Solving inheritance problems of deceased in laws, creating the documents

Looking forward to the future of business

Rizal Philippines

3.26.2021

A sister and in law passed away leaving 3 parcels of land to her 3 children.   It also brought out the fact that an ancestral home was left intestate and needs an adjudication.  

The document for adjudication was shown to me for comments and rejected this.  Because it 1. allowed  an spa to sign in the adjudication  document.    And also the phrase for adjudication.

The adjudication for the ancestral home was more complex because the family tree involved tree generations, and two of the scions are dead and hence the property needs to be adjudicated to the grandchildren  

I was able to do this in less than half day.   The lawyers would have charged an arm and leg for this work.  

We need expertise in legal aspects.  

Class A and B Markets, cash or installment

Looking forward to the future of business

Rizal Philippines 

3.26.2021

In the discussion for a marketing plan in 2021.  debate raged between :  cash only but with huge discount, or extended payment no dp, o interest.   This post gave in to later.  In the midst of unemployment or failed business, we can not pretend that the market is normal, we expect lower revenues due to lower affordability of unemployed masses.  

Hence  this post is amazed of continuing efforts to sell high ticket items like cars and real estate.  Surprisingly, home sales in US is booming, car sales in 1st qtr of 2021 went up.  The rest of the world exhibited negative growth.  

This post is bearish on new investments and more careful.    Yes we can under a JV arrangement where cash outlay is minimized.

It depends on how much you can bear risk of low or zero cash flow

Advice on business is less valuable (or not valuable)?

Looking forward to the future of business

Rizal Philippines

3.26, 2021

I have numerous incidents of other professionals getting advice from this post, and lo and behold gets charged when a reverse consultation is done

I was aghast that a physician whom I gave free advice and representation as her business manager charged my daughter.   

As if this post did not spend time and money too to learn my trade and make sage advice.  

But this does not mean that others who consulted me are as mean;  others pay generously 

Really, can I be considered a Professor

Looking forward to the future of business

Rizal Philippines 

3.26.2021

This post taught for 13 years in a country renowned Professional School,  all over the country   NCR, Cebu, Clark, Subic and Laguna.   And almost all levels in management:    standard, MDs, middle management (mixed with senior company officials)

This post too had over 40 years of experience in various levels:   banks, finance, real estate, retail,  medical pharma. 

And yet since we are part time educators being in Professional School (we work and teach at the same time,)  under the University rules, we are only called lecturers.  In our town, only a National Artist who taught music is the only one recognized as a professor.   

Really, have we contributed to nation building and teaching future generation of business leaders?

Steering clear of highly regulated businesses

Looking forward to the future of business

Rizal Philippines

3.25.2021

In a recent Bilyonaryo post,  MVP was reported to be steering towards businesses that are less regulated.  They are into energy, (Meralco) tollways (NLEX) and telco (PLDT).  They are bountiful businesses and hence heavily regulated because they involve the masses.

SMC in its expressway inter connect project is having a spat with a regulatory body

We too would like to think in the same manner but the arms of govt is everywhere; they own 42% of other busineses (the VAT and Income Tax)  

It is our experience that the LGU will squeeze you dry before giving you a permit   (CIA) 

In our recent experience:

1. A councilman intimated he must get 7 numbers if our proposed joint venture with the LGU pushes through.  The local execs will get no less;

2.  In another LGU we were tricked into having a proposal to be a bidder to a proposal of a relative.  

The reason why there is the NPA problem is that corruption has not been solved;  due to theory of thesis anti thesis means that NPA exist because of corrupt officials that are still  there.  The current administration 

Winners and losers during the pandemic

Looking forward to the future of business

Rizal Philippines

3.25.2021

Winners and losers in business - CNN

There were a number of losers and winners during the pandemic;   Lucky for those who made it;  struggle and valuable lessons for those who lost:

Winners:

      1.  Health care -  hospitals, diagnostics especially those involved in testing,  ppe supplies, vaccines

      2.  Fin tech - those involved in transfer of funds

      3.  We deliver foods, grocery

      4.  Those working in the govt;  involved in health, and aid distribution  

Losers:

     1.  Airlines

     2.  Energy

     3.  Hospitality business

     4.  Restos and hotels

     5.  Resorts 

     6.  Malls

     7.  Banks (due to Baho law loan extensions0

     8.  Schools.

Some businesses permanently closed and we weep for them

Advising a relative owning a school in this difficult times

Looking forward to the future of business

Rizal Philippines

3.25.2021

A relative, a cousin has enlisted my help to advise her on the proposed sale of their 38 year old school to group engaged in real estate development.   She has the appraisal of the land and building  and ready with the financial statement.  

The appraisal says P200 million, but her balance sheet says P100 million.   She wants to sell because she is behind her loan amortization for 6 months,  and finds difficulty in raising enough cash for salaries of teachers.  

Some questions were raised:

1.  Is it true that this group is buying school, when they are closed and no revenues, that the time of reopening is unclear

2.  If the news was true  then most probably the group is on a vulture bargain hunting mode and most probably if they notice that they are desperate.   They would probably bid  P40 - 50 million.  

This post proposed a two pronged action plan

1  Prepare a presentation   video or power point to emphasize the strong points of the school

2.  Ad hoc measures to raise cash for the school:    discounts on advanced payment,  collection drive,  (and even incentivize payment)    

       We need to raise funds to restructure the loan, and to pay the salaries.  

We pray these work.  

The pandemic has hit hard many bigwigs, even Petroleum magnates

Looking forward to the future of business

Rizal Philippines

3.25,2021.

An oil magnate from the south, after selling his courier business to another group is reported to be selling assets in his oil retailing business.  His group is now the third in the industry having come from nowhere and over took a multinational.   His petroleum group has has reported a net loss of P95 billion.

Wow thats a lot!

The pandemic has put many businesses to a test and their management prowess is being evaluated.  This is real case analyses and many may not make this.  Only their courage and determination will separate the losers and winners.