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	<title>Singapore Profit &#187; Entrepreneur</title>
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	<description>Sharing Ways to Stretch the Dollar and Maximise Profits</description>
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		<title>Start A Business To Be Rich</title>
		<link>http://singaporeprofit.com/2007/11/13/start-a-business-to-be-rich/</link>
		<comments>http://singaporeprofit.com/2007/11/13/start-a-business-to-be-rich/#comments</comments>
		<pubDate>Mon, 12 Nov 2007 16:02:53 +0000</pubDate>
		<dc:creator>Sarah Tan</dc:creator>
				<category><![CDATA[Entrepreneur]]></category>

		<guid isPermaLink="false">http://singaporeprofit.com/2007/11/13/start-a-business-to-be-rich/</guid>
		<description><![CDATA[Still on Jumong, one of the tribes, Keru, lacked political power, but it sought to increase its wealth tremendously through trade. It was only with money that they could afford to buy weapons and hire mercenaries to fight for them. Some other tribes suffered under Han oppression, and lost their tributes when robbed by bandits. [...]]]></description>
			<content:encoded><![CDATA[<p>Still on Jumong, one of the tribes, Keru, lacked political power, but it sought to increase its wealth tremendously through trade. It was only with money that they could afford to buy weapons and hire mercenaries to fight for them.</p>
<p>Some other tribes suffered under Han oppression, and lost their tributes when robbed by bandits. I thought this was actually very good for history lessons, as they do learn about vassal states, sending princes as hostages, and offering tributes to prevent war. Without money, these states remained extremely poor and were under the control of a stronger power.</p>
<p>This merchant band from Keru was good at finding out the political events of each city they traded with. When they find the demand, they will come up with the supply. When there was war, they decided to become military suppliers to make money. When the country of Buyeo faced a salt crisis, they opened up a new trade route to a faraway land fraught with danger to get salt.</p>
<p>In real life, people with money can get a lot of things done. According to some article I read, going into business is still the best way to make money. Being an employee limits your wealth. It is through selling and buying that people make more money. It has been like this in the past, and it will be like this in the future. At the same time, to make money, you need to know what people have. Of course, it&#8217;s not easy to succeed.</p>
<p>With all that money they have, if they are living in today’s world, (which the actors are), they perhaps should consider getting <a href="http://www.goldcoastplasticsurgery.com/otoplasty.aspx" onclick="javascript:urchinTracker ('/outbound/article/www.goldcoastplasticsurgery.com');">ear surgery in Chicago</a>. Some ears really look weird. Perhaps they ought to change their hairstyles to prevent this problem.<br />
 </p>
<div class="awmp_tags"><a href="http://singaporeprofit.com/search/business/" rel="tag" >business</a> <a href="http://singaporeprofit.com/search/demand and supply/" rel="tag" >demand and supply</a> <a href="http://singaporeprofit.com/search/trading/" rel="tag" >trading</a></div><p class="akst_link"><a href="http://singaporeprofit.com/?p=209&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_209" class="akst_share_link" rel="nofollow" >Share This</a>
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		<title>Jumong and Money</title>
		<link>http://singaporeprofit.com/2007/11/12/jumong-and-money/</link>
		<comments>http://singaporeprofit.com/2007/11/12/jumong-and-money/#comments</comments>
		<pubDate>Mon, 12 Nov 2007 15:59:44 +0000</pubDate>
		<dc:creator>Sarah Tan</dc:creator>
				<category><![CDATA[Entrepreneur]]></category>

		<guid isPermaLink="false">http://singaporeprofit.com/2007/11/12/jumong-and-money/</guid>
		<description><![CDATA[I had been watching Jumong, a Korean drama serial about a warrior prince who sets up a new nation in ancient Korea. There are more than 80 episodes, and I’ve finished 54. The lead actress, Soseno, has strong business acumen. One day, while trading, this tribe refused to pay double the usual amount for salt. [...]]]></description>
			<content:encoded><![CDATA[<p>I had been watching Jumong, a Korean drama serial about a warrior prince who sets up a new nation in ancient Korea. There are more than 80 episodes, and I’ve finished 54. The lead actress, Soseno, has strong business acumen. One day, while trading, this tribe refused to pay double the usual amount for salt. She refused to let them lower the price, so the deal was off.</p>
<p>When it rained, she had an idea and got her staff to fill up those bags of salt with sand, and placed them outside. When the tribe leader came back to her, she jacked up the price again, and claimed it was their fault for delaying the purchase and causing the salt to go bad due to the rain. This time round, she managed to make triple the original price, and still had half the original amount of salt left. This handsome profit came in handy for her rebuilding of her nation.</p>
<p>When people face difficulty, sometimes increasing the price is the way to go, rather than resort to price wars in order to sell something. Crisis may also result in opportunities for people.</p>
<p>Well, one thing about the show is due to their hairstyles, I kept noticing the ears of the actors. The lead actor, Jumong, has elvish pointed ears. Another one had dumbo ears, which could probably get in <a href="http://www.facial-plasticsurgery.com/otoplasty.asp " onclick="javascript:urchinTracker ('/outbound/article/www.facial-plasticsurgery.com');">Maryland ear pinning</a> surgery to pin the ears down. I think Prince Charles did that.</p>
<p>Sarah Tan &#8211; SingaporeProfit.com</p>
<div class="awmp_tags"><a href="http://singaporeprofit.com/search/business acumen/" rel="tag" >business acumen</a> <a href="http://singaporeprofit.com/search/Jumong/" rel="tag" >Jumong</a> <a href="http://singaporeprofit.com/search/Korean Drama Serial/" rel="tag" >Korean Drama Serial</a> <a href="http://singaporeprofit.com/search/trading/" rel="tag" >trading</a> <a href="http://singaporeprofit.com/search/profit/" rel="tag" >profit</a></div><p class="akst_link"><a href="http://singaporeprofit.com/?p=208&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_208" class="akst_share_link" rel="nofollow" >Share This</a>
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		<title>Singapore Profit is featured!</title>
		<link>http://singaporeprofit.com/2007/08/04/singapore-profit-is-featured/</link>
		<comments>http://singaporeprofit.com/2007/08/04/singapore-profit-is-featured/#comments</comments>
		<pubDate>Fri, 03 Aug 2007 16:01:23 +0000</pubDate>
		<dc:creator>Sarah Tan</dc:creator>
				<category><![CDATA[Entrepreneur]]></category>

		<guid isPermaLink="false">http://singaporeprofit.com/2007/08/04/singapore-profit-is-featured/</guid>
		<description><![CDATA[Singapore Profit is featured in The Young Businessman! It’s very flattering to note that I’m considered one of the local entrepreneurs who blogs. I see myself as someone who has just started on entrepreneurship, so it came as a surprise. I have encouraged some teenagers to hone their entrepreneurial skills and have coached some to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://SingaporeProfit.com" onclick="javascript:urchinTracker ('/outbound/article/SingaporeProfit.com');">Singapore Profit</a> is featured in <a href="http://theyoungbusinessman.blogspot.com/2007/08/support-these-local-entrepreneurs-iii.html " onclick="javascript:urchinTracker ('/outbound/article/theyoungbusinessman.blogspot.com');">The Young Businessman</a>! It’s very flattering to note that I’m considered one of the local entrepreneurs who blogs. I see myself as someone who has just started on entrepreneurship, so it came as a surprise.</p>
<p>I have encouraged some teenagers to hone their entrepreneurial skills and have coached some to run small stalls. Sometimes, holding a tight rein on might be counterproductive. I may have certain ideas on what should be done, and sometimes I neglect what the market wants.</p>
<p>Yet, I am amazed by the expertise of different teenagers. Some have the gift of the gab, some have technical expertise, and some are very creative. In fact, as time goes by, I realise that I do not have to do so much handholding. The younger generation are schooled in Innovative and Enterprising mindsets, and they actually come up with better ideas each time round. They also provide great service to their customers. These are the ones who will be highly successful as entrepreneurs in the future.</p>
<p>I think one of the ways to move make money is to start your own business, no matter how small the startup is. I am still at early stages, but with my vision, I&#8217;m positive I will succeed. So, if you are a local entrepreneur who blogs, submit your blog to be featured.<br />
<a href="http://theyoungbusinessman.blogspot.com/" onclick="javascript:urchinTracker ('/outbound/article/theyoungbusinessman.blogspot.com');"><img width="400" src="http://bp2.blogger.com/_pgI13KCh1R8/RrCAeowezdI/AAAAAAAAACs/FV8RpbulRjc/s400/LookingforEntrepreneurs.gif" height="240" style="width: 400px; height: 240px" /></a> </p>
<p>Sarah Tan &#8211; <a href="http://SingaporeProfit.com" onclick="javascript:urchinTracker ('/outbound/article/SingaporeProfit.com');">SingaporeProfit.com</a></p>
<div class="awmp_tags"><a href="http://singaporeprofit.com/search/entrepreneur/" rel="tag" >entrepreneur</a> <a href="http://singaporeprofit.com/search/young businessman/" rel="tag" >young businessman</a> <a href="http://singaporeprofit.com/search/Singapore Profit/" rel="tag" >Singapore Profit</a></div><p class="akst_link"><a href="http://singaporeprofit.com/?p=49&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_49" class="akst_share_link" rel="nofollow" >Share This</a>
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		<item>
		<title>Entrepreneurial Mindset</title>
		<link>http://singaporeprofit.com/2007/06/14/entrepreneurial-mindset/</link>
		<comments>http://singaporeprofit.com/2007/06/14/entrepreneurial-mindset/#comments</comments>
		<pubDate>Thu, 14 Jun 2007 00:47:55 +0000</pubDate>
		<dc:creator>Sarah Tan</dc:creator>
				<category><![CDATA[Entrepreneur]]></category>

		<guid isPermaLink="false">http://singaporeprofit.com/?p=10</guid>
		<description><![CDATA[Many rich people started their own businesses when they were still studying. They were already entrepreneurial at a very young age. Having such a mindset sets them apart from us and thus it is very important to acquire such a mindset of constantly thinking of business opportunities and learning from the experience. Some famous locals [...]]]></description>
			<content:encoded><![CDATA[<p style="margin: 0in 0in 0pt" class="MsoNormal"><span>Many rich people started their own businesses when they were still studying. They were already </span><span style="color: black" lang="EN-AU">entrepreneurial at a very young age. Having such a mindset sets them apart from us and thus it is very important to acquire such a mindset of constantly thinking of business opportunities and learning from the experience.</span></p>
<p><span style="color: black" lang="EN-AU">Some famous locals shared their success stories in the books that had written. A famous celebrity, Dick Lee, wrote in his book, </span><span class="text"><span lang="EN-AU">The Adventures of the Mad Chinaman,</span></span><span style="color: black" lang="EN-AU"> about how he sold porn magazines to his SJI classmates and made big bucks. He bought them cheap from a bookseller and sold at great profits to his classmates. </span></p>
<p><span style="color: black" lang="EN-AU">A motivational speaker and astute businessman, Adam Khoo, wrote about how he set up a mobile disco company while he was still in secondary school. He had approached his classmates to set up this business, but many of them gave excuses that they had no time, their parents would not allow, or they had no money. When they had such mindsets, they would not be able to succeed. </span></p>
<p><span style="color: black" lang="EN-AU">When I was still in secondary one, my friend came up with an idea about selling sweets and chocolates during recess to our classmates. It was rather affordable to enter the market, so I became a shareholder, along with some other classmates. Our business soon expanded to other classes, and even some of the older students frequented our shops. However, we were soon found out by our form teacher, and we had to pay heavy taxes in order to continue our business. As we were unable to buy our goods cheaply, we soon found the business tough going. When we ended our business, I made a grand profit of fifty-cents. That was ok considering I was just a passive stall owner. However, as a passive stall owner, I did not have much say in how the business was run, and hence I was unable to contribute much. </span></p>
<p><span style="color: black" lang="EN-AU">With this little enterprising streak in me, I think the only way to make big money is to go into business. One way you may wish to consider is to go into E-bay, and sell your things. The main thing is to find a niche market and procure your goods cheaply. With a strong demand, you will definitely earn money. After all, old Singapore made its riches as a middleman for the traders in Malay archipelago and the European, Indian and Chinese traders. There is money to be made as a middleman. If not, we will forever be trapped in the rat race.</span><span lang="EN-AU"><br />
</span></p>
<p style="margin: 0in 0in 0pt" class="MsoNormal"><span lang="EN-AU"></span></p>
<p style="margin: 0in 0in 0pt" class="MsoNormal"><span lang="EN-AU"><span lang="EN-AU"></span></span></p>
<p><span lang="EN-AU"><span lang="EN-AU">Sarah Tan &#8211; <a href="http://SingaporeProfit.com" onclick="javascript:urchinTracker ('/outbound/article/SingaporeProfit.com');">SingaporeProfit.com</a></p>
<p></span></span></p>
<p class="akst_link"><a href="http://singaporeprofit.com/?p=10&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_10" class="akst_share_link" rel="nofollow" >Share This</a>
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