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Category Archives: Business Literacy
The Good Luck Charm That I Know
I originally thought of writing something about gold, but since today is Chinese New Year, and for the last few days there has been a barrage of talks about “lucky charms” and attracting good luck in this “Year of the Water Snake,” I thought it may be a better idea to talk instead, about good luck and how to attract it. Continue reading
Competition – The Scourge of the Transport Business
For this post, we continue with our series on the transport business by zeroing on the number one reason why it is so difficult to make money in this line of business.
Posted in Business Literacy
Tagged " " Forces Driving Industry Competition, " " Ready aim fire, " " take no prisoners, " Porter Map, " Prof. Michael Porter, " The Art of War, ""The Transport Business Trap and Why It Looks Attractive to Dabble In, "Competitive Strategy: Techniques for Analyzing Industries and Competitors, "Lead from the front, Going Into Business Is Like Swimming Upstream or Going Into War, Harvard Business School, not the rear, rivalry among existing firms, scourge of the transport business
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The Friend Who Lost His Shirt in the Transport Business
After the seemingly high-flown topics of the last posts, it is time to go back to the basics and discuss something closer to the hearts of many of our countrymen.
I refer to the topic of going into business which, I believe, remains the hands down favorite topic of interest of the greater number.
And about going into business, there is a topic which is of even greater interest: the transport business
Continue reading
Failure Is, In a Sense, the Highway to Success
“If you fail, then learn your lesson and try again. And again. And again until you succeed.”
That is our penultimate line in the last post entitled “ Is Franchising the Road to Entrepreneurial Success”. This post now therefore hopes to pick up where we left off, and elaborate on such line.
Well, although practically everybody has experienced failure at one time or another, the fact is that we earthlings still can’t help feeling bad or shaking out that terrible feeling of failure once it happens. In computer parlance, we are “hardwired” to feel bad when we get thwarted with our desired outcomes.
This post is not meant to dwell much about success or failure in other endeavors. There is a deluge of literature about success and how to handle failure in life and we certainly do not want to add to such oversupply.
Is Franchising the Road to Entrepreneurial Success
After the great apocalypse hullabaloo of the past weeks, after the scare of a few or fun and laughter of the many, it is high time to talk about things more useful to living our daily lives. After so much talk about the specter of dying, it’s now time to talk of the business of living.
In This Benighted Land, There Appears Little Choice But Go Into Business
Frankly, going into business is one of the riskiest most difficult proposition there is. The risks and difficulties involved here would make going into other types of investment look like peanuts.
Are You Willing To Work Long Late Hours and Forego Much of Your Social Life
In the last post entitled “Going Into Business Is Like Swimming Upstream or Going Into War”, we said that “preparing for war” is not a guarantee of success. It only means that through preparation, we get a “fighting chance”. Well, that should be a good start, and for this post, we speak of a very important ammunition to improve or expand our fighting chance.
Going Into Business Is Like Swimming Upstream or Going Into War
Yes folks, going into business is like “swimming upstream’… or “going into war”. It’s a hell of a lot of struggle and the outcome is very much uncertain. No, it’s not just uncertain; it’s much more likely that you fail rather than succeed.
Posted in Business Literacy
Tagged Filipino-Cebuano Business Club (FILCEB), going into war, Inc., micro-small and medium enterprises or MSMEs, MIT Professor Peter Senge, Miyamoto Musashi's Book of Five Rings, Sequoia Fund, Sun Tzu's Art of War, swimming upstream, taking a journey against all odds, The Fifth Discipline, walking a tight rope
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