Usahawan dan Ilmu (Part 2)

Kategori kedua ilmu yang perlu dikuasai oleh para usahawan adalah ilmu rohani. Ia merangkumi aspek 'al' amin' yang berkaitan dengan kekuatan jiwa, ketajaman minda, ketinggian akhlak dan kekukuhan iman.

Sebahagian drp ilmu ini diperolehi drp proses pembelajaran dan sebahagian lagi melalui pengalaman, latihan, penghayatan dan amalan.
Ilmu ini melatih kita utk menjadi amanah dan bermaruah pada setiap masa. Tidak mengkhianati sesuatu tanggungjawab sungguhpun diuji dengan getir dan payah.

Amanah dan maruah bukan setakat dipakai bahkan dijiwai dengan sepenuhnya.
Ilmu ini menjadikan 'quality centric' diamalkan pada setiap perkara. Tekun dan konsisten sentiasa diamalkan bagi setiap masa dan ketika. Natijahnya, kualiti bukan sahaja wujud pada produk/servis tetapi juga pada diri kita sebagai usahawan.

Tekanan, kepayahan dan kesempitan adalah sekolah pengalaman yang benar-benar mengajar kita erti kekuatan dan ketahanan.

Andai berjaya melepasinya, maka kita akan menjadi lebih lunak dan rendah diri di dalam berurusan. Tidak sombong dan berbesar diri dengan sesiapa pun. Menolong sedaya mungkin serta berkhidmat sepenuh hati.
Ilmu inilah pelengkap kepada usahawan. Tanpanya perniagaan tempang dan cacat. Mungkin laku keras namun tiada berkat. Mungkin jenama gah namun tidak bertahan.

Jadi kuasailah ilmu ini bagi menjadikan perniagaan kita bukan setakat berfizikal tetapi juga berjiwa dan mempunyai roh.

Ingin mendapatkan tips harian usahawan, boleh klik
https://chat.whatsapp.com/HJWbTK0XtVMBZLNY9aumis

Mismatch Financing

Philip Augar in his book 'Reckless The Rise and Fall of the City' page 112 stated that :-

' One example concerned the management buyout at Debenhams backed by the private equity groups CVC Capital Partners, TPG Capital  and Merrill Lynch Private Equity in 2003. The backers had put up $606 million in equity and $1.1 million of debt was raised on Debenhams balance sheet. By remortgaging some of the stores and raising $325 million from the bond markets, the company was able to pay its new owners $130 million by way of a special dividend within months of the takeover. This perfectly routine piece of financial engineering would have attracted no attention except that soon after the business was listed on the Stock Market in May 2006 profits and the share price collapsed.

The above strategy looks attractive in cashing out the cash and sharing it with the involved party. The immediate investors will get their sweetener before the real operating profit/lost are generated/incurred which normally will take at least quarter of decade for the detection. It is an easy money for the investor and may generate interest to the speculator to jump into the boat and reaping the crop of the easy dividends. It will increase the immediate price of the stock when the number of the speculators increasingly pile up into this counter.

However, not all of 'good days' will end up with a brighter weather, the speculators normally will left the company after a shorter parking period, not to stay for a longer one. After the peak is over, the stock price will reduce back to the real level or lower. Then, the operational matter is the one to determine the value of the company, real value with a real business.

The earlier attraction which is putting the sugar to the ants is not a good solution. It is a mismatch financing activity in which the dividend is created from the loan not from the profitability of the company. Loan is not meant for profit distribution but it is good for CAPEX(capital expenditure) and OPEX (operational expenditure).

The Story of Two Cows

TWO COWS ~{Matthias Varga}

SOCIALISM
You have 2 cows.
You give one to your neighbour

COMMUNISM
You have 2 cows.
The State takes both and gives you some milk

FASCISM
You have 2 cows.
The State takes both and sells you some milk

NAZISM
You have 2 cows.
The State takes both and shoots you

BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other, and then
throws the milk away

TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy
grows.
You sell them and retire on the income

ROYAL BANK OF SCOTLAND (VENTURE) CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by
your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption
for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release.
The public then buys your bull.

SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons.

AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to
produce the milk of four cows.
Later, you hire a consultant to analyse why
the cow has dropped dead.

A GREEK CORPORATION
You have two cows. You borrow lots of euros to build barns, milking sheds, hay stores, feed sheds,
dairies, cold stores, abattoir, cheese unit and packing sheds.
You still only have two cows.

A FRENCH CORPORATION
You have two cows.
You go on strike, organise a riot, and block the roads, because you want three
cows.

A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce
twenty times the milk.
You then create a clever cow cartoon image called a Cowkimona and
market it worldwide.

AN ITALIAN CORPORATION
You have two cows,
but you don't know where they are.
You decide to have lunch.

A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.

A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment, and high bovine productivity.
You arrest the newsman who reported the real situation.

AN INDIAN CORPORATION
You have two cows.
You worship them.

A BRITISH CORPORATION
You have two cows.
Both are mad.

AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the ** out of you and invade your country.
You still have no cows, but at least you are now a Democracy.

AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.

A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive...

Extracted from online sources...