Throwback - Graduation skills - preparing a Business Plan

Every generation needs a revolution - an entrepreneurial revolution

When I started new business, I relied on books on entrepreneurship which I took under Prof Davila who then was working at BOI.  I felt that my training was lacking in something

Hence when I had the opportunity to teach I saw the need for students in the subject to learn how to prepare  a full blown business plan:  complete with Marketing Plan, Operation Plan,  Financial Plan, exit strategy and contingency planning not to mention compliance with govt regulations

Hence I saw the need for an extended period for the students to prepare the  business plan.  Which I did for several terms

However then came the new head of the GSB who saw efficiency ie submission of grades within 7 calendar days after the end of the semester to be submitted.  Our chair insisted on doing that sacrificing the submission of the only proof of graduation skills.  ie bp preparation

Thus ended my career in teaching.  

Why do people buy? Distinction between wants and needs

Every generation needs a revolution - an entrepreneurial revolution

Why do people buy?

1.  Is it due to wants or needs?

     Needs are basic:   biological, food, shelter, self actualization

     Wants are minute distinction in needs.  It is an area where marketers work

2   People buy because  of

    1. Emotion  not logic.   Because of pride, anger, jealousy, avarice

    2.  Scarcity  --  last one, limited time, limited stock, offer  -- thus we hoard, stockpile

    3.  Threat  - safety of family, home, during typhoon, earthquake, medical emergencies, death

    4.  Authority -  experts say, Professor So and so endorsed   endorsed by Pamet

Why did you buy something?  Did anyone of these affect your buying decision

Spending more time in politics dissipates energy that should be devoted to growth and nation bullding

Every generation needs a revolution - an entrepreneurial revolution

We see that much more media time is devoted to Senate and Congressional hearings, investigations.  Less on activities that build the nation and create jobs and employment. For the executive bickering power play with past admin?   Rumors of power grab?    Preparing for the forthcoming election?

Some inquiries are outright destructive to building and creating national wealth

Who will rationalize, control these wasteful activities.