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.

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

	Monday, July 25, 2005

Risky Businesses, Good Businesses, Bad Businesses  (EntrepreViews) There was a time when young when I thought that management and attitude were the cure-alls.  Maybe I read too many inspirational stories in which your determination beats the odds.  Now, maybe I am wiser, or maybe just older.  After so many years, I have formed the conclusion many now knew -- sometimes, success just depends on luck, and sometimes, your industry and the economic scenario.  You can be a great manager who happened to be in an industry where the situation is really bad, and no amount of talent or determination can turn things around.  And many times, there are just so many bad managers who were just in the right place at the right time, and succeeded. So, the first thing you need to know before embarking on a business, is to know the industry you are in.  Is it a conservative industry, or is it a risky industry.  Is it in the period of growth, or just plain bad?  For  instance, for the last few years, you could be the best manager around, but no way you can turn around an industry like telecommunications, or computer hardware.  In the last few months, you could be in oil industry when the prices zoom up, and you could be wildly profitable even if you make a lot of mistakes and waste. I have made some simplistic charts in which you can use to evaluate .... (more on risky businesses, good business...)   8:32:55 PM     comment []   trackback []

Forrest Lump Walks Across America   (tidbits) Steve Vaught, who weighs 350 pounds, have decided to do something about it. He is planning to walk across America to lose weight and 'gain back his life.' His blog has gained a wide following. He has now gained a nickname Forrest Lump, as his plan is similar to that being done by Tom Hanks in the 90s movie, Forrest Gump.     6:53:01 PM     comment []   trackback []

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