Pandemic, changing taste, short life cycle of food: How do you survive? How do you show resilience?
A site for recollection and reemphasis of entrepreneurship and sound business practices A crucible for theory and practice of business entrepreneurship
Friday, June 7, 2024
Are fast food chains in US struggling; how about JFC outlets?
Every generation needs a revolution - an entrepreneurial revolution
Evaluating a site, land for possible business venture - thinking out of the box
Every generation needs a revolution - an entrepreneurial revolution
We went on a 100 km trip to municipality in Calabarzon with a population of 130k. There are tree similar establishments in the said municipality with 1/3 of their inventories still unsold. it is 20 km to nearby major city.
When we arrived at the site, I was dismayed: the property is some 1.2 km from Maharlika highway. The Right of Way was narrow. The proponent said it is near existing govt and religious establishment. Getting a passage would look like a challenge. There is a big option to buy a right of way but it is opposite a big housing project
We went to the religious and govt establishment and soon I began to get a clearer picture of the opportunity.
We will not position the project as a high end project but something for the masses. And the prices will be competitive. We will have 4 types of products and the passage through the two established businesses will not be a first priority but as an added +
We will secure the following data/approval;
1. Endorsement from the barangay;
2. Right of way from the 1 hectare property near housing project;
3. Pricing data
If you think like you are in prison and you have to find out how to escape, and how to free yourself from a prison term, then you can find creative ways to solve a problem.
I think the land owner was happy. Since he was a contractor, he can opt to be the land owner and developer himself, with us just giving him guidance and management of the project.
Thursday, June 6, 2024
Scrap recycling are profitable ventures
Every generation needs a revolution - an entrepreneurial revolution
HIgh tech SV stuff are not necessarily the best businesses and within the mental capacity of most people. Low tech stuff can create wealth and are very profitable
Like scrap and recycling. You are profitable on day one.
Many Indian billionaires initially made their fortune on ships for scrapping
One of the videos I like are Pakistani craftsmen:
1. Repairing truck chassis, differential, transmission, using welding, hammers, hydraulic press
lathe
2. Turning scrap bearings and other metals into:
1. Cooking utensils
2. Gears.
3. Sprockets
Its not a simple matter of buying and selling scrap metal but turning scrap into something useful
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