Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

February-22-10

Confidence

posted by ryan

Confidence is to have full trust or belief in oneself and one’s abilities, it is the assurance that a person display that the audience believed the person/speaker completely. It is the trust and the faith in a person or thing.

It is a belief and trust of self-confidence that helps individuals complete any task at work, in school or in business. In the world of animals and man together with other living organism, it is all about survival and confidence. Without self-confidence, life will not be passed on.

Man animals and other organisms are similar in various ways. They during the mating season/period will display their respective own skills, strengths and beauty to ward off other competitors to attract a mating partner. Fending off competitors means to display their strength first and gauge the possibility of winning before making getting into physical action.

Like a monkey, first accessing his rivals before fighting, the winner who emerges victorious will have the rights to mate with the female. The loser will either stay within the group of the monkey than helping to keep a look out for any external treats as a scout if not leave or find another group to find a mating partner.

How man mate is whereby both the male and female shows confidence of themselves via their own respective abilities. For male, standard guide will be wealth, home, money, financial security which will never get out-dated.

Females on the other hand display that they have the figure, motherly instincts like care and concern or interest plus developed assets both mentally and physically.

Mating is a showcase of easy way of displaying self-confidence via actions, speech and other factors. Business profits and deals are made based on their previous credentials, success rate, relevancy and return on investments before striking a deal.

In a presentation, if the speaker is weak in the sales pitch, soft voice, unable to help his audience share the same vision and dreams as the speaker to sing in the same cord, the speaker than fails the presentation giving the chance to his business rival.

The way we speak, talk, look, conduct ourselves, even walking display the level of confidence that we have ourselves. There are two types of confidence, first is inner confidence, a self belief and next is external confidence, the way you dress, how you walk and communicate shows how confident you are.

Having inner confidence, self-belief in you is far more critical than having external confidence. Clothes, body language can be faked, but inner confidence cannot and be faked unless they are trained in that area.

Often it is those with strong self-belief in themselves, when people are confident, even if they (guys) are outside walking in shorts, slippers and t-shirt ladies will still turn their heads and follow you as you walk pass them. I have tried it out on and it works. Inner confidence can be sensed by others even in the same gender, if you have strong inner confidence, the odds of winning is stacked with you against someone who only depend on external confidence like relaying on buying branded clothes putting on a false mask on a daily basis.

If you walk with confidence, you will feel wind as you walk even if there’s no wind on the streets. Don’t believe me, try it.

For starters, first wear office attire, put on a tie for guys formal attire and walk on the streets, be neat and tidy, don’t drag your shoes, and you’ll feel something different. That is when you feel the difference between the choice of clothes you wear and walk, than only will ladies start turning their heads slightly.

As for people with strong self-confidence inside themselves, they know very well how it feels like to have looked upon.

There is a common saying “Fake it till you make it” but I would prefer to say “First you fake it, second you network with successful individuals, third get the results your desire by doing what they do and fourth you have made it.” That is the real process of the common saying, but people just take it at face value without looking at in deeper into the meaning.

Confidence can be trained, built and taught but it must be used on the right things without harboring any ill intentions in exchange for some temporary gains as to permanent gains.

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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-14-10

Leverage

posted by ryan

Leverage is the use of a lever for advantage over something by using lesser effort. It is to use a small initial investment to gain a high advantage in relation to one’s investment, and to reduce one’s own liability for any loss. It is creates a win-win situation for both parties. If it’s a group investment, it will benefit all of the participants and getting a fair compensation at both sides.

Wealthy people always leverage do helping their partners to earn more wealth together, but the rich people always and only will use people exploiting them for maximal advantage for their person gains.

To succeed and generate wealth instead of money, hang around and get to network with people who are most willing to help people who are willing to be help. Gentle reminder, to succeed and hang around with such people, if you have any hidden agenda or want to steal their business secrets and strategies, you will be plucked out before you know it, people especially them have high level of sensitivity when it comes to deciding who to work with and select at business partners.

Even I thanks to years of exploring and doing direct sales have acquired the high level filtering process of choosing people, what more can you expect from people who have being there, done that?

To have win-win situation, don’t doubt with people who you work with. If you doubt them, don’t bother to even try working with them.

Seek to form alliance and network with people who will guide and lead you by hand and not to exploit and make use of one another cutting and killing each other.

用人不疑,疑人不用。

Don’t doubt a person you’re working with, if you must doubt, don’t work with such people.

Popularity: 1% [?]

February-14-10

Balance

posted by ryan

Balance is about equilibrium with equal distribution of weight distributor to achieve balance.

Everything must be balanced, and there must not be bias on any side but in reality, it isn’t possible to strike a balance unless we control our own source of income, wealth and time by working for ourselves and not for our boss.

At work, government across and all over the globe always talk about having a balance working life, which is nonsense, if they want to get paid via tax thus they have money, they have to think of ways to allow business to have more employees thus more tax will be received from everybody making them richer but not wealthier since government are not experts at wealth and financial management.

The true experts of wealth and financial management are the billionaires and multi-millionaires. Millionaires are not included in my theory because millionaires can be done alone with hard work while multi-millionaires cannot.

News reports of financial crisis, great depression, stock crisis, commodity shortage thus causing sky rocketed cost of food and basic ingredients such as sugar, salt, and oil at times are the solid proof that government leaders are just ordinary people like you and me in the streets. They know nothing about real wealth management. They can make mistakes and push the blame to somebody else by military or keep it within the walls of each respective country as top secrets etc, and the best part, they don’t get fired because they need to retain ‘talents’ who are just sadly ill-trained professionals who knows only theory but not practical experience whatsoever.

Such people in the government do not and will not know how to balance the equilibrium and will continue to make mistakes than push it to others, got let somebody be the scapegoat taking the blame while opening a back-door to the person who help them take the rap.

The Lehman Brothers is a typical example of ill trained professionals who cause the world economy to share the rap and consequences of their actions, sparking a crisis with more problems in western countries than Asian countries.

With US government using tax-payers money to bail out the companies that didn’t do a proper job to save employments, when this happens, it is debt sharing, and passing the debt to the majority of the people. Take the total sum of money USA used and divide among the US population, and you know on average how much a US citizen helps the government to pay off the debts, which is why the US presidential election is all about, getting the consent of every citizen for approval by votes.

In Asian countries, it is run with a slightly different practice, because of the lack of politicians, and leaders, whatever mistakes they made, it will be compromised because there are no successors to take over thus they can continue making mistakes and nobody can do anything because they lack the higher appointment to veto the politician out immediately. Business and politics will never be able to work together due to a conflict of interest and why Warren Buffett initially decline President Obama request to lead the US in terms of investment options.

At work, health and family, it is all about striking a balance but it is not possible to do it because not possible to do so as business is all about profits and family work balance must be compromised in order to meet quota set by the company and the management else face the risk of being fired.

The only possible way to attain work life and family plus health balance is to work for ourselves, and find alternative income source to have flexible work time, have a business system to have it running on automatic basis so to allow equal balance.

The alternative is via internet marketing, and multi-level marketing (MLM) which requires no boss, no fixed timing, efforts and pay are justified by the amount of commitment they put in which is why news articles in Singapore have mention successes in blogging stay home young mothers who are IT savvy. MLM however has created tremendous success that can’t be overlooked but it is treated with negativity thus people are not receptive to it.

Education is all about helping ourselves to earn more money, but why and how did people think that it’s only right to help boss earn money and not help themselves? Are you slapping yourself in the face? Wake up to the reality and face it. If you at any one time want to deny facts, you will be a loser and loser will only suffer in misery and nothing else.

Do you want to seek balance in live which will encourage good health or do you want to continue to work your guts out risking your health helping your boss get rich, and not helping yourself?

Popularity: 1% [?]

February-11-10

Fair

posted by ryan

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”

Popularity: 1% [?]

February-9-10

Savings

posted by ryan

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.

Popularity: 1% [?]

January-25-10

Money

posted by ryan

Chinese New Year is coming, which represents a new Chinese Lunar Year welcoming the zodiac Tiger this year. Every Chinese New Year, Chinese will practice certain beliefs to keep the wealth inwards to the home rather than outwards.

There are taboos during Chinese New Year. Like for instance, sweeping is not allowed during the Chinese New Year period, if there’s really a must to sweep, than it must be sweep from outside inwards to the home so as not to sweep away for God of Fortune.

While everyone is preparing for New Year and welcoming the god of fortune, most of the people however, will not open the door even if god of fortune is knocking on the doors. Those who open the doors will be given and be blessed with fortune and prosperity.

Majority of the people in Singapore have being trained and bought up to look, think and plan only for short term. All that they see and ask of is money, only real hard cash is what they want, they don’t want opportunity which requires hard-work. All that they wish for is money to fall from the sky just like a game played in television shows annually, shaking the money tree in game shows.

Money comes in many variations. It can be in gold, silver, jade, antique, home, insurance savings plan, investments and businesses. It can also come in a form of a business opportunity. An opportunity to be trained by the rich, wealthy millionaires who knows the secrets of doing a business successfully greatly reducing the risk of loses with their valuable experiences.

New Year Resolution is a wish that everyone will make, but only a minority of the people will actually welcome anything opportunity that comes their way. Most of which either give reasons which are excuses to turn away money or tell the opportunity to wait for them, thinking it is their right to get rich and the opportunity must wait for them.

This kind of thinking is completely wrong, but suitable for respective nations, who wants to groom a large pool of civil servants, but I view them as slaves slogging hard for the rich without having a justifiable income for their efforts.

A bull who works so hard, will still be a bull after many years of hard. If working hard is really the proven way to get rich, than the third world should be richer than us already but why are they poorer than us?

The answer is simple and straight-forward: make the right choice choose the cash machine wisely before working hard to grow that cash machine.

Do you want to continue servicing your cash printing machine, or do you want to build a bigger, better cash printing machine with a New Year? If you’re working in the same job, have the same pay, doing the same thing which you have being doing for years, nothing have changed and like wise same for your income over these years and it will remain stagnant for years to come and even is losing in value thanks to inflation which is happening.

Inflation is the number one factor why the rich is getting richer while the poor is getting poorer. Without using the same tools which the rich are using to get rich, the poor will only get poorer because their tools are rusty, broken and not efficient to make more money.

Money is only possible if the poor is willing to change their tools (thinking) and adopt (follow) what the rich do (business investments) instead of slogging (planting a bean sprout) as compared to the rich who’s working hard too in a different way (panting durian trees) looking ahead for the long term continuous income once it ripens and bear fruits.

Here’s the difference: The poor use a green bean to plant a bean sprout with each bean, there can only be a bean sprout which is exchanging an item for an item.

The rich is smarter: Using a durian, to plant a durian tree, for the first twenty-years, there will be no fruits, and required constant care, attention and fertilizer as nourishment. After the twenty-years is up, when the durian tree is ready with deep roots, the rich (famer) will than no longer be required to care for the durian tree as it is ready to stand on their own producing rich quality and quantity of durians with zero effort from the twenty-one year onwards reaping the fruits of labor than sharing it with the people who assisted him during those difficult years.

Earning money is easy, exchanging time for money. Building wealth is much more difficult like planting a durian tree, but success will only belongs to people who are not only hard-working but also smart in making the right decision as to what kinds of seeds to plant and looking ahead of the benefits of planting the right seeds.

If you want to work with millionaires in printing money right now, don’t hesitate, contact me now and I’ll show and share with you what seeds I will be planting, and how I know it’s going to be the next durian tree. Success belongs only to people who makes the right decision and seek proper guidance. I’m learning from millionaires, and so should you. Join me as we go on a journey planting and farming durian trees.

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