Lara lent me a book entitled The Price of Opportunity by Dr. Bill Quain. Honestly, I have not read a single page of it. I'll start to read it today. The cover of the book says that it's all about the relationship between prices and profits - and what it means to your business.
I always wanted to have my own business. I was the proprietor/manager of our small restaurant at the age of 20. I was too young then. The restaurant business only lasted for four months. I decided to give up after the cook died. I wasn't able to find a suitable replacement, and I did not bother find another one. It was a hasty decision. The birth and death of the resto are hasty decisions. I promised myself not to make any decisions without studying the pros and cons of any engagement. Unfortunately, that principle made me an indecisive person.
I always wanted to have my own business. I was the proprietor/manager of our small restaurant at the age of 20. I was too young then. The restaurant business only lasted for four months. I decided to give up after the cook died. I wasn't able to find a suitable replacement, and I did not bother find another one. It was a hasty decision. The birth and death of the resto are hasty decisions. I promised myself not to make any decisions without studying the pros and cons of any engagement. Unfortunately, that principle made me an indecisive person.
1. What do people need in a specific location.
ReplyDelete2. Walk around, get to know what people are doing in that location (eg. farmers? call center agents? businessmen? lawyers?)
3. Are those needs being met?
4. Who is providing those needs?
5. If there is already someone providing those needs - can you do a better job?
6. If not, HOW would the people who have needs like to get their need satiated?
7. If you were part of that "people" HOW would YOU like your need to be satiated?
8. Do you have the resources to follow through on your idea?
9. If for some reason, despite your best efforts nothing seems to be working - what is your fallback?
Roll the dice. Don't think twice. Life indeed is a gamble. I made many, lost a lot, struggling to start something new while learning from the old.
Ganun lang buhay. Can't take it with you when you die...