Kapanalig Sa Wala - Literally, one who also have faith in nothing, is a play on words and wasn't really intended to mean something. It was made in jest to call the atheist camp when I was still actively debating god in one of the demised public forums out there. I think walang pananalig (faithless) would have proven to be more precise but I think the intended humor will be lost.

Sunday, August 08, 2010

Update

I have decided to update this blog but with less about atheism and more about some other stuffs. First an update related to my post "Back To Work". I was granted a 90-day temporary visa for "designated activities" with the activity "preparing for departure." On the last day of my visa, I flew back home to the Philippines and after a month, I started a bar in Laguna. I only closed it a little over a month ago as it didn't work as I wanted it to be. It ran a total of 9 months. It was fun and a good learning experience. Here's the post-mortem of what mistakes I committed and my explanation on why it happened. When I started it, I had a very clear picture of what I wanted to do. I wanted to operate a small bar that can be run by at most, 2 people. The four things that should be maintained with high standards are (1) the beer should be ice-cold, (2) the toilets should be very clean, (3) should be air-conditioned, (4) plays great music. My biggest mistake was that I didn't stick to my plan. My plan was to put up a bar in Laguna first not mainly for profit but more for learning the ropes, then I'd close it and move the business to a more profitable location either in Valenzuela City near Fatima University or in Meycauayan, Bulacan near Meycauayan College. Also part of the plan was that there would be no live bands. But things gone out of hand, the next thing I knew, we were hosting live bands regularly which greatly increased our operating expenses (show bands are paid per head, while equipment is rented per piece). It went on for nine months in the red before I finally pulled the plug. Mistake number two is that I let it run indefinitely without a clear time frame of goals. The third mistake I did was that I didn't put everything that's needed to make it succeed like capital infusion was done more like piecemeal rather than right from the beginning. There was a good reason why I shouldn't have put all the capital upfront but now with the benefit of hindsight I am inclined to say that it was not a good reason. The root cause of the issues is that I didn't have a business plan worked out on paper that include the financials and the time-frame for measuring milestones. So next time I do it, I'll write one up so I can have clear guideline on how to execute it. There are other valuable lessons I learned mostly on operations, marketing, and financial analysis but I don't want to go into details here.

2 comments:

Euri said...

Hey there busy friend! I haven't talked to you in a while. How are you?

KapanaligSaWala said...

Same old, same old. I'm doing great, thank god! How are you doing?