A huge number of companies are going bust; what is the cause

Nation building via learning and being the best in business

Many businesses are closing in the PHL and many are blaming:   PBBM and the corruption in the govt, the middle east war, and the uncertainity over the PHL economy.   I cant say that I am a seer or an expert in business turn around and rescue.

If all that we can see are difficulties and not look inside, then surely we can fail.   Making excuses and passing the blame to others is the surest way to fail.  Problem solving will fail, and we become weak and victim.  But if we continue thinking, solving problems, innovating, then the failure can be averted.

Dont ever ever quit,  Think of how you can rise after you fall.    No one for sure one can be a forever success. There is always a cycle... The outside forces 

If forces outside changes more rapidly than changes inside, the end is in sight...

Improve self and people, and we can survive

Which location do you prefer? What is a safer surer bet

Nation building via learning and being the best in business

This business offer is a little bit odd. The agent who offered me the property is from the north, while the proposed project site in the south of the island.  There were two sites she offered:   one is straddled between the boundary of two cities:   one whose population is 100K plus and the other is almost 300k.   The site is along a 4 lane road connecting the two cities and equidistant between two centers of the city, and both the two locations have the type of business we are pushing  filled up.  The site is equidistant betwen two such filled up sites.   The only problems are:   1.  zoning     2.  we like jv      3.   and  city govt approval  (which will require a lot of sop maybe).

The other site is nearer the other city but the road is only two lanes and only will be able to serve one city.  It is near a dumpsite.

Which would you choose.

Location, location, location

What to do in a business deal that went sour/south?

Nation building via learning and being the best in business

This post is not in the best of mood lately.  A protege, failed in his  commitment to complete the dp to seal the deal and the landowner talked to me last Wednesday, and this post said a deal to solve the problem would be proposed.   This post did not get the immediate approval of the principal and was able to to send the proposed deal yesterday, It was a continuance with me taking the place of the proponent.   Was able to send the proposal/solution only yesterday.  

The land owner wants a cancellation of contract.  However it could not be done verbally as there is a written contract.    After a long discussion with the stake holders, here is what was proposed:

1.  The land owner has to cancel the deal in writing as the contract is in writing    There is a 30 day period within which the proponent must respond or else the recession take effect.  The proponent may reject the rescission if he so desires

2.  He may elect to ask for assignment a peaceful settlement immediate or long term;

3.  A new proponent corporation may be established if the land owner merely wants to  get rid of original proponent

4.  During the 30 day period, the incorporators must seek funds for 1m to continue the project

    The 1.1m that has been given will apply and just the same there will be continuance....

Will this be a good deal.  

Should I feel responsible for the deal that I supported, endorsed  but which somebody is responsible.  This is a lesson learned.  Some people are not trustworthy and still have to learn much on leadership and entrepreneurship..  Some observers say I should not bear the burden.  

Why are ambassadors trade groups visiting Baste Duterte in Davao? Sign of forthcoming investment in Mindanao

Nation building via learning and being the best in business

There has been a series of events in Davao showing top foreign dignataries and trade groups visiting Mayor Baste Duterte in Davao.  What do these visits mean?   Does it mean more investment for Davao?  Are we right in planning to invest in Mindanao

Businesses I would like to be in if given longer life

Nation building via learning and being the best in business

If given longer life, aside from the current businesses I am engaged in this post would like to engage in the future (near and long term)

      1.  Agri forestry -  tree farming agar wood and other timber products;   bamboo

      2.  New materials -  bamboo for construction low cost housing

      3.  Low cost housing  for the real buyers  below P1M near train lines and suburbs

      4.  Agri -  coco and  fuel  -  sugar  energy

      5.  Pharma

      6.  Finance  -  insta lending to customers using the MCF and other funds...

But pursue core businesses in Mindanao:   major southern cities.  

Rash of business closures hound MSMEs

Nation building via learning and being the best in business

This post has seen at Soc Media a gallery of pictures saying good byes to their customers as they are closing down:   resto, coffee shops, meat shops garment store and the like.  A never ending parade of buienss closures.   Now many are not so sure of what happens next.  

The barber where this post went to for hair cut says business has been bad -  people scrimping on their haircut.   Visa has been complaining of decline in CC purchases from the Philippines.   

What could be behind this?    Lack of available credit and working capital for MSMEs.  The scarcity has placed interest rate for MSME at 3-4% per month.      (Thats 36 to 48 % pa)    The BSP increase in rate has something to do with this (to combat inflation).

The govt focuses too on ayudas on flood control, on persecution of top officials enemy... Tsk tsk  not the exchange rate and which happens despite a  think tank and sky high salaries...