Business and Money Tips

Yes, I’ve lived entrepreneurship long before I ever taught it  Entrepreneurship Is in My Blood Some people are surprised when I tell them I was teaching Entrepreneurship more than 20 years ago. But in truth, entrepreneurship has been in my blood since I was a child. I grew up in Chinatown, in a hawker family that sold clothes, socks and towels. From a young age, I was serving customers, arranging displays, and yes — closing sales. We tried everything: new products, bundle deals, even creative pitches. Looking back, I realize — I was already doing business, not just helping one. That early experience taught me something powerful: Entrepreneurship is not about making money. It’s about adding value. Money is the result. Value is the cause. Anyone can make a transaction, but only an entrepreneur creates transformation — by serving, by solving, by seeing what others don’t. Even as a Chartered Accountant later in life, I understood: you can’t “audit” your way to value — you must create i...

All businesses must have these 6 keys or they will not be successful and may just fail. The 8 keys are: Growth Mindset , not just meet the monthly cash payments. True entrepreneurs have a growth mindset which says, "Let's make this a 10 billion-dollar company", even though now the company is making only 1 billion dollar in sales now.  Passion for the Business . You have to love the business, your business products, your business partners and what your business stands for. Businesspeople run business to make money, while entrepreneurs run business because it their life's passion and they cannot don't do it! Look for New Opportunities . This means making waves and not becoming stagnant. Often the best opportunities come in the form of problems, and true entrepreneurs welcome problems. Like now the biggest problem is pollution, and true entrepreneurs sell products that make people healthier to cope with the pollution.  Have a Strong Why . Entrepreneurs do not...

As a Business Coach by passion and vocation, our goal is to help business owners achieve business success through analysis and systems implementation. What this means is that we help the self-employed build a profitable commercial enterprise that works without them. After all, systems should run a business, not the owner. The first thing we do is to access the business by working with the business owners to determine where they are, where they would like to be, and then helping them implement systems and strategies based on what we find that would be the most appropriate for that particular business’s needs (increase profitability, systems, employee training, controls, etc.). Today let's assess the business in the five key profit generating areas: 1.  Lead Generation (no. of potential customers generated); 2. Conversion Rate (success rate or ratio of customers over leads generated); 3.  Average Dollar Sale (average invoiced value or average sale value in dollar terms); 4...

It always amazes me to see how our good government come up with so many handout schemes for businesses, like free consultancy, free ISO etc. Handouts are good, but for how long?  As a entrepreneur, the motivating factor is not free money, but an environment where they can have a fair fight and prove their capabilities. So when the government gives out money to the small businesses, they government need to follow-up with more business opportunities. Otherwise, the money is not put to good use.  We know that in business money grows money, and handouts are good if they can be put to good use to generate more business. Otherwise, the money will be gone in no time. What I think the government should do to give more business opportunities for small businesses include: Law requiring the public sector and all big companies to, before asking for quotes from foreign companies, to put up their purchase requisition in a website whereby  only local companies can quote, say ...

Let me go straight: You need to Know What's Most Important so that you can focus your resources on this, otherwise you would be losing focus and getting less than what you want.  No matter what, don't turn back, just keep on moving forward... 1. If You're a Big Company (with more than 100 staff): ENTREPRENEURSHIP . The bigger the company, the less risk adverse are the people as most of them would be concerned with their own career rather than the company's growth. Also, the company's structure makes it difficult to do things that are outside the company's policies and procedures.  Hence most employees would play it safe and inside their comfort zone.  Thus the company's management would need to lead the staff in comfort zone to be more entrepreneurial, take risks and try different things.  Otherwise, the company would end up like Nokia, Blackberry and Motorola - all former top 3 in mobile phones now occupying less than 15% combined market ...