Ryan Ho's Entrepreneurship Blog

Answer in dictionary terms has different meanings and it can be a reply to a question; a solution to a problem, a response to something or retaliation when faced with opposition or in defense of oneself.

Over the past few weeks of absence with full use of notebooks, time and thoughts set in with more rooms to think.

As I look back, I’m thankful for the natural life cycle of items, objects and even living beings inclusive of animals of all kinds.

During the absence of a own fully operational notebook, there are times whereby I wanted to continue to write out my thoughts via blogging, but is limited to my situation which I’m in with depleting resources inclusive of money, time and health.

Without money, time and health will not be possible. Without money, my path towards entrepreneurship will cease to exist and so I will remain just like another average joe on the streets.

Having ample time off from the notebook (electronic gadgets) has given me another answer which I would otherwise never will come to realize without the aging notebook due to the shelf life of items.

As I read books, thoughts started flying through my mind, at times floating  and even crawling pass my mind. While the ideas and thoughts are constantly changing, the one thing in particular which I was constantly thinking was how to get rich, and being both rich and right at the same time without compromising on my principles needed for my own personal branding..

As days passed..weeks…months..even while I’m working, being employed (though I once said the last time I wanted was to be employed) but I still got to face reality.

The harsh cruel truth of society, money is essential for almost everything. Without it, nothing is possible, but on the hind sight, money still has its limitations.

Searching for answers and the path (formula) required for success, with the advice and comments from my current boss, I learn quite a few helpful tips essential for success and getting rich.

Face the music is what I could sum it up of.

Face the truth, reality, and never ever live in my own desired world or some say fantasy. The right answer is that there is no model answer.

Here’s a food for thought for readers: How to get rich?

You might think there are numerous ways and different scales to doing it. That’s right, there’s no one definite answer to a question or problem.

What works for you might not necessary work for me so the key to success is to ask yourself what kind of parameters and environment do you want to be in and be ready to compromise on certain things which you might not like.

Flexibility is what makes all millionaires and billionaires rich. With the same goal and destination, you just need to search for a terrain suitable for you depending on your working style, preference and personality, work with supportive people and be in a team.

No matter how rich and successful a individual is, the wealth he/she now holds are a collective effort of all the other individuals who are helping those in the limelight contented with what they have

Ask yourself and find the different answers. The truth of the adulthood is that there is no such thing as good or bad, whatever brings in results is considered good. (A far cry from what’s taught in schools, but that’s a cruel fact of life)

Start asking yourself questions and try out different answers. Even if it’s wrong, it is also an answer which you have tried, you just need to identify those suitable answers and assemble them accordingly to make it function and together with a framework, it will than become a formula of your own.

Popularity: 3% [?]

Change is the transformation of a something to another thing. What works in the past may not necessary work in the present.  It is the substitution and replacement as time pass.

Getting updated and following the trends and fads especially when doing business. Businesses are constantly evolving in order to stay ahead and above the competition to remain as the market leader for the more competitive industries.

Businesses that don’t come up with new products will be left behind in the dust before they even know it. Growing up, be it individual from being physically to as an entity of a company, all are constantly changing to meet the demand required of it.

Business owners especially in the fashion are exceptionally updated and must follow the trends else risked being outdated in less than a year as fashion trends become fads shedding its old appeal and living in a new skin like a snake crawling out of its old skin.

People also change every second as we grow; our body goes through the physical and mental changes in different situations we must adapt and blend into what is required of us in the environment to survive in the terrain.

Over the last few weeks of absence from blogging, there are quite a few lessons which I’ve learnt, the most important is change, don’t be resistant to change, and else there will be no new fresh ideas. Change rules and principles if there is a need, being inflexible will increase the frustration and unhappiness thus killing our brain cells and that kills our creativity needed for survival which leads to risking being outdated leading to poverty in worst case scenario.

In the past, I blog from home without work now I blog from office at work. I can say that I’m lucky to be hired and still able to continue doing what I like, internet marketing and more importantly getting paid to do what I like.

Success is guaranteed as long as you don’t give up, sure enough, it’s the truth and I tested it out on myself.

During the past few months, I was work from home, without income, entrepreneurship seems like an uphill task, but after sticking to what I believe in, accepting no other employment except internet marketing, I’ve found this current employment which allows me to use other people’s money and resources to continue whatever I’m doing. In fact, I’m learning new things with regards to internet marketing and learning the differences of internet marketers.

The crucial lesson which I’ve learnt over these past few months about entrepreneurship is that in order to succeed, there must be a continuous stream/source of financial means to support the starting up process so as to create a model which works for respective individuals, and that requires time, effort, creativity and money.

Ignore money, and nothing will be possible. But don’t look at money as extremely important; it is just part of the formula required for success. Have the right principles on money before you think about getting rich. Else should you start on the wrong footing, when you get rich than start learning about money management, it will be too late.

Should you be receiving high income, you will also have difficulty managing your finances, and with not much savings as reported by Straits Time recently as shown in  http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_529522.html That is another topic which I’ll write another day.

Popularity: 3% [?]

Debt is a liability and a obligation to pay for something.

It is created by allowing an individual to use repayment with the intention of using future purchasing finances for a purchase.

It gives both individuals and businesses a alternative and convenience to get they want creating mutual beneficial situations.

The client gets his/her hand on items they want to owe with the use of financing of installment options, allowing clients to buy more with a single source of income spread over the number of months as per stated by the installment agreement.

The banks/businesses will be happy too as they have more sales and profits form the service charged billed to the business operators.

Should the client sign up more installments, the business will be happier, but if it exceeds the client’s threshold/financial capability of repaying, it will turn into debts. Banks will than set into the picture and charge clients an interest for debts incurred on compiling basis monthly.

Having the banks calling up the clients who are now debtors to the bank owing them money is not a pleasant experience nor would anybody want to be in that shoes.

To avoid such situations, it is best to avoid paying in installments, as accidents can happen (touch-wood). When it do happens, sudden lost of income will mean the lost of use of all un-paid items, in the event of inability to repay the banks, items will be auction to recover the repayments of debts.

Failure to repay all liabilities or debts will result in bankruptcy.

It is best to enjoy shopping paying using cash or using debit card or spending with monthly budget so to prevent any unwanted negative debts.

To properly manage debts, one has to know the difference between good and bad debts.

Good debts are mostly used and embraced by the rich individuals or business owners. It happens when they pay for items on installments similar like the majority of clients but with a twist. The only twist is that the rich has another stream of income to supplement, off-set this installment payment and even calculated to profit from the installment as a positive Return On Investment (ROI).

Bad debts are widely used and practiced by individuals and such problems always surface among the poor. They only pay and opt for installment options without additional external sources to offset the repayment scheme and yet keep on increasing their burden of repayment by buying more items on credit without working within their budget or considering if they can afford to pay off the bill thus problems are created in the process.

For better money management and free advice, doing it yourself is the best way possible. Simply using simple add, subtract, multiply and divide to calculate the working budget/income.

Identify all input of money (income, contributions from family/relatives); payments such as insurance, medical policies, monthly expenses for food, transportation and entertainment. Inclusive of amount of money meant for savings and investment and label them as expenses.

So that when you have a clear picture of how much money you have after deducting the necessary expenses and investments and savings which you will not touch, than you will have your working capital or the remaining as your budget to spend on. This way, you will not overspend your money and incur unnecessary debts for nothing.

Spend and plan your money wisely.

Popularity: 5% [?]

Loan is the act of lending, a grant of temporary use of something. It is often associated with financial related as a type of debt, a financial assistance between the lender and borrower.

There is a agreement between the lender and borrower, usually money loaned out with interest charge attached. Banks and Loan-sharks charge interests but what differentiates them is that the former is legal whereas the latter is illegal.

People often seek temporary loans to meet needs before pay-days without interest as it is between trusted friends and family. This is a simple transaction that seems harmless, but should it become a habit, it will reflect a worrisome trend, poor money management which is what majority of the people have.

Using this month’s income to pay for last months bills and expenses billed to them inclusive of their daily general expenses such as food and transportation expenses. The banks being the smart business owners, than introduce credit cards to allow majority of people to by pass this problem of not having sufficient money to spend.

While this credit card solves a temporary solution to the problem, it in fact creates a much bigger problem that is snowballing up in damage and image if not managed wisely.

That problem in particular is the interest incurred during the use of credit cards for overdue loans which has since converted into debts adding to the woes of employees who are the majority without sufficient money cash-flow also known as cash liquidity in accounting terms.

Loan is a double-edge sword, when used correctly, it will help individuals, businesses increase their wealth, cash-flow liquidity, and thus more money earned. But if used wrongly, it will speed up the problems and have it erupted like a volcano with magma flowing up from the source… Magma in this case refers to the snowballing debts compiled and made worse by interests.

The start of the volcano in the making is the lack of proper financial knowledge. What caused the magma to shoot up is the temptation of shopping, advertisements and the urge to keep up with trend and be sociable thus money is spent.

To learn proper financial management skills, it starts from young and in fact, there is no need for professional financial management, all of it boils down to proper understanding and the contribution of experience for people across the globe.

Learning professional financial knowledge management is a skill for use and application in big companies with deep pocket, thus it is like a crash course to educate and impart a complete rookie who knows nothing about financial management to somebody who knows all the crucial and critical pointers as advised by lecturers and professors during the learning.

Either way, the most important route to success is to start off with the proper basics of sound financial management skills.

Are you in a having nasty problems with your money? Simply do a simple chart which calculates your input and output of how your money are spent and you will get a better understanding of where you money is wasted on before coming up with your own plan to better managed your own money.

Money management is important but do not forget it is a double edge sword. Handle with care.

Popularity: 7% [?]

Brand is a symbol, name, slogan or anything that is used to identify and distinguish a specific product, service or business. A business without a brand is like a headless body with no identity.

It is the title; subject who tells the audience, clients and passer-bys what this business, product or service is about. Without a good brand, it will send a wrong signal to the clients affecting the revenue and profit of the business.

If done properly, the business will have brand equity, equity, intangible asset, trademark and many others. It symbolized the quality assurance, reputable, creditable business offering products and services which the customers will trust without a doubt.

It is what separates and distinguish between successful wealthy big businesses versus small scale businesses that do not know how to optimize and leverage on their brand.

Making money is simple, making tons of money is difficult and it boils down to the brand, business strategies and how it intends to sell itself to the market. There’s lots of considerations, but start business off with the right footing, brand yourself, your business, products and services first.

Popularity: 4% [?]

Fun is the process of enjoying something, amusement parks, enjoying the thrill, excitement, suspense and even horror all for the pleasure of fun.

Fun is the term used for kids and teenagers whereas it can be fulfilled easily without much expenditure of money whereas fun in adult perspective is recreations.

Recreation is a refreshment of one’s body and mind meant to be engaging a person in something which is to get involved in physically

While many people wants to have fun, it is best to identify and know exactly if you want to have fun or to enjoy recreation activities.

In my own terms, fun is simply to enjoy whatever you are doing be it physically or mentally engaging activities, as long as you feel happy and like the process of doing it, that is classified as fun.

As for recreation activities, it is a test of mind, body and soul whereby it engages the participant to think and relax in the process. It is used for reducing of stress and more of getting to know what you like and knowing more about yourself with the different kind of activities you get involved in personally.

Depending on the activities, it will tell you your real interest, and getting to know more about yourself if you are lost for directions on your life or purpose etc.

Now matter what you do, you must have fun, but just sufficient fun and do not overdo it.

Sufficient fun in the form of reward and not to play which is already considered overdoing it.

Learning, earning money or doing a hobby/interest can be fun. If you know how to identify the fun element, than ask yourself what can you do to profit from the fun.

Making money is fun especially in business, because when more money is made, happiness is shared and more recreation will be opened up to us with more financial abilities.

Learn to enjoy and have fun and make a lot more money in the process and make everyone happy.

Popularity: 4% [?]

Health is the general condition of a person in all aspects. It is the state of complete physical, mental and social well-being with the absence of disease or infirmity.

Staying in the pink of health is extremely important. Without health, a person cannot work, which leads to lost of income, thus food will be a problem at the end of the day should one day all the savings be used up.

Being ill is nothing positive and with lots of negativity. In fact when a business owner falls ill, depending on the scale of the business, if the business is a multi-national company, any small little details will affect the company reputation, risk of share prices dropping and showing signs of weakness for a competitor to attempt to take over the position.

When health is not good, one should take sufficient time to rest and recover so as not to let it spread or cause people around them to worry which will in turn affect their jobs and morale at work implicating healthy individuals to fall sick.

In the case of a disease or infirmity, when one face such a situation, the patient is having difficulty with his own health while his immediate family members will be suffering too thus when one fall sick, it is not a simple affair but is a family affair already and that is what bonds a family together.

Regardless of you being rich or poor, doing big or small business, health is the first and foremost important element you need to take into consideration to ensure profit in the business.

Money cannot buy health so take good care of your own health as well as your family members’ health.Health is wealth, with a healthy body, nothing can be done.

Popularity: 3% [?]

Ownership is having legal rights of procession; proprietorship. It is to have the exclusive rights and control over property.

It involves multiple rights, from title to intellectual property, distribution rights, translation, print, copy, duplication, recording, transmission in whole or in part in any retrieval system or in any other permission related to the use of a product or property.

Having ownership of a proprietorship is akin to winning and having a money tree bearing fruits of money and increasing the owner’s wealth with deeper pockets.

Example: Having a great story, can be translated into a book, animation, video, drama series and movie or be converted into other mediums of products for instance bookmarks, gifts, clothes, or any other product which can be sold for money.

The world is our limit, as long as we the owners put on our thinking cap, wealth, money and riches will find their own way and crawl onto the owners if you know how to market and generate profits from your own products, knowledge of expertise which is exclusively only available to you yourself only.

There are thousands of ways to get rich, have you found your own method to make it big? Going from rags to riches is a simple but uphill task which is not easy without proper guidance.

Are you having any exclusive knowledge, product or information or idea that could propel you forward towards getting rich? Do you have great ideas but yet are clueless on how to market your ideas nor have any strategy to safeguard your intellectual property to prevent other people from stealing it away from you?

If that is the situation you are in, speak to me and I might be able to offer some advice to you upon request.

Getting rich and be successful is not a lonely journey, in fact you will need business partners and companions who will assist you on the voyage to your destination. It is up to you to decide if you want to win alone or win as a team so as to celebrate success together and share the happiness at the top rather than being alone with no one else by your side to share your joy and happiness.

It is simple but it is not easy. Speak to somebody whom you can trust for advice. See you at the top.

Popularity: 4% [?]

Unity is to be undivided or unbroken completeness. It is the state of being completed as a whole, combining parts into one with the absence of diversity without and having a common goal or focus.

Together as a whole, in quantity, it translates to quality in terms of strength and a force not to be reckon with. Following the updates of Thailand demonstration that has lasted for the past month, it has come to the attention that even military is helpless against the united group of demonstrators.

While the politicians wanted to capture the red shirt leaders, the red shirt demonstrators successful defended their leaders and even assisted in their escape.

Military going up against the civilians might sounds a strange because one side is fully armed for combat while the other party isn’t, but with time and news reports, it have proved that without weapons, and sheer numbers, military can be push over when people come in numbers as reported in news.

It is the cooperation of all individual demonstrators of the red shirts which made the demonstration successful and cause the military helpless plus tourism in Thailand suffered millions losses in terms of revenue. That is a classic example of unity, and power that represents the people, civilians are the boss of the politicians.

Looking at the model of the boss or employment, while it’s true that we work for money, and our boss are paying us income in return for service, the biggest boss which refers to the politicians and governments of every nation still have to listen to their bigger boss who are paying them their income in the form of taxes, which is ordinary civilians.

Upset the real boss, and politicians will have a tough time clearing up the mess. The real power lies in the people, not the politicians, as they are still serving the people.

Politics and government is a people business, the rich politicians have to listen to their real boss the civilians and their requests else they will be forced to leave their post, especially when votes and elections are being made.

Communication and listening to what our clients wants and needs are important if we want to be rich and successful and at the same time earning the respect of our real boss.

Ironic but true.

Popularity: 2% [?]

Friends are people who we are attached to with feelings of affection with friendly relations.

Friends come and go as we grow and age. The fact is that the older we get, we should have come across more friends as compared to previous when we were young, but why is it on the contrary that we were much happier as a child playing with our friends.

Looking at our present self, as adults, is there any body whom you can really consider friends? People who share your both your worries and joy plus the special moments of laughter together.

As a child, we have limited friends, but it is those limited friends but are quality friends whom we can share our joy, happiness and worries bonding together easily without worries for backstabbing, credit stealers, spies or trickery. It is such a pure decent and simple friendship as a child.

Adults literally and technically have less than a handful of people considered to be friends. Who do you speak do when you are lonely at night and cannot sleep? Is there someone who comes to you mind that you want to speak to but is worried if your privacy may be compromised if you share it with your friend who works and have common friends as you?

As we grow, the purpose and desire eventually exceeds our basic need for friendship, thus closing door to communication, and with peer pressure, society pressure for survival, we lose contacts with people whom we once were closed to and become acquaintance.

While I was typing this post, than realized that it is possible to still have friends whom we can trust but only on condition that both parties absolutely have no common friends, thus in this situation, it wil purely be a heart to heart talk, without worries that secrets will be spilled and passed around eventually becoming the gossip topic of the work place or conversion topic among your friends.

Thinking back, as a teenager, it was when I started to understand friends, and starting to know quality friends. Either gender will do, just so as long as he/she is there to companionship, to play, to talk, and go out together.

When I was twelve years old, I got to know a friend in a tuition center with Chinese Development Assistant Council Program at Hong Wen Primary and few months later we met again in the same secondary school and in the same class. It was than at that moment, we both became instant friends at first sight, no questions asked. That best friend relationship lasted only a year plus before it subsides into close friend status.

Soon after another classmate became my best friend, in the same group of friends in the class due to same topic and recreation club but it wasn’t long before being replaced by another person as we both travelled back home on Mass Rapid Train together back after school. While we may share different interest and subjects, but at least we share something in common, the heart to accompany each other in silence without talking. That was when I understand true friendship. Be it happiness or sad, as long as somebody is there for you, no speech, it’s the thought and presence that matters most.

After secondary school, we each went our separate paths, but still remain as close friends despite no longer having any common topic. When I got into polytechnic, it was when I really got to know and make friends with females, on much closer terms as compared to secondary school whereby I do not speak to females other than school work related.

Thankfully I had a good wonderful first year with Republic Poly in Tanglin Campus in both terms with different but wonderful classmates which remind me of my primary school days. Happy without worries or having to worry about no common topic as we all shared the same thing in mind, how to spend the day in class acting intelligent and hardworking but in fact we are just playing games, watching videos online which was fun.

Sharing games, nice videos, food topics and even on how to penalize each other in presentation so as to score high marks for ourselves, but nothing personally, all those penalizing of each other surface and stays only within the classroom, in particular only during presentation time at the question and answer fifth presentation which compromises of five groups followed by sixth presentation (model presentation) by the facilitator.

During poly days, I got to know a person from Friendster in year 2005, and it wasn’t long before I found another true friend who I can speak my mind out, only that this time, that person was a she as compared to previous three times he among the secondary group of friends.

Text messaging each other deep in the night when we had difficulty sleeping if not just wanting somebody to talk to. Thus I would just cycle over and chat before returning back home to sleep. That did not last long either, it spread over two years plus, but technically counting the number of days, its less than a month, but what makes it so memorable was the connection and trust with secrets. Not long after, due to education parted ways. Gap widens like in earlier years in school.

Thinking back, have we ever had any trusted friends as adults to speak to? Seriously at present moment, I cannot think of any. As we each pursue our own dreams, vision, work or education, spreading our wings, walking closer towards the path of loneness and pretending to be friendly to each other to climb higher.

Like-wise in business, at work, while we all desire to find real friends, but in fact it is running away further beyond our reach at the expense of money for survival just to fill our stomach. Adults have little to near zero true friends. Most of the people befriend each other just for a hidden agenda to climb and gain support from colleagues for pay rise and nothing more than it.

Where can I find my next true friend? Or will it forever just be a dream only? Perhaps. .. Another lonely night with nobody to talk to.

Popularity: 4% [?]