Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

April-19-11

Remodeling

posted by ryan

Model Post

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.

Popularity: 1% [?]

April-3-11

Vigilance

posted by ryan

Vigilance Picture

Vigilance in dictionary terms is to have a sustained attention over long period of time.

In modern days, where employment, job security, plentiful food at our disposal,  man have eventually evolved into a state of laziness to such there’s a lack of natural alertness in majority of individuals these days.

From being alert to problems and solving it by ourselves in the back old days (centuries ago), man today has largely involved into easy preys if man were all to be placed and live on their own in the jungle or forest at the mercy of the animals out in the wild.

Reason being so is primarily due to the contentment with the government, security from lack of predators for our lives, thus we fall into a sense of comfort zone refusing to utilize our natural assets namely our brain, using wits to solve problems. Instead, we turn to officials, politicians, security personnel to solve our problem when we can easily solve it on our own if we just work together.

Simple things like a theft, can be easily avoided by simply concealing if not hide the valuables, jewelery from view that only encourage crimes to take place. if it’s in the wild, like how the animals search for food, once they successfully hunt and killed it, they will either hide it, and prepare for rainy days, else take a few quick bites before keeping it at a safe place from other animals who will find an opportunity to  snatch away the food. Just like cheetah trying to keep the kill away from lions, hyenas and vultures.

In the urban environment/habitat, while such animals are kept out of man’s reach and harm, there are however other preys and predators, namely man hunting on man, just that it’s in a different setting. Whereby the rich profits from the poor, sometimes, if not majority capitalizing on the gullible, naive employees like how loan-sharks squeeze their debtors dry. The only difference is that business owners, investors conceal and camouflage their  killing/hunting strategies to themselves so as to maintain and hold off any potential impending predators wanting to get a slice of the market where the money is.

One such example that’s happening every day is in the property, insurance, banking and other sales industries. Every year, globally, news articles reports of scams, frauds, business bankruptcies are all signs and tell-tale signs of modern urban war unknown to majority of the people. Failure to be aware of the urban warfare and struggle for food (money) will ultimately lead to more people going broke and end up in debts.

Even another sector/area that majority if not all (except for the health professionals) will over-look falls into taking care of their own health. Failure to do so, results in lost of income with immediate effect, so health should always be the top priority.

Being aware of our surroundings, and know the risk involved in signing any contracts for sales of anything from small gadgets to credit card, bank loans and even loan guarantors will help individuals avoid the falling into the hands of the mercenaries.

Learning the rules, skills to navigate the modern war in urban habitat will increase the odds of oneself in gaining advantage to fight against the percentage of going broke being an employee.

Popularity: 1% [?]

March-6-11

Survival

posted by ryan

Survival is the best bet against anything in the world.

Having watched documentary of the week: Surviving Disaster – Avalanche, it gave me new insights and reminder to on survival and the basic guidelines and principles to live. Linking it up with what I myself experienced on my progress in Entrepreneurship, it gave me a actual blueprint on surviving the hardships of entrepreneurship.

I’ll just summarized what i’ve just learned and convert it to make it business-proof.

In an ski trip with an injured ski-mate with a open bone fracture, and with a handful of team mates, with night approaching, the best bet is to set up a snow cave to spend the night waiting for day light before attempting to find help.

Check for any injuries, in this case, it’s a open bone fracture, cover the open wound with clean cloth to prevent infection, without pressing on the bone, put it on top of it, break the ski stick in the correct length and tie the leg tight against the sticks to prevent anymore movement. Lay person on a ski board, move injured head downwards with leg on top. So in event of hitting an object, wound will not incur any additional damage, with head protected by helmet. With sun setting, it’s time to build a snow cave for the night.

Snow Cave

The snow cave allows all ski members a safety cover from the elements, shelter from the wind (which speed up heat lost), allows members to stay together to have the warm air in the cave stay there while the cold air drops to the entrance.

Once the cave is built, immediately move the injured team mate inside, as motionless individual stand greater chance of hypothermia. Lay the injured person on the, while other ski members take turns to take care of each other. Giving the injured as much food as possible to encourage more heat generated, but don’t let injured drink alcohol which speeds up hypothermia. One person in-charge of the injured, another in-charge of keeping the entrance partial open for air to come in, the other one to check for every team member’s health status (preventing death sleep in the cold), and rotate duties every hour.

Next day comes, day-break, leave behind the slowest team mate to take care of the injured in the snow cave while the rest seek help.Member staying behind uses urine and ski board to mark a clear X (cross) sign on the top of the mountain while the rest find help (instead of all waiting to die).

In the process, downwards, they faced an avalanche, 2 team mates trapped in it. Using avalanche survival kit to track (20 yards effective radius) members trapped under the snow and dig them out of it before they die of suffocation and hypothermia. Moving in a zig-zag direction to cover the whole distance of the avalanche path.

Upon finding trapped member, dig up, and wait for help, use binoculars to reflect light to the helicopter, and create a landing zone (L.Z) preferrably on a flat surface. Wait for the search and rescue dogs to search for team mate who’s survival kit was not placed with him, and instead a bag further putting oneself in danger.

Than inform the rescue team about the injured at the top of the mountain.

Now for the entrepreneur conversion. The food is the important fuel that allows members to live, in business wise, minimal food to fill our stomach.

Put aside emotions, which is vital for wealth creation, follow and obey leaders who can grow money, not reduce it.

Follow all basic ethics and the laws to observe discipline, so you will not have your efforts gone down the drain one day when you’re caught for any crime.

The snow cave refers to a shelter over our head as a protection.

Team members: Select only a handful who will not put you at more risk. Example: spilling your business secrets/strategies, waste your resources, burn bridges of trust, creditability and reputation critical for success.

Search and rescue team refers to new sources of income when your financial reserves are depleting fast. Seeking help is not a sign of failure, it is to live to die another day.

Proper medical, survival knowledge with experienced leader: Vital in a process, to tell exactly what’s happening, what will happen and how to minimize risk of failure and look out for safety.

PS: In ski, dangers are bears, elements of cold, but in business, it’s the eagles and vultures, seasoned players who gradually/openly steal your strategies, food, business partners, networks and turn them against you!

So weigh your own skills set, financial reserves, networks, expertise, knowledge and flexibility to adapt to new changes, such as temporary going back to employment to first solve the fundamental money issue before you resume your entrepreneurship.

Last but not the least, be damn aware of your own surroundings, keep your strategies and wealth generation sources to yourself. In the absence of team mates, depend on yourself and your own resources.

Never ever give in to opposition of your family and love ones (that’s logical) knowing they will want to be in the rats race suffering together for a short-term most risky employment without any job security.

Popularity: 1% [?]

March-3-11

Reading

posted by ryan

Reading is the fastest, smartest, cost-effective strategy to boost our own knowledge and wisdom of employing different strategies in life.

Since i started reading self-improvement books and business related books couple of years back..I realized that there’s so much of an abundance of wealth and knowledge in books stored in libraries which does not cost a single penny to assess such information written by successful businessmen like Donald Trump, along with many other people.

How much we learn and absorb from the contents of the books depends on our own respective experience and exposure in life, at work and daily interaction with business operations and clients (people).

Knowing the theory will help a little, but having gone though the ordeal/experience of a worse case scenerio and re-reading similar incidents case studies mentioned in such books than will boost our acceptance, understanding and applying counter-measures in future to prevent a repeat of same mistake from happening twice.

It is a common knowledge that might have being forgotten due to the influx and fashion trend lead by information and technology for the fun and entertainment aspects..but for those individuals who are serious and sincere in amazing wealth (not money)…you better start reading..don’t depend on such technology gadgets, unless you’re making money from it. Else just ignore it.

Regardless of how technology evolve with times, reading is essential in personal development, learning history so as not to repeat the same mistakes made by our early generations. More soever in the financial, property, technology, commodities sector. In order not to repeat and face global crisis that makes lives miserable for the masses.

Popularity: 1% [?]

April-23-10

Battle

posted by ryan

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.

Popularity: 3% [?]

March-8-10

Succession

posted by ryan

Succession is the order or line of those entitles to succeed one another, whereby assets and liabilities are inherited and passed on to the next successor.

Business requires successor so as to further expand the business for continuous growth into millions, billions and even trillions worth of business entity.

In order to do so, a succession plan and course of action has to be put in place before the problem even surface. Planning strategies are the surest and best way to allow the system to be in a prime position to become the next supreme leader in any arena for growth.

It also takes place in families whereby assets are frequently argued and snatched among family members when a elder family member is about to leave. Than the liabilities which often come with health care etc usually gets pushed and kicked around like a soccer ball to one another.

If you have experiences of such events and happens to be part of the process, you will understand why the wealthy and successful people are who they are today whereas the poor only take the assets and kick away the liabilities.

It is their reluctance to learn how the liabilities became a issue and solve it like a bomb disposal squad thus in future there will not be any impending bombs of liabilities growing without your knowledge.

That’s the benefits of absorbing liabilities; learning from other people’s mistakes is the best way to cut short our learning curves.

Popularity: 1% [?]

February-23-10

Steel

posted by ryan

Steel is made up of Iron and Copper, with different treatments; it translates to different toughness of steel depending on the purpose it is manufactured for.

It has many properties and benefits and most importantly it is recyclable, flexible enough to be made into anything, from cars, to bridges, buildings vessels air planes, all requires steel. Without the invention and mass application of steel into daily lives, it will not be possible to even talk about profits and wealth.

Having watched documentary which talked about steel thus the topic for today, are you tough enough like the steel? Do you have what it takes to have balls of steel?

In business, entrepreneurship, it’s all about profits, money, wealth and flexibility. In manufacturing business, it is all about the steel first which allows countries to prosper, war to be made safer with the use of high grade steel in armored vehicles. It is used in the core frame of our daily lives.

Earth is running out of steel, and has estimated of only twenty-seven billion tons of steel left thus recycling of steel started eighty years ago due to shortage of steel. With the shortage of steel, manufactures are taking substitutes and mining the components out to made steel from hematite as a substitution.

Like wise in business, if we want to profit, we must learn to be like the steel, with so many properties and benefits of the steel, suitable for all types of use, under the process of heat treatment, water cooling, heating again, tampering followed by welding to form into different grades of steel.

If we want to profit and be wealthy, we need to learn to bend it like steel, the properties of steel under the processing treatment, use strategies and reuse skills which can be applied to any business, platform to increase profits. To have the balls of steel, we first need to have guts to choose our own path, stick it out till we make it there.

Ask yourself what is your passion, what choices do you have, what skills do you currently possess, and what additional skills do you seek to learn and apply?

For entrepreneurship to take place, flexibility is crucial, embracing change and keeping up with times is important, but sticking to the basics and your true talents is the best choice and decision you will ever make.

The lifestyle you will lead depends only and solely on the type of employment you are in, the passion which you have in your heart. If you are unhappy with your employment, have no passion for anything, than it’s time for a change, if you want to, else remain happy and be contented to have a stable employment with fixed income.

Just do what you like, but ask yourself if that’s really and truly the life you desire.  It is better to die trying than to die regretting.

Popularity: 1% [?]

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

Popularity: 1% [?]

February-14-10

Leverage

posted by ryan

Leverage is the use of a lever for advantage over something by using lesser effort. It is to use a small initial investment to gain a high advantage in relation to one’s investment, and to reduce one’s own liability for any loss. It is creates a win-win situation for both parties. If it’s a group investment, it will benefit all of the participants and getting a fair compensation at both sides.

Wealthy people always leverage do helping their partners to earn more wealth together, but the rich people always and only will use people exploiting them for maximal advantage for their person gains.

To succeed and generate wealth instead of money, hang around and get to network with people who are most willing to help people who are willing to be help. Gentle reminder, to succeed and hang around with such people, if you have any hidden agenda or want to steal their business secrets and strategies, you will be plucked out before you know it, people especially them have high level of sensitivity when it comes to deciding who to work with and select at business partners.

Even I thanks to years of exploring and doing direct sales have acquired the high level filtering process of choosing people, what more can you expect from people who have being there, done that?

To have win-win situation, don’t doubt with people who you work with. If you doubt them, don’t bother to even try working with them.

Seek to form alliance and network with people who will guide and lead you by hand and not to exploit and make use of one another cutting and killing each other.

用人不疑,疑人不用。

Don’t doubt a person you’re working with, if you must doubt, don’t work with such people.

Popularity: 1% [?]

February-4-10

Strategy

posted by ryan

Businessmen all may employ some strategies that lead to the success which they are enjoying today. But when you look at real entrepreneurs, most of the successful entrepreneurs don’t really have any strategies to being with.

In fact some entrepreneurs will even tell you that it’s their passion in which they do thus they just do it. This is a natural progression in any life cycle, growing up and evolves into newer, better self. The more I read books, the more I realize how much I don’t know. The more I read about successful businesses, the more I realize their success today is fueled purely by their passion, determination and hard work.

When they understand what they are doing, identifying and doing something which nobody has even look nor find it possible, is a perfect invisible strategy that can’t be learned. Passion can’t be learned but it can be identified easily.

Strategies are only used if you are the new kid on the block; try to fight for a slice of the pie from the market. Not many succeeded this way, but those who succeeded, either pour huge amounts of capital branding, value and high standards of customer service in order to succeed.

So if you aren’t a guy that will plan nor use strategies, the next best possible ways to succeed is to ask yourself what your passion are. I’ve identified my own and I’m working towards my own passion currently with the right timing of helping my mentor.

Passion will be your ultimate fuel to succeed even if everyone Is against you. The more opposition you are up against, the sweeter your last laugh will be when you are standing on the top having opened a new trail and declared it as yours owning the rights to it.

There is a slogan by Energizer “Never say die” which shares the same meaning as “Never Quit” quitters never wins. Which is why the forerunners always have the first mover advantage because they will never accept “No” as answer until a solution has being created.

There are many people who tried to climb the ranks to being rich by employing strategies, but if you use underhand strategies, it will someday come back to you. The best strategy to succeed is as simple as not having any strategy so nobody can copy you nor understand what you’re trying to create until you have create both the product, services and training for people who sees the value and than competitors will start surfacing trying to grab a slice.

Before they can even grab one, the impact is already felt, the first person that started it has already build an empire of brand, reputation which isn’t simple to usurp to throne.

Quitters never win. Winners never quit. That to me and to all others is and will be best strategy fueled by passion.

Popularity: 1% [?]