Dec 8, 2009

Where people dare

The property boom in the country during the last few decades has seen a surge in the development of many houses, shops and complexes.

If you were to take a drive to the many housing estates or to the shopping complexes, you will notice a distinctive feature of the many shops: majority is operated by the Chinese. Even during the current economic slowdown, many are still bold enough to venture into various types of businesses. Whenever and wherever there are opportunities, they will set-up their businesses like a swarm of bees that are attracted by honey.

In my housing estate, where there are so many restaurants that if I were to take my family for dinner by choosing one per week, it would take me a year to patronize all of them. I have noticed that not all of these restaurants are doing well, let alone to survive in this competitive market. In fact, it just amazes me that when one closes down, someone will take over, either to continue operate as a restaurant or to convert to other type of business. I have also noticed that there are more and more boutiques emerging which in future will change the area into a fashion street. There is also a posh snooker center whose capital outlay, I presume could be more than half a million. Just like the snooker center, some of the boutiques and restaurants are equally posh looking. I am just wondering how long it will take to earn back their capital outlay, not forgetting the profits.
I am sure such scenario is very similar throughout the country.
Why it is that the Chinese are bold enough to venture into business despite the many handicaps, while others are complaining of lack of opportunities? Even when opportunities are given on a platter, there are still so many failures? And with these failures, come the blame game.

Let us visualize what it will be like if there are no investments by these businessmen: many shops in the housing estates, shopping complexes and in the towns will be emptied and devoid of ‘life’. The whole place will be plunged into a dark and lifeless area like a ghost town without the vibrancy of human activities. And not forgetting the lost in the many jobs opportunities. With no jobs to feed the families, what will they do? To become small time thieves or big time robbers?
Oh yes, and the loss in taxes: income tax, licensing tax, signboard tax, the 5% Govt. Tax and a plethora of other taxes.

There are basically three attributes to be successful in business: be daring, be first and be perseverance. These attributes do not belong to one race. They belong to all. I am not here to glorify one race, for glory like the three attributes belongs to all. It is how one seeks glory through the use of good attributes that makes the difference.

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