By Margie Quimpo-Espino
Philippine Daily InquirerRaymond, a Bohol-based entrepreneur, was once approached by a top executive of a mobile phone company to become its exclusive distributor. He had to say no.
Why should he say yes when Raymond’s Save ‘n Earn is the largest “One Stop Telecom Chain†in Bohol that carries all three brands—Globe Telecom, Smart Communications Co. Inc., and Sun Cellular.
Its product lines include cellular phones, accessories, prepaid cards, electronic load, dream satellite TV, satellite phones and cell phone repair and services.
Raymond earned a “superior performance†when he graduated from the Asian Institute of Management Master in Entrepreneurship program for innovations he adopted in his business.
“I had been thinking of innovations in 2006 and I needed affirmation of these,†Raymond cites as the reason for joining the ME program.
A major innovation was a program that reduced his inventory of prepaid loads through real-time recording of transactions through a new technology that Save ‘n Earn developed. The program enables Save ‘n Earn dealers to always have the load value customers want to buy. The outlets no longer carry the phone cards. Only the central office does.
Another program he undertook was the hiring of students as part-time workers.
“If Jollibee can get part-time students who are sosyal yet mop the floors and clean the toilets, why can’t I?†he asked.
His rationale was that malls, where some of his outlets are located, have a peak time of only four hours, so the answer to meet this increased demand is to get part-time workers.
A third innovation is the S ‘n E Entrepreneurship program wherein he converts retailers into dealers. He also has a unique program where he provides financing for his contractual employees to become his dealers, thus converting them into micro entrepreneurs.
Today, he has 24 company-owned outlets and 31 franchisees.
Like many entrepreneurs, Raymond did not strike gold during his first attempt at entrepreneurship. After college, he went into the poultry contract-growing business. The company he was supplying to experienced financial difficulties and Raymond lost a lot of money.
Typhoon “Ruping,†which destroyed his farm, did not help.
“I then went into processed meat and table eggs peddling to help my family after our farm was hit by Typhoon Ruping,†he says.
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Topic: Raymond Roldan, Bohol-based Entrepreneur and Save n Earn Owner (Read 2612 times)