Ronald Su dot Com

Inspiration Monday - When You Are Down, Go Look Around!

Let’s face it. Life is full of ups and downs. Who knows what is going to happen tomorrow. Lots of people have told me to live life to the fullest and enjoy the most out of today and don’t worry about tomorrow. Such statement is very childish but still somewhat meaningful. Of course we have to plan for tomorrow and plan for our goals, but still enjoy our days while doing so. Most hard working people are very focused on their tasks on hand and rarely take breaks. What if reality is letting you down? What if things are not going well for you, both for your life or your business? This week’s inspiration is when you feel frustrated and things are not going well, take a short break and relax in a place that is foreign for you.

Picture of me during the trip to the Rocky Mountain in Banff, Alberta.

Whenever I feel tired and unable to keep up with my tasks, I go travel. It doesn’t have to be far and long. You should do the same. If your time is very limited, just take the weekend off and join a tour. My last trip was to the Rockies in Alberta. The total duration of the trip was about 4 days. The reason why I chose to join a tour instead of driving there myself is because I could meet lots of quality people and listen to their stories. During the trip I met a family from Los Angeles. I had learned a lot from them. You will never know who you will meet and what you will see. You may also meet some people who may know the solution for your problems. Additionally, visiting places that you don’t visit regularly can refresh your mind and let you think clearly. The important benefit for taking a short break to travel, aside from the gain in networking and knowledge, is knowing more about the person/people you go with. Maybe it is your wife/husband, girlfriend/boyfriend, best friend, or family. The experience is money can’t buy.

Trust me, after your break, you will feel freshed and ready to go at it again. You will have your drive back. You will have your visions clear. You will be focused again and solve all your problems.

By the way, David from MoneyNing is getting married in 3 weeks, please click here to congratulate him.

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Tags: banff, business, entertainment, family, getting married, inspiration, inspire, make money, refreshment, rocky mountain, solution, tour, travel, trip, weekend

Business Basics - Starting Up a Business With Focus

It’s time to go back to some business basics. Some of you might forgot the basics of starting up a business. I see a lot of small business these days making a critical mistake by not starting there business right. Do you have a new business idea? Are you going to start a business? If you are, you need to revisit the 4 approaches to tackle your market.

There are 2 groups that your business will belong to: broad or focused. Within each group, your business is either targeting cost or differentiation. So the 4 approaches are: broad and cost minded, broad and differentiation minded, focused and cost minded,  and focused and differentiation minded.

Broad and cost minded - you are entering your market by offering variety and lower prices than your competitors.
Broad and differentiation minded - you are offering variety and your products and services are better than your competitors.

Focused and cost minded - you are entering your market by offering a specific type of product or service, they are priced below your competitors.
Focused and differentiation minded - you are focusing on a specific type of product or service, they are better and different from your competitors.

Think of your blog as a business. Don’t just start your blog without  thinking about these 4 approaches. Most blogs are focused on a specific area of interest, but how will yours stand out from your competitors? Will you charge your advertisers less to get more businesses? Or will you charge your advertisers more because your site offers high quality content and attracts high quality visitors?

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Tags: Basics, blogging, business, competition, ideas, learn, market, startup