Propelrr in Bangkok

It is an achievement for Propelrr to bring all its regular employees to Bangkok, Thailand. It was quite an experience because we did not limit ourselves to the usual itinerary, meaning, it was a combination of planned tour and spontaneous trip. From train to Tuk Tuk (motor taxi), to rented van and river boats, even elephant ride. We’ve tried (as much as we can) varieties of Thai food, be it street food, mall food or buffet on a cruise. And oh, shopping!

We stayed at Bangkok Christian Guest House. The rooms are spacious and clean. It is also close to train station, mall and night market.

In three days and three nights, we were able to do shopping at Chatuchak Market, Patpong Night market and Siam paragon, see Jim Thompson Museum, ride river boat to Grand Palace, experience a luxurious River Cruise, and Ayutthaya Day tour. Fun-and-activity-filled, but yes, still a lot of reasons to go back.

More importantly, we were able to forget about work and enjoy each other’s company. We hope to see more faces with us next time.

prop1                          River Cruise

prop2                          Ayuthaya

C Level My Way

As I was going through my previous posts (that I have to manually copy to this site), I came across this blog. I decided that instead of re-publishing it as is, I’ll post it here instead;

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Risk-based audit

Written by virayvibe on February 10, 2008 – 8:37 am

First training I attended this year is ‘Adding Value Using Risk-based Auditing.’ This program is awfully familiar to me as I was already trained by SGV and this has been mentioned frequently during my CIA review. So why did I take it? My boss asked me to, so what can I do?

As expected, I was bored to death as I once again encountered slides about audit standards and practice advisories (give me a break!). But thanks to most trainees who happen to be Chief Audit Executives (CAE), I just had this realization.

Four years ago I applied for an analyst position at PNOC-EDC because my batch mate in college advised me that there was an opening. After I passed the exam, I vividly remember how confused I was when the CAE’s secretary called me up to schedule an interview. At that time, who would have thought that audit department needs an engineer to fill an auditor position? But as I was assigned with diverse audit engagements which required me to meet people with varying positions from different places, observe and review unfamiliar procedures, I did not realize that 3 years of rich experience has passed. Yet questioning my audit competency never left my mind because I pursued an engineering course not accountancy. That insecurity, together with the desire to go abroad, pushed me to take the CIA exam.

A year ago, I left EDC knowing that somehow I contributed to its success of being partners with business owners. Gone are the days that auditors were viewed as policemen or ‘cops on the block.’

Now I am already a Certified Internal Auditor and planning to take the CISA (Certified Information Systems Auditor) in the near future.

So what is my realization then? Surprisingly (to me and I guess to those who I have worked with), I now know what I would want to end up in the future. I would want to be a Chief Audit Executive myself. Based on standards, CAE should report functionally to the Board of Directors specifically the Audit Committee and administratively to the CEO. Not bad for a position eh? Well, I’m gonna push my luck (I don’t want whammy!)… we’ll see.

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Seven years after, that wanting to be a CAE all came back to me. I was far from being one, but I was on the right track then. But God has bigger plans. Now, I am reporting to the CEO (who happens to be my husband who in reality reports to me joke!) and instead of reporting functionally to the Board of Directors, I am one of them. hehe…

Some realizations.

Propelrr’s New Home

I’m back.

The reason for the new design of my old blogsite is that it was hacked. I am still in the process of redesigning and re-posting my previous posts, but at least now I can start blogging again.

It has been 5 months since my last post and I cannot emphasize enough how time flies.

The highlight of this quarter is our transfer to and the renovation of Propelrr’s new office. It will be finished hopefully by the end of May and it will look like this.

PROPELLR_Office(Propelrr’s office plan)

Warehouse style ang peg, but instead of wood we’ll be using steel.

warehouse(picture taken from the internet)

Another milestone for Search Opt Media Inc.

God’s great plan.

My financial journey 4

You may ask, how long have you been doing business? Were you successful the first time?

As I’ve mentioned probably for a number of times already, I never imagined myself being a full-time business owner, or at least not this soon. I envisioned myself climbing up the corporate ladder until I enjoy the perks of being part of the top management. It was my husband who cannot keep still in the corporate world and embraced a number of opportunities presented to him. It was a challenge for both us because we have different risk appetites. Those businesses failed btw. I’ve seen loopholes, my husband gained wisdom.

We realized, as husband and wife, that if we wanted to be business partners, we have to meet somewhere. It took a while for us to finally accept our differences and use it as our advantage. Being a control-freak, analytic and introvert, I have to accept where my risk-taker husband is coming from. The most effective medium that influenced my sudden change of heart is by reading business books. I tell you, I matured in months. A couple of reading, but mostly experience has taught my husband on the other hand to sometimes step-back before making a big decision. He lead the company, I prepared the path.

We’ve been doing business for a decade already. And no, we were not successful the first time.

As they say, “Fail Fast and Fail Forward.”

To Be Continued…

My financial journey 3

Transitioning from an SEO company to a Digital Marketing Company is a leap of faith. But we have no choice. I am just glad that my visionary husband led our team to that transition before it’s too late. And God is pushing us even further, He’s preparing us to transfer to a bigger office.

On my end, this means that I can no longer hold on to my excuse of not having enough Marketing skills and knowledge. I’ve read a couple of Marketing books though, but I don’t think that’s enough. I have to have the right training and experience to do Marketing.

Fast forward to now, I am trying to establish a process for creating a digital marketing strategy while I am helping the company create our Marketing Plan. Clap clap clap…

It took a lot of courage from me to start from scratch and embrace the idea that I have to do Marketing as well. It’s a long way for me though, I have to stretch myself even more.

As they say, “It’s better not to know things sometimes” because now I am thinking about how to grow the company which used to be solely my husband’s concern. Hah!

Seriously, looking at the growth-share matrix, I am seeing our company as a “Star”. (A star is a unit with high market share in a fast-growing industry. Stars require high funding to fight competitions and maintain a growth rate.) This means that we need to have a “Cash Cow” business unit that will fund this Star.

 

BCG Matrix

 

What could our cash cow be if our main business is a Star?

To Be Continued…

My financial journey 2

So where am I now on my financial journey?

I used to think that I’m already at my peak. From an employee trying to make ends meet, to a business owner of a Digital Marketing Company, Coffeeshop and an Independent Distributor of Royale. My family and I are definitely enjoying a lot of things we couldn’t afford before. But are we having an easy life? Hell no! If we stop what we’re doing right now, we definitely won’t last.

That made me realize that I may have climbed a few steps up, I am still far from my peak.

For years I’ve done a lot of different things for the business. I managed things where I’m good at; managing processes, handling the financial, doing accounting, admin, planning, strategizing and all those boring stuff lol. I avoided the marketing side because I told myself I don’t have the skills. Managing business has taught me a lot. It’s like opening another eye that has always been closed before. (Hopefully not the third eye lol)

And I didn’t stop there, I fed myself more knowledge and information through reading, letting my eyes open wider.

I realized, instead of focusing only on my strengths, why not work on my weaknesses as well. I cannot continue doing what I am doing now if I wanted to create big things. I have to do more, be more. This is getting more exciting.

Btw, you may ask why am I sharing this journey. Well, the least thing I can do now is to share my positivity as I tell my Rugs-to-getting-there story until I finally become RICH. Who knows I might inspire someone to start their journey as well.

competition

Picture taken from the internet

To Be Continued…

My financial journey

I have always been a simple person. “White shirt and jeans with minimal accessories” is my favorite outfit. I don’t easily get fascinated with material things. I don’t have problem delaying gratification. I buy expensive things because I have to, for business’ sake, not to pacify myself or impress another.

This must be the reason why my husband asked me recently, “Why do you want to be a multi-millionaire?” He just blurted it out while we were discussing Strategic Plan for my health and wellness business. My initial answer was, “I want to have financial freedom.” And he asked again, “Why?” (My husband can be annoying sometimes lol). It took me a while to answer. I am a thinker, I probed deeper. My initial answer would have been, “I wanted to travel anytime I want, business class plus five star hotel and bring everyone along. I want to fund a bigger office to hire more people and provide them the best compensation one could imagine. I want to ensure good future for my kids. I don’t want to worry about growing old.” This time it was me asking myself, “Why?” (Can you imagine the impatience building up on my husband as he waits for my reply? Good thing he has his phone with him and decided to be online while waiting) I let the question die.

But deep inside, the question lingered for days until I realized that my husband asked me a wrong question.

“Being a multi-millionaire is not my objective, but creating something BIG is.”

To Be Continued…

There are options

I grew up believing that I need to finish school (with flying colors) to be employed by a company that could offer me a lucrative job. I guess there’s nothing wrong with that ONLY if it was presented to me together with other options. The scary part of my growing up years (I realized) is that it NEVER occurred to me that I can come up with my own business and be an employer years (even decades) before retirement age. I had a lot of misconceptions with regards to owning a business. I used to think that all you need is money to be able to start one. So you picture yourself getting your retirement fund and finally making your dream of being your own employer come true. Surprisingly, money is actually the least of your worries. Are you with me?

Let’s go back to the picture. So you consulted friends, relatives and successful business owners on what kind of business to invest on (missing the idea of even asking how did they actually became successful). You are eyeing the product/service, not the business system itself. If you’re lucky and the business is a hit (for now), you reached ROI in no time. Unfortunately, lack of entrepreneurial experience slowly dragged your business down. You then found yourself closing the business and saying goodbye to the last money you have.

What to do?

1. Know yourself. What are your strengths and weaknesses? Are you a visionary who loves to exploit new possibilities and has the passion for creating better future or an implementer who efficiently completes current work, solves immediate problem and into details? This is important so that you will know who to partner with or what type of people to hire eventually.

2. Have an investment fund where you can put money on a regular basis. If there is a need to make a loan, go for it. Just as long as financial feasibility has been established addressing cash flow and ROI.

3. Educate yourself through school, seminars, training and/or books.

4. Experience it. Don’t wait for retirement age, please! Don’t be scared to fail. And fail as many times as you can. Failing is worth all the money you lost. When you are losing during your salad days, you have all the time and energy to recuperate and try again (this time as a better business owner). My suggestion just to make the ball rolling? Join those networking businesses. Why? Because they offer FREE seminars and training on how to market and sell, you meet seasoned entrepreneurs and of course the hands-on training of trying to do it yourself.

5. Be humble enough to admit that you need more than yourself to succeed.

Now that I have 3 growing children, I try to educate them financially as much as I can. I tell them that life is not all about winning, what’s important is being a better person after every failure.

More so, I am opening their eyes to a lot of BETTER options.

Royalized

Recently, I’ve invested in another business. Money invested wasn’t so big but the earning potential is. Despite my lack of skill in terms of ‘Sales and Mktg,’ I decided to be a distributor of Royale Business Club Inc because I personally use their products. Forgive me, but I am one of those typical Filipina women who wants to have fairer skin. So I am a fan of their glutathione soap and soon I am planning to try their glutathione pills plus other wellness products. Also, they’ll be releasing BB cream (they partnered with Korean and French companies), so I can’t wait to also try one of those.

Going back to my business. So far I am benefiting from it because I get products I personally use at discounted (distributor’s) price and I already have regular customers who they themselves have given me good testimonials about the products they use. But I would want to take another step further. I want to get people to be distributors like me because it’s where the maximum earning potential is.

As I’ve said, I am not a Sales person so I don’t want to give you flowery words. Just see what their products are and let them speak for themselves:

Wellness:
1. Ascorbic Acid
2. Fiberich
3. Spirulina (Superfood)
4. PRIME (multiVitamin supplement)
5. Diabetwatch
6. Grape Seed
7. fitShape
8. rIQall (Memory and Mental Alertness)
9. L-Gluta Power
10. Pinkish Glow (Gluta + Alpha Lipoic Acid + Vit C and E)
11. Performax (Anti-ageing formula for men)
12. Richarge (herbal drink mix)
13. 8-in-1 coffee, choco drink and corn powdered drink mixes

Beauty:

1. Pinkish Glow cream and toner
2. L-Gluta cream, soap, lotion and deodorant
3. L-Gluta power Anti-ageing cream and facial soap
4. Kojic papaya soap
5. Organic Lipstick
6. His and Her perfume

To top it all, Royale Business Club is 100% Filipino owned. What do you think?