Vina Morales admits losing millions due to failed businesses

Vina Morales on the success of Ystilo Salon, "It's not only the branding, it's also the service that we give so we make sure that we give our 100 percent quality service, good quality service." 


Business is booming for Kapamilya star Vina Morales, her sisters Shaina, Sheryl, and Sheila Magdayao.

Their family’s beauty salon, Ystilo, recently opened its 26th branch at the Starmall Prima Daang Hari Molino in Cavite.

After the inauguration ceremony last January 29, Vina told PEP.ph (Philippine Entertainment Portal) how Ystilo had managed to stay in the salon industry for nearly 17 years.

"It’s not only the branding, it’s also the service that we give so we make sure that we give our 100 percent quality service, good quality service.

"And we always train, we make sure our seniors and our juniors, they should do refresh every quarterly.

"And then yung iba pa nga is nagpapadala kami ng mga experts from Hong Kong, stylists just to train them here.

"Yun talaga ang ano namin.

"And also our rates naman, kung nakikita mo, it’s very competitive.

"You know, hindi naman paglabas ng isang client namin e butas ang bulsa.

"They’re always happy naman when they get out of Ystilo salon and they come back as well."

DON'T STOP TRYING. But just like most entrepreneurs, Vina admitted going through trial and error.

She recounted, "Ang dami ko na rin naging failures, business na hindi naging successful.

"I lost a lot of money.

"Nag-poultry ako sa Cebu, nag-trucking pa ako, like I handle mga Coca-Cola, San Miguel, mga ganun. 

"Masakit, umiiyak ako kasi millions din ang nawawala kasi siyempre, to put up a poultry, di ba, to buy a land, talaga namang malaki ang nawala sa akin.

"Even the trucks kasi nag-close down, ang daming naging problema.

“Sobrang iyak ko noon.

"One week siguro hindi ako makabangon sa sobrang depression kasi sobrang laki nung nawala.

"Pinaghirapan ko naman lahat ng mayroon ako.

"Mahilig din ako mag-invest sa lupa, sa bahay, sa real estate.

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"And natamaan din ako ng recession sa U.S. kasi nagtu-tour ako noon guest, guest with Martin [Nievera] and Gary [Valenciano] so  I decided to buy a house in Vegas.

"That time after few months biglang nagka-recession. Goodbye, nag-downpayment ako and all, Diyos ko iyak ko rin, ilang million din yun.

"So I think dapat you are really hands-on and you know what you are doing.

"And sa akin kasi, yung mga ganun klaseng business, kailangan lagi akong nandoon, so it was a really a bad decision."

Nonetheless, Vina was not discouraged by the failure of her previous ventures.

She remarked, "Malakas ang loob ko when it comes to business.

"Even though marami na akong failed business, mag-i-invest pa rin ako.

"Maski maliit, I’ll start with small and then palalakihin nang palalakihin."

How she looks at things may help motivate those who are about to try venturing into a business or trying to pick up the pieces after bankruptcy.

"Ako I always believe na when God is blessing me money, then I should do something about it to multiply it.

"Hindi lang yun kapag binigay sa akin, wala akong gagawin gagastusin ko lang.

"Minsan kapag failed business, iniisip ko lang, hindi naman sa akin 'yan, kay Lord 'yan, e."


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