Saw somewhere at a social media: story how a failing resto was turned around by a fertile mindset

Be better than before, than yesterday...

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?

Ahh said the boss this is the solution:

1.  We offer buffet at P799.00;    That still does not solve the problem of the P1,500,000 due to the owner.

2.  We will raffle a Toyota Vios to all the buffet patrons.   But thats only P799.00

3.  We will give one raffle ticket for every P3,000 one time bill, or accumulated.  

4. Still risky.

5.  Raffle will be held every 4,000 tickets received.    That will be P12,000,000 estimated revenues.

     Less the Vios of say P1,800,000 we are left with P9,200,000 gross.  And let us say we make 30% gross profit, we are left clean with  P2,760,000, not bad for P300,000 initial investment that should have gone to a luxury LV bag

FROM MASHABOOKS SUCCESS STRATEGIES

LESSONS:

1.  As all masteries in business say, start with self mastery.

2.  Develop your mind.   When your learn, you earn

3.  Constantly feed your mind with fertilize it with ideas on how to be creative and think of new ideas

     Ideas and solutions to problems abound

3.  Develop yourself to be creative and ingenious

4.  Business fail, not because of lack of money, but because owners and leaders ran of ideas, stopped developing and thinking