bizchat pres nov 20 2010 rev
TRANSCRIPT
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+
AN ENTREPRENEUR·S SHARING
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+OBJECTIVES OF PRESENTATION
To share an entrepreneur·s experience:
pains and gains
To serve as food for thought for
aspiring entrepreneurs
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+QUIEL LAMPA- ATYPICAL ENTREPRENEUR
CPA, MBA, DBA STUDENT ( corporate path)
A UDITOR, CFO, CEO ( usually entrepreneurs from
corporate work come from sales/mktg.)
LATE STARTER, 55 YEARS OLD ( usually
entrepreneurs start young )
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+ORIGINAL TIMELINE
FINISHED SCHOOLING AT 21
PLANNED TO WORK FOR 20 YEARS
BE INDEPENDENT AT 41 YEARS OLD
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+EXSON DRUG
STARTED BUSINESS IN DEC 2008
DRUG RETAILING
SINGLE PROPRIETORSHIP
3-STORE ( SOON 4) OPERATIONS
20 EMPLOYEES
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+ONE-MAN JOB AT THE START
NO ASSISTANT/SECRETARY
´LAWYERµ, ́ PURCHASERµ, ́ ONE-MAN
SHIPPING CREWµ, ́ HRµ, ́ FINANCEµ,
SALES AND MKTGµ, ETC.
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+INITIAL ANXIETIES
IF BUSINESS FAILED, WHAT HAPPENSTO a.) LONG-TERM LEASE
COMMITMENT, b.) EMPLOYEES, and
c.) PRIDE?
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+CHALLENGES
LOCATION, LOCATION, LOCATION ( stiff comp fr pawn shops, barbers
shops, money changers, remittance center, etc..)
LACK OF PHARMACIST ( they go abroad, Med Rep, etc. )
WITH LOCATION, NO PHARMACIST, VICE-VERSA
GOVERNMENT BUREA UCRACIES ( BARANGAY, MUNICIPALITY, BIR, DTI, SSS,
ETC.. )
UNFAIR PLAYING FIELD ( competitors· low cost: tax, ́ ghost pharmacistsµ,salaries, benefits, etc. )
BANK FACILITIES: DEPOSIT COLLECTION, CREDIT LINE ( big adb
for pick up deposit, 2-year track record for loan facility)
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+BIRTH PAINS
LIMITED PRODUCT LINE ( initial143 SKUs to 3,000 now, )
EXCESS STOCK, OUT OF STOCK
VERY LOW SALES ( P 157.00 ON DAY 3 )
WRONG ASSUMPTIONS
NEGATIVE BOTTOM LINE ( expected but reality hurts)
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+REWARDS
FINANCIAL
SOCIAL
PERSONAL FREEDOM
PSYCHIC
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+CONTRIBUTION TO SOCIETY
EMPLOYMENT ( job creation, decent package )
PUBLIC·S WIDER ACCESS TO MEDICINES( quality and affordability)
FREE MEDICAL CONSULTATION
TAX PAYMENT
DREAM: ( to prove that even small players can comply with rules/reg. e.g. tax, wage,
SSS, Pag-ibig, Philhealth, etc.. )
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+PERSONAL FREEDOM
NO BOSSES TO CONTEND WITH
APPLY/EXPERIMENT LEARNINGS AT WILL
FAST DECISION
CONTROL OVER TIME
QUALITY TIME WITH FAMILY, FRIENDS, ETC.
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+INDIVIDUAL FREEDOM-NO BOSS
NO BOSSES vs. LAYERS OF BOSSES IN CORPORATE
WORLD
LINE BOSSES ( e.g. Area Director, Regional Director, EVP, CEO)
FUNCTIONAL BOSSES ( e.g. Finance, Audit, Medical, HR, Mfg.)
CONFUSING/CRISS-CROSSING INSTRUCTIONS ( can
frustrate )
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+INDIVIDUAL FREEDOM-EASY TO
DECIDE IMPLEMENT IDEAS AND LEARNINGS AT WILL vs. LAYERS
OF APPROVAL IN CORPORATE WORLD
DIFFERENCES IN APPROACH/PHILOSOPHY CAN KILL A BRIGHT IDEA
TAKES A LONG TIME TO DECIDE IN CORPORATE WORLD
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+INDIVIDUAL FREEDOM- BETTER
CONTROL OVER TIME MAY WORK LONG HOURS BUT HAVE BETTER CONTROL
OVER TIME ( pause at any time, walk, swim, read, listen to music, meditate, nap, etc.)
QUALITY TIME WITH FAMILY, FRIENDS, ETC. ( bring son to school,
attend son·s games/activities, travel)
PAST LIFE:
*reviewing contracts in hotel while vacationing with family
*call of a boss at 2 AM
*missed children·s school activities
* can·t rewind time
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+PSYCHIC REWARD
SELF-FULFILLMENT
A REASON TO GET UP DAILY AND BE
ON THE GO
´ entrepreneurship«....a path to a lifelived to the fullestµ, John Gokongwei, Jr.
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+SUGGESTED STORIES FOR ASPIRING
ENTREPRENEURS JOHN GOKONGWEI, JR.
HENRY SY
DRS HORTALEZAS, ( SPLASH)
DON MARIANO QUE ( MERCURY DRUG )
SAM WALTON ( WALMART)
STEVEN JOBS ( APPLE )
BILL GATES ( MICROSOFT)
MARK ZUCKERBERG ( FACEBOOK)
MANY MORE«.
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+PARTING WORDS
"People are always blaming theircircumstances for what they are. I don·t
believe in circumstances. The people who
get on in this world are the people who
get up and look for the circumstances theywant, and if they can't find them, they
make them.´ George Bernard Shaw