Ateneo Professor on Entrepreneurship
From newsmax
Newly installed France President Francois Hollande will call for additional 20 billion Euros in new taxes and cuts in spending of 10 billion reducing deficit from 4.5% of GDP to only 3%. The new taxes will include super tax of 75% for individuals and companies who earn more than one million euros.
The news was welcomed well by the bond market. The 10 year bonds yield went down to only 2% and it is predicted that next year's average will only be 2.9%
There are still a lot of challenges like unemployment which is the highest in 13 years.
What lies ahead for Europe's second biggest economy?
Do you agree with this new policy in France?
Is it OK to impose the same in the PHL? In US?
If you were a millionaire, would you agree to this? Or you will flee your country?
Saturday, September 29, 2012
Friday, September 28, 2012
Great places for start ups in the US
Ateneo Professor on Entrepreneurship
From Entrep.com
There are 10 great places for start ups in US. You will be surprised which are great places for start up; great ecosystem for starting a business. Some of them:
l. Long Island, New York;
2. Hoboken, NJ
3. Boulder Colorado,
4. Stamford, Connecticut.
Never heard? Read more.
From Entrep.com
There are 10 great places for start ups in US. You will be surprised which are great places for start up; great ecosystem for starting a business. Some of them:
l. Long Island, New York;
2. Hoboken, NJ
3. Boulder Colorado,
4. Stamford, Connecticut.
Never heard? Read more.
Mark Z of Facebook talks about FB up and down
Ateneo Professor on Entrepreneurship
From entrepreneur.com
Mark Z made his first public appearance since IPO of Facebook at TechCrunch disrupt conference. (Facebook still continues its nosedive; as of this week, by another 11%). He explained at length on FB acquisition of instagram, why it is not having a smartphone.
He talks about success and failure of FB and some advice:
l. Be where the customers are;
2. Recognize mistakes and be ready to pivot;
3. Find balance between business profit and service. Read more
From entrepreneur.com
Mark Z made his first public appearance since IPO of Facebook at TechCrunch disrupt conference. (Facebook still continues its nosedive; as of this week, by another 11%). He explained at length on FB acquisition of instagram, why it is not having a smartphone.
He talks about success and failure of FB and some advice:
l. Be where the customers are;
2. Recognize mistakes and be ready to pivot;
3. Find balance between business profit and service. Read more
From entrepreneur.com - 10 reasons why entrepreneurs fail
Ateneo Professor on Entrepreneurship
From entrepreneur.com
Why do start ups fail? Why do business start up entrepreneurs, buoyed by the opportunity scanned, their fiery passion, and well written business plan end up as failures (fail to execute well and reach their planned objectives?)
Some causes advanced are:
l. No written plan (I had 8 students in the last class who did not write/submit their business plan, a sure recipe for failure;)
2. Too thin revenue in the business model (most students failed to write the Sale-cost computation and estimate the Value Added)
3. Cant execute: cant manufacture the product well in right quantities; cant sell, cant collect...
4. Inexperienced team
5. Wrong budget estimate, cap ex, working capital estimate. Read more on causes of failure
From entrepreneur.com
Why do start ups fail? Why do business start up entrepreneurs, buoyed by the opportunity scanned, their fiery passion, and well written business plan end up as failures (fail to execute well and reach their planned objectives?)
Some causes advanced are:
l. No written plan (I had 8 students in the last class who did not write/submit their business plan, a sure recipe for failure;)
2. Too thin revenue in the business model (most students failed to write the Sale-cost computation and estimate the Value Added)
3. Cant execute: cant manufacture the product well in right quantities; cant sell, cant collect...
4. Inexperienced team
5. Wrong budget estimate, cap ex, working capital estimate. Read more on causes of failure
Saturday, September 22, 2012
Abject Lesson on MVP split with Ateneo
Ateneo Professor on Entrepreneurship
" Failure to manage one’s affairs – such as weak institutions, failed regulatory agencies, corrupt enforcements – do not mean a particular business is per se evil, as suggested about mining in that Jesuit Paper,” he said. “It is man’s frailty – Filipino frailty to be exact – that should be blamed, not the business.”
“I’ve already pointed out the examples of good mining practices elsewhere,” he added. “Indeed, the Filipino’s failure to manage well is shown in almost all facets of our lives – poor airports, poor sewerage, unclean air, mediocre economic growth. The list is long. Our preponderant task as a people is simply to do better – to strive for excellence. Isn’t that the Ateneo motto?”
These were the famous lines from MVP to Fr. Jett Villarin, Ateneo president.
But the goal is to excel to be better.
That is right it is the Ateneo motto. It is about self mastery.
It is entrepreneurship.
So we can not say the government or this or that has failed.
It is simply that the personal mastery of people running the affairs of that institution has not been up to par.
" Failure to manage one’s affairs – such as weak institutions, failed regulatory agencies, corrupt enforcements – do not mean a particular business is per se evil, as suggested about mining in that Jesuit Paper,” he said. “It is man’s frailty – Filipino frailty to be exact – that should be blamed, not the business.”
“I’ve already pointed out the examples of good mining practices elsewhere,” he added. “Indeed, the Filipino’s failure to manage well is shown in almost all facets of our lives – poor airports, poor sewerage, unclean air, mediocre economic growth. The list is long. Our preponderant task as a people is simply to do better – to strive for excellence. Isn’t that the Ateneo motto?”
These were the famous lines from MVP to Fr. Jett Villarin, Ateneo president.
But the goal is to excel to be better.
That is right it is the Ateneo motto. It is about self mastery.
It is entrepreneurship.
So we can not say the government or this or that has failed.
It is simply that the personal mastery of people running the affairs of that institution has not been up to par.
MVP, business tycoon, former chairman of school Board of Trustees, splits with Ateneo
Ateneo Professor on Entrepreneurship
From Phil. Daily Inquirer
Mr. Manuel V. Pangilinan, head of Metro Pacific Group, now embroiled in controversy with Enrile/Trilllanes tiff on China backdoor negotiations, called it a day with his alma mater and beneficiary of generations, Ateneo de Manila University.
MVP cited in his letter his decision in a letter to Fr. Jett Villarin, AdeMU president. The SJ, or AdemU presented its views on minining in a Jesuit Paper written by the SJ head in the PHL, Fr. Jojo Magadia. The split came over differences on stand over mining laws and the RH bill. (There was an issue earlier over a plagiarized graduation speech at AdeMU by MVP)
MVP through the mega companies he controls: PLDT, SMART, has supported Ateneo with huge donations: construction of school buildings, facilities and support for the Ateneo Blue Eagles.
He felt that by this split, each one would be free to pursue his advocacy;
He said that by having different opinion, he felt like a " fool helping an institution which opposes his views diametrically."
It is not that the business is bad but that of a "failed institution" Our goal is to be excellent, to be better, even citing the Parable of the Talents and what Ateneo teaches (magis)
He said that he is saddened by these events (so with other AdeMU alumni, and so with our difficult to undersand mindset as a people and institution..)
It is a sad day for the country, the alma mater, and business entrepreneurship's ecosystem
We should be grateful to MVP for his generosity to MVP, to wish him well and rest of the country.
Read more about the MVP split with AdeMU at Inquirer.
From ADSLU - more on MVP withdrawal of support to AdeMU
From Phil. Daily Inquirer
Mr. Manuel V. Pangilinan, head of Metro Pacific Group, now embroiled in controversy with Enrile/Trilllanes tiff on China backdoor negotiations, called it a day with his alma mater and beneficiary of generations, Ateneo de Manila University.
MVP cited in his letter his decision in a letter to Fr. Jett Villarin, AdeMU president. The SJ, or AdemU presented its views on minining in a Jesuit Paper written by the SJ head in the PHL, Fr. Jojo Magadia. The split came over differences on stand over mining laws and the RH bill. (There was an issue earlier over a plagiarized graduation speech at AdeMU by MVP)
MVP through the mega companies he controls: PLDT, SMART, has supported Ateneo with huge donations: construction of school buildings, facilities and support for the Ateneo Blue Eagles.
He felt that by this split, each one would be free to pursue his advocacy;
He said that by having different opinion, he felt like a " fool helping an institution which opposes his views diametrically."
It is not that the business is bad but that of a "failed institution" Our goal is to be excellent, to be better, even citing the Parable of the Talents and what Ateneo teaches (magis)
He said that he is saddened by these events (so with other AdeMU alumni, and so with our difficult to undersand mindset as a people and institution..)
It is a sad day for the country, the alma mater, and business entrepreneurship's ecosystem
We should be grateful to MVP for his generosity to MVP, to wish him well and rest of the country.
Read more about the MVP split with AdeMU at Inquirer.
From ADSLU - more on MVP withdrawal of support to AdeMU
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