Evaluation of some recent business proposals

Every generation needs a revolution - an entrepreneurial revolution

There were 3 business proposals on real estate that we recently evaluated and we had to conduct a tripping

1.  A dacion of subdivision plots, who owed a substantial amount, with purported value of P14K/sm

     However the subdivision was badly developed:   no open space, cracked concrete roads, no

     centralized water system.    (Despite Manila Water)  To somewhat add pain to our all ready difficult

     situation, we were even asked to submit proposal to develop the project.    (Just to think that this

     project is owned by a Congressman from Eastern Visayas, ex officer of a Pharma,   As a developer we

     made sure our development was completed and of high standards  (wide roads 3,000 psi strength)

     No deal.  We are merely collecting our money.   

2.  A 3,900 square meter in San Mateo near the church and Mun Hall,   It looked like a bargain at

     P12M net, however it would need at least P50M in backfilling and  slope protection.      That will

     make the lot prohibitive.  No wonder this has escaped the business development staff of nearby

    developers.    No deal

3.  A 9600 sm property purportedly owned by an acquaintance in elementary school whose asking price

     is 23,M.  It is located in a depressed area, accessed by narrow road but very near SM Save More.   

     The property has a 43 meters frontage, and just like in San Mateo, the front 400 sm is elevated.  and the

     rest is depressed which is a bad Feng Shui project.   I am looking for alternative entrance.  But it does

     not change the Feng Shui orientation, ie going to work from home on a steep exit.   Araw araw pagdu

    rusa.       No deal.   

Let us look for other properties that will be easier to develop and sell

Difference between an entrepreneur and project officer/assistant - business vision and insight

Every generation needs a revolution - an entrepreneurial revolution

It really pays to have really gone to a business school and studied strategy and visioning.  

In the business, I was called out by a business assistant, project officer because of the seeming lack of concern of  cost and loss in the hard asset sales portion of the project.

He was right, because the loss was listed at the sector.  However we would make up at the services portion of the project:   interment, cremation, ash crypt sale ,chapel services

The subdivision projects from whence the said individual was honed in  is entirely different from the memorial business where we in now.  The loss , the low price of the hard assets, will let the foot in of the customer to buy from us services which were more profitable.   

The subordinates in the business must, as we studied earlier in grad school answer the question:  Who has the business insight?

Definitely not the young ones who assume they know everything and are smart enough to navigate business strategy.   The battle scarred veterans do. 

Just a handshake for business deal between fellow alumni

Every generation needs a revolution - an entrepreneurial revolution

This post met a Chinese businessmen, who together with 2 others are engaged in real estate development.

The meeting was arranged so that we can possibly be partners in subdivision projects which no longer our expertise, we having shifted since 1997 (the Asian financial crisis) to memorial park development (that is almost 26 years)

This post emphasized that in one of our projects in West Visayas, a joint venture partners we simply shook hands and he said we can start anytime, since we both graduated from same school, hence there is no need

for security.  

How we wish it could be done that way.   Other mature businessmen say, trust no