Wilson Ng started helping the family business since 9 years old. Since then, he had dreamt to be a successful entrepreneur, one who starts great businesses  ( he has started 7) from scratch with insight, guts and initiative. He keeps his focus on growing the business by creating value-- not on politics, or wasteful distractions. He brings the same focus to community service, teaching, life and family.

This is the main page which contains all postings. The reader can also choose a category: techdrivenlife, on life, on business, quotes, jokes, tidbits & reading reviews.  A new category, EntrepreViews, talks on entrepreneurship and also answer reader's queries.

	Monday, May 30, 2005

The Goal of Entrepreneurship  ( EntrepreViews) What is your objective in starting your own business?  Many  people will state the goal that they will want to earn more.  That will certainly happen if you do your business well.  But at least initially, when you start a business, you will not only be taking on risks, but most likely your income might actually decline. What you really want to do is to build financial security.  How do you do that? The main reason entrepreneurs or businessmen can potentially earn more than professionals is because they have also what you would call passive income. How do you distinguish that?  Active income is the amount you earn based on your skills and time.  Passive income is the amount you earn from your investments and assets -- income that hopefully will continue even if you are no longer actively working, - or even when you're sleeping.  That is why being able to build up your passive income becomes so powerful! Financial Security is accomplished because you know you don't have to keep working in order to keep the revenue coming.  Of course, as professionals,  you can also accomplish financial security by investing wisely, but entrepreneurs, owning their own business, will have more control and opportunities to accomplish that. At the end, you should always remember your goal of financial independence -- that you should try to save enough, or invest properly, so that you will have an income that will sustain the lifestyle you want even if you have to stop working. And if that is the reason you engage in Entrepreneurship, thus, you must not lose sight in getting every opportunity in building up your investment income, and your money-earning assets!   7:26:54 PM     comment []   trackback []

Go Deep to Jump High  ( on life)   I took this picture a few months ago at the Hong Kong Ocean Park. It is a great show where dolphins jumped to heights of almost 20 feet up. After the show, I chanced upon the pool, and noticed that it was very deep, then it struck me ... The dolphins have to go deep in order to jump high.  Without depth, there is no height... Do you see parallelisms in the principles of life?     6:15:38 PM     comment []   trackback []

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