More tips on start ups; zero to one

Nation building via learning and being the best in business

1.  Visioning

     1  Draw of a picture of what your projects would look like when completed:  entrance, office, landscaping, workspace

         Troy to do this comprehensively   COMPLETO  INCLUSIVE  Be alive be motivated energized by this picture.   You can do a an 

         great one by working with the architect or designer to complete your vision

    2. Draft you VMBP   

    3.  Draw a road map

2.   BE violently  insane  obsessed with customer service  Be like SJ  (Steve Jobs, when it comes to CUSTOMER SERVICE he is passionately fiercely obsessed.

      observing simplicity, efficiency functionality as key features.  Improving customer experience.  Look is important the satisfaction of 5senses.  Want satisfaciton

     CS and COBS

3.  Some billionaire tidbits

     1.  Entrepreneurs go into their own venture to establish control of business and independence

         A  tradesman was working hard and was asked why working so hard/  He said he wanted to earn so much to buy tools so that he can have his own

         contracting company.  

         But the billionaire said:   you are still a working man at the control and service of somebody else:    the general contractor and the owner.

        Why not:   seek contract, consolidate workers and trade and be a general contractor yourself:    you dont need tools  manpower.  All you do is negotiate

         contracts and you get clear profits.     Adds ons % etc.

      2.  On securing funding from vcs and other funders

           They sound so important because of mumbo jumbo but a clear paradigm injected into every ones start up mind.  Input first before business

           You need capital first before you can put business.  What  do you need the capital for:   initial hires, ads, software, office equipment

          But the billionaire said to Arthur who wants a $200,000 start up funding said focus on 3 S:  (YOU MIGHT NOT NEED THE $200, 000)

          SYSTEM

          SERVICE

          SCALE

        So Arthur went home went into a deep reflection problem solving mode.   What does he have, who is market.?  What can he offer them?

        So Arthur concluded that he is skillful  in logistics and there is one logistics problem he is working on.  So he has a list of 300 logistics company whom he

        emailed offering his solution.   One replied.   They had a deal.  If he can solve the company problem by Friday, he gets paid $6,000.  And they did.  Arthur

        got the bank transfer of $6,000.   He spent the $2,500 for someone to code him a program, spent $500 for supplies and saved the $2,000

       So he went into scaling up.  He made videos of his achievement for the first user and sent the gmail again to the rest of 299 addresses  3 replied.  He offered

       $2,000 lease of his software for their solutions.  He got 3 and got contract for $6,000 monthly revenues.  

       After 3 months Arthur was grossing $80,000 a month, enough to gross him $1,000,000 a year

      He met VAnce the billionaire again after 3 months.  Would Arthur still need the VC assistance?   Naw.  You are right with your 3s.  

Opportunity in a foreclosed memorial park at the north

Ateneo Professor on Entrepreneurship

Rizal Philippines
July 20, 2019

I was invited to a meeting two Fridays ago regarding a 6 hectare  foreclosed memorial park at the  north...Foreclosure amount was P15M, with only 200 plots remaining for phase 1 (only 2,000 salable) plots.

The lady who invited me a JV partner owed her still P4 million (that was borrowed to partially pay of the lender.  Despite that P15 million pa utan.

The owner herself is hopeless.  As it is it looks really hopeless   Sales were sometimes 3 to 4 a month, not enough to pay operating expenses much less pay off the loan.

The good news are:

1.  There could be a total of 3.5 + 3 hectares more to develop;  for the 6.5 hectares available,  we can
      produce still:   6.5 x .55/2.5  =14,300 plots x 45 K  = P643,500,000.   That could:  be used for
      development  -   say

                            Development cost                                            P64,000,000 m
                         
                            Bank foreclosure                                              P15,000,000
                             and the lady lender                                              4,000,000
                         
                           and cost recovery by the land owner.                           
                           say 65,000 sm x 1,500 /per sm                           P65,000,000

                                                         Total                                      148,000,000


                                                                     Total estimated rev   643,500,000

                                                                     less 50%                   321,750,000

                                                                     Net lot price             321,750,000

                                                                     Less                          148,000,000

                                                                                                      173,750,000

                           


2.  The town is a first class municipality and classified by Wiki as financial and commercial center of
     province.  There are 25 banks in the town and there is a Savemore, Jollibee and KFC

3.  Their pricing is at P1,800 per month.  But buyers say if it is P800 per month or less tatakbo;
     Acceptable pricing is P45K up...

4. Sementado na road papuntang site; 

5.  It is nice memorial park at the hill, katapat municipal cemetery