Barbecue Business Heating Up!

Barbecue Business Soft Launch Findings

In the previous article, I talked about the first soft launch day of our re-opened barbecue business. Take note that the soft launch started February 23rd, Thursday. We planned on doing 3 soft launch days then collect our data, then officially open February 27.

The Barbecue Business Plan Went Great!

Our soft launch was excellent! For 3 days, we roughly calculated a total of 700PHP net income. That’s a great weekend if you ask me. I believe it is just a fluke though. People might just have missed our skewers and with the hype, bought a lot more than usual. Our 3 days of sale are mostly sell outs, with very little stocks left.

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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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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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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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