Our Ihaw Ihaw Best Sellers

Ihaw Ihaw: The Soft Launch!

Of course there is a soft launch! We’ve been to the business before, and we know we already got quite a few regulars. It is still important though to perform a soft launch to test if our old regulars will come back, and what would the feedback be upon returning.

There will be no accounting, stocks at the minimum, and just basically trying out the business once again.

Checking Our Regulars If They Are Aware

The good thing about this street is that when you have regular customers, once you roll down your stand’s roof and they notice it, they will immediately ask “are you going to open shop?” Of course, it is our soft launch, and people noticed right away.

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A quote from Sun Tzu

Ihaw Ihaw Business: Planning To Build

A few articles ago I mentioned starting from scratch. We already lost a good amount of money experimenting, but we cannot stop. However, coming from the first few tries, we already have a few materials that we could use for the ihaw ihaw business. These include 2 tables, a few food trays, and a small grill that we previously used on our first venture.

By all the months we counted trying to officially start off; we have a good plan on running the business as a whole. Our initial capital for the ihaw ihaw business will be 2,000 Php, but I will provide more if it needs be. We will need to make a full account on all expenditures versus income, so we could see on a weekly basis whether we are gaining money, and we could determine a forecast on monthly and quarterly income.

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excavators!

Business Planning and Uncontrolled Circumstances

It’s January, 2017. The elderly couple – the ones that stood their own barbecue stand in front of our apartment – seem to have stopped selling. That’s good now; we think we will no longer have problems on business planning. Of course, we do not want to directly compete with the couple, we respect them so we do not bug them on when will they leave or will they just stay. It’s been weeks since they last opened, and seem to longer be back. I think opportunity is really giving us our way!

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business plan

Business Plans: The Potential to Work It All on My Own

We received some news. Mom will take a vacation to my aunt in Canada, for 6 months. This is some news indeed; I will be able to plan well with the business without anyone interfering. It’s not to say that my mother loves to interfere. She is great, and I love her. It is just that my tactic in business goes well against to what she has in mind. I believe it is time to go on a full takeover of the whole business instead, and put myself on the helm. That way, no one would say otherwise and push their ideas to what my business plans are overall. And besides, this time around, I will be the one investing on it. Whatever happens to the business, it will be for me to bear.

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Every Peso Counts

Micro Investing Your Business: What Not To Do

This is a very good lesson for all start-ups out there. One thing I learned most through numerous readings of success stories, and the common mistake of Philippine micro-businesses, is that to never mix in micro investing your business to personal finance. As a start-up, indeed, your aspiration is to make your business big that it could already fulfill your dreams. However, to get to that, you should keep in mind that you will not earn money whatsoever, not while you are trying to grow your business.

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