Veteran IT Head Wants Lotto for his Retirement

Yesterday, I had a client for my "HOW TO SET-UP AND MANAGE A LOTTO OUTLET" seminar (a 2-hour One-on-One for only P2,000 per head).

1. He heads the IT Department of one of the largest Business Conglomerate in the country that is into varied industries.

2. My client is looking at opportunities for entrepreneurship which could be complementary to his profession and Lotto interested him
because of its simplicity and probably, it is also IT-based.

3. During the seminar, he made known of an offer from a Lotto agent west of Manila to sell his existing outlet for the sum of P1,000,000 (or US$21,505.00). Rent is only P7,000 (or US$150) and it is in a busy section of Manila ( or so he thought). The reason given by Lotto Agent for selling is he is going abroad. I advised him not to buy because:

a. There are only 2 reasons why a Lotto agent will sell his Lotto
Outlet:
a.1 It is losing money

a.2 It has problems (in debt, owes money to the
PCSO, (the govt Lotto franchisor) or is in a
crime-ridden area

b. Sales is not as high as the reported P20,000/day sale (My
client did in fact verify from the residents around the
Lotto outlet area that sales is poor.

c. The area where the Lotto is located is bordered by several
big malls that have already Lotto outlets inside (which are
are more convenient for bettors to go to)

d. Lastly, if he paid P1,000,000 for his Lotto outlet, it will take
him about more than 4years to get his money back.!!!! I told
him for that money, he could put-up several roadside outlets
already.

4. More Last, when you buy an existing Lotto outlet, BE
WARNED AS THE CONTRACT OF AGENCY IS BETWEEN PCSO
AND THE LOTTO AGENT. YOU , AS THE NEW BUYER, IS NOT
PART OF THAT CONTRACT AND HENCE, HAVE NO RIGHT TO
OPERATE THAT OUTLET WITHOUT THE EXPRESS CONSENT
OF PCSO. YOU MIGHT LOST YOUR SHIRT!!!!

The seminar was followed with a tour of my existing outlet. In parting, my client found the seminar WELL WORTH THE MONEY SPENT. He is now seriously considering putting up a lotto outlet but
in a location that I have RECOMMENDED.


A PARTING SHOT-- WHY IS IT PEOPLE WHO WANT TO GET RID OF SOMETHING ALWAYS SAY I AM SELLING BECAUSE I AM GOING ABROAD????

When Is It Worth the Risk?

We offend ponder this question when faced with a BUSINESS OPPORTUNITY that may never come again, to wit:

1. Should we risk till it hurts? Or, pass on the chance for the Kill?

2. When we take a chance, is that the same as gambling and thus, we must be prepared to lose without regrets?

3. At what point do we stop? Do we touch the kids' savings?

4. Should we borrow from the loan shark or the relative who charges usurious interests (there are!)?

5. There is no such thing as s SURE THING and therefore, there will always be a risk.

6. If you do not risk till it hurts, will you ever improve your situation?


This is a blog post of QUESTIONS. Let me know what you think.

Database of Livelihood Training Grads

One of the problems of small business owners is finding the right people. The budding entrepreneur does not have the budget to maintain its own Human Resources Department nor hire the services of an Online Job Search (upwards of P10,000/search) nor an Executive Search Service.

Why not set-up a Database that groups all Livelihood Training Grads into a Central Repository with the following features:

1. If private-run, grads can have their curiculum vitae listed for a minimal fee

2. The Listing will contain aside from Basic data of the grad, details about his new skill learned, any apprenticeship attended and other talents that may have commercial value.

3. This Listing can then be sold on a membership basis to companies and to small business enterprises at a very minimal fee.

4. The point is to connect the grad with the job at a cost of search that is affordable to the small business entrepreneur.

Sulit Ad Rocks

When the men behind Sulit claim they are optimized, I believe them!

Yesterday at about 7:30pm thereabouts, I posted an ad for a 2007 Chrysler 300C Black and the sale of a Warehouse in Manila. I got a text message at 8:40pm that same day inquiring about the car. This morning, I got an email asking about the address and pictures of the warehouse.



IT DID NOT COST ME A THING TO ADVERTISE THRU SULIT. Consider this, fellow small business entrepreneurs.

For samples of my Sulit ads, click on http://sulit.com.ph/richardjosephsiy

Livelihood Training Grads with No Where To Go

A couple of weeks back I was talking with one of the senior Kagawad (Town Council Elder) of the Barangay (Town) where my Lotto outlet is located.

I told him that as part of the social projects of the local government, it seems so many livelihood projects are being offered churning out so many graduates and yet I do not seem to know of a program to hire these grads or make them small business entrepreneurs.

I would not be surprised if a number of these grads with newly-acquired skills end up as cleaners and menial workers rather than future small business owners.

Would it not be possible for the Government to come up with a Small Business Company with the following features:

1. Employees will only come from the graduates of Govt-run Livelihood programs (Hence, students will be guaranteed work after studies)

2. Funding will be provided by the government but after the initial funding, the Small Business Company must prove its viability

3. Since government is not good in managing enterprise, the Small Business Company will be ran by a Management Team from the private sector

4. Employees will be entitled to Dividends after serving tenure. Dividends will be based on salary-scale and number of shares offered to the employee.

5. To ensure viability, products to be produced must be products that the Government needs and will be covered by a Long-term Supply Contract that includes market-rate pricing

6. The government will save as you cut-off the middlemen.

7. Grads will have a Programmed Career Path i.e. front-line (foremen), Middle (supervisor, junior manager) and Top will be open to them. The rationale is to prepare them to be Entrepreneurs operating their own small businesses.

8. Employees will be encouraged to invest in a Stock Purchase Plan wherein they can purchase shares at par value that is affordable. (THE RATIONALE IS THAT IF THE EMPLOYEE HAS NO FINANCIAL STAKE IN THE SMALL BUSINESS, HE HAS NO INCENTIVE TO CARE FOR THE SUCCESS OF THE SMALL BUSINESS)

EARN EXTRA MONEY NOW! No. 002

B. FOR SALE

1. 2007 Chrysler 300C Sedan Black 7,000km only. Impressive to
look at. Imposing to Drive.

2. Fishmeal for Poultry growers and Piggery Owners. Minimum Order
One truckload. High-Quality. In short supply.

3. For Film Lovers, CAnon EOS 300 with 298-85mm Lens, Original
Canon Strap and Steel Protective Grill. P3,888 nego.

4. Warehouse 1,000sqm Floor Area, Standard Ceiling Height,
Flood-Free, Not affected By Ondoy, Can handle space and
weight of 40-footer Container van Drive-thru.

EARN EXTRA MONEY NOW! NO. 001

A. LOOKING FOR

1. High-Quality Print Shop to print Logo and Text both-sides
on 1,000pcs T-Shirt with Collar and Front Pocket.

2. Supplier for 1,000pcs T-Shirt with Collar and Front Pocket (Polo)

3. Studio or 1-BR Condo near Technopark, Santa Rosa, Laguna

4. Supplier for 3 units Vespa Compressor 2hp 120-liter Tank
capacity with Auto-shut switch and Pressure gauge

5. White Standard Uniform and shoes for Nurse and Doctor

6. Doctor's medical bag

7. Supplier of 1,000pcs Olympic-brand Hand Towel with Logo and
Text print on one side

8. 2,000sqm Warehouse Flood-free Standard 8-meter height and
can accommodate 40-footer container van truck-mounted
Location: Davao and Cagayan de Oro

Call me at pldt 514=2905 or text me 0922-8831225