Ryan Ho's Entrepreneurship Blog

Money can be anything that is accepted as a payment for goods, services and repayment of debts. It can be in gold, silver, or other metal pieces of convenient form stamped by public authority and issued as a medium of exchange and a measure value.

It is tool, a double edge weapon, which both the rich and poor people use for different purposes.

Rich, wealthy and successful people use it to benefit more people via charity, sponsorship, and philanthropy purposes, and not forgetting by being generous, it also helps to reduce the tax payment thus businesses never fails to donate and do their part for charity. There are so much advantages to doing charity.

Poor people on the other hand use money as a weapon, to put themselves only to more harm via what everybody knows of the lack of financial knowledge and proper financial management. It is more about understanding the basics of money management, the returns on investment which differentiates the wealthy and the poor.

Wealthy invest while poor spend their money.

Invest for growth, using money as a seed, fertilizer to grow more money trees via business acquisitions etc.

Spending money only increase the debts, liabilities and more financial woes to surface with time and encouraging of bad habits.

You don’t need to pay school fees to learn how to manage money, you just need to think right and start from the basics and go in the right direction and get the right coaching from mentors who will give you more examples on how to increase your wealth.

Coaching is only applicable to successful businessmen and not financial wealth managers who are employees who are not trained to do so, even if they are trained by banks, they are just trained to use money to roll money, but they are not trained in using little or no money to grow money.

So if you want to grow your money tree to be strong and healthy, find yourself a coach and learn from them. If you are a cheapo like me previously, just stay tune to my blog or website for more examples and understand the difference in thinking which should be able to help you get a better idea of money management without paying a single cent.

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Eliminate is to get rid, omit or remove from further consideration or competition. It is to be void or expel and when it becomes serious such as to eradicate and kill the enemy.

Elimination is what keeps the Asian nations running and function perfectly like a well oiled engine with a system that never breaks down not even once.

In the game of elimination, where it is embraced and practiced by Asian countries, it is a similar to the game show “Survivor” from the USA or “Ninja Warrior” from Japan. The strongest contender wins the game and is crowned the champion at least for that very moment and during the process.

Failure is not an option nor do we Asians encourage one another, it may look bad on the surface, but in fact this elimination culture in Asians is what keeps us going and striving for the better and to surpass the previous champions and winners previously.

Once you fail in any segment of the game show, you are eliminated instantly either by the rules or via votes. For you to come back again, you need to wait for the next show to win back your honor, something which the Japanese perfected in their quest for supremacy thus it climb back up from the fall of the WWII to be the leader in technology.

China is another highly and extremely competitive country, where the strongest and fittest survives. On the surface it may look cruel to abandon our peers and move forward, but this trait and style of practice is essential in the quest for supremacy. Why so, because in order to be the supreme leader in whatever you do, there is no room for weaklings, thus elimination is the way business is conducted thus the difference in business ethics between China and USA.

Singapore on the other hand is a cosmopolitan country with such a rich mixture of nationalities from all over the country that it is no longer works on neither encouragement nor elimination. Instead Singapore is purely and solely based on Black and White, everything has to be spelled out for on the paper in the law. With neither sides near us, the weak minded people will naturally open themselves to lots of problems like being over dependant on the country which is what most of the Asians are doing and is not restricted to only Singapore but also to our neighboring countries.

Being an island with no common share identities with other nations, we need to identify ourselves, like our forefathers in history which we learn, we should take up entrepreneurship, look at the Chinatown back than, it was buzzing with activities and businesses, so much so that it causing problems but that is a positive problem. Look at the current Singapore and ask yourself what is the difference, and if you bright enough with see what I see, you are somewhere there already.

I may not be somebody now, but with time, you will see what I am made off. Either you join me now and we work together and build trust, or in future I select candidates and partners to work with. You decide for yourselves. Look at Bill Gates and his investors, those who invested in them when they were back than a nobody is already benefiting lots from their first investment to date. Vision and foresight is what keeps an entrepreneur moving despite all odds moving against the tide emerging as the champion, the supreme leader.

Success is not a process, it is war, and in war, you need to eliminate your enemies and step on their corpses, with the killing intent and aura to scare off any potential competitors. Constantly improve and work with like minded people to succeed together. Refer to Chinese Three Kingdoms if you need more information.

“Are you thinking what I’m thinking?”

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Time is a measurement system of a unit. It is a measurement of a period or interval.

Everyone has the same amount of time twenty four hours a day seven days a week fifty two weeks a year and so on. Time is so unique that nobody can create extra time for anybody.

The poor can only have maximal twenty four hours per day, while the wealthy and successful businessmen have X numbers of twenty four hours, and it is based on the number of business partners, employees they have working on a project, repeating doing the same thing to produce products, services for sales and profit to the business.

With increase help and paying people in-exchange for their time, the businessmen thus can increase and better utilize his time on more profitable business to further increase his wealth accumulation process.

Businessmen thus in a way is buying time from people, leverage on business partners and employees which is mutually beneficial to all the parties involved with agreements to the terms and conditions attached.

While time can actually be bought, but nobody can buy back lost time, time which has passed can never ever be bought, which brings me to opportunity cost, when the timing is right, a business proposal is in front of you wanting to invest and be part of it, if you miss it that time, in future when they succeed, you cannot turn back time thus you live a life with regrets and nothing else.

We can buy time but we cannot buy lost time since we cannot turn back the clock. Instead of living with regrets, why not make the best use of time to do what we like, go after our dreams, passion or wealth.

If you are clueless about opportunity cost, there is a daily repeating event in the neighbourhood near you. Just start queuing up for free newspapers everyday, at time you may be in the front, but what happens if you are at the back of the queue without any free newspapers left. That is the lost of opportunity. You can choose to wake up early, take action by queuing or find shortcuts.

If you lose it, you cannot find it back, since the newspapers are all given out with no spare copies. It is identical to doing business. Just with the exception of business where money comes into the picture.

If you know Microsoft, Google and Facebook could be what it is today, if there is a opportunity for you to invest when they are still unknown, you have found the perfect opportunity that once lost, it is lost forever for good or bad depending on your perspective, time is important, so make sure you know how to look ahead and invest in visions, not dreams.

Today at this date, I have an opportunity for interested parties, I’m not sure how long or short this limited opportunity to work with successful businessmen will last, but if you understand the value of time, do not hesitate to contact me,

I’ll get back to you if you show interest in wealth accumulation, moreover whatever I am doing right now, it is tested, proven with time and results from seniors who have being there, done that. I’m learning from businessmen who plans on building companies, if you want to be part of it, why not now, ask me for more details.

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Fairness is what every poor mindset people think of only, to have a fair game, no advantages or biases towards anyone.

Advantage is what wealthy successful people neither seek, which does not and neither looks nor sounds fair to majority of the poor mindset thinking majority.

Decades and centuries have proven that there’s no fairness in this world, the strongest and fittest wins, the natural order of life.

All babies do start of on the same footing, having the same equal chance of survival, but there are other factors which babies can’t control, their family background, their genes, the blood line of heritage they will inherited etc. These are the unfair advantage of born in different family backgrounds.

Poor often say if I have this amount of money, I also can make it big and successful like those super rich with my business ideas. Some people even claim that they steal their ideas, when the fact is they neither know each other nor spoken to each other, let alone even know of each other existence, so how can the poor mindset person say their idea of success was stolen?

Throw them the people with a sudden increase of money, in a short period of time, they will be reduced back to the same old person, it has being proven countless times without anybody purposely sabotage or anything. It just happens.

How many times have you read news articles, know of people who suddenly became rich from being lucky with lottery, TOTO, 4D and hitting the jackpot can maintain their sudden surge of money to the next generation? No one has ever done it, even those who said they wanted to invest also failed to roll the money bigger.

The reason that is holding the truth to this, is the belief, mindset what is in their head, their financial literacy, how much do they know about wealth management, investment that will help them to get wealth not rich not money. It is only when you change your thinking, than only your wealth status quo will change as you increase your mindset towards being positive and learn plus apply and perfects it.

If you understand the essence of this blog entry, than start looking for your advantage, and don’t expect the world to have fairness, even if there is, you have choose to abandon the equal chance presented to you when the opportunity was there presented to you, but you just rejected it.

Don’t blame others, blame only yourself not even your parents for the result you’re getting now.

Get this into your head. “Life is not fair, it’s about having an advantage”

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Savings are the conservation of money, to save and conserve for a clause, example for a rainy rain.

Saving is a good habit but not necessarily a positive habit. Starting as young as kids, parents were taught to pass and impart the knowledge and importance of savings to their kids but not investment. Thus everyone across the globe knows the importance of savings but not investment.

The poor will impart the good habit of savings for a rainy day idea to their kids and they will save every single penny in their whole life without any changes to the knowledge that was imparted to the kids.

The wealthy will impart investment habit to their kids in different learning examples, coming up with games, learning lessons to increase their knowledge of doubling their start up capital to generate more income.

If there’s no external new knowledge being passed to the kids who are growing up in a savings mindset family, the future of the kids’ family will suffer, more unhappiness will follow, something which I realized long ago but it only stuck and was imprinted in my mind only today thus this blog entry.

As a kid, it’s good to save, so when they grow up, they have a starting pool of piggy bank to for investment into a business, but parents often just stop their financial education to their kids once they see that their kids are doing well, stopping halfway, without telling them the core idea and importance of savings.

Savings from young is to start accumulating a bucket of gold, than when the time is ripe, with sufficient funds, than their first bucket of gold should be used for investment purpose and must learn the steps to investment.

Parents failed to impart the knowledge of investment to their child solely because they neither lack the knowledge nor know-how to go about investment, thus in the adulthood stage, when poor mindset people start working, the problem of having a mindset savings snowballs into a bigger problem, creating lots of unhappiness and life living in misery.

Young kids can save, as they have not much items or gadgets which they need to buy, if proper discipline is being used and proper knowledge of financial management has being passed down to their kids.

Saving money as a teenager than starts to become a problem, with lots of temptations, peer pressure, and the fear of being bullied, left out/behind in a fashion savvy or technology updated group of peers. Teenagers will than experience more difficultly in saving any money.

Adulthood and beyond are the worse section and experience which a person will experience if he/she were to continue saving money and not learning the how-to to invest. Having seen different parents, family members, relatives (even those who are living a landed property) are saving as much as possible, making them look more like a cheapskate and not a thrifty person.

Cheapskate is one who will collect, take back small little free items from restaurants, hotels, air-planes when they either dine out if not are on a holiday vacation. Not willing to part with small money will not lead to big money which is needed in investment. The worse and unhealthy example of being a cheapskate is to wash those microwavable Tupperware after use to repeat use them. I’m concern about using them over again since it’s plastic and it chemicals will more or less leave some scent and taste with the food, plus health reasons.

Adults who are near if not already classified in the seniors age above fifty years old have even worse saving habits which are the cause of family unhappiness too, picking up redundant habits which only make matters worse than better thus elder folks are either unable to live happily with their children and grandchildren.

When grandparents’ saving ideology worsen and degrades into scrimping and squeezing every single possible cent out from any offer etc, now that is a saving behavior and mindset gone completely wrong and children can’t accept nor understand the changes thus they just move out.

Ugly saving ideas and behaviors such as plastic bags, starting form the aunties group all the way to grandmothers, whatever they do, wet market, super market, dinning in or out, plastic bags are the sure take item and they take lots of it. Taking back empty boxes, paper cardboards, newspapers etc, all back home to safe-keep in case there’s a need one day for the box which still can be used to store things.

When they pick up the items, to them it’s saving money, but without proper arrangement, it transform into a house full of junk items and the grandparents or aunties are super reluctant to throw away the items which are junk in our eyes. Those items can be recycled in recycling centers and even for profit but elders are ignorant, they don’t know, so to help get rid of their ‘junk’, we need to sort and tidy it, than sell it away, money pass to them so they will keep quiet.

Next time if somebody teaches you to save money, look and observe what saving practice do they use themselves?  If it is savings to scrimping, don’t even follow. If it is savings to investment than you stick to that person and learn it well.

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Gratification is the source of pleasure satisfaction. Gratification is uses and practiced by all man kind regardless of nationality, race, language or even skin colour.

There are two types of gratification: instant and delayed gratification.

Instant gratification is whereby people purchase something in the form of items, products or services to reward themselves or their family and friends to have great satisfaction from something. Even prostituting is instant gratification, the want to instantly satisfy their desire to get ‘loved’ to compensate for their failed relationship or lack of love etc.

Delayed gratification is whereby people find a goal, have a target of what to buy, set a period of time, and tell them If they complete their own mini goals, than they will gratify themselves by buying a particular product/service or item. That is delayed gratification.

Depending on the types of gratification you choose to practice, it will be matter of either poverty or wealth respectively.

People who are in poverty or those with just over broke situation will give themselves excuses which they think of it as ‘reasons’ to buy this buy that to reward themselves, but if they look at the past year, have their self-rewarding instant gratification helped them to get rich not even speaking about being wealthy. No it impossible for a spendthrift to even save let alone invest to get rich and wealthy.

People who are rich and wealthy on the other hand will guard their wealthy strictly and only allowing transactions to go through after their personal review before signing on the line for approval. They will wait patiently, for the right time, right indicators and opportunity in times of distress of the competitor to either buy over at a lower price if not buy over the whole company to take out a competitor to safeguard and fortify their barrier of defense against fellow on-looker warlords who have set their eyes on the kingdom with lots of wealth and prosperity.

It’s similar if not identical to China building the Great Wall to increase their defense against the Mongolian troops and war from even have any chances to strike them when they least expected by building the different post along the Great Wall of China using fire and smoke to warn the guards spreading the message efficiently across all troops guards China.

Delayed gratification was a term which I heard overheard from afar when I saw my senior in sales advising his junior about it. Since then, I have always bear this in mind and it has helped me gain a lot of wisdom and discipline with time and practice. I hope this will be helpful to you readers.

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Reputation is the key consideration factor when doing anything be it business, going into a relationship or investing on an individual or a company.

As simple as it sounds, it doesn’t looks easy to carry out. Reputation is an intangible asset which is in the balance sheet of profit and account statement which we treat it as branding. How much does the brand cost, and what is the difference between products which is branded versus a product which is new on the market.

A new product will take time to build a base of customers by offering services for value creation and giving customers more reasons and small gifts here and there to convince and persuade customers to change direction from a brand to another. Whoever is able to command a higher perceived value in the eyes of the customers wins until the next contender surface.

Business is all about reputation, creditability, and how much he/she can influence and make customers or even strangers take his/her word with complete trust and assurance without even an doubt in the individuals’ character or personality. That to me is build on mutual trust, and a unprecedented high level of trust will be build when quality is not compromised even in big companies and franchise models. This is the true value of trust which goes a long way.

It takes from months to years to build the trust in both the brand (business) and in the leader leading the company risking his/her reputation on the line with each and every step. One wrong move will result in overnight tumble just like when a professional explosive specialist has being given the go-ahead to push the button to detonate the explosives in a vacant building to give way to new property developments.

With reputation being placed on the line, every step we take with ourselves or with our business partners, colleagues and friends should be taken into consideration first and their credentials first before signing any agreement.

If in the event, there’s no trust and credentials yet, a guarantor and disclaimer policy can be put in place before you carry out any business campaigns. By first drawing a clear line between what’s yours and what’s not, you can be sure of what and how to react in times of problems should they try to push the blame to you? Always have a mutual black and white agreement with people whom you work with so once they commit, they will have to obliged by the terms and conditions set and follow throwing away any grey to black hat strategies which they have if you are not a push-over.

Devise your own terms and conditions before hand, get to know what potential problems you may encounter if you have a lot to lose considering you’re a influential successful person. If you’re a nobody, just go right in, learn whatever you can build your trust, reputation and credentials from the first project you do.

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