Hello and Welcome to TycoonMag.com!
TycoonMag.com is a blog-azine for entrepreneurs and wantrepreneurs.
We cover topics that will help you become not only a successful entrepreneur but hopefully, help you live a richer, longer and more fulfilled life by helping you develop your business and personal finance skills as well as by guiding you through the hoops of your personal development journey and longevity.
To be an effective entrepreneur, you need to work on becoming a better version of yourself through personal development.
To become richer, you need to learn how money works, how to differentiate assets and liabilities and how to make money work for you.
And of course, to get started on your entrepreneurial journey, you need to learn and understand how to start and run your own business which is covered in our entrepreneurial articles and blog posts.
Our goal is to help you develop into becoming a well-rounded tycoon!
So, if this the first time that you’ve encountered the word “tycoon”, here’s what a tycoon is:
“A tycoon is a wealthy, powerful person in business or industry. “
A tycoon can also be defined by words such as “Magnate”, “Mogul”, “Baron”, or a “Merchant Prince”.
If you’re a lady and you start to think, “wait a minute, this blog is only tailored for men”. WAIT! and just don’t click on that “x” button just as yet because TycoonMag caters to both men and women who are entrepreneurs and those who are hungry for success.
What TycoonMag Isn’t About
Having mentioned the word “success”, keep in mind that TycoonMag isn’t about Get Rich Quick schemes.
TycoonMag is business, without the hype!
I have been in the financial services business in the last six years and one of the best things that I’ve learned about building and running your own business full time is that it takes work to build a business and that there is no elevator to success.
It takes work, and it takes time. Persistence will help you win the race!
The Tycoon Behind the Mag
So, who am I and what makes me qualified to publish a blog on entrepreneurship and personal finance?
My name is Ramon Desiderio. I know, you may find it difficult to pronounce or remember, not unless if you’re hailing from an Asian or Hispanic background.
I was born and raised in the Philippines and made Canada my home since 2011.
My entrepreneurial passion roots from my grandfather who was a successful entrepreneur – a tycoon.
However, please don’t think that I’m a member of the “lucky sperm club” and how I wish I was but the truth of the matter is, I’m not!
My parents split up when I was young and I was raised by a single parent who didn’t have the know-how when it comes to entrepreneurship.
I also didn’t get any child support from my dad.
All I heard about my granddad where tales and praises from people he once helped and these stories inspired me at such a young age that someday, I can achieve the things he achieved in business.
There’s only one problem, my mom raised me to become an employee.
So, she made me study accountancy in university hoping that I can become a CPA.
Two years into the course, I’ve decided to switch into a business management course because I wanted to learn how to manage a business but that meant that letting go of course credits that I’ve already passed.
Instead, I switched to Management Accounting; this meant that I could keep my credits and get more management exposure.
Or so, I thought…
The Management Accounting course that I switched to; however, was en route to the CMA (Certified Management Accountant) designation which was never offered in the Philippines up to this date.
My First Business Venture
I started buying and selling chips and snacks in my second year in high school. Back then, the second year students’ rooms were housed in the school gym that was being constructed which is far from the school canteens.
So my classmates have to walk a couple of minutes down to buy their snacks at recess time which was only fifteen minutes so instead of them wasting a couple of minutes of walking to and from; what if they can buy their food from within the classroom?
This was my first business venture! I started selling snacks in our classroom for the short break.
On weekends, I would buy my inventory wholesale and sell them retail during the weekdays.
Young entrepreneurs back then weren’t hailed and it wasn’t cool selling stuff to your classmates. A lot of kids would consider it embarrassing, you were kinda looked down as “poor”, having to sell stuff to other kids but I didn’t mind because, at the end of the day, I was the one making the profits!
Just A Wantrepreneur
Back then, I was just a wantrepreneur and it wasn’t even a word at the time.
When puberty hit and the need to look cool got the best out of my sales acumen, I completely stopped selling things to my classmates when I’ve started studying in University but the entrepreneurial itch never once left my bloodstream.
I’ve always wanted to become an entrepreneur, I remember joining network marketing opportunities during my university years but peddling the same to broke college students didn’t pan out too well.
Yet I kept dreaming of someday becoming a successful businessman, a tycoon but my mom kept telling me that it’s impossible to start a business with no capital and that only those who already have the capital can start successful businesses.
She never believed in rags to riches stories and thought that starting a business is risky whereas a job is “safe and secure”.
I kept dreaming but I started what everyone else was doing when I finally graduated from the university… which was work for a fixed income job.
But I was choosy, in a place where private companies pay their employees below the minimum wage; I chose to work for the government where the pay is well above what everyone in the private sector are paid.
Whenever I applied for a job, I often find myself observing the employees’ condition and see if I wanted to be in the same shoes as they are.
If the answer is no, then I ditch that job even though they were offering me a position after the screening.
I just always believed that if I work for a company or an organization, I will end up in the same economic condition as their current employees.
Leaving My Native Land Behind
In 2011, I moved to Canada to join my wife and build a family of our own.
I never wanted to leave the Philippines as I was the patriotic type and as opposed to most migrants who were excited to move to another country; I was saddened by the fact that I was leaving my country.
It felt like I was turning my back on my home and native land but after a few years of living in Canada, we can say that we’ve made the right decision of settling our family here.
Immigrating and trying to settle in a new country isn’t at all a bed of roses, the first few years was tough, specially because Canada has a different educational system than that of the Philippines.
This meant that professionals coming from the Philippines have to work menial jobs just to survive.
I wish I could tell you that I’ve started a business right away the moment I landed on Canada but that would be a blatant lie.
I didn’t come to Canada with money; I had to work a regular nine-to-five job… just like most immigrants.
We have to work at jobs we’ve never worked before which is a humbling experience.
Getting Laid off
I’ve worked at about 5 jobs my first year in Canada, then I got laid off; unprepared, I’ve lost my job with a day’s notice.
There’s no security of tenure in Canada; if there’s work shortage or if a company shuts down a department, you’re out of luck!
Most people would just go out to find yet another job after each lay off but my question was: If you keep working at a job throughout your productive years, how many lay offs would you have to endure.
I decided to find myself a job that doesn’t lay-off.
Self-employment was the only option available to me at the time.
Starting A Business In Canada
When I moved to Canada, people we knew who are from here told me to leave all my corporate clothing (suites and ties) behind for I won’t be using them but I found myself having to dress up again, professionally to build a business.
I was literally starting a business with no money. What I knew was that I was no longer willing to get back to a nine-to-five job.
I had no monetary capital. I only had guts, motivation and the fear of getting back to a nine-to-five job.
I’ve burned the boat!
I first tried to start an online marketing consulting business which didn’t pan out so well for me.
Not because I didn’t have the skill but because I didn’t know how to charge for the service.
My main skill and service was SEO (search engine optimization) which I learned from Sitesell when I first dabbled in online marketing back in 2009 where I built the Coolest Vampire Art Gallery which was a niche site for vampiric and gothic artwork.
Starting a business in a new country when you’re new to the country was harder than I thought – especially when you didn’t have the capital.
I did manage to land some clients during the course of my first venture but my revenue was far from being able to support my family.
After a year or so of trying to make it as an online marketing consultant, I was introduced to the financial services industry, specifically, insurance and investment advisory.
I was hesitant at first because a financial services business means that you have to sell insurance and investment products to your prospects and as an introvert, I know that I was not very good at it but I was willing to do whatever it takes to refrain from getting back to working a 9 to 5 job ever again.
Not that there’s something wrong with a 9 to 5 job as some people are faring pretty well with it but by that time, I realized that it isn’t just for me.
That was 2013…
As of this writing, I have been in business for a good 6 years and I never looked back.
Just like any other businesses, a financial services business does come with its own ups and downs. If someone tells you otherwise, stay away from them as they are trying to sell you a get rich quick scheme.
2019 marks my sixth year of full time self-employment.
No, I’m not yet a millionaire but I earn enough so as not work at a nine to five job to support my family.
TycoonMag.com is a personal finance and entrepreneurial blog.
It’s a culmination of business lessons that I’ve learned and are still learning along the way.
It’s a an archive of personal finance and insurance advice that I give my clients.
It’s a platform that will allow me to speak to anyone, anywhere in the world and share the same value that I share with my clients when meeting with them one on one.
Thank you for taking the time to read this rather lengthy about us page, aka my life story in 2,000 words 🙂
I wish you freedom from the nine to five grind, peace, health and happiness!