Celebrity News

Vina Morales Reveals How She Lost Millions Due To Failed Business Ventures


After experiencing a series of failed businesses, Kapamilya actress Vina Morales is finally starting to gain momentum with their booming family business, the Ystilo beauty salon which she co-owns with her sisters Sheila, Sheryl and Shaina Magdayao.

They recently opened its 26th branch at the Starmall Prima Daang Hari Molino in Cavite, wherein Vina disclosed after the inauguration ceremony last January 29 how Ystilo had consistently managed to remain in the salon industry for almost 17 years despite the stiff competition in the business.

“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… We always train, we make sure our seniors and our juniors, they should do refresh every quarterly… Nagpapadala kami ng mga experts from Hong Kong, stylists just to train them here.”

She also said “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.”

Just like any business, most of the successful businessmen just keep on trying, learn the trade even more, learn from failures and be more adept in the business that they are into. Vina considered herself as one of those who admitted going through trial and error.

Vina narrated, “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.

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-down payment 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.”

However, in spite of the losses in her previous business ventures, this made Vina even more determined and shrewd in her attitude when it comes to dealing with her present business transactions.

Vina said, “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.”

Judging from her previous encounters in running a business, it can be considered as a learning experience for those who are planning to enter into a business venture or struggling to recover after successive failures in business. Vina’s positive mental attitude in dealing with her ups and downs in her pursuit and not giving up after all those failures cannot be considered as a defeat but instead it catapulted her to success.

Vina further said “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.”

Well Vina we wish you more success in your business ventures in the future.

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