Reflections of a BizDrivenLife

A Technology Entrepreneur Shares his tips on how to win in Business… and in Life!


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About Me:

I may be a learned scholar, a successful businessman, or a good father and husband, but until I am all three, I have not succeeded. Wilson Ng

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No Layoffs!

January 30th, 2009 by Administrator

We have been very conservative in my own business, and therefore while that means we have missed a few opportunities, it also means we have avoided some tough problems that is associated with taking bad business risks, or too much aggressiveness.

I believe ditto for these companies.

But while no layoffs is commendable, that should not be the goal of an employee.

Look rather for companies that is tough enough to let go of people who don’t perform.  It is these companies that are also growing enough to present opportunities for growth - which should be what a good employee should be looking for in a company.

No layoffs — ever! - Nugget Market (1) - FORTUNE

The global financial crisis has led many companies to slice payrolls, but these employers are staying loyal. Meet 9 of this year’s Best Companies that, as of mid-January, have never had a layoff.

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Posted in Entrepreneurship, FrontPage | No Comments »

Dirty secrets of 'out-of-business' sales

January 30th, 2009 by Administrator

Shared by wilson

let’s be careful next time!!!! Don’t buy if its too cheap ( he he!) So what if they are not really going out of business?

Of course, the one thing to be aware of is some store’s prices ( even after the advertised discount) could still be higher than some other’s store prices ( even without discount!)

They’re seen as either big-time bargains or big-time scams. What really goes on at a “going-out-of-business” sale is something in between, according to experts.
Go to Source

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Citi says no to $45 million jet

January 30th, 2009 by Administrator

Shared by wilson

That’s right!

The Obama administration pressed struggling Citigroup to reverse course after a Treasury Department official called the company Monday and “told them it was unacceptable” to accept delivery of a new $45 million corporate jet, a senior administration official said.
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Giving bonuses in terms of Crisis

January 30th, 2009 by Administrator

I know. It is difficult.

But in times of crisis, you want to do everything to get rid of unproductive or bad employees, but you still want to retain the good ones.

I’m sure the terms of the bonuses were agreed upon during easier times, and when the person does what he can to hit his goals, you just have to give him something, can’t you?

After all, you need to save, but you also can’t stop spending to do what you can because in times of crisis, and especially in bad times, it will still be good employees that will pull you through.

Obama scolds Wall St. executives over bonuses - Jan. 29, 2009

Obama, his vice president and chief spokesman all fired off statements voicing outrage after the New York comptroller reported $18.4 billion in 2008 bonus payouts at a time when taxpayers’ money was shoring up a financial system in crisis.

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Posted in Entrepreneurship, FrontPage | No Comments »

Save your Job

January 29th, 2009 by Administrator

This is a good series of advice:

foremost to remember: this is not a good  time to pull your weight, or ask for  a raise /promotion!

Love your job? Then save it! - (1) - FORTUNE

If you’re worried about getting laid off, here’s some consolation: So is everyone else. Follow these do’s and don’ts to raise the odds that your job stays, well, yours.

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Posted in FrontPage, on Business | No Comments »

Putin Slapdown

January 29th, 2009 by Administrator

It is always good to be cautious.

But then Dell, for all his well meaning, may have offended him.

And Dell’s company is really a very successful commercial company, but hardly one known for tech or innovation or in a big way engage in research or product development.

Putin-Dell slapdown at Davos - Jan. 28, 2009

The Russian prime minister tells the Dell CEO: ‘We don’t need help. We are not invalids.’

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Posted in FrontPage, on Business | 1 Comment »

Success is Elusive

January 29th, 2009 by Administrator

It is not easy to find many entrepreneurs who were successful 2 or 3 times in a row.

Many are qualified, but sometimes hitting the home run requires timing, and some good luck!  You can learn the basics, and not fail, but hitting the top is never guaranteed.

Microsoft founder’s cable company in a debt bind (AP) by AP: Yahoo! Tech

Allen, 56, who started Microsoft with Bill Gates in 1975, once ranked as the world’s third-richest person, with a $30 billion fortune in 1999, according to Forbes magazine. But he has had a mixed record as an investor, which is reflected in his decline on the Forbes rich list. Last year Allen was No. 41, with an estimated $16 billion in holdings.

Allen has plowed his money into such diverse targets as DreamWorks SKG, the Seattle Seahawks and the Science Fiction Museum and Hall of Fame. He had success with USA Networks and CNET, and failures with Priceline, Egghead.com and online retailer Value America. But Charter may be his biggest disappointment.

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Posted in Entrepreneurship, FrontPage | 2 Comments »

Flight of the conchords

January 28th, 2009 by Administrator

Saw two shows on this on a plane once.

Its a nice show, with a lot of self deprecating humor.  I hope it will continued to be aired.

“Flight of the Conchords” defy struggling TV story - Yahoo! News

U.S. cult hit television show “Flight of the Conchords” follows the travails of a marginally talented musical duo from New Zealand trying to make it in New York City, but in reality the pair are far from struggling.

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Posted in FrontPage, Humor and Jokes | No Comments »

The Death of Netbooks

January 27th, 2009 by Administrator
One of the most notable developments last year was the popularity of a new segment called ‘netbooks’.  These are very small notebooksThe original target market was based on the market information or

that normally has less than 10 inch screen, probably a few gigabytes of
storage, with a corresponding small keyboard and memory, and probably a single core processor.  What is significant is that while they are somewhat slow, the advantage was their small size, and  light weight ( most netbooks are about 1 to 2 pounds), and the low price ( most are below400 USD while some are below 300 USD).

understanding that probably millions of people worldwide would want to have a second computer, 

Read the rest of this entry »

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Posted in FrontPage, On Technology | No Comments »

Live Shows are Big Business

January 27th, 2009 by Administrator

London theaters reportedly sold 9 million tickets for musicals and 2.9 milion tickets for plays.  Total revenues were $652 million in 2008 which was an increase from about $635 million in 2007.

The sector overall contributes over $2 billion to the London economy.

Broadway on the otherhand had total attendances of 12.3 million, and the gross was $940.9 million in 2008.

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Posted in FrontPage, Tidbits | No Comments »

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