The AGSB Clark Class last night March 28, 2014

Angono, Rizal  |  Philippines   |March 29, 2014

                              Award for last weeks SR and FS spreadsheet presentation given to Bong

I just arrived this afternoon from a teaching stint in Clark.  It was our penultimate meeting.  Next week, which shall be dedicated to some case analysis, and PDQ, shall have as it primary feature:  night with entrepreneurs.  As we have 3 groups, there will be 3 guest entrepreneurs.  I enjoy this session as this gives me more stories about success and failures of more entrepreneurs - the real stuff of entrepreneurship.

We had IVs last night:   that of Bong, Dr. Edu, Roms, Liza (she was not prepared;  she and her staff rushed the IV!), Verman (both DLS - green guys)

and SR  -   Arlene, on Bo Sanchez.   Rophele did a report on a young 18 year old millionaire, whose apps Sumly was bought by Yahoo news.  How will this change our reading and search habits. at the net. No one will every buy business book digest;  every single one sumlied will be a digest of 400 characters or less

and case analysis of Victoria Court. Our case analysis leaders were Michael Tan and Marlon.  They did their job well.  (Marlon pala ownas a motel.  Kaya!  Liza owns and leases a motel property)

                                Tamarind sweets for the outstanding IV of R Ocampo last week

                                             Prof Jorge had a new haircut

                       Ken, our guest showed our way as we closed the class with a prayer

Monetizing ideas - challenge for academicians and entreprneneurs

Entrepreneuralism

Angono, Rizal, Philippines  |  February 6, 2013

The criticism for Facebook and maybe the reason why Wall Street deeply discounted its IPO share prices was Mark Zuckerberg's inability to monetize the popularity of FB.  Its cash generation capability is greatly impaired by the Free business model. Well the Fb ads are working.  But it does not have the clout and the cash generators of say Google.  Google, by having control over traffic generators:   You Tube, Feedburner, blogger, Google Maps, Picassa albums generate a lot of traffic and clicks and therefore more revenues/cash generators for Google.

Monetizing ideas.  That is the challenge for entrepreneurs, including academicians.  It is a big problem for scientists and inventors - how to have these ideas have commercial applications and revenues.  Thus Europe was credited for many inventions, but US profited from commercial applications.  Bell Labs discovered the transistor, but Sony of Japan used it to produce the radios and earn money from them.

I too have problem over this.  This blog is free;  and many businessmen and other entrepreneurs go to me for free, TY advice.  My children have been encouraging me to look up to Bo Sanchez business model.  Before, he gave free advice and inspirational talks.  Now he charges up to high 5 figures on his speaking engagement.  He publishes books for sale and does commercial endorsements. 

When will I catch up and learn?