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Showing posts from November, 2025

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

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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?

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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

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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...

Can a natural disaster be a chance to be rich for the online content creator?

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November 2025 appeared to be a season of disasters for Asia. These disasters include floods, wildfires, and landslides. However, the news, including on TV and social media, discussed the problem, the casualty, and the helpers, but no one mentioned how to prevent it or protect against it. It’s not new. These disasters occur annually, yet victims continue to suffer while the government seems to be making slow progress in addressing these issues. Especially during the internet and AI era, individuals who are not directly affected by the disaster often enjoy posting on social media or creating content to discuss it, showcasing their sad expressions or tears.  From a business perspective, this behavior is beneficial and effective because it generates revenue for those involved. If we look at it from the perspective of humanity, it’s not good. But is this the only way? Can we combine these two together? It is possible to integrate business and humanity simultaneously. For, for in...

Should you rent a store or sell on street?

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It’s difficult to give a straight answer, but there is a true story that might help you decide. In Phnom Penh, in a local market, there was an old lady walking daily to search for box paper, steel bottles, and plastic bottles in dustbins in the market. There were some sellers in the market who thought about sharing their money to rent a store for her to sell anything she wanted to. But she said no.  Why?  The reason was that she had previously been one of the sellers in this market as well. She rented a store where she sold hairpins and other hair decoration items. Then she saw that the earnings she got daily were for the store fee only. Therefore, she decided to quit the business and opted to collect garbage for sale, as previously mentioned. She said that what she earned from the garbage was in her pocket, and she didn’t have to worry about paying the rental fee at the end of the month like before. When she earned less, she spent less; when she earned much, she spent and s...

Discount is not attractive anymore if there is no improvement

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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.    

Should you loan your house to start a business?

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It’s a question that people who want to start a business always ask themselves. Should or should not? Let’s do a simple test. You want to start a business, which needs one hundred. You go to the bank, and the bank says that your house can make you get two hundred, but you have to pay ten per month to the bank. Then you  will tell yourself that you can do it because you will spend only one hundred to start that business, and you will have one hundred left, which you can use to pay the bank for ten months. In addition, during ten months, you will work hard to earn and save money, and you don’t think you won't make it. If you have such an idea, ninety percent, you will fail. Hence, it is better not to take the risk.

Cleanliness is a key to success too

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There were two people. Both of them owned a building. They made their own building into small rooms for rent. One at a low price and one at a higher price. However, the higher-priced building got more customers than the low-priced one.  The owner of the low-price building wondered, so he went to have a chit-chat with the customers of the high-priced building and took a chance to ask for their opinions. The customers said they chose to rent a room in the high-priced building because it was clean. Not only the room but also the whole building. Starting from the gate, stairs, balcony, and the room. All things in the building were not new or modern but clean and tidy. The same, there was a cloth store. The clothes were beautiful, well designed, and made of good fabric, and the price was acceptable, but there were fewer customers. The owner thought it might be because their product was not a famous brand name, but the fact was the customers didn’t like the physical store. They complaine...