On starting a business

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Archive for March 2009

Make your own LOGO !!

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velvet Ever since I was in college I use the color velvet and the name velvet .It became my official logo on my articles and writings. Fortunately I discovered through reading books and business articles that it’s a good move to have an official logo on a business.You will also need an official color themes. You will notice on many companies now that they have official logo and color .  An example is Mr. Richard Branson and the Virgin brand. See video:

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March 23, 2009 at 11:14 am

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Diligence: Like Ants

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leafcutterantworkerwithleafcloseup

In our business we need to have core values. In my previous job on a multinational semicon company they are enumerating core values like discipline,costumer orientation, risk taking,results orientation,quality in their programs to manage diversity of people.Every one of these values has a role for success.

For me diligence is one of the core values we need to make the business successful.A slack hand will slow down the process.We need a diligent hand to inject persistence in what we are doing.Do not be hastened to be rich just be consistent and focus on your diligent actions.

If we look on the ant’s ways of living you will be amazed. Ants have no guide, overseer or ruler but they provide their needs of meat during summer and gathers their food on harvest.They are magnificent diligent creatures that sets example to every one of us not to stop but move on and be different.

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March 23, 2009 at 6:19 am

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Failure : The secret to success

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The secret to success is how you learn from your mistakes and failures.  We need to overcome ourselves, rejections and criticisms to be able to win a business.Taking a calculated risk  is   needed and if failure comes try to learn from it.  Here’s a video from Honda showing what they have been through but have overcome the odds.

You can fail 100 times as long as you succeed once…

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March 21, 2009 at 12:13 pm

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Blue Ocean Strategy

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large-blue-ocean

Blue Ocean Strategy is a business strategy book that promotes creating new market space or “blue ocean” rather than competing in an existing industry.

The metaphor of red and blue oceans describes the market universe. Red oceans are all the industries in existence today—the known market space. In the red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded, prospects for profits and growth are reduced. Products become commodities or niche, and cutthroat competition turns the ocean bloody. Hence, the term red oceans.

Blue oceans, in contrast, denote all the industries not in existence today—the unknown market space, untainted by competition. In blue oceans, demand is created rather than fought over. There is ample opportunity for growth that is both profitable and rapid. In blue oceans, competition is irrelevant because the rules of the game are waiting to be set. Blue ocean is an analogy to describe the wider, deeper potential of market space that is not yet explored.

The corner-stone of Blue Ocean Strategy is ‘Value Innovation’. A blue ocean is created when a company achieves value innovation that creates value simultaneously for both the buyer and the company. The innovation (in product, service, or delivery) must raise and create value for the market, while simultaneously reducing or eliminating features or services that are less valued by the current or future market. The authors criticize Michael Porter‘s idea that successful business are either low-cost providers or niche-players. Instead, they propose finding value that crosses conventional market segmentation and offering value and lower cost.

This idea was originally proposed by Prof. Charles W. L. Hill from Michigan State University in 1988. Prof. Hill claimed that Porter’s model was flawed because differentiation can be a means for firms to achieve low cost. Prof. Hill proposed that a combination of differentiation and low cost may be necessary for firms to achieve a sustainable competitive advantage.

Article source : Wikipedia

Blue ocean strategy will help businessmen create uncontested market.Try to think of potential industry with less competition. Make a survey to a community asking them of what they need that are not available within the vicinity.Do not be afraid to innovate and be different.

One of my product is a good example . I wholesale  smoked fish .These are fish that was cooked using smoke coming from burned saw dust.These product became really famous in the Philippines on class “c” family.

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March 19, 2009 at 3:58 pm

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The power of positive attitude

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attitude


Against all odds many people became successful because of the attitude they are giving to face a problem. Be positive always even in hard times. We can not make other people understand what we are going through easily. Some things happen for a reason and in many cases to our benefit when it passes. We can use these negative occurrences to be more patient and persistent.

I have been to many downs in my 10 years of work in multinational companies. The experiences I have encountered during those learning times made me decide to venture to business. If I have not been positive in my outlook in life I would not been able to write this article. I learned to analyze details and learned from mistakes and use them to my advantage.

I believe and I am not judging every day of my career by the harvest I am reaping but counting the seeds I have planted. In due time I will harvest the SUCCESS I am longing for…

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March 14, 2009 at 12:18 pm

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Secrets to Building Winning Business

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winnerAre you an entrepreneur? An interesting question and title that surprisingly few business owners like to use. If you have started your own business you are well and truly an entrepreneur and this manual has been written specifically for you. You may be a budding entrepreneur planning to start a business or you may be a seasoned veteran entrepreneur just making sure you haven’t missed anything. Being an entrepreneur is exciting, scary, wonderfully rewarding and incredibly challenging, all in the same breath. But if it is in your blood, it’s hard to get it out. But as an entrepreneur, you will be more aware than the average person on
the street that the better skills and advice you get, the greater your chances of entrepreneurial success and the associated rewards.
Business is getting tough. There are more people starting businesses today
than at any other time in history. There are lots of reasons for this trend with some of the most significant being:

Size doesn’t matter

One of my greatest frustrations is what I call the ‘Small Business Syndrome’ and I refer to it often in my books. This is where the eternal excuse for not being able to run a business to its full potential is the fact that it is ‘only a small
business’. From my own experiences the best run businesses are small businesses and size is certainly no excuse for not providing great service, doing smart marketing, making great products or being innovative and dynamic.Often small business owners are almost apologetic for being a small business. I think it is well and truly time to move on from this mindset and embrace the fact that small businesses are the engine of the business world—there are millions of them and they generally lead the way in all industries. Being small is no excuse—it is a wonderful opportunity. Imagine being the CEO of a huge multinational corporation—how do you make a change to the way the business operates? There needs to be countless meetings, often leading to arguments for change, board approval, then the changes need to be handed down to the next level to start the long and winding road to implementation. Once this road is navigated the changes eventually reach the front-counter staff
who actually sell the product or service. In a small business if you want to make a change—you just do it. How empowering is that?
My main message here is to be proud of your business, regardless of the size. Building a winning business has nothing to do with size—it is all about attitude.

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March 5, 2009 at 5:35 am

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What the things to be done to achieve success?

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Leads to Success

success-factors

Passion , Work , Focus , Persist, Ideas, Good, Push, Serve = Success

Richard St. John interviews 700 businessmen and came up with 8 factors for success. I firmly believe that success can not be measured on the amount of material wealth you have but it’s how you define it.It’s ok to start small what is important is you are consistent…

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March 3, 2009 at 9:38 am

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