Author Topic: Lifestyle tips from a successful Igorot businessman  (Read 5506 times)

benelynne

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Lifestyle tips from a successful Igorot businessman
« on: May 04, 2008, 03:22:53 PM »
Jack Dulnuan, Igorot owner of a chain of restaurants in Baguio City and La Trinidad, auto repair shop, vocational and technical school and recently a bus company, shares the following tips:

1. Learn to save—“You should not be in business if you do not know how to save. For every transaction, save, no matter how small.”

2. Do not put money in your pocket—“You will be tempted to buy unnecessary things if you have money in your pocket. Money will be wasted.”

3. Live a simple life—“Don’t spend much. Buy only important things. Don’t gamble, smoke or drink. Avoid vices. Don’t be extravagant.”

4. Wear shorts—“If you are a farmer, wear shorts. This will save much laundry soap.”

5. Cook all the day’s meal in the morning—“Cooking every lunch and dinner would cost more fuel and energy.”

6. Do not demand payment from one who took goods from your store and refused to pay—“If he tended to forget his debt, do not demand payment because if he has money, he would not buy from your store anymore.”

7. Give the right change—“Do not shortchange your customers. They will spread bad stories about you and you will lose your reputation as a store owner.”

Read complete article at http://business.inquirer.net/money/topstories/view/20080503-134382/The-businesses-that-Jack-built

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #1 on: May 04, 2008, 03:38:59 PM »

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #2 on: May 04, 2008, 04:03:51 PM »
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Re: Lifestyle tips from a successful Igorot businessman
« Reply #3 on: May 04, 2008, 11:55:26 PM »
Magamit gyud ni nako, esp tip # 1. I need to do that.


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Bambi

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #4 on: May 05, 2008, 12:49:26 AM »
Unsaon naman ning tip no. 6 -  Sir Bennelyne..... malikay-likay raba ning maka-utang.  Awayon o barangon ba? :-\ O unsa kalimtan nalang ang listahan sa iyang utang?

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #5 on: May 05, 2008, 04:47:33 AM »
Unsaon naman ning tip no. 6 -  Sir Bennelyne..... malikay-likay raba ning maka-utang.  Awayon o barangon ba? :-\ O unsa kalimtan nalang ang listahan sa iyang utang?

Annie, sus kasabot gyud ko anang imong pasabot like what we talked before hehehe

I think gipasabot sa # 6 aning Igorot businessman, it only applies to a Store ra siguro. Kay ang iyang giapas nga para mobalik pa ug palit ang kana nga customer. In a business man gud, the last thing you want to do is to upset your customer man gyud.

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Bambi

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #6 on: May 06, 2008, 05:21:47 AM »
Annie, sus kasabot gyud ko anang imong pasabot like what we talked before hehehe

I think gipasabot sa # 6 aning Igorot businessman, it only applies to a Store ra siguro. Kay ang iyang giapas nga para mobalik pa ug palit ang kana nga customer. In a business man gud, the last thing you want to do is to upset your customer man gyud.
I consider these tips to any kind of business..Beth.  Mao siguro nga mga successful in business ning mga Igorots...unja ang Bol-anon nga mentality nga mo-adopt ini?  Nga ikaw pay gam-ong maot ug di kapa-utang, i mean dala na gani nga  pangayo.  Just an ex: My parents rented a big house near the former Bohol Land Transportation Company where my late Father had worked before.  To balance Father's income, my Mother got an idea to open a small business..."cooking for the students". She  accepted about 25 student boarders (Board and Lodging) May mga parents gjod nga hangtod karon wa kabayad, di wa gihapon pahawa-a ni Mama kay basin ug makabayad pa..kay sigi lang ug pasalig. Sus....gikakita nalang si Mama ug away ug sigi ug paningil hangtod karon na-a pay daghang utangan. Nangamatay nalang.  Galabad na gani iya ulo huna-huna unsay lotu-on para ipaka-on unya na TY na lang. :(

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benelynne

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #7 on: May 06, 2008, 08:25:22 AM »
Annie, sus kasabot gyud ko anang imong pasabot like what we talked before hehehe
I think gipasabot sa # 6 aning Igorot businessman, it only applies to a Store ra siguro. Kay ang iyang giapas nga para mobalik pa ug palit ang kana nga customer. In a business man gud, the last thing you want to do is to upset your customer man gyud.

In my experience as a businessman, if a person needs your goods or services badly, he should be able to pay it in cash or you should devise a way wherein he can enjoy the benefits of the goods or services only upon full payment.

My wife had been doing the garments business for more than ten years. When the economy was good, and there were many customers (mostly entertainers), she did not mind accepting credit and it did not hurt much because the cash turnover was fast. Then Japan banned the entertainers and the economy started to skid downwards... She still tried to do business the way she did in the past, and she was weighed down by unsettled receivables. Although the amount of receivables is really huge, I told her that she would just be spending more money running after debtors (nga nangawala na) than collecting money. So I told her to stop and just look after the kids...

I have very low credit rate in my balikbayan cargo forwarding and translation business. If they don't pay up,  I don't deliver the boxes. In my documentation and translation business, except for corporate clients, I ask for downpayment (half the agreed amount), and the balance when they receive the documents. As for goods, I deal only in products that can be sold in cash. And I replenish my supply only in quantities being ordered. By setting your business rules clearly, and in a friendly manner, I seek to keep my civility and business relations over the long run.



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Re: Lifestyle tips from a successful Igorot businessman
« Reply #8 on: May 06, 2008, 10:19:29 AM »
I consider these tips to any kind of business..Beth.  Mao siguro nga mga successful in business ning mga Igorots...unja ang Bol-anon nga mentality nga mo-adopt ini?  Nga ikaw pay gam-ong maot ug di kapa-utang, i mean dala na gani nga  pangayo.  Just an ex: My parents rented a big house near the former Bohol Land Transportation Company where my late Father had worked before.  To balance Father's income, my Mother got an idea to open a small business..."cooking for the students". She  accepted about 25 student boarders (Board and Lodging) May mga parents gjod nga hangtod karon wa kabayad, di wa gihapon pahawa-a ni Mama kay basin ug makabayad pa..kay sigi lang ug pasalig. Sus....gikakita nalang si Mama ug away ug sigi ug paningil hangtod karon na-a pay daghang utangan. Nangamatay nalang.  Galabad na gani iya ulo huna-huna unsay lotu-on para ipaka-on unya na TY na lang. :(

Annie, Aw O kaayo oi, considered business ning sa imong mama kay boarding house gud sya. Intawn pod, paita bitaw nang ingon ana oi. Pareha di ay nahitabo sa Lamberts Dormitory sauna, nga daghang nag board nga walay bayad labina nga wala magpuyo sa building ang tag-iya, moanha lang ang tig kolekta kada buwan, kung mahibaw-an nga naa sya, sus ang ubang boarders manago. Hangtod nga gi close nalang gyud ug gihimong AMA school ang building.

Tinuod gyud bitaw oi, nga kung dili ta pautang, daoton man hinuon ta, ug kung makahatag pod ta, ingnon man pod ug sus kuwang! wala gyud tawn tay dag-anan.

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #9 on: May 06, 2008, 10:21:03 AM »
In my experience as a businessman, if a person needs your goods or services badly, he should be able to pay it in cash or you should devise a way wherein he can enjoy the benefits of the goods or services only upon full payment.

My wife had been doing the garments business for more than ten years. When the economy was good, and there were many customers (mostly entertainers), she did not mind accepting credit and it did not hurt much because the cash turnover was fast. Then Japan banned the entertainers and the economy started to skid downwards... She still tried to do business the way she did in the past, and she was weighed down by unsettled receivables. Although the amount of receivables is really huge, I told her that she would just be spending more money running after debtors (nga nangawala na) than collecting money. So I told her to stop and just look after the kids...

I have very low credit rate in my balikbayan cargo forwarding and translation business. If they don't pay up,  I don't deliver the boxes. In my documentation and translation business, except for corporate clients, I ask for downpayment (half the agreed amount), and the balance when they receive the documents. As for goods, I deal only in products that can be sold in cash. And I replenish my supply only in quantities being ordered. By setting your business rules clearly, and in a friendly manner, I seek to keep my civility and business relations over the long run.



Nong Bene, mao di ay siguro successful ka sa imong business kay duna man gyud kay imong Rules and Regulations nga gi follow, I think that's great. Maayo kay na control ug na discipline gyud nimo imong self in doing it. Keep it up!

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #10 on: May 06, 2008, 06:10:02 PM »
I learned from my past bad experienced engaged into kind of business just "talking with heart and feeling more pity to the other party". To avoid aggression and getting depressive waiting for a better outcome, doing it again  but must be duly signed and notarized under a notary public. Promissory note will not function at all.

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benelynne

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #11 on: May 06, 2008, 06:38:12 PM »
I learned from my past bad experienced engaged into kind of business just "talking with heart and feeling more pity to the other party". To avoid aggression and getting depressive waiting for a better outcome, doing it again  but must be duly signed and notarized under a notary public. Promissory note will not function at all.

Bambi,

From my experience, no legal instrument or court order can compel a person to pay if he has no money or has no good faith from the start. Worse comes to worst, he could just file for personal bankruptcy by proving his lack of capacity to pay.

Ang akong masulti, sa sinugdanan pa lang, lisod ipugos ang usa ka transaction kung murag tagilid na ang kliyente o lisdan siya magpagawas ug kwarta. One can tell more or less if a transaction will go well if the financial resources are available to the client or if he has a history of keeping his word.


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Re: Lifestyle tips from a successful Igorot businessman
« Reply #12 on: May 07, 2008, 12:52:39 AM »
Bambi,

From my experience, no legal instrument or court order can compel a person to pay if he has no money or has no good faith from the start. Worse comes to worst, he could just file for personal bankruptcy by proving his lack of capacity to pay.

Ang akong masulti, sa sinugdanan pa lang, lisod ipugos ang usa ka transaction kung murag tagilid na ang kliyente o lisdan siya magpagawas ug kwarta. One can tell more or less if a transaction will go well if the financial resources are available to the client or if he has a history of keeping his word.


Sir,

Your citation is exactly the answer.   In my case, it was another kind of a business, I was the ordering party and as good natured as I am, I paid  100%in advance with full belief that the job will be done as agreed in due time and with a satisfactory result but........you can just imagine the  >:( ending. It did costs lot of nerves, money and time.  I know, that Civil Contructing  Engr. doesn't have any knowledge about this tips from that Igorot businessman. :D

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #13 on: May 07, 2008, 01:15:15 AM »
Sir,

Your citation is exactly the answer.   In my case, it was another kind of a business, I was the ordering party and as good natured as I am, I paid  100%in advance with full belief that the job will be done as agreed in due time and with a satisfactory result but........you can just imagine the  >:( ending. It did costs lot of nerves, money and time.  I know, that Civil Contructing  Engr. doesn't have any knowledge about this tips from that Igorot businessman. :D

Bambi, If you paid your contractor via credit card (usa) you can dispute these charges for unfulfilled contract agreement. If you paid it by check/cash well, you are out of luck if your contractor refuse to fulfill your request.  However, you can write a letter to your local Better Business Bureau explaining the situation.  BBB will keep the record for future business dealing with this specific company.  This will prevent future misleading business arrangement with other people seeking their business.

http://welcome.bbb.org/ (ftp://http://welcome.bbb.org/)

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #14 on: May 07, 2008, 01:21:31 AM »
"4. Wear shorts—“If you are a farmer, wear shorts. This will save much laundry soap.”
This might save these farmers money on laundry soap ... this can cause cancer due to excess sunlight exposure.



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Re: Lifestyle tips from a successful Igorot businessman
« Reply #15 on: May 07, 2008, 01:29:07 AM »
"...6. Do not demand payment from one who took goods from your store and refused to pay—“If he tended to forget his debt, do not demand payment because if he has money, he would not buy from your store anymore.”

Why not demand for payment for goods or services?  unless there is more to this story than being quoted.



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Re: Lifestyle tips from a successful Igorot businessman
« Reply #16 on: May 07, 2008, 02:13:45 AM »
6. Dili na magpautang kay lisod maningil!

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #17 on: May 07, 2008, 02:22:22 AM »
6. Dili na magpautang kay lisod maningil!

bitaw! ayaw gyud kay daghan sa ato dili mo bayad. experienced na ko ana.

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #18 on: May 07, 2008, 05:06:41 AM »
Bambi, If you paid your contractor via credit card (usa) you can dispute these charges for unfulfilled contract agreement. If you paid it by check/cash well, you are out of luck if your contractor refuse to fulfill your request.  However, you can write a letter to your local Better Business Bureau explaining the situation.  BBB will keep the record for future business dealing with this specific company.  This will prevent future misleading business arrangement with other people seeking their business.

Thanks Princess for the valuable infos.  Well, it is now a matter of 4 years when I handed that 50,000.00 Pesos cash without any written agreement/acknowledgement receipt in front of witnesses. In fact, it was my mistake..normally that work was estimated for about 39,000.00 but I pity  his 8 kids kay a bit related man lagi (that is why I said:  I will pay you 50TH if you will plant any kinds of trees too in that lot. That was our agreement... Resulted to: non single tree is planted  and the project after a year is already destroyed.  Yes, the required work was really badly done, now, I have contacted another one with a notarial records of agreement.

So, dear friends "trust is good but control is better"!  And don't be naive like me and don't commiserate when it comes to business.


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Re: Lifestyle tips from a successful Igorot businessman
« Reply #19 on: May 07, 2008, 05:12:48 AM »
you're too kind, Bam.  I suggest you pay them in increments which means pay as each section is done with your satisfaction.  Guarantee paka nga nabohat ang imong gustong buhaton. Good Luck.

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Re: Lifestyle tips from a successful Igorot businessman
« Reply #20 on: August 05, 2010, 05:26:35 PM »
Ito ang dapat natin gawing MALAKING INSPIRATION to become a good and successful businessman.  :)

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