not see much hope for the new SLA. The rural bank deposit at that time was merely Pl million. Most banks were in Taytay. We put up the SLA after I resigned from my job as drug rep from a major Fil. pharma, one year as AM of a rural bank where my parents were stockholders (only Pl5, 000 paid up). We decided to put up the SLA, after we got stinging words from the majority and officers that the patronage of their townmates in a MM town keep the bank alive. It was a stinging rebuke for my townmates. Maybe a bank from that town for that town was in order.
At the end of first year, the bank had half million in net profits (compared to the RBs Pl50t when I was there) and P5m in deposit vs theirs Pl million. The competition certainly did not make them happy nor made memories with us happy. Because of this development, the Pl5t was bought out for 30x it was original cost.
It was wildly profitable, We became an authorized agent bank of BIR collecting hundreds of millions revenues from Region 4B companies and lived off on 2 weeks of float.
We became a NHMFC originating bank and did Pl00 million of origination a year, second only to DBP, thus it caught the attention of government agency and we were acquired.
Real Estate development
2. After putting up the bank, I took up a real estate broker's reviewer which was sponsored by Laguna Realtor's Board whose president is now the mayor of Calamba city. What was significant there was not the review, nor the REBL which I got, but the mindset of a developer and realtor.
l. We developed a 2 hectare compound and we produced 70 units each one selling for P18t to P35t. Average cut of the lot was 200 to 300 sm. Acquisition cost of the raw land was P22.00/sm with mortgage.
2. We organized Bloomingdale Realty Inc as allied undertaking by the bank as allowed by BP 71 and 72. We acquired a 7 hectare property right in the heart of Angono - between the church and the market, a real town center. We sold lots then at P35t/lot with 70% financed by the bank. Now each l80sm lot sell over a million.
Just to give an idea of value creation, the raw land then earned the local govt P500.00 annually on real estate taxes; now it is about P3t to P5t on each of the 270 lots. It is nearly a million or 200 fold increase. The mayors permit we paid for our group of co at that time amounted to P500,000 per year.
3. We developed a 2 hectare memorial park. People were laughing at us, thinking we were mad.
We sold at P3t each then. Now, it is sold out. The secondary market trades at between P80t to Pl00t. Law of supply and demand.
4. We invested in subdivision development in Binangonan, the next town: Sunnyvale l, 2, 3, Montevilla, Westmont, Montevideo, Mirasolle.
5. I nearly forgot the upscale project we had, Richmond. We bought this from the Lopez. I negotiated with Mr. Oscar Lopez and Atty Quiazon. At P55/sm acquisition cost, I thought it was rather high
People thought we were financed by Ms. Imelda Marcos and in l986, a PCGG agent investigated me on the basis of the rumor. Where o where did you get all the money? Simple financial acumen and ledgermain. And to think that I was a behavioral science major with zero background on finance accounting, civil engineering. How did I do that? The Ateneo MBA helped me a lot, the Divine Providence and the people who believed in me.
Our vision was to be the Ayala of Rizal; but then the 1997 crisis struck, HDMF run out of funds (scammed by a real estate co of a govt VIP?) and we had to alter our vision.
We shifted to memorial parks.
We also had financing companies, a water company, and commercial complex, and a supermarket. I should have controlled the supermarket and went by way of SM. It is one of my biggest mistake when I let my sister take over it and who later on bankrupted it.
Our strategy:
In the beginning, we had no resources; my parents were poor but hard working and thrifty. We had no war chest to speak of to carry these entrepreneurial ventures. We were merely armed with courage, thick face and wild dreams to be great. I recall here Timmons definition of an entrepreneur "BUILDING something from practically NOTHING."
Since we were aping Ayala, it was the same: the triangle offense. The real estate company must have three legs: finance, construction and design, and marketing. You have to have three areas of competence within that organization to be successful. Miss any one of them and you are dead.
My reflection:
I think our early developmental efforts worked in a way to generate:
l Residents and population growth. We were developing bedroom communities but the residents bought goods paid taxes and needed schools for their children, transportation and generated demand and growth.
2. The commercial complex was an anchor development. We became ahead of Muzon and Binangonan in development. It was funny that we were made to wait for 4 hours at offices of McDonald because we were inviting key tenant for Unishoppe and were sneered at. Jollibee is doing fine at Unishoppe. Besides Unishoppe the commercial comples are two banks, SaveMore is besides Unishoppe. Our Unishoppe supermarket closed. Mercury downgraded us too at that time. But there are 2 Mercury outlets in Angono. (the one in Binangonan, near the boundary actually serves the Angono market)
3. The new developments we had inspired other developers and other entrepreneurs. Copycats increased in number. New buildings sprouted; the skyline of Angono changed.
4. I think the bank helped us a lot. We were able to finance a lot of market vendors. I think the bank has the power to create new industries that it support. When were into housing, our interim rate prior to take out was 2% lower than other areas. In no small way did this help the developers in this area, and helped contractors and construction materials suppliers.
No one will acknowledge these, it may appear a chest beating, a boasting post. But that is the way I reflect on this. I guess, I made a dent in the progress of my hometown, a commitment I made when I was awarded a scholarship by Insular Life on community development. I swore, I will pay that back by helping my hometown develop.
Advice on Strama Paper, Defense and Business.
Promoting Entrepreneurial Revolution
I have noted several invitations:
l. To be a speaker in a gathering for their franchisee in their company from a former student;
2. To be a consultant for a strategic meeting of a medical association;
3. Consulted by several former students on their write up of strama paper and strama defense.
I am honored, grateful this is happening because: I am just an adjunct professor, and I teach entrepreneurship, not strama.
xxxxx
Yesterday, Labor day, I met a fmr student in MM who did not feel confident of his Strama draft. I was not careful not to spoon feed him. I asked him a lot of questions, and on the things he placed in his draft asking him why he placed certain developments as relevant; asking whether there were degrees of freedom in the changing, innovation of the present assets of the business. And I found out that he has most of right conclusion.
What counted in the conversation were: what would panelists ask? What are the critical parts of the strama? What are the dos and dont. Guys like this are really interested to be gurus and be the best they can be. They are the graduates, the masters we would like to have.....
I have noted several invitations:
l. To be a speaker in a gathering for their franchisee in their company from a former student;
2. To be a consultant for a strategic meeting of a medical association;
3. Consulted by several former students on their write up of strama paper and strama defense.
I am honored, grateful this is happening because: I am just an adjunct professor, and I teach entrepreneurship, not strama.
xxxxx
Yesterday, Labor day, I met a fmr student in MM who did not feel confident of his Strama draft. I was not careful not to spoon feed him. I asked him a lot of questions, and on the things he placed in his draft asking him why he placed certain developments as relevant; asking whether there were degrees of freedom in the changing, innovation of the present assets of the business. And I found out that he has most of right conclusion.
What counted in the conversation were: what would panelists ask? What are the critical parts of the strama? What are the dos and dont. Guys like this are really interested to be gurus and be the best they can be. They are the graduates, the masters we would like to have.....
Many Attempt to Scam you Mr. Business Entrepreneur -Beware
Promoting Entrepreneurial Revolution
The series of posts on scams and the creative activity on crimes want to make you Mr. Entrepreneur wannabees and all other entrepreneur that you will be on constant onslaught of well meaning negotiations and --- scams. As Desiderata says...xxx" be cautious in your dealings for the world is full of trickery"
Here is a partial list of those that I experienced:
l. Bulk buyers from a utility company. A syndicate, after a series of meeting in girlie joints, wrangled from us a l0% commission for bulk buyers from a utility company. The ongoing rate for the house and lot package at that time was 3%. The bulk buyers turned out to be only 5.
2. Bulk buyers again. In the memorial park business, I got at least l0 bulk buyers deal, asking even for exclusive agency with fantastic 20% rate. It was good it had a termination clause; good only for 6 months if no results. They expired without any sales. Baaah.
3. Down payment from suppliers. If they ask for down payment without any delivery of anything always demand/require a performance bond or at least PDC, or a surety from a person whom you know. Some of my sad experience:
l. One of the suppliers of furniture, a friend of one of our directors, absconded never to be seen again. It was only fortunate that the director reimbursed us for his friend's scam;
2. We had trouble always with suppliers without performance bond. And oh by the way, impose liquidated damages for delays.
4. We operated a lending company and used to entertain clean loans.
l. A PDC is not a bankable instrument. Many fiscals are now very wary when issuing WOA for bouncing check;
2. Be wary of MM folks who come to you bypassing banks in MM. They must be very poor credit risk.
3. Be wary of Nigerian scam that are of local version: I will bring xxx millions of placement; but can I borrow x amount. I had at least 5 insurance agents who borrowed clean from us never to be seen again.
5. Do not rely too much on excel numbers, rely on the integrity of the individual. Are you comfortable with this guy. Some individuals are: greedy, can not understand Tagalog or English; all they understand sometimes is Money, Money, Money. Beware of these people.
6. Always summarize or make a note or minutes of what you discussed, or what was offered. People have such short memories.
7. Insist on having transactions in the office, not in restaurant or a far away place. Have payments made in your office.
I know of rackets, where goods disappeared transferred to vehicle because payments are to be made away from the store. I had friends going bankrupt to this scheme.
8. I encountered a California land deal of the century, offering cheap lands at Lancaster California. Why would I buy a land in Mojave desert? It is near testing grounds of Lockheed Aircraft and base of US army for tank maneuvers. Why would such land not be bought by Americans? Surely if such were good deals, Californians would grab them? And true enough, on the way to Nevada, I saw the area of land being offered several years back.
I will try to update this post if I recall attempts to scam me.
And by the way, they work through your friends, parents, wife, etc. and they are everywhere....Be careful. Many wear titles and even uniforms..... and you meet them at posh luxurious places....
8. Practice the same diligence when you recruit too. Applicants can scam you. They do not write the right things in their application. Single can mean single mothers...
9. Scam when you sign documents. When you sign checks, vouchers, or documents check them one by one. Ask questions. Do not sign documents in the hallway or in the car. Some of secretaries or officers will dupe you to sign things that may mean your death sentence or additional funds for unknown project. Scrutinize everything.
When we were taken over by another entity.
l0. A loan was released to a company owned by a well known educator from the Visayas. The property had a govt guaranteee (at that time it was a sovereign guarantee) So we did not investigate anymore nor did an appraisal. As it turned out the govt guaranteed loan was secured by a land title of a wateshed - it was inalienable and could not be a valid collateral. Who would shoulder the loss of a loan amounting to millions?
ll. A loan vs account receivable was processed. The borrower has a double A rating, owned a computer co and computer school. It turned out that the invoices for the receivable were non existent or had been paid. The outstanding gentleman never answered the phone calls or collection letter. I guess he is not used to paying his loan. A CI should have been done, but then the CEO shoved in a Loan Officers desk...
12. In another celebrated case that made to the annals of court of appeals.
When a loan is not a loan. The borrower, herein represented again by a famous personality, allegedly a relative of an owner of Chinese bank borrowed in the order of 7 numbers. However, upon the release of loan, he made a Deed ofAssignment of Loan Proceeds in favor of third party and the loan, on the basis of this order assignment, issued the check to the assigneee. However, came collection time, the borrower did not pay. The lender sued and the borrower brought the matter to the court. He claimed he did not receive the loan; the deed of assignment was not a proof he received the money and thus was not liable. He was upheld by the court. Yes he did not owe the bank any single cent. ... beware. No more Deed of Assignment mr. wise guysss. u ha?? you will not get away with these. You will also pay. He who does not pay....
Others:
l3. Beware of endorsing second endorsement checks because of the holder in due course thing in negotiable instrument law. If there is anything wrong with the 2nd endorsement check you endorsed, it you the last touch, the last endorser, who will shoulder the loss, not the issuer. No acceptance of 2nd endorsement check please.
l4. Never sign the PN of even friends as surety. You will pay in case they do not pay. In 99% of the case they do not pay.
l5. It is as bad as lending money to friends, relatives, boy friend or girl friend. Even lending your ATM or credit card. Even the credit card companies with their strong legal team cant collect. In l00% of the cases you will be scammed. They will not pay especially if they borrowed for hospital bills or funerals....
16. The next sure thing is usually not...
17. If it is too good to be true, then it is not...
Be on guard always, for the world is full of trickery.
As is it is the class, even graduates of leading school, even MBAs can scam you. Some will not know the difference between good and bad in making money, because that is the old way of understanding what is the definition of business is .....
The series of posts on scams and the creative activity on crimes want to make you Mr. Entrepreneur wannabees and all other entrepreneur that you will be on constant onslaught of well meaning negotiations and --- scams. As Desiderata says...xxx" be cautious in your dealings for the world is full of trickery"
Here is a partial list of those that I experienced:
l. Bulk buyers from a utility company. A syndicate, after a series of meeting in girlie joints, wrangled from us a l0% commission for bulk buyers from a utility company. The ongoing rate for the house and lot package at that time was 3%. The bulk buyers turned out to be only 5.
2. Bulk buyers again. In the memorial park business, I got at least l0 bulk buyers deal, asking even for exclusive agency with fantastic 20% rate. It was good it had a termination clause; good only for 6 months if no results. They expired without any sales. Baaah.
3. Down payment from suppliers. If they ask for down payment without any delivery of anything always demand/require a performance bond or at least PDC, or a surety from a person whom you know. Some of my sad experience:
l. One of the suppliers of furniture, a friend of one of our directors, absconded never to be seen again. It was only fortunate that the director reimbursed us for his friend's scam;
2. We had trouble always with suppliers without performance bond. And oh by the way, impose liquidated damages for delays.
4. We operated a lending company and used to entertain clean loans.
l. A PDC is not a bankable instrument. Many fiscals are now very wary when issuing WOA for bouncing check;
2. Be wary of MM folks who come to you bypassing banks in MM. They must be very poor credit risk.
3. Be wary of Nigerian scam that are of local version: I will bring xxx millions of placement; but can I borrow x amount. I had at least 5 insurance agents who borrowed clean from us never to be seen again.
5. Do not rely too much on excel numbers, rely on the integrity of the individual. Are you comfortable with this guy. Some individuals are: greedy, can not understand Tagalog or English; all they understand sometimes is Money, Money, Money. Beware of these people.
6. Always summarize or make a note or minutes of what you discussed, or what was offered. People have such short memories.
7. Insist on having transactions in the office, not in restaurant or a far away place. Have payments made in your office.
I know of rackets, where goods disappeared transferred to vehicle because payments are to be made away from the store. I had friends going bankrupt to this scheme.
8. I encountered a California land deal of the century, offering cheap lands at Lancaster California. Why would I buy a land in Mojave desert? It is near testing grounds of Lockheed Aircraft and base of US army for tank maneuvers. Why would such land not be bought by Americans? Surely if such were good deals, Californians would grab them? And true enough, on the way to Nevada, I saw the area of land being offered several years back.
I will try to update this post if I recall attempts to scam me.
And by the way, they work through your friends, parents, wife, etc. and they are everywhere....Be careful. Many wear titles and even uniforms..... and you meet them at posh luxurious places....
8. Practice the same diligence when you recruit too. Applicants can scam you. They do not write the right things in their application. Single can mean single mothers...
9. Scam when you sign documents. When you sign checks, vouchers, or documents check them one by one. Ask questions. Do not sign documents in the hallway or in the car. Some of secretaries or officers will dupe you to sign things that may mean your death sentence or additional funds for unknown project. Scrutinize everything.
When we were taken over by another entity.
l0. A loan was released to a company owned by a well known educator from the Visayas. The property had a govt guaranteee (at that time it was a sovereign guarantee) So we did not investigate anymore nor did an appraisal. As it turned out the govt guaranteed loan was secured by a land title of a wateshed - it was inalienable and could not be a valid collateral. Who would shoulder the loss of a loan amounting to millions?
ll. A loan vs account receivable was processed. The borrower has a double A rating, owned a computer co and computer school. It turned out that the invoices for the receivable were non existent or had been paid. The outstanding gentleman never answered the phone calls or collection letter. I guess he is not used to paying his loan. A CI should have been done, but then the CEO shoved in a Loan Officers desk...
12. In another celebrated case that made to the annals of court of appeals.
When a loan is not a loan. The borrower, herein represented again by a famous personality, allegedly a relative of an owner of Chinese bank borrowed in the order of 7 numbers. However, upon the release of loan, he made a Deed ofAssignment of Loan Proceeds in favor of third party and the loan, on the basis of this order assignment, issued the check to the assigneee. However, came collection time, the borrower did not pay. The lender sued and the borrower brought the matter to the court. He claimed he did not receive the loan; the deed of assignment was not a proof he received the money and thus was not liable. He was upheld by the court. Yes he did not owe the bank any single cent. ... beware. No more Deed of Assignment mr. wise guysss. u ha?? you will not get away with these. You will also pay. He who does not pay....
Others:
l3. Beware of endorsing second endorsement checks because of the holder in due course thing in negotiable instrument law. If there is anything wrong with the 2nd endorsement check you endorsed, it you the last touch, the last endorser, who will shoulder the loss, not the issuer. No acceptance of 2nd endorsement check please.
l4. Never sign the PN of even friends as surety. You will pay in case they do not pay. In 99% of the case they do not pay.
l5. It is as bad as lending money to friends, relatives, boy friend or girl friend. Even lending your ATM or credit card. Even the credit card companies with their strong legal team cant collect. In l00% of the cases you will be scammed. They will not pay especially if they borrowed for hospital bills or funerals....
16. The next sure thing is usually not...
17. If it is too good to be true, then it is not...
Be on guard always, for the world is full of trickery.
As is it is the class, even graduates of leading school, even MBAs can scam you. Some will not know the difference between good and bad in making money, because that is the old way of understanding what is the definition of business is .....
Saturday, April 28, 2012
Just What is Value?
Promoting Entrepreneurial Revolution
A business creates value for customer. Just what is value?
Value is not just adding a mark up on the product; it is not a trader's game of buying low, selling high. There is value when needs of customer is met: meal is served and hunger is satisfied; refreshing drink is drunk and thirst is sated; house for shelter is built, the customer is brought to a desired destination, etc., the disease is cured, the pain is removed. That is value from the point of view of the customer; and value from the point of view of the seller, service provider is the exchange value: the compensation. Value is not created when service or product is defective or of low quality and unsatisfactory to the customer or the user.
Thus every business must have a value proposition or a main value proposition (MVP) which it delivers to the customer, and communicates to the customer through various means/media
Value has three step process:
l. Creation - ideation, creation, conceptualization
2. Delivery: production, delivery, manufacturing, logistics, distribution channel, marketing
3. Capture: sales, POS, collectin
Thus more innovation (new ideas) create more values, more values means more wealth creation.
Thus the NU12 is intended to create more wealth. Entrepreneurs create more wealth because of their new ideas. New ideas create new products that sell, and thus bring more revenues and wealth to the entrepreneurs.
New ideas/values are in the area of: new demand, new satisfaction, new process, new materials, new customers (PTM) new linkages, new customer bonds (refer to the business model canvass by Alex Osterwalder) and new Price. (terms, DP, interest, modes of ownership: lease, lease to own, time sharing, fractional ownership (as with corporate jets)
A business creates value for customer. Just what is value?
Value is not just adding a mark up on the product; it is not a trader's game of buying low, selling high. There is value when needs of customer is met: meal is served and hunger is satisfied; refreshing drink is drunk and thirst is sated; house for shelter is built, the customer is brought to a desired destination, etc., the disease is cured, the pain is removed. That is value from the point of view of the customer; and value from the point of view of the seller, service provider is the exchange value: the compensation. Value is not created when service or product is defective or of low quality and unsatisfactory to the customer or the user.
Thus every business must have a value proposition or a main value proposition (MVP) which it delivers to the customer, and communicates to the customer through various means/media
Value has three step process:
l. Creation - ideation, creation, conceptualization
2. Delivery: production, delivery, manufacturing, logistics, distribution channel, marketing
3. Capture: sales, POS, collectin
Thus more innovation (new ideas) create more values, more values means more wealth creation.
Thus the NU12 is intended to create more wealth. Entrepreneurs create more wealth because of their new ideas. New ideas create new products that sell, and thus bring more revenues and wealth to the entrepreneurs.
New ideas/values are in the area of: new demand, new satisfaction, new process, new materials, new customers (PTM) new linkages, new customer bonds (refer to the business model canvass by Alex Osterwalder) and new Price. (terms, DP, interest, modes of ownership: lease, lease to own, time sharing, fractional ownership (as with corporate jets)
Bob Livingstone Foresees Hyperinflation in USA
Promoting Entrepreneurial Revolution
I had earlier blogs that are videos by Weiss and Lombardi forecasting very soon the financial catastrophe in the US. The cause, as Livingstone sees it is the same for Weiss and Lombardi: huge deficits ($1.3 trillion as of 20ll) vs just $l6l billion in 2007 just before the recession. This is coupled with mountains of debt that US has with foreign countries.
Bob compares the US situation in Germany in the l900 where inflation raged from mere 300 billion to 800 billion times. The $l0b mortgages in 1913 was worth a penny ten years later. Not a good sight for the US dollar, the almighty US green back. It cant be the same as Jap scrip mickey mouse money we used to have in WW II under the Japanese. In Germany.s case, the currency were brought via wheel barrow to buy few goods, or were used to insulate rooms, or burned to keep people warm.
Us dollar has lost l6% of its value in the last 36 months; will it lose more?
China, the largest US creditor is very much worried about its investment in US treasuries. When Sec. Geithner told students in China that their holdings of US securities were safe, he was laughed off. And China wants SDR as the world currency, and even yuan, not the US dollar anymore.
l. What would Americans do?
2. How would they preserve the quality of life?
3. How would they protect their investments?
4. Would there be a repeat of Germany, USSR or Brazil hyper inflation?
5 Are these concerns over, or realistic?
Be the judge.
Will you also Burn your Dollars when there is Hyperinflation?
Bob is selling books and publications too. This blog neither endorses nor opposes such pitch.
I had earlier blogs that are videos by Weiss and Lombardi forecasting very soon the financial catastrophe in the US. The cause, as Livingstone sees it is the same for Weiss and Lombardi: huge deficits ($1.3 trillion as of 20ll) vs just $l6l billion in 2007 just before the recession. This is coupled with mountains of debt that US has with foreign countries.
Bob compares the US situation in Germany in the l900 where inflation raged from mere 300 billion to 800 billion times. The $l0b mortgages in 1913 was worth a penny ten years later. Not a good sight for the US dollar, the almighty US green back. It cant be the same as Jap scrip mickey mouse money we used to have in WW II under the Japanese. In Germany.s case, the currency were brought via wheel barrow to buy few goods, or were used to insulate rooms, or burned to keep people warm.
Us dollar has lost l6% of its value in the last 36 months; will it lose more?
China, the largest US creditor is very much worried about its investment in US treasuries. When Sec. Geithner told students in China that their holdings of US securities were safe, he was laughed off. And China wants SDR as the world currency, and even yuan, not the US dollar anymore.
If there were hyperinflation in USA:
l. What would Americans do?
2. How would they preserve the quality of life?
3. How would they protect their investments?
4. Would there be a repeat of Germany, USSR or Brazil hyper inflation?
5 Are these concerns over, or realistic?
Be the judge.
Will you also Burn your Dollars when there is Hyperinflation?
Bob is selling books and publications too. This blog neither endorses nor opposes such pitch.
Fwd: OFFICIAL WINNING (Scam?)
Scams never end. Do you receive something like this? Winning fantastic sums in lottery that you did not join?
Why do they still exist? Maybe the Lord may look kindly on them and take them away.
How do they get my email?
Why do they still exist? Maybe the Lord may look kindly on them and take them away.
How do they get my email?
---------- Forwarded message ----------
From: Alphonse Ruggiero <ruggiea@sunysuffolk.edu>
Date: Fri, Apr 27, 2012 at 11:19 PM
Subject: OFFICIAL WINNING
To:
From: Alphonse Ruggiero <ruggiea@sunysuffolk.edu>
Date: Fri, Apr 27, 2012 at 11:19 PM
Subject: OFFICIAL WINNING
To:
Your email won you the sum of 1,350,000euros. Email Mrs. Sharon Lee: euromillionlottery502@rogers.com Tel:+601-027-225-49
Fwd: 4 Simple Ways To Double Your Profits Overnight
Here are tips on how you can be a marketing expert. By doing some strategies here, you can:
l. Increase sales, and market share
2. Increase revenues and gross profit.
3. Gain competitive advantage
These are promotional gimmicks like: special offer and discount, special offer in the receipt, referral to a friend. The last one is about reviving "dead" customer.
l. Increase sales, and market share
2. Increase revenues and gross profit.
3. Gain competitive advantage
These are promotional gimmicks like: special offer and discount, special offer in the receipt, referral to a friend. The last one is about reviving "dead" customer.
---------- Forwarded message ----------
From: Business Thrival <deniseandjynell@businessthrival.com>
Date: Fri, Apr 27, 2012 at 8:05 PM
Subject: 4 Simple Ways To Double Your Profits Overnight
![]()
From: Business Thrival <deniseandjynell@businessthrival.com>
Date: Fri, Apr 27, 2012 at 8:05 PM
Subject: 4 Simple Ways To Double Your Profits Overnight
Trouble viewing this email, click here.
![]()
If you wish to stop receiving our emails or change your subscription options, please Manage Your Subscription
Issue # 89 - April 27, 2012
Dear Jorge, As a business owner, you are always looking for ways to increase your profits. From creating new marketing campaigns, to updating the look of your web site, to promoting your business through social media, your sheer existence depends upon generating revenue. This can be from attracting new customers or through your existing customers. Often times though, one of the most overlooked ways to increase profits in your business is with your existing customer base. However, you get so focused on attracting new customers that you lose sight of what is right in front of you, a built in revenue-generating machine. In today's Main Essay, I talk about four simple strategies you can use with your existing customers to double your profits overnight. In the Check It Out section, you will learn about the easiest and fastest way to get hundreds of local busines owners to call you and to hire you for your marketing expertise. In the Quick Tips section, you will learn how to boost your energy, how your mind can be taken to new places, and how to keep your spirits high by looking at the simple things. We hope you enjoy this issue of the Business Thrival Newsletter. Cheers, Jynell Berkshire Associate Publisher Business Thrival, Inc.
4 Simple Ways To Double Your Profits Overnight
By Jynell Berkshire In Issue #86, Denise and I shared with you Dan Kennedy's insights on how important it is to test your methods of advertising to grow your business. Testing helps you to determine what advertising campaigns are working and what are not. Another way though to grow your business is to strengthen the relationship you have with existing customers. People will buy from you because they like what you are selling or because they simply like you. This leads them to want to spend money with you, which in turn leads to sales. Existing customers are a literal gold mine. In fact, this may surprise you, but existing customers are actually the best source of "new business". If you think about this for a minute, it makes perfect sense. Your existing customers already liked you so much that they bought from you once. And it would be so cheap to reach out to them compared to the cost it would be to reach a totally new customer. This means that if you show your existing customers enough appreciation, they will continue to buy from you again and again. Let's look at four easy strategies you can implement overnight with your existing customers to increase profits. Strategy 1: Mail Special Offers & Discounts A quick way to increase your profits is to mail discount coupons or other special offers to your existing customers. You can do this as part of their original shipment or at a later date. You should always be looking for opportunities to give them another incentive to buy something else from you. You can either send a special discount coupon by itself, or you can send the discount along with something else you needed to send to them. For example, if you are shipping them your product, stick another offer or discount inside the package. If they have purchased your digital product, add another related product or service to your sales process. The point is to look for ways to keep them buying. You can also include an offer for a related item at the bottom of your customer's receipt, which is the next strategy. Strategy 2: Include An Offer For A Related Item On Customer's Receipt Another effective strategy to keep your customers in buy mode is to put an offer of a related product on the bottom of their receipt. Most customers will review their receipt to make sure they are not being over-charged and/or get other information about their order, such as when they will receive it. So, while you have their attention, why not go ahead and offer them something else that is related to the product or service that they just purchased from you? Make sure you give them a way to accept the offer (on your web site, by calling you, going back in to your business, or whatever makes sense for your offer). Grocery stores are notorious for this. How many times have you seen a coupon at the bottom of your receipt for a related item you just purchased? I just recently bought a bottle of laundry detergent at Wal-Mart over the weekend and at the bottom of my receipt was a coupon for a $1.00 off fabric softener from the same manufacturer to be redeemed by a specific date. The fabric softener was a related item to the laundry detergent. You can also double your profits overnight with your existing customers by simply asking them to refer their friends to your business.
Another way to increase your revenue is of course by adding new customers.
If you're a local marketer, then you'll want to stop what you're doing and watch this timely presentation on... The Easiest and Fastest Way To Get HUNDREDS of Local Business Owners to Call You and To Hire YOU for Your Marketing Expertise. Watch this video now. Attracting new clients is the #1 need for any local marketing expert or agency, and my friends Ryan and Laura have figured out the secret. Clients will CALL YOU, and the actual "selling" process only takes 16 seconds. Go check it out now while it's fresh on your mind. Strategy 3: Refer A Friend (Referrals) A third strategy, and one of the most overlooked strategies, is to ask your existing customers to refer a friend. Don't be afraid to ask them to do this for you because many will. You can even reward your customers for their referrals, such as giving them a free gift once they refer a certain number of new customers to you. Remember, many of your existing customers may not even think about referring business to you, until you ask. Most happy customers will be glad to either tell their friends about you or give you the names of some of their friends that you can contact. You will be amazed at how many referrals you will get, especially if you make it easy for them to do that doesn't take a lot of their time. You can do this online or by using a printed form for them to fill out. You can also offer them a special bonus by entering the contact information of 3-5 of their friends. For example, if you are a dry cleaning business, you can give them $50 off their next purchase if they refer 5 friends. The same is true for an online business. You can give them another one of your digital products for free or give them an irresistible gift that you know they will surely want. The point is most existing customers will refer business if you simply ask, and even more will give referrals if you offer an incentive. And, last but not least, don't forget to reconnect with those customers who may not have ordered from you in a while. Strategy 4: Reactivate Dead Customers Reactivating dead customers is another profit generator that you should not forget about. These are the customers you haven't seen or even heard from in a while. You should reach out and let them know they have been missed. They may have simply forgotten about you because they got busy or doing other things. It is not your customer's job to remember to do business with you. It's your job to remind them. For example, you can send them a Thanksgiving card expressing your gratitude with a special offer inside. This can be as simple as a "Thank You Savings Certificate" for them to use within the next few days to receive a discount off a specific item or even a free gift if they act now. This gets them thinking about you again and remembering why they liked your product or service in the first place. They obviously liked your company enough to buy from you once. So, there you have it. By simply reaching out to your existing customers, you can literally double your profits overnight with these four simple strategies.
1. Review the methods you are currently using to show your existing customers that you appreciate them.
2. Analyze whether the methods are working or not. If they are not working, then implement the strategies in #3-#6 below. 3. Mail special offers and discounts. 4. Include an offer for a related item on customer's receipt. 5. Create a "Refer A Friend" campaign and reward your customers for any referrals. 6. Reactivate dead customers to let them know they are missed.
Let us know your thoughts on today's issue.
Post your comments here.
Business Thrival, Inc.
10412 Allisonville Road Suite 201 Fishers, IN 46038 USA Toll Free: 888-579-9922 Fax: 877-579-9933
© Copyright 2012 Business Thrival, Inc. All Rights Reserved.
NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser.
Disclaimer: Business Thrival, Inc. only recommends products that we've either personally checked out ourselves, or that come from people we know and trust. For doing so, we may receive a commission. We will never recommend any product that does not have a 100% money-back satisfaction guarantee. Nothing in this email should be considered as providing legal, financial, accounting or estate planning advice. While some of the authors may be attorneys who have discussed various legal, business and other concepts herein, nothing herein can be construed to constitute specific legal advice or recommendations. No communication by our company or employees to you should be deemed as personalized legal, financial, or estate planning advice. The social media icons contained in this newsletter were obtained from IconDock. |
Have you ever wondered why some people succeed... while others always seem to fail? If you answered yes, then today's message will be of great value to you. You will learn how to get from where you are now to where you want to be in the future. This short inspirational movie is based on a timeless success principle that has been tested and proven effective throughout the ages to achieve your goals.
Click here to watch "The Strangest Secret"
Thank you, again, for the informative newsletters.
Vickie
Body:
Whether a late night or intense workday has hijacked your energy, you can power through your slump by eating fatigue-fighting foods like whole grain crackers, pumpkin seeds, yogurt, or even dark chocolate. These foods are all great energy boosters. Mind: You've heard that laughter is the best medicine, and that holds true for your mind. Listening to jokes, laughing at yourself or hearing other people laugh helps you to broaden your mind. Laughter activates areas of the brain vital to learning and creativity. So, the next time you hear laughter move toward it and let your mind take you to new places. Spirit: When you are feeling down, flip through some old photos. The photos can be pictures of your children, from your favorite vacation, or even of your cuddly and loveable pet. To keep your spirits high at work, upload these pictures to your computer and set them as a rotating screensaver. You can also upload them to a picture frame that flips through digital photos. |
If you wish to stop receiving our emails or change your subscription options, please Manage Your Subscription
Business Thrival, Inc., 10412 Allisonville Road, Suite 201, Fishers IN, 46038© 2012 All rights reserved.
Fmr VP Candidate Sarah Palin Blasts US Dept of Labor Ban on Children Farmhands.
Promoting Entrepreneurial Revolution
Former Vice Presidential Candidate Sarah Palin criticized a proposed US DOL law banning children below l6 years old from participating in any farm activities: farming cultivating, running farm equipment and implements. The prohibition does not apply to fully owned family farms.
But there are many farms that are jointly owned by several family members (bros and sis for 2nd generation, and cousins for 3rd gen) And therefore, source of free and cheap labor would end, and farm inputs would increase.
Palin Blasts Labor Ruling on Children below l6 Farmhands
l. Is this a sound law/ruling?
2. Is this helpful to the cause of USA/Obama during this critical period?
3. What other family activities can be controlled by the US govt? Is this constitutional?
Former Vice Presidential Candidate Sarah Palin criticized a proposed US DOL law banning children below l6 years old from participating in any farm activities: farming cultivating, running farm equipment and implements. The prohibition does not apply to fully owned family farms.
But there are many farms that are jointly owned by several family members (bros and sis for 2nd generation, and cousins for 3rd gen) And therefore, source of free and cheap labor would end, and farm inputs would increase.
Palin Blasts Labor Ruling on Children below l6 Farmhands
l. Is this a sound law/ruling?
2. Is this helpful to the cause of USA/Obama during this critical period?
3. What other family activities can be controlled by the US govt? Is this constitutional?
Encountering NIgerian Scam, Phil Style First Hand
Promoting Entrepreneurial Revolution
Times are hard, and really, people have become ingenious and enterprising on how to eke a living. And therefore have become very creative.
I have been regularly receiving emails and even blog send of various types of Nigerian scam which I have published here to warn the readers. in case they are not aware yet?
Nigerian scam
419 Nigerian Scam Coalition
Lately, the 17 digit Sun discount scam for Sun postpaid subscribers has been making rounds of my relatives and friends (why does Lord allow them to still proliferate. The Dec 2l, 2012 prediction should come earlier to this guy)
One week ago, last Saturday, a former sales agent, a comadre, a widow now 72 years old invited me for a talk because she said her foundation can fund projects in tens of millions amount. I told this to my daughter whose real estate project of her employer needs Php 20 million to get started.
So Sunday afternoon, we set our meeting with my comadre.
This is her story.
l. She is in charge of FM money and has set up foundation to fund various projects. Just give her brochures and project study so that she can study this. The PCGG has been sleeping and the FM money is now here in Phil banks, and they do not know she is the agent.
2. She is in direct conversation with the BSP governor who gives her advice on her financial transaction.
3. The FM money is so huge and is running into quadrillion. That money may even save US from its crisis (she knows current events)
4. Her first transaction will earn her $2billion in commission (How big is her principal transaction) and will be deposited in Singapore banks ('She could not name the banks) and will go to Singapore this May to get the money.
5. Because of this the PHP20 million needed for the project will just be coming from her commission.
6. Would I help her make the guidelines for evaluating projects as: security, ROI, documentation to help her and pay me PHP 200t per month? (too good to be true? All too good to be true is not true)
7. Would I be able help her set up a KB or Universal bank since I have been a bank officer? My daughter will be the chief investment officer of the bank.
Here is the giveaway that this is not the real deal: Would I be kind enough to lend her P25t so that she can pay the people at AMLA at BSP so that these things will not be noticed.
Questions:
l. Would you believe her story?
2. What is wrong with her story.?
3. Tell me the set up and the sting.
4. Would you lend her P25t and be a bank officer?
5. Is there a huge quadrillion FM money?
6. Why would Gov Tetangco allow her to bring in FM money being searched by PCGG?
7. How many fell for her story?
Times are hard, and really, people have become ingenious and enterprising on how to eke a living. And therefore have become very creative.
I have been regularly receiving emails and even blog send of various types of Nigerian scam which I have published here to warn the readers. in case they are not aware yet?
Nigerian scam
419 Nigerian Scam Coalition
Lately, the 17 digit Sun discount scam for Sun postpaid subscribers has been making rounds of my relatives and friends (why does Lord allow them to still proliferate. The Dec 2l, 2012 prediction should come earlier to this guy)
One week ago, last Saturday, a former sales agent, a comadre, a widow now 72 years old invited me for a talk because she said her foundation can fund projects in tens of millions amount. I told this to my daughter whose real estate project of her employer needs Php 20 million to get started.
So Sunday afternoon, we set our meeting with my comadre.
This is her story.
l. She is in charge of FM money and has set up foundation to fund various projects. Just give her brochures and project study so that she can study this. The PCGG has been sleeping and the FM money is now here in Phil banks, and they do not know she is the agent.
2. She is in direct conversation with the BSP governor who gives her advice on her financial transaction.
3. The FM money is so huge and is running into quadrillion. That money may even save US from its crisis (she knows current events)
4. Her first transaction will earn her $2billion in commission (How big is her principal transaction) and will be deposited in Singapore banks ('She could not name the banks) and will go to Singapore this May to get the money.
5. Because of this the PHP20 million needed for the project will just be coming from her commission.
6. Would I help her make the guidelines for evaluating projects as: security, ROI, documentation to help her and pay me PHP 200t per month? (too good to be true? All too good to be true is not true)
7. Would I be able help her set up a KB or Universal bank since I have been a bank officer? My daughter will be the chief investment officer of the bank.
Here is the giveaway that this is not the real deal: Would I be kind enough to lend her P25t so that she can pay the people at AMLA at BSP so that these things will not be noticed.
Questions:
l. Would you believe her story?
2. What is wrong with her story.?
3. Tell me the set up and the sting.
4. Would you lend her P25t and be a bank officer?
5. Is there a huge quadrillion FM money?
6. Why would Gov Tetangco allow her to bring in FM money being searched by PCGG?
7. How many fell for her story?
Subscribe to:
Posts (Atom)