Author - semi retired business entrepreneur leader who is now a senior citizen. Current posts are about his current business experience and learnings. A former lecturer at a top GSB in the PHL for more than a decade. We had great successful entrepreneur graduates
Nation building via learning and being the best in business
1. You can do stock transaction in 10-15 minutes and only one deal either buy or sell
2. Real Estate is more complicated and takes a lot of time You deal with the owners who could be varying in ideas about the property and one complication lead to another.
Nation building via learning and being the best in business
When this post was starting out as a businessman, it was an advice to hold on to somebody as a role model. And one of my lodis was Jack Welch. I bought books about GE, Jack Welch. And the whole world idolized him. He made GE a mega business
But lately, there are news and allegations that actually destroyed GE. His moves did not make GE unsustainable And by making 50% of GE more of a finance company via GE Capital GE was exposed to financial and capital market risk that required more than a hundred billion bail out.
Nation building via learning and being the best in business
The billionaire saw the farmer working so hard - selling vegetables and competing hard on price. Racing to the bottom.
Build business around value. Sell solutions instead of products
The billionaire advised the farmer that instead of selling vegetables, he sell the source. Many urban dwellers want to raise vegies in their apartments. Why not sell $20/bag of soil branding Organic Heritage Soil. He automated the soil packing. Marketed via internet. And made $300,000 a year.
Nation building via learning and being the best in business
THERE ARE ONLY TWO WAYS TO MAKE MONEY - the crux of all business model. It is a compnaion post about finding capital first to make money. Find problems first, find solution and get paid for it. Leave the input capital first to be truly wealthy.
All the options just like the alphabet exist and all ready there, and can be rearranged in infinite number of ways. Find the key holes (ther problems) and make keys that can fit and open the doors (solve the problem)
Doctors make a lot of money because they remove pain. Do do pharma company; or consultants, or auditors.
So do lawyers and security agency: they lessen fear.
Everything Else Is A Variation Of These Two Movements.
If You Increase Someone's Advantage, You Get Paid. If You Remove Someone's Friction, You Get Paid. Markets Do Not Reward Effort. They Reward Impact.
The Objection Appears Quickly. Hasn't Every Valuable Idea Already Been Discovered. Hasn't Every Problem Already Been Solved. That Question Assumes Value Is Invention. It Is Not. Value Is Arrangement.
Mark Twain Said There Is No New Idea. Only Old Ideas Rearranged Into New Combinations. The Pieces Exist. The Pattern Changes. And The Pattern Is What The Market Buys.
Art Is Not Created From Nothing. It Is Collected, Filtered, Combined, And Released With Precision. The Same Is True In Business. You Study What Exists. You Notice What Is Inefficient. You Combine What Others Kept Separate.
Adding Value Often Means Making Something Clearer, Faster, Simpler, Or More Accessible. Subtracting Suffering Often Means Removing A Frustration People Have Learned To Tolerate.
Sometimes A Problem Must Be Made Visible Before It Can Be Solved. Entire Industries Were Built By Naming A Pain People Had Normalized And Then Owning The Relief.
The Game Is Not About Being Original. It Is About Being Effective.
If Money Follows Value And Relief, Then The Real Question Is This: Are You Searching For New Ideas — Or For Unclaimed Friction?
Nation building via learning and being the best in business
We are often living in the mindset of old businessman - INPUT FIRST. You need capital to: rent an office, pay employees, etc. Its an employee mindset. Poor mindset. But the businessman in the video a businessman emphasized that you PHP or $ is the last or inconsequential in starting a business. There are 3 things you must give priority to:
SERVICE
SYSTEM
SCALING UP.
So first find a problem and provide a solution.
Following Vance advice Arthur looked at a specific logistic problem he want to solve. He emailed 50 logistics company and until he finally got one respondent. He would be paid $6,000 if he got the solution by Friday. Then he got his $6,000. He having now proof, emailed the rest of the 49 who turned him down, and offered $2,000 monthly subscription for using his solution. He got 3, grossing him $6,000 per month. He eventually grossed $8,000.
So Vance was right.
Input paradigm shouldnt exist in the mind of the entrepreneur
