A site for recollection and reemphasis of entrepreneurship and sound business practice. A compilation of both theory and practice of business entrepreneurship. The author is both a practicing businessman and former academic
Every generation needs a revolution - an entrepreneurial revolution
This post used to teach Entrepreneurship and Business Leadership for that GSB in many parts of the country to various MBA programs Of course the elite Entrep Program was beyond reach and ran by former AIM staffer.
However the rigorous program we conducted which was capped by preparation of a Business Plan was something this post reminisced with pride. The free Linked In Slideshare attest to the brilliance of our instruction
Every generation needs a revolution - an entrepreneurial revolution
Perhaps our understanding of value and wealth creation are vague, at the basic principle level. All that we understand is value = PHP = cash.
Entrepreneurs create value. Innovation is raising value from lower level to a higher level. So when a rund won property earns P5,000 a month, and renovation makes it earn P100,000 a month that is creating value
Value is created when a product or system meets or satisfy a need. When what pisses of the customer is solved. When the pain point of the customer is removed. What the provider demands as a compensation, and what the customer can afford is the transactional value. So how do you charge for a knee operation: P5,000, P50,000, P100,000 or P200,000.
It is to be unerstood that when we reveal as a salesperson how a prdouct service or system lessens pain, makes the customer gain, then the saless person create value. The sales presentation, the sales letter, the ad creates value. The creation of sense of need and urgency, (scarcity) adds value to the product, service or system
What you invest in yourself ; the skills knowledge, the solution learned create value. It is the real wealth.
Every generation needs a revolution - an entrepreneurial revolution
This follows Peter Thiel truism - from zero to one. Having something from nothing. Pure entrepreneurship.
But this one required money. The guy a contractor to whom the deal was passed on two is being egged to move up from being a techie man to be a businessman.
The team encountered many problems: 1. failed financiang in the beginning 2. failed financing the second time, 3. selfish team members. and who are irresponsible - they failed to deliver their promise of financing twice, and yet made sure that they got their written commitments for packaging fee.
But finally the deal was done and lately what we heard is that the new CEO is getting an inquirty for 5 to 20 million investment. Because of the signed deal. It is now bankable
I hope he gets this.
But they have just begun:
1. Gather docs
2. Secu re approval from LGU, from NIA, DAR
3. Condcut pre marketing activities.
4. Generate funds
5. Get plans SDP leaflets, marketing collaterals ready.
