entrepreneurship challenges

it's not that easy, this should be the title of this post. the path to financial freedom is not that easy, lucky are those as barry would say "made it through the rain" i guess for me rain has not started yet. well i guess the challenges is in the start, it could be bad or good but whats good is that you started. when my wife and i started discussing going into business, there were allot of questions and mostly ends on a negative note, but in the end the a question answered all those questions "if not now, then when" when do we get our feet wet into entrepreneurship.

not that we are complaining life life has been very good to us, we are not well-off but we managed to enjoy what we have and give the kids what they need and more. however life is so good that it somehow made us complacent and forget to challenges our selves to do better and achieved our potential someone said "in a day, when you don't come across any problems - you can be sure that you are travelling in a wrong path". i feel that we never had a major problem financially cause we really never pressure ourself to do more not better in terms of financial matters. it is good cause we are not pressured to compare our family with others, it is bad cause we will never know what might have been. so that answered those questions, and that started the planning and conceptualization.

i started by learning more related to finance, where to put the extra cash, join seminar, invite speakers, read blogs and articles until we came up with some ideas taxi, restaurant, poultry, and buy and sell. it was really an advantage having so many ideas to choose from, however it was really not easy especially when you experience each of those ideas goes poof one by one. it could be disheartening for some people, it did for me for awhile but now it's more of happy experience since through this process i met lots of interesting people, learn new concepts, generated new ideas.

what went wrong, first the taxi business is really not profitable if you will be running only one unit, i was very optimistic in the start since a good friend will be able to help get a franchise but things did not go in our favor since the line i want is no longer available so we had to defer this for a while, but i learned the process and increase my patience.

the poultry business requires a huge investment, i visited this one acre land which is suitable for a pigery and poultry unfortunately the price is too steep for me and based on my review i had to come up with 500K just to setup the place. again i had to defer this idea but i had fun looking at the place i actually visualize how i will setup the poultry and the small hut, the place is so nice it's on top of a small hill and around it is a river. it allowed me to dream.

and now the restaurant, i thought i did everything during the holyweek. preparing the materials and costing, i already met with the suppliers and ready to buy the materials to repair the place. but i hit a wall when i met the owner which now i consider a my first mentor into business, let's call him pwc a man in his 50's but very accomplish with several good business. somebody that can teach me lot of things related to business, i could be hard headed and very bullish with my plans but i was no match with this old man's wisdom in running a business. during the first meeting he throwed me so many questions that i went deaf, ala hatton hit by pacquiao. it was only then that i realized that i have a lot to learn in going into business thanks to this old man who gave me lot's of insight and made me think again if i really look into all the details of running or even starting a restaurant.

all three ideas are on hold, until i can come up with a better plans. but what is exciting is that i was able to get my feet wet on entrepreneurship. the challenge is staying on path.

i am not to schedule to post on my blog today, im not sure what happen. so if your reading this, my apology for the incoherent thoughts.