How a principle builds and destroys a business?

Principles are the building blocks of success. They create attitudes; attitudes form skills; and skills make systems. In business sense, a business principle creates business attitude, that attitude establishes business skill, and that skill give birth to business systems. Thus, a principle or a belief is the mother of all attributes of a person. A good principle crafts a good businessman, and a good businessman does good business. So specifically, how does a principle build a business? Let us consider an entrepreneur whose belief in life is to preserve justice and equality among all people. His values and attitudes are based on that principle. He is just, responsible and accountable. With his responsibility and accountability, he doesn’t stop learning to become capable of managing his business well. With all his knowledge, he formulates and creates systems that are aligned to benefit all his business stakeholders (owner, investors, creditors, workers and customers). His systems in running his business protect the owner, investors and creditors. Those systems also compensate well his workers and guarantee the satisfaction of his customers. Consequently, his investors continue to invest, and his creditors continue to lend their money on him. Likewise, his employees become happy, motivated and productive. Read more

10 business lessons I learned from Facebook’s Farmville

Business lessons can be dug anywhere and anytime. If you have the entrepreneurial mind, you can reflect and learn important business virtues from your simple daily activities. I’ve been an ardent Facebook user for a couple of months now. The world’s most popular social network site is really fun and interestingly interactive. There, you can enjoy great games and applications including some marketing tools to promote your site. And here comes one game called Farmville – the only game I can allow to play for myself for currently experiencing time poverty.

Farmville is a very popular Facebook game application created by Zynga, a prominent company and developer of social games on the web.  It has more than 55 million monthly active users as at the date of this post. Inside the game, you can create your own farm, plant fruits and vegetables, raise nice animals and decorate the farm the way you want it. You can also send and receive gifts to and from your friends and neighbors. In the market, you can buy your desired seeds to plant, animals to breed and other stuff and infrastructures you want depending on your current level. As of the writing of this post, I’m just in the 12th level of the game. Nevertheless, I already enjoyed and had so much fun with it. And beyond that, I have learned the following ten business lessons that every business owners and entrepreneurs should reflect. Read more

The Philippine Blog Awards 2009: Business Category

On Friday, October 9, 2009 at PETA Theatre, Quezon City, Metro Manila, the Philippine Blog Awards for 2009 will be held once again. This is the third time that the prestigious awarding body organized by the Philippine Bloggers Awards, Inc. will be giving recognition to outstanding Filipino blogs and bloggers. The theme for the 2009 Philippine Blog Awards is “One Blogging Nation”.

The 1st Philippine Blog Awards was successfully held on March 31, 2007 at the RCBC Theater, RCBC Tower, Makati City with over 200 bloggers and participants attending the awards night. Then on the 21st day Read more

Best Business Quotes: 1-5

Quotes are short words yet precious as gold phrases that change people’s lives for good or even for greatness. They serve as our inspirations, lights, and strengths that help us achieve our goals. In my path to entrepreneurial success, I always bring with me my best business quotes. Some of them were lessons I learned during my business journey. Others are my original quotes which are already in my day to day life since I was young. Regularly, I will share them here for all my guest and readers. I’ll also publish new quotes that I may learn in my future life as an entrepreneur.  To start, I give to you my first five business quotes. Read more

Top ten reasons why business fails

We build our businesses to let them live, run and grow. That’s why business failure is a happening that we always wish and pray to never come out into reality. But how can we avoid it? Even the giant companies fail despite of their gigantic assets and equities. More and more small entities also become unsuccessful. However, this doesn’t mean business success is an impossible dream. We can be successful entrepreneurs. To achieve that, we should learn the reasons why business fails, and do our best to overcome them. Here is the list of the top ten causes why businesses do not succeed:

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