The best investment is on people. If you run or own a business, spend time with your team, suppliers & customers.
Real "face time" will always out do 'Facebook' time or any other way of communication. Being there with them will give you a better grasp of what they're thinking and of what's really happening.
You'll make better decisions this way.
The fun part in a startup - coming up with ideas, the brainstorming sessions, and the 'dreaming' of endless possibilities.
Many people will spend most of their startup time talking about how cool their ideas are. And yes, in a way, most of them are also seeking for validation.
The discouragement starts when the people they talk to don't share the same excitement. At this point, some will quit without even trying. But that's not even the hard part.
The hard part is doing the real work. It's translating ideas into actual products or services. It's raising or saving enough money for the venture.
Designing a product is fun. Launching a product that people are willing to pay for is another thing.
It's exciting to close your first sale or customer. It's a challenge or a struggle to breakeven or to hit profitability.
Starting a business is an adventure. It's fun, exciting, and yes, it's not easy. If you are starting one, make sure to anticipate and prepare for both sides of the story.
Having great ideas doesn't make you an entrepreneur. Doing the hart part will.
Your perspective or views will change as you grow old and mature. But your priority should remain the same – to love God and one another. The greatest achievement (or ambition) that you can pursue is to lead others to do the same.
How to win the respect of others:
1. Live a quiet life
2. Mind or take care of your own business
3. Work with your own hands
(see 1 Thes 4:9–12)
Don't confuse "waiting time" for wasted time.
If you've been put into a position to wait, you might as well make the most out of it.
Build meaningful relationships. Learn a new skill. Pray for clarity and direction.
Every season has its own purpose. Even if you don't see anything, there's always something happening.
The most frustrating experience as a customer...
Your service provider causes inconvenience because of their inefficiency, but lets you pay for it anyway.
Lesson for entrepreneurs:
1. Own the problem
2. Provide a solution
3. Compensate for the hassle
Many will do #1. But if you're wise enough, you won't stop there.
Here's the best way to start your Saturday morning ...
Make your own coffee.
Re-evaluate your goals in life.
Identify and eliminate your biggest distractions and time wasters.
Decide to take action. Write down your To-dos.
More importantly – Pray and thank God for all the blessings that you've received in life. Your gratitude will positively change your attitude.
"Ano bang trend ngayon?"
Many aspiring entrepreneurs start with this question. But they fail to see that a trend may lead in two different directions – the upward trend and the down trend.
Copying a business concept because it's "uso" is one of the riskiest thing you can do. Don't assume that if it worked for them, that it will work for you too.
Look at what the market really needs, take inventory of your competencies, and then ask yourself if this is something you'd be willing to work hard on.
Take that into consideration and then develop a product, a service or a concept that people (your customers) won't find elsewhere.
