Ryan Ho's Entrepreneurship Blog

Currently working in a small but financially stable company, with bright prospects in the company due to the freedom that I have in my current position and job scope. It has made me realized that there are just somethings that school cannot and will never ever able to produce nor impart to the students.

Experience is surely one of those important elements that makes or breaks the business when a person is given the chance to be in-charge of an assignment or campaign. These days, as i work on doing my work, I was busy doing power point slides highlighting the numerous wrong areas that requires correction on the business website, taking part in discussion meetings and getting to gradually understand how a real business really works.

It is funny and ironic at the same time as I am pointing out the errors made by competitors, other marketers, from other industries, that I use as case studies in a discussion, I actually know way much more than those website designers, advertisers, marketers outside with diplomas, degrees certificates, yet coming up with poor ads, wrong ads that I can easily pinpoint at least three to five mistakes in a single ad copy (electronic brochure), with me just being a ‘o’ levels graduated only.

I will credit my knowledge due to the different work experiences that I have in numerous industries, meeting different people from all walks of life, and that made me learn much more than wasting time pursuing higher education that does not help with securing a good pay with good prospects. On top of which, knowing my limited qualifications, it made me took interest in topics that others would find extremely boring, which is to read up business related books, especially those written by top forbes billionaires list and the other millionaires.

Those books came in handy, as it taught nothing about business, but on how to be a better person, and treat others equally without wearing colored lenses by judging people based on their qualifications.

The worst thing about education is that it only increases the individuals’ arrogance as they capitalize on their academic intelligence and judge people first by asking their qualification and not by their pockets and how deep is it. That’s how the society works, both locally and globally, it’s the same benchmark, the person with the deepest wallet among a group of people is the most respected and followed despite the lack of education.

It is only when such intelligent students graduate start working in the complex adults world, that they learn it the hard way, than they learn to bow down, and bend accordingly to where the money is, in the process forgetting how to be a better person and lost themselves, their principles while chasing after money, becoming a slave towards money and only money.

In the books written by if not talked about  those successful individuals, it is all about shaping a proper mindset, behavior, thinking, and how to treat people, things that school have long ago thrown into the rubbish bin if not flush it out from their sights already.

Those are the limitations of academic education, while it does impart knowledge, schools and institutions doesn’t impart wisdom nor experience that is considered to be more important than the knowledge learned from school as most of which are useless, except for those in the health, sciences, financial accounting, law, engineering, and designing.

But yet, look at those in the Forbes lists, most if not all are in business, and majority are in property, retail, and financial investment sectors, which are not taught in school, only learned from external sources, from books, against those that I listed above, most only end up in the middle class.

All the others are absolutely crap, as the very knowledge that they learn cannot be of any use after they graduate and thus have to relearn the whole thing again. Especially those working in the customer service and sales industry, their skills are not used in anyway, so why even study all the way up there.when the time spend on studies, if channeled into work earlier could guarantee that they chalk up sufficient experience, and pay to study only education related to help improve their future prospects on the employee or career of their choices only after they have started working and found something that they like.

That’s why most people now-a-days have double diplomas, if not degrees or even more, as they have wasted time in studying something completely unrelated in helping them towards the direction that they want.

The other equally important factor is how to succeed and win in  competition in business, is not taught in school, as the very purpose of school is to gear up students to become employees who work for others, something that government and every countries requires to keep the country and the economy afloat.

Learning from a mentor helps to compensate for the lack of experience and wisdom, by leveraging on the mentors’ rich abundance of experience and follow the tested proven steps first, and in future, than we will sooner or later learn how much savings have we saved by doing the right things taking shortcuts towards success.

You never learn to appreciate the valuable and priceless of your mentors’ experience and knowledge until you meet up and speak with people twice if not thrice your age, only to realized that they have being doing exactly the same wrong thing that you were doing if not for your mentor’s correction that put us on the right track. Than only will we appreciate the mentor’s and follow everything he/she teaches us, and ignoring what parents tells us to (because they are not as rich as our mentors).

In schools, they can teach you anything and everything you want, except for the most important thing that everybody wants and is after ultimately, and that is to learn how to make money, that is a topic no schools will ever teach nor do they even know how to teach. Because if the teachers, lecturers, professors knows how, than they will not be employed and be teaching.

From my humble and personal perspective, it is best to start working, gain some work experience, and find the industry that you will never ever find it boring, and than only improve on your education and qualification so as to climb up the corporate ladder one step at a time.

Academics is only important to teach the basics of learning a language, basic mathematical calculation and simple science for daily living common knowledge. Anything beyond these are not required, as we can just pay for such services without learning it.

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Contingency planning is what separates the rich and the poor.

Having multiple back up plans and alternatives in the event if one fails separates the rich from the average income earners.

The kind of alternative plans may not always be ethical, sometimes, it is purposely design and made in a way to provoke others (black), and at times, just to maintain the status quo without any intention to widen the gap between business differences with competitors. Sometimes, by provoking others, leaving an impact, at least it reminds others of their presence in the event that nothing else works. This is widely used by celebrities scandals to boost popularity.

There are difference purpose, methods and variations of using strategies, at times, most of the times, it must and should be ethical, honest (white). In the event where intense competition occurs for huge profits, sneaky (grey) business practices and methods are employed. It may not be morally right, but it is essential to contribute to the success of the business or an assignment.

There’s a saying that goes like this, as long as the cat catches the mouse, i don’t care if it’s black or white. The same theory applies to business, but with additional grey area, so business employs all three channels to get the results they need to maintain and grow profits using white, black and even grey hat strategies to achieve their goals and hit targets.

Real life examples are as such: Military always have this intelligence unit where they legally spy on other countries to keep the power balance check. As for businesses, the beauty industry targets the ladies, at their clients expense..in particular slimming centers just simply cashing in on their ignorance.

Reason being so, is that slimming centers equipment does not serve the purpose at all. The reason why people successfully slim down is due to the hardwork of diet over a period of three months, with the help of a nutritionist counting and limiting the calories intake. Nothing more than it, so body auto-burns off the excess, but what from i heard from my elder brother about his ex-girlfriends slimming center homework, their diet plan was unhealthy and planned purposely to greatly make the body feel like nothing to burn, so they end up burning the muscles when there’s no calories to burn, thus getting the weight lost by losing the muscles that our body need.

That’s may not sound pleasant, but it’s the truth behind some business profit models. Mastering the different range of advertising strategies will help increase the percentage of success in the long term.

The best advertising method is considered to be a grey practice, whereby they leverage on the female models looks to sell even if they know nothing about the product they are selling. This strategy has worked for decades and will still continue to be effective in future.

There are many variations in which we can apply alternative solutions to get the profit that we and the business are after, but not at the client’s expense, and that’s what keeps only the truthful morally and ethically correct business afloat and profitable than other businesses that employ sneaky methods, who than are only able to profit by targeting only new clients, thus most business in such sneaky business pay huge sums of advertising fees to keep the business afloat.

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Wealth creation is actually very simple by just following step-by-step instructions, but it is never easily for a start as many people will tell you this.

Over my course of working, following my mentor, I was fortunate to witness the transformation and growth of how a profitable business help shape a millionaire. And from a millionaire, the rate of change at which the transformation was simply much faster than the climb up to the millionaire status.

The speed at which the business and the individual grows is minimally three times faster based on my humble one-sided observation.

What I have noticed during the process is that most people at the start of a journey is the most important step, without the correct mindset, 95 percent of the individuals will immediately drop out of the race after an effective period of 1 month.

Drop out reasons simply due to inability to do exactly as what they are told to do. In short- it is doing nothing.

Out of the remaining 5 percent, 3 percent will drop out after the third month. The last 2 percent, will have their success and failure confirmed after the 1st year of trying to do follow through what is taught and doing exactly as what they are told to do so. 1 percent out of the 2 percent will succeed either with profit or results, while the other 1 percent will again be eliminated due to failure to find their own compass, a direction whereby they know what to do, how to profit, and when to grow and multiply the profit accordingly.

Drop out reasons for the last 4 percent over the period of 1st year is simply due to greed, trying to follow and adopt multiple sources of income by signing up with more courses without even succeeding in any of the course yet and moving onto the next course, resulting in lost of focus, when there are many options for them to choose from.

The last 1 percent who made it pass the 1st year is than constantly tested and judged by on the ability to continue doing what they have being doing at least for a minimum period of 3 to 5 years without being losing focus.

What happens during the 2nd to the 5th year is the observation from potential investors, future business partners from far aside to judge if the person/entity is up to the standard of claiming to do what they peaches.

Consistency is being tested, ability to execute and deliver results is also being observed. Financial accounts of the state of both the individual (business owner), the entity as well as any employees and customers testimonials and reviews are being looked into and factored in as a consideration. Integrity, credentials, ability to defend and expand their own social sphere of influence are also being factored into.

It is only after the 5th year, that reputation has being established with deep roots (only applicable in the situation where financially sound entity).  During the 4th – 5th year, it is the networking, public relationship, bonding, and value, benefit exchange that is the focus, and being worked on, going to other businesses, helping each other grow, and sharing the money sources from the same pool of client database.

By sharing the money source, than are they able to tap onto each others database of qualified clients therefore increasing their sales closing by speaking to the right people with deep wallets.

Yes they do share their resources, as these type of qualified clients are more than willing to pay the following month, so that means the clients funds will never be exhausted. Unlike the poor where they keep all the secrets and money to themselves, thus their wealth can never out-grow that of a wealthy individual who has worked with other successful individuals.

In the absence of financial results, what’s left is respect with a strong aura surrounded with fear. For attempting to challenge a tested proven candidate will leave any newbies challengers worn out and reputation lost over their arrogance and inability to protect and proof their claims to validate with facts. (This comes not from theory but from actual experience of fending off a direct selling forum [under same user name for past 6 years] that i successfully eliminated every single one of the users who posted false, misleading, confusing information in attempt to source for leads.)

Now, even as i leave the forum to let newbies start their own threads without me posting inside the hard truth, leaving rooms for them to learn on their own, the other users are already smart and educated enough to even ignore the new threads knowingly that my thread is the only tested and proven source of information that they can trust with examples of facts to back my claims.

Moving on, and continuing on the 95% failure mentioned earlier, there are tons of reasons why the casualty rate is that high, due to the majority poor, but highly influence factor that clouds, and sway the shaky individual back to the tested to fail model of study hard and work hard model, only to complain later when they grow older “if only I had a choice back than” those type of excuse to save their pride and ego in front of the younger kids and like-minded friends.

The reason causing the extremely high failure has its roots deep rooted from birth, it’s part of our genes to copy, and indeed majority of all man-kind copied, copying the majority, seeing, listening, and doing exactly what they are doing. Thus the majority are poor, and the minority are rich, insanely rich based on the top 20 percent of the population of each respective countries.

To start generating wealth, first all of us have to break away from our genetic system, copying the majority, and start following the minority of individuals with tested proven successful model without even question nor even think. Just do as you are told first, get results than ask later, only when you start making money, than allocate a little portion out to test models that previously you wanted but rejected by your mentors and coaches, than will you thank them for rejecting you straight in the face.

The worst ever irony of wealth creation is that while successful millionaires share they secrets openly via workshops and seminars, the poor still think they are smarter and refuse to obey and follow the what is being told.

The rich’s rule is: Follow the money.

The poor’s rule is: Follow the crowd (majority). Thus most remain poor even if they are taught how to succeed. They failed mentally before even they started.

In a nut-shell: Always ask yourself this question when you are in doubt and denial of unable to move on towards doing a route less traveled.

That question is: Majority Rich or Minority Rich.

That answer will be the guide and financial compass to show you the route you should take.

Remember this take away: All of us have a choice to be either rich or poor and whom you listen to.

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There is a common saying, failure is the mother of all success.

While many people claim that they know they what failure means, but from the action, and response, it is clear that majority of the individuals do not even know the what the real definition of failure means.

To succeed and win in places where majority of all others have failed, there are a couple of reasons why we all must learn first learn to fail before we succeed.

In business, it is always a route of hardship and it is never easy. Should a individual or business entity always have a smooth journey towards the top, when he/she is faced with a obstacle, than will they understand why it is best to first learn how to fail before winning.

Reason being so is primarily because once the person at the top loses the top position, they will drop all the way downwards to the rock bottom, with no chance of survival. The person or entity at the second position who just took over the first spot, will utilize their own network and connection to block every single opportunity to block a fallen champion from reviving and take back their former glory.

Just look at Tiger Woods, the moment he dropped from his number one spot, to fifth, twentieth position and finally twenty-fifth world ranking than lost his own aura, the fear that most golfers would respect him has literally vanish into thin air. The respect that most golfers had of him gone down the drain, as he is still trying to correct his own swinging style to make improvements and get more birdies, eagle if not hole-in-one hopefully.

While the respect, aura of fear has vanish, the public and the crowd are still following Tiger Woods, as he still possess much more media attention than the other newly crown champions.

From the wife chasing after Woods causing him to get into a car accident, to sex scandals, to knee injuries, all bad times happening one after another, thus causing him to lose momentum, focus and old injury made matter worse..

While most can be prevented, by learning from history, but arrogance has led to his very downfall, and now he is learning to pick up the pieces and learn to be a better man by paying for the consequences in financial compensation to impose a gag order on his wife, his ex sexual partners from talking about it.

This is something that many of us can learn from, is to first fail many times, before we rise all the way to the top, so as not to allow such an incident from happening.

While we still do not know what is the future for Woods himself, all that we can hope for is that he had better find back the old shelf, with the good swing, and learn how to be a better man. It is only that after he apologize, and admit his mistakes, that the crowd is still willing to follow him, giving him a second chance.

Failure is not scary, in fact it is a must go-through experience, only which will it make us a better person. Success is scary, as it creates the illusion of everything is going smoothly, so there’s no contingency plans made, thus it is a long way back up to the top, taking a long time to climb back up.

To win, and attain success, fail first, and fail faster than all other competitors, so in the event competitors fail, we who have already failed, know how to do damage control, minimize the loss to the lowest, and emerge as the winner, just like how the Singapore economy was able to remain competitive and have a stronger currency value and positive outlook when the USA, Europe financial markets are in turmoil.

Thanks to our cabinet ministers and their rich experience of past hardships, experience, and most importantly, learning from history, than are we Singapore able to withstand what many other economies globally are unable to. That is success, and it should be celebrated, but celebrate it in a positive way to serve as a reminder for others not to repeat the same mistakes twice.

In short, to succeed, first you fail. Next if you fail again, learn from your own experience as well as your competitors’ failure and find out why it happened, and turn them into you experience. Next study what causes global failure regarding whatever markets that are connected to our sources of income and come up with back up plans to protect it from the incoming risk.

That should be the reason why failure will only lead us towards success, and not to repeat history to fail again twice in the same area.

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The question that always comes people’s mind is how do they rate the suitable amount to hire employees, talents, without appearing to be a over thrifty.

The question has being in my mind for many years ever since i learned the importance of money from working at the age of fifteen.

It is only just recently that I finally got to know the answer to my question.

Businesses always pays the lowest price whenever possible, yet it must be above competitive market rate in order to hire the most qualified talent.

I had the privilege of working in a big company yet with a small team and flexible team. Being able to work in the same office, knowing the other departments and get to know the chief executive officer (CEO) and hear the details, planning and the direction that the company is heading, it gives employees a clear cut answer to why they are getting more pay and not the employees.

This might come to many as common sense, but when it is only those who help the company to grow the business, increase revenue gets paid the most.

The rates in terms of wages are pegged against a few factors.

1. Academic qualification. In the absence of which, real results matters and only those individuals who can produce results commands the highest price tag.

2. Experience. It is this that not money can’t buy. In the process of interview, if the company does not have rooms for the headhunted talent to flex their muscles and skills, no matter how much can’t buy talents if they are not given the room to grow and deliver the expected results required of them, should their skills be challenged, nor questioned, than they will soon automatically take their leave.

3. Network. It is this that is most important, as businesses are built, created by people, and only the best connected person with vast positive networks on industry leaders that helps businesses bridge across the untapped boundaries of the unknown. That is how markets are being opened, by opening a new market with insider.

4. Profit sharing. This is what makes the difference between a employee versus a talent. Employees are paid a fix rate for a certain number of hours of physical non-revenue generative work, so even if they under perform, they still get paid, thus business will only .

Talents have additional income like profit sharing to put them on the same importance as one of the few very important people in the company. Only by allowing them a percentage of profit sharing, are they rewarded for performance in leading the business upwards and bring in more revenue.

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The main difference that differentiate the rich from the poor is the way they handle  secrets.

The rich succeed as they know clearly and surely how to keep their lips sealed, and hold onto the confidential information that they know should not be shared or passed around even to their closest next of kin when profits, integrity, reputation is at stake.

By keeping the information to themselves, execute the instructions, get some results first before they filter and share the secret with only individuals who deserve to get a slice of the pie in exchange for something of similar if not better future prospects.

The key point here to note is, information exchange, helping each other to grow richer based on core expertise guidance in respective markets to grow their wealth both ways, thus creating multiple streams of income by letting the experts handle it, and does it without any questions nor doubts.

The poor continuous fail due to the very different approach of how they handle private details that should not be disclosed at any point nor to anybody. They trade in the information in exchange for fake friendship who are just like leaches sucking the blood and taking a free ride without any intention to provide any benefit to the provider.

When information is concerned, the less people knowing it, the better, so there’s more to earn, and the less hands it passed, the more accurate it is, as it reduce the changes of it being misinterpreted. When there are discussions, secrets turn into news, and soon after it becomes a gossip and turns into speculations, and eventually becomes a bet in a form of gambling. Without any form of proper knowledge of handling money, they than blame their inability to control money and push the blame onto the person giving the ‘secret’ to them, and asking them to compensate for their losses, and keep quiet if they do make a profit from their friends.

The difference that makes the poor poorer, is also due to diluted profit sharing, the more the share, the less they get. The more they share, wrong information get passed around, and it may affect the market patterns when it stocks market is concern. They refuse to return anything nor share any other profitable revenues in return, nor do they have anything to offer in return, thus they can never ever grow their money.

Money multiplies in the form of growth, it takes the correct first step to repeat the second step and grow the amount over time with due diligence and not negligence that cause greed, laziness to do homework and depend of quick tips and bet their whole fortune and pay a heavy price of loss and the bitter taste of failure.

The best part of secrecy is that until you earn the rights, it is extremely difficult if not impossible to succeed without any guidance. Start off by learning how to keep information secret to yourself first.

The most important point to note to succeed and make it big in life (shortest possible way) is to pay your way into the secrets. This is the identical strategy adopted by even large companies where they acquire smaller companies just so to get their hands on the trade secrets.

The thumb of rule to success are as follows:

If you got no money, earn it, than spend wisely.

If you got money, buy information and get others to work for you.

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In business, it is not always about the money, rather it is the people’s interaction that determines the critical factor if the business succeed or fail ultimately.

Below are a few couple reasons.

1. Business requires cash-flow. Loans are required to keep the operations running until it becomes a profit. To secure a loan, you have to be in the good books of both banks as well as friends whom they trust to extend a zero interest loan.

2. In order to keep the business running smoothly, man power is needed. Without good relationship before employer and employee, equal and fair treatment, most importantly treat them like people and not dogs just obeying orders. Without the basic understanding of how and where to draw the line in treating employees like they expected to respected too in return.

3. In certain niche markets, the employer must hire employees who are smarter and have better prospects than themselves. In such a situation, the employer cannot afford to piss off the employee who is important in helping to grow the business, yet they cannot let the employee climb over their head. It requires some experience in knowing how to control a employee who is smarter than the boss, yet gives the freedom for the employee to do as they want to grow the business.

The catch in between the line here is to allocate a certain monthly budget, for the employee to to burn literally and notify that project starter when the funds will stop should the result fail to meet up reasonable expectations (based on experience).

4. The one man show syndrome. Like any business, especially in a new start up with extremely limited funds, the owner does everything him/herself, juggling between billing, cooking, sourcing for food ingredients in a new retail outlet, multitasking and trying to do everything, yet unable to get anything right, due to minimal concentration thus producing inferior taste (not even up to average standards) and precious future returning clients by giving them negative impression and remarks of the dish.

5. Attempting to sell to the mass for less hoping people will come back for more. This is commonly known no quality business, where the plan is to sell cheap, hopefully can earn based on bulk sales, but due to price point, the business is forced to sell low end cheap products to customers, and if the products becomes spoiled, than the business suffers in the long term.

Before the bulk sales can see profits due to recommendations, the entity is debt ridden due to massive overheads and it soon close the shutters permanently.

6. Excellent products that is constantly in hot demand, yet the business is not making any money, despite other business operators selling the same products and are reaping buckets of profits.

In such a situation, it could only be due to poor salesmanship, unsatisfactory customer services, arrogant hard-selling tactics, without first understanding what the products they are selling is all about, nor who are the customers they should be targeting to grow the business.

There are many other reasons contributing to failure in business, but the life support essential to succeed is to first learn to befriend your products, treat clients as friends, treat business partners like how you treat your family, protecting their interests at your own expense. Look after the people and they will help look after the business.

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Contract is what many would consider to be a love and hate affair. As it is most people would consider to be a chain that ties them to the company and be employed for the term stated on the paper else risk compensating the company and return whatever bonus he/she was offered at the start.

There are a couple of ways whereby we can use it to our advantage.

There are generally three types of contracts, positive, neutral and negative. I was fortunate enough to bump into at least two out of the three types that I just mentioned.

The worse contract ever is verbal contract with no black and white agreement, and you just have to bet on it based on blind faith, hoping it will not fail you before the terms are being met, and the worse thing that can happen is that the contract is void, and the only thing that you can take away is to learn how to selectively trust individuals and even pick up tell-tale signs to determine if the person is trustworthy or not.

The moment you realized that the verbal agreement has being defaulted, thoughts will start flying, majority negative, at it is at this critical time, that memories of the very terms mentioned by sweet talking, that replays like a movie rewinding in your mind, and you learn instantly and have it craved in your mind not to simply trust anybody.

The neutral agreement is one that does not harm you yet it does not help you in anyway possible, it only states that what are your basic rights, entitlement under the employment regulation and guidelines. If you want more benefits, you’ll have to earn it. That’s why most companies have either this one if not the negative to use against gullible rookies who are new to the working society.

Such of a kind is to prevent any extra liability from surfacing, protecting company’s interest as well as clearly stating how much maximal can the employee claim from the company so they know they cannot mess with them. That generally is the idea on how companies put a leash on every single employees if they have to sign on the papers, but only when the leashed individual try to step outside of the allowed area, than get choked and warned based on the legal terms stated under the eyes of the law, so they than learn how’s the boss.

The best type of agreements are those which Google may still are providing, and that is to headhunt for the next potential competitor, and acquire them even before they started, so instead of facing new threats and competitors, they are in fact creating more alliances to solidify their stronghold, build on their fortresses to deter any incoming, up and rising competitor from even getting near them.

I once read that Google’s employment contract for those whom they specially headhunted allows they to take time off to do their own business if they have any, and are able to use the company’s resources, with free food, funds, resources, paid to fail (funds for their to start business ventures) and create the next big thing. Such is a example of positive contract, but this type of contract goes out to only the smartest and the brightest will get it.

Nonetheless, contract is important, be sure to identify and determine if the contract is working with you or against you, should you have any questions, always ask and clarify first before signing on the dot, if you ask after you sign, you might have to pay compensation fees for failure to abide by the terms stated.

The best tip to landing yourself a neutral if not positive agreement that have your interests at heart is to follow and do what you like, there will be someone, some entity that will be willing to take you in, while allowing you to continue doing what you love most in a controlled environment to reduce and prevent any possibility of liability incurring.

If you want to have it in your advantage, be sure to follow my tip and do what you love, as you will in time find a employer who is willing to let you fail (try everything inclusive of banging the wall) so that they will win. Fail in a manner that helps them eliminate bad practices and concentrate on best industry practice, thus you and the business both gain.

It can be a win-win situation if you learn how to correct use it. To win or to lose, it is all up to you. Selecting the best contract is what puts you in safe hands.

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To determine and analyze if a new business can succeed or fail depends on the entry levels of the entity which it enters and exits respectively.

Majority of the businesses start small and expand accordingly based on their profitability. Only a couple of large scale business entities are able to start a new company on a large scale with a huge financial budgets.

Most aspiring entrepreneurs often fail even before they could even get a foot-hold and have the business steady and running.

There are a couple of entry levels that clearly demonstrates if the business will succeed or fail based on the entry in the short term perspective if the business owner doesn’t change strategy.

I hope this entry helps individuals in determine the level of start ups they are able to start, and come up with the necessary strategies required to take the business to the next higher level.

Size of financial ability determines probability of success, and most successful enterprises often acquire other businesses to get a head-start.

Level One

It is what many new business owners start and fail in, the term used is a start up. Before the business can even start operation (like a plane unable to start) the business face a couple of difficult problems in preventing the entity from even moving forward. Critical problem such as financial is the main concern restricting the even the growth.

This is often a one-man-show (OMS) business where the owner does anything and everything, left on their own to prove their worth.

Level Two

Start up business owner has minimal capital and him/herself to ensure the business is even able to continue operation into the first year period. Having to pay for products, services delivery fees, rental and their personal expenses. Funds are depleted much faster than predicted and the business close its shutters permanently having to repay their loans with installments, keeping them away from re-entering the business arena.

Also considered a one-man-show operation, but at times, they may only be able to hire another part time assistant to help out with the business. Future is not guaranteed.

Level Three

Business has no issues with funding, able to meet estimated business expenses for at least three to five years of operations. The only issue is the inability to hire talents, and grow the business, reasons could be due to poor employment guidelines, no proper appraisal, employees feel unhappy and dejected in the employee in particular with the superiors inclusive of a destructive boss limiting the employees to release their potential and talents to their fullest.

This is what many employees may use as a learning platform to gain the experience they need to run a new company before going to a better company to help grow the business.

As for the business owner, he/she will take the experience as a tuition fee and gain experience to recoup more funds for another shot in the business.

Level Four

Entity has got no issues with both manpower and financial funding from investors, but the both the head and in-charge pays well, lets temporary succeed clouds their vision and take matters into their own hands refusing to listen to advices from the very talents they recruited and soon find business sliding down gradually until it is at risk of elimination from competitors who are hot on their heels.

An example of such a business will be the Blackberry who are facing intense and much stronger competitors such as andriod – HTC and iphone – Apple. Talents all flock to bigger enterprises,  leaving the business in lurch, as Blackberry mobile apps have stopped development and is only on a demand supported basis, unlike bigger competitors who still have developers willing to create apps to create and spur new demand for the mobile phones with larger market shares.

Level Five

Enterprise has generally no problems dealing with both financial and manpower issues, but what’s left are those surround business expansion both locally and globally, low connections of important networks and help from experts in different fields to aid the growth of the enterprise to a higher level.

An example is how many overseas companies wanting to have a slice in the China market, Linkedin, Google having much difficulty penetrating market due to lack of local connections and poor support from the locals.

Level Six

The enterprise has got no problems nor difficulty in all aspects, pulling resources, funds, networks, and creditability based on excellent remuneration where talents are given room for flex their muscles and funds to even fail in order to come up with the next big thing both from internal and external sources by buying over potential businesses limited by funding issues.

Bill Gates is the only business for Microsoft to date that has no problems doing business in both Eastern and Western nations.

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There are over six billions of people all over the world in different countries who wants to be successful and get rich, never to worry about their three meals a day for themselves and their family at least, but majority of the population all failed in achieving what they wanted.

The picture speaks for itself, as poor individuals dream and think about getting rich and successful, their first obstacle is always about money, and money woes such as loans, repayments, mortgage, forced liquidation issues surface shortly after and the business venture, or project faces lack of funds and folds itself.

There are some basic money management principles that at least eighty-percent of the individuals do not even understand, thus they always take a fall and get in a much worse condition than they had started.

Below are some simple principles that majority purposely turn their backs to, refusing to accept facts thus they never get rich permanently.

1. Money is nothing, it is just a tool. (Do not ever fall in love with money)

2. Money cannot buy relationships, creditability, trustworthiness, reputation, bonding, respect and happiness. These are intangible assets that money can never buy. (If you ever ignore this, you will never succeed)

3. Money cannot guarantee anyone success, but it sure can guarantee failures if not managed properly, just turn to annual business bankruptcy statistics if you ever need one.

4. Money management skills must be learned and put to the right use, thus allowing the person to grow and multiply wealth buckets of money positively. You do not need even a diploma, just a simple basic accounting or financial knowledge from O levels, if not minimally always ensure there are more profits than the amount of losses (expenses incurred). Such is the success formula at its simplest understanding.

5. Money is nothing more than an indicator of an individual if they are doing the correct things when it comes to money management. Business entities, top Forbes billionaires like Warren Buffett, Bill Gates gives money away to charity but find that they can never ever give out the money they have. That is a reflection of individuals doing the right things, and we should follow such examples so we can one day be like them.

6. Money is nothing more than a catalyst to speed up certain relationships and foster good relationship, with time, building trust, creditability, reputation based on the networks, connections of influential individuals and business partners to get things done right, smoothly and faster than the others. The first person or entity who correctly completes the task gets the reward.

7. Money is just a result, and consequence of doing all the right things, like having the right formula by mixing the right ingredients in a laboratory to come up with a specific predicted result.

8. To make money, it is always about the process, and not the results.

The rich and successful individuals, businesses always focus and are willing to recruit talents who have failed multiple times, people with such experience have the answers to the right formula, the results of a certain position in any particular niche reflects the truth, and that is why talents are always in demand, something that is always in with limited supply thus high demand as they have already found a proven formula that works and it is what companies and wealthy individuals are after theoretically speaking, and they are successful only because they question every single detail no matter how small and harmless if may appear on the surface. It is only after they have acquired the best talents than only can they talk and ask for results that they hire for high pay.

The poor on the other hand focus only on the results and not on the process, thus it puts them at a huge disadvantage. Because such individuals and entities never know what are the tested, proven formula, they just grab anything and everything that helps them even if it is against the law, that is why scams are everywhere, and many individuals never question how the money is made, so they care only about the immediate gains and not at the long term perspective, which is what the successful individuals are after. That’s why the Madoff investment scandal affected many large successful enterprises too as well.

Stick to the eight principles of basic money management and you will find the path towards making money and multiplying your buckets of wealth with ease.

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