Prof Jorge ideas, answers to emails from an Entrep show, shown last night at TV

Every generation needs a revolution - an entrepreneurial revolution

Makati Professional School
Makati City
July 15, 2016

Several weeks ago I got text messages and email from someone named Rheeza Candelaria who claimed to be an intern at ANC Shoptalk. She had questions which I readily answered via email, although I did not confirm or investigate who she was.  And then I forgot about them.  Last night, I found advice flashed at the ANC shop talk:

I hope you get some inspirations and more ideas from our conversation

What I mentioned in my test are formal institutions where an aspiring entrepreneur may obtain furnding:

1.  Micro finance instituions may be rural banks or institutions that are micro finance companies whose main purpose is to lend amounts of not exceeding P150,000.   They may be collateralized or non collateralized.  They are patterned after the Grameen Bank established by Mohammad Yunus.   They are usually clean loan, secured by joint and several commitment of a group of borrowers and paid regularly (weekly very much like the 5/6 of Bombay)  The group members undertake to collect from the members of a group.

2.  Cooperatives -  refer to credit cooperatives.  From what I know, one can borrow up to 2x your contribution to the cooperative.  Thus if your equity in the credit cooperative is P1,000, you can borrow up to P2,000   This encourages thrift, capital formation (that can help other cooperative members)   And the arrangement doubles the amount available for starting a venture.

3.  Grants -  There are foundations that gives grants to foundations and religious groups to fund projects of cooperatives neighborhood associations  I know of a priest who was able to obtain a grant from a Canadian donor in the amount of $1 million (P40 million) over a five year period. for Aetas in Tarlac.  They are to be used for schools, markets and livelihood project.   I learned from an MBA student, a Japanese expatriate working at ADB who said that ADB through him lent $5 million to DTI who in turn to Small Business Corp lent it to entrepreneurs.   through Tulong sa Tao page 28. Please further various govt programs for micro credit by various govt agencies

4.  Angel Investors  

      They are few and as luck would have it, SM was said to be have benefited from such angel investor:  the M is Mr. Senen Mendiola who gave assistance to Henry Sy early on, and the large fast food chain was helped by a furniture manufacturer in Cubao when he started .   Apple was helped by angel investor when such an angel lent Steve Jobs cash and credit in the amount of $200,000 total to start Apple.  They failed to get financing from a bank.  

     Dennis Mendiola founder of Chika got a boost from Oscar Reyes, former chief of Pilipinas Shell. Angel investors who are retired or semi retired business executives and entrepreneurs lend not only money but their expertise and network to t he business. But they demand higher than ordinary returns.

    We heard news that there seems to be a movement for growing number of angel investors

x-x-x-x-x-x-x-x-x-x-x-x-x-x

Hi  Rheza:

From Entrepreneur - 10 ways to fund a start up

Answers to your follow up questions:

1.  Crowd funding is inviting possible lenders, investors, donors via the net. You present your offering business plan, as to banks or venture capitalists;  you make your pitch via the web (there could be apps or website for this) and try to get funders, lenders investors become interested in your project/product.  There are many ventures abroad that were financed/funded via crowd funding.  So parang inbound ang procedure (as in inbound marketing) Rather than outbound, you actively search for funders.

Quora - crowd funding platform in the Philippines

Those that are available are:

Upbuilds

The spark ;project

Go Get Funding

Crowding for start ups

Kickstarter

2.  Donation and grants for start ups

Multilateral agencies and NGOs donates, gives to communities and individuals (and other NGOs charitable institutions too) seed capital for starting business that are to be paid forward, or paid soft interest especially in devastated areas by calamities or catastrophes or that are impoverished.

You can get donations and grants via crowdfunding too.

Raising money for non profit org

Grants gov in the US -  How to obtain grants from Federal Agencies

Participating in the ANC Shop Talk Discussion

Every generation needs a revolution - an entrepreneurial revolution

Ateneo Professional School
Makati City July 14, 2016

I just came home from the taping  the Disaster Preparedness Episode of ANC Shoptalk that airs every Thursday evening at 11:00 pm. The featured businesses were:   Prepper + that sells Go Bags at 4th Floor of Fashion Section of Megamall (the new wing) and Pilipinas 911.  My participation there was to supply some of the guide questions to the anchor Ria Cojuangco Trillo. She is a very intelligent hostess and asks difficult question.  I also had to make the comments and suggestions on how to improve the business and what the future holds.

These are some of the questions I made for Prepper +.  It is is as though the business is under a strama scrutiny, or analysis is made for the business plan

I had to research late into the night studying the case and the business.  I made some questions which I hope would help the entrepreneurs analyze deeper their business (and not more difficult for them)   I hope this does not appear like a Strama panel defense questions

1.  Business name and concept

     1.  Why the name preppers?  Why the + ?  Are you referring to the Doomsday or Survival Preppers?

          Are the Philippine preppers your advocates (there are about 20,000+ members?

     2.  Are your assumptions about the business when you planned it correct vs reality as you operate your business now?  With regards to PTM and the use of the product?

2.  Industry:

    1.  How big is the industry?   How many are you in the business?

    2.  Is it an attractive industry?  Is the volume large enough and are the margins Ok

    3.  Threat of competition:

         1.  Are there barriers to entry?   Are they large enough to discourage competition?

            1.  From lessors (they have it all)

            2.  Suppliers

            3.  Wannabees (those who want to have share of the pie if the industry is big)

            4. Substitute products -  if they know the contents of the go bag, the prospects can make their own

3.  PTM  (Primary Target Market)

    Let us assume you trying to find through Customer and Market Research to find out who buy from you:

   1.  From SEC (ABCDE segment)   A and B?

   2.  From MM and those areas that were hard hit by floods?

       The assumption is that the victims and only those who can afford the products are buying?  CDE buyers and those from the province  wont be buying possibly.

  3.  There are those who say that preppers are of 3 types:

       1.  emergency responders, the 2 Mcgyvers (the campers outdoor people) 3.  the hardcore survivalists (apocalyptic)  Do you agree?

 4.  What is the actual use/purpose of the go buyers:

      1.  For emergency

      2  For the car

      3. For vacation (trip to Boracay/Palawan)

     4.  Just in case.

4.  Product:

     Buyers know about your products because of:

    1.  website

    2.  promos/events

    3. ads

    4.  Megamall location

    1.  The Preppers say that the go bag (Bug or Bag Out) must meet the 3 requirements of survival;   air food and water

         Does your bag conform to this.  (That within t72 hours, 3 days, the govt and other emergency workers can not respond and your go bag must let you survive for 3 days)

     2.  Most go bags have 30 items;   Does your go bag contain them:

         1.  Tools for cutting, setting up tent

         2.  Water, water filtration

         3.  Food for 3 days

         4. Sleeping gear:   space blanket and tent

         5.  maps and direction finder

         6.  Fishing hunting gear

     3.  The price of Walmart Go Bag is $30 basic and $300 premium.  Are you competitive

     4.  Other substitute products:

          My umbrella by Catherine Hooper:

               Go cards (tel # of whom to contact)  rescue, relatives;   data storage:   cost $750

              Go Plans   (how to react in emergency)

          Food stockpile planners

         Will you plan to expand into these?

Opportunities:      the disaster                             Threat:    sometimes no disaster, entry of new competitors,                                                                                             subsitue products

Strength:   located at Megamall, being first          Wekaness:   the other founders are not active. few products

                 Biboy is an ACE graduate

WTDN:

1.  More education and communication   Prepper is a life insurance, you buy it when you still do not need it.  But when disaster strikes..... you cant fiind one

2.  Instill more fear of disaster;   

3.  Partiicipate in govt events drills, NDRRMC collaboration

AdeMU will defend 3 championship titles at 76th UAAP

Manila PHL   |  June 30, 2013

I was watching ANC Sports Unlimited hosted by Dyan Castillejos (I was unable to bike because of the rain) She did a feature on Ateneo champion teams (of the 75th UAAP):   basketball, football, and swimming. The 76th UAAP will soon be underway

There is a greater on the Ateneo team to defend the titles:  the other teams are more competitive and they have strong recruitment efforts too.  AdeMU has recruited many Fil Ams and foreigners for its teams.  For the basketball, the topliners are gone.  Even in football, many mainstays are on sabbatical.

I had to do this post because one of the former students at Spentrep Ivan Brian Uy was an MVP of UAAP swimming.  They practice 6 hours a day and training is both physical and psychological.  I have maintained that training for business entreps and sports are the same.  There is a need for mastery of basics, of science in order to win.  To win both in business and in sports, you need discipline and hard work.