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
