New ideas create better quality of life and wealth
This post is in the process, and final stages of buying of a pre need company for memorial services.
I can see this as a platform for other insurance products:
1. CP insurance like Asurion. The subscription is only $9.99 per month and covers: data protection, phone replacement within 24 hours. The remanufacturer is in the Philippines. The tech support is nothing compared to the unexpended revenues from 120 million subscribers. There can be a repeat in PHL and other Asian, African countries
2. Micro insurance. There are only 29% of the Filipinos covered. There is business at the bottom of the pyramid
This is all about new ideas and innovation. Entrepreneurship is all about new ideas and innovation. There could be no entrepreneurship unless the entrepreneur thinks out of the box, is creative, and constantly thinks of making his product, his market, his processes, his business model new. It is all about being better than before and the competition. It is all about preparing for the future. Maintaining status quo means death the end of the enterprise.
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1 comment:
This is an interesting news about top pre need companies in the philippines
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