Johnny Bunko

One of the most thought provoking business authors that I have come across recently is Daniel Pink. He has written a lot of very good thought provoking books like “A Whole New Mind: Why Right Brainers Will Rule the Future.”, which explains how we are going towards a creative economy. But one of his most intriguing and most creative works is a book written in a format that many young people will understand, Manga.

 

Manga is a Japanese style of comics that is very popular among the young. Daniel wrote a manga style comic entitled, “The adventures of Johnny Bunko, the last career guide you will ever need.” It contains six simple lessons woven into the story of an employee who tries to do his best in his career but ends up frustrated. He feels that he is stuck in a job and a life where he has no control. He accidentally finds a pair of magic chopsticks that summons a “genie” who gives his advice on business and life.

 

Before you dismiss this, think about the credentials of the author. Daniel Pink is a graduate of Yale Law School and a New York Times Bestseller author as well as being a  former speechwriter of U.S. Vice President Al Gore. Johnny Bunko has launched a whole new philosophy of living life and getting ahead with even contests being held on trying to find what the 7th lesson should be. The book’s lessons has been used for a lot of college commencement speeches on teaching young people what is important.

 

I would like to share with you the six lessons as well as my simple interpretation on it:

 

1. There is no plan. – We spend so much time and energy making a grand life plan and get very frustrated when it doesn’t happen. Life was not meant to be lived with precision, enjoy it. Don’t be afraid to discover or go out of your comfort zone. Your life might take a very interesting turn. Go after something you are passionate about.

 

2. Think strengths not weaknesses. – Don’t obsess or let others perpetually tell you what you lack or cannot do. Go with what you are strong with. Pursue your talents.

 

3. It’s not about you. – Go out of your way to help others. Don’t just think about what you want. Help others, be part of a team.

 

4. Persistence trumps talent. – Not everyone is born with supreme talent, hard work will allow us to offset the advantages of others more talented.

 

5. Make excellent mistakes. – Everybody says learn from mistakes but before that choose the type of mistakes that you make. Take educated risks and not foolish ones.

 

6. Leave an imprint. – Make an impact on every situation you find yourself in.

 

What do you think? Pick up a copy of Johnny Bunko and find out how you interpret its lessons.

 

Speaking of manga and cartoons, locally entrepreneur Wilson Ng also launched a comic book centered on the lessons learned in business by eNGy. It is an insightful and humorous look into many business situations that can be best described as “Only in the Philippines.”  It incorporates many lessons and situations that were learned in over 20 years of being in business.

 

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, lets all get together and share knowledge, stories, experiences, information, all for the sole purpose of getting One Step Up.

 For comments, suggestions or stories that you want to share, email me at stirspecialist@gmail.com ,  or visit  www.stirspecialist.blogspot.com

WOW!

When was the last time that we had so many Pinoys that raised our flag and waved it so high that the world sat up and took notice.  When was the last time we actually felt real respect as a people and a nation. Think about it, in the midst of the world reeling from the effects of the recession and the fears of the swine flu, Pinoys have shone.

 

I was watching the NBA playoffs between Miami and Atlanta, and the commentators were interviewing the NBA’s youngest coach, Miami’s Eric Spoelstra. The Miami coach was gushing about watching the upcoming Manny Pacquiao fight and proudly proclaiming his Pinoy heritage. Eric remarked that in recent survey conducted, he came in third after Manny and Arnel Pineda of Journey as the most famous Filipinos. Yup, the NBA’s youngest coach is a half Filipino and very proud of it.

 

Manny Pacquiao in stopping Ricky Hatton so convincingly cemented himself as the greatest pound for pound fighter in the world. It was so dominant a performance that the boxing world is still stunned.

 

Recently , young singer Charice Pempengco has vaulted herself to number one on that list when she almost simultaneously launched her new single , “Note to God” and debuted in live at the Oprah Winfrey show. The single released only in the United States and can be downloaded online at iTunes  and Amazon, broke sales records and immediately shot up to top of the music charts. I was watching the video of her performance in Oprah and you can see how the audience was moved to tears by Charice’s emotional performance, at the end of the song, you can hear Oprah whisper, “wow”.

 

WOW! Wow indeed. It’s amazing how people are now changing the way they perceive our people. When I was watching Manny’s fight, I saw many members of the audience not only rooting for the Philippines but even wearing and waving the Flag proudly. The most shocking part about it was that they were not even Filipinos.

 

On another note, I would like to take time out to congratulate Governor Gwen Garcia for being one of the winners of the 5th Rotary Club of Manila Annual Tourism Awards. Governor Garcia is being recognized for the very innovative, creative and effective Suroy Suroy Sugbu. I have heard many praise the program and enjoy and delight in joining it. It has been one of the biggest contributors of Cebu being recognized as the top tourism destination in the Philippines. Congratulations Madame Governor.

 

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, lets all get together and share knowledge, stories, experiences, information, all for the sole purpose of getting One Step Up.

 

For comments, suggestions or stories that you want to share, email me at
stirspecialist@gmail.com ,  or visit  www.stirspecialist.blogspot.com

Ayala Mall Awards

Last Wednesday, I had the pleasure of attending the Ayala Mall Awards held at the second floor of Greenbelt Five. It was a very well attended affair. I met up with old friends and acquaintances, most especially the very hard working Ayala Mall Cebu delegation headed by Ms. Clavel Tongco, Joy Polloso, and Bong Dy. I also had the pleasure of  personally congratulating Anthony Ballreich and Kenneth Kokseng who were both winners for the most promising retailer award for Siam and Hukad respectively. I am really proud of these two restaurants as they are shining beacons for the ability of the Cebuano entrepreneur to compete with the best that Manila can offer.

 

Awards mean a lot of things to people. It may mean recognition and fame, it can be a jump off point for a promotion or to greater fortune. I look at awards more as a validation of what we are trying to achieve. It is validation for staff so that they are recognized for all the hard work that they put in as well as their constant commitment to following the higher standard.

 

I would like to congratulate the winners from Ayala Cebu Mall. The awards and the winners were:

 

Visual Merchandising Excellence:

-Bleach Catastrophe  -Overall winner

-Levi’s Kids

-Beauty Bar

-National Bookstore

 

Christmas Décor

-Mango

-Oh Georg

-Healthy Options

-National Bookstore

 

Marketing Excellence

-Restoerun

-Rustan’s

 

Marketing Partners

-Laguna Garden Café

-Essenxa

 

EGC Partners

-Rustan’s

-Metro Gaisano

 

Store Operations Excellence

-Lacoste

-Mark & Spencer

-Lemon Grass

-Restoerun

-Healthy Options

-Crocs

 

Most Promising Retailer

-Hukad

-Siam

 

Store of the Year

-Healthy Options

 

Congratulations to all the winners and keep up the great work. I would like to thank Ayala Center Cebu for all their help and assistance.

 

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, lets all get together and share knowledge, stories, experiences, information, all for the sole purpose of getting One Step Up.

 For comments, suggestions or stories that you want to share, email me at stirspecialist@gmail.com ,  or visit  www.stirspecialist.blogspot.com

 

10 Things

I came across this very interesting article by Duncan Cheatle, founder of business advisory body, Prelude2Business on the ten things to keep in mind when starting a business. Duncan is known as the “business doctor” in Great Britain. I thought I might share it with you and see if you agree.

 

Do it for passion not money. Things don't happen overnight, so do something you feel passionate about. Do not start something with an exit and a fortune in mind. You'll probably fail. This was commonplace during the dot-com era where people came up with ludicrous business ideas to be delivered by inexperienced teams. 


 

Do something you know about. Philip Green, the retail entrepreneur, gave this advice. He and his family only invest in retail businesses, because that's what they understand. If you go into something you know little or nothing about, you have made things much harder from the start.

 

Don't give up too early. Successful businesses are usually very different from those described in their original business plan. Try something and if it isn't working, try it a different way. The key is not to give up too early. Persistence is a vital quality of any entrepreneur.

 

Have a mentor. The hard work is up to you and your team. Having a mentor can be a huge support and can help you see the wood from the trees. First-time entrepreneurs often fail because they don't have a more experienced mentor from whom they can learn and turn to for ad hoc advice. Everyone needs a sounding board.

 

Funding. Businesses often spend too much time and money chasing the wrong form of funding from the wrong people with inappropriate terms and then raise too little. Sales always take longer to close and working capital requirements can fluctuate far more than you might expect, so don't go overboard but do get enough cash. Otherwise you'll spend all your time raising money and not growing the business, and no-one will thank you for that. 


 

Cash management. Cash is king. Manage it well. Ensure you have appropriate forecasts and monitor against expectations. You will not need a full-time finance director but do not think a bookkeeper will suffice. You need both skills from the start.

 

Build sales before anything else. A lot of people spend too much time getting things such as a nice design and the website sorted, instead of getting out there and closing a sale. You can always adapt designs but you need a reference client to build sales from - even if you initially offer them a reduced rate, a free product or service. 
Get out there and sell from day one. 


 

Don't try to rush. There are very few propositions that mean you must get ahead of the competition. Winning clients takes time - sell, tweak your offering, then sell again. Nothing can replace experience and you don't want to alienate potential clients by getting it wrong.

 

Be wary of bad advice or suppliers. When cash is tight, you don't want to get locked in with the wrong suppliers or taking bad advice. Asking a friend can be fatal at times. Do your homework before you pay for advice, ask for references from their previous clients, for example. Look for pointers from someone who's been involved in your kind of business before. 


 

Keep things at a variable cost. In the early stages, particularly when you are a small business, you don't want to get locked into anything you can't get out of easily. Don't be afraid to use a probationary period for staff. Be wary of recruitment fees but similarly know when to pay a bit more for quality staff. Your model will change so the more flexibility you build in, the more you will be able to change and adapt. 
Fixed costs may bring higher margins in the long term, so it's all about knowing when to convert to a fixed model.

What do you think? Do you agree or not?  I wanted to ask entrepreneurs out there what are their 10 things to keep in mind when starting a business? I would like to congratulate the president of the Philippine Retailers Association Cebu Chapter Melanie Ng for opening a new store at the Ayala Center Cebu Mall. Gems and Designs is a bigger store, a sign of confidence in the improving economy. Congratulations Melanie and thank you for continuing to show us the way to go.

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, lets all get together and share knowledge, stories, experiences, information, all for the sole purpose of getting One Step Up.

 For comments, suggestions or stories that you want to share, email me at stirspecialist@gmail.com ,  or visit  www.stirspecialist.blogspot.com