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
6. Audacity and courage to take on the risk
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