To “share in promoting entrepreneurship” — this is the declared purpose of the Association of Filipino Franchisers, Inc. (AFFI) in launching the book “Introduction to ENTREPRENEURSHIP: Success Stories of Filipino Entrepreneurs” (Anvil Publishing [2007], 184 pages). Each story of the 15 successful and inspiring entrepreneurs featured in the book is unique, but there are certain trends, including the following:
Not everyone is meant to become an entrepreneur. No one among the 15 featured entrepreneurs disagree that Filipinos have the entrepreneurial capacity, except that entrepreneurship is not for everyone. It’s for risk-takers and those who are capable of performing under extreme pressure.
Source of credit is important. The common thread among the 15 entrepreneurs is the need for more credit facilities for Pinoy Entrepreneurs. The problem, however, is that you need a good track record to secure more credit. In other words, those who are just starting would have a hard time securing credit, while those who’ve made it are most likely to gain better access to, and better terms of, money through credit.
Being employed doesn’t mean you can’t be an entrepeneur. We had a discussion on the differences between an entrepreneur and an employee, and some would have the idea that one precludes the other. However, almost all of the featured 15 successful entrepreneurs worked as employees before venturing into a particular business, in order to gain capital, exposure, experience, network and a host of other factors.
Hard work, perseverance and sacrifice. There’s no question that a budding Pinoy Entrepreneur must be hardworking. A successful entrepreneur, however, goes the extra mile and puts in a lot of sacrifice. He/She doesn’t give up easily. There’s no other way of doing it right.
The 15 members of AFFI whose success stories are discussed in the book are the following:
Carson Tan (Aquabest)
Rommel Jun (Binalot)
Jerry Erquiza and Ding Hernandez (Bugong Roast Chicken)
Erli Lapid-Dioquino and BardsLapid-Montanido (Chicharific)
Pacita “Chit” Juan (Figaro Coffee Company)
Ricardo “Richie”Cuna (Fiorgelato)
Armando “Butz” Bartolome (GMB Franchise Developers)
Teresa “Tiks” Dula-Laurel (Goto King)
Melchor Flores (Kiss King of Balls)
Teresita Ngan Tian (Lots’A Pizza, Inc.)
Edison and Tina Mariano (Pick and Mix)
Kamela Crisologo-Seen (Plato Wraps)
Wool and Champ Reyes (Royal Caribbean Jamaican Patties)
Rowena Matti (Sacred Heart School)
Paulo Tibig (Vintel Logistics, Inc.)
The AFFI is “a non-stock, non-profit national organization of Filipino entrepreneurs and businessmen, duly registered with the Securities and Exchange Commission. It was formed in 1997 by a pioneering group of men and women who recognized the potential for business expansion through franchising, although being a franchisor or franchisee is not a requirement to be a member of the AFFI.
Related posts:
- How do you determine Who are Pinoy Entrepreneurs?
- NeGOsyo: Joey Concepcion’s 50 Inspiring Entrepreneurial Stories
- Inspiring Stories of the Pinoy Entrepreneurs Community
- John L. Gokongwei, Jr. – The Path of Entrepreneurship (Marites A. Khanser)
- Outliers: The Story of Success (Malcolm Gladwell)
- The 10th Filipino Franchise Show, Franchising Expo & Business Opportunity 2011
- Pinoy Entrepreneurs All
April 22nd, 2010 at 5:29 pm
[...] More recently, the Association of Filipino Franchisers, Inc. (AFFI) launched the “Introduction to Entrepreneurship: Success Stories of Filipino Stories,” which contains the success stories and lessons of 15 entrepreneurs (this will be the [...]
July 28th, 2010 at 4:42 pm
[...] defined as one who starts his own, new and small business.” For instance, the book “Introduction to ENTREPRENEURSHIP: Success Stories of Filipino Entrepreneurs”, notes in its preface that the “SME sector has become the backbone of the Philippine economy, [...]
August 12th, 2011 at 2:51 am
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November 10th, 2011 at 8:52 pm
more and more filipino entrepreneurs are on their rise. This means that the Philippines is good market for investment. I will not be surprised if people, most especially, foreign investors will fork out money and build a business in our nation. kudos Filipino entrepreneurs.
January 28th, 2012 at 10:47 pm
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