Alden Richards has joined the growing number of celebrities who are involved in the business. Marvin Agustin, Maricar Reyes, Ken Chan and many other celebrities have realized the opportunities they can get when it comes to entrepreneurship.
Always humble, Alden is often private when it comes to disclosing his assets and business. But he owns a McDonald’s franchise in Binan, Laguna, and plans to expand it further, according to an article in GMA. They also have restaurants in Quezon City, Silang, Tagaytay and Binan. His Concha’s Garden Cafe closed during the pandemic, but Alden may reopen it. His newest business venture is Myriad Corporation, an entertainment company that will be participating in the upcoming Eraserheads Reunion Concert, according to Push.
Alden shared some of what he learned as a businessman in an article in the Manila Bulletin. The celebrity shared some tips and advice on how to manage such businesses when you’re busy and make the right decisions along the way.
1. Don’t be too emotional
In the article, Alden shared the importance of not letting your emotions get in the way of business decisions. He said it can be difficult, but you should take your time before making any decisions that will affect your business.
She explained: “It’s difficult when emotions get in the way of a nun sobrang. Dapat medyo mag-step back ka muna and buoin mo muna yung sarili mo. Never make a decision when you are too high on certain emotions – good or bad person – too happy, too sad, too mad, too many things, you will regret your decision.”
2. Take your time
Alden also said that it’s best to grow your business slowly but surely. This was the same advice Maricar Reyes gave when it came to the food business. Famous entrepreneurs believe that “growing slowly” is the best way to ensure the sustainability of your business. Alden said, “And when it comes to progress, burn it slowly rather than making it big all at once.”
3. Be prepared to fail
Like Maricar, Alden believes in leaving little room for failure. Always be prepared for the unexpected and have realistic expectations. For Maricar, if her shop fails, she always prepares extra money for rent.
For Alden, he believes in always taking every failure as a learning experience. He said, “Siyempre hindi naman lahat will go according to your plan, meron at meron pa ring matitisod at matitisod ka, but of course if you come back, there are no failures, only lessons. And you learn from it.”
In closing, Alden advises other aspiring entrepreneurs to “open yourself up to opportunities, good or bad.” Starting a business is no easy task, but there are some tips you can follow for first-time entrepreneurs. It takes courage and a lot of perseverance. So good luck!