as i was watching this program "tyra", they showed that the guests (worth 2 billion dollars) have a common denominator of having early crude visions which they actively act on to be clearer each day!
the past weeks i was thinking about how to handle my present business leanings. in this young business career (since i started with little or no help), i can see that im always leaning on the fun side of entrepreneurship in which i enjoy starting a business maybe because of the new learnings involved, more colorful people to interact and the unstoppable challenges that come along the way than striving to enlarge a present business which technically is much more financially rewarding.
im dividing my time too much on many concerns. satellite tv distribution, internet lan shop service, water refill station, gaming lan shop service, wholesale prepaid telecom loading, water vendo fabrication (possibly franchising later on) and independent arcade gaming vendos. we are also on the process of studying console gaming modifications, virgin coconut oil processing (actually designing our own process) and vacumm dried fish processing hoping to be materialized not later than 24 months.
i feel that each day of my life is an adventure i enjoy learning and actually seeing ideas through to be commercially viable. but its near to a point where i can’t physically attend efficiently to all this things as comparing to investing the same amount of capital on a single business where there is financial and personal focus. im still leaning on the harder but lesser income option (for now!hehe) since im not socially pressured to earn at this point of my single life and i believe that the learnings from a lot of unrelated fields (actually we rarely outsource jobs we tried learning PLC ourselves for example) would be more valuable later on when i have the social pressures to earn for my future family.
here is my vision for my 5 year future: i will continue to open unrelated business at least one in every 11 months in addition to my present line-up. i will not exceed 1m per investment (not to grow it too much). help technical course graduates to earn (would be most likely unemployed otherwise) and help them achieve things exceeding their expectations of their capability. by the time i’ll have my family i will use all the learnings, contacts and skills developed to make a medium size business (atleast 10m) together with my partner in life who is presently sharpening her auditing skills in top philippine corporations.
by that time, i believe that the businesses i was mentioning above would now be ineffecient for me to actively manage (a 1-2m business would cost much of my time by then!what a dream!hahaha). i am thinking about this option. why not make the employee who exceeded her/his expectations of their capability in each business segment a business partner! in that case, i could possibly help people who would be otherwise unemployed to be helpful contributors of the community and i on the otherhand would get passive income (income while you sleep in business terms) from the simple projects im doing today with less if not no time requirements for management. the small businesses would be very dynamic to last a long time since we will have frontliners who will be understood by middle managers (business partners who is now on their future shoes) who will have access to a strong marketing and accounting support from me and my future wife (this is the usual problem of small businesses).
me and my life partner on the otherhand could dream about bigger projects from our vast on field and industry experiences.
what a beautiful life to dream.
rj.juarez