New business inquiries -3 even while staying at home.

Every generation needs a revolution - an entrepreneurial revolution

Even while staying at home, no active business development assistant (which could cost anywhere from P20 to P40K a month)  three business opportunities in the area of memorialization  came my way 

1   A 1.4 hectare property which can become an all in business center for memorialization in Calabarzon

     Population of area is 290K  Open for joint venture    This is near the church only about 300 meters              away

2  Another 1.8 hectare project in a major city in Calabarzon with 290K population likewise..  It does not

    have our product yet  It is only 3.1 km from the Cathedral

3,  A 8 hectare project along the highway in Region 1 which could be had in a joint venture.  It serves 8 towns of a most populous vote rich province.   This would make our business number 3 in this province.  

This is 3.1 km away from the Cathedral.   

Every new business need a business plan and a disciplined analysis

Every generation needs a revolution - an entrepreneurial revolution

It is a mistake that only passion desire will make you rich  In the absence of science and math, you can not hope to be rich   You can only expect red ink and hearth ache. 

An acquaintance went into a partnership with another acquaintance who was merely armed with enthusiasm and excitement.  

After investing about a hundred thou invested mostly in site deposit and advance, they have nothing to show except more advances and red ink  After asking if there was a bp or break even analysis it was suggested for them to find out how much as to whether the sales performance breaks even or not   It does not  

Thus it was suggested that:

1.  Gimmicks will be made to raise awareness and sales response (as unli rice or uni sabaw)

2   Lowering further the price of best seller  (not increasing as kneejerk response to red ink results

3.  Expanding menu to have high end product with high gp to make up for number 2

Many start ups make the same mistake   Thus a new product is not a guarantee for success especially if there is nothing unique or compelling about this

Dire prediction for world economy

Every generation needs a revolution - an entrepreneurial revolution

The current state of world economy does not fare well.  It started with US raising interest rates several times, driving up the dollar and shrinking the value of various currencies.   It was said that the increase in interest rates will cause recession shrink jobs thus leading to less consumption and thus dampening prices.

This is compounded with increasing fuel prices, reduction in production of OPEC food supplies due to the Ukraine war.  

All ready various countries are showing signs of strain:    China, which was the barometer of economic growth and progress;   Europe is in recession 

The more there is room for innovation and entrepreneurship   The difficulties caused by pandemic saw the increase in number of millionaires  

Millions became millionaires during pandemic

The world produces bilionaires every 30 hours.   However, a million people sink into poverty every 33 hours