We were comparing two investment options: one in a City in an island province, the other in Rizal equal number of population

Every generation needs a revolution - an entrepreneurial revolution

We were confronted with making a choice between possible investment

                      island province                              Rizal province

Area                 3.2 hectare                                   3.5 hectare

Docs                 titled                                            tax dec (untitled)

Populations      303K                                            313 K

Competition     3 other MPs but distant               none (will be the sole MP

deal                   purchase at  P8K/sm                   JV

Cash out          P200M                                         Max 20M

Degree of        high for cash flow                        high for titling

difficulty    

What is your choice?  Which do you prefer?

Setting up gasoline stations - is it an easy business?

Every generation needs a revolution - an entrepreneurial revolution

Once this post was approached by a former staff to invest in gasoline station.  This later was involved in what was labelled as a scam involving a former celebrity as a chairman

I would not believe their pitch because:   1. there is so much competition,  2.  there are so much dynmaism in the transportation industry, 3.  even in the fuel supply chain:  the ups and down of prices.   You must know and be able to estimate the high and low and plan your purchase accordinagly

Let us say you buy your supply at P40.00 and suddenly the new supply is at P35.00.  How do you manage the P5.00 down fall. Will you be supported by the oil company?

What about the renegade suppliers who do not pay taxes?

Even the managers of big oil who manage their own stations that the govt impose so much taxes, and their margins are so small.  They make more money and stable at that renting the spaces in expressway to stores, and foodstuff sellers.  

If they say that, how could you make profits😊

Better think of something else.

Can do potato penetration with soft straw challenge.

H de la Costa Campus, AGSB, Makati City | September 30, 2013

                   JC and Vicky (they both like they are Chinese) believing in their ability;  Martin too showing he can do it!

I got this exercise from our Entrep Guest, Mr. Silverio who owns the Guadalupe Commercial Complex.  He was an entrep guest at ADB which I used to teach also.

The challenge consist of penetrating the hard potato with a soft straw.

This a challenge of the mind over matter, of being positive, of can do attitude.  Many would usually think that it is an impossible task.

Some of the strategies used:  Akeel  used force, others screwed it, others slowly but surely.  But at the end of the day, they met the challenge.  Competition, ie knowing that others were done, was a motivator too.

We sometimes define entrepreneurship is a "passionate belief in the dream, which others sometimes think are impossible."  It is a belief in the "power of dreams"  that could be sometimes obsessive.

Do you believe in your dreams, and your ability to achieve them?

                                  Emmanuel, Janssen and Elisa

                                       Abet's dream is to be in the mainstream of showbiz