Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

March-31-10

Disagreements

posted by ryan

Disagreements is a state of prolong dispute or debate over either an issue or an opinion.

It is the difference which often leads to nothing else but conflicts, disagreements, arguments which results in communication break-down and the list of trouble and problems just keep stockpiling like a small harmless snowball rolling down the mountain gradually gaining in mass, velocity and the damage upon impact with contact on any obstacle.

Although the root of all the above starts from a difference in opinion and how things get done, it is more about how to solve and nail the root of the problem in the bud or the seed will sprout that will sprout and grow with time.

Regardless of rich, poor, young, old, male or female, we all will come across and experience disagreements which leads to arguments and if not solved immediately, hatred will take roots in our mind, gradually accumulating in our mind eventually blinding ourselves to bias perspective and clouded judgment coming up with poor decisions thus affecting personal, family and even business operations depending on the situation a person is in.

Different people of different gender, social status have different ways to handling disagreements, I will get to the root of it and address directly the difference of how poor and rich address disagreements.

This can be practice and done by anyone regardless of your gender, social status, age language or religion. It is a skeleton key to ironing out disagreements.

How to solve and nail disagreements in the bud is crucial and critical for success.

Poor people often look and handle any disagreement at face value or what they see that will result in instant repercussions only without factoring into future present tense and the chain of events which it could lead it.

Rich people on the other hand handle disagreement in depth and will factor in anything and everything to put it up for discussion, because it is profits which the rich, affluent, successful and wealthy people are talking about thus they need to talk about anything and everything to ensure profits do not turn into red negative losses.

Below is an example of how poor and rich social class handles disagreements; it is between a mom and her daughter who place her lingerie in the washroom with the intention of wearing the same lingerie for a evening event before washing it.

Example: Poor social class disagreement between a mom and her daughter.

Mom: Hey Jane, you should not misplace your worn lingerie in the washroom.

Daughter: Mom, I just finished my shower, let me put on clothes first before I take it back into my room in a moment.

Mom: You better remember to do what you said.

Daughter: Common, give me a break and stop nagging will you?

Example: Rich social class disagreement between a mom and her daughter

Mom: Hey Jane, you should not misplace your worn lingerie in the washroom.

Daughter: Mom, I just finished my shower, let me put on clothes first before I take it back into my room in a moment.

Mom: I will not tolerate this action of yours; it is unacceptable, keep your lingerie away this instant!

Daughter: Yes, mom, I’m coming, and I will not repeat this again.

You might have notice that the openings of two examples are completely the same but the ending is completely different. It sets a different tone, and gives no leeway in the latter example as compared to the former example.

It is about getting what you like or don’t like across to the other party and have them acknowledge it immediately so the same mistake will not be repeated again in future.
This is why the rich always get richer while the poor only gets poorer day by day without even noticing the slight difference in how they handle disagreements.

After the disagreement has being settle, have both parties sit down peacefully and listen to what each other have to say with how and what they think, so that no misunderstanding will be kept in their minds. Talk it out immediately, that is why businesses always have negotiation talks face to face so any problems and technical difficulties gets ironed out immediately without any delay.

Do not look at things on the face value, practice it if you want to succeed and reduce disagreements and conflicts. If you who is reading this blog entry right now, have any questions or doubts, feel free to voice your doubts and comments either in the comment box below this entry or use the contact form.

If you have the same problem in your existing business, and needs consultant to identify technical issues, problems which seems to be always circling around your business and complaints always hovering around the same topic, contact me for a quotation.

I hope the above entry was helpful to you readers. Any feedback, suggestion or comments are greatly appreciated.

Popularity: 1% [?]

March-2-10

Multi-Tasking

posted by ryan

Multi-tasking is the ability to carry out more than a task at the same time. Often it means doing two to three tasks at the same time.

It not only saves time, increase efficiency and productivity and help businesses reduce cost such as hiring more employees with the work load.

Man are very good at multi-tasking, in fact we do it so well these days that we forget that we are even doing it and it’s already an basic instinct in some of the people.

People created computers as a tool for additional multi-tasking to help with communication, calculations, presentations, entertainment etc. Technology is the leverage that man has created to do multiple multi-tasking at the same time.

A frequent example will be using msn or facebook messenger with conversion whereby you can talk to many individuals at the same location right in front of your computer without having to move or use additional equipments.

These days’ performers and celebrity artists are also multi-tasking to for commercial and financial reasons.  Look at the past, do singers dance generally back in the old days? No they don’t, in fact they just depend on purely singing skills to whoa the audience and the crowd.

These days, singers not only have to sing, they have to dance, and come up with creative and interesting dance moves that will whoa the audience. The focus have shifted that these days, the singers are no longer like singers of the past, their singing skills aren’t as good as their seniors from the past.

In the past, singers can sing none stop because they have master the skill of breathing while singing, thus they will never ever go breathless, but listen closely and attentively to singers, even popular singers these days in live concert; they lack the basic skill of breathing control. With multi-tasking they have already ignored and thrown away the basic fundamentals required of a singer, and they focus only on packaging, while editing the breathlessness away in albums with the help of technology.

Multi-tasking is a good habit, but don’t let it become your obstacle and ignore the core basic fundamental skills.

Focus is the key.

Popularity: 1% [?]

March-1-10

Imagination

posted by ryan

Imagination is the ability of forming mental images, sensations and concepts in a moment when they are not perceived through sight, hearing or other senses.

It is the products of imagining, a conception, and mental creation, often a baseless or fanciful one. It can work together with ideas and the key to imagination is to think without any restrictions or barrier such as worries about the ability to carry out the plan via financial means and network or influence etc.

It is to think and reach for the impossible that challenge the mind to eventually come up with something with time that is more practical via team discussion and brain-storming meetings.

It is psychology, the power of reproducing images stored in the mind under suggestion of associated images or recombining former experience in a new creation of new image directed at a specific goal of solving a problem with a solution.

Start dreaming, and talk about it, who knows one day you might have come up with your own vision which can help you become the next bill gates, imagination is the start and catalyst of a vision that can help you make a fortune from it.

Popularity: 1% [?]

February-24-10

Laziness

posted by ryan

Laziness is the lack of desire to expand effort. It is to appear sluggish, slow moving, resistant to work.

It is a psychological problem that manifests itself in our own mind. By repeating telling ourselves that we are lazy, one day you will notice that you will tell others yourself and confirm yourself from your own mouth that you’re a lazy bone thus pushing and avoid any job or work which can be a hassle.

Laziness derives from the word lazy, but there’s a slight critical difference between these two words which dictionary and schools don’t talk about.

Laziness is a problem while being lazy is a catalyst to speed up productivity and efficiency at work for finding shortcuts. Once you start working, you will realize the difference. A shortcut is needed to reduce time, effort and to increase profits for minimal effort made.

People who practice laziness, will have a harder difficult lives and living in a environment filled with problems created by their own laziness.

People who are lazy are making lots of money. Look at your employment, do they do the work themselves or do they pass or divide their workload to the group to minimize the time spent on a project. Just do a simple comparison, is it easier for a group of people to complete a project or just a individual to complete a project? When workload is spread out, the workload decreases and thus profits are made in the process.

Another example will be for the sales people. Are the people bring in sales for companies and allow the business to profit earning more or is the employees doing the administrative work earning more? Ask and you will notice the difference. People who bring in the bacon and pass the job or work to others are earning more money, while the doers are making just average income doing not as productive things as compared to bringing in profits for the company. Nevertheless, administrative employees are just as important, if not the job or work will not get done if nobody takes up the job.

To be wealthy and successful, you first have to learn to become a lazy person finding shortcuts without reducing the profit margin or to increase any problems comprise safety at work.

Once you find or have created the blueprint, you have found yourself a winning formula which can bring you wealth and it all starts from the mind, put on your thinking cap. It is like selling a franchise business, you hold the master key, you just sell your franchise model to investors who want profits from the business, collecting royalties from every investor who is using your system.

To master the art of being lazy without having laziness in your mind is an art, a skill that must be learned and applied correctly and it all starts with your mind. So stop being a lazy bone and start thinking.

Popularity: 1% [?]

February-19-10

Privilege

posted by ryan

Privilege is a special right, immunity, and exemptions granted to individuals by a authority or government. It is for a person to enjoy more than and beyond what is considered to be an advantage.

It is like a key that opens to a window of abundance of exemptions and immunity at different places.

Like celebrities have privileges like private invitations to fashion shows, events from big companies due to the relationship they have with media.

Successful businessmen enjoy better privileges than other people, shortcuts from banks, people, and different treatments. Look at the airlines and the difference in service treatments if you need an example.

Privilege is far more exclusive than having an advantage. An advantage can be anything, by just knowing a new strategy other a fellow business competitor, that is consider an advantage.

Having privilege means to have lots of shortcuts, crash course to the top faster saving time, effort and minimizing losses which is the most important with the right advice from fellow businessmen.

Do you have to have an advantage or are you looking forward to have a membership which has its own privileges?

Popularity: 1% [?]

February-13-10

Criticize

posted by ryan

Criticize is to judge or discuss the merits and faults of anything. It is the act of passing judgment as to either the merits faultfinding in anything. It can be said or passed around in words during discussion, comments, articles, and essays or even in television shows and drams.

Criticism is not welcomed in employment or at work. Nobody likes to be criticizing or be put down to in front of others. Losing pride ego and face is what Asians detest most, thus people can only hide the truth from their friends, relatives, even family members for wanting to hear words pleasant to their ears only.

Refusal to accept criticism is a sign of failure and the root of the problem that poor people hold and embrace tightly in their heart. People hang around people to feel happy and to encourage one another, but what if the company, band of friends you’re hanging around wish otherwise, reluctance to see you improve and surpass them leaving you behind. It is their reluctance to let go and see you succeed that cause friends and company to be the deciding factor in your result.

At work, if you’re new, speaking against a superior, you will get blacklisted and people will start to find faults with everything and anything that you do.

At home, if you’re young, speaking against an elder or senior, even if you’re right, they think that you’re always wrong because you are younger than them that kind of mentality.

If you want to succeed, hang and mix around with people who will be happy and willing to extend their helping hand. That is why successful people hang around with successful people; you don’t see successful people hanging around with failures who aren’t willing to improve themselves.

Example, look at the way crabs are being kept in supermarkets, those selling normal black colour crabs beside them selling Japanese crab etc. Why some crabs do is trapped in a cage while some are left in a tank without a lid to prevent them from escaping.

The next time you see both kinds of crabs side by side, ask the seller why the difference in handling and selling them, once you hear it yourself or look long enough observing those crabs. You will understand why the difference in treatment when both species of crabs tries to escape, and see how they react. (I heard this from my senior last time when I was in the previous employment)

If you want to succeed, hang around with people who are happy to be asked questions, receive feedbacks even if it’s a nasty comment or remarks etc. While it is not a pleasant experience, but with every new complaint or feedback you can improve faster and better than people who are only accepting the good and rejecting the bad thus there’s no room for improvements.

With lots of criticism, will increase the room for improvements thus there are companies, business who are able to position and brand themselves as the luxury top tail brand in the market. Looking and learning from mistakes of others where they refuse to listen is a key factor which determines the success or downfall of anything.

Are you willing to accept and receive criticism with happiness or are you going to deny them? Its your choice and what future you want to put yourself in.

Popularity: 1% [?]

January-28-10

Reputation

posted by ryan

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.

Popularity: 1% [?]