Ryan Ho's Entrepreneurship Blog

There is a common saying, failure is the mother of all success.

While many people claim that they know they what failure means, but from the action, and response, it is clear that majority of the individuals do not even know the what the real definition of failure means.

To succeed and win in places where majority of all others have failed, there are a couple of reasons why we all must learn first learn to fail before we succeed.

In business, it is always a route of hardship and it is never easy. Should a individual or business entity always have a smooth journey towards the top, when he/she is faced with a obstacle, than will they understand why it is best to first learn how to fail before winning.

Reason being so is primarily because once the person at the top loses the top position, they will drop all the way downwards to the rock bottom, with no chance of survival. The person or entity at the second position who just took over the first spot, will utilize their own network and connection to block every single opportunity to block a fallen champion from reviving and take back their former glory.

Just look at Tiger Woods, the moment he dropped from his number one spot, to fifth, twentieth position and finally twenty-fifth world ranking than lost his own aura, the fear that most golfers would respect him has literally vanish into thin air. The respect that most golfers had of him gone down the drain, as he is still trying to correct his own swinging style to make improvements and get more birdies, eagle if not hole-in-one hopefully.

While the respect, aura of fear has vanish, the public and the crowd are still following Tiger Woods, as he still possess much more media attention than the other newly crown champions.

From the wife chasing after Woods causing him to get into a car accident, to sex scandals, to knee injuries, all bad times happening one after another, thus causing him to lose momentum, focus and old injury made matter worse..

While most can be prevented, by learning from history, but arrogance has led to his very downfall, and now he is learning to pick up the pieces and learn to be a better man by paying for the consequences in financial compensation to impose a gag order on his wife, his ex sexual partners from talking about it.

This is something that many of us can learn from, is to first fail many times, before we rise all the way to the top, so as not to allow such an incident from happening.

While we still do not know what is the future for Woods himself, all that we can hope for is that he had better find back the old shelf, with the good swing, and learn how to be a better man. It is only that after he apologize, and admit his mistakes, that the crowd is still willing to follow him, giving him a second chance.

Failure is not scary, in fact it is a must go-through experience, only which will it make us a better person. Success is scary, as it creates the illusion of everything is going smoothly, so there’s no contingency plans made, thus it is a long way back up to the top, taking a long time to climb back up.

To win, and attain success, fail first, and fail faster than all other competitors, so in the event competitors fail, we who have already failed, know how to do damage control, minimize the loss to the lowest, and emerge as the winner, just like how the Singapore economy was able to remain competitive and have a stronger currency value and positive outlook when the USA, Europe financial markets are in turmoil.

Thanks to our cabinet ministers and their rich experience of past hardships, experience, and most importantly, learning from history, than are we Singapore able to withstand what many other economies globally are unable to. That is success, and it should be celebrated, but celebrate it in a positive way to serve as a reminder for others not to repeat the same mistakes twice.

In short, to succeed, first you fail. Next if you fail again, learn from your own experience as well as your competitors’ failure and find out why it happened, and turn them into you experience. Next study what causes global failure regarding whatever markets that are connected to our sources of income and come up with back up plans to protect it from the incoming risk.

That should be the reason why failure will only lead us towards success, and not to repeat history to fail again twice in the same area.

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There are many opportunities all over the world in different forms and disguise, we just have to find the right one and capitalize on it.

From business, investment  to even relationship, volunteering work and learning, there are so many opportunities, we all just need to analyze which one is suitable for ourselves and grab hold of it before anybody takes it away from us.

In investment, there are opportunities happening daily in the stocks, forex trading, options, electronic trading funds (ETFs), bonds and many other financial products to invest in, but to find the right opportunity best suited for ourselves requires more than just a basic understanding of how it works.

There are a couple of points in helping to determine if it is right for us based on our resources and information.

First: How much investment capital do we have? The amount of capital determines the amount of returns we’ll be getting.

Second: If we understand what product the investment is all about, the implications, highest and lowest point of value based on historical data and the trading patten, with who are the investors and speculators. Knowing how big the market is, as well as how many competitors there are, if there is high demand, low supply or vice versa, all of which makes a lot of difference in determine the right time to cash in on the investment and when to exit to maximize returns without even incurring any loss in best case scenario.

Third: Knowing, understanding of the market, the related products tied up if not may pose as a contributing factor in supporting the value of the opportunity that reflects the buy-in price of the investment. When the returns on investments meets up to expectations, having knowledge helps in determine the next higher level of playing field that investors must upgrade to, so as to make with less competitors, but those with deeper pockets, ensuring each investor gets a slightly bigger slice of the pie. Capitalize on the news, predicting the potential changes and reactions to the market and adjust the investment portfolio accordingly.

Fourth: Self-reflection is important to determine is we have the expert knowledge to invest or do we outsource it to a professional investor and not a professional employee that are parked in the stationed in property and insurance companies.

The successful investors always buy and earn their way into getting the right connections to maximize their profits by buying the same investments that the experts are eying on.

The poor investors and speculators only listen and trust their funds to professional employees without professional investment strategies nor experience, nor is it their interest in helping clients get rich, rather they are paid for servicing companies’ clients, so they don’t really care if clients profit or loss as they get something like a small percentage service charge on the funds invested with the company.

Fifth: Timing – There is a saying “It is better to be early than to be late. Better to be late than never” which can be applied to literally almost anything and everything. Knowing when to go in and out, at times even to pause and wait for the next cycle of identical pattern the next week.

Once you have a basic understanding of how to access the opportunity that is/are coming in your direction either directly in your face, beside you, or behind you, than come up with your own check list to check if all the conditions are met before you jump into the opportunity and ride with the wave.

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Risk management is to identify, assess and prioritize risk (both positive and negative) followed by coordination of risk in keeping the damage to the lowest possible if it comes as negative, and maximizing opportunities should it be positive to the business or in any event or projects.

In business, there are a couple of ways where a business entity can minimize their business risk. Via modelling after what other industry best practices are doing. Below are a few time tested, proven by large multi national corporations all over the world, used by banks, financial, property and even politicians.

First: Diversification: Spread out the risk, and reduce your own entity’s or individual risk on your name. >> Financial bankers, consultants always recommend clients to buy multiple types of investment products, so that in the event should a particular market collapse, the client still have other positive markets not tied nor linked to the troublesome market, thus able to still collect positive returns on investments.

Second: Using other people’s money: Heavily used by property developers, business owners seeking investors, and franchise business model. This way, the individual has got no fear of failure, with such mindset, he/she will be able to concentrate on what works and profits the growth of the business, and big businesses really encourage such practice.

Third: Deal and transact with only low if not zero risk clients. That is why insurance companies make lots of money, and they reject non-healthy clients with pre-existing illness that will cause a dent in their profitability. Supported and strongly encouraged by government globally due to high taxes from such entities.

Fourth: Liability Protection: Every single profitable business in the world have their own respective terms and conditions, clauses for clients to agree first before engaging their services, so as to state clearly only certain type of risks will be taken responsible, and not for individual clients actions should they try to outsmart the system by taking actions in their own hands, and push responsibility to the business.

Fifth: Work with only well-behaved clients and business partners who would give them long term business and sales. Which is why businesses also have their own private black-listed clients and business contacts list, and they ask for feedback from each other, so as to protect themselves from any potential harm. Identical to the ideology of parents do not want their kids to be anywhere near if not hanging out with bad company.

Sixth: Identify a place, environment whereby you can repeatedly fail without worries that you can never ever stand on your feet again. So that when you fall down, you can still stand back on your feet, walk away without any serious injury. In other words, it means, learn to fail with only resources that you can afford to fail without putting yourself in deep trouble that will put you out of business permanently.

Cost of failure in internet allows individuals to fail anywhere from fifty to thousand times without any serious loss of financial expense. While real life physical business will hurt the owner in a single attempt if their pockets are not deep enough as it cost at least a quarter of a million to be considered having test and run a real business with an outlet and the proper tools, equipment, staffs and rental all factored in with other considerations too.

Seventh: Hire a expert, or consultant to monitor your trial and error process, so that you know what went wrong, and how to correct it, the last thing entrepreneurs want is to keep testing and get no results, no feedback, so even if they found a winning solution, but don’t know what is the formula to eliminate poor practice. Have the expert or consultant to sign a agreement not to copy or use your business secrets in anyway possible unless he works with you, so you know you are well protected and taken care of.

If you are in employment, it is considered one of the safest place whereby individuals can keep on failing without fear of losing their source of income, as they are still paid regularly.

If you are unemployed, allocate and set aside budget for your daily, and monthly expenses, than use remaining available savings, spread out over six months or a couple of years, divide the fund equally and start your business online, this way greatly reducing your expenses yet allowing you to cast a wider presence with the help of internet.

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Failure is the state of inability in meeting or achieving a desired or intended objective for completing a task, role or duty.

While majority if not all man on earth seek success, only a handful out of the six billion plus population on earth are able to achieve their targets set by themselves or by the organization they are working for.

While most people seek only success, and avoid failure, the people who did it, all knows one thing in common, they first have to go through numerous attempts and disappointments, failures before they can succeed.

Yet most people still avoid failure and yet expecting to achieve success in their life time. That may be possible, but only if people blindly follow the formula, step by step without modifying any of the instructions in the process until they succeed.

There are many good business of success practiced by multi-national corporations (MNCs) that share information and have complete transparency that increase their success.

Excellent examples will be of the aviation, health, food sectors, police cooperation on both local and global information exchange. One’s failure helps many other businesses locally and globally so as not to repeat the same mistakes again. Yet many individuals choose not to learn from other people’s experience and follow their own steps in finding their success.

Call it stupid, or foolish, but I believe it is part of living. It is the learning of life itself, how nature will let us learn what is humility and what we can do and cannot do that will only push us forward by force even if we don’t like it. It’s just reality.

Just the picture itself, while we grow older, wiser, climbing the social status ladder is what everybody has being taught, trained, and naturally are already doing. But when they miss a step thanks to a broken step along the ladder, they just retreat back to the previous safer option of waiting at the safest closest step of the highest point one step below the broker step.

While some slightly adventurous individuals will attempt to skip the broken step, and move forward to the next higher step to continue the climb, and a few others may depend on purely their arm strength to continue climbing upwards to get a higher point for clarity and better view at the top with slightly more freedom on the top.

A failure and the different types of reaction to reacting to what the situation calls for determines who is the winner at the end of the task if there is ever a time limit.

But in real life, there’s no limit, we are only limited by the life time which we live, and it is an unknown factor. Over the past few years, I have being testing trying different methods of entrepreneurship to find the success that i know is there, yet it is so near yet so far. Four times of lost opportunity and failure is sufficient to tell me to learn and stick to the very basics.

As much as how talented I know I am in direct selling, customer service and internet marketing in providing and sporting problems from the root of the cause almost immediately used by individuals and in businesses in every day application, it is useless without person or a company who will give a chance for the talents to use their skills.

Being talented with eye for details at first look is not doubt good, but that has made me to become stubborn and in flexible which i have come to terms with by now.  That is the humility that life has taught me, that failure is a very helpful teacher itself although the results failure throws in your face is not pleasant, but it will help us grow better.

The methods I have used to date all give me a identical result which is no result nor profit if i continue doing it the way it is. Times have come and requires me to change the way i do things if I want to succeed.

Last time, i work myself all these years, depending on my limited savings, hoping to create products for profit, which proved to be fruitless. Now it’s time for a change..another trial and error..as i rejoin the ranks of employee..at least working, earning money for the next few years perhaps while I put reduce the entrepreneur priority and save more money so in future, I have sufficient money at my disposal when a opportunity comes my way.

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Threats is an act of pressuring to elicit a negative response towards something in a form of loss over something during the process. It is also an expression of intent to inflict pain or damage in anyway possible.

It is a act that may work from time to time and depending on situations, but in most cases, it does not work in majority of the situations especially if used on strong opponents and people who are giving and supporting them to whatever status and authority they may be holding as representative of the people or the country.

Following are a few examples that the have either appeared in news papers if not on global news reports over threats from political and country of super-power.

First up is Malaysia Prime Minister Najib Raza who have threaten the local Malaysian Chinese voters to vote not to vote against the local Malaysia Party in order not to be in a situation where their Chinese interests are not looked after. A threat to the Chinese Population in Malaysia that holds around twenty-plus percent of the population. But that has pretty much being ignored, based on my personal point of view.

Just looking back at the number of successful Chinese Malaysian in Malaysia, and the answer is obvious. Compare it against those Chinese Malaysians who gain popularity and success by becoming a singer and selling their albums in Singapore, Taiwan showing that little effort has being done to help the Malaysian Chinese community.

Next up is most recent, with Minister Mentor Lee Kuan Yew warning the Singaporean voters not to work for the opposition or they may have to spend the next five years to repent on their actions. Apparently, it seems from the election results, the warning fell on deaf ears. Following which was primarily due to the lack of engagement with the ground level citizens who are casting their votes.That may have sparked a resentment against the dominant political party namely PAP causing its defeat in the first ever GRC loss over Aljunied. News articles reports said it’s also partially due to their arrogance.

Actually, the party has already acknowledge their own problems but are just in their own denial to admit their mistakes, only following in the mid-process of election than to apologize, a step too late. Had it not for the consistent strong candidates recruited by Workers Party with proven track record, the People’s Action Party (PAP) might have a simple win, but since problems still remain, it is up to the voters to give the opposition a chance to prove their worth.

Which clearly reflects on the election results. With a complete wipe out of opposition except for Workers Party, it seems clear to us based on statistics that is gradually losing their votes count to the oppositions from past high vote percentage of over seventy percent to most recent election of only sixty plus percent.. That calls for a immediate soul-searching and reflection, which they did, but only it looks and seems clear, to be beautify the process only.

Much has to be seen on how the Workers Party proof their worth in five years time to determine if they retain, expand, or suffer deduction in Parliament seats.  Time will tell, for results will prevail.

This is similar if not identical to another example in the Formula One racing industry. Michael Schumacher, previous seven time world-champion has decided to retire for good, over reasons that it is now beyond his capabilities to win the race for the new young racers have upped their skills to which Michael Schumacher is unable to catch up to date. Such is a example of losing touch, and knowledge of the actual competitive segment.  People who have lost touch cannot find their way back in to basics after numerous at the top, retiring, having gotten comfortable with the high position.

Last but not the least is USA against China following the China race to arm itself stronger amidst the first ever operational aircraft carrier posting as a huge threat to USA dominance in power. As the threats previously given out from USA failed to work both on political and economical arenas, USA only than soften its approach and increase their priority in hold state discussions with China for cooperation and exchanging terms to each other in order to cash in on China’s growing affluent population to tap on their growing GDP.

USA only learn their lessons following the lost of Google when USA Politician Hillary Clinton stepping in demanding for transparent censorship law for their Google representing USA in China for fair competition that went on deaf ears. Learning on that lesson, it has no choice but to learn to accept China as the next growing super-power, for the host will reject any offender if they force their way in. Google along with USA learned it the hard way that they cannot demand for stuffs in ask China to bend the rules to USA advantage.

Actually there’s much to be learn from this incident, and it even dates back to many previous war periods which we can learn from. Before USA was considered a super-power, Japan, Greece, Romans, Germany, Russia all have once being in the shoes of being the dominant super-power country of their respective periods. Their own downfall was primarily due to arrogance, greed, refusal to accept change, over-estimating their abilities to apply same strategies on which ever countries they won via war victories that failed, when they failed to win the hearts of the locals. Thus giving room and growth opportunity to the next super power country that choose to take the leader position.

All of which comes to the respect, mutual benefits, room for growth, coordination and humility. Europe was once considered a super nation compromising of different continents before USA overtook their position. Learning from the lesson, Europe than learn to be humble and accept other races, religion and freedom, which is why there’s growth and excellence in the arts education, especially in Music, no colored lens towards people of different skin color, race nor religion, as opposed to USA which still practice such discrimination that is built in their culture and upbringing.

Even in Japan, during WWI & WWII, Japanese soldiers thought their own race and skin color was the best, even looking down on fellow yellow skin people in Asia, let alone those white skin race in other USA. Following their defeat in WWII with the help of two atomic bombs, they are than forced to acknowledge and accept that they are no in any way superior to any other countries, have limited and minimal military force as punishment for their brutality in both wars. Only which, they learn to be humble and accept all races and now able to hold their heads high as they work and fit in with the environment no matter how it changes and they will adapt accordingly, even if disasters strikes.

With every lost, comes the lesson to reflect and repent for their past actions, those will fail to reflect on their mistakes will only rot and wit away as others over take them when the time is ripe, opportunity cost is at their best and lowest casualty losses etc.

In a nut-shell, the next time you experience threats, just take it in your stride and move on. Only those who fail to capture the hearts of people winning the support will resort to such means to get the results they seek. Just be patient, wait for the right opportunity, and spot the weakness of your competitors and turn them into your strengths to emerge victorious. Only the weak will bow down to threats.

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Irony is a rhetoric device, a language and technique speaker use to the convey to the listener or reader a meaning with a goal persuading him or her towards considering a topic from a different perspective as written in Wikipedia.

The goal of rhetoric is to persuade towards a particular frame of view or a particular course of action, so appropriate rhetorical devices are used to construct sentences designed both to make the audience receptive through emotional changes and to provide a rational argument for the frame of view or course of action.

There are many examples of ironic life activities with the intention of promoting the crowd of people/clients into agreeing and patronizing their business and services with the use of rhetoric device to persuade via convincing prospective clients into buying their products and services. Looking deeper, beyond their sales pitch, presentation and agenda, it is clear that there are many businesses that are employing such strategy to increase their sales and profits with or without their knowledge that they are using such a strategy.

Examples are as follows:

1. The use of modern drugs, surgeries prescribed, and recommended by hospitals, clinics respectively are actually in fact to the benefit of the employees, business investors, shareholders at the expense of the patients.

It is general knowledge that all drugs have side effects, thus they are not recommended to take in large doses. Nor are surgeries guaranteed to help patients get rid of whatever illness that requires a surgery, doctors capitalizing on patients lack of knowledge, thus promoting instant quick fix and protecting themselves with legal document against any resurface of illness and against any guarantee that the illness has completely being eliminated. So either way, doctors, business investors of such health practice profits.

With more medicine (synthetic drugs) made of chemicals that only weakens the body, long term dependence on such drugs make the problem worse, thus the business grows.

Why not consider Traditional Chinese Medicine (TCM) with over five thousand years of history, look at the organization running the business, are they anywhere near as rich as hospitals in any parts of the world? No they are not in anyway near their wealth nor profits. Reason is simple, they care for the interest for their patients and making only a modest,minimum margin on the products (herbs) without the intention to have their patients being over dependence on TCM, that’s real moral and ethical business operations with lots of integrity.

2. Financial organizations promoting investment projects, portfolio for potential clients to invest in to grow their wealth. But yet banks themselves don’t invest in the very projects that they recommend to their very own clients.

Is it foolish or is it plain stupidity that clients who trust their money with banks recommended choice of investments are never able to earn on similar percentage of that banks gets on return on investments. Banks are using clients money to grow their wealth and protecting themselves against any potential scam or loss on investment with legal documents, again as usual captializing on clients lack of knowledge.

Organizations on the other hand depend on smart and talented individuals to spot opportunities to grow the portfolio, and run risk of employees running away with scams, frauds at the business expanses, a fact of crimes (both big and small cases) that never fails to be reported globally of new cases annually.

3. Businesses all over the world has this common saying: If it ain’t broken, don’t fix it. Why would they want to say this and constant remind people, who are their clients, solely because of maintain and encouraging clients loyalty to the business for their own profits and interest.

Yet it is a fact that every single person living in a modern society knows that we must keep up growing, get more pay, improve our own living conditions. That translates to always improve and fix any unbroken parts for better performance and efficiency. Yet some people will wonder, why is there such a saying like that?

Over time, i come to realize that it is a strategy used by business owners, investors to persuade potential clients/partners from turning against them, the only reason that saying is regularly used in advertisements, are indirectly saying, continue using whatever products you are still in your procession and don’t switch to other brands. This way, it becomes clear that the saying is to fight of potential competition that will threaten their profits and market share.

4. Employment. It is widely practiced and strongly recommended by every single country globally to find a job and work than retire. But looking deeper, do we get better pay, regular salary increment on yearly basis? No, it is not always true especially in those employees hired in the private sector primarily the food and beverage industry, tourism, customer service niches.

Occupations that does not help grow the business often are not given salary increase, the only time they increase are probably to to competition for talented employees, if not forced upon by respective governments governing the countries to fight against inflation. Again, there is a saying, work hard, save money and retire to live a happy life after which. But look at present times, Singapore is no longer encouraging retirement, it is out of the government’s dictionary for good, it’s more like work until you can’t work. All the benefits of a low unemployment only adds up to the yearly salary increase of the government politicians, ministers, parliament members etc. Are we working towards a happier life or are we working so hard just to serve only the top people enjoying the fruits of our labour at our own expense.

Done with the examples, now that its time to put on a thinking cap and help each other succeed, only by helping others, you are helping yourself. A similarity within the differences in the examples that I have talked about in the above four examples.

The society is full of lies and deception meant to keep us the way we are so as to profit at our expense, the only way to outsmart them is to learn what tricks they are up to.

Moving forward, employment isn’t the way out. Entrepreneurship is the only way out. As businesses help to provide value and convenience to the clients who in return pay for the products and services that will help respective clients earn more money, have better standards of living..that’s what the whole world should work towards in fact, and at the same time promoting peace, mutual understanding, sharing and coexist together for a sustainable future.

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Taking action is one of the simplest thing to do, but in a business, there’s a saying that goes by this: “If you fail to plan, you plan to fail.”

Thus many people who may have heard of this old saying end up in the planning stage, and never took action, until one day they realize that its too late, and somebody else came up with the similar if not identical solution, and off goes the opportunity that comes along with it to the first person who took action by executing a task on hand.

In the past, i didn’t really understand the importance of Fire, Aim, Ready as told to me by my mentor, but after my third attempt of using Aim, Ready, Fire, it has come to my understanding that this strategy doesn’t works at least in the situations of SMEs aka small medium enterprises for they will always be not ready due to lack of financial funds and cash flow to fight with the big competitors with whatever resources they have, and the luxury of time at there expense to think, plan whatsoever, as reputation, and creditability is what they already have as their ammunition to fend off competitors.

Being small, i after my 3rd attempt of using a strategy that failed to work, it’s time to adopt and carry out the seemingly simple yet critical advice that I didn’t really realize how important it is until my cash flow to keep myself and my entrepreneurial dreams alive and running at a dangerously low level.

Following which, I’ll just do what I can to take any action, slowly  but surely climb my way up and built on my portfolio, reputation, creditability to play with the big boys who can have the luxury of time to plan before execution of task.

Speaking of which, i just realized that even competitors of big scale also didn’t take a long time to plan, they too set a time limit before the execution and carrying out any task on hand so as not to drag and delay any ongoing, incoming or outgoing task that is in the process of completion.

Moving on, with the next fund injection by the govt on the first of may this coming month, a move made before the election as political sweetener, I’ll be careful to use the funds slowly with clear budgeting to put it for good use instead of waiting for it to run dry one day.

Having said my point, it leaves me with a summary and a lesson that I will probably remember always: “You are never ready, you just need to keep moving on and be make preparations while on the move.” – That how we all should, and it is exactly the same way on how the countries, national security, even natural environment, nature is revolving, moving forward.

Nobody is ever prepared, we just need to keep moving ahead and strengthen ourselves with every second that passed by. That is what i believe to be the simplest yet most overlooked primary reason that leads to either success or failure in life, business or even in relationship. We just have to keep on moving ahead.

“Are you green and growing or ripe and rotting?” – Ray Kroc

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Remodeling is a frequently used strategy in business, especially when it cones to attaining success.

It is different from copying that only duplicates and kills any potential deal to the copycat of its creditability nor originality.

Just like models undergoing training, all must go through the basic training for posture, etiquette, question, walking, make-up, exercise fitness, and food information to help them stay in shape. But to stand out, they need to get into the limelight by being slightly different from the rest of their peers from the same batch of models in every new batch to clinch more deals etc.

Just like the picture above, the model is also using her curves (figure) in a photo shoot, but this time, the model did not deliberately use her boobs nor hips as a sex appeal to steal the limelight, but instead capitalizing on her tattoos, with curvy figure to complement as a backdrop (contrast) to be unique that is vital to succeed.

To succeed, one must clearly differentiate and identify the both similarity and differences between these two words that are taught in academic education but not emphasis on for they the education providers know little to nothing about the importance of these two words and how they can help anybody success regardless of the academic qualification in the business industry against employment.

Copying is to direct duplicate every single process, steps, thinking to create an identical copy, whereas remodeling is the process of selective copying, in the process taking only the pros, subtracting the cons, bearing in mind what is not workable so as not to repeat their previous model that’s already giving problems.

Most businesses in fact are just a chip of the old block, taking with them new ideas, strategies, and new creative steps to innovate, and increase productivity of the business when the previous employer refuse to change, than forcing a passionate employee who than before the his/her ex-employer’s future competitor.

Copying is a vital skill yet not taught in academic qualification, in fact it is being penalized, but yet in the working class and in the society, even in business projects, advertising campaigns, one can easily spot similarities among past winning advertising campaigns and projects so to speak.

Yet to successfully copy without blindly copying the disadvantage of the business model is a skill that nobody will teach, except in the sales industry, for they are after a common goal, to make money and grow their wealth, thus that’s the only way whereby anybody can learn the skills to copy.

It is somewhat similar to copywriting, but with slight difference in the mode of application.

But to learn and master the secrets of remodeling, it requires more than skill, it’s a combination of selective learning, knowing our own focus, goals in life, and the mental ability not to be disrupted by honey and other attractions in the process for a comfort zone which will ruin our own individual changes of success at copying a existing model that is working fine and creating successful figures and results.

Yet there is another element of integrity involved in remodeling, the ethics of doing business, not to steal any confidential information, clients from former company, helping ex company grow if possible with your new business, to thank your ex employer for giving you the opportunity to learn the trait. That’s is what separates the real successful individuals, business owners from the copycat business owners who are in only for the short term.

Those are what i personally is using in copying the secrets of the direct sales model successfully, and is currently looking for a company that are interested to leverage on what I’ve learn over the years of examining different companies and dissecting the information in a single appointment. It requires lots of practice but it’s a skill that must be learned if you were to think long term.

That’s the real shortcut to success, but nonetheless, hard work and passion must be the basic criteria before anyone attempts to use this remodeling formula, for it requires sharp hindsight, observation and analytic  skills to decipher the business model of any niche.

Love what you are doing, and you will excel.

Hate and force your way in, and you will bleed to a gradual failure without you even realizing it.

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There are an abundance of opportunities everywhere, every second and every minute.

Opportunities are anywhere and everywhere, to take advantage of the opportunities,  an individual must be well prepared, as it is a chance for only the deserving individuals to succeed.

Once the opportunity window has shifted or moved, than we must wait for another slot of window to open before we can have a chance to display our strengths, values, products and services to a secure a business deal, transaction or even finding sponsors or be part of a team.

It is not what you promise to deliver that gives you a shot at the opportunity, but rather what have you already done in the past and present to get you where you want when an window of opportunity comes along.

Just like the Formula One race official volunteerism chance came, I took a shot, yet was informed that I didn’t make it despite my couple of years helping out as a volunteer, perhaps it’s due to not relevant with many other volunteers able to meet the criteria thus they slots goes to them.

To me, it made me have some reflections, while I know I’m not qualified for the time being, at least I know I need to increase my experience in volunteering to gain a slot in Formula One grand prix race official the next year and considered the last and final year of SingTel Grand Prix in Singapore before any new discussions surfaced to selected the new Formula One title sponsor to replace SingTel.

It is just a matter of time, experience before I gain a slot to be the race official. Hopefully, I can bring more skills and expertise to the table next year for the submission.

Opportunity is only given to those who are well-prepared, thus only the rich get richer, because they are well-educated, knowledgeable and knows how to take maximal advantages of whatever advantages that comes along.

By utilizing their connections, networks, reputation, creditability, it increases their chances of squeezing maximal value out of the single window of opportunity.

For the rest who are less knowledgeable, with less contacts, creditability etc, they might need to tag along and follow closely to those who are leaders in whatever niche they want to succeed in and reap the fruits of shared labour.

Here’s a opportunity for all entrepreneurs in Singapore and that’s a good news for all aspiring business owners. If you have always wanted to start your own business in Singapore, be it home based or in a retail outlet etc, better do it in year 2011.

Reasons are as follows:

1.     Government has announced to have tax rebate of $2000 for the year 2011 only, a sweetener for SMEs (small medium enterprises) to gather more votes to vote for them in the coming elections 20112 as announced in Singapore Budget 2011.

2.     To maximize the full $2000 in 2011 tax rebate, you just need to make sure that your business does not earn incomes beyond $120,715 in combined annual sales income. (I think should be gross income for tax purpose)

3.     Your business cycle must end on Dec 31 2011 for full advantage of the tax rebate

4.     Since its catered for SMEs which accounts for nearly 95% of the SMEs falling into this category, it means huge savings, thus more so for aspiring entrepreneurs and business owners.

5.     If you can’t make money from a business with this tax rebate this year, what makes you think you can make more money without the tax rebate in future?

In a nut-shell: How prepared are you for the next opportunity that comes your way?

Popularity: 2% [?]

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

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

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

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

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

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

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

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

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

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

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

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

Popularity: 1% [?]