Running a business (following blue ocean strategy ERRC)

Nation building via learning and being the best in business

by a Little bit better

The writer seem to be have employed the ERRC matrix which comes from the Blue Ocean Strategy.

The writer,vlogger lists down 9 steps in running a business

1.  Idea ideation is practical.  Can you get somebody pay you for the product in 48 hours.  If not dont go.  Its just like having MVP (minimum viable product)  Dont sweat out the website or the business plan, or the office lay out,  You waste time.  Find out if the idea works, and if even would pay you for he product idea.  No go if it wont take off

2.  Positioning.  Dont just be the ordinary product   Dont go on price war

3.  Premium offer -  exceptional, outstanding, out of this world, that the prospect cant refuse

4.  Marketing -  no one has such a product  because you used ERRC -  you reduced cost under eliminate and reduce and increased value through raise and create

5. Sales -  you fix a problem when you know the pain.  You are like the doctor.   The author said that when she applies, she asks before the interview:   what are the problems of the manager, and how do you fix it.  95% of the time she gets the job

6.  Profit  - take it first, then the tax, expenses, and others 

7.  Buy back your time    Hire first  admin (accounting hr) delivery, marketing and then the core:   your

     main interest and expertise...  say baking or editing.

8.   You are not building a product  Your secret is a system:   Like McDonald.  You have uniformity.  Thre are no experts but plain people  so you build a system so that the process is repeatable

    How:  1. You video

              2.  You document via AI

  

             3.  Have a checklist

              4.  See if it works..

Resurrecting a what could be a dead deal

Nation building via learning and being the best in business

We walked out from a multi million deal, because it had forfeiture provision.   And margin was very thin, because of the amount involved we will get only 25% ROI on total amount invested -  definitely not a way to conduct business.   But lately I thought about this if it by adding income from two other activities, the ROI can be improved, and restructing the deal,  DP, and  JV on the rest for stress and risk free payment terms.

It is a long time.  The assistant assigned did not do anything about the undesireable provision.   And we inquired about revival possibilities .  The land has not be sold due to its vicinity to the  special use.   And the other one they did not like the term,  The other baka walang pera   

We could earn from the deal, about a  9 numbers.    Its just about reframing the deal, and changing the deal structure

The partner in the said island asked for the cash flow But definitely the deal I have in mind makes the project doable and less risky and a chance for the upside

Reviving a dead deal

Adverse and less friendly business environment

Nation building via learning and being the best in business

One of our units in NL   is facing multitude of additiona business expenses:   one a P2M fine with regulators (our fault for failing to attend to this promptly it would have been a tiny penalty)  and one an 11M tax slap on supposed back taxes for failure to reclassify the property.   The dp was ok, and period of repayment was 18 months but later reduced to 12 months and 11 months.   

To top it all the landowner, the jv partner did not have money and was balking on paying and or us getting the payment and paying the interest.

Certainly this is not the type of environment that we need to face... We can have better business elsewhere.  Killing or stepping on goose that pays the taxes?   

That explains why:   lesser FDI, unemployment , under employment is high, and GDP forecast is at 3.9% no longer 5 or 6%.    

We are looking at at least 3 business opportunities with a B potential revenues  in friendlier environmetn with better demographics and location