Tony Tan Caktiong

Tony Tan Caktiong known as the CEO of Jollibee® Food Cooperation and this is the
famous food restaurant in the Philippines. When he was 22 years old, Caktiong decided
to spend P350,000 on an frozen dessert shop franchise. He opened Cubao frozen
dessert House and Quiapo frozen dessert House. As their business became more and
more successful, they began to rent more people to assist them manage it. Two years
later, he decided to serve hamburgers, fried chicken, and spaghetti as people began to
inform him that they don’t want to eat frozen dessert all the time. it had been then that
they decided to rebrand and alter their name to “Jollibee” because it represents them as
an organization, and also the folks that they cater to – hardworking and happy.
1.What motivated him/her to become an
entrepreneur?

He was inspired by the worldwide popularity of companies like McDonald’s which

was going to enter the Philippines during that point, but Wendy’s and Burger King
already had a presence within the Philippines. Then He was inspired by a visit to
an frozen dessert plant, he began to achieve his own foothold within the restaurant
business: counting on family savings, he seized a franchising opportunity with Magnolia
Dairy ice cream and opened two ice cream parlors.
2.What are the characteristics and
competencies that made him/her a
successful entrepreneur?
Tony Tan Caktiong the visionary behind every child's nutrition craving, Jollibee shared
that mistake are inevitably a part of the method to attain "big dreams." "If you dream big
and put your dreams into action you inevitably make mistakes. But do not be scared to
create mistakes a bit like anyone else Tony Tan Caktiong has those traits that make him
a good businessman. He possesses time management, discipline, and plenty of other
valuable traits that help him achieve success during this industry.
3.What inspiring story that made him/her
business known to many?
He was age of twenty-two, inspired by a visit to an frozen dessert plant, he began to
realize his own foothold within the restaurant business: looking forward to family
savings, he seized a franchising opportunity with Magnolia Dairy frozen dessert and
opened two frozen dessert parlors Tony Tan Caktiong may be a Chinese national with
pure Chinese descent. Their family is among the Chinese families who visited the
Philippines to search for a greater fortune, and to escape the impoverished life in Fujian
Province in China. Upon arriving here, his father got hired as a chef during a very
Chinese Temple. Being hardworking, his father has been later offered to open his own
restaurant in Davao. Since they're doing not want to lose the prospect, the total family
moved south. Tony, believed that it absolutely was one in every of the turning points of
their life.
 Edgar Sia

The country’s youngest billionaire at 40 years old, Injap Sia is that the man behind one
in all the country’s hottest food chains, Mang Inasal. Yes, it’s now under jollibee Foods
Corporation, but the barbecued chicken they sell came from the mind of Injap Sia,
whose nickname comes from the lineage of his parents: Edgar Sia Sr. is half Chinese or
instik, while his mother Paz is half Japanese. A hard worker even at a young age, the
Iloilo-born Injap was no stranger to doing the legwork just to succeed in your goal. He
took up Architecture at the University of San Agustin in Iloilo City, but would later drop
out at the age of 19 to start out a laundry business and open up his own photo-
developing center. 2003 was the year when Injap came up with the grand idea of
opening up a chicken barbecue fast-food restaurant – a thought that was a small
amount of a novelty at the time. His father, a Filipino-Chinese, gave him a tough time
before eventually giving in.
1.What motivated him/her to become an
entrepreneur?

He originally planned to become an architect but then dropped out of college (the
University of San Agustin in Iloilo City) to focus more on his business, but he strongly
believed that his provincial background having the grassroots knowledge that he
learned on the ground can become his advantage, Then suddenly come up to his mind
that he wants to open a chicken barbeque restaurant at first his father not agree to his
plan but he let Injap Sia borrows money to start a business.
2.What are the characteristics and
competencies that made him/her a
successful entrepreneur?

He is aggressive, but still accurate in his calculations. His deep courage, passion,
determination, sincerity and resourcefulness have helped him revolutionize the
industry in which he chooses to compete and successfully lead and guide his
team towards the goals set. to further hone your business skills as you progress,
gaining valuable experience and learning primarily from your relationships with
the many experienced business tycoons in the country, many of whom end up
becoming your business partners.
3.What inspiring story that made him/her
business known to many?
Edgar "Injap" Sia II changed into born in Iloilo in 1977 and raised in Roxas, Kapiz
province. He is the eldest of 3 brothers. As a Filipino, he's assured that he can examine
and adapt quickly. In 2011, Sia has become the youngest billionaire withinside the
Philippines at the age of 34 after selling his 70% stake in Mang Inasal to Jollibee Foods
Corp.
 Joe Magsaysay

Jose Magsaysay, Jr. is high-satisfactory seemed for being Mr. Potato Corner, having installation
the flavored fries franchise and shepherding its outstanding boom from the onset: Potato Corner
went from one small food cart in 1992 to 70 stores in 1994, as an awful lot as one hundred and
twenty in 1997, and currently at 1, one hundred withinside the Philippines, with hundred stores
overseas. He credit score his achievement to the mentorship of Wendy’s Philippines president,
former Finance Secretary Jose T. Pardo, who advocated him to push through collectively
alongside together along with his flavored fries food concept at the same time as he modified
into working at Wendy’s. His get admission to into the food corporation began out out when, as
a part-time working student, he modified into hired as a janitor at Wendy’s in 1983. Mr.
Magsaysay moreover served as General Manager of Mister Donut in 1999, growing its stores
from 250 to 800 by the time he left in 2001.

1.What motivated him/her to become an

entrepreneur?

JOSE MAGSAYSAY JR. had scant company understanding and enjoy while he
commenced Potato Corner together along with his partners. But via sheer willpower and
tough paintings, he constructed Potato Corner to one of the main manufacturers
withinside the rapid meals enterprise. His first foray into the enterprise commenced after
he dropped out of university to paintings in a hamburger chain to assist his mom with
the family finances. In 1992, his brother-in-regulation cautioned that they begin a
commercial enterprise promoting flavored french fries to make cash at the side. They
quickly opened the primary Potato Corner kiosk in one in all Metro Manila’s largest
malls. This fledgling startup’s first workplace turned into his mom’s residence and their
first submitting cupboard turned into her antique oven.
2.What are the characteristics and
competencies that made him/her a
successful entrepreneur?
Jose Magsaysay is goal-oriented, and has the field to set smaller dreams that he's
going to accomplish in an effort to meet his very last objective. Just like him, I
additionally have my steps nowadays which are set in order that I can attain my desires
withinside the future.Jose Magsaysay is Hard-operating. His involvement in his
enterprise is almost absolute, to the factor that his private time for himself and his ave
to do, like doing faculty works and reviewing for our exams, my time for myself and
cherished ones is compromised. I am operating 100% on anything I am doing.
Moreover, I take delivery of new obligations with out complaint, similar to Jose
Magsaysay, that's the proof of his perception that willpower and cognizance brings
success.
3.What inspiring story that made him/her
business known to many?
Mr. Magsaysay's journey to success began at the bottom of the proverbial ladder. His
career in the food industry began in 1983, when he was hired as a janitor at Wendy's as
a part-time working student. Within a decade, he progressed from management trainee
to member of the company's Board of Directors.