Since Jollibee bought 70% of Mang Inasal from the owner Edgar “Injap” Sia II, I guess no one knows the real reason why Mr. Sia decided to sold part of Mang Inasal to Mr. Caktiong, the owner of Jollibee. But the fact that Mr. Sia didn’t sold the entire company and kept 30% of it, we can conclude that the owner still wants to retain the company. My conclusion is, in business, there are many competitors and the big boys always wins. Since Jollibee and Mang Inasal has almost the same “Star” product, and that is cooked chicken, although the method of cooking is not close to each other, they are direct competitors. One is fried while the other one is grilled but they are both serving the fast food industry.

So in order for Mang Inasal to boost it’s potential, instead of competing directly with the giant, he should join them. There is a saying, if you can’t beat them, join them. And the same thing with Jollibee, since Mang Inasal is a threat, even though it is just a fledgling little chick, Jollibee became interested in buying the company. Most businesses do that to demolish the competition whether they will buy their competitor to integrate to their existing business or just to make them disappear into oblivion.

Continue reading →

Below are the scheduled training of TRC for the month of May 2013.

Honestly I wasn’t sure if this blog post is related to this blog’s theme but I want to keep an open mind on any opportunities that might pass by. One night when I was browsing my emails (actually all my emails from all my website’s domain is transferred on a single software called Thunderbird so is will be easy for me to browse all my emails) I saw an email from someone who was asking to promote his book. It is actually my first time being contacted by an American author, and I was asked to promote it using a blog post. We had an agreement, I’ll promote his book and I’ll get a copy of his book (want to have a copy? just share this post to your facebook wall or twitter, or if you have a blog, make a blog post with a link to this blog post then send me an email to mmontala[at]thefilipinoentrepreneur.com and I’ll send you a copy of the ebook). I don’t know what to say and I really can’t decide if I’ll accept it or not because I’m always busy specially now that I’m struggling due to the Google algorithm updates since last year. I was also helping my wife on our small food cart business to make ends meet. I can’t find time to read or browse the book at first but when I had a chance to read it, specially the part of Adam’ adventure in the Philippines, I was immediately captivated. He had a long story about the people’s champ Manny Pacquiao and his stay on Boracay islands. And his first meeting in person of his Filipino virtual assistant who was residing near Boracay when he arrived in the Philippines.

Continue reading →

When I was still employed, I can’t remember the exact month or year, maybe ten years ago when I was having a chat with my friend in the office. We were discussing about the great entrepreneurs like Bill Gates, how he manage to make billions of dollars on his company Microsoft. Those were the days were I was day dreaming of becoming a successful entrepreneur, a dot com entrepreneur to be exact. I was a CAD engineer then and although I was working on computer and very interested in computers and internet, it was a long shot of becoming a programmer since I was not very familiar in programming. And I turned to the web to seek good fortune because of the overwhelming information of home business that someday I might be successful if I venture in the area. Somehow my efforts didn’t go to waste as I still manage to survive and I thank God despite of the many problems and complexities I’ve encountered.

Continue reading →

I remember the good old days when internet was still on it’s infancy, specifically here in the Philippines. Back in 1995, internet connection is very rare and only companies and those who belong to the upper class of the society, I mean those who can really afford to have an internet connection can surf the internet. Even mobile phones are rare and the only brand I knew back then is the Motorola brand cellular phone, the size of a brick. I was lucky I was able to experience my first internet surfing when I was employed in a multinational company. Broadband DSL connection don’t exist yet and you have to be patient using a dial-up connection. Website are very simple those days and I became interested in making websites and making money online.

Continue reading →

Food business this summer seems very limited because here in the Philippines there are no classes. And only a few students takes summer classes. In my experience, students are the majority of the buyers specially on sidewalk vendors who sells street foods and other stores near a school. Obviously in a hot summer months, cold beverages and drinks are the best sellers and other foodstuffs that contains shaved ice.

Anyway starting a food business this summer don’t need to be extravagant because if you are only selling cold stuffs, it is always seasonal so when rainy day comes you have to switch to another kind of business. If you are planning to buy or fabricate a food cart, be sure that it is versatile and you can change the tarpaulin graphics signage so you can replace it once you switch to another kind of  food business.  I said that because I’ve experience buying a food cart with fixed signage and graphics  so I cannot changed the stuffs we are selling when the seasons change. So below are the lists of food business ideas this summer:

Continue reading →

If you landed on this page searching in Google or Yahoo on how to improve your luck, this post might help you. Many people including myself are always on the search for ways on how to improve our luck because my golly wow, I can see most of my high school and college friends having a good life and I always envy them when I saw their pictures on facebook all those materials blessings and promising careers that they are enjoying right now. I always ask myself why can’t I be like them? what is wrong with me? I’m educated and finished my degree in engineering, came from a middle class family and my father was a successful businessman but why I’m still struggling right now?

But on the contrary I’m still lucky if I compare myself to the less fortunate. Even I’m struggling I can still find ways to pay the bills and our daily needs with the help of the Almighty. Sometimes I blame myself why I chose the rocky road of an entrepreneur and did not continue a career in a company or find work abroad a few years ago to seek a greener pasture like most of the OFW today. But I know it’s God’s will so I might as well make the best of it.

Continue reading →