HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm
ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  •  
    Wrapped up
    ROMMEL JUAN WENT INTO BUSINESS JUST FOR FUN…UNTIL HE FOUND SUCCESS WITH BINALOT
     
    By Antonette C. Reyes
     

    Having fun and making money are two things that Rommel Juan can mix quite easily.

    Even during his college years, he was able to cash in on his fun ideas to make a quick buck. So when he opened Binalot and called it the “pambansang tsibugan,” he knew people would come in to sample the food and bask in its humor.

    Binalot started as a food delivery service in 1996, when Juan, then 24 years old, decided to embark on the business “for fun” and “because I had extra time in my hands.” Until then, he was involved in the family’s automotive business, handling sales and marketing.

    The decision to go into business was not surprising. Juan comes from an entrepreneurial family, “where we discuss business each waking moment.” Pacita Juan, the genius behind the Figaro coffee chain, is an aunt. Even when he was in grade four, he was peddling stickers to his classmates.

    He was, however, not really money-savvy. In fact, he was a mere “agent” of his brothers, who financed the sticker business, and who could only scratch their heads when Juan’s collections would fall short of sales.

    “Money didn’t turn me on. I did those things for the interaction with people. I didn’t even know how to count change,” he recalled.

    Juan says he set up Binalot “as a creative outlet.”  He was into cartoons, comic books and always did the flyers and ads of their family business. “I’m really corny. I say things like ‘what’s wrong, polo barong?’ ‘What’s the matter, peanut butter?’ Binalot is really an extension of me,” he says.

    Juan confesses that he didn’t know much about the food business when he started Binalot in 1996.  He didn’t know how to cook, and had to ask the help of a family friend, Aileen Anastacio, in creating the dishes. Initially, Binalot was limited to food deliveries. “Ako mismo ang naglalako,” he recalls.

     

    Ups and downs

    Business was good. Then the Asian crisis struck, and the next thing he knew, his sukis in the offices were all gone as many companies closed down. He was already mulling closing down the business, when, in an act of divine intervention, Shangri-La Plaza offered him a space in its food court.

    Though unsure of its prospects, Juan grabbed the opportunity. “I said this is make or break for me, but I won’t fall in love with the idea [of the business].  If it wouldn’t take off, then I would not hesitate to just close down the entire thing,” he explains.

    Binalot’s opening-day performance decided the company’s fate. “On the first day, there was the longest line I have ever seen,” he recalls. It was obvious. “This was our second lease on life.”

    Binalot’s offerings of rice topped with Filipino favorites, served with achara (pickled papaya), tomatoes and salted eggs, all wrapped in banana leaves, became an instant hit with the lunch crowd who obviously have had enough of burgers and spaghetti. Binalot’s menu consisted of tried and true Pinoy favorites such as adobo, tapa, bangus, bistek, tocino and longganisa.  Its humorous names—bistek walastik and adobonanza—also became a hit with the crowd.

    Encouraged by his initial success, Juan opened more Binalot outlets in mall food courts. Unlike the food delivery business, he says, “sales are steadier in retail, and it is much more easier to plan for.”

    As business grew, he explored new business possibilities. “When we reached six stores, I realized that we actually had a brand,” he says.

    However, he also recognized that his responsibilities were mounting. “I realized, marami na tao ko, hindi na laro ito. This boy playing has lives depending on him,” he adds.

    To better take stock of things, he took up Masters in Entrepreneurship at the Asian Institute of Management. This allowed him to have “a bigger outlook.” For the first time, he “saw the forest” which was just as well, because as he himself declares, “I am all about branding.”

    Following this, Juan ventured into franchising. First, he had to make sure that the business was replicable and that its systems were robust enough to be transplanted elsewhere.

    In 2003, Binalot opened its first franchise outlet in Intramuros. This step, he said, was pivotal to Binalot’s growth. The franchise route allowed Binalot “to grow exponentially.” Today, Binalot has 30 outlets and Juan is confident it would surpass 40 outlets within the year.

     

    People management

    Juan says Binalot’s success is rooted in the efforts of its people. “I keep it enjoyable for all our people,” he says, not hesitating to ask them “are you still having fun?” during their one-on-one performance reviews. He likewise makes sure that his people are empowered so they become more accountable for their actions.

    Binalot is heavily invested in training its people. At the same time, it makes sure it treats its people well and pays the minimum wage. Juan admits that “people management is the hardest part of running a company” and makes sure he is attuned to their needs and thoughts.

    As a result, he is able to count his people as his steady allies. “I bring my people together to help,” he says.

    In fact, Binalot has its own corporate social responsibility (CSR) program, which it calls the Dangal at Hanapbuhay Para sa Nayon (Dahon) program. Under this program, Binalot has commissioned a community from the Southern Tagalog region to provide it with a steady stock of banana leaves. The program has allowed erstwhile idle women to make as much as P200 a day. The Binalot staff derives obvious pride from the knowledge that they are able to help many families.

    Of course, Juan recognizes his role in growing the Binalot brand. “The key success factor was that I loved it. I have the passion for it, which means I never had to work a day in my life,” he says.

    OTHER STORIES

    Wrapped up

    Having fun and making money are two things that Rommel Juan can mix quite easily.

    read more

    Winning: China, India and US economic dominance

    Q: You have written about the reasons to invest in India and China, but you haven’t said whether you think those countries pose a threat to American hegemony in the world economy. Do they? Sahara Chhabra, Dallas

    read more

    China Rising

    HONOLULU—The rapid spread of product development and research in high-technology industries toward the Asia-Pacific Region is accelerating China’s rise as an economic superpower.

    read more

    Why do presidents lie?

    TO understand why presidents lie, following Herbert Spencer’s advice, judgment must first be withheld, for above all men (and women, to be gender-blind), they have different desires, hopes, fears and restraints, although it is a truth from experience that all presidents, no matter how saintly (a wrong term to use on them in the first place), lie.

    read more

    As Capitalist As Ever

    HONG KONG—Tim Freshwater, Asia vice chairman of Goldman Sachs Group Inc., gazes across the Hong Kong skyline from his 68th-floor window toward a rectangular building that houses the barracks of China’s People’s Liberation Army (PLA).

    read more

    How to Zap the Zombie

    A company finds great success with a product or service. Makes loads of cash. Builds a seemingly strong brand. Settles in to a satisfying position of dominance. A couple of years pass and then, out of nowhere, a new player swoops in and gobbles up most of the customers, leaving little but scraps for the once dominant firm.

    read more

    Financial sequel

    Neoclassical finance was just beginning to revolutionize markets when Peter L. Bernstein began writing his landmark text on the subject, Capital Ideas.

    read more

    Winning: Every layer is a bad layer

    Q: We’re constantly being told that hierarchies are bad and we must flatten companies to make them more effective. But don’t companies need some layers in order to organize for success? David Gionet, Toronto

    read more

    GREED IS BACK

    Earlier this year, someone was confident that Hydril Co.’s stock was due to take flight—and very soon. During the two days ended on Friday, February 9, investors purchased options conveying the right, through February 16, to buy more than 160,000 Hydril shares for $90 apiece.

    read more

    What is the color of gold?

    I lost my appetite for shark’s fin soup when I learned how the shark was skinned alive and thrown back into the sea. But not entirely, for it tastes good. Some of the good and precious things in this world—including such wonders as the Pyramids of Egypt and the Hanging Gardens of Babylon—have a cruel history. It seems that civilization is built on blood for the most part. But time and the hunger for precious, wondrous things blurs the history of the process.

    read more

    Toward An Independent, Fair And Fast Justice System

    Adrian Cristobal: The Supreme Court has been in the news lately, principally because in these perilous times, we think of the Supreme Court as “the enemy of political persecution.” We tend to think of the three branches of government—Executive, the Judiciary and the Legislative—as contradictory to each other.

    read more

    Real Leaders Negotiate

    Good leaders are invariably effective negotiators. After all, authority has its limits. Some of the people you lead are smarter, more talented and, in some situations, more powerful than you are. In addition, often you’re called to lead people over whom you have no authority, such as members of commissions, boards and other departments in your organization.

    read more

    Set Up To Fail: Economist Paul Ormerod on strategy and extinction

    In his recent book Why Most Things Fail, theoretical economist Paul Ormerod argues that failure is the defining characteristic of biological, social and economic systems. But Ormerod, a former economic forecaster and now principal of Volterra, the London-based consulting firm he cofounded, doesn’t think that’s a bad thing.

    read more

    Tubbataha dreaming

    My initiation to Tubbataha Reefs Natural Park started with a back-roll, one day in May, into Jessie Beazley Reef. The first sharks of the trip were close enough to make out the white on their tips. Grey reef sharks were on active patrol, too, and we spotted no less than three pregnant sharks, bulging at their sides.

    read more

    The ethics of revolution

    THE death of Elias achieves revolutionary significance the moment society is recognized as a creator of victims in order to execute them. Elias had been condemned even before he was born, and it only remained for society to carry out the death sentence.

    read more

    Down in the Valley

    SAN JOSE—Silicon Valley, says San Jose/Silicon Valley Journal editor Norman Bell, is more of a state of mind than a piece of geography.

    read more

    3 habits that hold leaders back–and how to overcome them

    In my 10 years as a board member of the Peter Drucker Foundation, one of the wisest things I heard him say was, “We spend a lot of time teaching leaders what to do.

    read more

    Help newly hired executives adapt quickly

    The main reason why newly hired outside executives have such an abysmal failure rate (40 percent, according to one study) is poor acculturation: They don’t adapt well to the new company’s ways of doing things. In fact, some three-quarters of 53 senior human-resources managers I surveyed cited poor cultural fit as the driver for onboarding failures.

    read more

    Chip off the old block

    Developing a good work ethic at a young age proved to be beneficial for Intel Technology Philippines managing director Michael Wentling.

    read more

    Help wanted: HK banker soaks Indian call centers in black humor

    Shyam Mehra, 26, is a self-professed loser in New Delhi. When he dons a telephone headset each night, though, he becomes Sam Marcy, a polite troubleshooter for Americans angered by their home appliances.

    read more

    Seeking a sea change

    It was—and still—is considered the country’s southern backdoor, a way out for Filipinos caught in the grip of poverty and conflict, and a way in for Filipinos wanting to free themselves of that grip, through the power of smuggled goods and smuggled ideologies.

    read more

    The rise of confessional politics

    THREE centuries and a decade have changed America’s image of itself, it seems. In 1797, under George Washington, John Adams signed a treaty with Tripoli with the following disclaimer:

    read more

    At Your Service

    ALTHOUGH the Philippines’ tourism industry is now assessed by the United Nations World Tourism Organization (UNWTO) as the best-performing in Asia, the number of local manpower shifting to work in the tourism industry abroad also continues to rise.

    read more

    The Force of the Weak

    In times when the exercise of power tends to exceed the limits laid down by the law, and when the law itself is perceived to be mangled by power, a people, cowed by power, finds its liberty restored by the weakest branch of government: the Judiciary, specifically the Supreme Court.
    read more