Friday, May 31, 2024

Providing tips to an old realtor has not produced results - entrepreneurship, is it the key?

Every generation needs a revolution - an entrepreneurial revolution

Somebody requested me to advise him, and so far it has been pro bono regarding the business we are engaged in.  And I said yes.

So far, he has indicated he has been negotiating for 4 sites all ready and has not progressed much.

      1.  1 untitled in his hometown.  7 hectares
      2.  1 titled adjacent to the to the site number 1 - titled 15 hectares
      3   1.titled  to the eastern side of the town, adjacent to next town 3 hectares
      4.   Untitled part of an estate, at the Eastern part of the province  7 hectare

While my timeline for the project is anytime this year and I am readying the operations, marketing, and financial plans, nothing from his end, ie producing the land has not prospered.  He keeps on changing his tack and probably he will not get anywhere.  

Since he has no Php I have emphasized on selling and negotiating skills and emphasizing long term benefits for the land owner, which we did as we built up our business long time ago.

What can be done to change his trajectory in business development?

Tuesday, May 28, 2024

Number 1 University

Every generation needs a revolution - an entrepreneurial revolution

This post has been away from the academe at GSB for nearly a decade on account of traffic difference in teaching methodology, and my age.   

Most of my contemporaries have also retired, transferred to other institutions, and became bosses in their own right.  We were such a great team, but disbanded due to death of the dean, change of the VP for the Professional schools.

However, one thing worth noting now, despite the loss is the high ranking of the university among Philippine counterparts, and elsewhere in Asia.   

Where would you invest?

Every generation needs a revolution - an entrepreneurial revolution

Two opportunities presented themselves to us:

1 One project located nearby, a town with 313k population, a jv, cap ex would be about 20M max:
7 for titling, advances to the land owner:  about P6M. There is no competition   The town exec wants this to be put up at once.   We can sell the plots at premium since there is no inventory in the town

2  Another in an island province.  Near a filled up existing similar business, Cap ex needed about P200M
There is an existing competition with about 10,000+ inventories.   Population is lower than the nearby town.   303K legit population count.  We cant sell at a premium since there is a competition.
The site is near prohibited establishment.   

I would prefer #1. because of lower cap ex.  Larger population,   No competition. 

 What about you?