Comments on: Driving down an unentrepreneurial road

By: Driving down an unentrepreneurial road

Driving down an unentrepreneurial road — Sun, 09 Nov 2008 15:09:40 +0000

[...] is a crosspost from Filipinovoices.com, last October 31, 2008, before setting off for All Saint’s Day [...]

By: Paulyn

Paulyn — Tue, 04 Nov 2008 02:55:36 +0000

i am benefitting a lot from the discussions following the post, thanks guys!

By: Marlon Ribunal

Marlon Ribunal — Mon, 03 Nov 2008 07:16:12 +0000

Well commented article. Nice work Jon!

By: Jon Limjap

Jon Limjap — Mon, 03 Nov 2008 04:31:28 +0000

And yes leytenian, I would love to be able to expand to Cebu, but my current aim is to expand worldwide instead, using the internet. ;)

By: Jon Limjap

Jon Limjap — Mon, 03 Nov 2008 04:30:04 +0000

leytenian,

There actually have been a LOT of livelihood TV shows out there. Right now I think the most popular one is ABS-CBN’s Kumikitang Kabuhayan.

Unfortunately these shows focus more on topics like production and set-up than marketing and innovation — and I can see some of the same flaws in magazines like Entrepreneur Philippines. More emphasis on marketing skills and blue ocean strategies will probably balance these things better.

I agree that there are a lot of opportunities in the Philippines, and it is unfortunate that too many of them remain untapped.

By: leytenian

leytenian — Mon, 03 Nov 2008 04:20:07 +0000

there’s so much business opportunities in the Philippines. There’s plenty of money to be made in an emerging market. Any concept from the modern world can be copied to emergencing countries. let’s think for a bit. Jollibee is a copy cat of Macdonald’s with pinoy taste in it.

Real estate is not a good investment in the Philippines. It is only good to buy unless you will live in it as your home. Inflation rate in the Philippines is higher than real estate growth. The best approach is to buy a land from the poor, build your home and open a store. The poor who receives the cash may venture into business like another sari sari store. It’s a win win situation for an OFW and a poor pinoy. the copy cat concept is here. hehehe.

By: leytenian

leytenian — Mon, 03 Nov 2008 04:10:24 +0000

Duplication of skills is also a copy cat. A self employed person cannot grow his/her business unless he/she will duplicate and hire people to move on the next. One cannot manage two stores at the same time. The concept of franchise is a formal way of copy cat. Rules and Regulations, Skills of personnels , products and services are copied from top to bottom.
A mix of goodies can be named Goodies, INC. Jon the owner wanted to expand to Cebu. The difficulty of managing the stores from two different location can be best manage by :
1. creating or applying for a franchise. Jon can either do all the work or Jon can sell its franchise and enjoy the rest of his life thru franchise fees.

2. Jon can easily hire a manager, making sure that Jon’s talent can be duplicated by the manager. If Jon fails to see the copy cat concept, the business can fail. :)

just kidding Jon. great blog.

By: cvj

cvj — Mon, 03 Nov 2008 04:08:49 +0000

Jon, agree (@11:56 am) and agree (@12:06 pm).

By: Jon Limjap

Jon Limjap — Mon, 03 Nov 2008 04:08:36 +0000

leytenian,

Agreed with real estate re OFWs. There is an outdated myth about real estate vis-a-vis passive income that preaches that rent-seeking is the best way to get rich.

The reality is that the richest men in the world (Carlos Slim, Bill Gates, Warren Buffet) are actually active-income earners who work very, very hard monitoring their ventures.

By: Jon Limjap

Jon Limjap — Mon, 03 Nov 2008 04:06:14 +0000

cvj,

Just to underscore the point, however, the lamentations regarding product innovation and development do include the Filipino Chinese.

I’ll give you a list of (far as I heard, Chinese owned) retail businesses that are doing a TERRIBLE job in their respective businesses:

* Ever Gotesco
* Isetan
* Liana’s Supermarket
* Masagana Supermaket
* Fairmart/Plaza Fair

All of these retailers have horrendous facilities and services. Far, far cry from spotlight-hog and oft-maligned SM.

The list is much, much longer of course.