Changing Tires

It’s Holy week in the Philippines and many entrepreneurs are on vacation. At least, they try to be on vacation. For many entrepreneurs, their business is their life, not a job. I wanted to share these stories as a point for reflection for this season of Lent.

There is a story about life involving changing tires. A boy was speaking to his father. "Dad", the boy said, " My teacher says, that life is like a round wheel." "That's right son," the dad responded, "It is like a round tire that goes around and around. Just like business, sometimes your up and then sometimes your down."

"I don't believe that Dad," the boy exclaimed. "Why son?", the father asked. "Because Dad, if that were true, why are we always poor?" The father started laughing and after composing himself answered, "well son, the tire is flat."Life is really like a wheel or tire. It goes up and down. But it can also get a flat.

Let me tell you another story that I read about.There once was a king of a magnificent kingdom. He was wealthy beyond belief. He was proud. He looked upon all that he could see and said to himself, "I am the greatest King."But a rebellion started, the king fought the rebels. But he was defeated in battle. the King fled the battlefield, pursue by his enemies. He rode his mighty steed faster and faster, but the sounds of pursuit became louder and louder.He jumped his mighty steed thru the bushes only to be startled by the sight of a cliff. He reined his steed and tried to reverse his course but the deafening sounds of pursuit became nearer and nearer.He despaired. He looked down at the massive abyss before him and contemplated leaping to a glorious end. Just as he was about to urge the frightened stallion to jump, the sun's rays caught the diamond of his ring causing it to sparkle and dazzle him.He glanced at the ring, a ring that his father had passed on to him. Inscribed lay the words, "It will pass."

The King felt a calmness come over him. He closed his eyes and thought of his father. When he opened them, the sounds of pursuit had become fainter and fainter.The King was filled with hope. He gathered together the remnants of his army and galvanized his people. Together they crushed the rebellion and the kingdom was saved. The kingdom became richer and greater.The King became proud once again.

One day, as he stood before his high balcony surveying his kingdom, the sun again caught his ring causing it to sparkle. He glanced and read the same words as before. He was moved to reflection.He changed. He humbled himself. From then on, he became a good and wise king, beloved by his people.

Our lives and our business really are like a tire. It does go up and down, round and round. If we sometimes feel that we are stuck in a rut, that the wheel has not turned, we should ask ourselves if we have a flat. Then get up, do something about it, change ourselves and the tire. Business is like that, when we feel that we are stuck in a rut, we need to check why. Sometimes, we need to step back from the daily grind, introspect and reflect, identify the problem, search for the solution, then continue on

The great Indian statesman and leader, Mahatma Gandhi, once said, “Every worthwhile accomplishment, big or little, has its stages of drudgery and triumph; a beginning, a struggle and a victory “

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, let’s 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 atstirspecialist@gmail.com , or visit www.stirspecialist.blogspot.com .

The Concept of Society

I believe business must have a positive contribution to society. The contribution may be as simple as providing the best food at the most affordable price . Or it can be providing the best quality service the customer can enjoy or providing the best quality product. There is also a higher kind of contribution, that kind that leads to the development of society.

I have never met a man like Raddy Diola. Rather, I have never met a real estate developer like Raddy. He is the man behind the River Valley Community, a housing development found in Kalunasan, one of the most underdeveloped areas of Cebu City.

Raddy is an accidental developer. He recounted to me his story on how he was offered by a distant relative a large parcel of land in Barangay Kalunasan for a very attractive price. Because He has always dreamt of providing a prosperous financial future for his family, he began to nurture a hope that developing this property can fulfill that dream.

Despite having no knowledge, experience or resources, he went ahead and completed the purchase of the property. The first time he saw the actual site, his heart sank. The road was basically a path, there was no water, and the worst part was that a public elementary school building had encroached on his new property.

The community around his property was both hostile and fearful of Raddy. They feared that they would lose their school. They were hostile that they would lose access to their homes as it would be revealed later, the basic access path ran thru Raddy’s property.

“It was also the time when we were scraping the bottom of the barrel, so to speak, making both ends meet for the needs of the family.” Raddy added, “We had to let go and let God.” He met with the members of the community as well as the school. He immediately donated the portion of the land that the school building sat on. He also donated the path and arranged for it to be expanded into an asphalted road.

After winning the trust of the community, he was able to organize a water brigade that searched for and eventually found access to water. He recounted , “ For 23 years the school was without any water system. Children risked their lives and limbs fetching water at the nearby river.” Through the help of donations, they were able to pipe the water to the community and the school.

Today, what used to be a place devoid of hope is now one the most pleasant community to live in. The school is thriving. Again through the help of many individuals and organizations, the school now has a thriving library and a computer laboratory. The children are healthy and well fed through weekly feeding programs and medical check ups. I cannot find the words to describe the changes that happened. What was once despair, Hope now springs.

River Valley Community is now a thriving real estate development. It had evolved into a beautiful small subdivision for middle income families. River Valley Community is providing a contribution to society. I believe that the basic questions we have to ask ourselves in planning a business is ,”What kind of impact will my business have on society?”. Andrew Carnegie once said, "No one becomes rich unless he enriches the lives of others."

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, let’s 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 atstirspecialist@gmail.com , or visit http://www.stirspecialist.blogspot.com/ .

The Concept of Navigation

Life as a journey is a lot like sailing. You are at the mercy of the elements. The trick is to gently exploit the power of Mother Nature and coax the boat towards the destination. The most important thing is to never lose track of the goal, and to constantly check the compass and correct your course. Sometimes the weather can get so bad that it feels like its better to turn around and head back. But for the seasoned sailor, it’s a matter of looking for a temporary safe harbor, weathering the storm, and continuing on.

One of my favorite posters is a picture of a sailboat weathering a storm with a saying, “The rewards of the journey far outweigh the risks of leaving the harbor.”

Jason Hyatt is the celebrity chef/owner of Abacá Boutique Resort and Restaurant. For those who are unfamiliar with the latter, Abacá is the premier fine dining restaurant in Cebu, with food, ambience and service at par with the World’s best.

Jason has achieved a reputation for excellence beginning with his stints as assistant chef at different hotels and restaurants in the United States to serving as the executive sous-chef of the famous Wolfgang Puck at his seaside restaurant Granita in Malibu California. In late 1999, Jason was asked to run the Lan Kwai Fong groups flagship restaurant in Hong Kong, California Restaurant. He went on to running all of the group’s restaurants as the working group executive chef. Jason really made his mark in Hong Kong when he was given the free hand to design and run his own signature restaurant, Lux.

Vince Lombardi, the famous football coach had a saying, “It's easy to have faith in yourself and have discipline when you're a winner, when you're number one. What you've got to have is faith and discipline when you're not yet a winner.”

I recently had the pleasure of chatting with Jason’s dad, Joe, who was here to visit his new grandson. Joe is from blue collar Midwestern roots, having spent part of his life in a rock and roll band, and part of it building hot rods. I asked him, given his adventurous lifestyle then, how did Jason end up a chef?

He told me the story of how Jason grew up. He and his wife had divorced and for many times, it was just him and Jason. So he and Jason had to master the art of fending and cooking for themselves at an early age.

It was a struggle growing up. He told me of many nights spent in a motel with a table drawer and a pillow for his son to sleep on. When it was time finally for college, he asked Jason to go around the United States first before deciding, to be sure that he wouldn’t waste his dad’s money on something that he didn’t want.

Jason moved around finding odd jobs here and there. For some reason, he would always end up in jobs at the kitchen, starting with dishwashing. He then moved on to flipping burgers. One day, the cook was absent, he was asked to fill in. Jason discovered that he enjoyed it and that he wanted to be the best. Eventually, he showed up back in front of his dad and told him that he wanted to be a chef.

“The thing about Jason is that he really knows what he wants in life” his dad proudly proclaimed,” he is like a sponge, he observes and absorbs everything. When he sets a goal, he is determined to get there.” Jason often reminisces to himself, “when I lay in bed or drive to work I sometimes question why we have been so lucky to have what we have and how I actually got here is sometimes a mystery.” He adds, “ After all, I am just a white kid from the midwest.”

We can all be just as successful as Jason by starting correctly with setting a goal , and striving for it. We each need to discover where our journey will take us, but we can never set off without first selecting a destination. Just like sailing, we need to perpetually check our compass and make corrections to our course. In time, each of our ships will make port and the journey would have been worthwhile.

Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, let’s 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 atstirspecialist@gmail.com , or visit http://www.stirspecialist.blogspot.com/

A Call to Arms

I would like to interrupt my column on concepts series by issuing this call to arms. Recent scandals and sordid allegations of corruption in high places have left a bad taste in the mouth. The Philippines is once again at the tipping point of another crisis. It may not be said often or aloud. But you see it in the faces of businessmen. You see it in the callousness of our officials. You see it in the desperation of our people. We know we should care, but do we really? We often hear the lament of the apathy of our middle class and our youth.

I therefore would like to issue a clarion call. We need to start a new revolution, a new people power revolution to empower and build a new class of people, a class of entrepreneurs. Our country more than ever needs to build a large and successful class of young entrepreneurs. Michael Gerber, author and business coach, says, “The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look.”

Entrepreneurs care about the environment that they exist in. they care whether or not their taxes are being spent wisely, they debate on the effects of the levels of the peso. They care about how legislation can be better crafted. We need more entrepreneurs.

We need more entrepreneurs that will generate new jobs and spur creativity and dynamism into local economies. Ross Perot hit the nail in the head when he said, “Most new jobs won’t come from our biggest employers. They will come from our smallest. We’ve got to do everything we can to make entrepreneurial dreams a reality.” The Government should put equal or more attention into strengthening and developing local entrepreneurship, over attracting foreign investment.

Barack Obama is energizing the United States with his vision and charisma. He has been compared to America’s King Arthur, the late President Jack Kennedy. He said it best, “People don't expect government to solve all their problems. But they sense, deep in their bones, that with just a slight change in priorities, we can make sure that every child in America has a decent shot at life, and that the doors of opportunity remain open to all. They know we can do better.” We need leaders that can call up this vision and energize the public. We need leaders that can inspire and not just command.

I hope that our Government will also sit up and listen. The Government needs to encourage the banking system to increase funding for SME’s. The private sector needs to do their part. The private banking system has to find a way to relax the stringent requirements that would allow easier access to capital for many starting entrepreneurs.

Muhammad Yunus , the founder of Grameen Bank, started a revolution. Yunus pioneered microcredit, the innovative banking program that provides poor people––mainly women––with small loans they use to launch businesses and lift their families out of poverty. He humbly says, “I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs, but many don't have the opportunity to find that out.”

Roberto Aboitiz of the Ramon Aboitiz Foundation says, “Our country today faces a lot of problems: there is poverty, the declining state of education, and graft and corruption. These challenge not only the government, but the community as well. In all these scenarios, involvement from the private and business sectors are needed, not to take the place of the government, but to help in nation building”.

How many small businesses are unable to take off because of lack of access to capital. But it is not only that, lack of technical support, lack of access to training, etc. Joey Concepcion is trying to do his part. He together with other outstanding entrepreneurs are storming the country with their GONEGOSYO campaign. He stated, “ It’s an advocacy that will bring about a mindset change needed by many Filipinos to transform their pessimism into optimism.”.” He adds, “The start of building an enterprising Filipino culture will surely propel this nation to greater heights.”

We need more people to get involved. We as a nation have to collectively reflect on our situation and find a solution to break this perpetual boom bust cycle. I believe the solution lies in our young people. We need a revolution, a new people power of young entrepreneurs that will propel this country forward. Mabuhay po ang Pilipino.


The Concept of Outstanding

What do Jerry Seinfeld and Kenneth Cobonpue have in common? Plenty. They are among the best at what they do. They have the respect of their peers. They are widely recognized as icons for their abilities. Their names are their personal brands. They are both outstanding.

Who does not know Jerry Seinfeld? He is recognized for the comedy sitcom that carries his name. The show has won 10 Emmy Awards, and in 2002, was recognized by TV Guide as the number one TV series of all time. It was a radical show that contained a plot literally about nothing. The show was focused on only one thing, to make us laugh.

But that’s not the way it started. Jerry was just one of many struggling comedians before he had an opportunity to write and act in a sitcom called The Seinfeld Chronicles for NBC. Seinfeld premiered on July 5, 1989 where it logged one of the lowest ratings for that night. The ratings were so bad that NBC contemplated on pulling the plug. The show was then offered to Fox, who also declined. The show was destined for the garbage bin, except for someone in the network who believed in it enough to release funding for four more episodes. The network released the additional episodes and the rest is history.

Kenneth Cobonpue is the 1st Filipino furniture design leader to be included in the authoritative international "Design Yearbook" (2002). In 2005 he won the Design Asia Award. He is most known for his Hollywood celebrity clients led by Brad Pitt. He was also asked by Warner Brothers to furnish a casino set for the movie Ocean’s 13.

But Kenneth was not always this successful. He started out as a normal gangling teenager with a dream. His father wanted him to take up business management at the University of the Philippines and eventually take over the family business. Ken dutifully followed his father’s wishes. After 2 years, Ken wanted to pursue his dream. He took the qualifying exam for the fine arts program at the University of the Philippines in Diliman. He failed the exam. His evaluation showed he lacked the drawing skills needed to qualify.

He went abroad to pursue his dream by taking up Industrial Design at the Pratt Institute in New York. Upon graduation, he wanted to pursue design apprenticeship in Europe when tragic news of his father’s death called him home. He was forced to take over the reins of the family furniture factory. Kenneth recalls, “I took over my mother’s company beset by debts and an aging workforce. Worst of all, I had no one to teach me the ropes because my father was gone. The future did not look good.”

Kenneth could have just followed the status quo and tried to grow the existing business. But Kenneth did something radical. He changed the whole design concept of their furniture lines. He decided to challenge the existing norms of designing to what the market accepts to designing for the purpose of design. What made him different from everybody else was he committed himself to what he designed by putting the ultimate symbol on it, his name.

In the beginning, it was a total market failure. Ken reminisces by saying, “All our old clients left us because the look I made was so different from what the market wanted and was prepared to accept, we were doing negative for the first 2 years.” Ken also did something different, he insisted on the originality of the designs. He demanded that the words, “Made in the Philippines” and his name be equally prominent. He chuckles, “Everybody thought I was crazy then.”

Today, everybody knows who Kenneth Cobonpue is. He has done more for uplifting the plight of the Filipino designer than many of us know or imagine. In one of life’s ironic twists, he helped found the Industrial Design Program at the University of the Philippines in Cebu.

One of the greatest Presidents of the United States Abraham Lincoln once taught, “Don't worry when you are not recognized, but strive to be worthy of recognition.“ When we plan for the outstanding, we should put our personal brand on it. A modern day icon Jeff Bezos of Amazon fame emphasized, “A brand for a company is like a reputation for a person. You earn a reputation by trying to do hard things well.

We can do all this by devoting ourselves wholeheartedly in whatever we do. We need to believe in our abilities and in ourselves. Just like all of us, Jerry Seinfeld and Kenneth Cobonpue were born with their names, but because of their commitment to standing out, they made their names outstanding.

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 .

The Concept of Service

Whenever people make plans about starting a business, they normally talk about the cost and benefits. How much should they invest? When will they recover? They seldom talk about the concept of service. Og Mandino, the late author of the best selling book, “The greatest salesman in the world”, once said , “Always render more and better service than is expected of you, no matter what your task may be.”

I remember Eddie who used to work as a tire man for a gasoline station in the city. Eddie’s job was to service and repair flat tires, as well as to replace worn tires with new ones. He was a small man but he always did his job with a smile. He would often apologize for his decrepit equipment and always sought to compensate by giving his best personal service. He was very good at his job and he knew all his customers by name. He was a master at installing large diameter low profile tires that required extra care in mounting and dismounting. He was also a master at using a mallet to align dents on the rims that occurred frequently from using such tires. (regrettably Bling-bling often becomes bang-bang on the wallet)

There was a time when I went to Eddie for all my tire needs. One time, I had a flat tire near the station, so I called him. He was right over to help. Whenever people would ask me on where to go regarding installation or repair of tires, I would often tell them to go to this station and look for Eddie.

A good friend emailed me a beautiful story on how personal service impacts a business. Barbara Glanz, veteran customer service trainer was doing a seminar on the importance of putting your personal signature on the job that you are doing. She issued a challenge, “ Think about something you can do for your customer to make them feel special, a memory that will make them come back.”

One day, a boy named Johnny wrote to her and spoke of how he tried to implement what she taught. He spoke of his twin difficulties, one that he was only a lowly bagger at a grocery, and two, that he was afflicted with down-syndrome. But still he tried his best to think on how he could make his customers feel special. He thought about writing a “quote of the day” to express thanks for shopping at the store. He asked help from his father, and together they wrote and printed out multiple copies of different inspiring quotes, one for each day.

Every time he finished bagging a grocery bag, he would smile, look the customer in the eye and sincerely thank the customer for shopping at the store. He would then slip a note containing the quote with his personal thank you.

Barbara was touched and thought that was the end of the story. A couple of weeks later, Johnny’s boss called. He started telling her about an unusual phenomenon. One day, there was an unusually long line at the check out counter of Johnny. He automatically called for more check out counters to be opened, but the customers refused to move. They told him that they wanted to get Johnny’s quote for the day.

A few weeks later, Johnny’s boss called again. He started excitedly telling her of how a big change has come not only at the groceries but throughout the whole grocery store. It seems that many customers now made it a habit to drop by to say hi and to shop. Also, more new customers kept coming. Johnny’s example had spread throughout and service from the heart is now practiced at the whole store.

I recently ran into the owner of the gas station where Eddie worked and I started to talk to her about him. She listened as I explained how Eddie was one of her best assets and that customers went there specifically for his service. She wistfully agreed with me. She told me that she only realized that fact much later when customers started to look specifically for Eddie. She sadly continued by telling me that Eddie had passed away, and things were not the same for the tire service. She had sold the gas station and that the new owners no longer operate a tire service.

I don’t miss going to the gas station but I sure do miss Eddie. The best praise I can give, is that Eddie did his job so well that I and am sure many if not all of his customers, only knew him by his first name. In today’s society, I think that is the highest compliment anyone can give when you are only known by one name. Eddie provided the best service he could and in doing so, built lasting relationships with loyal customers.

Sometimes, when we plan the business, we fail to plan for the people factor. Starbucks Coffee may be a global name but at its individual stores, it is as personal as it gets. I know Darren, Leon, KZ, May, Sam, PS, and Euge of Starbucks Ayala and they know me. They greet me with an enthusiastic hello and remember what I like to order. In the end, it is not the coffee that I remember, but the whole customer service experience. The Starbucks Coffee website proudly proclaims, “We always figured that putting people before the product just made good common sense.”

Walt Disney once said, “ Do what you do so well that they will want to see it again and bring their friends.” Eddie showed how a tire man can MAKE a difference. Johnny showed how a bagger can BE the difference. We can all be like Eddie and Johnny by caring about what we do and the people that we deal with. If we are able to consistently do that, success will just be around the corner. 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 http://www.stirspecialist.blogspot.com/ .

The Concept of Aspiration

I remember when I was 13 years old, I used to tag along with my parents whenever they went visiting some of their friends. One day, we went to visit a very successful trader at his house. As they chatted in the living room, I wandered around until I ended up in the garage. There was a beautiful Mercedes Benz auto parked in the garage.

I was instantly dazzled, and hurriedly rushed over to admire the car. My mother noticed the commotion and looked out. She then lovingly admonished me, reminding me not to look at things that I could not afford. My mother’s friend who overheard the conversation rebutted and said, “ you should not discourage your son, but you should instead encourage him to dream, so that he will work at achieving his dreams.”

A good friend and a highly visible successful entrepreneur often talks about the magic of the word “Aspiration”. Wikipedia defines aspiration as “means hope.” Merriam-Webster dictionary defines it as “a strong desire to achieve something high or great.” Don’t we all want to hope? Don’t we want to achieve something high or great in our life? Lets pause for a moment and reflect on that question.

One of the best stories of aspiration is that of a security guard who had a dream. Jacinto was born in Bohol to a brood of seven children of a firewood dealer. He studied at the Ubay Elementary and High School. He moved to Cebu and enrolled at the college of Law at the University of San Carlos. In order to survive, he did household chores at the houses of his different relatives in exchange for board and lodging. For pocket money, he worked as a stevedore at the pier in between classes.

When he was at his fourth year of the College of Law, he faced a personal crisis. He received news from home telling him that his father wanted to sacrifice the schooling of his other siblings in order to give him a chance to finish law. His father who barely earns enough to feed his family, could no longer give his children equal chances of success. He had decided to hedge his bet on his son, who has shown promise to be a lawyer.

Jacinto didn’t take the news well. He worried about the future of his younger siblings. He decided to do something that would change the course of his life forever. He ran away.

He fled to manila as a stowaway in a boat. While in Manila, he began work as a security guard. After some time, his older brother, who was in the army, decided to assist him in his studies. He returned to Cebu and in 1956 finished his law degree. He then passed the Bar the following year. After passing the bar, he discovered the opportunities were scant and ended up initially working as a security guard again in order to make ends meet. He never stopped aspiring, believing in himself that he can make his dream come true. He continued to work even harder.

Fast forward to today, Jacinto now owns and operates the largest two security agencies in Visayas and Mindanao, which collectively employs almost 2,000 guards. His security agency has been awarded Ten times as the Best Security Agency in Region 7, awarded nationally three times as the Most Outstanding Private Security Agency of The Year , and two times as one of the Ten Most Outstanding Private Security Agency Of The Year.

Confused on who Jacinto is? That’s because he is now more popularly known as Atty. Jack Mendez of Centurion Security Agency fame. When asked to look back, Atty. Mendez has this to say: "Certainly, my humble beginnings have spurred me to succeed in life. It had always been my aspiration to improve the lives of my family and to provide for them. “ He adds “I attribute what I am now and what I have acquired to hard work, perseverance, honesty, dedication and faithfulness and trust in the goodness of our God.”

John Maxwell said ,"Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential." 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

The Concept of Enjoyment

I once had a business that I didn’t enjoy. I went through the motions of wooing customers, impressing suppliers, but I was miserable. I eventually sold the business and started a new one. My current business involves children. I not only sell toys but my company organizes activities, shows, and parties for kids. I enjoy what I do. Nothing beats the pure joy that I see in my customers faces when they receive one of our products or attend one of our events. In other words, I have fun!

How many of us want a business that is fun? I think all of us do. But the reality is that we do not believe that business is fun.

When we think about fun, we are really talking about enjoyment. Did you know that majority of successful entrepreneurs enjoy what they are doing. They enjoy it so much that they are truly passionate about it.

Melanie Ng, the face behind the Premium Concepts lifestyle boutiques as well as the newly launched Sandee, is the embodiment of somebody who enjoys what she does. In her own words, “I love to shop, so instead of just shopping for myself, I might as well shop to sell!” She adds, “When you have a business and you feel very passionately about it, you will do everything in your power to make it work. You will use all means to make sure that it will be a success. If you love what you are doing, naturally success will follow and with it the profit needed to sustain a business.”

Melanie opened her first Premium Concepts lifestyle boutique at the Ayala Center 13 years ago. Today it has grown to a chain of 9 stores. The idea for the business literally came as a Christmas surprise. She shares with her mother a passion for collecting. Her mother had the most extensive collection of Christmas Village houses that she would set up every yuletide season. One time, Melanie chanced upon a supplier of Charles Dickens Christmas houses. She made a deal and ended up with a whole second floor full of of houses. As word got out, people began to drop by to buy. Her husband Wilson, suggested adding Christmas trees as it was difficult to find in Cebu then. One thing led to another, soon, Wilson convinced her, that since she enjoyed it so much, why not make it a full pledged business by opening a store.

“Today”, Melanie adds, “ we make sure we have an interesting variety of novelty products, unique items that compliment each other. Each product is carefully chosen. With a well-selected variety of items, we offer our customers nothing but the best in terms of quality, design and uniqueness from all over Asia. Items like Vietnamese silk lamps to Indonesian wood carvings to Thai knick-knacks, to sparkling semi precious stones in all shapes and sizes, to beautiful hand crafted items, to oriental knick knacks.”

Successful entrepreneurs enjoy their work to a fault. They enjoy it so much that it literally consumes their lives. They become passionate about what they do. Lee Iacocca once said very bluntly, “What is it that you like doing? If you don’t like it, get out of it, because you’ll be lousy at it. You don’t have to stay with a job for the rest of your life, because if you don’t like it you’ll never be successful in it. “ Melanie turned something that she enjoys into a passion that fuels a successful business.

Albert Einstein declares ,” I have no special talents. I am only passionately curious.” Aren’t you curious if you too can turn something that you passionately enjoy into a premium concept? Let’s follow the examples of these ordinary individuals as they strive to make a difference. Each week, let’s 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

The Concept of Risk

One of the biggest obstacles in becoming an entrepreneur is understanding the concept of risk. The human nature has a natural tendency to avoid risk. But reality dictates that it is not risk that we try to avoid but FAILURE. Failure is an integral but unspoken component of successful entrepreneurship. Let me explain.

Henry Ford, one of the all time biggest icons of business and the man who jumpstarted a whole billion dollar automotive business says it best, “failure is the opportunity to begin again, more intelligently.” But, human nature does not like to fail. Correction, we do not like to risk. But many of us do not realize that failure is often times the greatest of all teachers. Robert F. Kennedy once said, “Only those who dare to fail miserably can achieve greatly.”

Michelle Yu is a risk taker. She is acknowledged to be the Philippines first lady driver in the sport of drifting. For those who do not know, drifting is the art of taking a car and asking it to do a mad ballet. Wikipedia defines it as a motor sport involving a technique, wherein a car is said to be drifting when the rear slip angle is greater than the front slip angle, and the front wheels are pointing in the opposite direction to the turn. Imagine an elephant ice skating, and you will see the picture.

Michelle has been featured on TV, magazines and newspapers for being very good at this sport. But beyond that, she is also a successful entrepreneur. She started a small business selling auto and character based shirts from a small kiosk located at the Maze in the Ayala Center Cebu. Today she is the proud owner of several businesses among which are the Off Price Store located at the Paseo Mall in Mabolo as well as distributing various automotive products such as Motul Oils, Mothers car detailing products, microtex and CK tint from Korea.

I asked Michelle her secret. “Success is not a measure of what you accomplish in life and how great you fared. But on how we stand up every time we fall and do better the next time.” I was surprised to hear that from her considering she is only 24. She started her own business at the age of 20. After successfully opening a small kiosk with PhP400,000.00, she automatically threw caution to the wind and started expanding, opening two additional stores in quick succession. Little did she realize that she was not ready for the additional pressure. She quickly found out that she lacked the management as well as the financial expertise to handle the 3 stores simultaneously. Worse was that, she discovered that she had a hard time managing her staff. It was a painful lesson. But it challenged her to do it right and to do it better the next time.

Young people can learn a lot from this young lady’s attitude. If you have never met her, seek her out. You will discover that she is no different from you or me. In fact, she is very ordinary, with no airs or frills. But what makes her extraordinary is that she is willing to take risks.

T.S. Eliot said “ Only those who risk going too far can possibly find out how far they can 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

Encouraging Entrepreneurship

I decided to get back into writing. I used to write a sports and lifestyle column for this paper in the mid nineties, so this is a reunion of sorts for me. But this time I wanted to write a column on something totally different, a new advocacy of mine, encouraging entrepreneurship. I wanted to write about what makes entrepreneurs tick, what convinces them to make the leap of faith. The difference is that I didn’t want to write about the giants of the industry or the icons of the field. I wanted to share with you stories of ordinary people that plunge into it and how they made it successful. What were their struggles, worries and concerns? How did they conceive their plans? What do they share in common with others? Most of all, I want to discuss the continuing quest, and struggle to make it. In other words, I want to share how we can all take one step up.

I started my first business selling hotdogs. Yes hotdogs. I was 21, in school, and I wanted to do something to earn a little extra money. I approached a good friend, and between us , we scraped together ten thousand pesos. We used five thousand pesos to design a stand, two thousand for utensils , and the balance for purchasing the ingredients, etc.. We named it “TechnoDog”. It was my first real foray into entrepreneurship. (Not counting my tendency to sell my toys or my brother’s toys at the age of seven, at least that’s what my mom tells me. )

I always take great interest when I listen to entrepreneurs tell their story. I remember Steve Benitez when he only has one kiosk beside Rustan’s at the Ayala Center. It was named the Coffee Club then. Who knew that it would mushroom to what it is now, the largest homegrown coffee chain in the Philippines. But everybody knows Steve’s story. If you don’t, I recommend you seek him out and listen. But do we know the story of people like Jon Ramos, who learned business as a young trader in Carbon Market. Today, he is one of the most successful financial planners in Cebu. Or Michelle Yu, who transformed a simple kiosk selling shirts into the value boutique that is The Off Price Store. Or one of the best stories is of Tess Albulario of Levi’s fame and Melanie Ng, who turned a hobby into business, the famous Premium Concepts. These two women are a inspiration to many out there about following your dreams.

A old Chinese proverb says “The man who removes a mountain begins by carrying away small stones”. Join me as I debut this weekly column on starting entrepreneurship. 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