Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

June-15-11

Learning

posted by ryan

Learning Pyramid image

Learning is to pick up and modify  new knowledge, skills, values in order to combine any useful information for better decision making in life.

It is a widely practiced and recommended by many professionals, businessmen, educators and even parents.

Yet they are very much limited and restricted by the very education and information that are supposed to help them achieve better results and performance towards success.

There’s a saying “The more you learn, the more you realize what you don’t know” Many people are taught that the more they learn, the higher their possibility of success, but they are blocked by the very fact that they need to apply what they have learn into real life.

Information acquired are meant for get better results in their related field of interest. But majority of the people think that they can have shortcuts by learning all the theory first by studying all the way up to a university before working. That actually creates a stumbling block that restricts them from moving forward.

For highly educated individuals thinks they are well educated, and must be compensated for their qualification, thus unwillingness to work from the basic of entry level occupations meant for the lower or uneducated individuals. Yet the sad but realistic fact is that most people who succeed in making it big are people who are less educated, and it is those who who in turn hiring those much higher educated individuals.

Knowledge and skills are meant people proceed faster and offer convenience to the people who possess them, to help instead of blocking. But not many people actually know how and when to apply their knowledge and turn them into profits and help more people. Thus it is the only few creative businessmen who knows how to utilize their knowledge and expertise to the fullest.

The key to wealth and being rich is to first learn how to utilize the knowledge imparted to individuals and use it to benefit more people in exchange for a profit as long as they comply with the guidelines and rules of doing business.

The people who are rich are successful because they are academic intelligent, but because they are selfless by sharing the information, and repeating do the same instructions until they achieve greater results by accumulating small profit and duplicate it many folds to gather sufficient profit to become wealthy.

That is the simplicity of doing a franchise system. Success if not original, it is nothing more than copying, modeling and improvising to come up with better newer solutions to reduce time, expenses, and increase profitability thus they are rich because they know how to utilize the knowledge, not by blindly keeping it to themselves.

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February-23-10

Consideration

posted by ryan

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

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

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

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

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

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

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

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

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

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

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

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

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

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February-8-10

Positive

posted by ryan

The wealthy and successful businessmen always have a positive mindset. Regardless of what problems, obstacles, and technical issues they face in front of them, businessmen will always have a positive mindset and work towards a solution.

“It takes positive to breed positive and together positivity breeds success,” something which I just thought of as I was writing this blog.

Being positive has got tons of benefits, especially if you want to go from rags to riches, you must equip yourself with a positive mind and constantly hang and network with positive and successful people.  Who you network with will affect the results you produced. If you want to know the results of what will happen to you if you network with the wealthy people, look around and find out more on who are they mixing with, are there a single failure with a negative mindset among those successful businessmen, absolutely NO!! When you even associate yourself with one, the damage is already done, so stay clear and don’t even network with people who have negative or happy mindset.

A life example will be, look at actors actresses, all the media artist hang around media artist, what the chances whereby you can see them are hanging around with average people who are non-media artists with the exception of going out with their family and relatives. In fact, even if you do spot them, what is the percentage of you seeing them frequently, it’s like one in a thousand chances to see media artist on the streets unless they are working.

Each successful individual are successful because he/she hang around and network exchanging ideas, strategies, tips and methods to improve each others weakness to mastering the art of perfection in each other giving positive remarks and comments.

If you want to make a change, start by reading more of my blog, ask questions. Go to libraries to borrow self-improvement books, read, learn and absorb what you find useful and beneficial to you. At times if you can’t find any, than you need to dumb away your negative unproductive thoughts before you can even accept and absorb positive education which is easily available to the public.

It is easily accessible to the public to learn and picked up, but it’s not simple to absorb those free successful education and thinking into our minds. Just look at how many people go to libraries, how many people who read such books make it to the multi-millionaires rank. Little to none, because they can’t absorb what is taught and shared by successful people without first admitting their own learning is flawed and try to learn from the book with their flawed thinking and mindset which will of course produced flawed results.

If you need statistics, ask your friends, how many even bother to read millionaire, multi-millionaires or even billionaire’s books and trillion dollar company strategy books? Not many, nor do they even go to the business section to know that it’s free to the public for borrowing. Do what you need to do & do it!

If you’re not successful, now you should know why and what you need to do to alter the results which you’re getting. You have a choice between positive and negative. What will your option be?

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