In their RCBC Boz Sessions, a video series featuring Filipino entrepreneurs, Rissa Mananquil-Trillo, co-founder of skincare and makeup brand Happy Skin, and Cy Ynares of online bakeshop The Bald Baker shared how they were able to shake off their jitters and anxieties about managing their business when they were starting out.
Trillo left Happy Skin in October 2021, but she will always be proud of how the brand paved the way for other local brands to enter the beauty market. “I think that it will always be remembered as the homegrown brand that opened doors for both entrepreneurs and consumers to embrace loving local,” she said. Here are more tips Trillo and Ynares offered during their RCBC Boz Sessions on how aspiring entrepreneurs can overcome their fears.
Trillo’s advice? “Don’t wait to grow the team only when you feel too busy. Perhaps while waiting too long, you would’ve saved money, but you would’ve also slowed down the growth of your company.” Trillo believes running a successful business is about optimizing, outsourcing, and automating whatever you can. It’s very possible to spend all your time doing things that aren’t actually leading to growth of your company.”
To help them manage their funds more efficiently, the app provides an overall financial view of their business performance. By doing so, owners may set their financial targets via the Business Goals function. The app empowers users to not only accept payments but disburse funds instantly to other local banks. It comes with a payroll feature that can facilitate payouts to employees with different bank accounts or e-wallets.
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