What's the Authority of a Country Leader?

I was listening to radio while driving this morning, the hosts talked about the authority and power of the king in the country currently enjoying. From what they discussed, with the full authority has been assigned to prime minister, there’s nothing much left for the king. However, the king still has some basic authority such as election approval.

When I was at primary 3, my dad told me that the king used to have full authority and power. They do no need to go to jail even they kill people. That triggered my curiosity, because I listened wrongly as I thought the current king does not has to go to jail if he kills people. I did ask my teacher and she told me anyone commit crime, they will have to go to jail including king. At that time, I really thought so.

When I grow up, I realized that’s not the case. Whoever has the full authority and power, most of them are able to escape from going to jail even they committed crimes. Let’s take a look at the cases happened in our country, the murder case of Altantuya with C4 boom by 2 high position polices. Who has the authority to instruct them to do so? Who is actually the person behind? Why there’s no one put to jail until today?

Another greatest case is the recent 1MDB scandal. Why Singapore and USA have already proven it is a scandal and a lot of money pumped out have been slipped out to relevant people, why our leader still insisted 1MDB is making money and ignored about these news? Why can’t whole picture be matched?

I strongly believe it is not only in our country, but involving in our countries around the world. Look at how Thaksin and Yingluck, the ex-PMs of Thailand, how they got expelled, etc. Who the leader is behind is able to overruled PM? Isn’t it interesting?

What does the moral of this story? 

Full authority to a leader is a double edge sword. If the leader uses it properly, the country will excel. Look at where is Singapore now and 50 years ago. I strongly believe USA and Philippine will shine in the next 3 to 5 years. If the leader abuses it, then the citizens and the next generation will suffered like hell, just like…

Listen to Positive or Negative Feedback?

Last week, a good friend and I were having coffee and chi chat over a coffee shop. We talked about the near term prospects of our own companies and how to overcome this low crude oil and bad economy crisis. 

His plan is to expand to neighbor countries due to similar culture and business strategy, but he has the concern on limited cash flow, confidence level and know how. Basically he is doing cabling infrastructure distribution and services business. From what I noticed, he is doing very well on services over the past few years because of his public relations, reasonable price and being very flexible in doing business. Most of the customers like to deal with them. 

For their distribution business, it compliments with their projects and services, I guess may be about 15-25% of the total annual sales. A good thing about their distribution business is, all the products are self-developed and they have a lot better margins compared to the local rivals. Right now, his plan is to focus only on distribution business in neighbor country. 

I commented that I don't really look good on neighbor country even it's a much bigger cake, as the cabling infrastructure there are more mature and competitive than local market. Yes, they have their own brand and they are able to control the cost and selling price. But these cable items are very mature in the market, what makes me want to change brand or vendor? Are both solving the same problems? Unless you tell me I can make more margin by using your product? 

Well, this is traditional trading game and the price can only go lower and lower with lesser margin. With his concern in mind, it might be a waste of time and money, unless he has a out-of-the-box business strategy. I did advice him to try participate in international fair in the neighbor country and check out the response before rush in just like that. 

Unfortunately, free advice is always useless, people just don't appreciate it. He got pissed off. He scolded me for depreciating his products and he feedback that if everyone think like me, then no one is going to expand overseas. Well, it is true but that's only for those losers who stopped by the negative feedback. What I mean is he can actually leverage on those negative feedback to move forward! 

Well, I get his point why he is angry. From the way I noticed, most of the bosses or entrepreneurs do not like people provide negative feedback about their company, especially on their ideas, plans and solutions. Perhaps they were having hard time to make it over, and they think they need to be recognize badly. 

In my opinion, if one only want to listen positive feedback and fake comment, then I don't see this topic needs to be brought up and discussed anymore in the near future. When I reached home, I did apologize and text him we would not discuss about his company again and he is fine with it. 

I hope he'll ponder over my comments before he takes action. I wish him all the best for his overseas expansion.

Do You Possess Multi-Millionaires Traits?

I will stay at home to study public listed company (stock investment) and read Internet articles on Sunday noon and night normally. Some how I have great interest in doing this, and I feel very relax by doing it. ;) Of course, the ultimate purpose is to make me stronger, more knowledgeable, obtain higher return on business and investment.

I came across a simple article about the usual traits of the multi-millionaires, which I think it is quite true from what I noticed over multi-millionaires around me. I would like to share with you here.

There's a research center spent 5 years time to study 177 multi-millionaires, and they discovered the following 12 traits from these successful people. For those multi-millionaires climbing all the way up from the ground, they have their success reasons behind, and these are the traits.

1. They read frequently, and relentlessly upgrade their knowledge and mindset.
2. They exercise regularly and stay healthy.
3. They get to know other successful people and expand their networks.
4. They relentlessly seek for their own goals, they are persistence.
5. They wake up early.
6. They have multiple income sources, including business and investment.
7. They have mentor/s.
8. They have positive and aggressive attitude.
9. They do not follow the crowd.
10. They help others to be succeeded (so they can ride on others to earn more?).
11. They spend time to think and ponder over problems and future trend, daily.
12. They seek for feedback from others.

Sounds simple? Out of these 12 traits, how many of them you think you are currently possessing them? I think item 1, 2, 3, 5, 7, 11 and 12 are not that difficult, most of us can try to achieve them. But from what I noticed, we might not become millionaire even we possess all these 12 traits. Why is that?

Well, these are just common traits from these 177 multi-millionaires, or more. But doesn't mean the study proved that possess these 12 traits then you will become millionaires. We still need ideas, courage, resources and support to achieve it.

Being an entrepreneur, I realized what it takes to be successful. If we able to possess 12 traits above, it does help us a lot to be successful.

Some of us chose to be mediocre, that's fine. But some of us still have dreams and want to be rich. Anyhow, it's good to try to do business at least once and last it at least 1-2 years when you are young and single, then you will experience something you'll never get to experience in your life!