Stifled Confidence

“Mom, I really want to pursue a Bachelor’s Degree in Music”, I said as I handed her the letter from the Dean of the University of the Philippines’ (U.P.) conservatory of music. “There is really no money in music” was her quick reply.I was quite saddened by this pronouncement of my mom. Who would not be? When many years back during my elementary years, from between seven to twelve years old, every summer would we sternly pushed to have keyboard lessons from our cousin. “Go to your uncle’s house that you may have organ lessons”. Organ was an electric keyboard used in church music accompaniment at that time. “Your cousin, your uncle’s daughter who plays the organ will teach you”. My uncle’s family, the younger brother of my mother had all his children play in his family music band. It was my uncle’s passion to have all their children take part of it as it was quite a great pride that time to have the entire family play in a music band. My uncle must have been inspired by the story of the Von Trapp family singers popularized by the famous Oscar-winning movie, “The Sound of Music”. Besides, my uncle run a restaurant located beside the Cagayan de Oro river with entertainment where their family band would play the famous “Hotel California” by the world renowned rock band, the Eagles, among many others. Oh, how I longed to perform like my cousins who sung great songs of world renowned performers.I was at a dead end. I did not know what to pursue anymore. The very thing that I wanted to do was being discouraged for me. Earlier, before I presented that letter to my mother, I was thinking of the contents of the letter from the Dean of U.P. In that letter, I was given four complicated piano pieces for audition requirements and I had presented it to my piano teacher at that time, and she said, “Well, Julius, we will work on these music pieces.” There was Bach’s, Beethoven’s, Mozart’s and Lizt’s. I was very excited about it and to hear my own mother discouraging me this time was really one great blow. I did not have any idea that time that it had such a great negative effect in my life for such a great length of time. All I felt was devastation inside of me. I felt that everything I wanted for my life was not going to happen. I was already eighteen or nineteen. I was left with no other choice but to pursue my second option out of submission because my mom did not want me to pursue music. I believe that explains why it took me seven years to finish that four year degree course – B.S. Psychology. Was I to blame? After all, it was not really my choice.I envied other young lads that time because they get the support from their parents about what career they wanted to pursue. I did not know for what exact reason my mother had to discourage me in my pursuit for music. It was not, for sure, for the wrong notion that music is only for girls because great musicians were all men – Beethoven, Mozart, Bach, etc. And besides, my musician cousins were mixed with males and females. I could not understand it at that time which was why I felt resentments towards her then. But later, I began to understand that it was because of financial reasons.We are eleven in the family. And some of my elder siblings that time were at Law school in the same university where I pursued B.S. Psychology – Xavier University, Ateneo de Cagayan. And sending all of us to school with just my mother principally working to earn a living was indeed very tough for her. My dad who belonged to a big and quite landed family had settled on the entitlement mentality, and being married to my mom who was completely resigned to her belief that money is the root of all evil and did not in any way pushed my dad to work again as he might get back to womanizing, as he was inclined to do when he was still in high position in a government agency in our city; paved the way to a struggling confidence in myself that I could amount to anybody in the future.

Such a great blow to my personal general perception of my being. I can remember that I was always feeling angry about something I could not pinpoint. I wanted to pursue something that I knew coming from the inside of me – music must have been really running in my veins. I could spend hours and hours practicing on the piano more than I would spend time to my academic studies. I would love having voice lessons but I did not receive affirmations from my significant others. On the contrary, my mom at one time while I was doing vocalization said, “What an ugly voice you have, Jong”. Perhaps, it was her way of challenging me, but it did not come that way to me. In effect, I was trying with so much effort to sound like the famous singers – Frank Sinatra, Andy Williams, Matt Monroe, etcetera. But I am Julius Pacana, not Matt Monroe! For as long as I could not sound like those famous singers, I always felt nothing. That perception of my being irrigated my brain almost to its entirety. And I was bringing that until middle age. This struggle with self-confidence, I believe had its very strong undertones from particular experiences during my very younger days.”A star apple seed, and a carbon paper, and a glass bottle”, I enumerated the important things needed for a science experiment in grade 5. I was 12 years old and the year was 1980. It was great fun doing that experiment, I remember. But the result was not satisfactory. Later when I was already teaching elementary students as a substitute teacher, I envied looking at young boys and girls making a science experiment or any school requirement where the parents are there providing a happy and cordial environment. I guessed later that that must have been impossible being that I am the tenth in the family and everybody was busy pursuing their own individual activities.My mom must have become tired growing nine naughty and hyperactive children before me. That science experiment earned a passing grade for me because the star apple seed began sprouting but not as healthy as those of my classmates. It could have been so much better. All throughout my elementary years, I could not recall having been assisted in my academics by my significant others. The star apple experiment was just one of the many school activities that I could remember doing without my significant others’ support. Not because they are not loving. Perhaps, I was farther existed that the nine siblings before me had drained my mom’s energy to take the time to attend to me. I had wonderful moments with my mom. But not at crucial bonding moments of hurdling a task together. Not so also with my dad. It could have been a wonderful bonding time wherein a school task is impressed as a responsibility and joyfully tackled. Even household chores were always ordered sternly and not as with a sense of responsibility to joyfully endeavored.Going back to the “entitlement mentality” I mentioned earlier; this, I would say, had compounded this extreme discouragement I felt of not anymore achieving what I desired for my life. This mentality had been so deeply entrenched in my father and seemed running in my veins too. I have not encountered these words, “Entitlement Mentality” until I read Robert Kiyosaki’s book titled, “Rich Dad, Poor Dad” in 1998, which got me awakened to its ill effects.When I got hold of this book in 1998, I was already teaching Psychology at the university. It had such great impact in my life that I was literally crying while reading the book. I could not help but cry seeing my dad’s present situation. It was like the poor dad referred to in that book. My dad was highly educated. After his undergraduate course, he pursued law studies which he finished. But my dad’s belief in the entitlement mentality had him quite glued at his credentials. He could have pursued a career in government or even in private institutions. But no, he clung on to what his family could provide for him – inheritance. Inheritance that just simply posed as a great promise for eventual richness. I do not know with my other siblings, but for me, I held on to that. Though I sought for employment that never really satisfied me, money wise, I continued imagining the wealth that inheritance could bring. I also continued seeing the disparity in living standards between us and dad’s younger brother who was rising in power as a politician that time. “Why are we poor?” I always thought. “Why can’t we have a new and beautiful house?” “Why can’t we have a new and nice car?” I questioned all the time. My observation was legitimate but all the justification I heard was, “money and wealth is the root of all evil”. But I have seen and mingled with super-rich people in our community who were so religious and even more humble. So, I thought there is really something wrong with this belief of my parents that money is the root of all evil. Is there a connection among the three? – That money is the root of all evil mindset, and the entitlement mentality, and a person’s level of confidence that he could amount to something great? When you fear money because it is evil, you will hide behind that entitlement mentality. When you settle your belief on that, it will greatly rob yourself of that level of confidence necessary for great and colossal success. With that observation and having read the book of Robert Kiyosaki, I made a very firm resolve to break the poverty in our family. My dad’s strong belief on the entitlement mentality, perhaps really covered his awareness of its ill effects in his own life. Sadly, he has passed it on to some of us siblings. He believed that he, being the eldest, is “entitled” to inherit his parents’ property and other things. This mentality extended so far as to claim slavish service from those they have extended help, monetary and material provisions. Whoever was richer and could extend money and material provision gains the right of entitlement. “I have provided for our parents for this and that concern, so I am entitled for a bigger share”, claims one. “No! I am the eldest, so… ” claims another sibling. This is also held on strongly by my dad’s siblings. So some uncles and aunts on my father’s side of the family claim to have authority over us to varying degrees. One uncle who became the richest among them had this treatment of us, not all of us siblings perhaps, but particularly me, as their “on-call” slaves, and would be called to clean their toilets, run errands, and do other household chores. They see it as a right and not a privilege. The only way to curb this is your rising to power by means of education and onto higher financial standing. But in spite of rising to that level, there is still this hidden agenda of who gains that power first that makes him still feel superior and still manifest in prideful behaviors.

However, the authority is weakened at some point because of the fact that the ones used to be treated lowly now becomes somebody. Let me give an example. All the time I felt indebted to my elder siblings because being the older ones, they had looked after me and had taken cared of me when I was very little, as claimed by them. I always felt that I have to make a return, and when this return was not satisfactory to them, I was not at par. Now, since both my parents were highly educated – my mom being a law graduate herself with an undergraduate Bachelors degree in English and was teaching World History for quite sometime; both of them desired that we all get good education too. Ironically, with all this wonderful education, my dad never got any employment since I was in high school for some reasons which I perceived after reading the book of Robert Kiyosaki as a product of Entitlement Mentality. And perhaps a great fear of this seemingly unfair world. We are not all exempted to this but perhaps some are just really fierce to fight it away.Furthermore, Dr. David J. Schwartz in his book, “The Magic of Thinking Big” frankly discussed in chapter two: Cure Yourself of Excusitis, the Failure Disease. Excusitis, according to Dr. David Schwartz, is a mind-deading thought disease. When we are afraid to take a chance at any endeavor, we make excuses to refrain ourselves from them. I am not saying here that money is the sole barometer for success. My dad was very successful in molding us into our Christian faith, specifically, to fear God and revere Him. But I have realized later in life though that looking after and striking a balance in all aspects of life – Spiritual, Social, and financial, would result to a healthy and strong self-confidence. A healthy understanding and mindset about money – that money is not the root of all evil is equally important as healthy social and spiritual upbringing, and that such balanced mindset should have been taught at a very young age would certainly result to a healthy human growth. The “entitlement mentality” certainly does not belong to this healthy balance. I believe that this wrong mindset really needed a rescue at my formative years.I have to say at this early part that I am not espousing anger or hatred. My aim is only identifying experiences in my life that did not really bring a healthy growth and how one could cope-up in a healthy and positive way to still bring a healthy emotional individual. I do not want to go to great lengths of bringing all those undesirable experiences. After all, this is past – a very long past. And I have released forgiveness already to myself and others. “Hakuna Matata” (Swahili phrase of Central East Africa meaning “no worries” or “problem free”), as one famous Disney animated movie, “The Lion King” had successfully hammered into my head and heart. And a great peace indwells my heart with that. Incidentally, unknown to many that this phrase is quite parallel to what I have always known in the bible in Matthew 11:28, “Come to me, all you labor and are burdened, and I will give you rest.” (NAB)

Are You Doing Great in Life? If Not, Read This

Because you are reading this article, you are moving towards your ultimate goals and life’s purpose. Something 96% of people struggle to do.

Congratulations! You’re on a good path-keep reading, you will be glad you did.

Because I truly want you to win, I want you to know every time you buy a personal development product… a book… or a coaching session, you are making a bet on yourself and your ability to live your dreams.

My win/win goal is to help your bet pay off.

Simple… and it is easier than you think!!

The sad truth is, many people (by definition) fail to bet any better than ‘average.’

Approximately half the people on the planet are chronically below average-i.e. below average income, average debt of $15,000, average relationships and mediocre life satisfaction and health.

Average is mundane and discouraging. And then, people are desperate and compelled to take anti-depressants to cope.

It’s one of the reasons I dedicated my life to live an exceptional life and to help others do the same. No one aspires to spend their life feeling average-no one.

I know you desire to feel Amazing, Strong, Capable, and Fulfilled.

I am here only to be truly helpful. I know you can earn and deserve the respect of many and live the life you desire.

You can live life as a high-energy, in-your-face statement of what’s possible for humanity.

And you know what?

Negative thoughts creep into your mind without you even realizing it. Why because nearly everyone around you are verbalizing negative thoughts and as the cliché goes, ‘monkey hear, monkey do.’

Even in the throes of incredible success negative thoughts pop up. Here are some of the negative thoughts I hear people saying.

· “I’m too old to make an impact.”

· “I can’t create anything at my age.”

· “I am so far behind where I could be-I couldn’t catch up.”

· “The rich get richer and the poor get poorer.”

· “I’ve done my best, and still can’t get ahead.”

· “This is just my lot in life.”

· “It’s God’s will.”

· “If I was supposed to have a better life, God would have given it to me.”

Yes, even people who have it all-have negative thoughts.

Do you know what they do next?

He/she rejects the negative thoughts from their head like a CD with a scratch on it.

It’s not a violent process when people who have it all have a negative thought. Instead it’s a gentle “No thanks-not in my life.”

Your subconscious mind is your greatest defense against invading limiting beliefs. Your subconscious mind holds all memory about all experiences, all truth and all answers to all your needs and questions. The conscious mind (ego) or unconscious mind is the source of those nasty beliefs that you have held onto for a long time.

As we have come to know, “We are our own worst enemy.”

It really matters, that you know your subconscious mind is on your side.

Therefore, when you’re about to ask for a raise… sitting outside your boss’s office if you feel nervous, then you bet it’ll matter whether your subconscious mind is at the meeting.

When you’re about to take a chance and launch a business… and your past failure floods your mind with fear… you bet it will matter that your subconscious mind holds all answers to all your questions and concerns!

And if your car breaks down, your plumbing fails, or if there are circumstances beyond your control you need to allow your subconscious mind to give you direction. Or else you’re in for a stressful ride! And I know you have had a few stressful rides, and you know people who have stressful rides.

You may have heard that life is 10% what transpires and 90% how you react or respond to it.

Well… when something goes awry, you don’t have the time to consciously choose how to react or respond-you need to have a close and personal relationship with your subconscious mind to allow your subconscious mind to take over.

Your subconscious mind is connected to the universal knowledge and can react automatically with precision. Notably, you have heard many instances when people have experienced something that on the face of it, they would be dead. In that instance, it is considered a miracle. The truth is, the person’s subconscious mind automatically directed the outcome.

The worse the situation is, the more your pre-conditioned responses take over, which may not be the best course of action or your subconscious mind, automatically takes over and the outcome is the best possible scenario.

So… how do you want your subconscious mind to be on duty 24/7?

What do you want to create for yourself?

If you have one or more unconscious beliefs, emotional or mental blocks, negative patterns or a frustration you can’t quite place… then you need to clear the blocks and become the master of your mind-quieting the ego and unconscious mind and allowing the subconscious mind to be in the driver’s seat.

When you are the master of your mind you will quickly find that you have a refuge or victim inside.

You can learn to install an ever-vigilant mental bodyguard to protect against negativity.

And you’ll rest easier as you remember that your subconscious mind is in control. And you will feel totally safe. Totally secure.

Are you ready to recapture that mental power starting now?

If you are, let me be your best expert on the planet to install healthy new perspectives in your mind.

You owe yourself a chance to discover the latest, most reliable strategies for taking control of your inner voice, the inner voice that heretofore, has been blocked by the ego (conscious) and unconscious indoctrinations and conditioning.

This moment is the first moment of the rest of your life.

Are you willing to take the action required to claim your happiness, success, fulfillment, and enlightenment? Will you take advantage of the opportunity to create a new reality for your life?

It’s time to SHIFT and get prepared for what’s coming up for your life… so I want you to put your heart and soul into paying close attention to how much mental, emotional and physical pain you are in. Then, step by step you can make the SHIFT gently, easily, and without having to deal with the mental and emotional pain and stress of not knowing what to do, not feeling your best, and all the other OLD WAYS that are holding you back.

Remember you might need to ask for assistance.

Here’s to living your best life NOW.

There is no shame in asking for assistance to create happiness and success. If you have read the books, taken workshops, had psychic readings, taken prescriptions and OTC drugs etc. and still struggle; you might have emotional blocks preventing you from moving into your happiness and desires.

This is an investment in your health, happiness, success, fulfillment, and enlightenment. Following the principles in this process will change your life forever and I want you to experience it yourself as soon as possible. Remember only you can take care of your happiness and emotional, physical and spiritual health.

I offer a 20-minute FREE no-obligation phone conversation to answer your questions and discuss how you can discover and create personal and professional success. And you will receive value in the 20-minute conversation.

You are worth it. You deserve to create your happiness, dreams, and desired success. What are you waiting for? You deserve to have someone to take you by the hand and walk you through the maze of unknowns, or to guide you through the obstacles and twists and turns. This is your opportunity to create the dreams you desire. P.S. If you’ve ever worried that you’re missing out because you can’t afford specific assistance for you, then this is for you.

You’ll quickly find new financial opportunities as you gain control of your inner money story.

Then you’ll be able to invest that money into furthering your growth even more.

How nice would it feel to not have to worry about money?

Bet on YOURSELF today.

Remember, the odds are stacked in your favor.

Revenue Management

Revenue management is the application of well-organized analytics that forecasts consumer behaviour at the retail level and boosts product accessibility & price to enhance revenue growth.

In an internationally competitive business environment, firms are constantly trying to enhance their profitability.

A revenue management system is an effective tool to accomplish the objective with comparatively low technological investments and at present, has extended to several sectors.

The way revenue management instills within the organizational framework relies on the kind of sector and the particular organization. Certain firms have it as part of the marketing department while some place it within the finance department.

In certain organizations, a Chief Revenue Officer manages various functions – marketing, product development, and brand management.

Supply chain management and revenue management have many basic harmonies. SCM is a crucial process in several organizations and is getting interfaced with a revenue management system.

Business Intelligence systems have also been combined with this process. These platforms provide data that can be used for informed decision making.

An organization must evaluate its demand structure and segment its clients on the ability to pay. After the segmentation, the pricing strategy for each segment must be determined, and then the statistical demand for distinct segment must be estimated.

The operating scenarios of production and services sectors differ to a large extent.

For several financial personnel, managing revenue efficiently is extremely challenging. In the context of the amalgamation of uncontrolled regulations, changing guidelines and stringent penalties for noncompliance, revenue management can be very complex for the capabilities of finance personnel.

In the context of these obstacles, firms are thinking about automating revenue management processes to enhance efficiency, augment compliance, and improve transparency.

The strategy to simplifying it begins with processes developed from the top down method, on the basis of information from various stakeholders and activities.

The capability to establish the technology that simplifies and centralizes the revenue management process is also very critical. Cloud-based technology enables finance personnel to link with systems, automate processes, and review business performance.

The four critical complexities are as follows:

Regulatory Compliance

The regulations are complex and difficult to infer because firms implement multiple non-standard agreements with the clients.

Internal Controls

According to experts, revenue recognition is one of the most prominent Sarbanes-Oxley Act Section 404 internal control issues reported by auditors.

Forecast Visibility

Revenue forecasting is not easy to determine. Again, a normal income statement cannot differentiate between once and frequent revenue.

Employee Productivity

Currently, several organizations are utilizing user-friendly spreadsheets for key revenue accounting activities. Simple and complex spreadsheets used by one person need extraordinary endeavour to construct and manage. Even then, all advanced spreadsheets have errors. They are not easily auditable.

In certain sectors such as IT, this system is very complex since it is difficult to allocate revenue across elements and the duration of revenue recognition.

Currently, vendors and buyers are leveraging the software as a service (SaaS). Revenue recognition issues happen when various components and discounting relate to a SaaS contract.

SaaS firms depend on metrics like monthly recurring revenue, which are different from normal IT businesses.

In service-oriented businesses – technology execution, law, and accounts, this system is affirmed on specialised contracts and distinct terms.

In these cases, project-delivery results are connected to recognizing revenue. The revenue recognition method requires the firms to document billable time/expenses and monitor project performance to link proceedings back to the contract types.

Hence, firms are seeking to automate revenue management to accomplish enhanced compliance, better visibility, and reduced costs. It encompasses every function in an organization, the process automating does not begin with IT.

The process of automating the revenue accounting management can deliver substantial results – quick period closes and cost control.

In order to streamline and optimize the system, firms must leverage the technology that enables the finance personnel to link systems, automate processes and evaluate the business on time.

Interface Systems

Streamlining the process eradicates data duplication that occurs between finance and other departments, thereby decreasing errors and reducing time.

The most optimal accounting systems link key business systems – CRM, services management to develop a robust ecosystem for revenue management.

Automate Processes

Every organization’s revenue recognition process differs based on the distinct business model, products, and market conditions.

In order to automate the rigid process, revenue stakeholders must have the capability to arrange the relevant procedures that replicate the complexities of the business operations.

The automation of revenue recognition process can significantly reduce workload for personnel, decrease spreadsheet errors, and enhance efficiency.

Business Performance

Top-notch revenue management systems deliver an insight into both existing/deferred revenues by projecting accurately the future revenues. They enable organizations to evaluate the effect of changes to products and pricing on revenue.

The process of comprehending the system begins with efficient top-down processes. It is only afterwards that technology should be used to automate the revenue management process.