More opportunities projects in the North

Nation building via learning and being the best in business

Really you should not have a sense of comfort nor stay in your comfort zone.  My mother, the matriarch of business then said that your business should be compact and can be reached within 10 minutes of your waking up.  Had this post complied with this, we would have been out of business decades back.

So in the trip last Thursday these were the business opportunities:

1.  Presenting  LOI for receipt to the owner of the land for a 4.6 project.   We have to show the JPA and CTS

2.  A 4 hectare developed  project owned by a Lendng investor, located in a lst class municipality located next to the queen city of the Province

3.  A 10 hectare property located the bridge of the queen city

4.  A 4.4 hectare project in the Western part of the province.  Just needing to close the paper works  for the right of way.  JPA has been signed.

5.  5 hectare expansion of a 7  hectare mem project near the existing one we have built

5  Funding opportunities:

    1  From a priest who loves projects and business  P5M

    2.  From a govt employee who is looking for investment   P5M

This post hopes to seize, close 80% of these so that 1.  jobs may be created;    2.  towns appearance will improve,   3.  generate more taxes.   4   generate more jobs and employment

Philippines now one of the top BPO hotspots; US politicians move can blunt its progress

Nation building via learning and being the best in business

PHL is now considered one to the giants in the BPO industry.  It brings in about $30 billion a year to the Philippine economy, one of the legs of PHL industry, the other is OFW remittances and the remaining 1/3 are from agri and electronics subcontracting.  

That is about 30% of the PHL gdp.  It fuels a lot of industry:   housing, food and retail, transportation, retails etc.    It is fraught with danger because US wants to bring back job to USA and this includes the call center.     

What would happen to the Phil economy if the BPO were to shrink.   You can see the effect of POGO closure on office and housing rental market.  

Nations on the danger of going under or having economic crisis

Nation building via learning and being the best in business

They are Greece, Saudi, and even Japan.  Let us pray for them.

What is going to be repercussion if they collapse?

Should we be worried about Japan?  Is it karma for them?

How could this happen to Japan?  Japan was my idol in industrialization and sound management






Crisis in Greece due to high debt

Saudi Arabia economy totally dependent on oil revenues is collpsing. The line city is in trouble. The crown prince plan is in shamble

If you are experiencing business difficulties, and challenges, to whom do you go to?

Nation building via learning and being the best in business

This post was invited for a consultation by a professional running a facility and which is now experiencing financial difficulty:    low revenue, low gp.    Their chairman wanted the firm to declare bankruptcy and/or undergo dissolution  Surely jobs will be lost and investments too.

However the person whom I talked too was in canvassing mood and therefore was in 2nd and 3rd opinion.  I was the 2nd opinion and verbally voiced out some options.    For his 3rd option, he invited a CPA and gave out all the financials.  I hope the said professional, trained only in producing fs, not doing business analysis can come out with something solid to turn around the firm.  Surely, this will take time, and no propert rx can be done.  It will be more of an audit, rather than coming out with rehab/turn around plan

Surely you go a business consultant, an expert  Someone who has run numerous businesses before

Business consultants less valuable than medical specialists?

Nation building via learning and being the best in business

This post was a GSB professor and a businessman.  However, the experience with other group of professionals was not very pleasant.   A cousin specialists asked me to accompany  her in business deals.  She however charged my daughter a pf when she consulted the latter.

Another releative likewise invited this to a dinner, talked about their business problem but charges me for the check up

Just the other week end, had talks with another specialist and was seeking ways to turn around his failing business.   But we did not talk about fees.   How come?  He was shopping around

Spotting opportunities in junk bonds/(Reits) and Steven Wynn

Nation building via learning and being the best in business

Michael Milken, a financial genius back by his boss Joseph at Drexel Lambert found opportunities in junk REIT bonds, and backed  Steve Wynn in his Golden Nugget in Atlantic city.

Such opportunities can exist in the retail (not in subprime mortgage)

      1.  Troubled employees    

      2.   Bad cc record

What must you do as entrepreneur? Focus on 3 things..... and complete this. Elon Musk, Steve Jobs prescribe this, take risks

Nation building via learning and being the best in business

This is the nth time this post heard this;  focus on 3 things to be done in the next 18 hours, the rest is noise.

Dont overstretch yourself, and do so many things at once.   Elon Musk talks about this.

Understanding human psychology when putting up business (am I glad I took up this course)

Nation building via learning and being the best in business

How big is the opportunity?   Seek opportunity.  Is it big enough to reach billions..

Result of mentoring the sbu yesterday

Nation building via learning and being the best in business

After meeting with the maintenance staff and their contribution to the Product aspect of the marketing plan, this post had one on one with the head.  

We discussed:

     1.  Price increase of up to 20% of products and services.  True mark up  1/ 1 - mu x old price

     2.  Price protect:   privilege card

                Premium  less 10% on product, less 15% on funeral and interment service

                                        loan privileges,  no dp, 0 interest on 1 year term,  0 dp.  Good for 5 years

                                        Maximum of 5 availment for each category

             Value:    

                            One lot    100,000 x 10%                P10,000.00

                             IS             35,000 x 15                        5,250.00

                            FS           45,000 x 15%                       6,750.00

                                               Total                              22,000.00   just for P4,950 initial payment'                                                                                                    THATS 400% BENEFIT                 

                Prime        same as above but price protect for at need (mark up of 30%)  good for 10 years.

                                 Holder can opt to refund, but loses all privileges.    Good for 10 years.   

        3.  Raffle:     sbu raffle of 1% of gross sales:  for 500 plots, for gadgets and appliances

                              2026 1% of sales for 1,200 plots  1 vios.  Toyota.   (Huhulugan ng sbu for one year)

                              One lot                     Pre need         100,000 x 10%     P10,000

                              At need protection                                                          30,000

                               IS plot                                                                            22,000

                                                                                                                      62,000!!!

                             THAT's      X  6X BENEFIT FOR P9,500 PRIVILEGE CARD

                             We have not quantified the value of 0 interest, 5 years to pay, loan privileges

            

First Principles and business model, wtdn for business opportunities at the North

1.  First principles:

    1.  You must have higher purpose if you are go to expand business.   Just shooting for money stunts business growth

    2.  Its not about more money:  but building a system, and using your mental capital that counts, that mean more rather than having more php

         

    3.  Money velocity is more important than the quantity of money

  (Kuwento:   In a town where people were indebted to one another.  A wealthy man deposited $1,000 to the hotelier for him to get a great place to stay.  Immediately he paid the butcher who owed him $1,000 for the meat delivered, and butcher paid the farmer, to whom he likewise owed $1,000 who immediately paid the trucker to whom he owed $1,000, wh in turn paid the hotelier to whom he owed board and lodging.   The wealthy man changed his mind and got back his deposit.  Nothing was gained or lost, but the debt was paid)    

 

      Each of transaction increased economic activity but m0ney being utilized is the same.   Money velocity though is x 4

    4.  Love connects matter to persons and persons to persons.  We cant go by the matters, physica and chemistry alone..  You must have passion for life, and for the

         business.  You must be aman for for others.  No love (passion) no big business

    5.  Discipline, knowledge, determination are key ingredients for business success

    6.  You must build a business that is exceptional, that is amazing so that the product sell by itself.  From zero to one.   If you build a me too product, its 0 to n.  A me too business will not last long

2.  Applications/explanations

                                                1.    Higher purpose:   In the service of humanity and others

                                                                        1.  Helping churches

                                                                        2.  Helping needy individuals

                                                                        3.  Education   Foundation

                                                                        4.  Health care -  hospital, meds, assistance (tie with Malasakit

                                                                                                             ^

                                                                                                             ^

                                                                                                             |

                                                                                                             |

                                                2.  Intermediate purpose

                                                                     1.  Generate profits

                                                                     2.  Generate sales

                                                                     3.  Create products and services

                                               3.  Beginnings

                                                                  1.  Scanning opportunities

                                                                  2.  2.  Seizing opportunities   feasibility and business/marketing plan preparation 

                                                                  3.  Seizing

                                                                        1.  Organizing the team recruitment

                                                                        2.  Finalizing ITO  (coding, process flow, having a software)

                                                                        3.  Securing funding agreements

                                              4. Planting seeds

                                                                  1.  Having a dream

                                                                  2.  Having a need

                                                                  3.  Wanting to succeed be wealthy

                                                                  4.  Tired of poverty

                                                               

    3.  Opportunities:

Inversion thinking - how not to get to where you dont want to end up

Nation building via learning and being the best in business

What do you want not happen.   And then think how to prevent it from happening

Inversion thinking.

Eg collectioon by Meralco which often resulted in losses.   Soluton:   Do not collect by having bayad center.