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Business Ideas

Starting With Only Php100K, College Couple Grows Farron Café to 235 Kiosks Nationwide

Farwa and Ronnel Hombre found a niche serving delicious but affordable coffee to students

Married couple Farwa and Ronnel Hombre were still dating in college when they started the business in the University Belt area in ManilaWith their busy schedules and late-night activities, academic or otherwise, college students have become a big market for different kinds ...

by Elyssa Christine Lopez  | July 26, 2018 11:00:00
News and Events

In Which Regions and Cities Do Food and Accommodation Businesses Earn the Most?

Average gross profit per establishment ranges from Php1.5 million to Php15 million

Food and accommodation establishments in the Philippines earned an average gross profit (income less expenses) of Php9.6 million in 2015, according to the Philippine Statistics Authority (PSA).But restaurant, bar and hotel owners as well as caterers in Metro Manila earn more compared ...

by Pauline Macaraeg  | September 05, 2017 10:00:00
News and Events

How Much Money are Restaurants, Bars and Caterers Making on Average?

Before putting one up, take a look at the latest numbers from the Philippine Statistics Authority

Each year, the Philippine Statistics Authority (PSA) conducts the Annual Survey of Philippine Business and Industry (ASPBI), which gathers data on close to 40,000 formal business establishments that employ at least 10 workers in the country. The latest survey, which includes 18 ...

by Pauline Macaraeg  | August 24, 2017 04:00:00
Run & Grow

The Coffee Shop That Posted That 'Clever' Sign Isn't Clever At All

Making fun of your customers is bad business

A coffee shop in Roanoke, Va., put a "clever" sign outside that said:"Small coffee" - $5"Small coffee, please" - $3"Hello, one small coffee please" - $1.75The sign went viral. News stations reported on it. Redditors rejoiced. Bloggers and tweeters gushed."It might be ...

by Gene Marks  | June 22, 2017 12:00:00
Business Ideas

How A Coffee Equipment Importer is Earning Php100 Million in Sales

Leo de Leon built a market for his pricey coffeemaking machines as more Pinoys appreciate good coffee

These days, even a small community mall in second or third-tier Philippine cities would not be complete without a coffee shop or two. In giant shopping centers, it’s not surprising to find three branches of one coffee chain alone.Powerful shifts in consumer ...

by Elyssa Christine Lopez  | May 24, 2017 02:00:00
Startup Tips

5 Lessons in Entrepreneurship From Starbucks and Philz Coffee

These two coffee brands found success by emphasizing customer experience and creating a genuine message

t wakes us up in the morning. Brings friends together. It's even become its own subculture and a billion-dollar business.I’m talking about coffee.Once thought of as a West-Coast indulgence, coffee brands have changed our taste in beverages, shifted our culture and succeeded commercially.Let’s learn what two pioneering coffee brands, Starbucks and ...

by Shayna Smilovitz  | February 21, 2017 12:00:00
Business Ideas

Want to Open a Coffee Shop? Keep These Owners' Tips in Mind

You can cash in on caffeine addictions -- if you're savvy

The retail value of the U.S. coffee market is alluring-around $48 billion. But at $3 a cup, cashing in on our collective caffeine addiction isn't always a given. Savvy experts share what they've learned. "Don’t forget the internet!," says Lehman. "There are many tools ...

by Ashlea Halpern  | December 25, 2016 12:00:00
Run & Grow

5 business lessons from Bo's Coffee founder Steve Benitez

The high-impact entrepreneur shares the importance of carving out a niche and transforming yourself

In an industry filled with large international franchises, Bo’s Coffee stands out by serving locally crafted brews. For the past 20 years, founder Steve Benitez has built his brand up from a coffee cart in Cebu to a network of 100 stores ...

by Entrepreneur Staff  | December 14, 2016 10:00:00
Run & Grow

Bo’s Coffee: Ready for Hypergrowth

Leading Philippine specialty coffee shop chain eyes opening 25 branches a year up to 2020 compared to just 5 a year in past 2 decades

Bo's Coffee founder Steve Benitez is preparing his company for a rapid expansionLike a young adult on a wild caffeine boost, Bo's Coffee's expansion drive -- the picture of sure and steady all these years -- is about to go hyper.Steve Benitez, ...

by Entrepreneur Staff  | December 12, 2016 01:00:00
Run & Grow

Financial Adviser: To buy or lease a property?

It all depends on how you see your business will perform in the future.

Q: I have startup coffee shop that is doing well. I’m planning to expand by adding another branch this year. Recently, I have found a property that can be a good site for my expansion. The landlord told me that I can offer ...

by Henry Ong  | April 19, 2016 09:00:00
Run & Grow

How homegrown Bo's Coffee competes with Starbucks

The strategy of delivering a distinctly Filipino coffee experience works wonders for this Cebu-based coffee chain led by Steve Benitez.

Steve Benitez felt threatened when he heard Starbucks was setting up shop in the Philippines.Sure, Bo’s Coffee had a bit of a head start against the Seattle-based global chain when it opened here in 1997: Bo’s was already in Cebu when Starbucks ...

by Maricris Carlos  | April 03, 2016 11:00:00
News and Events

Starbucks to open stores in Italy

So how exactly will an Italian order a venti coffee?

So how exactly will an Italian order a venti coffee? Seattle-based Starbucks has announced on February 28 that it would be opening locations in Italy as soon as 2017. Confirmed as Starbucks’ Italian licensee, Percassi will own and operate the stores, beginning with the first ...

by Lindsay Friedman  | March 02, 2016 07:00:00
Startup Tips

5 alternative locations to get work done when you need to escape the office

Get away from the four corners of your office (and still get things done).

Being an entrepreneur can mean long days at the office sitting behind your desk. This can contribute to mental stress, and sitting for long periods of time just isn't good for your health.The solution? Get out of the office once in a ...

by Thomas Smale  | May 08, 2015 07:15:00
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