Want to find out success stories of entrepreneurs who started their business at age 35 or younger?
Entrepreneur Philippines gives you this compilation of when businessmen realized that they finally hit the jackpot:
1. When we became serious in doing business
“When we decided to learn everything about the business after our supervisor had left. That’s when we realized that except for us, nobody was indispensable. We taught ourselves the ins and outs of the business and we trained our people well. Because of that, our business soared, and our customers feel the difference.”
- Rydda Susan Angeles and husband started the laundry shop business Washmacalit when they were still employees in 2000. She was still with the treasury department of HSBC while her husband was with Glaxo Smith-Kline. [See tips on setting up a part-time business here]
Angeles was only 29 and her husband 34 when they prepared going into business by enrolling in a course on operating a laundry shop at the Technology and Livelihood Research Center and shelled out P500,000 to start the laundry shop. [See five things to consider in putting up a laundry business here]
“Still it was difficult in the first few years because we were both working and relied on a supervisor…to manage the business. It was such as big blow when she resigned because we had become very dependent on her,” Angeles said. [See tips on preparing your staff when their team leader leaves here]
In a matter of two years, the laundry shop grew to seven, and finally in 2003, Angeles and husband left their jobs and managed their business full-time.
“It helped that we were still employed when we started our business. Having a corporate background was an advantage, because you could use the skills acquired as a corporate executive and the network of contacts as your springboard for the business,” Angeles said.
Angeles also credited their excellent customer service in making their business successful. [Learn the value of listening to your customers here]
“We teach our staff to handle the clothes as if it were their own. We also developed good communication lines with them, encouraging them to approach us anytime for suggestion,” she said.
Page 2: Interest andword of mouth