How The S-Quadrant People Choose The Type Of Business They Get Into by COACH RYAN VERGARA

1.Their passion - a type of product or activity they like doing (i.e. food, soap, setting up cars)

2.Their skills - they were told that if you're good at something make it a business (i.e. if you're good at cooking so put up a restaurant, if you're good at writing write a book)

3.Their previous jobs or profession - they believe they can start a similar or exactly the same business as their employer's (i.e., a former engineer of a big firm suddenly puts up an engineering consultancy business or a construction business)

4.What's in - they look at what most people do for business (i.e. noodle kiosks, prepaid cards,gluthatione soaps, websites)

5.Get rich quick schemes - they want quick bucks so they go for "easy sounding" stuff (i.e. pay per click schemes, pyramiding MLMs showing them checks or fancy cars)

A staggering statistic says 90% of all businesses fail within their first five years of startup. From the 10% that survive the first five years, only 5% go on to their tenth year.

Some wanna be entrepreneurs would go as far as to attempt to compete with known companies. I have heard of things such as "the product that my business offers is better because (explaining how it's made or the contents" or "Filipinos love better what is Philippine-made". Funny because they don't see the big picture. It's systems that run businesses not products. For instance, if your business sells soaps, how can you compete with companies that put millions of DOLLARS R&D to each of its products per year? How can you compete with their business system of sourcing raw materials, global manufacturing, global distribution, offering of stocks to the public (which makes them bigger)?

In the Core Team before we develop WORLD CLASS FILIPINO PRODUCTS we first develop WORLD CLAS S FILIPINO BUSINESS LEADERS. That's why we do it in stages:

Stage 1: We partner with a Multibillion Dollar Global Distribution Company. This frees our mind from the headaches of small businesses (i.e. inventory, accounting, employees, manufacturing,overhead costs). We then can focus our attention into building leadership skills and mastering systems. The business' system allows us to create excessive Cash Flow. This is the stage where we enter the B-Quadrant. We build and expand our network as well as build multiple streams of passive income (in preparation for the next stages). Most believe we earn from recruiting new people - they don't really understand so they are not in our league.

Stage 2: We become Real Estate developers and not mere agents, flippers or small-deal landlords (as most real estate wanna-be's become). The network we have built from Stage 1 shall be our business partners, investors and even clients (talk about creating your own market). The Cash Flow we have built from Stage 1 becomes our financial report card that creditors and other investors will look into when they fund our projects.

Stage 3: We can start or invest in any business we want. Why? Because at this time we already have the following: Network and the 3Es (Education, Experience and Excessive Cash Flow). Now in this level we have already grown to be World Class Business Leaders (from the things we learn in Stages 1 and 2). This is the stage where we can develop WORLD CLASS FILIPINO PRODUCTS that can be globally distributed.

More about the author: http://www.ca2020.net/profile/RyanVergara

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