Recently there’s has been much publicity about Sunshine empire, a fast track growing network marketing company based in Singapore. The Malaysia and Singapore monetary authorities have both included Sunshine Empire in its watch list of companies to beware of. In other words, Sunshine Empires is currently under the closely watchful eyes of the relevant authorities.
James Phang, the founder of Sunshine Empire boasts he is a legend and smarter than Warren Buffet, now that is a tall order comments self-appraising oneself. James Phang has time again emphasize that Sunshine Empire is not an investment company though the way the business operates closely resembles those of investment fundamentals. I find this man a very interesting person indeed. Firstly, he is the founder of the Sunshine Empire yet he assumes neither official position nor responsibilities associated with Sunshine Empire. According to some members, he sees himself as the guardian of Sunshine Empire and that he’s presence is critical to the operation and survival of the company. I guess where he is coming from is that someone should take the rap for him if the authority were to go after Sunshine Empire one of these days. The way I see it, the future of a company, no matter how big or small should in principle never be dependent on solely just one man. Yet for all the promises of great returns associated with signing up to join Sunshine Empire, this man put his own worth and self above those of those who makes it possible for Sunshine Empire to flourish as it of today.
Secondly, Sunshine Empire is expanding at incredible paced. I bet a sizeable of the Sunshine Empire members do not know what businesses Sunshine Empire is into or who is driving the business deals. I have to honestly admit I am one of them who do not know what business the company is into though. It seems that some of the front end business Sunshine Empire deals with serves more like a smokescreen for some underlying more secretive, if you will secret business which very few but the top of the management knows in details. Sunshine Empire business is expanding in such an incredible breakneck speed such that it may become a serious problem for James Phang to oversee all these businesses. Unless James Phang is able to recruit and designate and assign honest staffs to manage the business empire, the company is in for trouble one of these days. What irritate and worries me most though about Sunshine Empire are the young chaps in their early 20s that are at the top of the food chain, the elite business managements so to speak who manage many of the company businesses. It is not that I don’t trust nor is it that I have no confidence with young people, the fact of the matter is that I prefer to have older experience people managing my money rather than those young hot blooded and ambitious chaps who are still picking up the ropes and has very little concern for the welfare of the members.
James Phang is no new comer to MLM business. Don’t get me wrong; I sincerely believe network marketing is a perfectly legitimate business model. There are many who have deal with James Phang in one way or another prior to the setting up of Sunshine Empire who sadly do not have good impression of him though. I am told James Phang claims that his problems with the previous company that he established were due to mismanagement of funds by some of his close associates and close relatives. A great leader is someone who is humble enough to accept mistakes and takes full responsibilities for not just his own actions but also those of that of his subordinates.
Is Sunshine Empire a business scam?
Probably not since even MAS does not label it a scam or illegal so to speak.
Would I recommend friends and colleague to sign up as members and participate in Sunshine Empire business? I will not hesitate to share with people on profit opportunities associated with Sunshine Empire, however I will not coerce or convince people to part their savings with Sunshine Empire.
Let be honest, there are risk associated with all forms of investment and Sunshine Empire business is no exception likewise even though the company claims it is into wealth distribution and not into investment. As the saying goes; you win some, you loose some. What matter most is not whether you make a loss or not, rather how often you win compare to your losses. In that regards parting your money with Sunshine Empire are a very risky business deal, the rewards and profits entails are equally enticing and rewarding though. If you have spare cash to play with, why not take chances and give a shot with Sunshine Empire rather than placing your bet with the lottery draw or splurging the money on buying a luxury car that you can afford to live without. If you do not have any spare cash to play around with, forget about Sunshine Empire completely. What I meant by spare cash is money that you have no need of be it in the near term or mid term.
Sunday, October 28, 2007
Sunshine Empire
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