This post covers self mastery. Self mastery/improvement must come first before you can improve performance and outputs. You cant be a businessman or an entrepreneur or be rich unless you improve your self
The author thinks in terms of chess most of the time, prescribes these chess moves as mental models:
How to become a more strategic thinker
1 - Control the Center just like in boxing. This derives from chess. E.g knight controls 8 square at the center, But only 2 at the corner.
2- The True Value of a Piece Synergy. A powerful piece and a pawn in diagonal can be very strong
3 - Position Over Submission
4- The Initiative - The one who is the leader makes the other reactive is weaker. He is follower
5. The Hardest Move to Find - sometimes this is resting, retreating
6- How to go even deeper
Having a better mindset is a key to success. Peter Senge in 5th Discipline says that.
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My official rank now is a consultant for the company this post has established and been running for the past 42 years. This post turned over the management to children and because of difficulty with child rearing and lack of constant communication, morale, output have been down.
This post was forced to get out of retirement, put on the boots and work.
The first aspect that I looked into was hiring, orientation. Last Sunday I went to an outlet in the north to do the training. Lo difficulties, despite the claim that the staff (two 2 and 3 years tenure had been trained)
1. The chief at the outlet did not read the memo organizing the orientation
2 The staff whom I instructed to relay and asked to have the boss call me while on travel failed
to respond if she had called saying she was busy
3. The same staff came late (at 7:30 instead of 7:00 as agreed upon)
4. The orientation was used as an alibi not to sell and do other pending jobs, despite it being
scheduled so as not to interfere with daily work
5. The team building was not done on time, and if done a different one was made.
6. The exams were done haphazardly as if to get by
So clearly there: is at least
1. Communication problem
2. Attitude problems
3. Problem of focus
4. Problem of acceptance
5. Loss of morale: pride in self, company
6l Lack or determination, forcefulness and hard work
This is a big challenge for family businesses especially for oreintal companies. Typical story: Fahter builds a business empire and he looks for a successor in the organization. His daughter is not ready and chooses a next in line as a successor and induces marriage between the candidate and daughter (or son)
And then despite the pre nupt, drama ensues.
Couple this with patriarch having a mistress and then more drama.
Typically I would like to see such SIL as the fortunate ones and are not motivated as much to work, he having been assured of easy lire as member of the family
The culture of entitlement and being family ensues. And the fall of the empire built by the father follows
This is very familiar in K dramas. About love relationship of a daughter working as doctor with a colleague, , and the chairman is the father. The suitor, fiance has revenger plans vs the chairman, and the protagonist pushes the lady love away, the lady love falls for a bad boy.
And the whole drama revolves around the dynamcis of succession, of love of father, or love of bf.
Its now may difficulty. How to patch relationship with daughter who hates me for being away from house in the growth period.
Then the Teacher is right. It all useless. Its all vanity.
After reflecting on the clarification of life purpose (when there is no life purpose, you no longer find reason in living) I found it to be at the moment, MAKING OTHER PERSONS WEALTHIER Going back to my lifes experience:
1. This post brought in zillions to our joint venture partners: senidng their children abroad for schools
travel abroad, hospital bills etc
2. We increased the salaries of our staff with as high as P5,000 per month (due to wage increases andwe follow one salary scale for all regions all single business unit. Thats about P60,000 a year and just 4 staff cost us a million a year;
3. Paying millions in Real Property Tax to Mun.
4. Having a multi million peso construction project with contractors (though we are not DPWH)
P100M in SL
P40M in Region 1.
This is not to mention other contractors whom we paid, other land owners whose lots cost millions' One in Region 1: P40M, + P3.7m. In Rizal: P60m, P15M then P15M
5. Encouraging former colleague to go into business themselves to also earn zillions.
6. Buying for a start four pieces of heavy equipment to mechanize our operations. The cost is 7 numbers
The former studes at MBA undoubtedly are now receiving bigger salaries and even profits if they go into ther own business
We went to one of the Tipo locators selling reconditioned HE. We were looking for excavators and we were shown a 2017 excavator and the asking price was P1,000,000 and the unit seem to fit our need: 3 tonner, with rubber track pads, low hours and nice humming engine. The executive manager seemed to be from a place I knew - the location of a barangay captain who has roots in our town. The said officer said during the hard time, the barangay captain took her and family under his ward.
We said after the Pinatubo eruption, we sent truckloads of relief goods courtesy of our then supermarket through a former board member who is the friend of the barangay captain. The barangay captaian was the right hand man of the SBMA administrator hand and if you want business at SBMA, the right connection was the guy.
The executve manager reduced the price by P50,000, and then added 20,000. Sagad.
Thats paying forward. Thank you. The good deeds you did in the past will surely come back to you.
Despite AI, PDA, and having virtual assistant, nothing beats having powerful mind. Having a retentive mind makes you the most feared man in the room. - those who can remember telephone number, what was discussedin a meeting months ago, predicting a card that will be dealth next because you mentally took note of cards dealt all ready. Some can remember 2000 items a day.
But how do you do this
1. Being passionate about developing your memory Having interest in your self improvement
2. Being focussed;
3. Repeat the name or item
4. Visualize the item to be remembered and make this odd. We remember pictures better than numbers or words. Or creating a story which may be weird or dazzling.
This post wonders if the constitutional provision for foreigners controlling business in the country. apply to a freeport zone, or near this As we were looking for 2nd hand reconditioned heavy equipment, this post found out that the business: yard owners, agents, reconditioners are all from a foreign country, It turned out for the free port zone, many foreigners from a country engaged in trouble with its neigbors dominate this industry at the free port zone: brought in painters, mechanics, fabricators, and agents. The agents dispayed the wares from free port zone in neighboring towns and its a whole system and network. They own yards and do their selling outside of the free port zone and many live at the free port zone
The trouble is they are causing a lot of misunderstanding And are difficult to deal with:
1. They forget the deal;
2. Even when there is a contract, they insist on doing it their way, departing from the agreement.
It is about the two Pharisees and the tax collector praying. The tax collector accepts and says he is a sinner. The Pharisees: felling self righteous mentions his tithes. and he not being like the other sinners.
The Priest in his homily in the Sunday mass warns us of the dangers of praying without work of mercy or feeling self righteous. Like condemning the others who a are corrupt but not stopping corruption, bad mindset in our selves
There are many formulas for success being mouthed. Some say hard work, keeping your word.
Again in the Romantic Doctors, it mentions (and as I have read on how to be bilionaires,) it is constancy to a purpose. Billionaires become billionaires by focussing on certain product or opportunity and sticking to this.
In the said series, Teacher Kim said that purpose is SAVING A LIFE. (As for the SJ it is saving a soul)
Thus if you are surgeon it means keeping your scalpel sharper even when not operating. (It means more practice in cutting through flesh, suturing a blood vessel or operation on an animal sample. Or the suturing. Or studying videos on the operation.
If you cant save lives it means you are not driving hard on your purpose.
You keep going if you stick and and think about your purpose. For teacher Kim it meant collaborating with Prof Park to set up a trauma center. It meant that to have the heart operation for the former chairman he wheeled and delt with the former chairman for facilities in current hospital (Ct scan machines) and grant for a future trauma hospital
Having a purpose being interested in it means you will continue being interested in living, even at a ripe age. I stuck to maintaining healthy and biking. and forgot about my purpose for humanity Forgot being spiritual and having such a purpose
Maybe I did not push hard for my purpose. After being disappointed sending to college 30 scholars
(who were undgrateful) just donating 4 schoolrooms, and maintaining for five years: rescue and fire fighting volunteer group, this post gave up. Having a purpose not giving up. All that matter was building a thriving business group,
I am even inspired to continue pursuing business career and goals to set up or finance a trauma center with DOH. We had done before A top line EMT system. With com, vehicles, training supplies. We tried to wrangle one with Sec of Health who became Senator Sec. Sen Juan Flavier and Sen Webb. But we never got around this because of sons difficulty
But if we become successful, we can retry. Put up one in Rizal or Pangasinan.
A Bible chapter by a Teacher said that everything is useless. And now at 74 years of age, nothing could be true. My heirs are quarelling. For most big family owned corporation this is a large strategic issues not SWOT matrix not the BCG matrix and value chain. It is family feud.
In a corporate family which I led, the family members quarelled in front of me, the consultant and the rest of their managers in a Baguio hotel. How can self interest make people uncouth?!
There are two factions now in the company: me and eldest daughter, and wife and youngest daughter. Its a power play or sibling library, past neglect etc. One making life harder for one another. They could not understand one another. Its hard being a referee. As for me I am happy backing up the eldest. I do not know what would happen to her if I withdraw my support.
I can only pray that things will be better. They are we are after all family and the business was put up for the benefit of all. Will it.
In some families, it was alleged that the eldest daughter, having left of the inheritance of billions ordered the hit on the old men
In the series Romantic Doctors, a K drama, we find that a facility need not be limited by its locstion and scarce resources. In the show,, we learn that the facility did:
1. a heart transplant
2. kidney transplant
3. grafting of a cut leg of a construciton worker;
4. laparascopy as it were a day to day event
This took place despite the residents/MDs having serious issues in their life: Cha having fainting skills in OR, Dr Yeo on unpaid debts, Dr. Kim having arm issues and MS
Even Dr. Park an academician was surprised at a depth of skills and talents. It was more than he had anticipated. Teacher Kim had the habit of challenging the juniors and not assisting those who were in great difficulties as those having difficult to control bleeding issues
The difficult lonely life and leadership of Teacher Kim spurred the team members to do his best. Teacher Kim constantly congratulates his staff for job well done. What could a learner ask more ?
Make this place a better world. What the world needs now is love.
Our goal is to make this world a better place for our children. Make your home, your workplace a much better place. Make people around you better. Pick up the trash, dust the furniture. Learn so that you can teach others. Learn a new skill to make you and others better.
But this is not happening. What do you see around you
1. This day is a day especially made by the Lord by the Lord for you today There is no other day like this for anyone today. Count your blessing and not your misfortune.
2. You are gift. You are gift to the world - to other brethren to your family, to friends, to the community
and the rest of the world. You were born to find your gifts and make this useful to others (not to enrich yourself and leave others behind and make them feel badder because you flaunt your blessings.
3 You are capable of creating miracles. You are a miracle
You were created in the image and likeness of God You acquired powers and skills that help you continue Gods creation daily. Many of the things in the world are created by humans like you. They are the products of your thought.
God enters through you and manifest His power through you All the things of the Universe enters through you and manifest through You. You are God and the Universe manifest. The beauty logic and order of the Universe shows through you.
With that awesome power, you better use this to make this world better. No one else can do this. So dont just stand there, just to live and survive
Make a dent in the Universe. Make this world awesome as others have done before youl.
This post congratulated a colleague who last August 15 was able to verbally convince a landowner agree to her proposal to a JPA because of the 1. advantages 2. adverse conditions that the project is facing
So she replied thanked me for having a good mentor
For someone who wants to be a millionaire billionaire, this was serious question and often answered with legit ones:
1. Study business
2. Be a businessman/entnrepreneur
3. Save,
4. Invest
5. Work hard
Being an employee: a programmer, data analyst, accountant does not make you rich
But now in the Philippines asking this question, elicits funny answers in light of scandalous flood control projects with the govt:
1. Be a contractor
2. Be a DP...H contractor
3. Be a politician
The recent happening gives a false sense of values to the younger people and does not motivate them probably about the old tenets of working hard, being disciplined, working for your country, being patriotic, being frugal and thrifty.
Its time we make the head lead the tail in the right way. Otherwise, we have to cut the head
This post watched the morning mass at YT today. It talks about the downside of being wealthy. It is easier for a camel to enter the eye of the needle than for a rich man to enter the kingdom of heaven. Hower this applies to businessmen who are in cahoots with politicians to plunder the DPWH and the Phl treasury for the billions they are plundering.
There are plenty still of hardworking honest businessmen. Businessmen are blessings to the world. They are vessels through which Gods bounty flow They give jobs and employment, They pay taxes. They give donations to churches. They help build churches. They finance the distribution of Bibles of the Good news Thus not all businessmen are bad
The impeachment of a sitting VP is quite a distraction. There are so many pressing problems and goals that the country faces. And many delight in the confusion and the quarrel that follows. The discussions are illogical and crazy
1. You can disobey the Supreme Court;
2. The Supreme Court may reverse itself
3. The Supreme Court erred because many of the justices were PRRD apoointees
4. The Supreme Court makes it difficult to impeach any one
However we should see rationally the SC ruling
1. The process for impeachment especially the HOR rules, the due process was violated especially
the referral to the Commitee on Justice
2. The endorsement to the Senate was not taken up, voted in plenary
3. With regards to the three previous impeachment complaint:
The Sec general was alleged to have violated the due process, because he was to refer the cases
to the Speaker, and acted within 10 calendar days, and referred to the Commitee on justice
The reading of the complaint the furnishing of the 4th complaint to SD and the presentation of
evidences was not done
Thus the complaint was:
1. Void ab initio
2. Unconstitutional
3. Violated the due process
We learn a lot from this (do not focus on the content) focus on the crtitical thinking, the factual analysis, devoid of political bias. This post learn from this impeachment, as much as this post enjoyed watching the Corona impeachment, and learned much from JPE especially about being irrelievant. relevant to the goal of the presentation and or agenda.
It is an opportunity for self improvement, and the ways of the lawyers, judges.
What you learn is what you teach yourself. Sometimes the mentor have to take steps so that you will remember:
1. Giving you incomplete information so that you search for the missing pieces
2. Difficulties and challenges so that you are physically and mentally challenged rather than
being complacent
3. Charging you high mentoring teaching fees so that you pay attention and have a sense
of engagement
Yesterday, this post went to SBU in the north. The person manning the unit was particularly challenging because: 1. she keeps on repeating the same mistakes, 2. does not communicate through the well known channels; DM,, Whats App, Gmail. But she was a college graduate. A difficult nut to crack.
We had a general staff meeting at about 10 am, after a 6 hour trip, leaving at 4:00 am, a 200 km trip.
One of the staff was absent, it being she had a MD appointment. This post also cancelled his meeting at 4 pm today. As if only this post can deny himself, and cancel his appointment Presumably, it was sabotage and insubordination but this post had no such solid evidence
The post promised to stay for a month at the sbu to correct the situation and has not given up until changes occur. Otherwise the sbu would fall apart. THIS POST EMPHASIZED:
1. 2:00 o clock waking up to make the
2. 4 am trip
3. to be at the sbu at 10 am
Also mentioned, that fellow professor are paid $1,000 a day (about P58,000) a day to mentor business person on business operation. They pay nothing, and no one experiences or learn the kind of learning being disseminatted today
The post was happy that the aura of the one in charge was better and had better response on the teaching of the marketing plan. I promised to help her and secure the help of third party prepare the marketing plan.
Today she was improving and teaching herself. to learn.
This can be likened to Lateral Thinking by Edward de Bono. Ot thinking out of the box They now call it reverse thinking. This is thinking off the beaten path or the road often taken You employ another approach on the problem. As it were reverse engineer the thinking process and therefore arrive at a more brilliant solution
Most innovation comes from problems, from what pisses you off. And the solutions may be brilliant and can come from reverse thinking
You may call it pride, or megalomania, but successful people, millionaires and billionaires exhibit extreme confidence in themselves. More than anything in themselves. So in the class we conducted we usually have this self affirmation exercise. Saying in the class: " I am the best" of posting in you tube their life story showing confidence in themselves. Some requested that their vids be erased because of privacy issue. I acceded to this because these people cant amount to anything because they can t affirm their identities. How could they be proud of their products or company if they tremble at their privacy
These are the ways I express my confidence by saying:
Starting a business, maintaining it is the ultimate test of your character: courage, determination, persistence, integrity, people skills etc. You can fail if you have a flaw in your character.
This is discussed in 5th discipline by Peter Senge. This video lists mental models we can use
1 Maps and reality dont match
2. Focus on your circule of competence
3. First principles (eg believing that launching rocket is an expensive enterprise) Find the first principle. Eg. that costs of launching rocket is only 2% of total costs.
4, Test your theory vs reality with experiment
5. 2nd order thinking
6. Probalistic thinking (degree of confidence) vs results
7. Inversion (what can be worse so that we can avoid mistakes) What can be stupid?
8. Occams razor. The simplest explanation is usually right.
9. Hanlon razor - things happen not because of malice but oversight
Mr. John Rockefeller when he was young and studying was taken out of school picture at the request of the photographer for not being pleasant looking It was degrading and demotivating to be excluded from class picture that he would be greatest man wealthiest man ever...This was contained in 38 letters to his son (which later became a book)
So a negative should be a demotivator. It should be a motivator.
We should have a relentless self belief that we are the best
A businesswoman from Cebu stayed in a hotel overnight in Makati and was being charged P4,500 for the overnight stay. She asked how come. The receptionist said the price included breakfast, use of gym and swimming pool However she said she did not use the facilities and why would she be charged for this Also she was doing business advisory and consultancy for the hotel. Because it is not being used she is not charging for it
The owner, boss of the hotel heard the commotion, asked what was happening and apologized for the misunderstanding. He just said it is on the house.
The lady overhead though that it is the end of the month and they would not be able to pay the rent of the building.
Lady q - How much is the rent?
Answer P2,000, 000 per month
Q: How many total rooms and how many are occupied
A: 80. Only 35 are occupied
Lady: Suggestion
1. Tie up with car wash repair shop to tie up with hotel at P1,500 per room. If you have 10 car wash
enrolling for 10 each that is P150,000 + x 30 = P4,500,000
2. Offer unli voucher for P20,000 for frequent travellers. Aim for 1,000 subscribers. Thats 20 m!
Thats a lot of addition to revenues and cash flow that will solve your rental problems
Did the lady earn her P1,000 freebie? What do you think of this unique ideas? Innovative, amazing to solve both marketing and financial issues.
Will you able to think of similar strategies/moves, bordering on tricks or scams.? Or regulatory limits
Some of the better businesses are in entertainment and what could be better than the bar where students, workers, and the elite gather at night to relax and be entertained. But how do you acquire man
From Mashabooks:
A millionaire lost all his money and had P40,000 left. But he has still an Armani suit with him. He went into a bar and thought of how he can recover if he invests in a bar. He toyed with the idea of investing in a bar. He talked to the owner. He said P80 million.
Ok he said P100,000,000 . I will pay you P10M up front see if the business is good and pay you the balance in one year. If not I will let you keep the P10 million
So on day 2, the new owner called the 5 managers for a meeting Ok if you put up P3 million each, you will receive 8% share in the bar. (or 40%) He will return the money in 1 year. To which they agreed Thus he got P15 million, paid P10M to the owner, and has P5M as operating capital Then he announced to the manager of his marketing and investment blitz. GC your contacts:
He will have customer investor day, and food and drinks will be for the owner.
He welcomes investor of P2M each who will receive P2M worth of gift check for food and drinks;
He will return P2M at end of 1 year
2.5 at end of 2 years
3.0 at end of 3 years
5.0 M at end of 5 years.
400 guests came to the bar and 200 signed up for the investor deal. He grossed P400 m, he got the 90M to pay the owner, and 15M to pay back the manager. Brilliant eh.
The principal is lucky because it does not usually happen that way. Maybe a fairy tale
This calls for:
1. Creativity,
2. Frugality to come up with P500,000
3. Salesmanship to convince the bar owner,
4. Integrity so that they will trust you
5. Creativity and ingenuity to come up with the deal
Two decades ago, Nonong Pedero (of Celeste Legaspi fame) posted this in newspaper columna dn called this reinventing
Today Elon Musk calls this recreate, restart, (reboot?(
We cant call ourselves retired, or done when we are 50. The next 50 will be as productive or better depending on how you reset. Make it better. Stop defending what you have started because you will just get stuck up on where you were:
1. What do you deeply care about? What is your purpose?
2. What does not make you sleepless at night?
3. Where do you encounter most friction (or makes you most afraid)
If it does not fall under any of these categories, you are not reengineering yourself much
I think I will pursue other fields not finance or real estate anymore but in agriforestry or real estate (farm lots with agri forestry) or high value food production. Or even food processing. Then we go to the bottom of food security, and what ails the nation. There is still much to be done
That means I have to work harder. I need to make myself stronger and healthier. Talk about dim and foggy eyes and HBP. I will overcome this
Elon Musk who is now at odds with Pres Donald Trump (the latter threatening to deport him) heads X, Space X, Neuralink, and Tesla and now the richest man on the planet. Though he failed 1000 times, there were 3 events where he said he cried.
Nothing to be ashamed of because this is a reset A reboot. When there is all ready plenty of noise and the leader has lost clarity. This 3 events (SIP for Andrew Grove?) made all things clear later on:
1. When he was kicked out of X com which later on became Paypal
2. When both Tesla and space x nearly became bankrupt;
3. After Dragon had a third successful launch
The reset and clarity that came in:
1. For Xcom, choose your partner well and watch out signs for future coup de tat, and protect yourself
From the $150 million he got from the X com acquisition by Ebay, he invested in space X and Tesla
He discovered that business is not just about coding and software, there were other businesses as well
2. He became more conservative and worked harder at Tesla and Space X when they nearly went bankfrupt. He had to devote himself to just 3 things a day, and not micromanage the noise around
3. The third was more frightening for him. Because the successful launch was just the beginning and mean more challenges for Space X. The challenge of Martian community is 1,000 times more challenging and difficult than the simple orbit launches they made. Bigger challenges lay ahead
For Elon, failures are challelnges and learning and they should make you better and stronger.
If you are a businessman, (ie earning for yourself, not employed) you cant scale up. You must scale up, and neither can you scale up yourself and/your time because they are finite. The only way is to multiply yourself via other people (OPL other peoples labor)
Always the key to mastery of business is mastery of self, ie, self improvement
Once a businessman rode a taxi from airport to his hotel. And asked him how much he makes in an ordinary day. The later answered about $800.00.
"What routes would be most profitable and why?"
Ans: " Trips like this to the airport which takes in about $1,000.00. "
Why dont you take in more airport passengers to and from the hotel.
Ans; " I dont know how"
Businessman: "This is what you can do. Talk to hotel or airport staff and give your phone number. Say that for every referral to you airport to hotel and vice versa passenger, you give him/her 5% commission. Within the day."
"That is great But what if there are all ready other engagements and conflicts."
Ans: " Build a network of other taxi drivers. You can split revenues say 70 -30 with them. After the 5% to the referror, you still gain 25%. For 10 pax, you still get $2,500 which can net you, on top of your $800.00 per day. say 26 days in a month, $65,000 a month or $780,000 and you can be a millionaire in 2 years.
Brilliant eh.
LESSONS:
1. Great ideas abound, you only have to think and be creative
2. Dont be afraid to be mentored or ask those who are more experienced;
3. Creative and smart thinking beat hard work.
4. Others stay poor because they are stuck to routine, and or fail to think
A rich expanding mindset, employing reverse thinking can turn around a failing business and make money for the owners. After all, capital is not money. It is from capito - head that makes money. A thinking fertile mind know how to source money and create more.
There was story and this was gleaned from Mashabook Success Strategies that tells of the boss and his assistant who just got from a seminar in BGC. The boss asks the assistant what her desire were: to get a LV bag worth P300,000 and a car. The boss said he would nt do that. May be he will give her a business.
So they stopped by a Korean restaurant that does not have much traffic. So the boss asks the owner how much would he sell the failing Korean restaurant. The latter said P1.8 million So the boss proposed a deal; How about giving you an option money for P300,000 (the money for the LV bag) and we try the business for one month If it is good we continue and fulfill the P1.8 million purchase price; if not we forfeit the P300,000 and consider it a rent . The Korean resto owner agreed it being seemingly a perfect risk free deal.
The boss said to the assistant. Now you own the resto. But follow what I say. The assistant panicked: how will I able to pay the remaining P1,500,000?
1. Tomorrow, place this ad announcement: " Free soju that you can carry with one hand."
2. Free soju some more for those who will publish this on tiktok instagram or FB; they can bring their friends.
3. Soon the resto was buzzing with activity with those availing of free soju promo
The next problem: what if the prospects just availed of the free soju?
Last Sunday, a neighbor passing by in front of our house saw me while I was sweeping leaves on the road in front of the house. She mentioned of another neighbor who needs 6 numbers in loan. This post chided her for always taking up business on the street not much different from a taho vendor. I said I will relate this to the people who know that aspect of the business. And so I did.
It was a day before the estate tax amnesty deadline so we had to move fast. I tried to have the parties update me on the said transaction. The other neighbor who needed the loan: 1. Did not present the documents 2. Did not show up 3. Said they were willing to pay up to 5% per month. We would charge 2% at most per month
It was reported that the proponent had a pares business at 3rd floor of a building (and therefore incurred huge losses) and was paying sky high rent. The loan proceeds would just be used to pay off another loan (bad). The ownership of the property being used as security is not theirs being adopted (the parents are childless and they were two adopted - trouble ahead) The property is intestate and would probably pay huge penalties
Some people will remain poor:
1. For lacking etiquette in doing business;
2. Some people lack clarity and would like to go on transaction that are unclear and would result in
misunderstanding in the future.
3. Greed and selfishness persist
4. People make poor choices that is why they will remain poor
This post attended a meeting with my relatives and an in law who is just elected legislator. the idea being to get him intested in a livelihood program for his constituents.
One of the objectives is to get the properties of my uncle overtaken by squatters to be made productive through some of the govt programs: forest farming, or the timber or bamboo farming.
But the lawyer, lawmaker doesnt have the spark in my view to go into business. He just wants to go by the trajectory of legal - to be a judge. He has deep roots in the brotherhood of FRRD .
He said he would study the various programs, and this post hopes he does.
Is the Philippines going to the path of socialist state. There is no shortage of projects that aim to make people work less and be dependent on dole outs: AKAP, AICS, 4ps, the seniors universal pension. Less and less of initiative, industry and determination if being asked from citizens. Thus we are danger of losing supporters of the nation due to decreasing number of taxypayers (remember the tax exemption of factory workers, low wage earner is P200,000. So what do we resort to:
1. Increasing burden of taxpayers - they paying more
2. Borrowing
And for the latter we complain that our future generations are all ready drowning in debt even before they are born We are, our government is asking for this situation Wise fiscal management and governance have escaped the heads of our honorable statesman
The govt is supposed to lead the country, provide stable policies, peace and order, but not a super ordinte ATM Wherever they get the idea for the latter.
Business taxpayer bear the burden for development. We need investments, factories, productive enteprises, not ayudas. etc.
Having more money is the result of your mindset, attitude about money.
If your are generous, you will be generous with money.
If you think money is bad, source of all evil, then you will sabotage money making
1 Money is tool, is a means to achieve things. Not an enemy, or a problem Money should be your ally.
2. Time is worth more than money You can recover money, but not time (So that you must use money to buy time) Make more money by using less time. We only have 24 hours a day. We must know how to use time wisely.
3. Invest in yourself: education, training, skills. Not in cars house, luxury. Never stop learning, improving. If you improve, more php comes as a result.
Start changing your mindset.
1. Be thankful
2. Invest time in self improvement. Even if it is little
I am very senior now and my expectation in business is that I am done after long years of mentorship, with follow up and getting fired up and kicking ass. This post expect the junior, now turning to seniors to exercise and practice leadership
I expect my subordinates to:
1. Make recommendations for sound judgement and have weighed options all ready for decision;
2. At their initiatives, fdollow up their timelines and contractors, without need for me to do the follow up
3. Me not repeating many times procedures that need to be followed.
4. Having the discipline for clarity and goals.
That is not happening yet.... Many lack determination and discipline
Yesterday, this post scheduled a regular updating meeting at 4 pm. One of the participants came in a bit later and he was limping. About 2 weeks ago, we met with a business partner in Antipolo and after that he fell ill and afterwards, this seemed to have triggered a gout flare up and he was not well. This post scheduled a meeting last Thursday, which he said he could not attend and had to reschedule this today.
Really health is wealth. You need healthy mind and body to run a business. You cant think well, function well iif you are ill.
Invesst in good food exercise, relaxation, good night rest. Be well.
We have an officer who shares his pressmatt being sent to me to the other party in a business deal. I told him to be wary of such sharing. When they learn of the numbers, they would be more prepared for counter attack and/or leave us at the table.
Is all right to keep certain things secret in a nego or give all. Information knowledge is a resource and it can t just be shared.
A relative was ranting about his former business colleague whose ways changed after he worked in a free port. It seems that his MO now is to get big people get on a deal, and get his fees up front. An investment banker, or an influencer who always goes CIA. (Cash in Advance)
He now does not want to deal with the guy.
He is now out of the govt and back as private citizen. Would you do business with this guy?
My uncle and I were discussing a citizen who has plenty of money. He was reported to have sold 3 mountain sites to foreigners, who excavated the soil to be made into artificial islands near his province. They were built to be military installations, and firmed their claims on these islands.
If you had such lands would you do the same?
Would you commit such treachery? (On the other hand you are very very richhhhh!
We probably surprised the caretaker of the families 33 hectares estate: there were being loaded probably 50 to 100 kaing of mangoes ripe for distribution, to be loaded in 3 jeepneys. According to my companion, the caretaker has 7 tricycles and other assets.
Probably not being closely supervised. Or simply we have plenty of people who are not Christians and who are not trustworthy. Obviously not simply burying the treasures of the master. But stealing and destroying them.
While we try to take care of assets so that they will benefit the most.
As a senior, one of my missions is to mentor progenies and understudy to become successors. But I forgot that leaders are products of being born, trained, or by serendepity. And not everybody can be an entrepreneur, or a business leader. Only a select true.
I found this out the hard way, Despite yest and cordial meetings, the trainees when met by hard stuff, falter and crack up. And end up worse than they were before. So back to square one. Start all over gain and or select a new crop
A son who just graduated from a prestigious grad school of business, was assigned by his father to lead and manage his construction company. Months later the construction company was in shambles: costs overrun, projects delayed. The father investigated and found out that the cause was poor communications. As a MBA grad and prestigious school grad, he practiced the civil and respectful communications. However as I discovered early on (we worked closely with contractors for road development and house counstruction) , communications with construction workers is nearly just like a shouting match always. A civil communication would not work. They would not listen Communications with them has to be intense and forceful.
Somebody is selling his/her book online regarding People Skills. People with technical skills can not hope to improve climb up the organization unless their people skills improve. Related to Michael Gerber book on same topic.
Thus common examples:
1. You will have nice parking spot if you buy the parking attendant coffee;
2. The waiter in an event will give you best choices if you tip him/her generously up front (not after
having a meal.
3. If you treat a food server badly, or say stewardess, she/he may spit on your drink or coffee
Success is people. Deal with them well. Thus "How to Win Frineds and Influence People" is a good book
This post opted for investment in real estate rather than educ plan and did not regret this, for children's education. At that time CAP was the in thing and many were selling me educ plan. The most popular was headed by a batchmate in college - Sobrepena.
It was more convenient and safer for me to manage my own assets. My RE could appreciate, and I had option to sell or borrow from banks when the time comes I was right in my decision.
Tuition and other school fees shot through the roof during Cory's time and many plans folded up. (Just look at the OIC list - they have only 8 surviving plan company out of hundreds at that time)
Did I make the right decision? Can we right all the time?
It was reported that there was a reunion sponsored by the eldest of my now deceased brother. I was univited and thus did not attend.
The sponsor threw some bad unpalatable words to this quarter and does not deserve my respect. As it usually happens in a clan where communication can get distorted. However I tried my best to uplift the family economically and unfortunately this effort was not recognized. Without that effort, no such reunions are not feasible.
God bless. We all live in the service in the upliftment of others
