JERU F.

CARIÑO
ABM

Edgar Sia – Mang Inasal

Hailing from Iloilo City, Edgar Sia

dropped out of college to pursue his
own laundry and photo-developing
business at the age of 19. In 2003, 26-
year old Sia decided to open the
barbecue fast food restaurant Mang
Inasal—Ilonggo for “Mr. Barbecue.” Tony Tan Caktiong – Jollibee
The first branch was built at a mall
parking lot in his home city. Tony Tan Caktiong used to operate an
ice cream parlor, before converting it
The restaurant took off. When Tony into a fast food restaurant called
Caktiong heard about Sia’s Jollibee. With a starting capital of
burgeoning business, he decided to P350,000, the young Caktiong opened
buy Mang Inasal for a total of P5 two branches in Cubao and Quiapo,
billion. Sia eventually put the sales of together with friends who supported
Mang Inasal to other investments like his idea.
banking and healthcare. At 42, he’s
considered the country’s youngest Caktiong decided to serve hamburgers,

billionaire. fried chicken, and spaghetti to

customers when they started looking
beyond the usual ice cream.
Eventually, the business grew, and he
had to hire more employees. By
knowing the Filipino market, Jollibee
managed to excel as a fast food
powerhouse.

retrievedfrom:https://www.google.com/amp/s/business.inquirer.net/2734
45/eight-successful-filipino-entrepreneurs-who-started-small/amp