This year I want to walk the path of entrepreneurship.
An interesting article Should You Be An Entrepreneur? Take This Test by Daniel Isenberg got me thinking.
PSS #1
After reviewing the Deutsche Bank Research paper, Understanding Vietnam: A look beyond the facts and figures by Tamara Trinh, as part of my on going research for insight on Vietnam's economy. It got me started thinking on an idea.
I code name this project PSS . Each week I will set myself an agenda to investigate on a given topic that will part of the project roadmap.
Comparing business models
The conversation over lunch was an interesting one.
A friend noted that the American way of running business is to outsource everything. So obligation is shifted to the service provider responsibility. Case study: Walmart, Amazon, etc
TCS, India largest outsourcing company. The business model for TCS is each three cycle, they hire fresh graduates and use internal key people in the company to train these cadets. They are innovative, energetic, work long hours and highly commited to their work. However, if they wish to leave earlier that the three terms they will have to payback the training cost.
In Australia, because Labour Goverment favouring the lower class, laws are created to prevent entrepreneurship, making it very difficult to get funding to startup businesses. Tax is one of the highest in any developed country. So most people choose the safe passage by running a self employed or cash business. Investing into property is also highl rewarding, Australian goverment is giving tax breaks for depreciated investment properties.
VirginBlue gold membership service
I'm very impressed at Virgin Blue Airline service for Gold members. I accidentially cancelled a flight and they were able to reinstate my booking at now extra cost.
Discussion on the future of Vietnam
A visionary disussion on intellectual ideas can help to steer Vietnam partnership with China and the US.
Key note:
- Political suppression will cause intellectuals to leave the country.
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