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
Some Filipinos dominate their industries not only in the Phil but even the world:
1. Jollibee - fastfood, also buying ohter food brands owned by Tan Cak Tiong
2. Enrique Razon through ICTSI dominates Port Operations globally
3. Andrew Tan through Emperador (he was unwilling owner before) now owns Fundador and owns vineyard in Spain. a brandy company in Mexico and whisky firm in Scotland
Nation building via learning and being the best in business
A wealthy businessman as the story goes, went into a coffee shop and he noticed that were not customers. Business was bad. The previous night, the total receipts were only P280 php and rental that was to be due was P8,000. The owner was in a bind He could not reach the P8,000 rental
The wealthy businessman suggested that the businessman offer free coffee. But he said it would totally erase him he being in tight spot. Why are you selling or are you in business.
The coffee shop owner agreed and soon many people, 20, 30, 50, 100 soon flocked to his shop, Most people are not freebie hunters, 40% ordered pies, cookies, bread, ground coffee and soon he was grossing about P1,000+ per day x 30 that is 30,000 per month, enough to pay for the supplies, rent and even a staff.
So think: are you just selling or running a business. Establish a system to earn money. Set a business model.
Nation building via learning and being the best in business
Semirara stocks took a nosedive losing as much as P30 billion in market value, after news that govt is no longer renewing its contract to mine Semirara which it has done for the last 50 years. Thats what the mining laws say and DOJ affirmed it. DOE under Garin says the mine is up for bid
Well coal is still impt for PHL power gen. (Despite the move towards clean energy) 95% of the coal is supplied by Semirara
Anyway the world is trying to wean itself from dirty fossil fuels, like coal. Activisits green peace especilly would like to see that coal operations stopped
Thats the power of the govt. It can kill your business. Thats not he problem with Razon, Aboitiz who know how to to play their business games. (That the bitter pill for the young billionaire Leviste)
Its better to do business where the govt power over your business is minimal (But there isnt any) In the recent case, we have to cough out P100/sm for an LGU ordinance
Nation building via learning and being the best in business
This post was inspired by a post regarding a multi millionaire who saw an old building but did not focus on the property deal but what he can do with this. There was this $50 million property and he had no $ to buy this on usual deal of making a down payment, going to bank and borrowing the balance. He made a $200,000 option up front which would be a rental, if after 3 months he does not have a deal. So he sold the idea of a membership to prestigious club with the house a palatial one for $6,000 each to only 1,000 members. That is $50M for the deal, and $10M for him to pocket
So we got two deals both worth 9 numbers controlling the property, with but P400,000. We yet to make the whole works work But its the same. The team should work hard and organize to generate the 9 numbers become a reality. We got P400,000 forfeiture if things dont work out
