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Lesson #3: Knowledge is Your Most Important Capital
“Times were really tough in the beginning,” recalls Li Ka-shing. “When I started my business in 1950, I only had HK$50,000, so I was in a tight spot financially. I already had some work experience, but I had an advantage in competing with other companies – I was willing to learn the latest industry trends.”

Other plastics factory Related Articles

Starting From Scratch: The Early Days of Milton Hershey
“A model town, a modern factory, a substantial business, these are the realizations of one businessman’s dreams.” - The Business World, June 1903
Ten Questions With Aziza Mohmmand
What’s the most inspiring story of entrepreneurship that you’ve heard in 2006? My answer does not involve two guys in a garage who sell their company to Google for $1.6 billion. No way...my answer is a woman who runs a soccer-ball factory in Kabul, Afghanistan.
Becoming the Asian Superman: Li’s Business Takes Off
Li’s plastics manufacturing company was officially founded in 1950 and began by making plastic combs and soapboxes. He had borrowed the startup capital he needed from family, friends, and the contacts he had acquired while working as a salesman in the years before, but it still was not a lot. “The first year, as I didn’t have much capital, I did everything myself,” Li recalls, “which kept my overhead low.” From learning about everything from accounting to how to fix the gears of his equipment, Li says he “started from the bottom up.”
Lesson #4: Never Compromise Your Principles in Any Relationship
When Li Ka-shing says “yes” to someone, he means yes; he has entered into a contract and he intends on keeping his promise. In 1956, when he was just beginning in the plastics business, Li received an order for a three to six month production. He calculated a profit of 20 percent and agreed to the deal. Soon after, a large American competitor of Li’s buyer approached him, offering to pay an extra 30 percent profit for the merchandise Li’s original buyer had ordered.

Lesson #2: Success is Built not Born
“I am a woman who came from the cotton fields of the South,” said Walker. “From there I was promoted to the washtub. From there I was promoted to the cook kitchen. And from there I promoted myself into the business of manufacturing hair goods and preparations....I have built my own factory on my own ground.”

Toxic Business: Africa’s Scavenger Entrepreneurs
It’s a common site in most African cities – waste dumping sites where hundreds of scavengers search daily for pieces of scrap metal, plastics and other waste materials to sell for a profit. These scavenger entrepreneurs though are risking their lives in search of money for survival. In these dumps, there are toxic wastes that can be fatal.
Competing with the Retail Giants
Whether you call them power centers, factory outlets, off-price retailers, or mass merchandisers, shoppers perceive that they all deliver roughly the same thing: so-called good merchandise, one-stop shopping convenience, and a chance for customers to save a few bucks. They are popping up all over and their cash registers are ringing.

Eco-Friendly Packaging Materials for Online Retail
The most ubiquitous packaging materials are of course bubble wrap and peanuts. The pros and cons of both are well documented, but the most important thing to know is they are typically made from plastics (as in oil) and are not bio-degradable. With the amount of bubble wrap and peanuts used around the world each day the problem is pretty self evident.

Attention B2B Marketers : Embrace the Future (It ain’t Plastics, it’s Mobile)
In the classic movie, The Graduate, a young man named Benjamin (played by Dustin Hoffman), fresh out of college The Graduatewas approached by a business man, Mr. McGuire. This dialog took place: Mr. McGuire: “Benjamin, I want to say one word to you. Just one word.” Benjamin: “Yes, sir.” Mr. McGuire: “Are you listening?” Benjamin: “Yes, I am.” Mr. McGuire: “Plastics.” Benjamin: “Just how do you mean that, sir?”
Renewing Limited Government: Tenure Limits
Limit the factory of big-government liberalism that the American academic institution has become, and you'll go far toward restoring freedom, prosperity, and strength to America (and to the worldwide economy she leads). And the easiest first step toward a more sane academe would be to limit faculty tenure at all schools, colleges, and universities....
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