Who says that homes for the aged will not prosper in the Philippines?

New ideas create better quality of life and wealth

Rizal Philippines
May 28 2017

Mabuhai Nursing Homes





Anawim caring for the elderly

A lot of Filipinos expats in the US are making good in the "homes" (for the aged) business.   Some doctors I know sold their house and migrated to the US to be in the homes business. A relative of my wife petitioned their MDs and DMD daughters to run their homes in the US (he has at least two).   We only thought that in Japan where there is an aging population is the nearest place where homes would prosper.

Filipinos are supposed to be family parents oriented.  But it looks to be fast disappearing because of Western influence and the busy lifestyle that is fast being the adopted by modern Filipinos

Some friends went to a home for the aged in nearby town to cheer up the residents and donate equipment (a washing machine)    It is privately run and established by a CI who was not able to take care of her parents in their hour of need (where they need care)

It is a business where the residents pay a certain amount but a good number of them, who used to be well off and professionals are not paying and neglected by their families.   (Those who all ready bequeathed their wealth to their children) and/or whose children are abroad, are professionals and who have no time for their parents anymore.

That will be direction of the care of the aged in the Phil. and may be new opportunities for care givers.  NO need to go abroad.  And may be the SSS benefits would be enough for home care.   Home for the aged.  Also the NGO would have to pay attention to this.  I need to put up one for this purpose

Innovative ideas by Pinoy Chefs/entrepreneurs

New ideas create better quality of life and wealth

Rizal Philippines
May 20, 2017

To really produce new products and encourage entrep students practice tinkering and experimenting with new ideas, the easiest route/medium is food.  That is why I had sort of iron chef competition in the class where they have their own menu and make their pitches (they have to do a sales talk to entice buyers/customers)

Food is also the greatest family expenditure consuming more than 50% of the GDP.  This runs into trillion.

It is no wonder that the food industry has its biggest share of winners (and losers.)  Innovation here is short lived, sometimes with the same life span of a vegetable in the refrigerator.  Food taste rapidly and some restaurants, change their menu and format every quarter.  Otherwise, you will not survive.
Customer needs change rapidly

Some notable foodstuff innovation that I saw:

1.   Brewed coffee in a tea bag.  An entrepreneur experienced that brewing coffee takes time .  So why not do it the teabag way.  All you have to do is boil water and put the tea bag in.
Brewed coffee in a tea bag

2.   The boodle fight restaurant in Navotas.   Price ranges from P499 for four and up to P799 for eight people.   There are lot of customers   Pias boodle fight resto in Navotas

New ideas create plenty of wealth - new ideas worth billions discussed/planned in a matter of one afternoon

New ideas create better quality of life and wealth

Rizal Philippines
May 10, 2017

We discussed a number of ideas worth billions ready to implement at once at famous lounge of a bank, dept store conglomerate:

We talked about wealth creation today which is amazing:

Holy Gardens Calamba                        P1, 120,000,000

St John (at 3 hectares) Marbel                    252,000,000

St John  Malasiqui                                       840,000,000

Subdivision                                        

Manresa                                                       736,000,000

              Total                                             2,948,000,000

This is not small time but comprise the total size of assets of company, all discussed in one day.  That is the amount of wealth that we could possibly create with some imagination and hard work.

The interesting idea here is:

1.  The memorial parks can be developed in jv, the development can be in a co developer scheme:    I share with a contractor share of the profit as a developer