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BENEFITS OF GOING INTO ENTREPRENEURSHIP

Having unlimited opportunity to make money.

When you have your own business, you will most certainly have unlimited potential to earn money. How much money you earn depends on the time and effort you put into your enterprise. Successful entrepreneurs have earned their wealth and prestige through hard work and by having the right product for the right market at the right time.

Bring your own boss.

As a manager of your business, you make the decisions for your enterprise and take full responsibility for these. The quality of these decisions will translate into either gain or loss for your business. Being your own boss means you are in control of your future. You have a better grasp of what you want to be.

Tapping your incredibility.

A business usually starts out as an idea. You will have the opportunity to harness this creativity and turn your idea into products and processes.

Overcoming challenges and finding fulfillment.

Starting a business is by itself an accomplishment. Running a business tests an entrepreneur’s capability in securing and managing resources. How well a business turns out depends on the owner’s ability to face challenges and overcome difficulties.

Helping others.

In the process of running a business, an entrepreneur employs workers, and pays them income which improves their lives. Anentrepreneur who succeeds and grows also helps suppliers, sub-contractors, dealers and other business connected to him succeed and grow too.

Building an entrepreneurial legacy.

A business can be a lasting legacy to the family. It can ensure employment for some members of the family. It can create an enterprising culture than can be handed down through the generations.

source: www.cfbc.com.ph

It's not HOW MUCH you EARN but HOW MUCH you SAVED that makes you RICH!

A Person with Savings Can Walk Tall

A. F. Bannerman — January 8, 2010

The state of your savings does have a lot to do with how tall you walk. Your savings affect the way you stand, the way you walk, the tone of your voice, your physical well-being and your self-confidence.

A person without savings is always running. He must.  He must take the first job offered, or nearly so. He sits nervously on life’s chairs because any small evergency throws him into the hands of others.

Without savings, a person must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live.

A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not be rushed by economic necessity.

A person with savings can afford to resign from his job if his principles so dictate. And who can afford to quit is much more useful to his company, and therefore more readily promoted. He can afford to give his company the benefit of his most

candid judgments.

A person with savings can afford the wonderful privilege of being generous in family and neighborhood emergencies. He can take the level stare of any man... friend, stranger or enemy.  That ability shapes his personality and his character.

The ability to save has nothing to do with the size of income. Many high-income people spend it all, darting through life like minnows, But as the dean of American bankers, J.P. Morgan once advised a young broker:

"Take waste out of your spending; you’ll drive the haste out of your life."

If you don’t need money for college, a home or retirement, then save for self-confidence. And with the self-esteem and peace of mind that comes from having, walk tall through life.

OFW to OFI (Overseas Filipino Investor)

The real OFW hero is also an investor in RP

Hansen Sy - Philippine Daily Inquirer — March 16, 2010

I REFER TO THE EDITORIAL, "Passport to properity?" (PDI, 10/27/05) While it is true that working abroad somehow gives us a passport to prosperity, it’s still just a step closer. I believe that our positive response to Sen. Manuel Villar’s call for us to go up the next level from OFW to OFI (overseas Filipino investor) will make prosperity a reality. House bills like that should be passed expediently.

Many of my friends here in Singapore, including myself, dream of putting up our own business. We are determined to help the towns where we come from gererate wealth. Brain drain only happens when we totally uproot ourselves and never go back. But there are many of us OFWs who consider this stage of our lives as only a season of learning and acquiring better skills. We dream of going back and helping our communities realize their potentials to be economically prosperous. The question for us is when. When do we go back? Apparently, this becomes the hardest question everyone of us struggles with. When things become perfect at home? No, we realize that there is no perfect timing.

So while we make it out here and figure out how to make it there again, we urge our lawmakers and our rich countrymen who are capable of creating businesses, to improve our country’s economy, so that opportunities for employment will be aplenty, and we would need foreign talents more that we need to export local ones. And all of us OFWs would go home.

While we a re called the new heroes of our economy, we don’t really feel like it. Once, a Singaporean taxi driver asked me what I was doing is Singapore. And then he went on to boast that he’s got a chicken farm in Mindoro even if he’s not a Filipino or even if he doesn’t have a Filipino wife or family, because he wanted to help our poor country. He advised me to go back and make our country wealthier. I may doubt his sincerity or scorn his bragging, but the truth is, most of us here would really like to go back and help our country become better. And see ourselves sending money from home to destitute places in Africa or to other needy places in the world. That makes for real heroism.

Who does not want to be called a hero? But most certainly, none of us OFWs feel like one. Those who generate wealth from our own resources back home are the real heroes. They are the pillars of our economy. OFWs are here today, gone tomorrow. So, may all OFWs be OFIs and be a "brain gain" for our beloved country.