Mr. H & I just returned from a trip back home to Cavite last Monday. It was quite promising to know that there is a potential market for the business we’re planning to establish. With a few connections in the LGU, the business industry and what remains of our wedding gift, I know we can make a start.
The sudden urge to establish our own business came from a few realizations a week ago: 1) Their company doesn’t have an accounting journal. No journal means no accounting book, ergo no accounting. Accounting is of course the blood of the business – hence, there’s no financial figures to interpret or draw encouragement from. 2) His business partners wouldn’t cooperate on the auditing for the past 2 years of the company. The papers are stashed (we don’t know where)… There are receipts and paper trails here and there, but without certainty that everything could be traced here. 3) One of his partners just want to let the past years go by… without conducting audit.
I have a perfect understanding of how my husband feels about this. After all, I’ve observed entrepreneurs, learned from a few of them, read tons of Entrepreneur Magazine and stuff. Basically, to be a business partner and not know how much your company has been profiting for the last couple of years is alarming and frustrating! I don’t know why his other partners aren’t, but as an outsider I’m worried that they’re not achieving stability.
So to help a desperate Mr. H, I began researching & reviewing basic principles and accounting sheets. I helped design a journal so they could begin at least with this month to apply a system. Its actually what I’ve been helping them out with for some days now. Unfortunately, I feel like some of his partners aren’t happy with what we’re doing.
SIGH! BUSINESS – ACCOUNTING – MANAGEMENT!
I guess I have enough experience when it comes to management considering my previous job, only applied to a different setting in the government office. So this is how it feels to manage a business. You need to be a salesman, an administrator, a human resource manager and most importantly an accountant! You need figures to interpret and make smart financial moves.
As my head gradually became saturated with over-thinking what to do tomorrow and the next week to somehow contribute and ease this problem, I just need to squeeze out and organize a part of my psyche — which is my new email! (Yes, the hassle of getting married and changing last names) Amazingly, I just found out that Gmail can import messages from my previous email to my new one! I’ve imported my contacts as well! ^__^ Just terrific!
I least expected to find this amusing 3 Minute Management Course which a good friend sent to me last year. I’d like to share with you this:
Lesson One:
An eagle was sitting on a tree resting, doing nothing. A small rabbit
Saw the eagle and asked him, “Can I also sit like you and do nothing?”
The eagle answered: “Sure, why not.” So, the rabbit sat on the ground
below the eagle and rested.
All of a sudden, a fox appeared, jumped on the rabbit and ate it.
Management Lesson: To be sitting and doing nothing, you must be sitting very, very high up.
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Lesson Two:
A turkey was chatting with a bull. “I would love to be able to get to
The top of that tree,” sighed the turkey, “but I haven’t got the energy.”
“Well, why don’t you nibble on some of my droppings?” replied the bull.
“They’re packed with nutrients.”
The turkey pecked at a lump of dung, and found it actually gave him
Enough strength to reach the lowest branch of the tree. The next day,
after eating some more dung, he reached the second branch.
Finally after a fourth night, the turkey was proudly perched at the top
of the tree. He was promptly spotted by a farmer, who shot him out of the
tree.
Management Lesson: Bull shit might get you to the top, but it won’t keep you there.
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Lesson Three:
A little bird was flying south for the winter. It was so cold; the bird
froze and fell to the ground into a large field.
While he was lying there, a cow came by and dropped some dung on him.
As the frozen bird lay there in the pile of cow dung, he began to realize
How warm he was. The dung was actually thawing him out! He laid there
Warm and happy, and soon began to sing for joy.
A passing cat heard the bird singing and came to investigate. Following
The sound, the cat discovered the bird under the pile of cow dung, and
Promptly dug him out and ate him.
Management Lesson:
(1) Not everyone who shits on you is your enemy.
(2) Not everyone who gets you out of shit is your friend.
(3) And when you’re in deep shit, it’s best to keep your mouth shut!
This ends the three minute management course!
Chynnita in the City 