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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Category:

Old china

October 11th, 2009 by Administrator

I was talking to a friend hotelier, and he was recounting that for over 10 years in the early 1980s, he was working in a hotel in China.

 

One time, there were a group of students who came, and each was carrying an umbrella.  He told the tour guide that at that time of the year, there was no need to carry umbrellas because it hardly rained.

 

The tour guide reiterated that they have been advised to bring umbrellas - reason is at that time, China dd not have doors to their toilets.

 

So when you have to go to the comfort room, an umbrella was needed to shield yourself if you don’t want to be seen!

Fortunately, China has progressed quickly, and in most places, you will see western style sanitary toilets with door and lock!

 

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Learning Business from a Video Game

October 7th, 2009 by Administrator

I have been into Facebook a lot lately and maybe that’s why the blog has not have that much posts.

Obviously, I see the same with many blogs that I follow.  Being able to update through Twitter or Status updates with shorter and easier messages means that a lot of ideas do not make it anymore to the blog.  In short, microblogs is competing now with blogs.

At any rate, one of the games that I find quite entertaining lately in Facebook is Mafia Wars.

Here, you are a mafia don, and you try to gain power and money through alliances, and accumulating loot or items and weapons. You also can use your money to invest in businesses to earn money.

It is possible to play that you just make money.  It is also possible to play that you go ahead to gain power.  If you make more alliances, and buy more weapons, you become more powerful.  If you just concentrate make money, that is fine, but when people attack you, then you will keep losing, and therefore your money will slowly be lost or robbed.  However, if you spend too much time to accumulate power, then obviously your ability to use your money to create money generating enterprises becomes limited.

I find the game reflects real life businesses.  At first, I started to play that I only want to concentrate to earn as much money.  Then I find that by avoiding wars, or conflicts, or fights, I may minimize my losses, and not get hurt, but it is only through fights, or risks of losing that you gain experience, and  more weapons and power.

Thus, at the end, you win by taking the right risks, and not by avoiding risks.  WEll, its a game, and they always make you win, but you really will have the most winnings and power if you take risks, and even when you fail, get up again, and try.  

We are now in a much more affluent society, and happily one of the things is that it is easier to bounce back, and there are more opportunities to tackle even if some things do not work out.  So I guess in business and technology, what is important is the question: if you want to succeed, are you taking enough risks?  After all, a ship is safe in the harbor but that is not the reason ships are made.

 

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Asia’s Fab 50

October 6th, 2009 by Administrator

Our annual ranking of the best of Asia-Pacific’s biggest listed companies.
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We’ll be immortal in 20 years, says Kurzweil

October 6th, 2009 by Administrator

Celebrated inventor and singularity specialist Ray Kurzweil believes science is moving at such rapid speed that we will all be able to live forever, starting soon.
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Just Tell Me What To Do!

October 6th, 2009 by Administrator

Don’t surrender your financial decisions to someone else.
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Does it matter if you like your staff?

October 6th, 2009 by Administrator

All companies have a corporate culture. Some cultures are good; others are bad. Some are productive, some destructive.
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World’s Most Successful Immigrants

October 6th, 2009 by Administrator

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The top 10 highest paid CEOs are…

October 6th, 2009 by Administrator

Last year was a bad one for most chief executives — but not for the top 10 highest paid CEOs.
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Reader’s Digest to file for bankruptcy

October 6th, 2009 by Administrator

Read full story for latest details.
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The Perils of Supplying to Wal-Mart

October 6th, 2009 by Administrator

Wal-Mart generally starts out small suppliers in a local market. If a supplier makes the grade, it might be considered for national distribution
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