Posts

Showing posts from November, 2025

If you can win this challenge, you will be rich soon

Image
Most people like to ask what kind of business they can be successful in when they start it. As the experienced people told them to select target customers and then find a kind of business that matches their needs, the newbies usually asked what kind of business can match all types of customers. It's hard to answer because no business can serve all customers. However, if you are the newbie and you insist on finding that business, you can try this challenge. There are five people, including you. It’s mealtime, and you are assigned to be a cook. One person is a vegan; one eats only fish but not seafood; one avoids vegetables and freshwater food; one avoids all kinds of eggs; you avoid dairy; and all five avoid canned foods.  If you can find a food that matches all five, then you will have a chance to be a successful businessman fast.

Between renting a house and buying a house using a bank loan, which one is better?

Image
This is a question that people, especially those who work in the office, usually ask themselves. Honestly, who doesn’t want to own their own house? Everyone wants privacy. But is it wise to take out a loan from the bank to purchase a house? Most people might think buying a house is better than renting if they save money and have a salary, because after many years, they still won't own the house. In contrast, if they take a loan to buy a house, their monthly payments may be similar, but eventually, the house will belong to them.  It is not wrong to think that way, but you should consider it carefully because even with a salary and a stable living situation, a small change could significantly impact your entire life.  Therefore, if you are considering taking out a bank loan to purchase a house, evaluate your finances and overall economic situation in the following ways: How many sources of income do you have?  If you have only one source of income, you might pos...

The power of seeing everything is a chance of earning

Image
Please allow me to share a story. It’s a true story, narrated by a person named A, who lived near them. This event occurred many years ago in Phnom Penh. There was a flat near A's house. A couple asked for a space in front of that flat to set up a small store to sell beverages.  Daily, the wife was at the store, and the husband worked as a motor-dub driver. However, the husband found time to assist his wife at the store.  In A's house, there was a garden with some tall grasses. One day, the husband approached A and expressed his willingness to help cut the grasses, stating that he had not set a price and that A could pay him any amount he considered fair. Since no one else was available, A agreed to hire the husband to cut the grasses. After finishing the chore, the husband told A that if A needed someone to cut the grasses again, he could call him anytime. Not only did A benefit, but the husband also offered to do any work for other houses around the store in exchange for som...

Discount is not attractive anymore if there is no improvement

In Cambodia, stores often use promotional tactics by offering discounts to customers. It works, but not very well, possibly due to a few reasons: - The customer service is not satisfactory. - The product quality seems down. - The place is not hygienic. Consequently, despite the stores' efforts to attract customers with discounts, few customers are actually drawn in. So, what techniques can be used to win over customers' hearts? First, they ask for the customers’ opinions and comments.  Second, they analyze and improve their offerings based on the needs of their customers.  At last, they thank the customers. Afterward, they relaunch the discounts along with additional gifts for the customers. Yes, it works very well.    

Cleanliness is a key to success too

No  matter how your product is prettily packaged and you promote and advertise greatly, the customers would come to your store only once but never again if they see your store is not clean. Why? Because: 1. When the customers come to your store and see how clean your store is, they will have good feelings. In general, they don't remember what your store contains, but they remember the feelings that your store gives them, so if they feel good, they will come again. 2. Health became a big concern to people around the world, and cleanliness or hygiene is the thing that they put in priority. So, if your store is clean, the customers will feel confident that they or their family members will not get sick after they interact with your store.   3. Apparently, price is the first thing the customers care about, and they like to compare, but they would feel acceptable even though the product price in your store is a little bit higher than other stores if they see your store provide...