I’ve read an interesting story in Entrepreneur magazine about a tool steel businessman who’s business was almost brought down to it’s knees due to cheating employees, Asian financial crisis back in 1997 and his spending attitude. It’s really common sense that living in frugality will really help a business manage it’s finances well, not only in business but also in our ordinary daily living as a typical worker. But not everyone have that discipline especially if your spouse is not thrifty enough even though you did your best to become frugal. The COO of the Special Steel Products, Inc., Joseph Anthony Pardo said so himself that “although the Asian financial crisis was totally unexpected, the company would not have been as hard hit if they handled their financial well.”
Another aspect that became their major problem is the employee’s dishonesty. In 1986, when some of their former employees started selling cheap steel to their clients, claiming that they were the same as Bohler. The company lost a number of clients to the copycats who offered a cheaper yet substandard alternative. They (dishonest employees) also resorted to unethical means just to sell such as cheating the customers by substituting materials, and spreading black propaganda about their company.
Media have it’s magic, it will make something awful really nice because of good publicity. It’s really hard to become popular in the internet but in television you can attract a lot of visitors. Maybe that is a quick way for a blogger to become famous by exposing themselves thru those kinds of media and also by using magazines telling all those things that they are so and so famous about their craft.
This Season of Lent, I’m reflecting on what happened to me in the past. How I endured those past miseries from the time I finished my college up to my last employment. I prayed that as much as possible, I can continue being self-employed for the rest of my life because I know that being employed, no matter how long you stay in the company, you will still leave it. Yes it’s true you can get another job but for the reason that the business that you were employed with is not yours, you will still have to leave it either by retrenchment, retirement or termination.
I wanted to share with you this little questionnaire I got from the internet. One of my favorite topics about entrepreneurship. If I’m not mistaken 8 years ago. I got this from consumer law page website. It was developed by Pat B. Alcorn ( In Success And Survival In The Family- Owned Business ), an expert on entrepreneurial problems. This will help you determine your “Entrepreneurial Quotient” and somehow will get some assessment on your chances to succeed in business. It’s more of a personality test to see if our characteristics are similar to a typical 
As much as possible I only want to include things that will benefit everybody from customers to business owners (or entrepreneurs) and to employees. Most of the time the most neglected part of the business segment are the employees. Employees are treated like a commodity. But if you will look at it in a different angle, they are customers too. Without employees, how can you run a big enterprise? it’s a good thing if androids are already invented to replace humans. But in a business sense, we sell to humans. Employers are human, employees are human and customers are human. 