Ryan Ho's Entrepreneurship Blog

Behind my thoughts and processes on becoming an entrepreneur

Archive for the ‘Entrepreneurship’ Category

June-1-10

Answer

posted by ryan

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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May-24-10

Change II

posted by ryan

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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May-2-10

Opportunity II

posted by ryan

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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April-29-10

Loan

posted by ryan

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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April-28-10

Package

posted by ryan

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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April-17-10

Unity

posted by ryan

Unity is to be undivided or unbroken completeness. It is the state of being completed as a whole, combining parts into one with the absence of diversity without and having a common goal or focus.

Together as a whole, in quantity, it translates to quality in terms of strength and a force not to be reckon with. Following the updates of Thailand demonstration that has lasted for the past month, it has come to the attention that even military is helpless against the united group of demonstrators.

While the politicians wanted to capture the red shirt leaders, the red shirt demonstrators successful defended their leaders and even assisted in their escape.

Military going up against the civilians might sounds a strange because one side is fully armed for combat while the other party isn’t, but with time and news reports, it have proved that without weapons, and sheer numbers, military can be push over when people come in numbers as reported in news.

It is the cooperation of all individual demonstrators of the red shirts which made the demonstration successful and cause the military helpless plus tourism in Thailand suffered millions losses in terms of revenue. That is a classic example of unity, and power that represents the people, civilians are the boss of the politicians.

Looking at the model of the boss or employment, while it’s true that we work for money, and our boss are paying us income in return for service, the biggest boss which refers to the politicians and governments of every nation still have to listen to their bigger boss who are paying them their income in the form of taxes, which is ordinary civilians.

Upset the real boss, and politicians will have a tough time clearing up the mess. The real power lies in the people, not the politicians, as they are still serving the people.

Politics and government is a people business, the rich politicians have to listen to their real boss the civilians and their requests else they will be forced to leave their post, especially when votes and elections are being made.

Communication and listening to what our clients wants and needs are important if we want to be rich and successful and at the same time earning the respect of our real boss.

Ironic but true.

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April-13-10

Brew

posted by ryan

Brew is the process of preparing a drink, brewing is often used and association with beer, undergoing the process of steeping, boiling, fermenting of malt and hops.

While there are a wide variety of beers all over the world, the core components of the beer is consistent, which consist of barely, yeast, hops and water. The same components under different conditions will produce different results.

Likewise in business, we may all have being taught and read from the same books, but our ideas plus experiences will result in different business ideas which translates into unique businesses with application put in place to produce either a product or service if not both of which.

Business involves many steps similar to brewing a beer, no matter what you are brewing either from the back of your home, garage, kitchen, workshops, laboratories, or even large scale beer brewing plants, the end results are still the same, beer.

The difference within the similarity is only the core components which go into the transformation process. Like how barely becomes malt and how sugar becomes alcohol, similar on how a idea converts into a business execution for profits.

While the process is troublesome from the third party point of view, but once you understand how it works, you will understand the basic principles in the process to start your business right from your home with a simple starter kit.

Business can take flight anywhere and everywhere, as long as you have the basic components required and know the proper steps to implement and have a successful brew first before you try adding in your own conditions to brew your own unique beer like a new business product.

Passion is all that it takes.

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April-11-10

Power

posted by ryan

Power is the ability, capacity or authority to carry out an order, action or command to have any task completed either done legally or illegally.

It is the strength, force to influence to accomplish tasks via being in a authoritative position to order subordinates to complete their assignments/tasks on time.

It is a force not to be reckoned with, especially with nature especially with the forces of natural disasters, the power and impact is damaging.

It is what many people would dream of having, the power to control almost anything and everything by being in an authoritative position. Power struggle is usually the result of not having reached an agreement and both either sides are happy with the terms and conditions being proposed.

In the most recent example, Thailand, the red shirts peaceful riot that changed into partial violence. While it looks like the military has got the weapons, and are in the authority position to defend them but without the command from their leader, they cannot carry out anything.

The people participating in the riot on the other hand has the advantage, whatever steps the military and government do, they still win because they are taking away their rights, restricting their movements and forcing them into a corner by force.

By using force, such as bullets, water guns against the protestors who started with ladies and even children, military has no reasons to fire bullets against them, but they still did, thus they are in the wrong. For pushing them backwards, they are bullying the weak, thus the protestors return what they receive from the military.

One of which was throwing back a smoke grenade back to the military, thus they cannot say that it is the protestors who started the violence with they throwing grenade into the government protected places as reported in Channel News Asia.

There are lots of political Dos and Not Dos which we can learn by watching the news. If you want to succeed and win in the war of business or politics, you will like to switch your channel and get the latest insights to their progress.

Who is right or wrong, it is all based on personal perception and views. To win, we not only need to know business but also politics.

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April-10-10

Black

posted by ryan

Black is result of the lack of light. In the absence of light, it is complete darkness in pitch black.

There are many words associated with black or darkness. Negativity, underground groups such as gangsters, mafias, criminals along with other natural habitat creatures such as bats, underground, caves and explorers often risk death trying to venture into the unknown.

Darkness is not considered to be anything negative but rather it is just another kind of living habitat which is not suitable for most of the living organisms.

Only the creatures with the strongest will power will survive and evolve to change themselves and learn the ropes of survival in complete darkness, in this case a cave.

Having just watched “Planet Earth” from channel U, while it seems dark and creepy looking at the caves from the outside where there’s light, pitch black never fails to give off a sense of misery which attracts dare devils to test out their guts.

Thanks to modern technology and the documentary shows, it is possible to understand and be mesmerized by the allure of the hidden beauty in complete darkness under within the cave.

As the common sayings goes: The most beautiful is often the most lethal and deadly which is true in nature, cave exploration has got its high risk and is filled with nothing but danger, especially if you decide to explore under water.

It is when you live and learn the rules of survival in the darkness, depending on your senses for food and your life that makes it much easier for you to survive out in the wild when there’s light.

Survival is a testament of certain success, regardless of whatever situation and environment, even if it is pitch dark, one must learn and navigate through the routes and find the way out.

The creatures living in darkness and daylight both have their own ways of survival, but man on the other hand can survive both in light and in complete darkness thanks to technology and learning some crucial survival skills.

While we are mesmerized by the beauty of nature we also must respect nature. Likewise, to live, succeed and win, we need to learn the rules of survival in a highly competitive society just like how cave creates evolve through thousands of generations to lose their eyes and be born blind.

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April-9-10

Survival

posted by ryan

Survival is skill. It is the process of surviving unusual circumstances, dangerous situation or even natural disasters.  It is the techniques to provide basic necessities like food, water and shelter to get help.

Under certain conditions either as mention above or when chased out for a community, a person or any living organism will try their very best to live, that is a genetic system build in most of the living organisms in particular man.

In the documentary show on Okto “Is It Real: Federal Children”, it highlights different previous cases of children who were left in the care of animals, learning their language and some eventually landed up in mental institutions as their caregivers give up.

To survive and live on means to find food, water and shelter, it is already being programmed in our mind. Inside the mom’s womb, in the case of a twins, they will fight for survival in food and space, thus sometimes, moms give birth to twins of different size and weight due to food and space competition.

After birth, the mind is fine tuning the brain wires to learn and accept whatever knowledge and education in the crucial few months to first few years of life.

Before and after birth, the first few years are critical in picking up new skills and knowledge, in this documentary case example, it is the ability to learn and master human language since the federal children are being bought up by dogs, wolfs or relatives from the money family.

Brain is a wonderful organ, which can also rewire itself to adapt to changes which explains why people either upgrade or downgrade themselves in terms in intellectual wisdom and behavior by mixing and learning from the group of people they hang around with.

A person who once experienced a accident, causing bones fracture and damage to the brain thus during the healing process, the body needs to relearn how to walk in road accidents cases. This is when the brain will retune and rewire itself to adapt to learn new things unless that particular learning section of the brain is damaged.

Before I side track too much, lets get back to the topic on survival, as it suggest, our brain are programmed to seek for necessity to give us food, water and shelter. In particular to shelter, this covers the area of attention, care and concern which is just being discussed briefly in the show which I will write more in depth about it.

Shelter to my understanding thanks to the documentary show is defined by care and concern being showered to a infant/child by showing love and attention. When this attention and love is missing from the equation, which maybe a result of abusive parents or lack of attention from both working parents, it will lead to more complications which we see in Singapore these days which is sexual related problems.

Sex itself covers a wide array of topics. The core fundamentals of sex boils down to love and attention, when people will start searching for love and attention from whatever source available which will give us what we seek thus the reason why these days, boys and girls often get into boy-girl relationship.

Reason is simple, to compensate for the lack of attention and love from their caregivers who are their parents, grandparents or relatives and adoptive parents.

Children are being neglected due to intensive global competition for money which converts to bread and bacon for the family thus parents as care-givers have no choice but to seek employment for income to bring the bread and bacon back home.

Looking at the perspective of adults and parents, they are not wrong, and it is their mind, the already programmed system to seek for food, which comes from work to get money thus sexual related problems which we have in Singapore and in other countries is a global problem and is not exclusively to a country.

It is the basis of survival, in order to tackle the problem of sexual related issues, we need to go back to the basics, provide attention and love to the children which are near impossible given the competition from both local and foreign talents for the same piece of pie.

There are many ways to go about and provide a solution to sexual related issues to cut the roots of the problem, but that I will keep it secret till the time for me to offer it as a business product and services for the solution.

If you who is reading this post is a parent, try your best not to neglect your children else problems will gradually crept up to you for your ignorance and those problems will only show up when your children grows up. So if you know the cause already from my post, start showing more attention and love to your children.

Work towards having a blissful family which will solve the root of the problem.

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