Sometimes, a buyout spells small-business success, say these two successful entrepreneursIt all begins with an idea. You have one, two, maybe a few you think are worth pursuing. It’s something novel. The next big thing in the industry. Something that fulfills a need you may have had a hard time satisfying.
“We found out that the ad was actually for a supermarket located somewhere else,” says Teresita Moran. While we were talking to the owner of the building, my mother made a decision to take the space instead. She signed and gave a downpayment then and there. That was how much she believed in me.”, which she did to her mother’s friends. “I was just out of college at the time so my friends would not have the spending power. My first customers were my titas,” she grins.
“I remember, during Christmas time, when the delivery truck arrived, bumubusina pa lang siya, pumipila na ang mga tao.” Soon after, they expanded to several locations and started“I felt that franchising was the way to grow,” says Teresita Moran. By the time we sold to Jollibee, we had 140 branches in the Philippines, with Red Ribbon present all the way in the U.S. with 20 branches.”
All the while, the company was franchising their branches and learning the ropes as they went along. “I felt that franchising was the way to grow. By the time we sold to Jollibee, we had 140 branches in the Philippines, with Red Ribbon present all the way in the U.S. with 20 branches.”Now, there are 19 Cara Mia and Amici branches in total and they are beginning to offer franchising as well. “When we started franchising Red Ribbon, we chose the people we partnered with.
As the president and CEO of iFoods, Tiu has several restaurant concepts in his portfolio. His venture into food started when he was a cocky college kid—and for a reason that is hilariously epic.