Every generation needs a revolution - an entrepreneurial revolution
Rizal Philippines
December 28, 2016
My father is a lawyer, a notary public but was a government employee; was an admin man and his knowledge of civil code, obligation and contracts, the admin code of the Philippines helped him a great deal in his job.
One time, there was a need for a document and I requested him as a lawyer to make one for us/the company to which he declined.
He said, decide on what you want to agree or do, write it and then, I will correct this if the agreement is in clear legalese. If you do it the other way around, then the lawyer has decided for you what you will do in the business.
And so I thought, and then later on I read a book on entrepreneurship that you need some 10 or 11 transactions a year that you need the lawyers comment or nod on for you to be prospectively avoiding the problems. So you need lawyers
And so I tried very hard to stick to this dictum of my late father. He is right. The agenda of the lawyer and the entrepreneur are very different. His goal is to get his fees; the entrepreneur want to succeed and not to pay the fees. or be engaged in legal battles.
Every time, the lawyer will say that your position is so weak the the worse that could happen is...
I never heard any one say that on a brighter note.... Or strength...
I do not like to hear that when there is a problem, run to the lawyer.... not a good idea.
Wednesday, December 28, 2016
Sunday, December 25, 2016
Obstacles in consolidating a business in an industry, achieving a vision
Every generation needs a revolution - an entrepreneurial revolution
Rizal Philippines
December 25, 2016
Merry Christmas
This is the time to reflect my purpose and goal in life.
I have dream of consolidating the memorialization business under one roof: place to inter, place to view and a to be positioned in the new wave. Right now, I seem to be on track: buying a memorial plan company. Then to have mortuary agreements, jv with chapels and lastly to buy into crematorium businesses by a supplier. Right now, we have made down payment for two crematorium one in Laguna, one in Pangasinan. The future of memorialization would be in the cheaper, more environmental friendly that does not use too much land needed for housing and agri, - memorialization. That is my vision.
However, this is not without restraining forces or obstacles: detractors, lack of resources, difficult people.
Tale for instance my acquisition of a memorial plan company. We have paid the P5 million premium despite the govt agency still unable to approve the documents needed to sell; we cant sell anything at all. The seller of the company is equally difficult - stalling the granting of authority for us to sell. But one of the gift of Christmas is to be more patient and loving.
Despite that, I need to have the memorial plan company as a resource to consolidate many businesses: chapel memorial service, chapel, and cremation. I will be on my way. I will be able to hire an accountant, and close mortuary agreements
Rizal Philippines
December 25, 2016
Merry Christmas
This is the time to reflect my purpose and goal in life.
I have dream of consolidating the memorialization business under one roof: place to inter, place to view and a to be positioned in the new wave. Right now, I seem to be on track: buying a memorial plan company. Then to have mortuary agreements, jv with chapels and lastly to buy into crematorium businesses by a supplier. Right now, we have made down payment for two crematorium one in Laguna, one in Pangasinan. The future of memorialization would be in the cheaper, more environmental friendly that does not use too much land needed for housing and agri, - memorialization. That is my vision.
However, this is not without restraining forces or obstacles: detractors, lack of resources, difficult people.
Tale for instance my acquisition of a memorial plan company. We have paid the P5 million premium despite the govt agency still unable to approve the documents needed to sell; we cant sell anything at all. The seller of the company is equally difficult - stalling the granting of authority for us to sell. But one of the gift of Christmas is to be more patient and loving.
Despite that, I need to have the memorial plan company as a resource to consolidate many businesses: chapel memorial service, chapel, and cremation. I will be on my way. I will be able to hire an accountant, and close mortuary agreements
Sunday, December 18, 2016
Improvement in critical thinking and analyses by Graduate Students
Every generation needs a revolution - an entrepreneurial revolution
Rizal Philippines
December 18, 2016
I am writing this a reflection on my attendance for strama defense.
Peter Senge is right that the Fifth Discipline, shared learning and the rest of the disciplines: Mental Models, Systemic Thinking, Shared Vision are important in strategy and successful management of enterprise or change. Let us take mental models.
1. The use of macro data for EFE even for local business that have only local competitors- It should be used for FMCG products and products and services that have national coverage. The presentor for a hospital in an island that have local market in scope used only macro data as if she was in MM, like a big hospital in MM. Some would advocate the use of B2C marketing strategy even if the business were B2B. Use of mass and social media for a B2B company.
2. Using irrelevant or hostile data or making wrong conclusions from the data presented. Some would judge the the same stuff as both strength and weakness. Say for instance, on the CFS, they would judge having more products as one of the factor for success in the business And somewhere in the paper, said that the company was progressive because of diverse products. And the graphs and table shows indeed that the company was ahead of competitors in terms of products and services. And yet in the internal analysis says that the company has fewer variants of the products.
3. Failing to address the SWOT analysis. Some students would say that the company is weak financially (low liquidity, high DE ratio, etc) And yet after noting that, while the student would profess marketing strategy fail to address this issue. Why would you let a very weak company run a sprint or a marathon. Are the weaknesses not to be addressed.? We should beef our finance mentoring sirs?
Rizal Philippines
December 18, 2016
I am writing this a reflection on my attendance for strama defense.
Peter Senge is right that the Fifth Discipline, shared learning and the rest of the disciplines: Mental Models, Systemic Thinking, Shared Vision are important in strategy and successful management of enterprise or change. Let us take mental models.
1. The use of macro data for EFE even for local business that have only local competitors- It should be used for FMCG products and products and services that have national coverage. The presentor for a hospital in an island that have local market in scope used only macro data as if she was in MM, like a big hospital in MM. Some would advocate the use of B2C marketing strategy even if the business were B2B. Use of mass and social media for a B2B company.
2. Using irrelevant or hostile data or making wrong conclusions from the data presented. Some would judge the the same stuff as both strength and weakness. Say for instance, on the CFS, they would judge having more products as one of the factor for success in the business And somewhere in the paper, said that the company was progressive because of diverse products. And the graphs and table shows indeed that the company was ahead of competitors in terms of products and services. And yet in the internal analysis says that the company has fewer variants of the products.
3. Failing to address the SWOT analysis. Some students would say that the company is weak financially (low liquidity, high DE ratio, etc) And yet after noting that, while the student would profess marketing strategy fail to address this issue. Why would you let a very weak company run a sprint or a marathon. Are the weaknesses not to be addressed.? We should beef our finance mentoring sirs?
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