Connect with us

BizWiz

Create value for your biz to succeed – Jico Ambrocio

Jico Ambrocio, founder of Elo Athletics, believes in creating value for your customers. “Understanding how your brand will fit in and provide value in an industry is the key to consistently growing your brand and following.”

Published

on

Elo Athletics – better known as just Elo – was conceptualized around July 2020, and officially launched via Instagram in October of the same year with an investment of around PhP150,000 to cover startup costs and the initial inventory of products.

It was, perhaps, a line of business Jico Ambrocio would eventually enter.

“I’ve been very close to the fitness industry, trying to maintain a healthy lifestyle ever since I was in high school,” he said. “I was an active gym goer before and I pursued weightlifting as my main source of physical activity throughout college and even when I started working.”

Unfortunately, due to the pandemic, Jico was placed in a similar position as many others – i.e. “I couldn’t keep doing it because all the gyms had to temporarily close down.”

Jico tried exercising at home by doing bodyweight exercises such as HIIT, but he said he didn’t enjoy it as much as working out in the gym “maybe because there was always a feeling of isolation and uncertainty during this pandemic, that I couldn’t push myself to perform intense exercises.”

And then he came across Yoga, “and it really changed my perspective on health. Yoga taught me to be mindful of my emotions and to adopt a holistic approach to fitness.”

The newfound love – i.e. Yoga – led to the establishment of Elo Athletics.

“I… felt that the brand can open opportunities to spread the importance of taking care of our well-being, especially our mental health,” Jico said.

LOVING THE INDUSTRY YOU CHOOSE

It helps that Jico studied Business Administration and Accountancy in college, and “it has always been a personal dream to be able to start and grow my own brand. Back then, I thought my first brand would fall under either the food or fashion industry, and not in the industry that Elo is currently a part of.”

All the same, “thinking about it now, I love the industry that I’m in because I know that the products and services we can create will be valued by a lot of people since most of us really value our well-being. My degree helped me make better decisions for the brand but it was my personal experiences that really pushed me to do my best.”

As a new biz, “we haven’t reached ROI yet,” Jico admitted. Nonetheless, “I’m seeing a lot of opportunities for the brand to grow and I’m still personally investing more money in it so we can create better experiences for our customers. I would say that it’s a profitable venture because we are able to generate a healthy volume of sales, but it also requires a lot of patience to see it through until it eventually reaches ROI. Hopefully that happens soon.”

FACING CHALLENGES

There are still challenges.

“One of the main challenges I face is being insecure about the brand and its progress. I’m constantly aware of the actions of competitors and I tend to compare the growth of my brand to theirs — which has negative effects on my confidence, and belief in our products,” Jico admitted. 

However, “I have learned to overcome this feeling by focusing on the things we currently have. I realized that if I start looking inward — looking at positive customer reviews, or how many customers we’ve served, I am able to help myself view these challenges positively and constructively.”

On the business side, delivery and logistics are also challenging the running of the business. 

“I have to ensure that the products arrive to customers on time and in their best state. This means that I would also put a lot of effort into tracking the status of deliveries and communicating with customers, and consistently working with our couriers and partners to make sure that the delivery process is good,” Jico said.

But Jico is confident Elo will eventually carve its name in this industry.

JUST START

And for people who may want to also open their business, what tips can Jico give?

“Don’t be afraid to start! The fact that we have to invest money in a business means that we have a tendency to make sure that everything is perfect before launching — because no one wants their money to go to waste. However, the act of actually launching your product/service and getting it out there will really help you create better products/services for the people you cater to. Start with something small, listen to your customers, innovate and improve, and things will get better,” he said.

It helps to do initial research about the industry: the product, the prospective customers, competitors, etc. “Understanding how your brand will fit in and provide value in an industry is the key to consistently growing your brand and following,” Jico ended.

For more information or to order, head to IG: @elo.athletics, or Facebook.

BizWiz

How one former OFW finds hope as a TPC and Smart load reseller

Telepreneur Corp. or TPC is a leading direct selling company of network load. Smart Communications, Inc. (Smart) continues to strengthen its partnership with TPC through Muenchen by providing livelihood opportunities, training sessions, and supporting other activities of load resellers or retailers.

Published

on

Overseas Filipinos sacrifice a lot the moment they decide to leave the Philippines to work abroad, and even when they return home and search again for livelihood. Just like in the case of 33-year-old Estrellita Evale, a former domestic helper who worked in the Middle East for three years, before coming back home for good.

Evale could not help but shed a few tears as she recalled her experience working abroad, away from her loved ones. “I always wanted to go home because I missed my family,” she shared.

Upon choosing to come home to stay, she arrived to find that pandemic-related restrictions were still in place, making it a challenge for Evale to find a way to earn a living. By some stroke of fate, a friend introduced her to the reloading business of TPC.

“I invested my own money to become a load retailer. I was manning the canteen of my sister, and I observed that a lot of people were looking for Smart or TNT load, that’s why I took that opportunity,” she said.

Telepreneur Corp. or TPC is a leading direct selling company of network load. Smart Communications, Inc. (Smart) continues to strengthen its partnership with TPC through Muenchen by providing livelihood opportunities, training sessions, and supporting other activities of load resellers or retailers.

Aside from her loading business, Evale also hustles on the side to make a living. But her loading business helps to pay part of her rent, electric bills, and daily necessities.

Because of her perseverance, Evale eventually became a top load dealer under TPC. And earlier this year, Evale also won a motorbike during a TPC event supported by Smart, which she sent to her family to help in their transportation needs in the province.

“Our partnership with TPC and Muenchen has enabled us not only to improve customer experience by making load accessible, but also to help provide sustainable livelihood to many Filipinos,” said Chito M. Franco, Consumer Sales VP and Head of Key Accounts at PLDT and Smart.

PLDT and Smart’s partnership with organizations like Muenchen and TPC supports the PLDT group’s continuing contribution to the United Nations SDGs, particularly SDG 1: No Poverty and SDG 8: Decent Work and Economic Growth. It is also aligned with the PLDT group’s broader goal to promote technologies that can help boost livelihood opportunities among Filipinos, leaving no one behind.

Continue Reading

BizWiz

Micro-entrepreneur ‘hybrid-sells’ with the help of fiber broadband connection

Rogelia Dasco, a Cebu-based homemaker who buys and sells imported goods from the US, does her trade mostly online.

Published

on

The post-pandemic environment demands flexibility and adaptability from everyone but most especially entrepreneurs who are slowly recovering from the pandemic slump. One online Facebook seller is employing her business acumen not just in the virtual marketplace but in real life, as she does “hybrid selling” of her consumer goods.

Rogelia Dasco, a Cebu-based homemaker who buys and sells imported goods from the US, does her trade mostly online.

“The items, like lotions and perfumes, are from the US. My sister sends them, I take a picture of them, and I post them on Facebook Marketplace,” she shares.

However, unlike most online sellers, she doesn’t stop in the virtual world; When she gets to her buyer’s address, she then goes house to house in the community. The strategy pays off – she is able to sell out her goods in one afternoon instead of waiting for online sellers to finish off her inventory.

“When someone buys from me, for example, I go to their house but I bring my other items too. After I deliver to the buyer, I go to the neighbors and offer my other goods. Right now, I’m all sold out. The next shipment will come at the end of the month,” Dasco proudly says.

Supporting this diligent hybrid approach is BIDA fiber, the new mass market offering of Converge targeting the lower C and D income classes.

BIDA fiber is the most affordable postpaid broadband plan in the market today, and the cost savings makes a difference for smaller entrepreneurs.

“It’s so affordable and I’m able to save too. My old plan was priced at P 1,299 with an additional P 200 every month so that’s P 1,499. With BIDA, I’m able to save more than P 500,” said Rogelia Dasco.

The reliable connection – that can go up to 35 Mbps – also makes sure Rogelia keeps her ties with her supplier sister strong as every night they call each other through video. Even with a 3-hour video call, her husband watching YouTube videos, and her son playing Mobile Legends with friends at home, Rogelia’s connection never falters.

“I’ve really maximized my connection. It’s really good, even if we all use the internet at the same time,” she added. BIDA fiber is now available in more than 300 cities and municipalities in the Philippines and has more than 40 partner distributors selling the postpaid plan.

Continue Reading

BizWiz

How FullSuite founder Maggie Po built a startup stronghold in the heart of Baguio

There are visionaries who dare to break the mold and create thriving businesses in unexpected locales.

Published

on

In the agile world of entrepreneurship, success stories often emanate from the hustle and grind of metropolitan hubs. In the Philippines, it’s not wrong to assume that these metropolitan hubs are at the heart of either Manila, Makati, or BGC. After all, these business districts are home to some of the country’s biggest conglomerates and multinational companies.

However, there are visionaries who dare to break the mold and create thriving businesses in unexpected locales.

One such trailblazer is Maggie Po, Founder and Chief Strategy Officer of FullSuite, a company that has not only carved a niche for itself but also become a catalyst for change in the heart of Baguio. Po’s journey from startup to scale-up is not just about business expansion; it’s about transforming a city, nurturing careers, and redefining the startup landscape.

Baguio as the Next Business District

The story began nine years ago when Maggie Po, fresh off her first M&A for a Silicon Valley startup, embarked on a remarkable journey. Armed with the lessons she had learned along the way, she envisioned a company that would provide startups with a simpler and more stable alternative for their back-office operations, particularly in finance.

This vision became FullSuite, a David amidst the Goliaths of heavily funded BPOs that dominated urban landscapes.

While many associate Baguio with its scenic landscapes and cool climate, Maggie Po saw beyond the surface. The choice to establish FullSuite in Baguio was driven not only by operational considerations but also personal ones. Po’s daughter was already living in Baguio, and upon closer inspection, she identified a treasure trove of untapped talent. The scarcity of global-centric companies in the area meant that the local talent pool remained largely undiscovered. This realization led to the establishment of FullSuite in Baguio, a city with abundant raw potential waiting to be harnessed.

Empowering Startups with FullSuite

FullSuite’s success story is intertwined with its commitment to nurturing startups and helping them scale seamlessly. Offering a diverse array of 27 services, FullSuite focuses on three core areas: operations, finance, and administrative support.

Recognizing that many startups face operational challenges during periods of rapid growth, FullSuite steps in as a strategic partner, allowing startups to focus on product development, tech innovation, and revenue generation.

While startup entrepreneurs and leaders are hyperfocused on the big thinking plans of their companies, FullSuite takes care of the backend work that needs to be done. Operations, finance, and administrative support are all necessary cornerstones that ensure businesses can run on a daily basis. But these support work often takes too much time and manpower that may divert from more important strategic plans and decisions for entrepreneurs.

“We are not in the EOR business nor are we on the management advisory side; we like being involved and our partner clients see a clear value on being able to have a partner six thousand or so miles away that really cares about what they do and where they are going. We offer these growth startups a simple, headache-free alternative to growing and scaling their operations team so they can retain laser focus attention to their product & tech development and revenue generation,” Po explained.

The Path to Building a Baguio Stronghold

Maggie Po’s journey with FullSuite has been a lesson in perseverance and innovation. FullSuite’s evolution was marked by continuous iteration, refining its approach to bring value to both partner clients and Suitelifers (employees). The lesson of being a launchpad, rather than a competitor poacher, shaped the company’s ethos. FullSuite focuses on nurturing its talent, fostering a culture where employees thrive and envision a bigger version of themselves.

But the path to establishing a startup stronghold in Baguio wasn’t without its challenges. Logistical constraints, cultural differences, and the evolving remote work landscape posed hurdles. Yet, FullSuite persevered, finding innovative solutions and maintaining a dedicated office-based setup. The company’s unique culture thrives on physical presence, fostering camaraderie, collaboration, and professional growth.

As FullSuite continues to grow, its future holds immense promise. The company envisions itself as the top operational concierge for growth startups while serving as a springboard for professional careers. FullSuite’s impact extends beyond business; it aims to establish Baguio as a hub for career growth, enabling young talents to start and evolve their professional journeys.

To aspiring entrepreneurs seeking non-traditional startup locations, Maggie Po’s advice is clear: embrace uncertainty, harness the environment, and develop an antifragile mindset. For fresh graduates, Po’s wisdom emphasizes being anti-fragile.

“Success is not something you achieve on your own free will.  The environment matters; the support matters; the timing matters. And if these all do not yield to your favor, it pays to be antifragile. Develop a mindset that embraces uncertainty, volatility and randomness as opportunities for growth and improvement,” Po said. “Here at Fullsuite, we train talents to become anti-fragile, to benefit from disorder. This way, when it is time for them to leave the corners of FullSuite, they bring with them the learnings and training they have been exposed to in all their years of being with us.”

In a world where startup success stories often emerge from well-trodden paths, FullSuite’s journey stands as a testament to innovation, resilience, and the transformative power of vision. From startup to scale-up, FullSuite’s story echoes the potential for greatness in unexpected places, challenging conventions and building stronger communities along the way.

Continue Reading
Advertisement
Advertisement

Like us on Facebook

Trending