To be continued na our pending project in nearby population rich town?

Nation building via learning and being the best in business

I was informed that one of the parties  (grantor of the ROW) involved in a proposed 2.5 hectare cemetery projct finally said publicly he was going to be part of expansion of the current project we are proposing.  This is actually a 25 year old project in the making.  The fiirst obstacle was  ROW which was priced at staggering P50m.

Now the problems are:

1.  One of the parties (he bought out a partner before) grantor of ROW wants to operate the project;

    and the price for the ROW is quite high

2.  The municipality approval.  It could be high...

3.  The ROW much better if it is near the giant retailer highway.   

4  My brod who has been silent about his side of ROW

For such a small project, because of the scarcity, prices are so high that even for this size of the project projected revenues can reach 10 numbers

Puede kaya dito mas attractive na ROW 4-5 meters sa may bakod.  Maski 3-4 sa kahabaan.  Tinginng mas malapit attractive

Empty passenger terminal at airports; what do these indicate?

Nation building via learning and being the best in business

Lately we have been seeing airports that are empty.  Even those going to Cebu and Puerto Princesa.  These should have heavy passenger traffic.  One post mentions three trips to Cebu being consolidated

into one plane  (to save fuel naturally)

The main reason is the very expensive ticket due to fuel surcharge... For instance, two way ticket to Ilo2 is now at P20 k.  This was affordable before.  Thus I deferred travel to Iloilo.

What is the impact on tourism, airline business, local business.   

Me I have second thoughts on proposed Palawan project.  Without mass support, business to be established could not be sustained..  Or even the visit to the sites...

                                                                               Now

                                                                          Dati

Business difficulties; rescission of agreement how do we deal with it

Nation building via learning and being the best in business

Not everything is positive.  There are events that are challenging and negative but are instructive  And one can lose hope and despair.

One such business belong to was assigned to a protege. However due to curren economic crisis he missed out on his payment and made only partial payment on his term of contract/agreement.   It was verbally terminated in the beginning to which our men made counter proposal a 100% penalty which was rejected... again.

We met again the other week:   again verbal termination and more than that certain activities were ordered stopped verbally.   This party requested for written reession of contract which we will wait 

Our choices:

1.  We wait and in the meantime stop activities

2.  Ask for intervention from govt agency in charge of this businesses:

     1  It being the business was formerly stopped by the said govt agency for non completion thus

         it cant be strict with regards to its clients contracting parties

    2   This party is not just being a vendee but a partner in development and will help solve 

          inventories of uncompleted project

In the the viber meet # 2 was chosen as viable alteernative so as not to lay waste to what has been spent...

This is a lesson on how to deal with legal disputes and protect our investments

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

What are the concrete reasons being cited:

     1.  Low sales -  many businesses were established as reaction vs pandemic and thus could not

          have been properly thought of and were really dependent on covid cases.  One dx center folded

          up last year.  No more covid cases.

     2.  VAT and SC discount (thats 20% less revenues on such customerss)

     3.  Higher borrowing rates (from BSP rate increases)

     4.  Macro factors -   low FDI, businesses leaving PhL and perceived very corrupt govt.  (It is)

     5.  Anti biz policies:   wage increases, VAT  criminal persecution of those who dont pay SSS or

          BIR taxes  Voracious employees of LGU (seen as most corrupt of all agencies).

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.  We will choose the first site.  More exposure.   More accessible

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.