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12-18 months plan (August 2020 - December 2021) to achieve the ultimate…
12-18 months plan (August 2020 - December 2021) to achieve the ultimate goal: getting PR in Canada
Goal 1: Get enough money to support for life in Canada
:checkered_flag: Target: Make at least VND 54,000,000 by December 30, 2020
Source of income
Investing in coins, stock (June 1, 2020)
Initial investment: VND 50,000,000
After investing, final balance: VND 56,000,000
Usage purpose: Used to pay for mom's loan
Used up: Yes
Working at P&G (July 5, 2020)
Salary: VND 9,000,000
Usage purpose
Rent/utilities: VND 3,000,000
Help mom: VND 2,000,000
Food & other spendings: VND 1,500,000
Eat outside & gasoline: VND 500,000
Cook food: VND 1,000,000
Spending target: VND 6,500,000
Saving: VND 1,500,000
Selling cloth facial mask (July 30, 2020)
Retail
Channel 1: selling with Aunt Chi
Profit: VND 300,000
Wholesale
Deal 1: 5600 pieces to a Saigonese company
Profit: VND 2,000,000
Profit for saving: 2,300,000
Initial investment: VND 0
Selling chemicals (August 25, 2020)
Initial investment: VND 0
Profit (potentially per deal): VND 5,000,000
Selling medical supplies (August 25, 2020)
Domestically
Supplier: Already found supplier in medical masks, gloves, respirators, operating room supplies
Next step: finding clients
:star: Potential clients: Hospital
Profit per deals: VND 5-10,000,000
Internationally
Supplier: N95 medical mask, 4 layer medical masks, gloves, hand sanitizer
Next step: finding clients
:star: Potential clients: Hospital
Strategy: Find B2B marketplace
TradeWheel
Potential market
Australia
Products
Needles, syringes
medical mask
Gloves
Profit per deal: enough to pay for 2-3 semesters
Gloves
What I have: connection with manufacturer in Vietnam
What I need: genuine buyer, broker or distributor
Potential deal: less than 1 million boxes
:red_flag: Total saved for target (August 26, 2020): VND 5,800,000
:recycle: Strategy: Gain as much money as possible and invest in a diverse portfolio with a potential return rate of 10-12% to achieve the ultimate goal
:recycle: Strategy: Capture the opportunity of having connection of suppliers, strive to get big clients to aim big deals
:recycle: Strategy: Work full-time while being a salesperson to have a secure income
Evaluation
Cannot make enough money to meet the target in time by just working at P&G
Ideal plan: be a middleman to
Goal 2: Get a job after graduation in Canada
:checkered_flag: Target: Land a secure job in Canada
:red_flag: Milestone/current progress: Working at P&G
:recycle: Strategy: Spend time in Vietnam studying
Upcoming opportunity, decision to be made in 1 month
Working at VinID
Position: Analyst
Allowances: VND 10,000,000
Pros:
Base in Hanoi
Can potentially learn more from boss
Can try out new field, potentially in Tech Finance
Cons:
Unsure of the tasks, could be gathering and analyzing data
Not very credible as P&G
Extend the internship with P&G
Position: Product Supply Intern
Allowances: VND 10,000,000
Pros:
Good credibility for future references
Do what I learned
Good food, tight schedule, can't spend money much
Cons:
Working alone
Couldn't learn from manager much
Travel time to the plant is 3 hours/day
:recycle: Plan
Studying in Vietnam (part-time/full-time) to minimize living expenses, ideally, come back to Canada when lecture is done offline or when graduated
Apply for TRV outside of Canada to maintain my status in Canada
Working while studying to gain more experiences
Pros/Cons of Opportunity
Salesperson
Pros
Build a network of supplier and clients to build an import/export company later on
Learn about deals and negotiation
Cons
Income is not stable
Working at P&G
Pros
Stable income
Cons
Starting to lose interest in the job