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.

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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.

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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.

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Package is a bundle of something usually in small or medium size packed or wrapped in a parcel for delivery. It can also stands for a completed product or fully operational system that is ready to be sold to the clients from the manufacturers to the retail outlets before landing onto the end users.

There are numerous packages bundled up with various business products and services. Package is no longer the same old parcel sent among people via postage. It has now evolved into a whole new package for business, offering a full package by definition is to provide a head to toe one stop solution to the users with any related services that the end user or client will require in attempt to capture and gain the trust and loyalty of a valuable customer encouraging them to return back for their services.

Bundle of services, products of various mediums can be found anywhere and everywhere, big or small there are lots of examples.

Small businesses offer a package in the form of a convenience store also known as “mama shop” in the past which has since largely replaced by convenience stores such as Cheers and 7Eleven franchise outlets offering a one stop retail outlet for general products which we need on daily basis.

Big businesses will provide similar bundle packed services like in a hotel, there are housekeeping, business conference room, social hall, meeting, training room, restaurants, accommodation, swimming and other related facilities to ensure that the customer is satisfied with the range of products and services offered for maximal customer satisfaction.

However, it is not always this way, at times, there will be instances whereby due to some minor error or miscommunication which cause the break in delivering a complete package of services and products due to short of manpower or ill-trained service providers/employees thus resulting in a complaint or silent dissatisfaction causing the client to be a one time client only.

Examples such as in-complete service are as follows: Failure to fulfill services it promised as per advertised (Goldman in the fraud case), trying to cut corners by reducing business expenses with inferior quality product replacements (Toyota acceleration problem)  or in worse case situation, totally omitting a crucial section of the package only to have the client finding out when he/she opens the package up once it is delivered to the end-user (spa business sudden closure without refund/providing services as promised).

Whatever we do, in personal, among friends or with business, it is all about packaging, a package that you offer and sell yourself to your friends, and business partners which are tied up with your creditability, reputation or past track record, branding, efficiency and productivity along with other factors involved. It comes in a package..

Failure to provide a full package will result in loses of reputation and your own brand will be killed in a instant. It is hard to build a brand, but it is extremely simple to tarnish or ruin a brand over night.

Proceed with extreme caution. It determines your success or failure, rich or poor and it depends on what we do in business not only for ourselves but also for the business.

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Battle is the contest of strength and merits of individuals in a hostile engagement in any environment.

It is not simply a fight, instead it consist of many other factors and hopes pin onto that single or group battle of participants where dreams, hopes, dignity, reputation and pride are on the line.

Emerging victorious from a battle with valour is the pride of the winner representing not only himself, and also the coach, people who believe in the contestant/fighter, the same race and even the country he is representing.

When a contestant is selected, he no longer represents himself but represents all the people and is wearing the national flat in a battle. Living the dream and living up to the nation’s reputation, pushing themselves forward at times even if they themselves want to surrender at times.

That is when moral support, motivation, cheers works on the contestant who represents their dreams to push on and fight harder than before the results are announced.

In the technology era, there is no longer the physical battle. Instead it has all switched to the use of media, wanting to emerge as the winner in respective fields to be acknowledge as the global champion without engaging in fights which is also known as politics.

There are two concurrent wars happening in every single country on earth, the war of politics and government fighting on two fronts but using the same soldiers.

The top cabinet ministers are the politicians wanting to establish themselves as the good person helping other nations in need thus they go for bilateral ties and treaties with respective nations with mutual beneficial terms.

On the other hand, the same cabinet ministers are fighting their own battle with the civilians who are their boss and may pass the rights to run the country to another political group if they fail to satisfy their needs which are employment and ensuring everyone gets paid.

This is what I myself view as a losing battle, one person cannot fight on two fronts, moreover they don’t even understand what the external nations wants with their own country and there they are trying to win on both sides and are sinking on both ships with each leg stuck in a ship each, sinking along with them.

What kind of battle are you up against with? Who are your competitors? Are you representing yourself or your parents or even your own organization? What is it that you seek? Before you even have the desire for battle, what is the purpose?

Battle is the same in business, fighting everyday for profits, sales, clients, and with the objective in mind to win and emerge victorious thus growing rich, affluent into big companies and businesses.

Are you rich or in the process of making it? How do you plan to strategically move yourself up there and where are your alliances? Identify all these to increase your odds of success.

If you don’t plan, you plan to fail.

Failure is not a option but a chance to do self-reflection.

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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.

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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.

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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.

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Music is the expression of ideas and emotions using rhythm, melody, harmony, tones and the use of sounds. It is produced by either instruments or living creatures.

It is a form of communication especially useful when a person is lonely or calls for help. Music in different tempos and rhythms are only understood by people within the music industry for their secret communication channel.

It expresses not only the feelings and emotions of either an individual or a group of people, it also brings across the ideas which have fused together with music to another person who understood the language.

While portable music devices and music are downloaded every second and shared over the internet, did anybody question if they themselves the listeners or audience is just listening to music for the seek of keeping up with the trend or is it what they really like?

Looking back, from the age of just radio, to walkman, disc-man, FM receivers, MP3, iPod, mobile phones with storage capabilities for music to palm tops MP4s and subsequently 3G phones which replaced all of the previous products in the market, music has come a long way and transformed in the mediums of how it is being played.

Business evolved, money and profits are made in the process, business owners and clients get rich and poor in the process respectively as both sides are happy with the end results it produces.

Music was once what we listen for relaxation, but as I look around the people in public transport, people are more and more reliant on music as a getaway channel to de-stress. So much so that they are always dependable music, listening if not blasting music into their ears, some which can even, be heard at the end of a single MRT cabin on the other side.

It is a luxury, for relaxation, but over dependence on music will become addictive and trick audience to believe that they themselves are in a tricked believe world of their own. Music accordingly to their own preference, is a reflection of the freedom, and boundaries which each individual seek.

Night clubs, pubs are just a temporary getaway place to relax, but with the portability of audio devices, people over relax themselves to the extent they no longer think correctly, and is showing signs of health complications such as mild deafness, grumpy emotions, inability to control their anger, reluctance to speak and communicate except to smooth themselves in the retreat of blasting music to their ears, jamming up the mind, making themselves in a condition less desirable.

Night clubs is a great place to relax, as it is a once a week, a month kind of places for people to distress, but with the increase stress at work, and at home, patrons are visiting such night spots frequently.

Is it a testimonial of false deception, temporary de-stress and put yourself into danger with intoxication of drinks, drugs and sex; one-night-stands, flings or just for sweet revenge to get back at your partner who is a playboy?

Whatever music you’re listening to right now, ask yourself if it is doing you good or putting you within an arms length from danger itself?

Is music helping you get rich or poor? Why not consider profiting from music instead of listening to music meant for the masses?

The secrets to get rich is to know what you want and need, and not to follow other people’s direction and help business owners fulfill their needs and desire for profit at the expense of your putting yourself in danger at arms length.

Music is be meant to be enjoyed and appreciated but not as a hideout or temporary getaway.

It should not be used as a mean of escaping from reality by blasting music to our ears to trick ourselves that we are happy as long as there is music. It is deceiving and will only do more harm than good.

It is not to be used as a escape from problems, instead, it should be used to help us face the reality as the phrase said: “Be prepared to face the music”.

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Restrain is to hold back, suppress, keep back, limit or to keep something in control. It is this restrain in the form of protection which parents provide to children which greatly suppress and limits the creativity entrepreneurship of children while they are still in the growing.

Children are creativity and can be either a dreamer or visionary depending on the kind of protection restrain which parents provide to their kids.

Poor parents trying their best to meet ends needs will suppress their kids’ dreams, advice and persuade their children to be practical and avoid falling in their mistakes so as to converse and save money for a rainy day thus kids bought up in such a protected environment will naturally be poor.

Poor children were never encouraged to do something on their own, and instead encouraged to follow orders, advices and value experiences from their elders and seniors, living in people’s shadow through out their lives. It is like putting a collar on the neck of their children, while they might think it is for their own good, but in fact it is doing their children and themselves a de-service instead and adding on to their problems and worries as their children grows up.

The poor are getting poorer because children are asking their parents for money, dependent on their parents like a unlimited cash machine thus they are poor.

Rich parents on the other hand will encourage and push their children into the open, let their children make as much mistakes as possible during their childhood and growing years so as to let them learn how to be independent and depend on their own.

Only when mistakes are made by individuals, than will it be appreciated when a senior or elder shares the similar experiences which value adds onto the mistakes, enabling children to grow up smarter, wiser and being street-smart instead of just purely academically smart.

Compare and identify the differences in how the rich and the poor protect their children.

The rich only share their experiences and advices when they meet problems which enrich their learning curves, while the poor teach everything and restrict their self learning, and that is a fatal mistake made by parents globally.

It is easier to control a loose child than to control a loose adult who has the same intelligence and physical strength with parents who are on the losing end. Instead of letting their learn only in adulthood where the mistakes could cost thousands to millions in terms of failed or wrong investment decisions, why not let their growing children learn from mistakes, at least the learning cost is cheap and within parents ability such as form few dollars to just hundreds of dollars for toys, food etc.

If you want the best for your children as they are growing up, than let them learn to stand on their on without assistance, like how babies learn to stand and walk on two legs in just months.

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