Friday, June 7, 2024

US banks took a $517 billion hit, 63 banks to collapse?

Every generation needs a revolution - an entrepreneurial revolution

This is huge.  This is disturbing.  How will this affect US world economic stability?

How will this affect quality of life in US?   World stability     

Are fast food chains in US struggling; how about JFC outlets?

Every generation needs a revolution - an entrepreneurial revolution

Pandemic, changing taste, short life cycle of food:  How do you survive?  How do you show resilience?




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.