Being independent and being in control - the goal of an entrepreneur - how a former lawyer who was disbarred chose to work on her own instead of just being another employee

Nation building via learning and being the best in business

This post watched this video yesterday.  

This was a video regarding a waitress who was former lawyer associate but was disbarred due to a frame up by colleagues and had to make do as waitress.

During a signing of a contract, she noticed and saw through the documents of  poison pill which she authored and now buried deep into voluminous contract that says that all previosu legal liabilities would be passed on to the acquirer in the merger being made (We always insert -  there are no liabilities, real or contingent and the Vendor shall protect the VENDEE from any lawsuit or claim against whomsoever at the formers expense"

Maya  revealed that the poison pill will make the VENDEE liable  for a fine of $500 milliion in a $3.7 billion deal.    The Vendee must back out of a deal because of a potential half billion dollar loss.

So when the Vendee was about to sign, she said do not sign and the Vendor was angry.  The Vendee brought the waitress to their head office researched on her CV and found out:    

       1.   She was former law associate 

       2.   She was disbarred

 The Vendee was taking in Maya and Maya proposed a deal

     1.  They file a lawsuit vs the VENDOR a thin paper work which would mean the suspension of corporate papers and the clean up

      2  Or sign an agreemetn wherein:

          VendOR would surrender ownership for  $2B sale, and remaining  30% ownership

           and Vendees clean company do the clena up for  much lower amount and using their clean

           carbon credits

      In the deal, Maya saved the  Vendee, $1.5 billion in acquisition cost plus potentiallly $500 million in 

in clean up or $2 billion total

     Maya was offered a $600,000 a year pay, a senior management position plus a new car, and residence.    Maya knowing that the Vendee the employer would sooner or later disagree and fire her refused.!

     SHE WANTED INDEPENDENCE AS MOST ENTREPRENEURS WOULD!

     Instead she would:

    1.  Be a head of lawfirm and her fist client is the Vendee for $10.00 million engagement

    2   Strike a deal with the party that caused her disbarment so that she could be a lawyer again

From a lawyer to a waitress being humiliated and disbarred, being a white knight in a deal, and reestablishing her career as a lawyer.

Lessons:

1.  It pays to be patient (as Maya did being silent for a decade in her disbarment)

2.  Hire a good lawyer and accountant as you grow in size.

3  Your action change as you lower or higher your goal.  Being on your own rather than being rich made her change her decision

4.  Beware of poison pills  (as in the case of Lopez quarrel.  Family quarrels occur as I have experienced>)

         

   

You could create a new deal when you are the end of the wall and nothing would seem to work

Nation building via learning and being the best in business

This post had a meeting with a project officer and there was a business proposal:   the partner had a 1 hectare property in mind priced at P1,000.00 per sm so for a total of P10M.  However the proponent wants us to finance the project however we had alsmost a 50-50 deal and we shouldered the cost of goods sold and operating expenses and our margins were very minimal.  

The project looked doomed since it was one sided.  The other party was a former LGU head (they seem to share the same business behavior) and was used to a raw deal:   we finance the purchase, we get 50% -50% almost And we would landbank it he does not want us to get the project approved by the LGU - ilalandbank pa.    Lugi walang roi for the 10m.

So I did not like the raw one sided deal and participate no more in this kind of rip offs

I got a brilliant idea.

What Ecclesiastes talks about wealth?

Nation building via learning and being the best in business

Then he wrote one word to describe it all: meaningless. The book of Ecclesiastes is the most financially honest book in the Bible — and the one most pastors skip. It doesn't fit the prosperity sermon. It doesn't support "follow God's principles and get rich." It says the opposite. But hidden inside that brutal honesty are five financial principles more relevant today than when they were written 3,000 years ago. The 5 Principles: ▸ PRINCIPLE 1: Wealth never satisfies — the hedonic treadmill, described 3,000 years early ▸ PRINCIPLE 2: Diversify your investments — "give portions to seven, yes to eight" ▸ PRINCIPLE 3: Workaholism is vanity — one handful with peace beats two with exhaustion ▸ PRINCIPLE 4: Enjoy what you have now — the most surprising financial advice in the Bible ▸ PRINCIPLE 5: Fear God and keep his commandments — everything else is vapor If you've ever been sold a "biblical wealth code," this book is the antidote.