A by cathy.

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I am Cathy. I am a Certified Public Accountant and a business consultant for years. I want to share my expertise thru this blog which is intended to help people who are planning or who are already in business. The topics range from Accounting for Small Business, Cash Management, Inventory Management, Assets Management and Financing. The terminologies will be simplified for laymen and business jargons will be explained for clarity.

Tuesday, July 11, 2006

Ogie Alcasid 's recipe for sucess for his foodcart business

Ogie Alcasid's advice to celebrities planning to go into business:

1. Be passionate in what you do. You must believe in your product. "When I eat our hotdog or sausage, I honestly say to myself, Wow! This is good! I really like this!"

2. Surround yourself with people you can trust. The best way to run a business is to manage it yourself, but if you can't, have someone with who's trustworthy and dependable.

3. Set the example. "Kung alam ng mga tauhan mo na 'yung may ari really cares about the business, everybody will care about the business too."

4. Take care of your customers. Serve them well and listen to what they say.

5. Be flexible with your system. Each branch has its own culture, so you have to adapt your system to it. A long as it works in a particular location and it's efficient, do it.

5. Don't take the downside of the business too seriously. There will be days when you feel, "Ano ba 'to? Bakit ganito, ang daming problema?" A little rain must fall every so often. Cheer up!

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