Entries Tagged 'Business Ethics' ↓

Finding a business opportunity is not like treasure hunting where if you find it, you are already rich. In business, finding an opportunity consists of three steps. It’s like a tripod stand of a camera where if one of the legs is missing, the tripod won’t stand up.

So these three steps are: Continue reading →

Although the saying “The Early Bird Catches The Worm” is an old one, again it proves that it is always true. I have proven it that being prompt and early on everything you do will be beneficial to your success. So why have I thought about this topic?  I have a problem on one of my website and even though the work is simple, it is monotonous and I have to do other task that are more important like making a blog post on this site and maintaining my other websites. So I have to outsource this job to someone else eager to do the work. I tried Freelancers.com (formerly getafreelancer.com) before in my previous project but didn’t continue it because I can’t find a suitable contractor. So I declined but sadly I can’t get my $10 deposit on that website when I’m trying to ask them to give it back because I discontinued the project.

I don’t remember the details why they refuse but I still remember that I have to avoid it in my future projects. I’ve already known oDesk.com for a long time but my first impression was, hiring people there could be expensive. But I was wrong when I tried it a week ago. I posted a project and after 2 days there were many contractors already applying for the job. There were also 4 nationalities applying for the job but since the project is a Filipino website, then obviously I should hire a Filipino. I’m proud to say that most Filipinos are talented, fluent in English and skillful. There were 4 Filipino candidates I chose  which I think have the qualification I wanted. Among the 4, one of them, is what I think will fit perfectly so I waited for her response to my inquiries. In fact I emailed four of them but I’m waiting for that woman to answer me so I can immediately hire her. But my second choice was the first one who answered and she was prompt and quick to comprehend my instructions so I asked her to give me a sample work.

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Maybe this isn’t my day but somehow I have kept my composure. Yeah keeping your temper will ward off those negative vibes you will encounter each day of your life. I was also thankful that I’m an entrepreneur myself and not a slave anymore to a company where I have a grouch manager that I can’t resist because may career will be at stake. What I wanted to talk about is that grumpy old lady, maybe on her mid sixties or late sixties. She owns a glass supply shop. It was really not my plan to visit the shop because I’m on my way to the wet market to buy dressed chicken for our lunch and inquire in a nearby shop of K-Servico ( an appliance installment company) if they have a digicam. So far there isn’t any but I still spend sometime to inquire about other appliances price and installment plan.

Now when I finished talking to the sales rep of K-Servico, I went to the adjacent shop of Mrs. Grouch (a scrawny old woman wearing glasses), the glass supply owner and ask how much is the price of a custom made mirror for our elliptical shaped framed mirror. Then she immediately said “what’s the thickness of the mirror?” then I said “about 1/8 inch”. She took a plastic bag with small square samples of their mirror to show me the thickness and scattered it on her table. She said with an angry voice “which one?” . Then I selected the one I needed. Then she told me sternly “where is the frame? you should have brought the frame mirror with you. How can we measure the mirror?” . Then I said “do I have to bring it? I already have the dimension. I’m only asking for the estimate of the price” .  Then she said “O yeah? can you measure it without bringing the frame? here is the measuring tape and let us see if you can measure it!” I feel really humiliated the way she talks and makes me feel stupid. But I still have my composure because if I will retaliate, I’m sure I’ll also have a bad day. Then I said while holding the measuring tape on my hand  “here is the dimension, 30 inch by 20 inch and has an elliptical shape”. Then she gave me the price quotation and I immediately left.

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I guess most people are dreaming of becoming a CEO someday owning a big company with lots of employees. But somehow that dream seems to be impossible specially in this kind of competitive business environment where it seems that every kind of product imaginable are already existing. And if you want to compete with other corporate giants, well it’s like you will be squashed like an insect when they stepped on you. But in this modern internet age, many became instant millionaires just having a business (or a very unique idea) and used their talents for amassing millions of dollars in the internet. Facebook and Google are best examples of those companies. The founders of those companies have the right to call themselves CEO and it’s because they have lots of employees and billion dollar companies.

But when I stumbled across a forum, I then realized that many people have a negative reaction to those small businesses or emerging entrepreneurs that call themselves CEO. One poster started the question because he sees tons of  people toss around the title CEO: Continue reading →

I wanted to share a very nice article I read from John Chow’s ebook “Make Money Online”. Although the ebook is primarily for people interested on making money online by blogging, it also has a topic of personal development. What I’m referring to is the difference between a loser and a successful person. It is ironic that those who are afraid to fail are losers and not winners. I always thought that winners are people who never fail but on the contrary winners or successful people are those who have experience series of failures before they ever become successful. Maybe there are some who have experienced few failures and I wonder if there are those who have never experience failure, I guess they have magic. So why some people are losers? not because those people always fail, they are those who never tried to act on their dreams because they are afraid to fail.

One good example is those people who are sick and tired on their jobs and dream of having a business someday. Someday will never come unless we act on that dream. There is a big difference between a dream and a goal. A dream is only a dream without action. A goal is a dream with action. The reason why we always wish to do something and never act is because we are afraid to experience failure. Even on a game of chance like lotto, you need to buy a ticket in order to win. We cannot just wish that “someday I wish I win the lotto” but we don’t buy tickets.

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After watching the Youtube video on how those prankster contaminated the food being served, it reminded me again of the food our family eats in fast food chains. How safe they are really? how can you be sure if those in the kitchen are not putting anything on the hamburgers or fried chicken you ordered? Worst is if there is a psychopath in the kitchen. This is very alarming if you have a food business and you hired a psychologically unfit person. Yeah, you really need to screen your employees. And not only proper screening, but also proper motivation for your employees. If you treat them right, then most probably you won’t encounter much problem.

Watching the video of those two Domino’s Pizza employees makes me feel disgusted. One employee is picking his nose with a cheese strip then putting it over the pizza dough. I hope there is no booger on it. I’m not interested eating a pizza with booger as toppings. It really destroys a company brand name doing those things. I do hope Jollibee, Chowking and Greenwich Pizza employees won’t follow their example just to be a Youtube sensation.

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I got this article from Masigasig Magazine and this is about tips on how you retain good employees. I think this is not the right time to post this because of the economy. But nevertheless this topic might add something to our knowledge. I’m not sure if you will agree on the way the employer treat his employees as you read below and might raise your eyebrow because it seems very unconventional and too lax. I don’t know if this will work on any kind of industry, but since the company mentioned here is an I.T. business, it might work well if properly implemented on I.T. related businesses.

In the Orange & Bronze office, we found a bright blue bean bag tucked under one desk, two sofa beds in a corner, a big orange stuffed dog on a chair and another room where people could relax on floor mattresses and watch TV. We asked Calen Legaspt O&B’s CEO, to share his secrets to finding and keeping good employees: Continue reading →