Wednesday, October 1, 2008
30/09/08
End of the month and tomorrow is a public holiday. at least can enjoy a bit more lol. 4 weeks and a half weeks have passed since my last paper, well kind of enjoying this so called holiday. well i done many things and learned a lot in the process. getting to know the art of business. meet customers with different characters good and bad. well there is also the art of making money, strategise everyday's work to maximise profit. the art of convincing people, earn their trust and earn more money. well i should say this month company expenses has already been cleared for the month of october. but we must press on for more money. small business like my dad one will try to survive every month rather than earning money. yes earning money is one, well u can have a lot of profit for this month, and if next month is a bad month you will die. so it's always good to have capital around.
Well the company my dad is working has only been established for 3 years. well it was establish with my uncle's (my dad's brother) capital to set up a company to earn profit. well u see my uncle is a third man party supplying spare parts to oil rigs around this region. so he gets a commission for that. so either he save the money in the bank or invest in business. so he decided to set up the business. well my dad works as the sales as well as the engineering side. he takes care of the sales while the accounts or paper work is done by my aunt.
our monthly revenue, has to be somewhere between 8k to 10k to survive every month, but this three years has been tough. my dad works alone in sales, so he will go to the customers place to find some business. well it is not easy to find business. u must know what to sell, who to sell, when to sell. it is always not easy to set up a company if you don't know what u are selling. but sadly, the first few years, the company was losing money. we were losing money until my uncle told my dad, that it was time to close shop. well he see no point as the money he was investing was going down the drain. so he stopped giving money to the company. my dad, poor thing, he invested lots of time into the company, he alone stayed up the latest earn money for the company and he was told to close shop. but my uncle told him that since the beginning of this year. so my father has been surviving this little bit of money left in the bank until now. this month my uncle is going to transfer the ownership to my dad, and my mom together they are going to run the company, to survive every month. so all the money that we profit, it ours to keep, and all the lost is for us to bear. so this few months especially since the last year, our pockets are tight.
well let me tell you about the dark secret of the company. you see my auntie which does the accounts is also appointed the director of the company, so as a director and the accounts, she can have access to the funds in the company. so all the expenses and when i say all the expenses such as personal were taken into the company's expenses account. means food, leisure is charged under the company accounts. totally crazy if you have limited funds in the company. expenses, such as dinner lunch mrt all under expenses account, personal things like son's mrt top up, personal handphone line, starhub cable television, swensons, batam food all under company's expenses. this is totally bullshit right. every month her personal spendings are even more than her salary.
That's not all. she cannot do things on her own, she needs someone to tell her before she does things. she goes to the office, read newspaper, bowl water, clean her table and boom one hour gone. she sits there read the emails, and do invoices. she leaves whenever she likes like 2 pm or 3pm. she also takes leave whenever she likes. she does stupid things like paying bills twice, submitting driver's particular of my father to the land transport authority for summon's my father did not commit. she punch holes on cheques and do not check whether there is invoices to be done. all this has to be corrected by my father, yes my father alone to do all the ammendments and the correction. totally waste of time and expenses of the company. even a part timer can do better than her. cheque to be issued such as car park season parking has to be paid on time, no we have to wait very long for the cheque. writing a cheque can be how difficult 12 year old can be taught how to write a cheque. it was totally disappointing to see fund flying like that. hard to earn money siphon by my relative. there's nothing can be done to retrieve the money amounting to thousands of dollars. NO JOKE!!! thousands of dollars, in fact can ammount up to 1K a mouth for 2 years on her personal expenses. cool right.
well now the ownership has been transferred to my dad and my mom, we can see it is a family company now. everything from now on involves the family, every one plays a part in the company. from the small things or the sai kang job, to the sales has to be done by my family. this is gonna be great to involve us whole. i cant wait and i hope that my family business will prosper in the years to come and hopefully bloom too.
