Tuesday, December 18, 2012

Every Cent Counts

I used to work in a solar company and our favorite line is that "every wafer counts". We are manufacturing solar cells and one of the challenges the company is facing is cost reduction because of the stiff competition in the market. Therefore every solar wafer breakages means a loss to the company. The employees must help in reducing yield loss in order to help in the cost reduction drive of the company especially now that solar companies are facing a tough time.

When I decided to venture in business, I have to have a paradigm shift with regards to money. When I was still an employee a one peso coin doesn't mean a lot to me. I could give it away. It doesn't matter. For me, it's not a big deal.

When I started having my own business, suddenly I realized that just like in my previous company where every wafer counts, in business it's "every cent counts". A lost cent or a peso would mean a loss of profit for the day. What if there were a lot of peso which were lost then that would mean trouble.