starting a biz with nothing

[AmorsoloX]

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For me Financial Industry is the best, the wealthiest industry in the world.

though everybody has his own opinion.. sa financial industry, banking ra ang kusog.. di man kaau kusog insurance and mutual funds karon.. and lisud maghimo imu own insurance company and mutual fund kay capital intensive.. kung gusto jud mo diri sa financial industry. pagstart mo inu own lending company.. kay kung mag brokerage pud mo.. magsalig ra mo sa mother company, wala mo direct control.. its not like everyone will sell his own insurance product..

ang kapait sa financial industry is mas more ni sila sa brokerage.. meaning imu income derived from commission if maka sell ka sa product sa lain nga company.. and kini ila mga products ani nga industry, dili jus inngon nga basic necessity.. so mas ok pa ang manufacturing or trading (wa labot kanang UNO2x)

When it comes to financial aspect people are really hesitant of this.
I myself is afraid of having debt. Who is not afraid then I love
doing business but I am coward of losing. I wish there will be somebody
who will gonna help me decide what I should do in doing business.

fear nothing.. if you believe that you will lose.. then you are already a loser.. why do you fear debt? with a sound business plan you should be able to tell if its going to be profitable or not..
in business, GUTS is very important.. if you dont have the stomach. your in a very bad situation.
we filipinos are hard-wired to fear debt just as americans are hardwired to used debt.. its all in the mind.. personally ako utang lampas na 5m. but still lami ghapon ako tulog and maka party2x pa ko..

what i learned in business is how to sell and how to raise capital... maski pa kuhaon tanan ako kwarta og ako belongings ok ra nako.. coz i believe in my abilities.. hambugero ko paminawn, but ang masuya nako kay kadto ra mga tao nga gusto mo parehas sa akong confidence.

dili jud necessary nga magdebt ka para mag biz ka. kung sakto imu capital then why pa man mag debt ka.. you have the choice to go into or not into debt.

Educating people how Financial Markets and industry works can solve their delima because most people are not educated about Money Markets that is why they are afraid.

i would agree on this.. you really need to know how banks operate.. you should know how banks will lend you capital for your biz.. but you dont need to be a very smart person to start a biz.. you just need to be creative.. but you should not focus much on money markets.. those are just numbers displayed on a screen.. they have no physical substance.. money has to be spent somewhere, that is why you manufacturers are at the top of the market food-chain

instead of learning the whole financial market, mas importante nga you should focus sa street market! you should know unsa gusto and unsa behaviour sa mga consumers. all the stocks,bond,options,and equities wont matter if wala mopalit sa mga solid goods..

the purpose of your money in business is ang imu capital naglihok para nimu and anytime you can pull it out kung gusto nimu. kay kung mutual funds and real estate ka invest, imu capital ma lock man gud.. dili bya daun mahalin balay, n dugay bya magmaute imu fund..

sa tanan ang pinka taas return kay sa manufacturing.. any kind of manufacturing.. (include nako construction dire coz they manufacture buildings). then there is goods trading.. (nagbusiness ka para mag sell og products gkan sa manufacturers), then third there is services (apil na food n tourism) coz mao ni sila mo process further sa products and offer them to the consumers..

[AmorsoloX]

For me Financial Industry is the best, the wealthiest industry in the world.

ang wealth ani nga industry is what i call the "floating money" or the "fictitious money". the money you dont see.. you cant access this money at any time.. much of this money is debt.. and kanang money nga gigamit is not really money.. its just a promise by financial providers to provide you with money..

financial indsutry is the most capital intensive.. wala bank gani magpautang nimu para maghimo imu financial institution..

try gani loan para mutual fund. reject lage ka sa banko.. mao ng sa credit card nlang paksi ang uban insurance and mutual fund sellers (like kanang sa sm nga naa nka credit card sir?)..

kapangit ani nga biz kay ma lock man gud imu capital.. para paspas imu growth, dapat dynamic imu capital.. mao mas nindut jud ang manufacturing and trading kay pagmakasell, bawi daun..

[lorenzoleo]

ang wealth ani nga industry is what i call the "floating money" or the "fictitious money". the money you dont see.. you cant access this money at any time.. much of this money is debt.. and kanang money nga gigamit is not really money.. its just a promise by financial providers to provide you with money..

financial indsutry is the most capital intensive.. wala bank gani magpautang nimu para maghimo imu financial institution..

try gani loan para mutual fund. reject lage ka sa banko.. mao ng sa credit card nlang paksi ang uban insurance and mutual fund sellers (like kanang sa sm nga naa nka credit card sir?)..

kapangit ani nga biz kay ma lock man gud imu capital.. para paspas imu growth, dapat dynamic imu capital.. mao mas nindut jud ang manufacturing and trading kay pagmakasell, bawi daun..

Yes, agree on your advice. But I have also long term goals, that is where is place my money. My short term goal is to sell this securities.
Dali bitaw ang income kung naa ka marketing. Ma baid pa sad imung negotiation skills ug closing a deal. Every successful businessman has that skill, they also have people skills. Mao ng nindot jud ning marketing na business. Aside from marketing also the education side the most important para dili ma ignorante ang tao. Mao ng daghan kaayo ma scam kay tungud wala na educate ug homok sad kaayo ang ilong kay abig pas2x kuno ang kita didto ug diha bira dayon, unya dili pa sad studyhan una kung sakto ba to na investment.

Moabot ra ang time in the long run na ang IMG kay mao nay one stop shop sa mga clients in terms of Financial services mao na akong na kita na vision.
Kusog pa kaayo ang banking kay daghan pa man tao wala pa kahibaw kung gi unsa sa banko ang kwarta pag pa tubo. Nindot man ang banks for emergency fund or business transactions or loans but for growing money, dili kaayo siya advisable. Muabot ra ang time puhun na ang mutual funds na ang mahimug alternative sa Time Deposit.

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[AmorsoloX]

Yes, agree on your advice. But I have also long term goals, that is where is place my money. My short term goal is to sell this securities.
Dali bitaw ang income kung naa ka marketing. Ma baid pa sad imung negotiation skills ug closing a deal. Every successful businessman has that skill, they also have people skills. Mao ng nindot jud ning marketing na business. Aside from marketing also the education side the most important para dili ma ignorante ang tao. Mao ng daghan kaayo ma scam kay tungud wala na educate ug homok sad kaayo ang ilong kay abig pas2x kuno ang kita didto ug diha bira dayon, unya dili pa sad studyhan una kung sakto ba to na investment.

Moabot ra ang time in the long run na ang IMG kay mao nay one stop shop sa mga clients in terms of Financial services mao na akong na kita na vision.
Kusog pa kaayo ang banking kay daghan pa man tao wala pa kahibaw kung gi unsa sa banko ang kwarta pag pa tubo. Nindot man ang banks for emergency fund or business transactions or loans but for growing money, dili kaayo siya advisable. Muabot ra ang time puhun na ang mutual funds na ang mahimug alternative sa Time Deposit.

i see.. so what you mean are mutual funds.. ok ra man tana.. but para nako ma lock man gud capital until mag mature.. although nindut kay higher interest rate, dili kaau kasaligan ang mutual fund kung gusto ka sure income.. naa man ghapon possibility nga ma down just like what happened in the US.. mas effective pa ang direct trading sa company stocks..

for me, nothing beats businesses for growing money, assuming of course you know what your doing

in a business, Control is very important.. to be able to guide your money making machine to produce more money is very good.. you have the ability to put in -pull out capital anytime you want.. sa mutual fund, you dont have such previledge

i invest on companies that would give me atleast some form of power.. mao ng dili jud ko mo invest sa mga public companies.. i go for small private corporations.

[lorenzoleo]

i see.. so what you mean are mutual funds.. ok ra man tana.. but para nako ma lock man gud capital until mag mature.. although nindut kay higher interest rate, dili kaau kasaligan ang mutual fund kung gusto ka sure income.. naa man ghapon possibility nga ma down just like what happened in the US.. mas effective pa ang direct trading sa company stocks..

for me, nothing beats businesses for growing money, assuming of course you know what your doing

in a business, Control is very important.. to be able to guide your money making machine to produce more money is very good.. you have the ability to put in -pull out capital anytime you want.. sa mutual fund, you dont have such previledge

i invest on companies that would give me atleast some form of power.. mao ng dili jud ko mo invest sa mga public companies.. i go for small private corporations.

In mutual funds, your investment is very liquid. You could anytime redeem or invest. It is not like an insurance product. Mutual funds is buying of shares of the entire fund. it is very liquid anytime you could redeem but take note of the NAVPS. If you want short term, don't place it in mutual funds, mutual funds is very good for long term.

In mutual funds you are entitled with ownership not a loaner. Since you buy shares of the whole fund.

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[entz_fire]

up nato ni para makabalo tanan unsaon pagbusiness

[AmorsoloX]

sa ako real estate biz, mo earn pud ko from commissions from insurance.. dako2x ako commission kay direct ko sa insurance companies... hehehe nindut jud ng imu biz flexible.. maximise profits.. never focus on one product alone..

[lorenzoleo]

sa ako real estate biz, mo earn pud ko from commissions from insurance.. dako2x ako commission kay direct ko sa insurance companies... hehehe nindut jud ng imu biz flexible.. maximise profits.. never focus on one product alone..

Yes, I could sell from healthcare, life insurance, non-life, investments. One stop shop na tanan. Ang pinaka ka important nako na product kay ang Financial Concepts, theories, and application.
Diri nanako I dedicate akong life ug family sa Financial Services kay dagko ni na business in the long run.

[AmorsoloX]

In mutual funds, your investment is very liquid. You could anytime redeem or invest. It is not like an insurance product. Mutual funds is buying of shares of the entire fund. it is very liquid anytime you could redeem but take note of the NAVPS. If you want short term, don't place it in mutual funds, mutual funds is very good for long term.

In mutual funds you are entitled with ownership not a loaner. Since you buy shares of the whole fund.

somehow wala ghapon control over the operations of the company. mutual fund is just a product,.. each mutual fund company owns several funds..

naa mas nindut nga alternatives sa mutual fund for long term.. government bonds.. sure jud na, n mas dako pa jud return except cguro kung magrevolution.. dako og kita..

by the time mag mature na ako mutual fund, naka establish nako 3-5 businesses.. on which mas dako ako earnings n mas paspas pud ang return..



daghan kaau mutual fund holders na TY ang investments tungod adto recent market crash..

[AmorsoloX]

Yes, I could sell from healthcare, life insurance, non-life, investments. One stop shop na tanan. Ang pinaka ka important nako na product kay ang Financial Concepts, theories, and application.
Diri nanako I dedicate akong life ug family sa Financial Services kay dagko ni na business in the long run.

naa ko plan mo sulod sa financial industry.. but dugay pa.. ako plan kay maghimo ko rutal bank nga mo provide ana nga mga services, basically a one stop shop jud.... mas dako jud kita kung ikaw mismo tag-iya sa companya..

before ana, mosulod na cguro ko sa real estate development.. instead of being a broker lang, mas dako jud earnings if ikaw jud service provider..

as of now, naghinay2x pa ko study sa construction.. mo sulod ko dire maybe mga next year. hehe

mo invest ko kung aha ko mka kwarta.. pero sa ako observation. naa jud sa manufacturing pina ka dako earnings.. i carefully study maslow's heirachy of needs

i dont think im dedicating myself to a single field.. where there is money to be made, im there..