I just received this funny email forwarded message, this humorous story should probably give us a clue as to how rich people think: A rich Filipino millionaire walked into a bank in New York City one day and asked for the loan officer.He told the loan officer that he was going to Philippines for two weeks and needed to borrow $5,000. The bank officer told him that the bank would need some form of security for the loan.Then the man handed over the keys to a new Ferrari parked on the street in front of the bank. He produced the title and everything checked out The loan officer agreed to accept the car as collateral for the loan.The bank’s president and its officers all enjoyed a good laugh at the guy for using a $250,000 Ferrari as collateral against a $5,000 loan.An employee of the bank then drove the Ferrari into the bank’s underground garage and parked it there.Two weeks later, the guy returned, repaid the $5,000 and the interest, which came to $15.41.The loan officer said, “Sir, … [Read more...]
The Top 10 Richest Filipino of 2007
About the early part of the last quarter of this year, FORBES ASIA released their list of the Top 40 Richest people in the Philippines. We are given a glimpse as to who holds about 80 to 90 % of our nation’s wealth. However in comparison to the entire region, the Filipino richest are actually the “poorest” among its Southeast Asian neighbors. Compared to others in the same region, the Riches Filipino combined together had the smallest net worth, ($16 billion) the fewest number of billionaires (only three) and the lowest minimum net worth ($25 million) Nevertheless these Filipinos are the envy of their countrymen. Others look up to them as their inspiration. It is interesting to note that only a handful of them have inherited their wealth. Most of them started from the bottom and worked their way up until they became what they are today. Take note all of them are entrepreneurs and none made it to the top 10 list by just remaining an employee. Inspire to be an entrepreneur, take … [Read more...]
Blue Ocean Strategy . . . The future trend of Business strategy ?
I was in Star Bucks Club Ultima this afternoon to talk with an acquaintance regarding a new business that he is planning to start. One of the things that he mentioned was this unique business strategy that’s quite different from what we traditionally learn in business school. According to him, this strategy sorts of deviates from normal business concepts that we hear and read from the usual management gurus. This strategy is called “Blue Ocean Strategy” I was intrigued by the idea so I did a little bit of research on the subject. Blue Ocean Strategy is a corporate strategy that aims to tap unclaimed markets making competition irrelevant. The strategy is embodied in the book entitled “Blue Ocean Strategy” by Professors W. Chan Kim and Renee Mauborgne and Published by Harvard Business School Press. The authors claim that the Blue Ocean Strategy is a result of several years of study of strategic moves by over 30 industries in a span of 100 years. In the book, “Blue Ocean” refers … [Read more...]
Entrepreneurship vs. Employment
Hello all !!! I just recieved this funny email which portrays the benefits of entrepreneurship vs. Employment. Read it and find yourself laughing at the end, however don't forget that the story has a moral lesson. After reading the story, you might stop your job search. Find out more . . . An unemployed man is desperate to support his family of a wife and three kids. He applies for a janitor's job at a large firm and easily passes an aptitude test.The human resources manager tells him, "You will be hired at minimum wage of $5.35 an hour. Let me have your e-mail address so that we can get you in the loop .Our system will automatically e-mail you all the forms and advise you when to start and where to report on your first day."Taken back, the man protests that he is poor and has neither a computer nor an e-mail address. To this the manager replies, "You must understand that to a company like ours that means that you virtually do not exist. Without an e-mail address you can hardly … [Read more...]