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Saturday, March 28, 2009
Friday, March 27, 2009
Rice Business
I got an email from "Reli":
Good day, sir!
Matagal na po akong nagbabasa sa blog nyo at gusto ko pong malaman nyo na isa kayo sa inspirasyon ko na pasukin ang pagbibusiness. Nabasa ko po ang isang post nyo sa rice business at interesado po ako na subukan ito sa aming lugar. Hindi ko na po makita ang post about sa rice business nyo ngunit sa pagkakantanda ko, nagshare po kayo kung paano ito sisimulan. Maaari po bang maibahagi ninyo kung ano ang mga dapat kong ihanda sa pagsisimula ng business na ito o sagutin po ang aking mga katanungan.Sana mabigyan nyo din po ako ng mga pointers na dapat sundan sa para mamanage ito ng maayos.
1. Ano pong mga permits ang dapat ihanda?
2. Kailngan po ba ng isang bodega para sa ganitong business?
3. Kanino po kayo kumukuha ng supply ng bigas? (diretso po ba sa magsasaka/rice milling/agent)
4. Maganda po ba ang kita sa pagbibigasan?
Salamat po ng marami. Godbless and more blessings po sa inyo.
------------
Hi Reli,
1. You would need a local business permit issued by your LGU; and you have to visit NFA for permits on rice retailing. Check their website as well as permits for warehousing, milling and retailing are different.
2. I would say it would depend on how much capital you have. A huge advantage on this business is on warehousing/bodega - just by doing so, and bidding (waiting) for a good timing (price) you can easily earn a 20% or more mark up. Remember last year? It was a bonanza.
3. I get from both. Of course, you earn more if you get it from farmers.
4. I would say, yes, do both retail and wholesale.
-------
My advise:
a. Run your business yourself - do not trust anyone as possible, including relathieves, hehehe. You will learn the basics fast, i.e. how many kilos a sack of palay is, how many kilos it would become if milled, and how much would it be if sold retail/whole sale; and the costs along the way.
b. Test the business first with less volume and capital - then evaluate, and evaluate.
c. To give you an idea: a sack of palay (37-39 kg) as of today can be bought at 14.10 per kilo from farmers, two sacks of the same palay (more or less) can give you a 50 kg of rice which would, if sold retail, can fetch 37-38 pesos per kilo. You will also earn from "ipa" and "binlod" which is used as feeds.
----------
How it all started:
Years ago (2003), a farmer approach me, wanting to mortgage his rice land. I agreed, for 100K pesos, I got his land ( 10 years contract, which means he can redeem it only after 10 years). He farmed it and paid me a rent of 70 sacks of palay every cropping, twice a year.
The first cropping in 2003, the price of palay was 5.80 pesos per kilo, and for every sack, there's 37 kgs., so I earned around 15,000 per cropping, since it was twice a year, I earned around 30,000 per year on my 100K investment.
Today, the a kilo of palay is 14.10 to 15.00 pesos. I still have the rice land with me since it is redeemable only on 2013. Last year alone, I earned more than 100K from the rice land.
In this business, you got to have an appetite for profit. Pag na konsensya ka - donate more to charity.
Expand the business, and diversify.
Today...what I have in hectares of rice land is unmentionable (nakakahiya) to think na squatter lang ako dati at walang ka lupa lupa hahaha.
Just keep on patronizing/giving to charity on your way to wealth.
Good luck.
---------
PS: I still tell my friends I am unemployed/retired since I left my jobs in KSA around 3 years ago. This business is kind of boring as you will only be busy 2 months in a year, more or less. So diversify, make a blog, travel more, go into other businesses etc.
I also have a transportation business, overtime, maintenance cost (spare parts, gasoline etc.), and depreciation costs eats up you're capital. But in this business, I would say, there is no depreciation costs, as rice prices, and land values just keep on going up.
Good day, sir!
Matagal na po akong nagbabasa sa blog nyo at gusto ko pong malaman nyo na isa kayo sa inspirasyon ko na pasukin ang pagbibusiness. Nabasa ko po ang isang post nyo sa rice business at interesado po ako na subukan ito sa aming lugar. Hindi ko na po makita ang post about sa rice business nyo ngunit sa pagkakantanda ko, nagshare po kayo kung paano ito sisimulan. Maaari po bang maibahagi ninyo kung ano ang mga dapat kong ihanda sa pagsisimula ng business na ito o sagutin po ang aking mga katanungan.Sana mabigyan nyo din po ako ng mga pointers na dapat sundan sa para mamanage ito ng maayos.
1. Ano pong mga permits ang dapat ihanda?
2. Kailngan po ba ng isang bodega para sa ganitong business?
3. Kanino po kayo kumukuha ng supply ng bigas? (diretso po ba sa magsasaka/rice milling/agent)
4. Maganda po ba ang kita sa pagbibigasan?
Salamat po ng marami. Godbless and more blessings po sa inyo.
------------
Hi Reli,
1. You would need a local business permit issued by your LGU; and you have to visit NFA for permits on rice retailing. Check their website as well as permits for warehousing, milling and retailing are different.
2. I would say it would depend on how much capital you have. A huge advantage on this business is on warehousing/bodega - just by doing so, and bidding (waiting) for a good timing (price) you can easily earn a 20% or more mark up. Remember last year? It was a bonanza.
3. I get from both. Of course, you earn more if you get it from farmers.
4. I would say, yes, do both retail and wholesale.
-------
My advise:
a. Run your business yourself - do not trust anyone as possible, including relathieves, hehehe. You will learn the basics fast, i.e. how many kilos a sack of palay is, how many kilos it would become if milled, and how much would it be if sold retail/whole sale; and the costs along the way.
b. Test the business first with less volume and capital - then evaluate, and evaluate.
c. To give you an idea: a sack of palay (37-39 kg) as of today can be bought at 14.10 per kilo from farmers, two sacks of the same palay (more or less) can give you a 50 kg of rice which would, if sold retail, can fetch 37-38 pesos per kilo. You will also earn from "ipa" and "binlod" which is used as feeds.
----------
How it all started:
Years ago (2003), a farmer approach me, wanting to mortgage his rice land. I agreed, for 100K pesos, I got his land ( 10 years contract, which means he can redeem it only after 10 years). He farmed it and paid me a rent of 70 sacks of palay every cropping, twice a year.
The first cropping in 2003, the price of palay was 5.80 pesos per kilo, and for every sack, there's 37 kgs., so I earned around 15,000 per cropping, since it was twice a year, I earned around 30,000 per year on my 100K investment.
Today, the a kilo of palay is 14.10 to 15.00 pesos. I still have the rice land with me since it is redeemable only on 2013. Last year alone, I earned more than 100K from the rice land.
In this business, you got to have an appetite for profit. Pag na konsensya ka - donate more to charity.
Expand the business, and diversify.
Today...what I have in hectares of rice land is unmentionable (nakakahiya) to think na squatter lang ako dati at walang ka lupa lupa hahaha.
Just keep on patronizing/giving to charity on your way to wealth.
Good luck.
---------
PS: I still tell my friends I am unemployed/retired since I left my jobs in KSA around 3 years ago. This business is kind of boring as you will only be busy 2 months in a year, more or less. So diversify, make a blog, travel more, go into other businesses etc.
I also have a transportation business, overtime, maintenance cost (spare parts, gasoline etc.), and depreciation costs eats up you're capital. But in this business, I would say, there is no depreciation costs, as rice prices, and land values just keep on going up.
Tuesday, March 17, 2009
Do we apologize to US Lance Cpl. Daniel Smith?
I don't know what to say.
Todays headline says: ‘Nicole’ recants, clears Smith
---------
In my Jan. 3, 2007 post, I said:
--------------
To be honest, from the very start I had doubts that there had been rape.
It is good that Nicole finally came forward to set the truth straight.
There are women (hindi lahat) that "use lies" or are compulsive liars just to get back on an insult made on them. Nicole was such a kind of woman.
--------------
Many people with political interests/motives rode...rode... well the issue for their own blind/stupid interests.
Sinakyan...at nalaglag.
If only they have been open minded, objective, and fair.
A person, Daniel Smith, would not have suffered for more than 2 years in jail.
--------------
Sarado na kasi mag-isip minsan ang iilan.
Todays headline says: ‘Nicole’ recants, clears Smith
---------
In my Jan. 3, 2007 post, I said:
Would there be such an issue now, if it was Jeepney driver that pick up Nicole in Subic? I mean what really happened? Common..
We have had too many misguided nationalists in this country that they are too misguided to still believe that the possibility that Smith is innocent, even for a 1% possibility, we still have to give him the benefit of the doubt. I mean Gabriela et al, and even Etta Rosales (which I saw on TV) were acting idiotic and strange, making mountains out of molehills. Why have they convicted Smith? I mean, why is the left and our too many misguided nationalists have given too much attention than is necessary to the case, as if it is the Holy Grail of solving all our problems? Is it because he is an American? What if he was a Filipino Jeepney driver?
--------------
To be honest, from the very start I had doubts that there had been rape.
It is good that Nicole finally came forward to set the truth straight.
There are women (hindi lahat) that "use lies" or are compulsive liars just to get back on an insult made on them. Nicole was such a kind of woman.
--------------
Many people with political interests/motives rode...rode... well the issue for their own blind/stupid interests.
Sinakyan...at nalaglag.
If only they have been open minded, objective, and fair.
A person, Daniel Smith, would not have suffered for more than 2 years in jail.
--------------
Sarado na kasi mag-isip minsan ang iilan.
Getting a Car Insurance
I have to renew my car insurance again. I do this every year. With the bad economic climate that we have now, we really have to find ways how to avail a Cheap Car Insurance. This obligation is unavoidable. It is a legal requirement. And no matter what the economic situation we are in, we got to have a car insurance to enable us to drive our cars. Car insurance can be cheaper or expensive – it is up to us what to choose.
What can we do to reduce our car insurance? Searching for a cheap insurance could be a hassle. We can make calls and inquiries; we can even ask our friends for advice, or search the internet. It would be great if we can find a site that compare prices among several companies and make offers based our needs, and what we can afford. This way we can choose an insurance that can provide us best value for our money.
So...search the internet, compare, and ask advice. We have to remember that the cheapest or expensive car insurance may not offer the extras we need; and it is possible that we could end up paying more if an unfortunate accident happen – choose well.
What can we do to reduce our car insurance? Searching for a cheap insurance could be a hassle. We can make calls and inquiries; we can even ask our friends for advice, or search the internet. It would be great if we can find a site that compare prices among several companies and make offers based our needs, and what we can afford. This way we can choose an insurance that can provide us best value for our money.
So...search the internet, compare, and ask advice. We have to remember that the cheapest or expensive car insurance may not offer the extras we need; and it is possible that we could end up paying more if an unfortunate accident happen – choose well.
Saturday, March 14, 2009
Have you heard the Asean Anthem?
I read it from Jakarta Post.
The anthem is titled “The ASEAN Way” – composed by a Thai group whose song won the most votes out of 99 finalists from ASEAN member states.
The lyrics are as follows:
The anthem is titled “The ASEAN Way” – composed by a Thai group whose song won the most votes out of 99 finalists from ASEAN member states.
The lyrics are as follows:
Raise our flag high, sky high, Embrace the pride in our heart. ASEAN, we are bonded as one.
Look’in out to the world. For peace, our goal from the very start, And prosperity to last.
We dare to dream. We care to share, Together for ASEAN. We dare to dream. We care to share, For it’s the way of ASEAN.
Sunday, March 08, 2009
Cars in KSA
Saudi Arabia or KSA is a car country, this is because of its vastness, and having a car is a must. You can find all sorts of cars on the streets - from Japanese cars such as Honda, Isuzu, Mazda, Mitsubishi, Nissan, Suzuki, Toyota etc., and of course, including American, European, Korean and even Indian cars. At night, secluded streets maybe a haven for drag racing, yes you read it right, drag racing. Easily, if you drive around at night, you can spot places where car racing is occurring. Young people in KSA are into cars, and are using their wealth to cure boredom in a country with a very limited entertainment, and where sexes are segregated.
But what makes ones head move is when a Honda Civic is around. It is one of the most popular and successful car models in KSA. I regard the Civic as a good value for money, as it offers a combination of excellent performance, fuel economy, reliability and several other standard features. The Honda Civic appeals across ages, from college students to elderly professionals. This is because of car’s flexibility, dependability, and excellent performance. Yup, you can always spot a Honda Civic driven by young people in the Kingdom of Saudi Arabia.
But what makes ones head move is when a Honda Civic is around. It is one of the most popular and successful car models in KSA. I regard the Civic as a good value for money, as it offers a combination of excellent performance, fuel economy, reliability and several other standard features. The Honda Civic appeals across ages, from college students to elderly professionals. This is because of car’s flexibility, dependability, and excellent performance. Yup, you can always spot a Honda Civic driven by young people in the Kingdom of Saudi Arabia.
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