62 Days More - My First Millionaire Business

I know everyone's excited, calm down, calm down, relax, in a few moments I'm gonna bring out to the world my first real established business. Okay okay, you might be wondering what's the difference of this one to all my other businesses. First and foremost, all of them failed!!! Ouch! When I say failed, no return of investment! Ouch Ouch! My only ROI was the learning I got from my mistakes and failures. (In psychology, this is what we call defense-mechanism: rationalizing over the thousands I've lost..hehehe)

Okay, so what is it?

Selling goods? Actually it's my job, rat-race job, but not my business.
Selling ebooks online? Soon.
T-shirt printing? Soon.
Real Estate? Soon? (hehehe)
Food? My mom does it, I'm just the marketer/sales rep/taster
Pigs? Quite soon.
Farming? Quite Quite soon
Lending? uh-huh.
Personal Services and Consultancy? Not now.
Wait..wait..what?????

LENDING?

"Those who have not sinned, shall cast the first stone!"

 (just defensive)

Why of all services chose lending?

Let's rephrase it...Why not lending?

Okay, why am I too defensive? First and foremost its lending that almost made us motherless after she tried buying muriatic acid at the sarisari store devastated from all the debts she was unable to pay. Like what I said in my previous post my new best friend now is debt. I have to accept the reality that debt is something normal for a person to survive. And at most times, it can be something very very good. Honestly, this is not easy, I begin to think I am now the motorcycle rider with turban my mom tries to run away from before. But I have to open myself and embrace it. Make my very weakness my sole strength. 

How did this came about? It's not really easy when your staff, with all his guts, approaches you and sincerely tells you that his wife is giving birth, he's down to today's meal only, her child needs this and that,  and how he hopes he could borrow money from you offering to pay you with interest? Say this happens like once every two weeks. And all you can say is a "No, I don't do that." Sometimes, they joke asking from you but you just smile at them, "No, sorry." This was how it came to be.


Let me state this loud and clear: My vision-mission is: Help People AND Earn. Earning money should not be the main focus in this business. All my decision making should be rooted on how can I help this person. And comes my earning part. I promise my self that I'd stop this immediately, no questions asked, if my head gets big and I worry how much will I be earning.

My terms are simple, a generous 5% per month, and increases anther 5% the following month and so on. Missed to pay amount will be subject to the next months interest rate on the whole amount not the remaining balance. This is to motivate them to pay fast in the first month at the smallest rate. I'm expecting surprises in the first few months but I'll be as flexible as possible. (Remember, ready, fire, aim principle)



Now, I can say to myself, this time I will be the motorcycle rider instead of bringing a scythe, I will be bringing hope.


Kuya, Tita, and Jan, thank you for this!

70 Days to becoming a Millionaire - Starting the Business

I'm very very very excited becuase we're starting a business! For REAL! Not the repacking of peanuts nor dealing of dried mangoes nor selling nachos to kdis..this is the BIG DEAL!

The "Feel Great Shirt" is really starting to come to life. We had another meeting just tonight with the core members - Kuya, John, Kuya Raoul, and Me. There is no official name yet but we are all eyeing on "Feel Great Shirt". A top of the line thsirts that has motivational and inspirational quotes on print.

Our theme is to keep it simple. Maybe a 1 or 2 colors just to keep all attention towards the text and the message behind it. Fancy shirts now-a-days turns to divert the attention of people to the colors and to the design. But with our Feel Great Shirt's simplicity it will catch the attention of people as they are forced to read the text on the shirt. Then and there can we accomplish our main objective of inspiring people and sharing to the world the blessings we received as we have learned and lived the quotes all our lives.

The highlights of tonights meeting is to state what we can commit to the business. We were to choose from capitals - the start-up money, industrial - operations of making the shirt, and sales/marketing - could be online or direct selling. In my case,, with my 6-day work week and packed 8-hours industrial is a challenge. In capital though, my budget is not yet enough. So I commit myself to help in selling and marketing. Good thing I still have contacts to campuses and universities so this would be my target market.

Kuya still included me as a shareholder however they would take the burden of my capital contribution in the start-up while my first sales would be used to pay them for covering me up. One good deal.

All hopes and energies are focused on this one, but I'm still open for my daily strikes.

Strikes for today:

- I found a good source to get slightly damaged branded watches - lose contact, loose locks, damaged mechanism, lost screw. With the super slash-off on the price this would be an interesting buy and sell venture.
- I'm looking at the possibility of moneylending. I cant avoid the fact that there are times some of my team members would be asking for extra cash for their needs. But, I'm really uneasy on this. Good thing, Kuya promised we'll talk more about it the next time.