Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

March-26-10

Crazy

posted by ryan

Crazy is a word which many would immediately come to think and associate with being mentally deranged or to be insane. But if you look up the dictionary, there are many different meanings to just being insane.

It has many other meanings; it can be unusual, informal, bizarre, extreme, recklessness, unexpected, random quality, singular, wonderful or excellent. Different people or businesses will occasionally and intentionally use crazy as a word to attract attention to the business.

Example: “ABC Company is having a CRAZY SALES giving up to as high as 80% discounts on all its retail outlets, HURRY UP and buy them before they are gone, WHILE STOCKS LAST!!”

Here’s another example: “He must be a crazy coach, asking us to do dangerous actions putting our own lives at risk.” The latter example often takes place in motivational seminars for your info.

Individuals, businesses and even countries are doing crazy things. Look at Japan; they are having a game show which requires game participants to be crazy enough in order to play the game and even Americans come up with a show “I survived a Japanese game show” just to win a competition.

People do crazy bizarre things everyday. The more successful you are, the more crazy things you will do that looks, feels, think strange.
Entrepreneurs themselves do crazy stuffs, at least it looks and feels strange that they are doing things out of what is considered to be normal among the majority, but it is exactly by doing what seems, looks and feels crazy, bizarre, never done before actions, tactics that make them unique and successful.

I am crazy myself, staying up so late after watching television just to blog when I can write it later when I wake up from my sleep when now by right I should be sleeping already at nine minutes to two hundred hours which is two am. I do things which others discourage me to do, but I know what I am doing, so that is good enough.

You don’t other people’s approval to do what you like, you just need to prove to them you are right at the end of the process and have the last laugh.

Do what you like and monetize whatever you are doing fueled by passion, excellent products and a good marketing strategy for profits.

Popularity: 1% [?]

March-10-10

Indignation

posted by ryan

Indignation is a strong displeasure at something considered unjust; it is a righteous anger.

This feeling is felt by yourself and the people when project or work credits have being stolen by people who knows you. It can be your family member, colleague or competitor trying to claim credit for what you have done.

When credits care being stolen away or you realized you have being backstabbed, you often feel unjust and wants to get back at that person resulting in hatred and wants revenge.

There are two ways whereby people get revenge and that will go about doing it which is either positive or negative revenge.

Negative revenge is what we often see, hear and talk about. It is the way practiced by the poor, using whatever means and ways possible for revenge at the expense of ruin oneself just to see that justice has being served duly. Common revenge methods will be sabotage, gossiping discredit a person and discriminating against that particular person. This way, not only is the offender by the victim both suffers at the end.

Positive revenge is what is done by the wealthy and successful entrepreneurs and businessmen. They will form alliance, share helpful information, discredit only those unsatisfactory business partners or have had negative experiences before and amplify the results of isolating that particular person who has being blacklisted by an entrepreneur. This is whereby the consequences will only be one way and it is to completely eliminate the blacklisted person while increasing their business and relationship ties making it stronger.

The person who offended that entrepreneur will have no idea why and how his/her reputation is decreasing with time and less business and projects being tasked to that person.

Look at how businesses, companies take out one another and how companies who survive the war emerge stronger than before.

If you’re not into business, than probe more into boy-girl relationship, and get yourself updates on what happens after a failed relationship if not look at martial arts which is more neutral.

Girls will think of ways to get back at the boys making herself and him look equally both bad, while boys on the other hand will ignore the girls previously, working together with their common friends, discussing on which new girls to be their next targets and even share their ex-girlfriends contacts with one another.  This applies to even ladies and gentlemen, especially those people with sour grapes personalities.

People who practice martial arts will be the prime example of positive revenge via ethical means. When a challenger loses to a winner, he or she will than go back and reflect, work on their weakness and improve for the next challenge. It is either a win lose or on par for the next challenge and they move on with whatever they want. This is more of the balanced approach.

Learn to handle your emotions well and stay on the right track; do not ever let your emotions run wild hurting not only yourself but others in the process.

Popularity: 1% [?]

March-9-10

Conception

posted by ryan

Conception is the act of conceiving, the state of being conceived, to form an idea of something, it is the fusion of gametes to produce new organism of the same species.

The word conception comes from the word concept which is an idea which was either passed to us via learning or what we picked up as we grow and learn from experience.

The most common concept, idea about wealth and success is that “Money is the root of all evil”. I am sure most people would have heard of this concept at least once in their lives.

Like I said in previous blog entry, money is a double edge sword, and it is and can be anything except evil.

The root of evil comes not from money but comes directly from the beholder of money also known as the person who desires for great wealth, fast cash, quick cash, instant cash that contributes to this concept of money is the root of all evil, but those who think that money is evil didn’t even at once look around themselves and understand the many different uses of money in the society and all over the world.

Money being used to commit crimes is just a small minority uses compared to the businessmen, entrepreneurs use of money for other purposes.

Money is conceived by many different channels, and we definitely can grow our money with the right choice of vehicles chosen, and the most discussed and widely used way is not the best way which is to throw and trust your hard earn money to the banks, insurances and let them do what they want with your money in return for peanuts.

You should instead grow your money; invest in instruments which can help you grow your money. By investing in a person, property, or business, the person, asset or business will be the vehicle that will help you grow your money, in a way giving birth to more money like a money tree with ripe

That is the real definition of growing your money, instead of buy and spending your income, which typically goes like this “pay bills, spend & enjoy, save the remaining” on a monthly basis.

Instead it should be “pay off bills, invest a portion, save a portion for raining days than spend the remaining to entertainment”.

I am sure this is so simple for anybody to apply that no body will need to even pay or engage a financial or wealth manger to help you with money management.

It is actually a extremely simple common knowledge that poor thinking people often complicate things and ask questions that only complicate and worsen any simple problem thus thinking it is extremely difficult.

If that’s the issue you are having now, go read up on Singapore history, do our forefathers after WWII have problems with starting their own street business in Chinatown and in other areas?

Learn from history and ask your elders, stick to the basics and it will save you lots of money.

You do not need to be intelligent to grow your money; you just need basic common sense.

Keep it simple, and love what you are doing, this way you will succeed.

Popularity: 1% [?]

March-2-10

Festival

posted by ryan

Festival is an event staged by local community centers on the unique aspect of the community.

There are many types of festivals across the globe, from religious to arts, food, entertainment and seasonal festivals. The most talked about regardless of nationality will be the various religious festivals of respective countries.

Time and time again, religious festivals have being board cast on television shows numerous times and showing different types of religious cultures and festivals. Christianity and Buddhism are the most commonly featured on the media due to the yearly festival across the world.

Media telecast of religious festivals is to neither a good nor bad thing, it’s just another piece of news and allow people to get updates for people to follow up with.

Buddhism has quite a number of religious festivals that has being shown on television and in other media channels. With its deep roots and influence from all around South-East Asia, all the way from China, Japan, Korea, Taiwan, Iran, Afghanistan, India, Thailand, Laos, Vietnam, Cambodia, Sri Lanka, Myanmar and in Singapore. With different religious practice and worshiping of different gods, generally we are all from the same roots, Buddhism just that our way of celebrating festivals might deter from among ourselves.

The scale and magnitude of how a country practice their own religious goes to show how united they are actually. I’m not trying to promote any religion here, but just that I was watching a Chinese show this afternoon and it help me understand the importance of culture, generations, unity,

Celebrating festivals is good way to build bonding, unity and getting to know one another of the same belief. Example like what I watched in the show, the dragon boat festival also known as the 端午節(Duan Wu Jie) is a good way to let people among the community interact with one another.

Dragon boat festival is especially successful in this aspect. Due to the involvement of lots of people, competition among respective dragon boat teams (different communities pit against each other) thus getting to know and understand respective cultures thus encouraging mutual understanding.

With a common celebration, it is not limited to a small group but it is done a big scale. Making of the dumplings in the kitchen increase the family bonding when the cook, and the assistance on a small scale.

Within a community, the village will work towards preparation for the dragon boat festival, all the festive practice; beliefs will be passed down to the next generations with participation and involvements thus strengthening the bonding among them.

Beyond community level, they cheer each of their own community to spur each other community to fight for the dragon boat championship thus increasing the tolerance for other communities with a common goal united as one.

Organizing a festival is hard-work but the rewards far exceed the cost of the festival strengthening themselves with their own country’s identity, culture and unity.

That is something which we all can learn from, to understand each other’s religion and practice instead of condemning and trying to stir up conflicts which results in only more signs of trouble etc.

Tolerance and mutual understanding is the way which we all should work towards together as a whole. Like wise in business, instead of trying to cut each other’s throat with reducing profits, getting into a price war competition, why not work together, spilt profits, and have win-win situation?

At times, when I read and watch news and getting to know businesses trying to fight for a bigger slice, it just amuse me to know how much they lack in terms of mutual respect and cooperation.

Most businesses outside are just dumb in my personal perspective, why can’t they learn a simple thing like cooperation like the politicians, government, helping one another? Although it’s true that businesses are making much more money than politicians, but they are killing each other instead of helping one another.

Businessmen should instead learn from entrepreneurs who are successful than businessmen themselves.

Festival is the way to go, respect, tolerance, and understanding is needed to build a relationship and a mutual beneficial business for profits and not losses seeing red figures.

Popularity: 3% [?]

February-24-10

Adaptation

posted by ryan

Adaptation is the evolutionary process whereby a population makes chances to become better suited for to its habitat. It is a process rather than physical changes, even if there is; it takes generations to gradually change.

It is required and important for any living thing’s survival which includes you and I who is working hard to brining the bread home to fill our stomach and than our desire for those entrepreneur individuals who seek success.

It is the ability to identify weakness, make slight or drastic changes if it’s life threatening for survival. Only when we adapt to change, than can we improve, and achieve better results than our seniors and people who have done it earlier than us.

Like Olympic swimming, the swim suit is becoming more of the technology dope to replace the drug doping which will result in disqualification for competitors.

We must adapt to new chances, embracing new habits and behaviors, thoughts which is beneficial and throw away what is not in our mind.

A perfect example of adaptation is Apple company, who embrace the technology chance and adapts perfectly that allows iPhone to have the second largest market share with a global presence, following closely behind Nokia who is one of the pioneers in telephones, with the risk of getting obsolete if they don’t make any changes.

Change for the better, not for the worse. Keep updated with chances, but if you don’t like to stay updated, than going property which is nearly technology bullet proof and is the one method which created billionaires in the Forbes ranking.

“Change We Can Believe In” – US President Barack Obama, Nobel Prize Winner

Popularity: 1% [?]

February-20-10

Fast or Slow

posted by ryan

Fast is a word used to describe anything that is moving, functioning or have a quick; swift; rapid results.

It is also to firmly fix into a place that is not easily moved, to achieve a permanent lasting or unchangeable results.

Look at our daily activities where fast efficiency is strongly emphasis, who are the people who are really encouraging the order to be efficient, and who gains from being efficient? Take a look at any employment, businesses, and ask yourself that question.

What benefit did you yourself get when you are efficient at work? The project is delivered on time, the company makes the profit, which in turn increases the clients’ trust in the company who takes the credit, and get more projects in future. Do you have a instant pay rise for each successful project or assignment which you have completed at work? The answer is straight forward, NO WAY will you ever get fast pay increment for the profits you help the company and your employer makes.

In the employment world, employees are getting paid only less than ten percent of the total value of the profits they help deliver to the company and the business. From CEOs helping close billions worth of projects, their reward at year end, only a few millions around one to five million at most, which is less than one percent of the profit the CEO help the company made.

Such is the world of employment whereby if you want to earn fast money, simplest way is to work in an employment and get paid peanuts, thus job is always said to be in a Just Over Broke living on monthly salary.

Fast is not a good practice to begin with. We all seriously want to have a slow setting, look at the service line in particular the food and beverage industry. Do the high class restaurants and hotels rush the customers to finish the food fast or do small scale low class restaurants and coffee shops encourage this behavior? Providing quality service and comfort is the factor allowing businesses to make profits, not fast efficiency which will have negative impact on the business.

Even in the any food preparation for a dinner, in particular large scale dinner for a company event or wedding, it takes time again to do preparations for it. Weeks of planning, food tasting, budgeting, fine tuning the choice of dishes and ensuring quality so to deliver the final product on the day of the event which takes time and again, it must be done slowly to allow customer satisfaction.

In business, the person who takes the first mover advantage is usually the biggest winner even if other competitors jump into the arena, but the difference is, the former is prepared for the battle whereas the latter is totally unprepared and caught off guard by the sudden increase in demand for the certain business which brings in profits, without understanding anything, they throw in lots of investments, just to be on the bandwagon and the results are fatal.

Look at the Luohan Fish and Bubble Tea business which has died down in Singapore and is no longer as profitable as it once used to be. All these are fast business overnight but as fast as they come, the leave equally as fast too.

In health and medical science, there is again another clear example of being slow works better than fast.

The western preference of instant drugs and medications versus traditional Chinese Medicine via acupuncture practice which requires time to heal the patient with long period of time of session which is slow as compared to fast remedy of western drugs and medication which cannot heal but rather only delay the situation from getting any worse and it comes with side effects as well that caused a lot of problems surfacing with time.

With 5,000 years history of TCM (traditionally Chinese medicine using natural herbs) practice in China, western drugs and medication which is less than hundreds of years, there is absolutely no way that drugs in the form of medication made up of chemicals will do the body any good. In fact herbs and TCM via herbs and herb therapy can really heal a person from the root of the problem, but not drugs which just remove the tip of the ice berg only. Drugs only became popular at WWII when there were heavy casualties which are the only catalyst to fast remedy.

The only reason modern medical science is making way much more money and profits is because they are fast, and helps people who do not mind wasting more money paying for temporary solution which leads to side effects of another symptoms and health complications costing you more money.

If you are looking for permanent remedy to the root of the problem, seek TCM, likewise if you seek to accumulate wealth, be an entrepreneur, that starts from the mind and getting into the right thinking first before anything else.

If you want to make money, you go fast. If you want to make profits and accumulate wealth, you do it slow and that leads to entrepreneurship.

True the TRUE?? You decide.

Popularity: 1% [?]

February-20-10

Fellowship II

posted by ryan

Fellowship is the friendly companionship between friends, family and people and members in the same company, corporation or guild. It is the association of people having similar taste and interest who has form a group together.

It can also be based on a foundation for having awards and benefits for being in a corporation or guild working towards a common goal or purpose hand in hand together with helping one another.

There are two types of fellowship; one is purely for profits (money); the other one is for friendship and association and membership of a exclusive group.

Fellowship for money happens and forms when a group of like-minded people bond together, working hard to earn more money in the shortest period of time possible to satisfy their desire and needs thus they resort to fast quick methods etc which only makes them more busy without the time to enjoy their new hard earned money. Have money but no time to spend the money.

Fellowship for friendship is the one which everyone should be looking for. It is the building of alliance of respective individuals each with their entrepreneur business ideas working their own ways. In time to come, when individuals succeed, they who know each other previously and have help support one another in need, will become a force to be reckon with, building wealth, assets and lots of time to spare.

That is the secret to wealth and success, seek to form an alliance of like minded individuals, and encourage one another, so when companies are erected with each successful individuals, there’s more benefits to working together with trust that’s already built, and less time spend on unnecessary selling and negotiation about the details. Trust is the way and how things work. Abuse it once, and kiss goodbye to it forever.

If you have no idea what I’m talking about, read up this book on Starbucks, “Pour Your Heart Into It – How STARBUCKS Built A Company One Cup at a Time” by Howard Schultz and Dori Jones Yang.

Inside the book, it focus on getting to associate and know the right people to expand the business, some of which are partners whom they worked with together in the past.

Ask yourself what’s your passion, find and join a exclusive membership of an association of individuals each with their own vision but at the same time encouraging one another towards success.

The wealthy and successful people gets more wealth together with more time to spare while the poor gets more work load with less time to spare and it means to get busy and not time to spend the money he/she earn.

Do you want to be have both time and money (wealth) or do you want to have money but not time?

Pick either one of the above and work hard. Make the right choice, and choose a right mentor who can help you to succeed yet allowing you more time to increase your wealth by building more sources of income with one time effort, multiple times of profits.

“How you do anything is how you do everything” – T. Harv Eker

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

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February-15-10

Conduit

posted by ryan

Conduit is a natural passage way, a channel or a media to convey information.

We were born into a world full of various different passage ways. Each to different specialization in skills as employees and nothing with regards to path to be a successful entrepreneur or wealth that people dream of.

Whatever is a conduit in the world across the globe is just the natural passage way for people born into this world to become an employee, to work their guts hard, helping others but themselves get rich than wealthy.

To be wealthy and successful, don’t seek to follow the trail of a conduit built and walked by millions of people before you. Go hiking, draw and chart your own trail towards entrepreneurship with the right mentors and seek advice, coaching, and produce results.

Wealth is all about creation of assets, the more you own, the more assets in different forms will find their way to you. Wealth is not about chasing money; rather it is money chasing you with each new system you have build to allow it to start.

Getting rich is about you chasing money by working hard, and there is no possible for you to outrun and win against money. You have two legs, the money have four legs (corners) and can even fly in the air. So if you want to have wealth, find a system and learn the proven tested system to help you build your wealth.

Don’t chase after money. Let wealth chase you instead.

Popularity: 1% [?]

February-13-10

Blame

posted by ryan

Blame is a physiological behavior problem that everyone was taught and influenced as we all grow up. It is a negative behavior that supports and strongly encourages people to be poor and create more problems and tensions and it is everywhere and taught to exist in our subconscious.

It is the act of making negative remarks of an individual or a group when their action(s) are socially and morally wrong. Being not taking their own share of responsibility, only pushing the blame to others, they are not accountable to themselves, the group, the company and the profits, thus when you see such people in life, they are usually wanderers who have no fix group of loyal friends to themselves and are not welcomed to any events. Such people will never be successful or wealthy.

Blaming is used in our daily conversation, newspaper reports, news, shows, radio, internet and even when gaming, it happens when a person cause a team to lose in the competition. It is only used by people who are struggling to meet ends needs particular people who are working, getting a small pay cheque to meet ends’ needs. With a just over broke mentality, the poor will only think of themselves as perfect and wants everybody to change and accept that it is their fault for a failure in job or work project not taking responsibility for their own actions.

Higher level middle income to high class income earners, entrepreneurs will practice different level of accountability and responsibility which attribute to higher pay cheque and bonus because they do the fair or business well and have a code of honor and other ethical self practice which isn’t taught in school.

Entrepreneurs blame no one except for themselves for the results they are getting. The more accountability and responsible you are, the higher rate of success you will attain. It’s about taking charge of your own actions and results, and not implicating other innocent people into the picture or situation. It’s like you’re sinking in the vessel and you want somebody to sink together with you, which isn’t good to begin with. Instead of dragging down somebody, if you know you’re sinking if not dying, why not give up your own float which you’re wearing to somebody else who has a higher chance of survival.

You don’t need to drag others to hell to be successful even if it’s a failure in the project work. If it fails, and you take responsibility for the failure, at least you look and leave a good impression in front of your colleagues, employer and partners thus more projects will be entrusted to you in future.

People who pass the blame to others are myopic people who need to wear spectacles. They can’t see the damage they incur when thy do any action, thus they deserve to fail and don’t need to be bothered nor pity them for their situation. They reap what they sow and they deserve it. Give mice a cheese and they will ask you for a glass of milk. So don’t even pity those people until they are sincerely and feel remorseful upon their own reflection and shown sustainable change in behavior and actions over a long period of time before you give them the second chance.

You might want to consider praising others instead of blaming others in future if you want to have a better and brighter future.

Popularity: 1% [?]