Archive for March, 2007

Family Time

 

Sunday is coming just around the corner. I just was being reminded by my one of my business partner to attend to his daughter wedding reception at UBD. Ironically, he can’t remember the time of the function.  His situation reminded me of an advice from one of the leading business consultant expert in Asia. It is not a good business attitude if you can’t even care about your family.

 It is not a good business attitude if you work harder all day all week, 24/7 with your business without having any time spent with your family. Such business attitude will lead to social problems, such as broken family. Kids and your wife or husband felt left behind over a long distance. I feel so sorry if such things happen to you. That is why I always remind myself to have some spare time with my family. I love my wife and my daughter so much, as they are my life precious jewels.

When or before you choose to venture into any business, I would like to suggest running and owning a business that will leave you some room for a time spent with your family. I choose aquaculture in the fish line, as it won’t require me to work all the way from early morning to late evening. Even during nursery stage, fish only requires you to take care of them during the day. They (the fish) don’t want them to be bothered during the evening. During harvest time, my workers and I only do it in the early morning hours as fish only good to be harvest during those periods. If you try to harvest it by 10am onwards, you are looking for unproductivity. Killing the fish early at so much number and killing your time as well. Not forgetting your effort and wasting your profitability.

In the afternoon until 4pm are my free time to do my other works such as research, brainstorming, marketing, lunch with my wife and my daughter, go to the banks and so forth. Between 4pm-5pm are my times to go to the fish farm and feed the fish. In the evening after 6pm, watch CNBC for forex & commodity stocks news, world business events or watch the Discovery or National Geographic Channel. Within this time I also spent my time with my daughter.

 Working harder and taking most of your time for business, for me is not a wise move. I believe in working smarter and taking your business time in a smarter ways. Committing your time 101% or more for your business just to earn that money, is time not well spent. It is just like hiring 10 people doing one work that one man can simply handle it. Or just like asking a machine to work on full capacity but only turning out less than 10% of its 100% capacity.

So be wise taking your time for business. The reason for me quit my job at IDBB is time. I have to devote more time with IDBB than my family time. What is the point working so hard, coming to home with tired face and no family mood, and get paid the same as other people who have more family time.

Projected Cash Flow

Today, I have a great meeting with Mr Jun and Mr Noel. Both are great guys from one the leading hi-tech indoor fish farm operator. They represents Australia’s famous Fish Protech. The world’s first sustainable land-based indoor fish farm.

We have been in negotiation for this project since September 2006. We are making good progress all the way and we expect to have full swing production run by 2008. In today’s meeting we are finalizing the projected income and project schedule and budget allocation for this year fiscal project. The latters will come back to me with new projection before this coming weekend.

I am happy with the projection today, and if everything push through (subject to government approval in some instances), we shall churning out sales of well over $700k annually. Again all projection only on paper based on actual operational experience from overseas. The real one has yet to be seen.

Last night I saw some down trend on the stocks I anticipate to purchase in the NYSE. Even though both Dow Jones and NYSE posted healthy index points. The stocks I have focused on, has downed as much as 20% in its previous values. If I have brought it early this week, I would see a loss of nearly $1,000 but still make a little profit of $160 the most. Some analyst in the stock exchange believes, with its current oil & gas exploration project underway (and more to comes) the company will post higher earning this coming months.

I have planned my own business strategy. As an active trader and entrepreneur, one must be well aware of the situation that may affect the profitability, and one has to be patience yet speedy at the same time. Business is just like a work of art. ;)

 

Another Wall on the Street

After the long wait yesterday, I finally come to another wall before I can succeed in the trading business. Sarif has informed me last night it was not possible to buy lobster at the target price Mr Andre targeted for to serve the Taiwan & Hong Kong market.

Lobster price in Malaysia currently hover around RM 60 per kg. No where near the target selling and buying price. The price does not include airfreight cost from KK to Taipei.

Now I put another strategy to make sales locally by importing certain fish for the fish fillet market here. Again pricing plays an important factor, as with the supply capacity from Malaysia. I must ensure the suppliers are reliable and quality conscious. Because, I want to be the best and quality supplier. Not just get the quick big buck business.

You may wonder why I do not just get the fish locally. Brunei actually has very great quality fish. But quality fresh fish comes at a price. To compete with imported fish fillet, I need to have competitively priced whole fish. Brunei fish landing price no where near my targeted price. But for premium restaurants and hotel that require fresh quality fish, I will turn to Brunei catch fish.

For the new entrepreneurs out there, all I can say the challenge is all around and never ending. Just like what I have endured. You need to be patience, but at the same time work at speed and be creative in looking and creating opportunities.

Ride Your Bike Safely

This is probably old.

However nowadays, I see an encouraging rising numbers of riders (inclusive the one I named Bandit *heheh*). Yes I was a former R6 rider. It was all because of interest and hobby. Sports Bike was so attractive to my eyes then (and now! Pakal saja sudah berkeluarga *heheh*) Kalah attractive nya sexy women yang kuai lintas atu. They just like small ants to me *heheh* No offence ladies! ;) Anyway, now I always watched those riders especially during rainy days, rode like hell as if jalan raya atu inda lagi kan cukup! Oh well, to them bikers would be a challenging and fun riding (apanya orang sajaaa tunjuk skill!! macam aku dulu woahaha!) but how about to other road users example motor vehicles or trucks?? It would create danger and hazard. Let me tell some tips and consequences on riding bikes in a proper and safe manner during wet seasons (oh well to those who doesn’t even bother to read, manatah saja! :P This is just few tips I found).

How to ride safely in the wet.

wet

Why would I want to ride in the wet?

Because it can improve your skills in the dry – and because whether you like it or not, even the sunniest weather can change for the worse when you’re miles from home. Wet roads require a greater level of skill to deal with than dry roads – and any lack of ability will be exposed more ruthlessly. So if you can learn to ride confidently in the rain, you’ll be a much better rider all round. In fact, next time it’s raining, stick on the waterproofs and go put the drills outlined on this page into practice.

It’s all in your head

Riding in the wet, with the reduced grip on offer, is a big mental challenge as much as a physical one. But with practice and experience, we can gain a confident feel for a bike’s capabilities, just as we do in the dry.

Sure the bike will twitch a bit over lines, metal covers and tar banding, but bikes rarely crash themselves. If you are able to stay relaxed with your eyes and the bike pointed and driving gently in the right direction, things will probably sort themselves out. It’s not always possible to suss every tyre-taxing situation in advance, but if you monitor the state of corners before you get there and pick a smooth, clean line through, you’ll find it’s easier to keep things sunny side up.

Riders having a particularly nervy time will sometimes retreat into their own helmets, thinking nice thoughts of home and a warm bunk-up – just when maximum concentration is most needed. This is a classic sign of mental fatigue. So if your mind is constantly wandering, then it’s safer to stop and have a cuppa until you’re ready to remount with a clear head.

I can see clearly now…

If you can’t see clearly, you are bound to ride nervously. So make regular stops to clean your visor (and give your lights a quick wipe so others can pick you out of the gloom). Visor treatments or Fog City inserts will reduce visor misting, but so will simply breathing through your nose rather than your mouth. If you find this difficult, then you are either scared, have a cold or have just had to pick your bike up. In the first instance slow down, in the second seek the advice of a chemist, and in the third read this page carefully and it won’t happen in the wet again.

1. The key to getting power down without spinning the back wheel is transferring weight and load progressively on to the bike’s rear tyre. Gently does it in corners, feeding in power as the bike comes upright. Once fully stood up, it’s possible to put larger amounts of shunt down – if you open the throttle smoothly and don’t snatch at it.comes upright. Once fully stood up, it’s possible to put larger amounts of shunt down – if you open the throttle smoothly and don’t snatch at it.

2. Concentrating on the finesse of wet riding is made more difficult when you’re cold and wet. So make sure you’re properly equipped. Get a pair of waterproof gloves and make sure that the cuffs on your jacket are wide enough to go over the top of the wrist section of your gloves, so water doesn’t run down into them, soaking your hands.on your jacket are wide enough to go over the top of the wrist section of your gloves, so water doesn’t run down into them, soaking your hands.

3. Fear induces tension; tension leads to jerky riding. As wet weather riding is all about smoothness, this downward spiral must be broken. But first it must be recognised. Monitor yourself – are you breathing hard and misting your visor? How is your heart rate? Do your forearms and hands ache? These are the classic signs of tension.

4. The first step to reducing tension is to slow down to a speed at which you’re entirely comfortable. Take some deep breaths through the nose, roll your head around and flap your elbows to and fro, like a damp chicken. Once you are relaxed, with the mental space to work on refining your smoothness, it’s possible to build speed.

5. As in the dry, it’s important to look well ahead. Staring just ahead of the front wheel is useless – by the time you can react to anything, you’re past it. So check out the road for potentially slippery hazards as far ahead as vision allows. Watch especially for the telltale rainbow of spilled diesel – doubly lethal in the wet.

6. By shifting your weight on the saddle to the inside of a corner, or simply sticking out a knee, you will need to lean the bike less for a given speed. Craning your upper bodyweight into the corner will do the same. If you want to shift your backside around, then get in position before the corner so you’re not destabilising the bike mid-bend.

7. As riders become more experienced, a feel for what’s happening at the tyre develops. It takes confidence and a lot of sensitivity to start exploring the limits of grip. Pushing the front is not recommended, so keep the load on the rear tyre by gentle acceleration. Placing the balls of your feet on the pegs’ ends gives added feedback and mobility.

8. Smooth gear changes minimise wheelspin, so be gentle with the throttle when shifting. Clutchless up-changes, dipping the throttle as you change and bringing the power back in progressively are best. On down-changes, blipping the throttle (raising revs briefly before the clutch is let out) to match engine revs with wheel speed stops rear lock-ups.

9. Just as with putting power down at the back, using the stoppers requires weight to be transferred onto the working (front) tyre before power can be built up. A snatch at the lever will cause the wheel to break away, but apply pressure gradually and a surprising amount of brake can be applied without the front locking up.

10. Mid-bend slip hazards are multiplied in severity by rain, so do all your braking upright and enter corners cautiously, looking through the bend and assessing conditions to deduce the best line. Go in slowly and the bike can be picked up and accelerated earlier – you’ll make up most of the time you lose to lower corner speed.

11. Bikes feel at their most composed when some power is going through to the wheel, keeping geometry stable, so try to keep the bike balanced in corners by gently ‘driving’ it through. Although you may want to ride a gear higher than usual in the wet, try to stay in a responsive cog so there is always drive there when you want it.

12. Your stopping distance will increase dramatically on a wet road surface so create more space between you and traffic in front. Extra caution is needed at junctions, as drivers’ vision will be obscured with rain and spray, so ride with lights on and move around in your lane a bit to give them a better chance of spotting you.

 

Hope this saves your life and decrease the death rate in Brunei due to road accidents

 Cheers Brunei!  ;)

 

Be Focus One At A Time

 

If you want to be successful in any business, the secret formula is focus on things that you love doing and understand it. Don’t try to lose focus and start other new things when you failed. Doing so will lead you into more problems and troubles as you may not understand the new things that arise the problems.

As Warren Buffet saying, people who diversify its business are the one who will be the loser in the game. I found that to be true. I see it from my own eyes. Example like one of my friend running a company with no core business in mind. The manager, Jimmy, never focuses in any businesses one at a time.

Jimmy was once a millionaire, but due to his flamboyant lifestyles, he spends too much on entertainment and did not concentrate nor focus on his business. In the late 1990’s, he was at the brink of financial disaster that leads him to cashless and worthless. Now, Jimmy tries to do his business to regain his glorious time. But then again, he was not focus in or on one thing. He believes in doing diversified business in multiple fields will help him climb up the business ladder to the top in no time.

Being with him for the last 10 months, he only climbs the debt burden ladder. Creating debt everyday by borrowing other people’s money and failed to create cash flow to his business. Eventually, he failed to payback the borrowed money.

Why? Simply because he did not FOCUS. One week he will say he will do car exporting business. The next week, he tries to do timber trading business where he never ever has a good knowledge in timber trading. Hoping luck to cash in the big bucks. The next following week, he tries to sell lobster from Indonesia to China. Again, he lacks the current buying price in China relying old information back in the 90’s. The next thing you know, he tries to sell Easi recharge cards just because he listens to other people making some fortunes out of it. Then, he tries to venture on the aquaculture business, where he thinks fish makes lot of cash. But he never ever understands the challenge and the cost of culturing fish from fingerlings to the harvest time.

*sigh* I am feeling very sorry to Jimmy with his ever growing debt burden. His friends chasing him like hell for the money he has borrowed. I have repeatedly advised him to focus, but his ego has overwhelmed him. Its a pity he rarely listened to what I have told him.

Thanks to him, all the personal accounts and experiences I have encountered together with him, have widely open my eyes and mind to learn from past mistakes and failures and generate new ideas to amend them into venturing towards triumph and victory, Insha’Allah ;)

Greedy Eater

Long Queue

It’s been a while since last week, waiting for the right information in front of my desk, for the price list of the seafood required by one of my clients in Taiwan. Mr Andre, based in Taiwan, have been patiently waiting for my shipping confirmation and the product & price list of the lobster he requires.

Now, Monday has come and I am still waiting for the price list from one of my supplier in Kota Kinabalu (KK), Malaysia. Mr Andre has repeatedly messaging me from his office on the matter. Apart from Mr Andre, one of my Indian client also patiently waiting for the canned tuna that I would be supplying for them.

I have to wait (for how long, I still don’t know :( ) from the Singapore office supplier to release their price list of canned tuna destined for India. Indian market is huge, and would certainly require a massive volume order. One problem with this canned tuna supplier is their payment term. They just informed me this morning from the meeting I attended with them hat they insisted on C.O.D. In other words, they need CASH. They didn’t like my idea on LC payment.

I have to turn to one of my associate here in Brunei for CASH. I just wonder the capacity he has to meet this Indian’s order. Well, only time will tell.

This afternoon I just hope Sharif, my other business colleague will tell me good news from KK about the fate of lobster supply. I wish my company can start supply & shipped to Mr Andre very soon. The sooner the better my company earned money for 2007.

In this, again, it’s another long wait………………………

Long wait........

Ambitious Man

In the Corporate World, my role model is Mr Donald J. Trump. I have always been following his track ever since there was a reality show called “The Apprentice” which was produced by Mr Donald trump himself. I first bought his book some time 2 years ago and it meant so much to me because my wife bought it as a gift to our wedding (we were just married then!). ;)

Mr Trump is actually a real estate developer. He came from a wealthy family as his father was also doing business then. Although you might think he inherited his current major wealth from his father, he actually did not earn it through him. His father then was a very strict man and he did the right thing for not making his son a spoiltbrat, just like what happen to the young generations today!

to be continued……

Hello to the Real World!

This journal is specially created to share my real world experience as a new businessman or entrepreneur, since I last left one of Brunei’s greatest Islamic bank, IDBB (formerly DBB and now BIBD) some time in late 2003 .

To tell you the truth and you may be aware, it’s not damn easy being a businessman in the ever challenging corporate world. Your competition is all around, and sometimes your best friend could be your greatest competitor – or at worst – your enemy!

I have been through and faced a lot of struggling, collapsing, rebuilding,  backstabbing people, and worst yet been dumped in the lowest position, that is being  jobless and left nothing to feed my family. :(

This is my story and the next future of my ambitious will to rebuild my own empire… Insha’Allah. ;)


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A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing.
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