Showing posts with label serendipity. Show all posts
Showing posts with label serendipity. Show all posts

Saturday, June 22, 2024

What should the starting point of business be: resources or opportunities

Every generation needs a revolution - an entrepreneurial revolution

On our way to a buffet celebration in a spot near Roxas boulevard,  I saw many commercial building newly built with FOR RENT/LEASE SIGNS.   What happens when there are no takers, lessors, tenants.  Unproductive investment.  

The way we were made to understand and teach the entrep students was to seek opportunities first then provide the resources/production facilities.  

Hence we have the exercise known as serendipity walk, where the student is asked to walk as street and list down as many opportunities as he can see.    Some come out with several dozens and discover that they can be a consultant to those seeking business to establish.  

What do we call person who can see things that are not there?  Visionaries...  right....

One time we asked a Sales Manager of a multi storey condominium in front of a mens Univesity, why the condo was put up?  She said because he has too much money.....

Well what about those who have little capital and borrowed much.  Its a disaster.  

So the next time you put up a building, be sure you have a list of business needed in the area where you are putting up a building   No need to seek for tenants later on with the FOR RENT sign.  

Thursday, August 11, 2016

Opportunities abound even for a senior businessman/lecturer

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 11, 2016

Three weeks ago, I was informed by a secretary of the GS that being 65:   I would not be renewed anymore for teaching load nor attend final defense of students.   It could be the occasion to be sad and start feeling useless.  The teaching job was a no money issue but simply that was love of leaving a legacy

However many things came out and they were opportunities, far better than teaching:

1.  Invitation to be director of a just bought rural bank.  It fits my background well because I worked in a rural bank, I put up a savings and loan association which was successful, it was bought by a govt agency.  I also established 2 financing companies and a lending investor.  I am now helping firm clarify its goals and objectives (write a business plan)

2. The owner of the said RB also invited me to help her develop her properties into subdivision and memorial park.  I had extensive experience in both.

3. Invitation from a member of the board to be their consultant, investor in the business he is organizing:

     1.  manufacturing of solar panels  (RE which includes solar is an advocacy.  I researched hard on solar financing, and this is serendipity.)

     2.  telecom, a solution to the slow internet in the Philippines  (its an advocacy too)

     3.  health care  (my teaching stint for MBAH served me well

Let me quote a portion of his email:

Jorge, I welcome your joining our organization because I feel that there is a lot that you can contribute not only in banking but the other business ventures that we are pursuing. We have for example the Solar Power company. This company I think will do so well that by the second hear I will do a back door listing which will create a value that is 1000% of our investment.

Aside from this I am pursuing a business opportunity  in the telecom industry which is going to be a game changer. I will give you more details once I close the deal. Suffice to say that it will be a partnership with Bill Wrigley whose family once owned Wrigley chewing gum but sold to the  Mars family  a few years ago for $22B. He is considered the 4oth richest man in America and I am meeting with him in Chicago on Sept 15.
He is now getting into the telecom business with a new product which they want to bring into the Philippines. What he has is capable to providing  wifi in the entire country and will also be able to enhance cellphone quality and coverage. No more drop calls. No more slow internet, plus the entire country will have a CCTV in every street where there is an electric pole. Its very exciting and I pray that I can introduce it into this country in partnership with Bill Wrigley.
So I hope that you can join us and together help me build a conglomerate that I once had. Unfortunately the conflict that I had with the family destroyed what we had successfully built over a 45 year period. This time it will not be the case.