the new national heroes

[wizard_jamex]

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i just want to point out that by "business", im promoting traditional business... i dont promote MLMS and brokerage of insurance/mutual funds..

with regards to personal financel
if you want to start a good business.. i suggest investing on it first and foremost.. i strongly discourage investing first on mutual funds / buy-n-hold real estate as this would tie up you capital...

I understand your point. I have friend who is also in business. Dili lalim mag business diri sa Pilipinas labi na nga karon..mao pa pag bangon sa ato nasud. His mission is to create jobs in every filipino. For now, nag sugod sa diri sa Cebu but I know that someday company that he established will prosper.

I understand that you don't promote brokerage and especially MLM. I'm also broker.

Share lang ko:
Sa ako lang bro, ok ra man na kung mag broker ko at least naa sad ko other income to support my expenses especially sa electric bill kay ako man ang nagbayad gud.

I like your thread.....

[mrx412]

its not necessary nga delearships jud... if mag salesman nman lang gani.. i suggest kanang something nga tangible or knang solid goods like cars, real estate, or appliances.. ma hasa man imu selling skill.. i dont recommend selling insurance (though it has its own challenges), simply because buyers dont get immediate satisfaction...

you can save from your current job, much better, learn lessons from your current job..

ther biggest prob with capital is that, if mag save lang ka, you will never get enough capital...

going to debt is crucial here.. u use the bank's or the govt's money to generate you money..once you learn this, youll see starting and financing businesses is very easy

dont think what your country can dof or you, think what you can do for your country.. by creating jobs.. you are making the country a better place..

have you watched the movie "the social network"?.. bag-o rko kakita and nice jd specially pag-ingon sa president sa Harvard University that "INVENTING a job is BETTER than FINDING a job"..nwei, in relation sa topic nice jd mahimo entrepreneur but dghan jd kau iconsider nato.. I hope pareha ta ni Mark Zuckerberg founder s Facebook nga nakacreate jd ug job and one of the youngest billionaire today...

[brandnewbien]

this is so true. starting a business is hard, keeping it alive and providing your employees is much harder. the business owners have to take risk.

local business owners are overpowered by foreign companies that are outsourcing here. its hard for them to hire fellow filipinos, because most new gradutes nowadays prefer to work for a foreign company because of the benifits and high salary.

[b@r3f00t]

I liked your essay bro and I agree that this country needs a lot of entrepreneurs that would provide jobs to our fellowmen. But bro, your point of view should have been good HOWEVER when I read most of your comments below your thread, you are setting nothing BUT confusion to your readers.

Do you really know what true business really is? If you really know these stuffs, then the comments you posted should have been better if you TRULY and HEARTILY know the following:
What a brokerage company really is?
What a mutual fund really is? Where does the investor's money go? and what do they create?
What they truly mean about "asset" and "liabilities"?
and, many others.

Bro, if you know this stuffs, I know you too will promote them. The problem with your comments is just that you are too confined with what you believed in NOW. But, I do respect your own opinion.

It's just that in my case, I am promoting brokerage companies of insurance/mutual funds/real estate because they are REAL businesses and that they provide many advantages as with other businesses, except for MLM types of course.

I may not be connected with any types of insurance but I do understand their business.

[wealthyhead]

you dont always have to think of everything as asset or liablity.. your purpose as an entrepreneur is to offer goods and services which can improve the quality of life of people..

exactly, to improve the quality of people, offer goods & services that are assets

a car maybe a liability coz you have spend on it.. but it is a luxury coz it makes your day way more comfortable sometimes it is even an asset as it indirectly improves your performance..

yes, liabilities are mostly luxuries

little risk = little oppurtunity... remember, its hard to serve multiple masters at the same time.. i really discourage taking multiple jobs as it would 1st. reduce your performance on all jobs, 2nd, reduce quality time spent with friends and families...

it depends. some people love to have multiple jobs. in fact most ofw's in the US have 2 or 3 jobs.
they can still give quality time with their families, it's a matter of time management.

find what you do best and do it with all your efforts...

exactly, if you do great in business or in a job, do it 100% or more

its good to think bout finances once in a while but please dont make it the focus in your lives as you would become money-hungry people where you cant get enough of it.. let yourself indulge in the benifits of "liabilities" once in a while..

"The rich rules over the poor, and the borrower is the slave of the lender." -Proverbs 22:7

[elmariachi]

i just want to point out that by "business", im promoting traditional business... i dont promote MLMS and brokerage of insurance/mutual funds..

with regards to personal financel
if you want to start a good business.. i suggest investing on it first and foremost.. i strongly discourage investing first on mutual funds / buy-n-hold real estate as this would tie up you capital...

OT: As an Entrepreneur, I viewed MLM as an income stream. I diversify through providing tools and coaching program for home-based business owners.

http://homerarnado.co.cc

[AmorsoloX]

I liked your essay bro and I agree that this country needs a lot of entrepreneurs that would provide jobs to our fellowmen. But bro, your point of view should have been good HOWEVER when I read most of your comments below your thread, you are setting nothing BUT confusion to your readers.

Do you really know what true business really is? If you really know these stuffs, then the comments you posted should have been better if you TRULY and HEARTILY know the following:
What a brokerage company really is?
What a mutual fund really is? Where does the investor's money go? and what do they create?
What they truly mean about "asset" and "liabilities"?
and, many others.

Bro, if you know this stuffs, I know you too will promote them. The problem with your comments is just that you are too confined with what you believed in NOW. But, I do respect your own opinion.

It's just that in my case, I am promoting brokerage companies of insurance/mutual funds/real estate because they are REAL businesses and that they provide many advantages as with other businesses, except for MLM types of course.

I may not be connected with any types of insurance but I do understand their business.

i have a real estate brokerage w/ attached insurance brokerage becuase i have a real estate development, kung mosud nman lang, sudlan nlang tanan. dba?

its advantage is you have a very low overhead expense as you mostly pay on a commision-basis to your agents.. on a downside.. most agents are doing it part-time.. -its good to be the marketing head of a real-estate development..

the reason why i encourage business first over other investments is becuase
1.) it has the highest possible ROI
2.) it requires large amounts of time and effort to prosper..
3.) it MIGHT require you to inject more capital...

investing first on real estate or mutual funds would tie up much needed capital... though if your not a businessman. it would be a good idea to invest here but para nako sayang ay ang kwarta nga hinay mo tubo..

in business.. kaya kaau mabawi ang initial capital as early as 5 months time... possible mo doble in 7 months time
in mutual funds.. modoble ang kwarta i think around 3 years? (IMG people can clarify on these)
in real estate.. kung pa renta lang.. expect mkabawi ka 7 years at earliest.. kung buy n sell, aw maski pa 1-day.. bawi daun kung mahalin lang...

i really encourage starting manufacturing businesses over others as this would provide jobs and generate export income for the country. compared to those financial-related businesses you mentioned, its these kind of businesses that improves the community....

hinuon.. nindot man ang kana brokerage sa insurance, real estate, loans, etc.. kay social man gud.. pwede ka dili panington kay laway ra puhonan as the agents would say. hehe naa pa jud time pa porma2x....

the more people you can employ, the more the community can benifit from your business... ika nga.. the more you give (sweldo), the more you get, (productivity). hehehe

[AmorsoloX]

OT: As an Entrepreneur, I viewed MLM as an income stream. I diversify through providing tools and coaching program for home-based business owners.

http://homerarnado.co.cc

ok ra ko anang MLM basta sales ang focus (Like AVON, NATASHA, ETC).. kung imu pasabot kay kanang RECRUIT2x or mas-lami nga term kanang PRODUCT PACKAGE (ex. UNO)..... then its just pyramiding where ang imu gi-apas kay ang ma gain ra sa commision and pairing bonus kung naa mo enter...

there is a big difference in OWNING A JOB and OWNING A BUSINESS... para nako, MLM is not really a business.. just a par-time job... i dont event consider networkers as entrepreneurs.. just salesmen.. though.. its a good place to learn the art of marketing.. (kung mag ahente nman lang gani ka, y not do it for your own products nlang)

[lorenzoleo]

@AmorsoloX : Kumusta man business? Hehehe!

[AmorsoloX]

@AmorsoloX : Kumusta man business? Hehehe!

maau man.. kusog2x kay hapit na pasko.. hehehehe im expanding my interests sa mindanao... zamboanga is looking great... bago lang ko invest didtu..