Managing multiple side businesses
These couple is managing two side businesses
Dec 26, 2010 10:00 am
It takes two to tango, but for couple Jojo and Joweeh Liao, they opted to run two side businesses.
Jojo handles technology and research development for Hand Interactive, a mobile content provider and a part of the Summit Media Group (which publishes Entrepreneur Philippines). Joweeh is a senior manager for financial planning at Del Monte Philippines.
In their spare time, Jojo focuses on Banan Hauling Services, a trucking company based in Cebu, while Joweeh is in charge of Heatwave Shoes, a retail-chain franchise from Singapore. [See 29 sidelines businesses worth venturing into here]
The Liaos, who invested P400,000 to launch Banan and up to P4 million to bring Heatwave to the Philippines, think that having a sideline gave them more “opportunities to grow and learn.” It has also allowed them to expand their limits.
“When you think it’s the breaking point, it usually is not,” Joweeh says.
With all the hard work they put into being employees and entrepreneurs, it may be easy to conclude that the Liaos are looking to earn a lot so they can retire early. But the couple warns against such thinking. “Don’t start a business thinking that this is the way out of your day job. You will lose focus on both,” Jojo advises. [See four reminders to be an effective one-man company here]
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