Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

January-9-11

Execution

posted by ryan

Execution is the number one step which all entrepreneurs must do in order to have any results regardless of positive or negative.

Only with the results can they measure, plan and carry out the next course of action or if there is any minor/major corrections to rectify in fixing a soltuion.

Over the past few months of absence, somehow I realized and learn this very basic step to be a simple yet profound meaning in a simple word.

Months of absence from blogging gives room for thoughts to fly in my brain, and with the help of decreasing financial capabilities forcing me to finally put down the first step in uploading and fine tuning my website for commercial purpose.

Unlike this blog, http://www.mlmclassroom.org will be primarily serving the commercial aspect.

Creating, writing, editing the contents of the website is not a simple step. It takes numerous uploading, editing, overwriting to ensure every single html code in the website is correct.

Entrepreneurship is a difficult route, but a route worthy of its risk and gains. Riches are made in adversity and I choose this particular niche due to a simple reason, no academic qualification required and success are best enjoyed and shared with the messes.

Making money is one thing, enjoying the fruits of the labor is another thing. The common lonely celebration which affluent individuals face, no real friends or buddies to celebrate success with thus direct selling makes it a good platform for ordinary folks like you and me to have a platform to change for the better without interviewing.

As long as oneself is committed to success, it will come to you if you start off direct selling with the right intention, ethics and responsibility.

Direct selling which is also know as Multi-Level Marketing, Network Marketing, Referral Marketing is both an employment as well as a business opportunity for the poor to get rich and wealthy if they make the right choice to change for the better and succeed.

We cannot control where we are born in, but we can control where our children are born in, the environment, financial status etc. It all boils down to making the right decision.

Popularity: 2% [?]

April-15-10

Restrain

posted by ryan

Restrain is to hold back, suppress, keep back, limit or to keep something in control. It is this restrain in the form of protection which parents provide to children which greatly suppress and limits the creativity entrepreneurship of children while they are still in the growing.

Children are creativity and can be either a dreamer or visionary depending on the kind of protection restrain which parents provide to their kids.

Poor parents trying their best to meet ends needs will suppress their kids’ dreams, advice and persuade their children to be practical and avoid falling in their mistakes so as to converse and save money for a rainy day thus kids bought up in such a protected environment will naturally be poor.

Poor children were never encouraged to do something on their own, and instead encouraged to follow orders, advices and value experiences from their elders and seniors, living in people’s shadow through out their lives. It is like putting a collar on the neck of their children, while they might think it is for their own good, but in fact it is doing their children and themselves a de-service instead and adding on to their problems and worries as their children grows up.

The poor are getting poorer because children are asking their parents for money, dependent on their parents like a unlimited cash machine thus they are poor.

Rich parents on the other hand will encourage and push their children into the open, let their children make as much mistakes as possible during their childhood and growing years so as to let them learn how to be independent and depend on their own.

Only when mistakes are made by individuals, than will it be appreciated when a senior or elder shares the similar experiences which value adds onto the mistakes, enabling children to grow up smarter, wiser and being street-smart instead of just purely academically smart.

Compare and identify the differences in how the rich and the poor protect their children.

The rich only share their experiences and advices when they meet problems which enrich their learning curves, while the poor teach everything and restrict their self learning, and that is a fatal mistake made by parents globally.

It is easier to control a loose child than to control a loose adult who has the same intelligence and physical strength with parents who are on the losing end. Instead of letting their learn only in adulthood where the mistakes could cost thousands to millions in terms of failed or wrong investment decisions, why not let their growing children learn from mistakes, at least the learning cost is cheap and within parents ability such as form few dollars to just hundreds of dollars for toys, food etc.

If you want the best for your children as they are growing up, than let them learn to stand on their on without assistance, like how babies learn to stand and walk on two legs in just months.

Popularity: 2% [?]

February-23-10

Steel

posted by ryan

Steel is made up of Iron and Copper, with different treatments; it translates to different toughness of steel depending on the purpose it is manufactured for.

It has many properties and benefits and most importantly it is recyclable, flexible enough to be made into anything, from cars, to bridges, buildings vessels air planes, all requires steel. Without the invention and mass application of steel into daily lives, it will not be possible to even talk about profits and wealth.

Having watched documentary which talked about steel thus the topic for today, are you tough enough like the steel? Do you have what it takes to have balls of steel?

In business, entrepreneurship, it’s all about profits, money, wealth and flexibility. In manufacturing business, it is all about the steel first which allows countries to prosper, war to be made safer with the use of high grade steel in armored vehicles. It is used in the core frame of our daily lives.

Earth is running out of steel, and has estimated of only twenty-seven billion tons of steel left thus recycling of steel started eighty years ago due to shortage of steel. With the shortage of steel, manufactures are taking substitutes and mining the components out to made steel from hematite as a substitution.

Like wise in business, if we want to profit, we must learn to be like the steel, with so many properties and benefits of the steel, suitable for all types of use, under the process of heat treatment, water cooling, heating again, tampering followed by welding to form into different grades of steel.

If we want to profit and be wealthy, we need to learn to bend it like steel, the properties of steel under the processing treatment, use strategies and reuse skills which can be applied to any business, platform to increase profits. To have the balls of steel, we first need to have guts to choose our own path, stick it out till we make it there.

Ask yourself what is your passion, what choices do you have, what skills do you currently possess, and what additional skills do you seek to learn and apply?

For entrepreneurship to take place, flexibility is crucial, embracing change and keeping up with times is important, but sticking to the basics and your true talents is the best choice and decision you will ever make.

The lifestyle you will lead depends only and solely on the type of employment you are in, the passion which you have in your heart. If you are unhappy with your employment, have no passion for anything, than it’s time for a change, if you want to, else remain happy and be contented to have a stable employment with fixed income.

Just do what you like, but ask yourself if that’s really and truly the life you desire.  It is better to die trying than to die regretting.

Popularity: 1% [?]

February-23-10

Consideration

posted by ryan

Consideration is the evaluation of facts and benefits keeping in mind of something.

It is the process of weighing the difference effects and consequences to something before, during and after the decision has being made. Thinking about the results, if it will produce positive or negative impact, who are the affected parties, who will benefit, who is the main targeted market who directly benefit from the decision.

The poor, takes lots of time to come up with a decision, without first knowing what they want, how they will judge and access anything when the time calls for a decision to be made. First thing that comes to the mind of the poor is “let me go home and think” which not only isn’t productive, efficient and it will further delay the growth in all aspects. When poor people goes back to think, the people they talk to are people who knows nothing, and when a ignorant person ask another ignorant person, the answer after the decision is nothing thus hindering their own success and growth.

The wealthy and successful people have their own way of consideration and will set a date line for all decisions to be made with the exception of when the project/proposal will implicate the whole business, employees, than no time limit will be set. The general consideration factors typically hang around these few.

Projected return on investments, target market, strategy to penetrate into the market, what are the risk and rewards to themselves, the employees and the company/business. Will it be possible to expand business into a new area to increase profits and slowly build an empire, who is the partners they will be working with, do they have the clean past track record, their respective style of doing business, how they treat their partners after a successful project, if they turn their backs around them and run off.

Wealthy and successful individuals have their own respective consideration factors to think first before making any decision. The higher appointment you hold in the business, the deeper your consideration needs to go under to areas which will be overlooked.

When it comes to making a decision, they are fast, efficient in this aspect while the poor takes their time, drag this drag that, thinking the opportunity will wait for them living a their own made believe world.

People who go from rags to riches will understand this time, timing which is why all self-made millionaires and billionaires keep increasing their wealth as compared to businesses whereby it is handed down from generation to the next.

People who are already successful born in a silver spoon might not necessarily understand the essence of it because they have the power (money) to do things from the start.

If you don’t know what to consider, ask the person who introduce it to you, they can help and assist you in making an informed decisions with them knowing the differences among their competitors.

The more time you think without discussing and asking questions and keeping those questions to yourself, the higher your chances are of failure. Wealthy and successful people are not afraid to ask, it is only when they start asking, they learn something new and thus more windows of wealth accumulation will be opened up to them.

If you don’t know, start asking. Be humble, but never be modest. Give credits where it is due.

“The more you learn, the more you realize how much you don’t know” – Donald J.Trump

Popularity: 1% [?]

February-18-10

Reluctance

posted by ryan

Reluctance is an unwillingness feeling and showing resistance to something that has being proposed, disinclination.

It is a behavior that is negative and should never be embraced and accepted. It is good to learning how to say No, but learn to say No only when the situation calls for it instead of saying No everything even if people want to lend a helping hand, but it takes both the giver and receiver to stretch out both their hands before the hands can hold together before any help can be done in the first place.

Resistance is both positive and negative different actions and decisions are made.

People who showed the most resistance to change belongs to the poor. They only want to receive but they don’t even make an effort to stretch out their hand doing half of the effort. Only expecting help from people who will go the extra mile stretching fully to feed the poor without themselves doing anything.

It is only when you give, than you receive. If you receive and don’t give, you will not grow or get any happier as what you receive is only temporary, and if you do nothing, the reality will set back in again. Look at the people living in one-room flat people, some poor souls living there only receive help and lots of assistance from people once a year when the election or votes for town council is round the corner, and the volunteers never fail to help clean up the homes of people living in one-room flat.

Every year, help is given, they do nothing to change their situation, which is why the next year, and their home will become messy again if it goes without maintenance because they are not changing their habits or thinking thus junk pile up easily.

People who show the least resistance will also suffer because they give too much, but didn’t receive anything in return. Allowing people to take benefits from them without returning anything, credit at work gets stolen, workload of other colleagues become the person who gives and don’t expect returns. It doesn’t pay to be too kind, but it pays to be generous and make sure you know at least how to do a balance sheet, getting a fair deal.

Reluctance is resistance but only when you show and do it right, than will you succeed. All entrepreneurs are successful because they understand and embrace reluctance to give up and increasing their resistance to non-constructive comments and feedbacks that are not helpful, only accepting constructive feedbacks that will help them to succeed and that’s why entrepreneurs are respected more than a boss who just pay the money and become a boss without earning the rights to be respected but they buy the right to be respected which is only temporary.

Help is given to only deserving people.

“We make a living by what we get, but we make a life by what we give.” – Donald J.Trump

Popularity: unranked [?]

February-14-10

Repercussion

posted by ryan

Repercussion is an effect or result of an action. It is the rebound or recoil of something after impact.

Whatever we do, there are repercussions be it positive or negative. Doing anything without first thinking will invite negative results.

Poor people often do not think of their actions they want to do first than blunt it out without thinking. Than when the results are unsatisfactory, they will than go back to the same person and make a din, noise creating a messy and nasty situation over a small problem. Guys and gals often do this, like hens flipping their wings than going around the other hens.

With huge authority comes huge responsibility which requires board shoulders to take accountability of their actions and decisions. Repercussions should be considered before anything is done.

In religion, it is about sin and blessing, for others its cause and effect while others is about karma.

No matter what you do, there is always the result which will be out and made know to people even if you do not like it.

Learn to face the music regardless of it being noise or music.

Popularity: 1% [?]

February-11-10

Help

posted by ryan

Help is the act of either giving or provide what is necessary to accomplish a task or a need, to render assistance to people who need it.

It also make life less difficult and reliving them off their illness, pain and sufferings.

Help is everywhere and anywhere. Are you the person who likes to help and advise people or are you one who only likes to receive help and assistance from others and never give back any?

Help is a two way thing. The more people you help, the more people will help you succeed. The more reluctance you show in refusing to help others, the same others will show to you.

Look at businessmen. They are setting up businesses, helping many people in different areas. By employing employees, they are helping the majority of the people to get paid if they are willing to work hard for the company, and in return they get money to bring bread and butter back home to the family.

By doing business, providing service and solutions to help solve business partners’ problems, they are helping others again, and in return they get money (profits) back in return.

By lending a hand in charity with money, they help people in extreme poverty get fed with food and basic supplies, they didn’t expect anything in return, but than others see it, than again they are helping themselves.

The return favor of helping comes back to the business in the form of recognition, branding and position which is goodwill, building a reputable brand for the country, individual or business, the more low-profile you are, the more happiness you will get and more rewards will come back to you.

Not everything comes back from helping in the form of money, but the values and reward to helpful people and businesses will end up with much more than what they offered.

When individuals and business do charity, they can reduce their tax for that year too from the government and more support from the leaders governing the countries with more benefits in future. There’s nothing to lose in helping but a lot more to gain.

Exercise caution when you offer and extend a helping hand. Never ever help any individual that refuse to accept your help and stretching out their hand. If they reject you, so be it, there are others who will gladly accept and appreciate your help.

Practice selectively helping, else you will be abused too. Example: You don’t go around helping people in the brink of bankruptcy when they didn’t learn their mistakes or lessons. The more you offer help, the more you’re digging your own grave to perish together with the people facing bankruptcy at the expense of your financial help.

You will not help people who don’ t share the same vision, goals as you (only applicable to businesses only). If you’re into philanthropy, than just do it as long as it is within your means and financial ability allows. Spending and spreading wealth wisely to those deserving of a chance to succeed and grow.

Do not help people who will turn their backs on you, a real life betrayal of unconditional help will be USA. They who believe in their religion believe in helping anyone and everyone, and the help they offered get abused in this case example.

USA trained Osama Bin Laden, who in turn became a real ring leader in terrorist who betrayed USA’s kind intentions, war breaking out among Iran, Iraq, and neighbouring countries suffer in some ways.

So select carefully and help, don’t help people who act like they need help but with hidden agenda that go against your vision, principles and directions which again leads me to entrepreneurship.

Choosing the right business partners, help people who accept your help and not people who only want to make use of your help, be selective and test their intentions if needed.  Choose the right business partner and your life plus wealth will be made much easier, choose and make the wrong choice or decision, and you have hell of a time like USA still trying to capture Osama Bin Laden who may still be hiding inside the mountains underground and in the caves etc.

Popularity: 1% [?]

February-11-10

Money

posted by ryan

Money is the common language regardless of boundaries as long as we all live in modern civilizations than we have a simple way to go shopping even if we don’t know how to speak their native language.

Armed with just a calculator, all you need is to press the buttons, show to the vendor and point to the item you want, than the vendor will take the calculator, clear the screen and key in the price he/she can accede to, sometimes leaving tactics are used to make the vendor sell it off at a cheaper price if the business show signs of not doing so well.

Everything we do, we earn money, buy food, study, survival, happiness, all requires money. There was once when money isn’t a need or a want, because back than, being self sufficient was still able to meet ends needs so it was more on relationship and helping one another. That particular era, had left and evolved thanks to the hindsight of the leaders of nations, but it may look like they are helping the country to progress, but it has a selfish agenda behind it also. Taking away the rights to be self-sufficient, by having their own land, set up their own stalls, don’t need to pay tax, earning their own keep, that was before and after WWII era, when I wasn’t born.

That time was the period whereby entrepreneurship flourishes and lots of successes all around. That time, money although was important, but it isn’t as important as the bonding people have in the older generation. In today’s world, to get wealthy and successful, we need to take back what we own from our nation leaders if not buy over the rights permanently, our country Singapore isn’t fully theirs yet, as there are still plots of lands belonging to a few individuals who didn’t think nor is intelligent enough to have foresight and hindsight to profit from their assets which are billions if not trillions dollars worth.

Less than a handful of individuals still own their own assets, land, plots of land which was passed down from generations, some siblings may have agreed to government ‘kind intentions’ that’s filled with hidden agenda, but it’s a willing party, so who to blame except for their ignorance and greed for instant gratification, not taking into consideration of what happens to their next few generations which are the difference between poor and wealthy mindset of people that makes them who they are.

When you show that you can depend on yourself, your assets to survive, you will be the natural king leader attracting followers, as the others must depend if not learn from you how to be self-sufficient, but no matter how they learn, they can learn everything, but they can’t take away the ownership of the land that’s exclusively to the land owner, not the government unless they surrender the rights to it.

Once you surrender your rights to the ownership, they may make it look like it’s a win-win situation, but look, you benefit only one miserable time, whereas government benefit forever having 25years leasehold, 99years leasehold, freehold properties, selling lands to big MNCs for hundred year period, than take it back. Look, if you know how to profit, wealth will find you once your brain is tune and adjusted correctly and money will follow if not haunt you, that is why the wealthy successful businessmen always fail in one thing, to spend away all their wealth which just keeps growing on its own after the ball has started rolling. That’s the one and only failure I notice that the wealthy and successful businessmen all have in common, but hey at least it’s a positive failure.

So if you still want to be wealthy go buy over lands from other countries while you still can, make sure you know how to manage your land for maximal profitability and in accordance with the owner decision and plans with the plot of land so as to have win-win situation.

When I have the money, I will also move to the place I want to live, a place where government cannot do anything there, since government don’t own the land there yet, I hope I can generate enough money to support myself and be a resident there in Singapore, earning my own keep while my wealth generation system is still running and spreading the essential tools for wealth and success provided the person is still alive and have yet to surrender the rights on death.

Money is not everything, but without money, you can’t buy anything.

Popularity: 1% [?]

February-8-10

Choice

posted by ryan

Choice is an option of careful selection between different options offered, excellent, good average or bad products, merchandise and services. Different buyer decision leads to different customer experience and satisfaction, thus creating different classes of customers and businesses targeting a specific group of customers.

Choice is an opportunity for each of us to decide what we want, how we want it, and the expected results is already clear when we make a decision, knowing that the decision we make will have direct effects affecting our desired results.

It is a very fine and thin line between making a wise choice and a negligent choice. Whatever you do, do the right thing, make the right choice, but most importantly ask the right people.

Getting wealthy is not a want, it’s a need, a necessity for Singapore given that Singapore’s high-end property is snapping up fast by foreign investors, as fellow Singaporeans, are we so useless to submit and raise the white flag and allow their to take over and run our property, assets, earning money from us? Is this a repeat of history when the British took over Singapore only to run away giving Singapore to suffer at the mercy of Japanese during WWII?

Are we throwing away our choice to the foreigners? Getting wealthy is no longer a want, it’s a need that we need to protect Singapore, and be able to lift our heads up high, able to show the world what a little red dot can do in the globe, whoever that looks down on the little red dot will regret for making that choice and for even saying it and think about it. The Singapore founding leaders have done an excellent job in this aspect, but what are the majorities of the people doing to this? Nothing, so getting wealthy is no longer a want, but a need and a must do it. The world is your oyster, will you allow others to take the credit from you, taking away your fruits of labour only paying you a miserable small sum of money?

We the Chinese holding the huge population percentage should work together instead of cutting each other fighting among one another and giving the opportunity to the on-lookers who took advantage of it. Look at China; they made a very wrong choice, to be a fake dominant country producing products, food, merchandise that’s not real, giving foreigners a chance to grab a slice of the pie. All can be avoided, but it’s the thinking of the leaders running the country that needs a good washing to plan long term and not short term.

Singapore has done a great job in this aspect, and now not many countries dare to even mention the “little” again. It’s a fact that we’re small like a dot, but together we make a difference, and are the envy of a lot of other neighbouring countries wanting our help to grow their economy.

We should and must learn how to uphold, fortify our fortress, promote the Singapore brand, increase our advantage in the region, and work together to be a wealthy and successful.

Just like Jay Chou who wants to help his fellow singers in the music industry in his country, and China also being proud of themselves without the need to neither depend on foreigners nor even bother about what the world wants. So work towards being self-sufficient and depend on ourselves for our living instead of dependent on others.

Are you going to be a loser or do you want to grow together with Singapore and shine, even if we are the little red dot, but we are in fact multiplying our little red dots in other countries with their nations’ approval, so do you want to have your imprints all over the world helping Singapore multiply the red dots in other countries or are you happy to have others taking away our hard earn labour?

As we pursue our dreams, ambitions, we can throw away our pride, ego, face, reputation, and even work like a slave, but we can never ever throw away our dignity which is the core of ourselves, something which we need to be proud of despite how little and small our efforts may be but it makes a huge difference.

Even a beggar have dignity to stay at a place, work hard at begging for food, rather than a stray dog making pitiful sounds and a sad eyes tears rolling begging for food.

Dignity is what makes us who we are regardless of how small we will make around us, but if applied and used correctly, dignity will be the source fuel like the Sun in the galaxy burning its own fumes warming other planets that stay around the sun. Like Bruce Lee, he started low, throwing away his pride, learning multiple disciplines of martial arts, keeping his dignity and respect for our yellow skin and done us Chinese proud.

Do you want to be the person offering and extending a helping hand to others or do you want to be the receiver asking for help? It’s your choice and only YOU can decide what you need!

Popularity: 1% [?]

February-2-10

New Year Resolution

posted by ryan

Chinese New Year is round the corner, and every Chinese are busy packing, throwing away unwanted furniture and other items, buying new household items and furniture to refurbish their home giving it a new look.

This is a habit and a culture to do so which everybody feels great of to have new items around their home giving the home a new life etc, but as we change our environment, have we ever tried changing and accepting new ideas, knowledge and different thinking to embrace change and upgrade ourselves or are we stuck in the same old place.

If we are stuck, how to get out, no matter what we do in a stuck position, no matter what we do to ourselves outside will never be able to change what’s happening inside our brain which translate to how much we earn, how we educate ourselves, our kids (for people who have kids) and even talking to our parents etc.

Grandfather, grandmother are picking up skills in community centers learning internet and technology years back already, they are willing to accept and add new knowledge and thinking into their brain, are you doing so? If you are against the idea, being left out, and stay happy being out-dated, that’s the end of everything, because people discuss and talk about how to enjoy themselves, catch what movies, how to make more money, what to wear, where to find unique fashion clothes, good discounts etc.

If you’re not progressing, than all the best, even a New Year can’t save you but if you are committed to making gradual changes to your personal life, thinking, you will find new happiness. Those who slog hard for the company are always putting on a black face helping companies to profit, but they aren’t helping themselves to profit and gain extra sources of wealth, and how receptive or unwilling they are to make changes, than that’s the life that they have to accept.

If you have yet to decide what your New Year resolution is, think of a proper one. If you aspire to be wealthy like a millionaire than find your ways to work with them, if you don’t know the contacts, works with me, I’ll connect you to them since they are my mentors.

Quoting from what I learn from my seniors last time:

“In a group of ten people including you, if you are hanging around with nine millionaires, even if you’re a beggar, it also will not affect your odds of success because you are making friends with millionaires and surrounded by them, you will one day be a millionaire like the nine other millionaires.

However if you are hanging in with nine other beggars, even if you have a millionaire mindset, strategies and concrete step by step methods to help you get there, but hanging around with nine beggars will only squander your wealth away in no time buying, paying and spending in indulging yourself and your friends. “

In short: If you want to be a millionaire, hang around and make friends with millionaires, not beggars who will not spur you on to be successful, instead they will drag you down to suffer with them.

I have made my New Year Resolution, and did just that to work with my mentor, have your made the right decision yet?

Lets see if next year will be a better year for you and I in a much wealthier situation than this year. Huat Ar!!

Popularity: 1% [?]