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	<title>Tung Nguyen</title>
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		<title>Small buisness is big buisness</title>
		<link>http://tungnguyen.info/2012/04/24/small-buisness-is-big-buisness/</link>
		<comments>http://tungnguyen.info/2012/04/24/small-buisness-is-big-buisness/#comments</comments>
		<pubDate>Tue, 24 Apr 2012 11:49:06 +0000</pubDate>
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				<category><![CDATA[Business & Finance]]></category>
		<category><![CDATA[International Business]]></category>

		<guid isPermaLink="false">http://tungnguyen.info/2012/04/24/small-buisness-is-big-buisness/</guid>
		<description><![CDATA[I had this epiphany today.&#160; I live in a city in southern china where everyone is always pretending to be the head of a factory, a multinational, or massive conglomerate.&#160; Lots of posturing, lots of swag, very little actual company behind the shiny business cards.&#160; I spent the afternoon with this factory owner from Harbin, &#8230; </p><p><a class="more-link block-button" href="http://tungnguyen.info/2012/04/24/small-buisness-is-big-buisness/">Continue reading &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>I had this epiphany today.&nbsp; I live in a city in southern china where everyone is always pretending to be the head of a factory, a multinational, or massive conglomerate.&nbsp; Lots of posturing, lots of swag, very little actual company behind the shiny business cards.&nbsp; I spent the afternoon with this factory owner from Harbin, China.&nbsp; Super cool guy, actually.&nbsp; He was explaining the in&#8217;s and out&#8217;s of his (and his brother&#8217;s) companies.&nbsp; When I realized they were only little enterprises.&nbsp; He has no office, just a smartphone.&nbsp; No warehouse uses a logistics&nbsp;<a target="_blank" target="_blank" href="http://www.bergenlogistics.com" re_target="_blank">pick and pack</a> style company to handle his distribution.&nbsp; No fleet of company cars and private jets. </p>
<p>And he&#8217;s filthy rich.&nbsp; He isn&#8217;t rolling into some high rise in Manhattan, if he was he&#8217;d be significantly less filthy rich.&nbsp; He&#8217;s just adding to a sick pile of money opening a new business every couple years.&nbsp; Lots of people like him over here in china.&nbsp; I think the west could learn a thing or two from the east in this fact.&nbsp; We spend so much money setting up our own little operations.&nbsp; We wanna buy our coffee beans green, roast &#8216;em in our shop, grind &#8216;em in our grinder.&nbsp; Brew the coffee and sell it to our customer while having cut out several middle men.</p>
<p>China (and a fair other eastern countries) have this weird notion of harmony.&nbsp; That when we join with others we form something greater than the sum of our parts.&nbsp; This dude from Harbin taught me quite a bit about the wrong approach I&#8217;d been hammering out on my own business.&nbsp; I wanted my company to be big time.&nbsp; Wanted it so bad that I&#8217;d forgotten what it&#8217;s purpose was in the beginning, namely, to make me money.&nbsp; </p>
<p>Small businesses can make lots of money.&nbsp; Better to have a couple of them, than one big monster that sometimes eats more than it brings you.&nbsp; I&#8217;m going to start looking for ways to narrow the focus of my operation.&nbsp; Make it do one thing.</p>
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