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 businessquotes, jokes, tidbits & reading reviews.  A new category, EntrepreViews, talks on entrepreneurship and also answer reader's queries.

Pls. check out my new compilation in easy-to-read format the selected business articles of enduring value here.

  Sunday, July 03, 2005


A Great Time to Start a Business  (EntrepreViews)

The other day, I posted a link that quoted Joe Krauss as saying this is the best time to be an entrepreneur.  Here is another article from well known blogger and venture capitalist, Paul Allen of Infobase Ventures ( Provo Utah) who says in his Connect magazine article,  this is probably one of the best time to start a company.

Other than what was cited in the previous article, Paul also stressed the advantages of lower costs of communication, the ease of getting customers worldwide, as well as the ability to network and recruit as major factors on why it is easier than ever to start a business.

Honestly, I was originally drawn to Paul Allen's blog thinking that he was THE Paul Allen, the co-founder of Microsoft together with Bill Gates.  He names himself Paul Allen, the lesser , although he has accomplished a lot.  I also salute him for his numerous efforts to teach in the university, his insight into business,  as well as his outreach effort for his church.

Its a great time to be an entrepeneur...

 

 

 

9:37:35 PM     comment []   trackback []

Selling Technology to Small and Medium Business  (techdrivenlife)

Most technology companies now, from Microsoft to Cisco to Oracle to  IBM and HP have a new mantra.  Understand and know how to sell to small and medium businesses.  That is where the growth is.

It is not difficult to see why.   According to US statistics, there are about 7,000 large companies there, 98,000 mid size companies ( less than 1,000 tn_moneys5.jpgemployees), 8 million small businesses ( less than 100 employees) , and over 32.5 million home based businesses.  In my country, over 99% of the busineses are classified small and micro and I guess in most countries, it is well over 95%.

Here's an excellent suggestion from Marketingsherpa.com on some rules to think about when selling technology solutions to small and medium businesses.

Rule #1. SMBs don’t buy unless they need it. Your marketing messages have to offer real solutions to their problems or relief of their business pains.

 

Rule #2. SMBs are typically resource constrained and they don’t have much time. When delivering product messages, you need to make your case succinctly, quickly, and compellingly.

 

Rule #3. Most SMBs lack dedicated IT support, so an OEM’s, or reseller partner’s, ability to support the product is key.

 

Rule #4. SMB companies are price-sensitive. Your product needs to be priced accordingly and have flexible pricing options that fit an SMB budget. And, you have to be able to demonstrate a quick ROI.

 

 

 

 

6:37:33 PM     comment []   trackback []

It Matters Less Now Where you were Born or Live.   (on business)

 When I look at now the list the successful people, you start to get a glimpse that people are succeeding all over the world.  While we use to lament that we were not born or in the right place at the right time, as technology races to connect all of us, and make information available to all with internet, it is starting to look like circumstance or geography is becoming less of an issue in our ability to achieve our potential. Carlos Ghosn, a Lebanese, became a CEO in Renault, French company, but before that, made his mark in South America, and became a hero for saving Nissan, a Japanese company.

Microsoft chairman Bill Gates was said to have argued that the whole relationship between geography and talent has changed.  Thirty years ago, if you had a choice between being born a genius on the outskirts of Bombay or Shanghai or being born an average person in Poughkeepsie, you would take Poughkeepsie, because your chances of thriving and living a decent life there, even with average talent, were much greater.  But as the world has gone flat, Gates said, and so man people can now plug and play from anywhere, natural talent has started to trump geography.

Now, it seems that it is better to be a genius born in China than an average guy born in Poughkeepsie.

 

It is harder than ever to hide talents, and increasingly, your success would be determined by what you can do , rather than to whom or where you were born.

 

Are we still blaming the our fate or circumstance, or should we start to think that technology has freed us from these restraint.  Isn't that something to think about?

 

 

 

6:26:17 PM     comment []   trackback []


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