Ryan Ho's Entrepreneurship Blog

Blogging on topics revolving around entrepreneurship.

February-13-10

Speed

posted by ryan

Speed is a movement, swiftness, the rate of motion moving ahead.

Doing different things and work requires different mastering and utilization of speed at the required level, not always must we charge ahead at full maximum speed.

In life, we need to learn to be like a racer in a race track, we cannot always drive at top gear. As the car is round the corner at the turn, the racer must drop speed in order to move safely passing the track to avoid crashing and lost of life.

Learning the pace, mastering and perfecting the speed are more important than knowing how to drive the race car. In life, we can’t always learn to charge forward like a herd of wild animals on rampage. It takes skills and experience to drive and complete a race track safely without crashing.

Like magic, sometimes having a fast impact magic performance is good couple with great music, lighting and atmosphere. At times, doing different magic performance requires it to be slow, clear to whoa the audience with their extremely slow speed.

You can do it fast, but once people have great expectations of doing the same thing, when you fail to meet their expectations, it will result in disappointment.

However if you learn to use both fast and slow tactic, it will leave the audience curious and wanting to know what’s your next performance be about. Learn how to master speed and you will let the audience in anticipation which you can increase your value and audience who will help you increase your revenue with more profits and customers.

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February-11-10

Help

posted by ryan

Help is the act of either giving or provide what is necessary to accomplish a task or a need, to render assistance to people who need it.

It also make life less difficult and reliving them off their illness, pain and sufferings.

Help is everywhere and anywhere. Are you the person who likes to help and advise people or are you one who only likes to receive help and assistance from others and never give back any?

Help is a two way thing. The more people you help, the more people will help you succeed. The more reluctance you show in refusing to help others, the same others will show to you.

Look at businessmen. They are setting up businesses, helping many people in different areas. By employing employees, they are helping the majority of the people to get paid if they are willing to work hard for the company, and in return they get money to bring bread and butter back home to the family.

By doing business, providing service and solutions to help solve business partners’ problems, they are helping others again, and in return they get money (profits) back in return.

By lending a hand in charity with money, they help people in extreme poverty get fed with food and basic supplies, they didn’t expect anything in return, but than others see it, than again they are helping themselves.

The return favor of helping comes back to the business in the form of recognition, branding and position which is goodwill, building a reputable brand for the country, individual or business, the more low-profile you are, the more happiness you will get and more rewards will come back to you.

Not everything comes back from helping in the form of money, but the values and reward to helpful people and businesses will end up with much more than what they offered.

When individuals and business do charity, they can reduce their tax for that year too from the government and more support from the leaders governing the countries with more benefits in future. There’s nothing to lose in helping but a lot more to gain.

Exercise caution when you offer and extend a helping hand. Never ever help any individual that refuse to accept your help and stretching out their hand. If they reject you, so be it, there are others who will gladly accept and appreciate your help.

Practice selectively helping, else you will be abused too. Example: You don’t go around helping people in the brink of bankruptcy when they didn’t learn their mistakes or lessons. The more you offer help, the more you’re digging your own grave to perish together with the people facing bankruptcy at the expense of your financial help.

You will not help people who don’ t share the same vision, goals as you (only applicable to businesses only). If you’re into philanthropy, than just do it as long as it is within your means and financial ability allows. Spending and spreading wealth wisely to those deserving of a chance to succeed and grow.

Do not help people who will turn their backs on you, a real life betrayal of unconditional help will be USA. They who believe in their religion believe in helping anyone and everyone, and the help they offered get abused in this case example.

USA trained Osama Bin Laden, who in turn became a real ring leader in terrorist who betrayed USA’s kind intentions, war breaking out among Iran, Iraq, and neighbouring countries suffer in some ways.

So select carefully and help, don’t help people who act like they need help but with hidden agenda that go against your vision, principles and directions which again leads me to entrepreneurship.

Choosing the right business partners, help people who accept your help and not people who only want to make use of your help, be selective and test their intentions if needed.  Choose the right business partner and your life plus wealth will be made much easier, choose and make the wrong choice or decision, and you have hell of a time like USA still trying to capture Osama Bin Laden who may still be hiding inside the mountains underground and in the caves etc.

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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.

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January-28-10

Reputation

posted by ryan

Reputation is the key consideration factor when doing anything be it business, going into a relationship or investing on an individual or a company.

As simple as it sounds, it doesn’t looks easy to carry out. Reputation is an intangible asset which is in the balance sheet of profit and account statement which we treat it as branding. How much does the brand cost, and what is the difference between products which is branded versus a product which is new on the market.

A new product will take time to build a base of customers by offering services for value creation and giving customers more reasons and small gifts here and there to convince and persuade customers to change direction from a brand to another. Whoever is able to command a higher perceived value in the eyes of the customers wins until the next contender surface.

Business is all about reputation, creditability, and how much he/she can influence and make customers or even strangers take his/her word with complete trust and assurance without even an doubt in the individuals’ character or personality. That to me is build on mutual trust, and a unprecedented high level of trust will be build when quality is not compromised even in big companies and franchise models. This is the true value of trust which goes a long way.

It takes from months to years to build the trust in both the brand (business) and in the leader leading the company risking his/her reputation on the line with each and every step. One wrong move will result in overnight tumble just like when a professional explosive specialist has being given the go-ahead to push the button to detonate the explosives in a vacant building to give way to new property developments.

With reputation being placed on the line, every step we take with ourselves or with our business partners, colleagues and friends should be taken into consideration first and their credentials first before signing any agreement.

If in the event, there’s no trust and credentials yet, a guarantor and disclaimer policy can be put in place before you carry out any business campaigns. By first drawing a clear line between what’s yours and what’s not, you can be sure of what and how to react in times of problems should they try to push the blame to you? Always have a mutual black and white agreement with people whom you work with so once they commit, they will have to obliged by the terms and conditions set and follow throwing away any grey to black hat strategies which they have if you are not a push-over.

Devise your own terms and conditions before hand, get to know what potential problems you may encounter if you have a lot to lose considering you’re a influential successful person. If you’re a nobody, just go right in, learn whatever you can build your trust, reputation and credentials from the first project you do.

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January-25-10

Money

posted by ryan

Chinese New Year is coming, which represents a new Chinese Lunar Year welcoming the zodiac Tiger this year. Every Chinese New Year, Chinese will practice certain beliefs to keep the wealth inwards to the home rather than outwards.

There are taboos during Chinese New Year. Like for instance, sweeping is not allowed during the Chinese New Year period, if there’s really a must to sweep, than it must be sweep from outside inwards to the home so as not to sweep away for God of Fortune.

While everyone is preparing for New Year and welcoming the god of fortune, most of the people however, will not open the door even if god of fortune is knocking on the doors. Those who open the doors will be given and be blessed with fortune and prosperity.

Majority of the people in Singapore have being trained and bought up to look, think and plan only for short term. All that they see and ask of is money, only real hard cash is what they want, they don’t want opportunity which requires hard-work. All that they wish for is money to fall from the sky just like a game played in television shows annually, shaking the money tree in game shows.

Money comes in many variations. It can be in gold, silver, jade, antique, home, insurance savings plan, investments and businesses. It can also come in a form of a business opportunity. An opportunity to be trained by the rich, wealthy millionaires who knows the secrets of doing a business successfully greatly reducing the risk of loses with their valuable experiences.

New Year Resolution is a wish that everyone will make, but only a minority of the people will actually welcome anything opportunity that comes their way. Most of which either give reasons which are excuses to turn away money or tell the opportunity to wait for them, thinking it is their right to get rich and the opportunity must wait for them.

This kind of thinking is completely wrong, but suitable for respective nations, who wants to groom a large pool of civil servants, but I view them as slaves slogging hard for the rich without having a justifiable income for their efforts.

A bull who works so hard, will still be a bull after many years of hard. If working hard is really the proven way to get rich, than the third world should be richer than us already but why are they poorer than us?

The answer is simple and straight-forward: make the right choice choose the cash machine wisely before working hard to grow that cash machine.

Do you want to continue servicing your cash printing machine, or do you want to build a bigger, better cash printing machine with a New Year? If you’re working in the same job, have the same pay, doing the same thing which you have being doing for years, nothing have changed and like wise same for your income over these years and it will remain stagnant for years to come and even is losing in value thanks to inflation which is happening.

Inflation is the number one factor why the rich is getting richer while the poor is getting poorer. Without using the same tools which the rich are using to get rich, the poor will only get poorer because their tools are rusty, broken and not efficient to make more money.

Money is only possible if the poor is willing to change their tools (thinking) and adopt (follow) what the rich do (business investments) instead of slogging (planting a bean sprout) as compared to the rich who’s working hard too in a different way (panting durian trees) looking ahead for the long term continuous income once it ripens and bear fruits.

Here’s the difference: The poor use a green bean to plant a bean sprout with each bean, there can only be a bean sprout which is exchanging an item for an item.

The rich is smarter: Using a durian, to plant a durian tree, for the first twenty-years, there will be no fruits, and required constant care, attention and fertilizer as nourishment. After the twenty-years is up, when the durian tree is ready with deep roots, the rich (famer) will than no longer be required to care for the durian tree as it is ready to stand on their own producing rich quality and quantity of durians with zero effort from the twenty-one year onwards reaping the fruits of labor than sharing it with the people who assisted him during those difficult years.

Earning money is easy, exchanging time for money. Building wealth is much more difficult like planting a durian tree, but success will only belongs to people who are not only hard-working but also smart in making the right decision as to what kinds of seeds to plant and looking ahead of the benefits of planting the right seeds.

If you want to work with millionaires in printing money right now, don’t hesitate, contact me now and I’ll show and share with you what seeds I will be planting, and how I know it’s going to be the next durian tree. Success belongs only to people who makes the right decision and seek proper guidance. I’m learning from millionaires, and so should you. Join me as we go on a journey planting and farming durian trees.

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