As professors, were we able to make a dent in good governance?

Every generation needs a revolution - an entrepreneurial revolution

 

Thats our sincerest wish but maybe we were successful in private sector.  But hardly made a dent in public sector. 

I am monitoring past students at Linked in and they seem to be doing well. But for those who are in govt, I doubt.  Especially those who are in the Legislature.   Parang law of gravity yan in reverse.  Kung saan marami pera duon pupunta duon papanig duon pupunta pag iisip. 

We ran an abbreiaviated MBA for a pension fund and the branch manager (at that time the U had program for detecting plagiarism.  We had to subject every paper on plagiarism checker.  I reported the offense to the program director and the complaint was ignored.   The govt agency figured out in a P40b investment loss.  Now the news buried under the rug

    1.  Did we make a dent on corruptions at LGU level?  No  (I asked a chair if he gives to the City Engineer for getting Occupancy permit for his condo project in a city.  He said yest.  He is a retired Col.

    2.  Did we make transactions with the govt faster.  This post suffer 6 to 12 mos lead time to get a LGU

          approval.

    3  Did we make a dent in the flood control scandal?  In the drug problem?  NOOOOO.  Maybe those who were KO'd did....

Were we hypocrites, as asked by a student, a Dr at MBA program, for asking them to monetize their profession as business, but at the same time practice kindness and spirituality

Every generation needs a revolution - an entrepreneurial revolution

This post had to grapple with this question from a student in a MBAH program where he questioned our quest for entreprreneurship  and at the same moderate and be spiritual -   to moderate greed and  be kind.  Are we professors, professing this kind of thinking hypocrites?

The student drives a sports car and ophthalmologist and a bone surgeon posed a question on value-  how much should a kneee replacement cost  P50,000, 200,000, 500,000 1 M.  Pricing is a value creation.  How much depends on how the patient  needs the procedure and how much he/she can afford.  Any price, without competition is a good price.   Especially if we compare it to foreign pricing, a P500,000 knee operation ($10,000) would be cheap but very expensive heare.   

Indeed this is a very defficult question for us teaching MBA in a Catholic U to answer the question.   Lately health services went up and when MVP tried to rationalize hospital care by acquring MD hospitals prices were standardized -  to be higher than usual, so he paid good money to Drs hospital.   

But we know for  a fact that Drs are used to the idea of giving the poor patients their baon and even their samples so that the indigents can get good medical care.  I even overheard when I was in pharma, that Dr.s regularly treat indigents pro bono.  

Being kind and generous excercising Christian faith, exercising judgment is something grad school cannot teach.  It comes from freedom to decide to judge....

Role of graduates in nation building; staying even when there is blood in the street.

Every generation needs a revolution - an entrepreneurial revolution

There are plenty whom I know that are very actiive in nation building and instigating changes.  But many of them are KO'd.  They finished their courses elsewhere.  I was lucky this post completed peacefully his degree at AdeMU.  

But most are not into this chaotic nation building.    (The straight ones) There are also guys I know who are all ready c...t.

Most in my batch chose to stay in the country from where the teachings at the Univesity emanated from USA.

I have heard from one of my entrep guest that to count, stay in your own country even if there is blood in the street.  Bengzon proposed patriotism,  Stay in your country the land of your birth, whateve it is.

Eli Remolona, BSB governor; graduate of AdeMU, we are in good hands.

Every generation needs a revolution - an entrepreneurial revolution

Eli Remolona, BSP governor, the highest paid Filipino government official is from the AdeMU.  We are in good hands.  Despite 8% inflation rate last month and the never heard PHP 65 - $1 exchange rate   We pray to the Lord that he succeeds.

Last day today of Megaforce SG Agency at AdeMU - owned by a business partner

Every generation needs a revolution - an entrepreneurial revolution

The dearly loved SGs Ate and Kuya at AdeMUs tenure ends today.  They seem to have been favs of students faculty and staff alike.  But in latest bidding (done every 5 years) another agency won.    The said agency is owned by our business partner in Laguna.  This is a big setback for them I am sure as well as the AdeMU comunity.   

What are your advantages?

Every generation needs a revolution - an entrepreneurial revolution

Your advantages are no longer about skills and abilities.  Training consultancy has diminished that and so with AI.

Your advantages as I have read in some publications are:

     1.   Integrity -   your character.  Are you trustworthy?

     2.   Credibility -  do your actions speak louder than words.  Do you walk the talk

     3.   Insight and vision -  to see things that are not and ask why not...  Its rare that you you would

           have no 2 if your mindset has been frozen into pay check to pay check mode

The third one is most difficult to acheive.  I think its either you are born with it or not.  Haivng a third eye or an intuition of what is going to be is not available to every one  Either you have it or you dont.

Or sometimes its the result of luck or lifes circumstances?

Had a wonderful meeting yesterday with a business protege: both material and spiritual

Every generation needs a revolution - an entrepreneurial revolution

Had a wonderful, spiritually filled meeting with a business protege, car sales executive, yesterday, Pentecost, a Sunday.

Had a PM meeting with a sales executive of an EV car company now the biggest in a the world, to consult about the problem of anothe protege with regards to marketing and cash flow reqs.  The day  before he demo the performance of one of their best sellers.

I still can not fully digest our discussion yesterday but these were the things I remembered

1.  He came early to the meeting because he saw the relevance of the project to his calling  ie the messenger of the Lord;  he seemed to share our thoughts on:  tithing, business principles, and spirituality.  He saw I am open the other party was open

There seem to be total trust among us.   His sister works as secretary of barangay in Mahabang Parang  (the protege used to be a barangay head)

2.  We held hands and prayed and thanked the Lord for bringing us together.

3.  He sees that the whole thing has happened beofe and it shall be one (an affirmation)

4.  He has among his connection:  two investors in his hometown;   several investors in province where the project is located.   and marketers

He was unlike the other whom we met who seemed to be not so interested and has other priorities.   The guy  gave us his priority even though it was a Sunday and very productive for a sales executive.  

A raw deal being proposed to us?

Every generation needs a revolution - an entrepreneurial revolution

Recently we got a proposal from a partner in Central Philippines   We would acquire the property for x amount:

     1    We advance the money for the purchase.

     2.   We retain the same sharing

     3.   The property will be land banked and developed when they are back in power

I am objecting to the deal.  However if we can flip by accepting reservation it is feasible

Consistency in curating articles on business/entrepreneurship over the years

Every generation needs a revolution - an entrepreneurial revolution

A decade has passed since ending my academe years but this post continues to contribute to growth of information in the internet regarding entrepreneurship and business management.  Hotshot gurus and experts have come and gone and had impressed us but their presence never lasted long.  A year or two at most and lending knowlede on specific areas:  financia management, coding, marketing,

But may be its over a decade now that this post is posting keeping tru to its mission to be in the service of others and helping in nation building of this country and elsewhere.  

May we be all prosperous in the service and greater glory of the Lord.

Scaling for results rather than for time

Every generation needs a revolution - an entrepreneurial revolution

If you sell for time you become a commodity as other consultants do the same.  If you however bill on the basis of results   you cant scale up your business consultants  (Not even with more clients)

If you charge on results you become one.   And you become unique.   

Billing scaling up for results

Strive to be the best you can be: your personality, the way you think and execute, the way you lead. BE A HALL OF FAMER

Every generation needs a revolution - an entrepreneurial revolution

How do you move from zero to one, from nothing to something

Every generation needs a revolution - an entrepreneurial revolution

You cant forever work hard.   You have to work smarter.

The other way is to have sponsor a backer...

The other way is through your own effort:  to build your own system;  rebuild structure  (capital later)

The Three Laws: Observation, Purpose, and Artifact

How to manage your time like a CEO, 3 2 1 rule, 3m

Every generation needs a revolution - an entrepreneurial revolution

Upping your productivity

3M

Determine your reality.  Where you are now?  Whats your zone

Maker - entrepreneur

Marker  Make process, system, delegate

Multiplier   managing the team, branches.     The most expensive router.  Recruiting,  Networking.  

Focus on the big picture.  

You do all good things to your people and this s..t happens

Every generation needs a revolution - an entrepreneurial revolution

Be careful in hiring 

Hiring can fail and you get bad people.  We are filing cases for at least 3 people who did horrible things to us... Despite noble mission of providing jobs.

Most steal time, dont work 100% and simply want to just stay and earn 8 to 5... How we wish

The billionaire mentality

Every generation needs a revolution - an entrepreneurial revolution

Why are some people lucky?   Why do they have all the ideas in the world?   How come we can only come up with mediocre dry ideas.

We often see posts about billionaire:

1.  Making suggestions on a  barbershop that is hardly breaking even.  He advises the chief barber owner to offer free hair cut.  It is a way of just getting customers in the store, generate traffic, creare the ambiance that people are rushing in.  Money is made in grooming kits, shaving kits and membership

2.  Making a suggestion to a coffee shop to make coffee free.  It would devastate the finances of the coffee shop .  But the billionaire suggest that money is to be made not on coffee but on other products:   sandwhich, coffee blend, mugs and the like.       Others would buy other stuff in the store.  The free always draw in the crowd

3.  The billiard hall that is empty.  Offer first 30 minutes free.

What can we offer as free or as a bait?  Free interment?    For so many number of plots

One businessman suggested that business is non only about economic transactions but about trust

Every generation needs a revolution - an entrepreneurial revolution

Economic transaction, buying and selling, having a deal can not proceed without TRUST.   Trust is essential.  Businessmen, entrepreneurs should really build their character and integrity to win TRUST.  GSB and other schools have emphasized skills and knowledge but not character and integrity.   

So the higher the tech or educ attainment, the more likely the guy is to be a scammer.  That is why many are scared of businessmen and entrepreneurs.  Govs are prosecuting businessman.  Many businessman are at the bottom of the respect trust totem pole

What business to avoid - an Arab advises.

Every generation needs a revolution - an entrepreneurial revolution

Arabs never buy even if given to them free:

1.   Restaurants;

2.   Hotels

3.   Retail fronts.   

But many are crazy about this   In our place there is boom of these 3 businesses

3 businesses Arabs never invest in

Dr Alfredo Bengzon former VP for Professional Schools Dean of AGSB joins the Lord at age 90

Every generation needs a revolution - an entrepreneurial revolution

We worked with him for over a decade.   His services and leadership will be missed.  Vaya con Dios, Dr Arab.

He led the Faculty Conference for AGSB.  He ate dinner with me one time engaging me in  a deep conversation.  He interviewed me about my current business and made jokes for the plenary regarding me and another who heads a memorial plan company.  Beware if both me and Erniie come together ofering something spectacular.

I remember a lot about him when he made me ahead of everybody else at ER at TMC when I was involved in a bike accident.  He became my attending physician all o f a sudden.  It was of course pro bono   

When my mom was in the ICU and when security shooed us from sleeping  outside the ICU, I complained to him he made sure that we slept albeit on the floor near the ICU.  For him it was not wrong to be malakas esepcially if the malakas is member of the TMC or the AGSB family

I didnt know that he wore the Eagle costume everytime there was UAAP competition

Our sympathies to the family..

Dean Jet Memo to the AGSB community

How they train traders at Goldman Sach

Goldman Sachs could be the golden standard in investment banking before.  but nearly got toppled by the subprime mortgage debacle in 2008.  

The trader/IB relates importantinsights on how he was trained. (Sharran Srivastaa)

1.  How to earn $100,000 from nothing.  This is rather difficult and may border on scamming.

2.  Long term greed.  Find the long term value of the customer.  You dont have to withhold discounts from the customer now.  Give hiim a good deal.  He may buy

     from you again and again.

3.  Be responsive so that you can be trusted.  Keep your notifications CP on.  Be available when customers contact you    (Not as some of the sbus who will

    not answer phone calls or gmails.  Develop good communication habits  early on.  Respond to text, dm, 

4.  Be ready and fast and offer solutions when shit happens     Dont wait for the damage to get bigger.  (Avoid situations that will spell disaster for you.  ) Consult

     superiors and peers to avoid difficulties and anomalies

5   When you are with the best of the best, hard work is the only answer.   Find your hard, that will bring out the best in you.  

6.  Develop a investment x ray;  be a good adviser and authority.  In finance, your x ray are   capital presevation, tax efficiency, cash flow and growth.  

7.   Only a good brand can push your product/service to sell.     Not your best effort or your personality

8.  Share your network with others network.  It pays to work together as a team to work as one towards customer success and satisfaction.

9.  Show yourself as coachable so that you will have internal champions who will speak for you when you are not around

10  Help your company build a brand. It takes a lot of effort to do that.  But do work on that

What is essential is invisible to the naked eye; what makes you money in the business is not sometimes the main product

Every generation needs a revolution - an entrepreneurial revolution

Ray Kroc lost money on franchising burger sales;   somebody advised him that the real money is on the real estate -  choosing sites, leasing the same to the franchisee and thus can make money the moment a lease contract was signed. 

So if there are multiproduct offering, you can a price leader (loss product) so that you can entice the customers buy the more expensive product.

Or have a free product (a bait so that the profitable product can be sold bought)