Multi million investment - malls (hardware shops) in the middle of nowhere

Every generation needs a revolution - an entrepreneurial revolution

It has been observed that there are at least three multi million business establishments in the Eastern province that were put up without thought for primary reason for putting up -  location, vicinity to primary target market.  While this is not necessary for on line business, this is necessary for brick and mortar business that depend on consumer foot traffic.

Apparently, the owners had gut feel, bravado on their side, and past success, and that they can never go wrong. They probably did not go into meticulous process of business planning.  There are risks in going into business, and one of them is failure.   When is the right time to build?   Would there be enough customers for your break even.

This post waited for 8 years before building a commercial building in the front vacant commercial lot in the division it has developed.   This precipitated rapid increase in real estate values and expansion of commercial area into the neighboring town

Even the head of a top fast food said that there is a possibility, their group can fail, and that their employees should be vigilant.  

The mall that is in between Jala jala and Pililla is half closed and its malls are half closed, their employees laid off, and the owners probably so sorry for their investment.

There is a grocery in poblacion of Jalajala which seems to flourish, but it is in the center of population

There were also farm lots and subdivision projects in Tanay and Pililla around the wind mill that were advertsised with Selling Prices at P5k to P7k.  They have gone quiet now

Every new business need a business plan and a disciplined analysis

Every generation needs a revolution - an entrepreneurial revolution

It is a mistake that only passion desire will make you rich  In the absence of science and math, you can not hope to be rich   You can only expect red ink and hearth ache. 

An acquaintance went into a partnership with another acquaintance who was merely armed with enthusiasm and excitement.  

After investing about a hundred thou invested mostly in site deposit and advance, they have nothing to show except more advances and red ink  After asking if there was a bp or break even analysis it was suggested for them to find out how much as to whether the sales performance breaks even or not   It does not  

Thus it was suggested that:

1.  Gimmicks will be made to raise awareness and sales response (as unli rice or uni sabaw)

2   Lowering further the price of best seller  (not increasing as kneejerk response to red ink results

3.  Expanding menu to have high end product with high gp to make up for number 2

Many start ups make the same mistake   Thus a new product is not a guarantee for success especially if there is nothing unique or compelling about this