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- 1. Caveat OFW – Scammers at the Gates, Part 1
- 2. The Tale of the Oilman and How Herds Trash Reason
- 3. Why We Should Beware of “Proprietary Strategy”
- 4. The Four Telling Signs of Lack of Investment Literacy
- 5. The US Anti-Outsourcing Bill and Its Possible Impact on OFWs
- 6. The Good Luck Charm That I Know
- 7. When Humans Bend Credit Rules, Ghosts Appear and Darkness Looms
- 8. Is Franchising the Road to Entrepreneurial Success
- 9. Are You Ready to Invest in Mutual Funds
- 10. The Three “Musts” of an OFW Bank
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Category Archives: Business Literacy
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
This is the finale in our four-article series on the transport business. In this post we list down the four key reasons why we should avoid the transport business altogether Continue reading
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.
For this post, we will have another bite at the transport business, taking a glimpse of how companies fared in this business from high-end to low-end and then hazard a few reasons why, despite it dismal record, this industry looks attractive to dabble in.
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
“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.
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.
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.