Conquer fear Establishing a New Business

Indonesian businessman, Elijah Frangkle W, again in the area of ​​The Bund Shanghai, China. In the elite area on the banks of the Huangpu River, Elijah was about to build a hotel and several apartments. His brothers did not have that support because of the time, in 1998, the hassles of their own economic crisis stabbed Indonesia.

However, the University of Berkeley graduate entrepreneur, the United States, is confident, even in times of crisis, that's where there are opportunities. Elijah was to persuade his father, a great businessman, to raise capital. The father was at first hesitant. Does the child have done the calculations done. However, as a father, he finally touched also by the determination of his son. He poured his own money to Elijah.

The project began. He has dug a hole in it for the prestigious project. however, what was about to say, all the raw material prices soared. Project budget to swell. Need fresh funds, but did not find creditors. It gets funding from a local bank Shanghai, but not big enough because it can only make concrete pillars. The project was stalled.

Elijah is about to record the history of successful business in another country gripped by fear. Existing capital would evaporate. While his father had always advised, any debt must be paid. Debt and debt to family or friends on the bank at any position. "It's called debt, yes, to be paid. Had failed to pay the debt or completely avoid paying debts, completed a career as a businessman, "his father said to Elijah. "I have trouble sleeping and eating," he said in Jakarta recently.

When due, Elijah and his wife sold all the assets possessed to pay the debt to the father and the bank. His father smiled and patted his shoulder. "So if you want to be a businessman. Keep your dignity, do not avoid debt, whatever the reason. "Elijah and his wife just smiled wryly.

Unexpectedly, her father re-lend the money for capital to build apartments and hotels that are under construction. Elijah was quick to react spontaneously. He came to Shanghai to start his project. He is rid of all this misery for four years, during the period 1998-2002, when the project is abandoned.

He was an all-out. The project accelerated without pause. Finally hotels and apartments completed within one and a half years. Apartments are sold out. Hotel occupancy rate was always above 97 percent. The young man is now free to pioneer other property projects. Now he became one of the prominent property players in China. Gratitude was done, not only when the project was completed, but also when the project is abandoned. He felt the trials were part of the Creator's grace because by so doing, he becomes more powerful, more patient, and more mature.

More or less the same experience that other properties experienced players, Budiarsa Sastrawinata. Businessman with a number of large projects in Vietnam, Cambodia, and India is recalled that when starting a project in Hanoi, he had trouble. 1998-2002 economic crisis makes it limping along. However, with determination, he removed all the obstacles so that all projects are completed first.

Budiarsa could only smile when apartment projects, residential, and hotel demand. He was then rushed to develop other projects so that the flag fluttering of the Ciputra Group in Hanoi, Saigon, Phnom Penh, and Kolkata.

Actually, said Budiarsa, no overseas expansion plans. However, in a conversation in the family, sparked the idea. You see, the Ciputra Group has been respected in the country. However, in the era of globalization, where would the fun be a champion? Why not expand the business overseas? The first choice went to Vietnam. The country was being built and the percentage of middle-class people up.

Only, said Budiarsa, need extraordinary courage, creativity, and mental steel to do business abroad. Understandably, it is not easy to master the field is still new.