Our presence could be a catalyst in the market

Every generation needs a revolution - an entrepreneurial revolution

We were invited to put a business in a major highly populated  city  in an island province, and  we together with the family went there on a BIB2 trip.  We inspected the site.    We concreted the plan to go into the  business -  we lined up the  financing and the strategy to acquire the  land needed for the project.  

However  we soon learned that a competitor asked for the  papers and requested for the  meeting with the  seller.   We bidded low having seen a creek at the middle of the land.

The competitor bought the land at a much higher price including the creek   The 5 year nego before did not move.   And now

Did our presence catalyzed the  closing of the  dormant deal?   

Were we glad that we did not succeed in getting a CATV franchise; is the industry doomed?

Every generation needs a revolution - an entrepreneurial revolution

We were unable to get a CATV franchise in our town   Despite a feverish campaign to get the local council approve the franchise and despite that some members of the council were friends and relatives we did not get the franchise.   They gave it to somebody from another town, who promptly sold the franchise to another party. Some of the members, somebody who bore our middle name, being a lineman at a telco, removed some of the cables.   We incurred a half million loss from the misadventure.      From what I know there was no working CATV in our town.   

Now a telco is bundling their offering with a cable TV package. They call this OTT - over the top services  Woe unto somebody who has a cable TV franchise.    The news article predicited the end of the cable TV industry as we know it

Biz Buzz learned that Uy is now in the final stages of designing a new service offering that will bundle most, if not all, of the channels currently available on cable TV with the internet service of every single Converge subscriber.

More importantly, the service will come at no additional fee for the subscriber as the cost of carrying all those channels will be tucked into the existing subscription fee.

Uy recently made waves by giving subscribers free speed upgrades, with some seeing their internet speeds rise by a factor of ten for the same price. The addition of OTT services that allow one to watch their favorite channels for free— instead of subscribing to cable TV services, whether wired or delivered via satellite dish— will make Converge an even more compelling service.

Read more: https://business.inquirer.net/394338/biz-buzz-cable-tv-industry-killer#ixzz7xo28DUuI
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 Their losses could be huge     The immediate effect would be loss of new subscribers, and then non renewal of subscription  

Were we glad we are not into this business anymore.   

Its challenging to be optimistic in 2023

Every generation needs a revolution - an entrepreneurial revolution

Its a good idea to be optimistic and tough amidst the turmoil in 2023  But look around the external environment:

1.  Big banks in US and Europe failing  (3s in the States, CSB in Switzerland, Deutsche Bank next?)

     What follows, industries failing too?

2.  Europe and US are reported  to be in recession?

3.  The only way that Central Banks and US Feds can control inflation is to put the economy into

      recession -  lay offs so that the consumer will buy less;

4.  Big company closures in Japan:     Sharp, Toshiba, the scandal at Olympus cameras

     (It incurred big losses when it parlayed into stocks, and other unrelated non camera ventures; the

     only saving grace was the Olympus medical)

     Sharp company failure

     Inappropiate accounting procedures at Toshiba

     Japan's 20 year recession - ADB

     We are better off than Japan whose GDP growth was reported to be only 1%;  vs Philippines 6%

      Japan used to be our idol in the 1990s for growth innovation and management