Some Lesson Learned

You have noticed on the changes on my site’s theme. I decided to give it a face-lift and do some major changes. This time for the better and I am going green (let us save the earth). I still couldn’t find of a better background so for the time being I will stay on this one. Hope you like it.

Years back when I was still working in HongKong I tried to go into business. After several pitfalls, piggery and mango spraying, the rest were successful, profits were earned and the money invested were recovered (sigh of relief).

Important lesson learned over these years are (for OFWs). There was survey from Inquirer that 76 percent of OFW fail to succeed in their business. Reasons to name a few were the money ended up borrowing by our relatives.

You must learn how to manage time, money, and people. I say have an ample amount of patience.

Any dealings regardless if it is your relatives, brother or sister, put it in black, i.e. put everything on paper/record. Have them notarized.

Never ever extend loan without collaterals. When giving out loan, don’t provide a thousand, give them tens of thousands - and secure for an appropriate collateral! Land, house and lot, farms, or an existing business are necessary. If they are your relatives, and you are an OFW, and you loaned them some money without any collaterals, sorry but think of it as a donation.

When you come home and you have tons of money - pretend that you don't have them. Let your money sleep for months in banks - until good and cheap opportunities present themselves.

When you go into business, always be creative, and watch your market, and your competitor constantly.

And once you learned, and have thought your money to do the working for you. I can guarantee that no matter how much you got - you will always be out of capital. Seek financing somewhere else.

Seek your people's knowledge - they, most of the time, know more about the business than you!

Be generous and give to charities.

Take care of your health, do a regular exercise. We are all getting old.

Last and most of all, don’t forget to look above and thank Him
for all our Blessings.