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Mr. Anthony Mamon owns a food eatery business in Koronadal City that he started one year ago. He obtained a Bachelor's degree in Elementary Education with a major in Mathematics from Notre Dame of Marbel University. Before starting his business, his first idea was a candy factory in Sto. Nino, but it was unsuccessful due to lack of time and management. He learned from this experience the importance of time and effort for a business. A coworker inspired him to start his own business. His current business began by chance when his wife found a good location to rent. It has faced challenges with finances, employees, and competition. As an entrepreneur, Mamon advises future business owners to be financially ready,
Mr. Anthony Mamon owns a food eatery business in Koronadal City that he started one year ago. He obtained a Bachelor's degree in Elementary Education with a major in Mathematics from Notre Dame of Marbel University. Before starting his business, his first idea was a candy factory in Sto. Nino, but it was unsuccessful due to lack of time and management. He learned from this experience the importance of time and effort for a business. A coworker inspired him to start his own business. His current business began by chance when his wife found a good location to rent. It has faced challenges with finances, employees, and competition. As an entrepreneur, Mamon advises future business owners to be financially ready,
Mr. Anthony Mamon owns a food eatery business in Koronadal City that he started one year ago. He obtained a Bachelor's degree in Elementary Education with a major in Mathematics from Notre Dame of Marbel University. Before starting his business, his first idea was a candy factory in Sto. Nino, but it was unsuccessful due to lack of time and management. He learned from this experience the importance of time and effort for a business. A coworker inspired him to start his own business. His current business began by chance when his wife found a good location to rent. It has faced challenges with finances, employees, and competition. As an entrepreneur, Mamon advises future business owners to be financially ready,
AGE: 46 Status: Married Highest Educational Attainment: Bachelor of Elementary Education Major In Mathematics Last School Attended: Notre Dame of Marbel University
Business Name: Food Eatery Business Address: Pantua Street, Koronadal City No. of years Business existing: 1 year Branches (If any): Notre Dame of Marbel University Canteen (Near CBA office) Branches Address: Alunan Avenue, Koronadal City
Part II: Before the business started 1. When you were a kid what did you want to be when you grew up? Of course as a human and as a kid I wanted to finish my studies and be graduated in college. To help my mother and father, to earn money in able to finance myself and my future family and of course to be able to finance a capital to start my own dream business because my parents was involved in business from then on. 2. What was your first business idea and what did you do with it? My first business idea was a Candy Factory in Sto. Nino. We make chicharon, bukayo, banana cracker and many delicacies. It was not successful because I became busy in many things and I have no time controlling and attending the business and I was employed in a public school and got no time for the business. 3. What do you wish you knew before you started your first business? I wish I knew before I started my first business that time and effort is very important if you have your own business. I wish I also knew that I must not totally trust someone to manage my business. 4. What did you learn from the worst boss you ever had? (if any) Not applicable. 5. Was there something/someone from our previous employment that inspired you to put up your own business? Yes. He is my co-worker in Sto. Nino elementary school, inspire me to put up my own business for he was a business man and putting up a business is a big help for someone like me. He also said that putting up a business can make your money productive if you put so much effort on it.
Part III: The Business Started 1. How did your business started? It was by chance, I never dreamed of having this kind of business. My wife was the one who think this and then we look for a perfect place to rent to put up karinderya business. It was also a great opportunity that we got a place in NDMU canteen as our branch. 2. Why did you choose to put up such business? It was really by chance. It just suddenly came as a blessing. 3. How much was your initial capital? My initial capital is P100, 000 for the construction, for the raw materials and other expenses. 4. What are the challenges encountered during the starting point of your business? Financial aspects o I apply for a loan to finance and start my business. I encountered and I was engaged in much debt. Utang dito utang doon kind of system. Marketing aspects o I didnt encounter so much with marketing for I have background knowledge about it when I was in my elementary because my mother taught me about this. Human resource aspects o This aspect really challenged me for there is no security in having employee because I cannot ensure that he/she will lasts for there is no contract. 5. How did you go through with those challenges? I looked for other sources and other ways to overcome these challenges to avoid problems and to have a positive attitude in work place. 6. What are the risks you faced with the business? There are many competitors around, and high staff turnover or loss of a key staff member especially if they have unique skills. And of course financial risk. 7. As a future entrepreneur what can you tell us if we want to put up our own business? Be financially ready, you must put so much effort to it. You must have knowledge in putting up business. You must be ready to fail as an entrepreneur, dont be afraid to fail because failure is a part to become a successful entrepreneur. Do everything to make your dreams into a reality and of course, dont forget to ask God for guidance.
Part IV: Conclusion Therefore we conclude that being an entrepreneur is so hard for you must first have enough capital for such business and especially you must have knowledge in putting up such business. We can also conclude that Mr. Anthony Mamon faced so many risks before he became a better entrepreneur. He worked so hard to earn his daily goals, he take the negativity as a positive aspects of being an entrepreneur.
Part V: Documentation
During our interview with Mr. Anthony Mamon, in his food eatery business.
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