Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

March-1-10

Idea

posted by ryan

Idea is something that comes to the mind before one starts to think. It often comes constructed in our minds representational images, objects; it also can come from concepts, an art piece or abstracts.

Such ideas can usually earn us lots of money if taken into application towards the right purpose and intent. People who have ideas should immediately jot down the ideas, and amplify it to become a business proposal and profit from it. Ideas are free, so monetize those ideas, everyone has brains, so make good use of the brains and make money.

Instead of using hands and hard-work to make money, why not start learning on how capitalize on our own resources, the brain for monetization?

If you are not convinced, look around you, your scope of people, and the financial situation of people around you. Are the people who are wealthy doing all the labour themselves or are they passing the workload to the employees as they work on new ideas to come up with new innovative and creative products for more profits and to capture a bigger market share?

If you don’t know of any successful people around you, the next closest people you can look to is your superior, does he/she talks more, do more sales using speech to close more deals making clients happy or does he/she does more manual labour like average employees like you and I?

The prime example that everybody will experience will be the food and beverage industry. Do you often see waiters and waitresses talk and interact with the valued regular customers more or do the supervisors and captains talk and interact with the clients more? Are you the waiter and waitress doing more hard-work labour or is the supervisor and captain doing more hard-labour?

Answer is straight-forward. To succeed, we do not need to depend on hard-labour in exchange for money, all that we need to do is to think of ideas and monetize those very ideas which often comes free of charge with the exception of those businesses paying people to comes up with ideas that it example designers etc.

Put on your thinking cap and have a notebook plus a pen by your side at all times. No ideas are stupid, you just need to refine and commercialize your ideas for profits. Make sure you protect your own ideas from theft at all times.

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February-25-10

Limitation

posted by ryan

Limitation is a form of restriction within a set of environment and settings. It is the ceiling to how much something can be learnt.

Education is about removing the limitations which is set on us since birth for modern generation of teenagers and young adults. There are both positive and negative aspects of which.

Positive would be it help us to be informed of the repercussions so as to factor in a lot of elements and considerations to massively increase our advantage in a area of subject which a person picks up.

Negative would be that with lots of repercussions means there is confusion in the people’s minds which account for individuals’ lack of desire to succeed and work towards being a millionaire and beyond.

Look at the Forbes list, and list out anyone among the top ten billionaires that has a Ph.D in academic qualifications, nobody. The idea is simple, tested and proven, the more you study in terms of academically, the poorer and mentally, you build more barriers which limit and restrict any form of incoming profitable ideas which you can work on.

A great inventor with a Ph.D does not mean he/she will be a successful and wealthy people. Each of those on the top ten Forbes list get there by doing what they like and have passion in, to be an professional and excel in the best of what they do, simple idea, easily attainable with hard-work and due diligence.

Simply look at the Forbes list, and work towards your passion and nothing else by being positively persistent.

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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.

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February-23-10

Consideration

posted by ryan

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

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

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

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

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

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

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

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

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

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

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

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

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

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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-20-10

Passion

posted by ryan

Passion is a powerful emotion, a feeling or desire, a strong or extravagant fondness and enthusiasm for something. It is the immersed emotion and enthusiasm that allows hobbies to stay alive and keep doing it without expecting anything in return.

Passion is a interest in whatever a person does, be it a job, hobby that he/she does for a living and is so enthusiastic about it that they do not mind working over time, not getting paid for doing what they love.

An example will be to be involved in a relationship, younger teenagers these days get into boy girl relationship for various reasons, of which most are due to immaturity in mindset together with their curiousness on how it feels like to be in one.

Boys go into relationship for pride and ego, not wanting to lose out to their peers, they just want to find a easy partner and do whatever they want with sweet talking a girl into the trap in some cases.

Girls get into relationship to be loved, to seek attention from her partner to compensate for her lack of attention and focus from both her parents.

Don’t believe me? Just look back and think about it. In the passed, boy-girl relationship only starts around sixteen to eighteen years of age for the earliest if not matchmaking for marriage purpose.

Teenagers are able to follow the natural genetics order of growing more mature than look for relationship because they get the attention, care plus love and concern from their parents back than when there was it was still possible for a family to depend on a sole bread winner to support the family.

These days, thanks to competition, both parents have to work hard, less family time together, lack of love, care and concern is the crucial factor leading to boy girl relationship. Just look around the students, those born and blessed with loving parents who pay attention to their kids will not have the need nor want to even get into a relationship because their body, the genes knows that it is not yet the time for romance. Its within everybody in our blood.

Passion can help us to succeed if applied correctly. Artist for example as an occupation is a great example for people to integrate both their passion and art work together as one, so they don’t mind the low pay and lack of exposure from local markets.

Once you identified your own passion, things will get done go smoother for you even if you face obstacles, it will be resolved in a matter of time often it goes away with a new idea that pops up in your mind.

I blog and hang around forums to discuss and share tips in those medias because I enjoy what I am doing without bothered for the returns. When you start giving, you will somehow receive back something, it does not need to be in monetary forms. It can be happiness, sense of satisfaction that just gets you moving and wanting to help more people.

Blogging initially was plainly for a replacement of their personal diary which started few years back, and soon it evolved into a fashion trend and evolved into technology with people jumping in without knowing why they even want to be part of it.

From blogging to micro-blogging with the introduction of Twitter, those doing blogging are considered out-dated. I don’t really care about it, because they are following the trend, exposing their personal lives daily activities to strangers, letting them know of their actions, throwing away their privacy rights which is silly.

Mirco-blogging just to get updated, it is more of a self-expression of our own thoughts than to be silly enough to post pictures, activities that will attract predators to prey on gullible individuals brushing with law.

Passion is the enthusiasm, not a fashion fad but a fashion trend which will go on and on with the right results. Bloggers who had the right thoughts about the origins of it, used blogging to start doing their own business and succeed, of which those featured in newspapers are single young mummies and its something which people should learn from.

Don’t follow others for wanting to be in the bandwagon of crowd not to be left behind. Instead why not think about how to brand and sell yourself? How you can profit from your passion, with the correct advice and guidance, everything is possible as long as you are willing to take a step forward and learn from people who has the related skills and ability to share with you.

Starbucks is so successful today because the CEO is so passionate about offering top quality coffee.

Donald J.Trump is so successful because he enjoys doing what he likes and that is to build properties just like his dad.

Bill Gates is successful because he made his vision into a reality with the help of his mom.

Facebook founder Mark Elliot Zuckerberg started the social media site as his Harvard controversy of the project which started purely just to keep in touch with his classmates.

If you want to be the next successful individual, find coaches and mentors who will guide you along by the hand. I’ve found my mentors, have you found yours yet?

If in doubt about yourself and your passion, fee free to contact me and I’ll get back to you shortly after. Either way, you can leave your comments just right below.

Find your passion and live your life without regrets.

Seek happiness in whatever you’re doing and not to be in misery doing what you detest most just for money.  Passion will lead you to wealth and successful with the right mentor coaching. Work will only lead you to a fraction of money.

Spot the difference identify your own passion and work towards it.

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February-18-10

Freedom

posted by ryan

Freedom is the ability to do anything without being held back by the powers or ability or influence of anyone.

It is the ability to do as we wish without any limitations or obligations.

The older and wiser we grow up with time, the more freedom we seek. Freedom comes with a price, a heavy expensive price.

Expensive price is the reason wealthy and successful businessmen than can have the freedom.

People who are poor are trapped in their own invisible prison they built themselves. Working hard for a job, just getting paid peanuts, benefits being utilized greatly by employers it’s like rearing an elephant that can do so much work but only feeding it the required food and nothing additional beyond their diet.

People travel to break away from their barrier or prison which they built themselves. When they can’t afford for luxury items and expenditure, than will it be of a misery for such people.

When they are not able to fulfill their goals or give up, their determination changes to despair and with that feeling engraved in their mind, they than resort to negative methods to get what they want or they pay more than what they can afford to resulting in crimes and bankruptcy.

What hobbies you like determines the lifestyle you will live. It is similar to a pet owner buying a pet which he/her likes. With time and observation, you will notice that it is not coincidence that a pet owner purchases a pet displaying similar behaviors and habits like their owner. It is like a spoilt brat is all due to the failed upbringing of their parents who failed terribly to discipline and instill proper education to their children.

Look at the older generation of uncles in Singapore, those people who enjoy keeping singing birds in cages, taking them out on weekly basis to an area for singing birds to sing and show off their birds to others, thus making friends, deals of transaction etc. Hobbies to me are not only a simple affair, it is the reflection of your inner desire, the subconscious and your thinking, it has to do with psychology.

If you seek an expensive hobby and have strong desire and urge to realize it, than network and meet up with successful businessmen who can help you achieve your dreams of realizing your expensive hobby. It is only when you speak up your true desire, than your mind will really take it into serious consideration and the natural law of attraction (as shown in The Secrets) will automatically comes to you with opportunities, provided you must grab it tightly.

Only when you hang around with people who have attain such results deem impossible by many, than the odds of success increases and is on your side, because the successful people will not only encourage you, but also give you a helping hand when you show with actions and trust with time and commitment, the delegation to helping yourself first before anything else.

To the successful and wealthy businessmen, anything is possible as long as you work towards your goal whereas for the poor people, everything is impossible and beyond their reach plus the common phrase they always say, don’t be crazy, stop day-dreaming which only put them one more step closer to living with regrets and misery.

Do you want to fly like the eagle in the sky or do you want to craw on the ground like a centipede cutting each others throat for survival? Be magnificent and be admired or be a beautiful poisonous creature that nobody wants to avoid?

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February-15-10

Catalyst

posted by ryan

Catalyst is something which causes a reaction to something and helps speed up the changing process.

It can be either a substance or an event to proceed under different conditions to produce different results.

If you want to succeed, be wealthy; find a catalyst that will help you in your journey. If you don’t have any, let me know, I have lots of different and layman methods to identify more than ten catalysts around you to help you speed up the process of removing the seal on your mind to think positive and work hard but smartly to build wealth and instead of get rich which is only temporary. If you need examples, refer to my previous blog entries, and you should be able to identify some of the catalyst which I have written in previous blog entries.

Once you identify those catalysts which I have mentioned, you will need to convert them into your own catalyst to satisfy your own situation to spur yourself for growth. If you’re clueless, ask, don’t, if you need assistance, ask, I like to ask, and I like to offer help but only to people who are bothered to ask.

There are other steps which is required before a successful reaction can take place, and will require your own cooperation by being honest with yourself. If you are not honest, living in self-denial, nobody, nobody but you can help you.

It all starts with you.

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February-15-10

Substitution

posted by ryan

Substitution is to take the place of a person or an item, to replace the place of something by having a substitute.

Using substitute is a negative habit or mindset thinking that a replacement is just as good, false conscious self-denial thoughts to our mind, replacing inferior quality or less worthy brands for the original brand.

Substitution only happens and is embraced by poor minded people who can accept anything as long as they have something. Wealthy mindset people will however reject and only accept the best they can find without allowing any room for quality drop in terms of service, product or packaging.

Look at the poor, they trying to buy electronic gadgets, latest multi-purpose handphone with camera and mobile computer built in functions wasting their money, keeping up with the fashion fad making themselves only poorer and saving less and less with each increasing month as new products are launched into the market. With new products, poor are getting poorer buying liabilities and not assets.

Look at the wealthy successful people. They purchase property, never sells it, instead they rent it out, collect rents, buy new properties, mortgage it for new property and repaying the mortgage to keep their properties. They sell only assets such as units in a building and not the ownership of the building which they still own the rights to. With a leasehold period, there’s a expiry date to the transaction, so the owner can resell the unit again when the lease term stated in the contract is due. Wealthy people build wealth; they never sell it away making others rich, they just make themselves and help people who help them get rich.

If you want to be wealthy and successful, stop accepting substitution for replacement, insist on the original, and some day you will find yourself to seek for items, assets which you never once looked at.

Learning to say ‘NO’ is a start, mastering the skill of selectively rejection by saying ‘NO’ is the mastery of skill to a wealthy mindset.

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February-14-10

Use

posted by ryan

Use is to employ for some purpose, to take unfair advantage of, to exploit people, animals for their personal gains and benefits.

It is a word for people who are witty but not intelligent who employ such tactics on people who are not as witty as them. Boss will only use employees for their own benefits. Giving employees a market rate pay and keeping most of the advantages to themselves thus there is unjustified

Employers will only exploit employees who are willing parties to overwork and get paid a small sum. In the corporate sector, benchmarking is a bad practice for us the ordinary people for people like you and me to ‘think’ that it is right for us to be paid so a tiny fraction for working so hard. There’s no right and wrong, there is just do you think you deserve to earn more and much more than the others?

If employers are exploiting employees, but only when employees are willing to be exploited and sign by the contract, than it’s a willing party and no blaming should take place at all.

In the world of poor people with poor mentality, it’s more of a dog eat dog society, fighting for the same piece of meat, that’s the world of society from people who are near millionaire but not yet to people who are extremely poor and really is hard up for money to meet daily three meal problems.

In the world of wealthy and successful businessmen filled with billionaires, multi-millionaires and millionaires, it’s like the lions, tigers, cheetahs, jugulars and leopards helping their own species to grow and share food together which makes them king of their own territory.

By working together, growing stronger together is better than cutting and slaughtering each other, growing up weak with lots of scars and flaws so visible to on-lookers.

You are what you think.

It is often said “You reap what you sow” which is wrong. This phrase only applies to people who are being exploited like how farmers exploit cows, bulls for farming etc which is silly and dumb getting satisfied for peanuts.

You should carve this into your mind “You reap much more than what you sow” which is what employers are doing, to have a equal chance of opportunity to get wealthy and successful.

Throw away the wrong education and knowledge which brain-wash us to work like a slave getting peanuts. Put on your thinking cap from now onwards and start to think on how you can reap much more than what you sow to succeed.

If you want to know how to reap much more than what you sow, I have just what you’re looking for, all you need to do is to contact me.

Good luck and build wealth.

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