Heard about a 25 hour service restaurant? I’m not sure if I remember it correctly but when I was in my younger years I think I for once I tried to eat on that restaurant but I don’t remember that it has a 25 hour service. Since there are only 24 hours in a day, I think it was only marketing gimmick to tell people that their service is worth more than just 24 hours in a day. As the title of this post say, the restaurant is named Goodah!!! But, have you thought that this restaurant have it’s original owners or founders till the present time? The answer is no. Since it went to difficult times, the owner was forced to sell it and it was said that only brand name has set a strong positive impact on people’s mind. In fact, there was a movie titled GoodAh!!! by the famous trio comedian Tito, Vic and Joey.
The company was sold to Mr. Jose Antonio “Che” Soler, President of Del Sol Foods Inc. and despite that his existing business is not related to food chains, he invested on a restaurant called GoodAh!!! that popularized the hot and quickly served Filipino food to a new level like goto and arroz caldo (ox tripe gruel and chicken gruel), silog (fried rice and fried egg) and Tapsilog (beef tapa with fried rice and fried egg).
Who wouldn’t recognize the leading sporting accessories and apparel store chains in the Philippines? Many years back, I remember it has a small store in Greenhills Shopping Center back in 1982. That time I was only 13 years old and little that I know the real story behind it. I’m not a sports buff so it’s impossible to think that I will visit Toby’s but what attracted me to that store are those radio controlled airplanes and accessories that time. I remember those days when I begged my uncle to buy me a propeller driven F-16 fighter jet kit made from balsa wood which I assembled myself. And my only way of learning how to build and cover it by monokote it is by reading R/C model airplane magazines and books. Sad to say, I never had a chance to fly it because I was afraid I might crashed it. I was only a beginner in that hobby those days. I remember I also bought model engines for that plane, monokote and a 4 channel radio control set. Later I learned that I need to fly a model trainer aircraft before flying a faster airplane like that F-16. So I bought a J-3 Cub model plane kit from Toby’s but again I can’t fly it because it was a scale model airplane. Scale model airplanes are for expert flyers and not for a beginner. To know more about why it’s difficult, just visit here. OMG! that hobby is really getting on my nerves! In the end those two planes I build just became an expensive litter. After I bought a third trainer model aircraft from an expert trainer who also taught me how to fly, I attempted to fly it on my own and crashed.
So much for that story. Maybe I shouldn’t have written that experience because Toby’s Sports only specialize on sports gears and apparel and have not continued to sell model planes and accessories. But at least many people will know that aside from the Mickey Mouse and other Disney merchandise Toby’s Sports were selling on it’s early days, they have also tried to sell R/C airplanes. There was a good article I read in Masigasig Magazine about Mr. Roberto ‘Bobby” Claudio, the founder of Toby’s retail chain. Although the article seems like a promotion of Globe telecom for endorsing the IOS (Inventory Ordering System), at least it was an inspiring one. The success story begins when Mr. Roberto Claudio was still an employee of Unilever and was very active in Junior Jaycees and was asked to take charge of World Jaycees Congress on his fifth year. Then later he resigned and devoted his time in the Jaycees.
The new Korean Tele-Novela Money War is now becoming popular here in the Philippines and I admit that I’m also an avid watcher. In Korea the title is different, it is War of Money. Maybe the reason why Korean tele-novela are gaining popularity is the unusual stories happening in them. One very obvious and interesting event is about a loan shark named Bogart (I wonder what’s his Korean name?) who kept five billion won in an office. How in the world can you keep such an amount in your place? From the beginning of the story, I have no idea what is it all about and I don’t watch it that much because I thought it was just another rags to riches story. But as the story goes, it becomes more interesting and the drama is about money war between money lenders.
The main cast who played the role are: (This is on Philippines only, in Korea and other parts of the world where it is shown, the names are different) [click to continue...]
Profit sharing in a business among the investors is really common sense. It is obviously the percentage of your investment versus the total amount of the capital. But even though we can go through with it without going to the standards, it is better to have it in order for us to deal in harmony with our business partners. According to the standards, if for example the total capital of a business is Php100,000 and your contribution is Php25,000, you will get the percentage of your share by dividing 25,000 to 100,000. In this case you will get 25% of the profit.
It is really common sense if you look at the standards. In case the total capital increased because other investors contributed an addiitonal capital, then your share will decrease. For example another Php50,000 was added to the initial capital, then it will become php150,000 which you have to divide 25,000 to 150,000. Your percentage of profit share will be 16.7%.
I’ve read an interesting story in Entrepreneur magazine about a tool steel businessman who’s business was almost brought down to it’s knees due to cheating employees, Asian financial crisis back in 1997 and his spending attitude. It’s really common sense that living in frugality will really help a business manage it’s finances well, not only in business but also in our ordinary daily living as a typical worker. But not everyone have that discipline especially if your spouse is not thrifty enough even though you did your best to become frugal. The COO of the Special Steel Products, Inc., Joseph Anthony Pardo said so himself that “although the Asian financial crisis was totally unexpected, the company would not have been as hard hit if they handled their financial well.”
Another aspect that became their major problem is the employee’s dishonesty. In 1986, when some of their former employees started selling cheap steel to their clients, claiming that they were the same as Bohler. The company lost a number of clients to the copycats who offered a cheaper yet substandard alternative. They (dishonest employees) also resorted to unethical means just to sell such as cheating the customers by substituting materials, and spreading black propaganda about their company.
Heard about a 25 hour service restaurant? I’m not sure if I remember it correctly but when I was in my younger years I think I for once I tried to eat on that restaurant but I don’t remember that it has a 25 hour service. Since there are only 24 hours in a day, I think it was only marketing gimmick to tell people that their service is worth more than just 24 hours in a day. As the title of this post say, the restaurant is named Goodah!!! But, have you thought that this restaurant have it’s original owners or founders till the present time? The answer is no. Since it went to difficult times, the owner was forced to sell it and it was said that only brand name has set a strong positive impact on people’s mind. In fact, there was a movie titled GoodAh!!! by the famous trio comedian Tito, Vic and Joey.
The new Korean Tele-Novela Money War is now becoming popular here in the Philippines and I admit that I’m also an avid watcher. In Korea the title is different, it is War of Money. Maybe the reason why Korean tele-novela are gaining popularity is the unusual stories happening in them. One very obvious and interesting event is about a loan shark named Bogart 
I’ve read an interesting story in