I think we did not give justice for this last speaker, friend of Maynard Cruz. He Mr Gerry. Tan Tee of GREAT, a member of Lucio Tan Group of Companies. We needed 3 hours at least to learn his business acumen. He happens to be another product of Tanauan Batangas, just like Anton. He has deep insight into business, being a Chinese, and having honed in the Lucio Tan business empire. I think he should be teaching this course, or being invited regularly to add knowledge to entrep students. His ideas are contrarian at times.
He is very knowledgeable on finding opportunities:
With the passage of energy renewables act, what do you do, what are opportunities?
With the passage of biofuels act,what do you do? (that is the l0% ethanol content of gasoline) So you find out the annual demand and supply capability in the PHL. The demand is 500 million liters a year; and the capacity if l00 million liters a year. Where is the opportunity? You can partner with a foreigner to fill the demand (remember the foreigner needs a Fil partner to do business in the PHL) That is big opportunity and chance to make money.
He happened to be invest in cable TV because he saw a foreigner giving on the cable TV project for the simple problem of not finding the right person to run the business.. He put one in Bulan Sorsogon, then Dumaguete and Gen San South Cotabato.
Then he discussed the carbon sharing under the Kyoto protocol. Their company participated in CBM
He said that carbon count is now at 400 ppm well ahead of 300 ppm and global warming is well on its way.
The next battle will be for water, not oil as was in WW II. The freshwater supply is just 3% of the total water on earth, and 2% is at the polar caps. and Himalayas. Much of the water supply in Asia and Asia comes from melting snow. When they melt because of global warming and joins the ocean water, what happens?.....(Here the nuidea of desalination by Mike comes handy and a convenient/cheap solution.....Let us talk Mike)
Some advice:
l. Always have eyes for opportunity. Opportunity will always be there even if you do not grab it. You will regret if it passes you by and somebody grabs and become wealthy..
2. Follow rules - pay taxes, follow regulations and work around them. Have the right connection to get your permits and to have better govt compliance.
3. Work for someone and while there learn the business, and be an entrepreneur (the audience should be happy that the subject is being taught) Then engage in a new venture while you are working so that you have safety net/fallback .
4. Set a timeline; do no wait for forever.
5. You rise and fall according to your level of skills and mastery (Implication: be improving and learning always or else, you will be left behind)
Some people make the mistake of going to developed countries hoping to make it big. There is no more opportunity to be rich in big established country like Australia, UK, Canada or USA (maybe there is now in Europe and USA) When there is revolution or up and down in the economy there is opportunity. There was a time that he wanted it quits and asked his father for his inheritance so that he can make the exit out of the PHL. His father told him he will give him the inheritance, why not, if he stays put in the PHL.
His uncle did go to USA and retired not as rich man but as retired employees. So why bother queing at the US embassy? To be just an ordinary employee forever? Well you have retirement pay (if the US govt can raise funds for them which many doubt. That is nearly a l00 trillion and increasing)
The next time you see blood on the street, remember Mr Tee. A shocking and contrarian advice but I think it is ture.
And his advice: it is the time to invest; it is a place to invest...
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