Showing posts with label NU 12 LA. Show all posts
Showing posts with label NU 12 LA. Show all posts

Friday, May 11, 2012

Fwd: NU 12 - New spending habits by LA



---------- Forwarded message ----------
From: Lourenz Acosta <lourenz_acosta@yahoo.com>
Date: Mon, May 7, 2012 at 10:33 PM
Subject: NU 12 - New spending habits



New spending habits / routine

As a start-up entrepreneur, there are new spending habits that I have to practice. With the loss of a regular paying jobs, I am now faced with probable cashflow issues. The general idea is to curtail spending on leisure related items and save up money for build the business. Margins will be allocated to acquiring new assets that would increase the construction capacity of the company and minimizing expenses on transportation, meals, and other general expenses. The general notion would be to minimize spending on myself for now, so I can be able to pay off suppliers and workers on time. 3



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Fwd: NU 12 - New Attitude / Paradigm by LA



---------- Forwarded message ----------
From: Lourenz Acosta <lourenz_acosta@yahoo.com>
Date: Mon, May 7, 2012 at 10:32 PM
Subject: NU 12 - New Attitude / Paradigm



New attitude / paradigm
I've just recently started my own construction practice and there are many new attitudes that I need to learn. One which is learning to manage my time. Although i've done this quite well in the corporate setting, managing your time when you have people to delegate your work to is a lot easier than managing your time when you have to do everything. As a start-up entrepreneur, I cannot afford to hire assistants to do tasks yet. I wish to keep overheads low so I can be able to compete. This means doing most of the work myself. Given this scenario, I am looking at how to manage my 24 hours in a day. The idea is for me to come up with a formula or certain percentages of my time allocation for different work aspects – work supervision, prework preparation, procurement, marketing and business development, estimating, accounting, education, and of course leisure. I'm trying to cram this in a 12 hour working schedule per day. Right now, im still trying to figure out a way to make estimates for this, but I do believe this will help me prioritize and manage my time better. 3



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Jorge U. Saguinsin
blogs:   profjorgeentrep
              nuideas
              cheapcures
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SPREADING THE ENTREPRENEURIAL REVOLUTION