Opportunities abound even for a senior businessman/lecturer

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 11, 2016

Three weeks ago, I was informed by a secretary of the GS that being 65:   I would not be renewed anymore for teaching load nor attend final defense of students.   It could be the occasion to be sad and start feeling useless.  The teaching job was a no money issue but simply that was love of leaving a legacy

However many things came out and they were opportunities, far better than teaching:

1.  Invitation to be director of a just bought rural bank.  It fits my background well because I worked in a rural bank, I put up a savings and loan association which was successful, it was bought by a govt agency.  I also established 2 financing companies and a lending investor.  I am now helping firm clarify its goals and objectives (write a business plan)

2. The owner of the said RB also invited me to help her develop her properties into subdivision and memorial park.  I had extensive experience in both.

3. Invitation from a member of the board to be their consultant, investor in the business he is organizing:

     1.  manufacturing of solar panels  (RE which includes solar is an advocacy.  I researched hard on solar financing, and this is serendipity.)

     2.  telecom, a solution to the slow internet in the Philippines  (its an advocacy too)

     3.  health care  (my teaching stint for MBAH served me well

Let me quote a portion of his email:

Jorge, I welcome your joining our organization because I feel that there is a lot that you can contribute not only in banking but the other business ventures that we are pursuing. We have for example the Solar Power company. This company I think will do so well that by the second hear I will do a back door listing which will create a value that is 1000% of our investment.

Aside from this I am pursuing a business opportunity  in the telecom industry which is going to be a game changer. I will give you more details once I close the deal. Suffice to say that it will be a partnership with Bill Wrigley whose family once owned Wrigley chewing gum but sold to the  Mars family  a few years ago for $22B. He is considered the 4oth richest man in America and I am meeting with him in Chicago on Sept 15.

He is now getting into the telecom business with a new product which they want to bring into the Philippines. What he has is capable to providing  wifi in the entire country and will also be able to enhance cellphone quality and coverage. No more drop calls. No more slow internet, plus the entire country will have a CCTV in every street where there is an electric pole. Its very exciting and I pray that I can introduce it into this country in partnership with Bill Wrigley.

So I hope that you can join us and together help me build a conglomerate that I once had. Unfortunately the conflict that I had with the family destroyed what we had successfully built over a 45 year period. This time it will not be the case. 

Breathing new life and direction into a newly acquired regional unit bank

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
July 28, 2016

I tried doing a bp myself. I am doing this for a rural bank which was just acquired and I was asked for advice on how to turn this around.  The BSP requires a BP too:

I started getting the inputs Monday, I attended their informal meeting yesterday. I started working on this this morning and was done by 12:30

3 days from input to output of a draft   5 hours to draft  What am trying to say:   You can do it YOU CAN SUBMIT THE DRAFT

I  Background:

The San Francisco bank  was recently acquired from its former owners recently, (March)   It was established on December 11, 1959 as the 235th rural bank to serve then the growing QC area area.  It has because of its managementand owners  kept up with the times.  It stopped lending for a time, has only about 1.300 depositors

It has been acquired by a group headed by dynamic business woman  who is engaged in construction, real estate, luxury goods trading and lending investor.

Its management team and Board of Directors:  include:

1.  Mr. AG   President and Director former head of a chemical petrochem plant, and now heads the first solar manufacturing plant in the PHL

2.   Mr EV  - VP and Director, formerly from from two large commercial bank

3,  Mr. EMR -  Manager of Operations, formerly cluster head and Senior Manager at a Universal Bank

Prof Jorge ideas, answers to emails from an Entrep show, shown last night at TV

Every generation needs a revolution - an entrepreneurial revolution

Makati Professional School
Makati City
July 15, 2016

Several weeks ago I got text messages and email from someone named Rheeza Candelaria who claimed to be an intern at ANC Shoptalk. She had questions which I readily answered via email, although I did not confirm or investigate who she was.  And then I forgot about them.  Last night, I found advice flashed at the ANC shop talk:

I hope you get some inspirations and more ideas from our conversation

What I mentioned in my test are formal institutions where an aspiring entrepreneur may obtain furnding:

1.  Micro finance instituions may be rural banks or institutions that are micro finance companies whose main purpose is to lend amounts of not exceeding P150,000.   They may be collateralized or non collateralized.  They are patterned after the Grameen Bank established by Mohammad Yunus.   They are usually clean loan, secured by joint and several commitment of a group of borrowers and paid regularly (weekly very much like the 5/6 of Bombay)  The group members undertake to collect from the members of a group.

2.  Cooperatives -  refer to credit cooperatives.  From what I know, one can borrow up to 2x your contribution to the cooperative.  Thus if your equity in the credit cooperative is P1,000, you can borrow up to P2,000   This encourages thrift, capital formation (that can help other cooperative members)   And the arrangement doubles the amount available for starting a venture.

3.  Grants -  There are foundations that gives grants to foundations and religious groups to fund projects of cooperatives neighborhood associations  I know of a priest who was able to obtain a grant from a Canadian donor in the amount of $1 million (P40 million) over a five year period. for Aetas in Tarlac.  They are to be used for schools, markets and livelihood project.   I learned from an MBA student, a Japanese expatriate working at ADB who said that ADB through him lent $5 million to DTI who in turn to Small Business Corp lent it to entrepreneurs.   through Tulong sa Tao page 28. Please further various govt programs for micro credit by various govt agencies

4.  Angel Investors  

      They are few and as luck would have it, SM was said to be have benefited from such angel investor:  the M is Mr. Senen Mendiola who gave assistance to Henry Sy early on, and the large fast food chain was helped by a furniture manufacturer in Cubao when he started .   Apple was helped by angel investor when such an angel lent Steve Jobs cash and credit in the amount of $200,000 total to start Apple.  They failed to get financing from a bank.  

     Dennis Mendiola founder of Chika got a boost from Oscar Reyes, former chief of Pilipinas Shell. Angel investors who are retired or semi retired business executives and entrepreneurs lend not only money but their expertise and network to t he business. But they demand higher than ordinary returns.

    We heard news that there seems to be a movement for growing number of angel investors

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Hi  Rheza:

From Entrepreneur - 10 ways to fund a start up

Answers to your follow up questions:

1.  Crowd funding is inviting possible lenders, investors, donors via the net. You present your offering business plan, as to banks or venture capitalists;  you make your pitch via the web (there could be apps or website for this) and try to get funders, lenders investors become interested in your project/product.  There are many ventures abroad that were financed/funded via crowd funding.  So parang inbound ang procedure (as in inbound marketing) Rather than outbound, you actively search for funders.

Quora - crowd funding platform in the Philippines

Those that are available are:

Upbuilds

The spark ;project

Go Get Funding

Crowding for start ups

Kickstarter

2.  Donation and grants for start ups

Multilateral agencies and NGOs donates, gives to communities and individuals (and other NGOs charitable institutions too) seed capital for starting business that are to be paid forward, or paid soft interest especially in devastated areas by calamities or catastrophes or that are impoverished.

You can get donations and grants via crowdfunding too.

Raising money for non profit org

Grants gov in the US -  How to obtain grants from Federal Agencies