Stories

December 6, 2022

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Founding a business startup and starting a family simultaneously was proved possible by the CEO and co-founder Hanna Wu of Amplify Life Insurance, a life insurance platform focused on helping people build wealth.

Wu first realized the importance of insurance policy when her 20-year-long best friend lost his father and financial backbone at the same time after the latter’s father died of cancer.

Upon knowing more than a year ago that she was pregnant, it gave her mixed emotions as a 16-hour working woman who travels from here and there.

Trying to sort out the situation, she researched articles on early-stage founders as moms but failed to find ones that fit.

As a BIPOC member, she sought a community from the same race who are also women founders only to find out that barely 7% of the global fintech community are women and that they only receive 2.4% of the total capital invested for startups.

Finding no one, Wu felt alone and wondered how others balanced the various startup stages while starting a family.

The journey was never easy for Wu but truly, hard work, goal orientation, and perseverance make everything achievable.

Wu started to plan everything before and after her delivery and how she would be able to raise funds for her business considering the time when the market dropped so low.

While thinking about getting a nanny and how the set-up would be after her delivery, Wu engaged in lower-stakes conversations to test investor sentiments, and fortunately, she was able to secure a large reinsurer’s venture arm.

Wu also woke up early in the morning daily to study for her investment adviser exam and everything else she did with her impending delivery as motivation.

Three days before finally giving birth, they signed the term sheet for the company.

In the 9-month time of pregnancy and struggle towards establishing the business, Wu raised over $25 million in investments and thereafter hired a full leadership team, kicked off their RIA status, signed several significant partnership contracts, and grew their revenue four times: everything planned in her to-do list.

With her success, she shares in Quartz 5 work strategies to prepare for parenthood:

Sort your parental leave plan. It’s harder for early-stage founders to take leave, but preparing your care plan and naming what’s important to you.

Consider your travel schedule. Prioritize travel by business needs, and don’t be afraid to break from the way it “should be” done.

Become an expert on roles and responsibilities at home. You, your co-parents, and caregivers must become experts on the roles and responsibilities at home. Stay connected to the right people and in the right ways. 

Plan for everything and expect failure. Be easy on yourself when mistakes happen, or roadblocks pop up.

You don’t have to choose. We don’t have to choose between our careers and families. It’s not easy, it will be far from perfect, and undoubtedly you’ll need a lot of support, but you can have it all if that’s what you want.

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Mom Without Prior Baking Experience But Through Perseverance Finds Success With Homemade Chocolates

Despite having zero experience in baking, this mom entrepreneur was able to give birth to Ricci Chocolates, now branded as the “Home of the Best Tasting Truffles in Baguio City, Philippines” 

Mitchiko Liquete clarified that she is a dessert lover but never a chocolate fanatic. Initially having no interest in making desserts nor in cooking, she capitalized on believing in herself with the vision of making her products look off-the-peg.

To better her craft, Mitchicko heeded the DTI’s Kapatid Mentor ME (KMME) free online training program in September 2022 to learn about branding and marketing while in a ‘hit and miss’ process in chocolate-making, which she considered as a great help for business-starters like her. 

Mitchiko’s 100% homemade premium chocolates got 20 to 30 boxes of sales per day that eventually reached over and above 2,000 to 3,000 packs weekly and enabled the company to supply more than 100 resellers and distributors nationwide.

The success of Mitchicko’s purely hand-crafted, first-class, and domestically produced chocolates paved the way for opening four stores and actualized $17,000 income in one year alone making Mitchiko more than proud.

She plans to expand her sweet business by making Ricci Chocolates visible in every mall in the Philippines.

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This Filipino Millennial Started With $20 To Pursue Hydroponics Farming Business

Nothing is impossible for this 21-year-old Filipino who engaged in modern farming with only $20 as a starting capital.

Despite being dissuaded by his grandfather who wanted him to become an engineer, Harold Zapata was determined to uplift farming, recognize farmers, and attest that farmers are the providers of our staple food and without them, it would be challenging for us to live.

As a farmer, his grandfather believed that farming is tantamount to poverty which made him influence his grandson to pursue a different profession.

However, the farmer’s blood runs in Harold’s veins, with Harold’s minimal capital and resourcefulness, he initially started hydroponics farming using used styrofoams which he asked from vendors in their local market.

Unlike traditional farming, hydroponics farming is cheaper as it is a type of farming where plants are grown in water and not in soil and a farmer would spend money only on styro cups, coco peat, feeds, and nutrients.

As a beginner, he only had a miniature greenhouse that could hold 80 pieces of lettuce and made him earn as much as $300 a month, which gradually allowed him to expand his business.

Harold’s hobby-turned-business serves him as a source of income not only from the harvests but from offering for-sale seedlings, building greenhouses, and providing consultations with his customers.

He also exclaimed that pursuing one’s interest unlocks many possibilities and that farming also teaches life lessons.

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Hard Work Pays Off For Bringing Filipino Street Food “Boy Isaw” To New York, Now Makes 14$K A Month

The Filipino street food vendor admits that perseverance and hard work were really his main capitals in achieving his dream.

After introducing one of the most popular Filipino barbeque street food, “ihaw-ihaw,” especially the isaw (grilled chicken or pork intestines), to New York, Filipino street food seller Robin John Calalo has seen the fruits of his labor, earning more than $14,000 each month.

His shop, “Boy Isaw,” became well-known among fellow Filipinos and even foreigners who yearned for a taste of isaw, betamax (coagulated chicken blood), adidas (chicken feet), and other Filipino street food. 

Robin’s success came as a surprise considering that his small firm only had $50 when it was founded in 2019, during the onset of the pandemic. He claims that while in the supermarket, he suddenly made the decision to open his BBQ food cart due to a craving for Filipino food with his friends and family as the first customers.

According to Business News Philippines, Boy Isaw peddles in food bazaars and engages in online selling where he posts for-sale ready-to-grill street foods.

Aside from grilled food including hotdogs, chicken, and others which he posts on his Instagram, he also serves rice and chicharon bulaklak (deep-fried pork intestine) which is also a bestseller.

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Kenneth Mejia Sits As Los Angeles’ New and First Filipino American City Controller

Taking the lead with a 21-point advantage, Kenneth Mejia, is now Los Angeles’ newly-elected City Controller assuming city-wide office after cutting the edge against City Councilmember Paul Koretz.

The 32-year-old is the first Filipino American to take the position. As a CPA and community militant, Mejia is pleased to embody the distinct community of L.A.

“We have a very diverse population in L.A. and I feel very proud and honored to represent that community and coming from a minority background makes you more empathetic about the people you’re fighting for,” Mejia said as quoted in NBC News.

He achieved a double-sweeping win after attaining more votes than any mayoral candidates and concluding the election with over 100,000 votes higher than Koretz, a radical and experienced public officer, which accordingly is a sign of many Angelenos’ renouncement of the status quo.

Mejia was also once an organizer of the L.A. Tenants Union who initiated the legalization of homelessness and made the concerned authorities liable for it.

The newly-elected City Controller mentioned that he eyes transforming the system and making it worker-friendly. He likewise shared that a controller is “the city’s accountant and paymaster,” which is different from high-profile City Council positions since he cannot promulgate a legislation or amend the city budget. These restrictions fit him wonderfully as a CPA and organizer, making his work more intriguing.

“You don’t really have to push an agenda when you’re running to present data and show numbers,” Mejia continues, “They have a story in themselves,” he added.

After the City Council decided to ban homeless encampments 500 feet from schools and daycare centers, Mejia calculated how many camps will be affected and created a digital map of 1,900 schools and daycare centers in the city, showing that 20% of the walkways would no longer be available as a campsite. Mejia’s staff employed computer technology to be more transparent to the public, especially regarding finances.