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12 Life Lessons for Entrepreneurs by Bunny Pages | Wealth Bootcamp 2.0




Last March 19, 2017, the much awaited second series of Wealth Bootcamp: From Zero to Hero was held at Harold's Hotel. Around 150 entrepreneurs and aspiring entrepreneurs attended the powerful event.



The first speaker, Jess Faller, Engineer by profession and a Certified Financial Educator talked about the Big 3 in the Financial Industry - the Banking Industry, the Insurance Industry and Investment Industry, where money is created, distributed, brought and sold.



 "It is not mainly about your career that makes you successful - it's in the daily financial decisions and lifestyle  that makes you a failure or a success." 

That' why Financial Education is the biggest and most powerful innovation today. It is important to have basic knowledge on personal finance.

-Saving the right way
-Managing Debts
-Creating Emergency Funds
-Knowing the Power of Compound Interest
-Building Solid Financial Foundation - Life Insurance, Healthcare, Stock Market, Mutual Funds

The best solution to get ahead is to become a Financial Literacy advocate. Attend lectures, seminars, coaching classes such as TRC of Bro. Bo, WBC of ProsperPinoy and/or weekend Financial Education Workshop of IMG.



The second speaker was one of  Cebu's leading entrepreneur, Mr. Bunny Pages, the owner of Thirsty, Lantaw Restaurant, Mooon Cafe, and many more. He personally shared how happy he was to be speaking in front, he just had a surgery and thank God he is doing very well now for he was able to deliver inspiring lessons that day.

12 Life Lessons for Entrepreneurs

1. A Business is given by the Lord. 



A business is a blessing, you should cooperate with grace. Always pray for guidance, his simple prayer is like this "Lord if this is for me, please make it easy. If it's not, please make it hard."

And since it is given by the Lord, you must always be prepared - "It is better to be prepared and not have an opportunity than to have an opportunity and not be prepared."

2. Don't stop learning.



Practice "Kaizen" a Japanese term for continuous improvement. Doing small improvements daily is the key to long-term success in life and in business.

Bunny Pages became who he is today through reading. Some of the books that changed his life are the following:

-21 Irrefutable Laws of Leadership by John Maxwell
-Great by Choice by Jim Collins
-Good to Great by Jim Collins
-Ready for Anything by David Allen
-The Greatest Salesman in the World by Og Mandino
-Mindset: The New Pschology of Success by Carol S. Dweck 

"Be a life-long learner. Read, read, read everyday. It is your ticket to success and happiness in life."

3. The Purpose of a Business is to create more Satisfied Customers. 



Bunny Pages' mobile number was printed in every Thirsty cup before, he personally receives and replies to customer feedback because it is important to listen to the customers. Courteous treatment will make a customer a walking advertisement.

4. No one can do it alone, Business is a Team Sport.



A smart entrepreneur knows that he cannot run a business on his own. The success of a business is a combined effort of the whole team.

5. Everything rises or falls in Leadership.



Knowing how to lead is only half the battle, understanding leadership and actually leading are two different activities, The mindset of a leader is very important, it is the new formula to success.

Two types of mindset:

6. Blue Ocean Strategy


www.blueoceanstrategy.com


In today's overcrowded industries, many are competing in the bloody red ocean of rivals fighting over a shrinking profit pool. Blue Ocean Strategy describes how businesses should try to find a way to work in a marketplace that is free of competitors.

To learn more, click this link: Blue Ocean Strategy

7. Business is a Game.



The only way to play in the business is to play to win or play not to lose. What's the difference? 


Playing to win means playing all out, you're putting everything out there to win and holding nothing back. Playing not to lose means holding something back. Being conservative. Making sure if you don't win, you minimize your losses.

"The better your business becomes, the more you work harder, don't ever let it go."


8. The Main Job of a Leader is to Build and Develop more Leaders.




Helping others grow can be one of life's most rewarding experiences, not only for the business but also for one's self. Everyone on this earth is good at something; it's up to you to find out what it is and then build on it.


9. Our Best Asset is the Right People.




Leaders that go from good to great start not with "where" but with "who". They start by getting the right people on the bus, the wrong people off the bus, and the right people in the right seats.


If you have the right people on your bus, you'll be able to build momentum since you have the same vision, you'll be going to the same direction. Nothing beats being part of a team that is expected to produce great results.

If you have the wrong people on the bus, you maybe headed in the right direction but you still won't achieve greatness. Great vision with mediocre people still produces mediocre results.

10. Build and Sustain Momentum 




A. Solving your problems

When faced with a situation, you determine if it is a problem or a condition? A problem has a solution but a condition has none. If it's a problem, drop everything and do whatever it takes to solve it. If it's a condition, accept the situation.

B. Capitalizing on your Opportunities
The best preparation to take on a business is a clear mind. Open loop is a thought that is not solved, hence it keeps on popping up in your head all the time such as unfulfilled promises or commitments. To close an open loop is to decide what FIRST action to take and then just do it.

C. Practicing innovation through Kaizen

The major cause of business failures is the entrepreneur himself. When he becomes big-headed and thinks he knows everything, that's the start of his downfall. The only way to prevent this is to practice continuous improvement.

11. Let them feel that you care for them.




Building strong relationship is key to success. Because in business it's about people, it's about relationships.

12. The Universe likes Speed. 





Do everything with speed, be ready for anything.


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Stay Tuned for Wealth Bootcamp 3.0! Get updates from Life at IMG and ProsperPinoy

Check out our previous Wealth Bootcamp 1.0 Event here

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PS: Do you want to learn and invest in the Stock Market? Let Bro Bo Sanchez be your financial and spiritual mentor. Join us here: --> Truly Rich Club 2.0