Entries Tagged 'Success Stories' ↓

It was after I decided to try online entrepreneurship back then and when I was retrenched from the company I worked with (together with those poor employees like me who were very loyal to that company) that I noticed Sulit.com.ph is gaining popularity across the country. That was in year 2007, when I went full time on the internet to make a living. Those days were full of hope and dreams that someday I might be one of the dotcom moguls of the internet like those famous successful people like Sergey Brin and Larry Page of Google, Mark Zuckerberg of Facebook, Marcus Frind of Plenty of Fish or Craig Newmark, the founder of Craigslist. But now I realized that it might just be a dream because I’m still chasing it. Maybe I don’t have the qualities needed to become even just a fraction of what they are now or maybe I’m not in the right time or in the right place.

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I think many of us have seen successful people who have reached the top but from their humble beginnings they have encountered many obstacles. But because of their will power, they have overcome those obstacles. What I wanted to talk about on this topic is the parody of  Telephone by Lady Gaga and Beyonce spoofed by the two guys (or gays?…whatever) from Davao and called themselves Lady Gagita and Haronce. I first seen it on Facebook sent to me by my wife. Although the background and the props doesn’t look appealing, it’s because the original MTV version of Telephone are all American, which is, a western version. Unlike the two guys that looks very third world so to speak. But despite of those odds, I was entertained and amazed how well they did the MTV parody. There are many instances on that video that gives me the laughs. One of those is the man who was eating kamias, instead of bacon and eggs when Haronce ( spoofing Beyonce ) poisoned the guy.

And the funny props like C2 bottles used as curlers and electric fan guard used as a steering wheel. LOL! When it was featured in Jessica Soho last Saturday, I was impressed again how they did it. They are just using a video camera and collecting props which some might considered trash. Also, they don’t have a computer and internet connection so one of the guys just rent a computer on an internet cafe to edit and upload their master piece on youtube. Despite the odds, they are now becoming popular and featured in GMA 7  on Jessica Soho. That is the kind of will power that I want to develop and also wish that every Filipino entrepreneur should develop. Continue reading →

Heard about a 25 hour service restaurant? I’m not sure if I remember it correctly but when I was in my younger years I think I for once I tried to eat on that restaurant but I don’t remember that it has a 25 hour service. Since there are only 24 hours in a day, I think it was only marketing gimmick to tell people that their service is worth more than just 24 hours in a day. As the title of this post say, the restaurant is named Goodah!!! But, have you thought that this restaurant have it’s original owners or founders till the present time? The answer is no. Since it went to difficult times, the owner was forced to sell it and it was said that only brand name has set a strong positive impact on people’s mind. In fact, there was a movie titled GoodAh!!! by the famous trio comedian Tito, Vic and Joey.

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Who wouldn’t recognize the leading sporting accessories and apparel store chains in the Philippines? Many years back, I remember it has a small store in Greenhills Shopping Center back in 1982. That time I was only 13 years old and little that I know the real story behind it. I’m not a sports buff so it’s impossible to think that I will visit Toby’s but what attracted me to that store are those  radio controlled airplanes and accessories that time. I remember those days when I begged my uncle to buy me a propeller driven F-16 fighter jet kit made from balsa wood which I assembled myself. And my only way of learning how to build and cover it by monokote it is by reading R/C model airplane magazines and books. Sad to say, I never had a chance to fly it because I was afraid I might crashed it. I was only a beginner in that hobby those days. I remember I also bought model engines for that plane, monokote and a 4 channel radio control set. Later I learned that I need to fly a model trainer aircraft before flying a faster airplane like that F-16. So I bought a J-3 Cub model plane kit from Toby’s but again I can’t fly it because it was a scale model airplane. Scale model airplanes are for expert flyers and not for a beginner. In the end those two planes I build just became an expensive litter. After that I bought a third trainer model aircraft from an expert rc pilot trainer who also taught me how to fly, I attempted to fly it on my own and crashed.

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The new Korean Tele-Novela Money War is now becoming popular here in the Philippines and I admit that I’m also an avid watcher.  In Korea the title is different, it is War of Money. Maybe the reason why Korean tele-novela are gaining popularity is the unusual stories happening in them. One very obvious and interesting event is about a loan shark named Bogart (I wonder what’s his Korean name?) who kept five billion won in an office. How in the world can you keep such an amount in your place? From the beginning of the story, I have no idea what is it all about and I don’t watch it that much because I thought it was just another rags to riches story. But as the story goes, it becomes more interesting and the drama is about money war between money lenders.

The main cast who played the role are: (This is on Philippines only, in Korea and other parts of the world where it is shown, the names are different) Continue reading →

Profit sharing in a business among the investors is really common sense. It is obviously the percentage of your investment versus the total amount of the capital. But even though we can go through with it without going to the standards, it is better to have it in order for us to deal in harmony with our business partners. According to the standards, if for example the total capital of a business is Php100,000 and your contribution is Php25,000, you will get the percentage of your share by dividing 25,000 to 100,000. In this case you will get 25% of the profit.

It is really common sense if you look at the standards. In case the total capital increased because other investors contributed an addiitonal capital, then your share will decrease. For example another Php50,000 was added to the initial capital, then it will become php150,000 which you have to divide 25,000 to 150,000. Your percentage of profit share will be 16.7%.

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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.

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