Showing posts with label Restaurant. Show all posts
Showing posts with label Restaurant. Show all posts
Mang Inasal's Entrepreneurship is all about Attitude
Posted On Wednesday, October 6, 2010 at by Sun JunNothing is impossible with the right attitude. Do not be intimidated by problems. Instead, look at them as opportunities for growth.
Insights from Mr. Edgar J. Sia II, Entrepreneur of the Year 2010 Finalist, and CEO and Chairman of Mang Inasal Philippines, Inc.:
- Market research is helpful. Before putting up Mang Inasal, the company conducted market research in 16 different regions in the Philippines. The research purpose was to find out the different culinary traditions and eating habits of Filipinos nationwide. As a result, they found out that barbeque or inasal in Ilonggo was the type of food with the most potential and mass appeal.
- Early exposure to entrepreneurship is beneficial. Mr. Sia was lucky to be born in an entrepreneurial family. He was exposed to the family business early on at the age of 10. By the age of 20, he was already managing several businesses.
- Aiming high and Thinking BIG! While coming up with the business concept, Mr. Sia made it a point to start a business that had a potential to expand nationwide. In just 3 years he was already able to open 20 branches. And finally in 2005, he started franchising the business. Now, there are around 260 branches nationwide.
- Continuous improvement and development. Despite its success, Mr. Sia knows that a lot can still be done to make the business bigger. The company has a research and development team specifically tasked to ensure the consistency and quality of their food across all branches.
- And most importantly of all, he has that never-give-up attitude which was depicted in his statement above. With the right attitude, one can be a successful entrepreneur (or any other profession for that matter) like Mr. Edgar Sia II. "Attitude is Altitude!"
Source: Business World Online.
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Red Ribbon Coffee and Bakeshop
Posted On Monday, June 28, 2010 at by Sun Jun
It was raining hard this afternoon and my stomach was grumbling. Afraid of getting drenched in the thunderstorm, I had to settle for the nearest restaurant just below our condominium unit. But I didn't mind because that store happens to be a Red Ribbon! I love their meals especially the Salisbury steak and the Pan-grilled pork chops. And so I hurried downstairs while contemplating what to order. When I got to the store and was standing in front of the cashier already, I was surprised with what she told me. She said that starting last June 1st, they are now no longer serving rice meals and pastas. She said that they're now specializing in coffee, cakes, and pastries alone. I asked if this would hold true for all Red Ribbon outlets, she said that there would still be some that would serve rice meals but I got the impression that most outlets would be converted to this new business format.
Jollibee Foods Corporation acquired Red Ribbon in October 2005. Could this be Jollibee's answer to McDonald's McCafe? There's quite a variety of coffee drinks available in Red Ribbon but I honestly haven't tried any of it.
I'm posting this so you wouldn't be shocked the next time you crave for your favorite Red Ribbon pasta or rice meal and find out that they're no longer serving them. My hungry stomach had to settle for something else, but it did get its craving for Red Ribbon's Chocolate Mousse! Yummy!
Starting a Restaurant
Posted On Sunday, February 8, 2009 at by Sun JunIn this article, Hannah Muralla of EntrepreNEWS, shares the tips in Starting your own Restaurant Business given by Pam Obieta, chair of the De La Salle-College of St. Benilde's School of Hotel, Restaurant and Institution Management.
1. Learn the essentials.
Before investing in your own restaurant, you might want to gain industry experience first and apprentice with a mentor or a known establishment.
2. Create a name and build on trust.
Work from the bottom up. Leave your mark in the industry and establish a good track record. Mall operators usually lease out prime locations to those who have a strong customer base.
3. Location, location, location.
Location is very important. Study the area from the weather to the economic conditions.
4. Streamline Operations.
Concentrate on your core products and competencies. Identify areas where you can reduce costs. Consider outsourcing if it proves to be more cost-effective.
5. Consolidate functions.
If you have several branches, consider building a commissary to free up space in your branches and to consolidate the kitchen functions.
6. Focus on health and safety.
7. Use technology.
Invest in a good POS system to track inventory and customer information. Use it as a marketing tool.
8. Treat your employees well.
9. Be one step ahead of competitors.
10. Have a Corporate Social Responsibility program.
Show that you are sincere about helping out. Consider going "green" and help out the environment.
Read the full article here.
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