Every generation needs a revolution - an entrepreneurial revolution
Officially or unofficially I am out of the teaching staff of the school, thus I could not be accused of disloyalty as I touch unpleasant things in this post. I cherish the years that I was a part of the teaching staff. I value the friendship and the knowledge I gained from the colleagues and the encouragement of the former leaders and managers.
Lately and I am disappointed with management and leadership of that school:
1. Despite the meetings, the current boss is far removed from the teaching staff and never really get to know them/us. I think he thinks only he is the best and can never be wrong. The cluster heads are not much different.
2. Despite the presence of young blood in the management, I never saw any innovation nor any change in the school. The balding senior leaders of yore were much much better than the young dynamic(?) leaders now. From what I know despite the restructuring, enrollment was halved, and great teachers have all ready left.in droves (I included?) Despite the strategic knowledge that in the school, the CSF are the experienced teaching staff.
3. Despite priding itself as a school that is an expert in strategic management, it missed the strategic intent and issues and thus is now lagging behind other business schools.
4. Despite the vaunted courses on leadership and management, only a secretary told me that my time is up since I am 65. I did not see my cluster chair, my program director about this changing moment in my life at the school. Where is the HR Or the Leader of the School? I did not even get a goodbye or pat in the bank? Too busy with the University of the Bun? It all could end like this. Where are the men and women for others? Where is the Ignatian spirit and leadership that we are teaching? There is a great divide between what we teach and what we practice?
Thanks to all my former students and colleagues.
Monday, September 5, 2016
Friday, August 26, 2016
Filipino entrepreneur at Silicon Valley
Every generation needs a revolution - an entrepreneurial revolution
Rizal Philippines
August 26, 2026
A Filipino entrepreneur is making waves these days. His name is Alan Carascaso who heads a company that matches funders with start ups. (Match up Commerce?) He was featured at CNN this morning.
His advice to tycoon wannabees:
1. Have compelling vision (some say mesmerizing, enchanting) main value proposition
2. Execute well
For this you need a great team, and even search for mentors to help you succeed.
Rizal Philippines
August 26, 2026
A Filipino entrepreneur is making waves these days. His name is Alan Carascaso who heads a company that matches funders with start ups. (Match up Commerce?) He was featured at CNN this morning.
His advice to tycoon wannabees:
1. Have compelling vision (some say mesmerizing, enchanting) main value proposition
2. Execute well
For this you need a great team, and even search for mentors to help you succeed.
Negotiating/evaluating a school for sale
Every generation needs a revolution - an entrepreneurial revolution
Rizal Philippines
August 26, 2016
I was on a meeting Tuesday afternoon with the representative of a primary and secondary (with Senior High) in a MM city. In the meeting were: the President of the Company, a lawyer, a banker, and two representatives of the seller
Some issues:
1. The price is P50 million. The appraised value of the property is P70 million. So this is a good asset buy. However, the school does not make money.
From a net income approach valuation, the price of the school is zero.
The audited financial statement says it makes a revenue of P24 million a year, or P2 million a month (misleading because the tuition payment is quarterly). The direct cost is P21 million a year, and GA expenses is P4 million. We learned from additional information given that part of the monthly expenses is interest payments made to dozens of the creditors of the School Director who amassed some P74 million in private debt (as no banks would lend to a school asset - they could not foreclose) Without the debt service, the school could be profitable earning some P12 million a year.
2. Manner of payment:
Rizal Philippines
August 26, 2016
I was on a meeting Tuesday afternoon with the representative of a primary and secondary (with Senior High) in a MM city. In the meeting were: the President of the Company, a lawyer, a banker, and two representatives of the seller
Some issues:
1. The price is P50 million. The appraised value of the property is P70 million. So this is a good asset buy. However, the school does not make money.
From a net income approach valuation, the price of the school is zero.
The audited financial statement says it makes a revenue of P24 million a year, or P2 million a month (misleading because the tuition payment is quarterly). The direct cost is P21 million a year, and GA expenses is P4 million. We learned from additional information given that part of the monthly expenses is interest payments made to dozens of the creditors of the School Director who amassed some P74 million in private debt (as no banks would lend to a school asset - they could not foreclose) Without the debt service, the school could be profitable earning some P12 million a year.
2. Manner of payment:
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