Ryan Ho's Entrepreneurship Blog

Answer in dictionary terms has different meanings and it can be a reply to a question; a solution to a problem, a response to something or retaliation when faced with opposition or in defense of oneself.

Over the past few weeks of absence with full use of notebooks, time and thoughts set in with more rooms to think.

As I look back, I’m thankful for the natural life cycle of items, objects and even living beings inclusive of animals of all kinds.

During the absence of a own fully operational notebook, there are times whereby I wanted to continue to write out my thoughts via blogging, but is limited to my situation which I’m in with depleting resources inclusive of money, time and health.

Without money, time and health will not be possible. Without money, my path towards entrepreneurship will cease to exist and so I will remain just like another average joe on the streets.

Having ample time off from the notebook (electronic gadgets) has given me another answer which I would otherwise never will come to realize without the aging notebook due to the shelf life of items.

As I read books, thoughts started flying through my mind, at times floating  and even crawling pass my mind. While the ideas and thoughts are constantly changing, the one thing in particular which I was constantly thinking was how to get rich, and being both rich and right at the same time without compromising on my principles needed for my own personal branding..

As days passed..weeks…months..even while I’m working, being employed (though I once said the last time I wanted was to be employed) but I still got to face reality.

The harsh cruel truth of society, money is essential for almost everything. Without it, nothing is possible, but on the hind sight, money still has its limitations.

Searching for answers and the path (formula) required for success, with the advice and comments from my current boss, I learn quite a few helpful tips essential for success and getting rich.

Face the music is what I could sum it up of.

Face the truth, reality, and never ever live in my own desired world or some say fantasy. The right answer is that there is no model answer.

Here’s a food for thought for readers: How to get rich?

You might think there are numerous ways and different scales to doing it. That’s right, there’s no one definite answer to a question or problem.

What works for you might not necessary work for me so the key to success is to ask yourself what kind of parameters and environment do you want to be in and be ready to compromise on certain things which you might not like.

Flexibility is what makes all millionaires and billionaires rich. With the same goal and destination, you just need to search for a terrain suitable for you depending on your working style, preference and personality, work with supportive people and be in a team.

No matter how rich and successful a individual is, the wealth he/she now holds are a collective effort of all the other individuals who are helping those in the limelight contented with what they have

Ask yourself and find the different answers. The truth of the adulthood is that there is no such thing as good or bad, whatever brings in results is considered good. (A far cry from what’s taught in schools, but that’s a cruel fact of life)

Start asking yourself questions and try out different answers. Even if it’s wrong, it is also an answer which you have tried, you just need to identify those suitable answers and assemble them accordingly to make it function and together with a framework, it will than become a formula of your own.

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Change is the transformation of a something to another thing. What works in the past may not necessary work in the present.  It is the substitution and replacement as time pass.

Getting updated and following the trends and fads especially when doing business. Businesses are constantly evolving in order to stay ahead and above the competition to remain as the market leader for the more competitive industries.

Businesses that don’t come up with new products will be left behind in the dust before they even know it. Growing up, be it individual from being physically to as an entity of a company, all are constantly changing to meet the demand required of it.

Business owners especially in the fashion are exceptionally updated and must follow the trends else risked being outdated in less than a year as fashion trends become fads shedding its old appeal and living in a new skin like a snake crawling out of its old skin.

People also change every second as we grow; our body goes through the physical and mental changes in different situations we must adapt and blend into what is required of us in the environment to survive in the terrain.

Over the last few weeks of absence from blogging, there are quite a few lessons which I’ve learnt, the most important is change, don’t be resistant to change, and else there will be no new fresh ideas. Change rules and principles if there is a need, being inflexible will increase the frustration and unhappiness thus killing our brain cells and that kills our creativity needed for survival which leads to risking being outdated leading to poverty in worst case scenario.

In the past, I blog from home without work now I blog from office at work. I can say that I’m lucky to be hired and still able to continue doing what I like, internet marketing and more importantly getting paid to do what I like.

Success is guaranteed as long as you don’t give up, sure enough, it’s the truth and I tested it out on myself.

During the past few months, I was work from home, without income, entrepreneurship seems like an uphill task, but after sticking to what I believe in, accepting no other employment except internet marketing, I’ve found this current employment which allows me to use other people’s money and resources to continue whatever I’m doing. In fact, I’m learning new things with regards to internet marketing and learning the differences of internet marketers.

The crucial lesson which I’ve learnt over these past few months about entrepreneurship is that in order to succeed, there must be a continuous stream/source of financial means to support the starting up process so as to create a model which works for respective individuals, and that requires time, effort, creativity and money.

Ignore money, and nothing will be possible. But don’t look at money as extremely important; it is just part of the formula required for success. Have the right principles on money before you think about getting rich. Else should you start on the wrong footing, when you get rich than start learning about money management, it will be too late.

Should you be receiving high income, you will also have difficulty managing your finances, and with not much savings as reported by Straits Time recently as shown in  http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_529522.html That is another topic which I’ll write another day.

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Opportunity is a topic which I may have written earlier, but this time this is on a rather different segment. This blog post will talk more about the importance or rather the crucial and in fact critical moment for success.

As I’m writing this blog post, believe it or not, I am racing against time and my notebook, a five year old Fujistu Laptop Model S2020, with a loose adapter that will run out of power anything due to old battery and over-used adapter or I presume the socket is faulty since the adapter was purchased and replaced with a new one just less than two years back.

Over the next few weeks, I will be blogging less, due to the technical problems which I’m facing and I will turn fault into opportunity like what Henry Fault said: Don’t find a fault, find a solution. So by that it means, I will try to be less dependent on this notebook, taking my product creation, a total not less than five books which I have already decided on the title, chapters already and will be writing them in my book by hand instead of using my notebook.

I’m not complaining, but this blog post is just to allow readers who are regular readers of my blog to understand the situation which I am in currently. Thanks for your encouragement in continuing to come back to my blog to read. I will try the best of my limits to blog if my notebook is cooperative with me as I’m at the mercy of my notebook in fact as my notebook is giving up on me already..

Once I complete my books and have them sold off the shelves, I will come back stronger and a winning formula on another topic with lots of tips on how to survive days without modern technology and getting back to the traditional methods of product creation.

Thanks for the loyal readers.

If there’s anybody who may want to help me out with my situation, the amount I need to get back online 100% will be a cheque of SGD $4000.

The person who is willing to sponsor me this amount will get rewarded. No details will be posted as I don’t want to be appearing to be selling my products and services since I have being trying to offer free advices via blogging.

Only genuine sponsor are welcome to help me, no questions asked in the process, and leave your contact behind so I can repay/return the favor of gratitude to whoever is the sponsor. I just need a SGD$4,000 cheque to my bank. Thank You, (just contact me via my contact page and I’ll reply as soon as I can come online.

It would be best to get a sponsor but I’ll try my best to buy myself whatever I need, it’s a hard and difficult route ahead without going online, but I will work out the details.

I just need a investor who will be willing to make a investment of just SGD4,000 in me.

Kindly come back and read more blog posts when I’m back online with a new notebook of my choice.

Thank you.

The route to entrepreneurship, solving problems starts now.

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Debt is a liability and a obligation to pay for something.

It is created by allowing an individual to use repayment with the intention of using future purchasing finances for a purchase.

It gives both individuals and businesses a alternative and convenience to get they want creating mutual beneficial situations.

The client gets his/her hand on items they want to owe with the use of financing of installment options, allowing clients to buy more with a single source of income spread over the number of months as per stated by the installment agreement.

The banks/businesses will be happy too as they have more sales and profits form the service charged billed to the business operators.

Should the client sign up more installments, the business will be happier, but if it exceeds the client’s threshold/financial capability of repaying, it will turn into debts. Banks will than set into the picture and charge clients an interest for debts incurred on compiling basis monthly.

Having the banks calling up the clients who are now debtors to the bank owing them money is not a pleasant experience nor would anybody want to be in that shoes.

To avoid such situations, it is best to avoid paying in installments, as accidents can happen (touch-wood). When it do happens, sudden lost of income will mean the lost of use of all un-paid items, in the event of inability to repay the banks, items will be auction to recover the repayments of debts.

Failure to repay all liabilities or debts will result in bankruptcy.

It is best to enjoy shopping paying using cash or using debit card or spending with monthly budget so to prevent any unwanted negative debts.

To properly manage debts, one has to know the difference between good and bad debts.

Good debts are mostly used and embraced by the rich individuals or business owners. It happens when they pay for items on installments similar like the majority of clients but with a twist. The only twist is that the rich has another stream of income to supplement, off-set this installment payment and even calculated to profit from the installment as a positive Return On Investment (ROI).

Bad debts are widely used and practiced by individuals and such problems always surface among the poor. They only pay and opt for installment options without additional external sources to offset the repayment scheme and yet keep on increasing their burden of repayment by buying more items on credit without working within their budget or considering if they can afford to pay off the bill thus problems are created in the process.

For better money management and free advice, doing it yourself is the best way possible. Simply using simple add, subtract, multiply and divide to calculate the working budget/income.

Identify all input of money (income, contributions from family/relatives); payments such as insurance, medical policies, monthly expenses for food, transportation and entertainment. Inclusive of amount of money meant for savings and investment and label them as expenses.

So that when you have a clear picture of how much money you have after deducting the necessary expenses and investments and savings which you will not touch, than you will have your working capital or the remaining as your budget to spend on. This way, you will not overspend your money and incur unnecessary debts for nothing.

Spend and plan your money wisely.

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Loan is the act of lending, a grant of temporary use of something. It is often associated with financial related as a type of debt, a financial assistance between the lender and borrower.

There is a agreement between the lender and borrower, usually money loaned out with interest charge attached. Banks and Loan-sharks charge interests but what differentiates them is that the former is legal whereas the latter is illegal.

People often seek temporary loans to meet needs before pay-days without interest as it is between trusted friends and family. This is a simple transaction that seems harmless, but should it become a habit, it will reflect a worrisome trend, poor money management which is what majority of the people have.

Using this month’s income to pay for last months bills and expenses billed to them inclusive of their daily general expenses such as food and transportation expenses. The banks being the smart business owners, than introduce credit cards to allow majority of people to by pass this problem of not having sufficient money to spend.

While this credit card solves a temporary solution to the problem, it in fact creates a much bigger problem that is snowballing up in damage and image if not managed wisely.

That problem in particular is the interest incurred during the use of credit cards for overdue loans which has since converted into debts adding to the woes of employees who are the majority without sufficient money cash-flow also known as cash liquidity in accounting terms.

Loan is a double-edge sword, when used correctly, it will help individuals, businesses increase their wealth, cash-flow liquidity, and thus more money earned. But if used wrongly, it will speed up the problems and have it erupted like a volcano with magma flowing up from the source… Magma in this case refers to the snowballing debts compiled and made worse by interests.

The start of the volcano in the making is the lack of proper financial knowledge. What caused the magma to shoot up is the temptation of shopping, advertisements and the urge to keep up with trend and be sociable thus money is spent.

To learn proper financial management skills, it starts from young and in fact, there is no need for professional financial management, all of it boils down to proper understanding and the contribution of experience for people across the globe.

Learning professional financial knowledge management is a skill for use and application in big companies with deep pocket, thus it is like a crash course to educate and impart a complete rookie who knows nothing about financial management to somebody who knows all the crucial and critical pointers as advised by lecturers and professors during the learning.

Either way, the most important route to success is to start off with the proper basics of sound financial management skills.

Are you in a having nasty problems with your money? Simply do a simple chart which calculates your input and output of how your money are spent and you will get a better understanding of where you money is wasted on before coming up with your own plan to better managed your own money.

Money management is important but do not forget it is a double edge sword. Handle with care.

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Package is a bundle of something usually in small or medium size packed or wrapped in a parcel for delivery. It can also stands for a completed product or fully operational system that is ready to be sold to the clients from the manufacturers to the retail outlets before landing onto the end users.

There are numerous packages bundled up with various business products and services. Package is no longer the same old parcel sent among people via postage. It has now evolved into a whole new package for business, offering a full package by definition is to provide a head to toe one stop solution to the users with any related services that the end user or client will require in attempt to capture and gain the trust and loyalty of a valuable customer encouraging them to return back for their services.

Bundle of services, products of various mediums can be found anywhere and everywhere, big or small there are lots of examples.

Small businesses offer a package in the form of a convenience store also known as “mama shop” in the past which has since largely replaced by convenience stores such as Cheers and 7Eleven franchise outlets offering a one stop retail outlet for general products which we need on daily basis.

Big businesses will provide similar bundle packed services like in a hotel, there are housekeeping, business conference room, social hall, meeting, training room, restaurants, accommodation, swimming and other related facilities to ensure that the customer is satisfied with the range of products and services offered for maximal customer satisfaction.

However, it is not always this way, at times, there will be instances whereby due to some minor error or miscommunication which cause the break in delivering a complete package of services and products due to short of manpower or ill-trained service providers/employees thus resulting in a complaint or silent dissatisfaction causing the client to be a one time client only.

Examples such as in-complete service are as follows: Failure to fulfill services it promised as per advertised (Goldman in the fraud case), trying to cut corners by reducing business expenses with inferior quality product replacements (Toyota acceleration problem)  or in worse case situation, totally omitting a crucial section of the package only to have the client finding out when he/she opens the package up once it is delivered to the end-user (spa business sudden closure without refund/providing services as promised).

Whatever we do, in personal, among friends or with business, it is all about packaging, a package that you offer and sell yourself to your friends, and business partners which are tied up with your creditability, reputation or past track record, branding, efficiency and productivity along with other factors involved. It comes in a package..

Failure to provide a full package will result in loses of reputation and your own brand will be killed in a instant. It is hard to build a brand, but it is extremely simple to tarnish or ruin a brand over night.

Proceed with extreme caution. It determines your success or failure, rich or poor and it depends on what we do in business not only for ourselves but also for the business.

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Brand is a symbol, name, slogan or anything that is used to identify and distinguish a specific product, service or business. A business without a brand is like a headless body with no identity.

It is the title; subject who tells the audience, clients and passer-bys what this business, product or service is about. Without a good brand, it will send a wrong signal to the clients affecting the revenue and profit of the business.

If done properly, the business will have brand equity, equity, intangible asset, trademark and many others. It symbolized the quality assurance, reputable, creditable business offering products and services which the customers will trust without a doubt.

It is what separates and distinguish between successful wealthy big businesses versus small scale businesses that do not know how to optimize and leverage on their brand.

Making money is simple, making tons of money is difficult and it boils down to the brand, business strategies and how it intends to sell itself to the market. There’s lots of considerations, but start business off with the right footing, brand yourself, your business, products and services first.

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Fun is the process of enjoying something, amusement parks, enjoying the thrill, excitement, suspense and even horror all for the pleasure of fun.

Fun is the term used for kids and teenagers whereas it can be fulfilled easily without much expenditure of money whereas fun in adult perspective is recreations.

Recreation is a refreshment of one’s body and mind meant to be engaging a person in something which is to get involved in physically

While many people wants to have fun, it is best to identify and know exactly if you want to have fun or to enjoy recreation activities.

In my own terms, fun is simply to enjoy whatever you are doing be it physically or mentally engaging activities, as long as you feel happy and like the process of doing it, that is classified as fun.

As for recreation activities, it is a test of mind, body and soul whereby it engages the participant to think and relax in the process. It is used for reducing of stress and more of getting to know what you like and knowing more about yourself with the different kind of activities you get involved in personally.

Depending on the activities, it will tell you your real interest, and getting to know more about yourself if you are lost for directions on your life or purpose etc.

Now matter what you do, you must have fun, but just sufficient fun and do not overdo it.

Sufficient fun in the form of reward and not to play which is already considered overdoing it.

Learning, earning money or doing a hobby/interest can be fun. If you know how to identify the fun element, than ask yourself what can you do to profit from the fun.

Making money is fun especially in business, because when more money is made, happiness is shared and more recreation will be opened up to us with more financial abilities.

Learn to enjoy and have fun and make a lot more money in the process and make everyone happy.

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Battle is the contest of strength and merits of individuals in a hostile engagement in any environment.

It is not simply a fight, instead it consist of many other factors and hopes pin onto that single or group battle of participants where dreams, hopes, dignity, reputation and pride are on the line.

Emerging victorious from a battle with valour is the pride of the winner representing not only himself, and also the coach, people who believe in the contestant/fighter, the same race and even the country he is representing.

When a contestant is selected, he no longer represents himself but represents all the people and is wearing the national flat in a battle. Living the dream and living up to the nation’s reputation, pushing themselves forward at times even if they themselves want to surrender at times.

That is when moral support, motivation, cheers works on the contestant who represents their dreams to push on and fight harder than before the results are announced.

In the technology era, there is no longer the physical battle. Instead it has all switched to the use of media, wanting to emerge as the winner in respective fields to be acknowledge as the global champion without engaging in fights which is also known as politics.

There are two concurrent wars happening in every single country on earth, the war of politics and government fighting on two fronts but using the same soldiers.

The top cabinet ministers are the politicians wanting to establish themselves as the good person helping other nations in need thus they go for bilateral ties and treaties with respective nations with mutual beneficial terms.

On the other hand, the same cabinet ministers are fighting their own battle with the civilians who are their boss and may pass the rights to run the country to another political group if they fail to satisfy their needs which are employment and ensuring everyone gets paid.

This is what I myself view as a losing battle, one person cannot fight on two fronts, moreover they don’t even understand what the external nations wants with their own country and there they are trying to win on both sides and are sinking on both ships with each leg stuck in a ship each, sinking along with them.

What kind of battle are you up against with? Who are your competitors? Are you representing yourself or your parents or even your own organization? What is it that you seek? Before you even have the desire for battle, what is the purpose?

Battle is the same in business, fighting everyday for profits, sales, clients, and with the objective in mind to win and emerge victorious thus growing rich, affluent into big companies and businesses.

Are you rich or in the process of making it? How do you plan to strategically move yourself up there and where are your alliances? Identify all these to increase your odds of success.

If you don’t plan, you plan to fail.

Failure is not a option but a chance to do self-reflection.

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Technology is the usage of knowledge of tools, techniques and crafts to communicate for convenience especially over long distances.

Modern technology has replaced old traditional media such as telephone, text messaging or short message system (SMS) and even blogging ever since the introduction of mirco-blogging which is more related to giving updates of personal details than to share ideas and thoughts.

No matter how much innovation and creativity are being created with modern technology, age old communication face to face will still be the strongest form of communication.

It is only when discussions are carried out in person, than are they able to melt or iron out disagreements, differences in thinking, ideology, principles, objectives, agenda before unanimously agreeing on a share vision for mutually beneficial terms and conditions.

While technology has increase the bonding of friends without meeting up in person, it only is able to tell us in one single aspect of communication which is the thoughts of what is in our mind that is written in social networking sites such as Facebook, Twitter, Youtube and many other social websites or even gadgets such as 3G phones etc.

The benefits of meeting up in person for discussion has got more benefits in fact which most civilians will not notice either way because only businessmen or owners will testify to those benefits.

In a person to person boardroom, group, or private meeting, there are many other ways in which we can communicate and understand both parties’ interests clearly without many words used.

Within a short effective one hour group discussion of meeting, there will be discussions, disagreements are ironed out instantly without waiting increasing the lag time. The tone, facial and body expression will tell the receiver even more details about the real intentions, thoughts and observations during the conversation thus making an accurate decision as compared to a casual discussion online.

Social websites can create the common bond, but it is the bonding of trust and chemistry that is only created during inter-personal interaction that brings the gap one step closer to one another.

Technology at the end of the day should be used as a secondary communication channel only for keeping in contact with people who each of us are not really close to, but primary communication still stands and is technology proof, interpersonal communication is still what works best.

It’s a fact; if not why would couples want to meet in person to know the other half instead of meeting, chatting with each other online until the critical stage of marriage than meet. It is a fact which we cannot deny and cannot escape; bonding is created only at interpersonal level and not via technology usage.

Embrace technology and put them to good use, but do not let it be used as an excuse not to meet friends in real life. Communication is what holds people together and it should be done in person.

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