Money that matters

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Having worked as an accountant for a number of years has its up sides and down sides. The attention to detail, the deadlines to meet, the scheduled taxes and government remittances that need to be fulfilled have rubbed off some of the creative edge in me. There were many occasions that I have had  a sense of what type of  business would work and not work in certain environments and true enough, a few months or years later, somebody else just went up and did it.

A few years ago, I presented my idea of opening a Starbucks coffee shop in Tagaytay long before there was anything on the ridge except abandoned vacation houses to some friends. I thought it was a feasible idea because of the planned development around the area but a friend of ours was pessimistic about it and said that it wouldn’t work. Well right now, I think it’s doing very well on the ridge. So much for my friend’s opinion. Of course, I knew we couldn’t do that even if  I wanted to because for one, to the best of my knowledge, Starbucks is not open for franchising. It is solely operated by the Rustan’s group of companies. So that gives me the perfect excuse not to get into it even though in truth, I only have a few pesos just enough to buy me not the franchise but the frappuccino…make mine mocha, please.

Another business venture that I thought of years ago was related to something I liked to indulge on –> chocolate covered caramel apples. Mmmm, I absolutely love these! I even tried to make some myself but I couldn’t get the technique right because the caramel would slide off the apples. It just didn’t come out the same as the ones I would buy in Arizona. And since I’m kinda OC or a bit of a perfectionist, I couldn’t get myself to put out a product I wasn’t going to be proud of or happy about. I asked some friends about that venture as well and that same friend who didn’t agree with that Starbucks idea didn’t think I had the market to sustain it. Oh well, guess what, somebody is actually selling them right now in Glorietta? in Makati! Not really the same as those I’ve tasted but hey, it’s the idea that counts.

Of course, I’ve had some ventures that didn’t last long because those involved evolved. Priorities and vision are basic values that need to be synchronized when you get into business and if those values are no longer shared, it’s time to move on.I do have some dreams and other projects cooking up and incubating in my brain. Hopefully, when everything falls into place and I have enough resources to pull it all together, I will turn a deaf ear to pessimism around me and muster up the guts to take that plunge and put my money into investments that really matter to me.

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2 thoughts on “Money that matters”

  1. I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Tom Stanley

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