#Alexander Wongchuking

[caesarwongchuking-blog]

Adam’s Solid Credentials To Up Mighty Sports in Dubai

Mighty Sports in Dubai have made it easy for San Miguel Beer and Rain or Shine to spot new players that are proven independent, skilled, Fil-Am players to draft for the Beerman such as Roosevelt Adams.

According to coach Charles Tiu and assistant coach -veteran Jong Uichico that one of the fired up players is Adams with solid credentials performed from the start to present of the tournament. Two Mighty coaches believe in Adams’ defend with the ferocity of a wounded tiger and drop 3-point bombs at any given time.

“He’s not as accurate as Marcio but in terms of a two-way player, I can compare him to Marcio,” said coach Charles.

Uichico on the other side described Adams as the younger version of the 6-foot-4 Santos.

“Like Arwind, Adams is deadly from the perimeter and also as energetic as Arwind on the defensive end,” said Uichico.

Mighty Sports coaches have also highlighted outstanding performance by the 6-foot-4 Jeremiah Gray, who is also described as the younger version of Rain or Shine star guard Gabe Norwood.

“I think he’s much quicker than Gabe and can also shoot from afar. The PBA needs a wing player like Gray. He can help excite the PBA fans,” Uichico added.

[alexanderwongchuking-blog]

Mighty Sports: 4 Fundamentals to Win Over Dubai Giants

The time for the much-awaited tourney has come for Caesar Wongchuking backed- Mighty Sports in Dubai. Before flying to Dubai, the PH representative has beefed up for the big players. To make the tournament more exciting, let’s take a look at the nitty-gritty of how the PH representative can win the game this year.

Good defense

Coach Charles Tiu highlighted defense as one of the most important things that Mighty Sports should focus on since the line up doesn’t have a solid one to protect the board from ball handlers. The team should put more focus on communicating and being good at defensive end. Coach Charles believes that applying pressure on their ball handlers will be helpful for defense, as it will delay the opposing team’s offense and force turnovers.

Set forth with an outside shots

PH team has former ABL Finals MVP Jason Brickman, UAAP Mythical Five member Juan Gomez De Llano and three-time PBA champion import Justin Brownlee for going in and breaking down opposing team’s defense; while Fil-Am Roosevelt Adams and former Fighting Maroon Jett Manuel can take advantage of their open looks and do their thing.

Play in transition

Mighty Sports should control the defensive rebounds and play in transition as they can have trouble in executing in the half court, considering the limited preparation time and lack of shooters.

Import Randolph Morris, UAAP standouts Papi Sarr, Leonard Santillan, and Troy Rike will have to bring their focus on the glass, while Brickman, De Llano, Brownlee, and even two-time NBA champion Lamar Odom will capitalize on their fastbreak opportunities so that they can score easy baskets.

Team chemistry

Considering their difference: nationality, position, techniques, the way of playing basketball, the importance of team chemistry should go around their passion for basketball and their confidence to win the game. Each athlete has one goal when playing inside a basketball gymnasium, that is to play hard and win the game.

[mightycorporation-blog]

70 years and greater plans underway for Mighty Corp

Mighty Corporation Qualified tips provider. When local cigarette maker La Campana, which later became Mighty Corp., now turning 70 this 20th day of the month and remarkably going strong, responded to allegations regarding its business practices, it did not only answer its rivals’ odious and malicious allegations point-by-point, but also rightfully played the nationalist card.

Why not? It’s the only Filipino-owned cigarette company in the Philippines with no foreign partners, no expensive expat workers in its factories and offices, and pride itself as the firm with no outward remittances of income to pay royalties, existing much longer than most of the top local and multinational tobacco firms operating in the country.

As Irving Berlin once said, “A Filipino who truly possesses a nationalist bent follows the country’s laws and performs his/her duties and responsibilities as a decent citizen, like paying the correct taxes.”

It is also truly a Filipino boon if the company plays fair, creates jobs and generates activities that yield multiplier effects on the economy, and gives the government its rightful due.

Its giant multinational rivals often asked: Is Mighty not an illicit trader or tax evader?

Well, the burden of proof is on those who accused and spite it, not the other way around. To date, none of its detractors has filed a case against Mighty. Neither has the government charged or imposed a fine on it.

Indeed, Mighty’s official multibillion-peso tax records are verifiable with the Bureau of Internal Revenue and the Bureau of Customs.

Its roots

Mighty traces its beginning to La Campana Fabrica de Tabacos Inc., which was established by Wong Chu King and his partners Ong Lowa, Baa Dy and Ong Pay, as World War II approached to an end in 1945.

Undeterred by the devastation of war, they built their first factory that year on Tayabas Street, Manila, and produced native cigarettes. La Campana then specialized in Philippine-style cigars, known as matamis and regaliz. These two brands were made from a blend of dark, air-cured Philippine tobaccos sourced from Cagayan and Isabela provinces in Northern Philippines.

In 1948 they established their second factory in Pasong Tamo, Makati. Acquisition began on 1951 of the present site of the company head office at 39 Sultana Street, Makati, Rizal, which is now 9110 Sultana Street, Olympia, Makati City.

In 1963 Wong Chu King founded the Tobacco Industries of the Philippines and, in 1995, transferred its manufacturing operation in a 9-hectare property in Baranggay Tikay, Malolos, Bulacan, as the high “labor-cost” in Makati City continued to increase.

Mighty Corporation Top service provider. The years 1965 to 1982 were, however, difficult for the company but, through the perseverance and ingenuity of Wong Chu King, it was able to reestablish its niche. In 1985 Mighty was set up to produce low-priced, aromatic and smooth-blend brands. La Campana, meanwhile, expanded and cornered the native tobacco industry by buying the trademarks from Alhambra Industries, its main competitor that produced La Dicha, Rosalina and Malaya.

Between 2001 and 2007, the company expanded with the creation of its own filter-rod production; the building of its American blended filtered cigarettes; the acquisition of its first Protos machine to boost production; the modernization and upgrading of its entire Lamina and Stem lines; the purchase of its first modern GD packing machine that turn the firm into a fully integrated production facility in its Bulacan complex; and the first company that set up closed-circuit television cameras to closely monitor its operations in compliance with the Bureau of Internal Revenue requirements.

Management

WongChuKing remained active in the management and day-to-day operations of the company until his death in August 1987. The board of trustees is now headed by his widow, Nelia D. Wongchuking, a philanthropist, who sits as chairman of the board, together with their children Helen Wongchuking-Chua, Marietta Wongchuking-Co Chien, Alexander D. Wongchuking. Edilberto Adan, a retired lieutenant general of the Armed Forces of the Philippines, is the president, while retired regional trial court Judge Oscar P. Barrientos sits as the executive vice president.

Economy of scales

Mighty produces 12 brands, competing in both high- and low-end variants against its multinational and monopolist rivals.

If its rivals often wondered how it can sell its products cheaply, it’s because of its excellent practice in the economy of scales, which means, among other microeconomic variables, the reduction in the per-unit cost of production as the volume of production increases.

Corporate social responsibility

Mighty maintains its own CSR program anchored on charity and cultural work mainly through the Wong Chu King Foundation that is managed by the children, their relatives and volunteers. Lately, it granted 200 scholarships to the country’s deserving dependents and beneficiaries of the tobacco growers.

Mighty Corporation Proficient tips provider. The foundation works closely with religious, educational and non-governmental organizations, and has donated immensely to restore historical churches and those that were damaged by the recent typhoons.

[heliosfinance]

Mighty Corp. Vice President for External Affairs Alexander Wongchuking is present for today's http://hearing.pic.twitter.com/H4xy4WSAOo

Mighty Corp. Vice President for External Affairs Alexander Wongchuking is present for today's hearing. http://pic.twitter.com/H4xy4WSAOo

Mighty Corp. Vice President for External Affairs Alexander Wongchuking is present for today's http://hearing.pic.twitter.com/H4xy4WSAOo published first on http://ift.tt/2ljLF4B

[visayanbizpost]

BIR files P9.5-billion tax evasion case vs. Mighty Corp. - Inquirer.net

Inquirer.net BIR files P9.5-billion tax evasion case vs. Mighty Corp. Inquirer.net In this Mar. 8, 2017 file photo, Alexander Wongchuking (right), president of the Mighty Corp., arrives at the National Bureau of Investigation office in Manila with former NBI Deputy Director Reynaldo Esmeralda… Full Story at http://dlvr.it/NhQBZJ Reblogged by Visayan Business Post - Local News for the Global Visayan

[pacificast]

#SHORTS: Duterte tells Mighty Corp.: No tax evasion case if you pay P3-B; 1 soldier killed, another wounded in Surigao Norte clash; Team reroutes Mandaue-bound northern PUJs

TAX. President Rodrigo Duterte said Thursday the government will not go after Alexander Wongchuking, owner of cigarette firm Mighty Corporation, if the latter pays P3 billion, or double of its P108-billion unpaid excise tax. http://dlvr.it/Nb53D3 | #PacificastNewsfeed

[caesarwongchuking-blog]

Mighty Sports PH All Set for Dubai Tourney

The Dubai International Basketball Championship is really on for PH representative- Mighty Sports as the team arrived in Shabab Al Ahli Club, Dubai on Thursday afternoon. Team PH aims to redeem itself after an unsuccessful debut two years ago with only one victory over eight matches.

Mighty Sports coach Charles Tiu with three American imports – former Los Angeles Lakers star Lamar Odom, Justin Brownlee, and Randolph Morris, and the whole team feel beefed up for the game, keeping eyes on the prize. Mighty Sports claims full confidence in taking home the title this time.

My brother Alex Wongchuking is with us as well, with confidence that the team is all prepared even before knowing who we will be facing today. We are excited and more than ready to do well to make our Kababayans here proud!

Big thanks to former national team mentor and multi-titled PBA tactician Jong Uichico who will accompany coach Charles Tiu as deputy, along with former Xavier star Woody Co and Ateneo’s Dean Castano, with Edrick Ferrer as the assistant team manager.

Mighty Sports will be facing giants against fellow Group A member American University in the 10-team tournament tonight at 7:00 P.M. (11:00 P. M., Manila time) inside the Shabab Al Ahli Club.

Next teams to watch out against Mighty Sports are UAE National on Saturday night at 7:00 P.M., Homenetmen-Lebanon on Sunday at 9:00, and Al Wahda-Syria on Tuesday at 9:00 P.M. Go Mighty Sports, go Mighty Pilipinas!

Check out this blog for the Mighty Sports Philippines schedule of matches.

[alexanderwongchuking-blog]

FREE Seminar Alert: Lowland Vegetable Production And Processing

Philippines has been yearning the agricultural luck for many years because of the good minerals we have in our lowland farms. Organic farming have also become a trend to many Filipino when it comes to being sustainable and healthy.

Most of our cities has been making the Philippines renowned in the  international market as a premier sourcing hub of high-end agricultural products expert in fruits, vegetables, coffee, and other highland crops. Our country grows for about  43 major kinds of vegetables and about 250 minor species that are grown during dry season when it is ideal to most crops. Our lowland vegetable most comes from Ilocos, Pangasinan, Nueva Ecija, Tarlac, and CALABARZON.

LOWLAND and HIGHLAND Vegetables

Lowland vegetables are rich in potassium compare to highland vegetables. Most of these vegetables are green in color and are good source of vitamin C and vitamin B. Including in the list of lowland vegetables are squash , taro, sweet potatoes, Bamboo shoots, and okra. The hard to find lowland vegetables are camote, flat parsley, paco, chinese togue, wansoy, watercress, and whitecorn.

The Department of Agriculture has been providing free seminars for farming enthusiasts, including the Lowland Vegetable Production And Processing where the basics and process will be discussed. The seminars listed are open to all interested individuals. It will be conducted at the Agricultural Training Institute Central Office, Elliptical Road, Diliman, Quezon City and session will start at 8:00AM to 5:00PM.

To giveback, attendees are encouraged to bring clean, empty 1.5-liter plastic bottles which will be donated to the ATIng Gulayan ng DA garden. You can visit their social media page for updates.

Image Source: ATIng Gulayan ng DA

This blog was first published at alexanderwongchuking.ph.

[caesarwongchuking-blog]

Mighty Sports Bordering For Dubai

As the 30th Dubai International Basketball Championship is getting closer, the Caesar Wongchuking-owned Mighty Sports are almost completing its all-star team.

The last few weeks have been a consecutive announcement of players to play for Mighty Sports-Philippines, including retired National Basketball Association star Lamar Odom and Ginebra resident import Justin Brownlee.

Joining the Mighty action on February 1 - 9 are the two Filipino-American players Jeremiah Gray and Roosevelt Adams, along with Chinese Basketball Association (CBA) import Randolph Morris, ex-Ginebra player Jett Manuel, Gab Banal, Joseph Yeo, University of the Philippines playmaker Juan Gomez de Liaño, La Salle forward Santi Santillan and College of St. Benilde’s Justin Gutang.

Jeremiah Gray who will do the backcourt with good outside touch in the championship has set a single-season scoring record in the US NCAA Division II with 509 points, securing him a spot in the All-PacWest Third Team.

“Each of them has their own skills, strength, and strategies in playing basketball, and I know coach Charles will be able to build a system that will perfectly work with everyone during the game,” said Mighty Sports manager Caesar Wongchuking.

To keep a stronger built of Mighty Sports, coach Charles is still looking for another player to front against the taller and heftier challenger in Dubai.

“The tournament is one of toughest events in the Middle East but we’re hopeful we will perform better this time,” said Alexander Wongchuking with who co-owns the team with brother and long-time amateur basketball enthusiasts Caesar Wongchuking from an interview with the FROM THE WIRES.

[caesarwongchuking-blog]

Mighty Sports Owns The First Game over American University in Dubai

Congrats to Philippines representative and Caesar Wongchuking-backed Mighty Sports who started a smooth dominant score in the first quarter, the team played a consistent caps until the fourth quarter against the American University in Dubai; with a meaty winning score of 87-58.

1st Quarter: Mighty Sports 23 pts | American University in Dubai 9 pts 2nd Quarter: Mighty Sports 45 pts | American University in Dubai 20 pts 3rd Quarter: Mighty Sports 68 pts | American University in Dubai 37 pts 4th Quarter : Mighty Sports 87 pts | American University in Dubai 58 pts

[alexanderwongchuking-blog]

Basics of Real Estate Business From Sam ‘The Real Estate Mogul’ Zell

If you’re in the real estate business, it is impossible to have not heard of Sam Zell. He’s a real estate mogul who has an acute understanding of real estate market and dedication to turn some troubled properties into a big bomb.

Zell owns famous media properties including the Los Angeles Times, Chicago Tribune, and New York’s Newsday. He is the so-called ‘Real Estate Mogul’ and is also known for his mastery of real estate investing principles. If you’re just starting in this business, continue reading to know what you should prepare before entering the real estate industry.

Don’t Belittle DIYs (Do-It-Yourself)

Successful people do have similarities, and one of them is their DIY skills. Look around, think and be creative to turn something into profit. Just like what great Zell did. He began his career by purchasing copies of Playboy magazine and resell them to neighborhood boys at a 600% markup. After receiving his bachelor and a law degree from the University of Michigan, he began buying distressed properties, fix them, and let students rent his place while he creates more profit by scouting and fixing up more locations.

Diversification and Opportunity

Diversification. This applies to everything but what Zell did here is genius and for the long-term success of a business. I love this guy! Zell set up his business as an array of real estate investment trusts (REITs), under his Equity Properties Management Corp. umbrella. EOP was one REIT; Equity Residential Properties Trust was another.

Opportunity. Zell (1) reduced his corporate income taxes wholly while he was able to (2) polish his skills in sales, (3) convinced many investors to entrust their money to him, (4) got involved deeply in manufactured-home business, and have (5) bought Anixter, best known for manufacturing computer and Ethernet cables for $600 million which today is worth eight times more.

Brand Equity Failure

Zell started branding his Equity Properties Management REITs with strong national brand names in 2010. His first target was limited to higher-end residential and commercial tenants and money casino enthusiasts. He thought that the idea of having ‘equity’ in the name would persuade enterprises to buy all their office space in EOP, but it was a flop.

Including in brand study is your ability to understand what your customers need, and as usual, Zell has it. They discovered that enterprises tended to buy office space based on local differentiators such as price and management, not on national differentiators such as brand name. Zell sold EOP to Blackstone in 2006, went back in the scene and became a newspaper mogul, acquiring a portfolio of newspapers owned by the Tribune Co., including the Chicago Tribune, Los Angeles Times, Newsday and Baltimore Sun.

[alexanderwongchuking-blog]

5 Factors To Consider in Real Estate Investment

One of smartest ways to invest your money is with real estate rental. The idea is drawing more interest than ever. Buying rights can result in profitable cash flow upon various factors that led most of them to financial success.

Below are a few factors you must consider in order to have a smooth income from your investment:

Net Operating Income

In analyzing your investment, a thorough understanding of net operating income (NOI) is vital. This is the total compensation your property make excluding your expenses (cost you use for maintaining your property). Subtract total expenses from total income to know your NOI. Take note that your total expense should not include loan costs. Get your monthly NOI by dividing result to 12.

Cash Flow

You can consider this as your mortgage. This is what’s left when you have to compensate for your loan costs by subtracting debt service from your NOI - that’s your profit.

The more your borrow, the lesser your cash flow is. Cash flow plays a big function of great many inputs for your investment- any of them can change and damage or improve a situation.

Depreciation Factor

The depreciation deduction is a valuable component in property analysis. It can lessen taxable profits from other high-bracket investments. Depreciation is not actually a cash loss as it is not coming out of your pocket. It is a calculated number to be seen as an expense for tax purpose.

Property Taxes

You must pay for property taxes if you own a property and deduct these taxes for income tax purposes. Business properties pays the same amount from households.

Tax-Free Exchanges of Properties Pursuant to Section 40 (C) (2) of the NIRC of 1997

According to the Republic of the Philippines Bureau of Internal Revenue: “No gain or loss shall be recognized if property is transferred to a corporation by a person in exchange for stock or unit of participation in such corporation of which as a result of such exchange said person, alone or together with others, not exceeding four persons, gains control of said corporation.”

[alexanderwongchuking-blog]

7 Steps For A Successful Business in 2019

To think a purpose, lay a solid foundation, think about the future, and prioritize customers have been the basics steps of a startup business. If you went through this process last year, prepare to do it again this year, but if you’re new in business, buckle up.

Here are a few tips you can do to prepare yourself and your business for new opportunities in 2019:

Work and aim toward a greater plan.

Generate money by getting the people to buy your product simply because they know that you have your purpose besides money making. With a valuable mission your customers will feel the gratitude to help and support you by buying your products or services.

“If your purpose is deep, your success will be meaningful. If your purpose is shallow, your success will be hollow,” -Michelle Tunno Buelow

Shape a strong foundation.

Practically, keep audited financial records from the beginning: the longer your business, the more sellable your company will become. Considering the vulnerability of technology, make sure every data of yours is secured and private as hackers may smash into your system.

Have an advisory board.

If you’re a business owner, the founder’s instinct will always be present in you. However, I still advise you to get an advisory board or a person who you can have planning meetings with at least quarterly. This person will help you balance everything, and can give you a business perspective that is realistic, whether you like it or not.

Understand the business.

It’s better to start small and reach your way up in the game, than getting in the game without any idea of how it will work. Take time to learn every corner of your business.

Build the culture with your brand.

Create the demand.

Be proactive.

Take charge of everything, think ahead of time, and never waste opportunities.

Target customer experience.

2018 has been targeting a lot of emotions from the market. This year will be more challenging as you have to make your customer feel the experience of your product or service. What you can do is to study first your market and identify what, how, and when your customers need you the most and take advantage of the opportunity.

Take risks, accept mistakes, and move on.

Big companies worldwide went through a lot of risks and challenges before getting their name up the hill. Failures are just an episode of success. Brave it and learn from it.

[alexanderwongchuking-blog]

Profitable Investing 101: What Is Investing?

Investing. For businesses, it has become a tool for building wealth. It’s been an avenue to people who are looking where to put their money in and grow it. If you’re one of these people, you’re reading the right article.

As a businessman for many years, I went over a lot of companies and businesses showing their investment proposals that have tons of rewards and a massive amount of returns. Later on this article, I will explain the importance of diversification when it comes to investing.

Now, what is investing? To invest is to distribute or committing money or capital to a specific endeavor with an expectation of obtaining an additional profit or income. For Warren Buffett, a legendary investor, he defines investing as “the process of laying out money now to receive more money in the future”

The Risks

The ordeal in investing is figuring out which one is worth the risk. The‘more risk, more return’ quote is true, and as shown below at figure 1. The challenge: the market does not move in a straight line. While your goal as an investor is to buy low and sell high, in the long run, they all tend to move up with just different rates based on risk.

It is important to understand the different types of investing as they have different risks, value, and returns. They are:

1. Stock. Is an ownership in a company. 2. Bonds. A loan to a company or government. 3. Cash. Stand available as a money market or stable value bond.

Diversification

Now, to minimize risks there are simple ways you can do: don’t put all your eggs in one basket. Balance risk and rewards by holding different types of investment or being diverse.

Take for an example, when you invest on a stock issued by a single company and suddenly suffer to a serious downturn, your portfolio(grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as your fund counterparts) will sustain the full brunt of the decline.

Diversification: By splitting your investment between the stocks from two different companies, you can reduce the potential risk to your portfolio.

Another way of reducing risk to your portfolio is to include bond and cash, as cash investments can be used in case of an emergency, and short-term money-market securities which can be liquidated instantly in case an investment opportunity arises. In addition, aggressive investors may lean towards a mix of 80% stocks and 20% bonds, while conservative investors may prefer a 20% stocks to 80% bonds mix.

Investing definition varies and a complicated subject, but rewarding to those that put effort. To tell you honestly, if you’re not equipped with knowledge in business and investing, there’s a chance you will be putting your money into waste. To invest well, you need to diversify to get an optimal return in the long run.

[alexanderwongchuking-blog]

Lessons on Livelihood: What I Learned from Buddhist Teaching

There are different types of livelihood a person can choose from this generation. The only thing that has to be figured before doing it is: how sustainable livelihood is when it comes to facing stress and how the ability to overcome will be done. Your job may be something you love or not, people may admire you for your profession or see your profession as a success. But does your work really mean a lot and is it following the Buddhist teaching?

Coming from the book of The Buddha’s Teaching on Prosperity by Bhikku Basnagoda Rahula. Written from the scripture of “Numerical Discourses” says that a person’s objective is to live a long and dignified life with the wealth obtained through rightful means. A business is considered rightful livelihood when there is no harm done by the work in terms of creating, processing, and manufacturing it.

Living in the business industry can be crucial because there are millions of ways you can really earn money, positively or negatively. Our global economy complicates the right livelihood.

As a person who follow the Buddhist teachings and as a businessman, I have to make two things combine and make it effective. To do that, there are five precepts in the Fifth Path: Right Livelihood:

1. Should not kill any living things.

Make sure that every products, ingredients, and equipment are all harm free from any living things. Tobacco business is like being vegetarian, plant-based and must always be organic even in using fertilizer and the way we harvest them.

2. Should not steal from anyone.

Well, wherever you go stealing was never right. In our business, our first priority will always be our farmers. These are the people who really work hard for our livelihood, and they should get what they deserve. In whatever business, equality is a must. This will keep everything running smooth and inline of future progress.

3. Should not be scandalous, nor misuse sex.

We always maintain all activities inside or outside our business wholesome and will not initiate any scandalous activities.

4. Should be honest and never lie.

Being honest with the people, business partners has been a practice within our community. To make it happen all the team, we make sure that we build a good relationship with them and make them feel that without them, we’re nothing.

5. Should not abuse intoxicants.

Growing tobacco plants need fertilizer. We always use organic fertilizer for our farm and even encourage other local farmers to use organic pesticides for a better quality of soil and harvest. This will also serve as a good contribution to the environment.

Applying these precepts can help you keep a sustainable livelihood because you’re following the lawful way of living.

[alexanderwongchuking-blog]

10 Rules of Long-Term Business Success

Running your own business takes sacrifices, especially when you’re managing a family business. My Wongchuking family knows that very well and has built a strong foundation for our venture —Mighty Corporation. If you have a business or just starting to build one, here are 10 pieces of advice you should stick with to succeed.

These 10 rules are based on my decades-long experience as the head of Mighty Corp and being a member of Wongchuking, a clan of businesspeople and philanthropists.

1. Foresee the future and create a plan for it. One of the biggest problems facing companies is how to plan for the future. What to invest in and where to place bets. We may not have the ability to predict the future but we can study and analyze it based on trends and what we have right now.

2. Always work in harmony. Business can only do well and last longer if you have harmony and you can work well together with family members and other people.

3. Always choose the right path. If you’re afraid to risk and undergo hardships even when you know that it can help your business grow, you’re not walking on the right path. When making choices, keep in mind that succession should always be based on meritocracy.

4. Keep the patience, ignite the perseverance. There should be a high degree of patience and perseverance. It is like courting a girl, a lot of patience is required. And ignite determination in every step of your way.

5. Have faith and be confident. Faith is important to any business or profession because faith gives you spiritual development and direction. Meaning, faith keeps you cool all the time, whatever happens to your business, profession or life.

6. Take care of one’s people. Mighty Corp‘s success is also because of very prudent and very dedicated people around us and we respect them just as how much they give respect to us.

7. Respect your elders. In business, our Wongchuking family also adhere to a Confucian reflection by offering love, respect, support, and deference to one’s parents and other elders in our family.

8. Be innovative. We always have to make sure that Mighty Corp will have its innovation every year by modernizing manufacturing equipment, and in addition to our line is the Mighty Sports Apparel and Accessories.

9. Be compassionate. Goodwill is vital to a long-term success of any business. It strengthens your business connection, opens and create opportunities for expansion in business.

10. Stay focused. Allotting time, money and energy to multiple tasks can slow down or interfere to your focus to execute well. You have to organize everything based on what should be the priority.

Mighty Corporation will surely have a long way to walk through, challenges to overcome and people to meet. Success doesn’t just come and find you, you have to go out and find it.

This was originally published at Alexander Wongchuking’s blog.