Month: February 2023
Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it’s amazing what they can accomplish.”
Sam Walton
In 1962 Sam Walton opened the first Walmart in Rogers, Arkansas. By 1970 it became a chain of stores across the country.
From Walton’s Biography, Made In America: My Story, he outlines what he believes to be the ten commandments of business management.
1. Commit to your goals
2. Share your rewards
3. Communicate all you know
5. Value your associates
6. Celebrate your success
7. Listen to everyone
8. Deliver more than you promise
9. Work smarter than others
10. Blaze your own path
Walton firmly believe that “individuals don’t win, teams do.” When Walton died in 1992 he was the richest man in the world.
For a lot of foreigners, retirement does not mean not doing anything. You can find individuals that open a profitable business Philippines venture in order to keep busy and make money as well. Most of them come into the region flush with cash from having retired and so are aiming to build a new start in a country where the living costs is a lot more affordable. That is why you will notice plenty of small startups all over the country that are owned by foreigners. If it is your first time to work within the Philippines and want to prevent the stress of dealing with day-to-day operations, landlords, employees, inventory, as well as other such matters, allow me to share several opportunities that might be definitely worth your while.
One great place get started on if you want to open a company Philippines venture is to buy fixer-upper properties, renovate them and then sell them off. You’ll find numerous properties that are in a condition of disrepair and in case you’ve got experience in building homes and doing repair work, you will see that this is one opportunity where you could generate a nice profit. It might be advisable though, to get your own licensed Philippine broker in order to navigate the market as to what properties are worth renovating and selling.
The next thing listed where you can do good business within the Philippines is to build an apartelle. This is something that is uniquely Filipino and can be found all all over the country. An apartelle happens to be an apartment building where all but one of the units is rented out long term. Operating one of these can be done on a nightly or weekly basis, similar to a normal hotel, hence the combined name. Getting yourself into this will require heavy capital investment on your behalf, but with the right property together with a focus on rural areas and smaller cities, you can construct a small 4 unit building for about 3 million Philippine pesos, excluding the price of the land.
The third item that is also worth mentioning is farming. Considering the halt on the Agrarian Land Reform program (CARP), the private sector could have renewed confidence to invest in agricultural production once again. For the longest time, CARP has held back purchase of both production capacity along with farm acquisition. Now that it’s ended, land prices will go straight back to being valued for their own higher income producing potential.
For individuals who want to open a profitable business Philippines venture that is passive yet will yield a fantastic ROI, right here is the one. Farming has long been structured via the developers (all foreigners) to be an actual one turnkey investment price, which includes the buying price of the land, in addition to the clearing, planting, cultivating, and harvesting for the first few years. It has a price that’s intended to fit the capital investment budget associated with an average foreign retiree, and all landowners are going to be members of the co-op that can share in the usage of farming equipment. Farming operations will likely be handled by the developer’s management team.
Business within the Philippines is one thing that you should consider, especially if you really are a foreigner with a nice retirement fund. There are lots of opportunities around, however these three are some of the ones which could help you to get started.
Receiving orientation to a new organization or assignment, acquiring knowledge and learning new skills, and building workplace -connectedness- are all valuable benefits of a strong mentoring relationship. As many as 70% of employees credit one or more mentoring relationships as being instrumental in their career success and job satisfaction. The mentoring relationship can be formal or informal, short term, or can extend over the length of a career. In many cases, a mentor only learns of his or her valuable contribution as a career coach upon hearing retirement banquet tributes.
Benefits of a mentoring relationship for the organization, mentee and mentor include increased productivity, strengthened relationships, shared wisdom, knowledge and organizational history, and the personal satisfaction of perpetuating a legacy of service.
The best mentors have a record of success built on a foundation of academic preparation, practical experience and keen intuition. They are admired and well regarded within the organization for their accomplishments, integrity, positive attitude, qualifications, communication and interpersonal skills, patience and accessibility. Mentors are often natural coaches who enjoy sharing not only their knowledge, but the motives and analytical thought processes that drive many of their decisions and actions.
You may choose to approach a colleague or supervisor and discuss their willingness and availability to serve as a mentor. This overture may include sharing with them why you believe they could serve as an informative and inspirational model to you, and seeking a pledge of their time to work with you in certain ways or devote designated time for professional development counseling sessions. However, deriving the benefits of a mentoring relationship really requires little more than access to the right person, cultivation of a cordial working relationship, keen observation skills and a desire to learn.
There is no rule that limits you to a single mentor. Knowledge levels and subject matter expertise vary. Management, supervision and work styles may differ, as do personalities and perspectives, yet all may be effective in their own way, at certain times or under different circumstances. Broaden your exposure and become a well-rounded employee by developing mentoring relationships that are diverse.
Finally, regardless whether your mentorship is part of a formal program or informal arrangement, when appropriate ask questions to help clarify observations or information conveyed to you. Demonstrate enthusiasm and eagerness to learn, but avoid being overbearing or intrusive. Be generous in communicating your appreciation for the investment others are making in you and solicit periodic feedback on your development.