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Many times we make excuses about our lack of education or opportunities in life. What aspirations do we have in life, whether in business or sport or career? If Mr Lama can start with K190 and a Grade 3 education and build a K600 million empire, as long as you have vision and work hard in your chosen field, you can also make it.
This was the article I saw in the news:
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A LOCALLY-owned company has bought off the former Alotau International Hotel in Milne Bay.
Yumi Yet Real Estate Ltd owner and managing director Eke Lama said the hotel, now called Alotau Bay Hotel, is 100 per cent owned by Yumi Yet.
Lama did not state how much the hotel was bought for.
“It was 100 per cent paid off on July 2021,” Lama said.
He said Alotau Bay Hotel was the company’s first hotel, among a list of properties it owned.
The company also own a lodge in Alotau which was opened in 2019.
Lama said Yumi Yet Real Estate employed more than 200 Papua New Guineans and had over 800 rental properties, 600 land titles, four lodges and now a hotel in Papua New Guinea, including a rental property in Cairns, Australia.
Airways Hotel Ltd general manager Sunilkumar Panda confirmed that Alotau International Hotel was no longer a part of Airways Group. (Source: The National, 12 August 2021)
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Later I found an article written by Jerry Tsinabi back in 2018 that told about how Lama made it:
THE story of a man whose hard work and perseverance has resulted in him becoming a successful businessman has inspired others to try their hands on small-scale business opportunities.
Eke Lama, 61, was featured in this newspaper last week discussing how he built his business from just K190, selling coffee from rural Pangia in Southern Highlands.
He is now the managing director of a chain of properties in the country operating under Yumi Yet Real Estate Ltd.
Lama owns rental accommodation in many surburbs in Port Moresby, Western Highlands, Southern Highlands and Australia.
Some people who read the article called Lama to seek advice on how to set up and operate a small business.
“There was overwhelming response from people calling, texting and emailing me from all over the country,” Lama said.
“So I decided to organise a meeting with all those who expressed their interest in learning about business tips.”
During the meeting in Port Moresby, Lama shared his experience with those who turned up.
He told them of four basic principles:
Do what you know;
put all of your time in the business;
be extremely committed; and,
put money last.
“You must be ready to commit and put all of your time into the business,” he said.
“Money will always be there. It will not grow unless you do something.
“But never let it control you.
“Put it last on your list of priorities.”
Lama stressed on “do what you know”.
“To be successful in any business endeavour is to do what you know. That is the secret to success. That’s all,” he said.
Lama dropped out of formal education after grade 3 in Pangia.
It was much later in life when he realised the benefits of education, he pursued studies in carpentry and other skills-based courses at a Baptist missionary school in Pangia.
He is now a certified carpenter and experienced builder.
Lama also undertook courses in painting, plumbing, electrical and tiling – different aspects of building construction.
“That is how I got into the real estate industry and am now successful,” he said.
“So if you are a teacher, run a private school. If you are an accountant, run a financial firm.
“Doing what you know will truly enhance success in your business.”
Participant Lilly Manuda was pleased with the advice she received from Lama.
“From what I have learnt, Lama is a very busy man,” she said.
“That is why I really appreciate him making time for us like this.
“He really has the heart. To be here today and hear what he has gone through to be successful is inspiring. I am honoured to have attended this meeting.”
Manuda said she had intentions of starting her own business but felt it was quite impossible to start from nothing.
“Lama’s words have told me otherwise. They have given me a lot to think about and I am very motivated.” (Source: The National, 5 February 2018)
#YesWeCan #ThinkBigStartSmall #Possible
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