Insights on Business and Innovation

Aug 22, 2024

Rocket Science Lecture Notes

Introduction

  • Good morning greetings from Chinky Tan.
  • Show aims to help viewers work, build a business, and earn money.
  • Hosts regular segments and welcomes viewers.

Upcoming Segments

  • Juan Negosyante: Discussing software that simplifies inventory and sales reporting.
  • Raketista: Interview with a guest on continuing food business despite quarantine restrictions.
  • Viewers encouraged to engage and share the broadcast on social media platforms.

Fund Giveaway

  • 2,000 PHP funds available for viewers who comment how they would use it on the live feed.
  • Last week's winner, ate Eden Aguilar, plans to use her winnings for a small Sari-Sari store.

Software Discussion: UTAC POS

Introduction to UTAC POS

  • Features of UTAC POS highlighted by Ferdin Sanchez, Head of Strategy and Partnership.
  • POS stands for Point of Sale, crucial for business tracking.
  • Emphasizes the importance of having a system for efficient tracking (sales, inventory, staff attendance).

Benefits of Using a POS System

  • Time and Effort Savings: Reduces manual tracking and improves efficiency.
  • Real-Time Updates: Eliminates waiting for end-of-day reports.
  • Decision-Making: Data-driven decisions enhance business performance.

Features of UTAC POS

  • Sales tracking, inventory management, staff attendance, expenses tracking, and profit margin insights.
  • Historical data analysis for trend insights.

Cost of UTAC POS

  • Affordable pricing: 1,500 PHP/month with no startup fees.
  • Flat rate includes all features without hidden costs.

Target Market and Clients

  • Currently serving 2,000 to 3,000 businesses nationwide.
  • Clients include Chicken Stop Magenhawa, Frankie's, and others.

Guest Segment: Chicken Stop

Introduction to Mom Ness Zamora

  • Discussed the evolution of Chicken Stop due to the pandemic.
  • Focus on takeout and delivery services.

Business Insights

  • Investment in establishing Chicken Stop was around 1M PHP with a focus on quality and delivery.
  • Highlights the importance of adapting business models during challenging times.

Menu Highlights

  • Unique offerings include Super Fried Chicken with various dips.
  • Price points: Solo chicken at 288 PHP; Double Deal at 500 PHP.

Tips for Entrepreneurs

  • Importance of community support and adapting to market demands.
  • Utilizing online marketing strategies to boost sales.

Guest Segment: Prism Cafe

Introduction to Grant Zuniga

  • Prism Cafe started during the pandemic, focusing on online orders initially.
  • Unique products using intelligent can sealing technology for beverages.

Unique Selling Propositions

  • Fresh ingredients, special flavors, and cocktails offered.
  • Competitive pricing for the quality of products.

Future Plans

  • Plans for expansion and potential franchising opportunities.

Conclusion

  • Recap of the lessons learned from the segments about resilience in business.
  • Encouragement for viewers to join the next week's program.
  • Mention of a free webinar on creating a money-making machine scheduled for a later date.