Lessons learned

Published April 29, 2019, 12:00 AM

by manilabulletin_admin

George S. Chua
George S. Chua

Turning into a senior citizen this year and paying for my uninterrupted SSS membership since I was 18 years old does seem like a pretty long time in the salt mines. Let me put all those years to good use by allowing me to share with you some of the lessons I have learned through my working experience these past 42 years.

Kindness works most of the time. If you are kind to people, they will also be kind to you… hopefully. We all want to be close to nice people and avoid nasty ones. I have to admit that in some cases this can be viewed as weakness and of course people could take advantage. However, in most cases a simple act of kindness, even to strangers or people you don’t need anything from has the benefit of making you feel good and may pleasantly surprise you at some future point in time when it is returned.

Integrity builds up your positive reputation that you are someone that can be trusted and relied upon. Once you have established yourself as someone who has integrity, more doors and opportunities will be open to you. In business, you avoid people you cannot trust and those that do not keep their word.

Contingency planning is essential to anything you do. You need to have a back-up plan, similar to the disaster recovery plan of most companies. This is like having an insurance policy or having a safety net to catch you when you fall. Contingency planning includes things like portfolio diversification, having multiple suppliers, not relying on just one customer or putting all your eggs in one basket.

Knowledge build up is an ongoing process that enables you to become more valuable over time. Knowledge comes from education, experience and learning from others. Knowledge requires that you update yourself with current information, new technologies, changing demographics and trends, and the correct data.

Awareness of your environment, the competition, your own weaknesses and limitations and opportunities allows you to move in the right direction and make proper investment decisions. Awareness allows you to avoid pitfalls and problems. This acute awareness is sometimes referred to by some as a sixth sense.

Savings and investments allow you to consider more alternatives and is an enabler in fulfilling your dreams and achieving true freedom to do the right thing. Savings and investment goes hand in hand and is a very long-term process of building up your asset base so that you can provide for your family and enjoy retirement properly.

Success is the ultimate goal but it can be broken down into visible short-term accomplishments. Success in completing your college, success in getting the job you want, success in getting your first promotion, success in putting up your first business, success in getting an award and so on. In my experience it helps dramatically if you have the power of positive thinking that you can achieve your objective and it is equally important that you have a goal. This is like driving, you do not hop into the car unless you know where you want to go.

Well what do you know, as it turns out this spells KICK ASS! This is another reminder that if you want to get things moving in the right direction and the right time, you sometimes have to kick ass!

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