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| Photo c/o Lito Banal's Facebook account |
Some parts of this post has been published in my previous blog.
I've met Lito Banal, Chairman of the NZ-Philippines Business Council, in numerous social and community gatherings. He is a regular supporter of causes dear to the Filipino community in Auckland. This likable and amiable fellow always has a ready and welcoming smile.
He is an engineering
graduate from Mapua Institute of Technology (Philippines), and the Director of KiwiRoofing Limited. He took
time from his busy schedule for this Q&A. His answers would help aspiring and
existing entrepreneurs who are facing the challenges of starting and
maintaining a business in NZ, while raising a family too.
Q: What's the inspiration behind your business?
A: My family is my inspiration why I am in business. I like to have
that freedom where you have control of your own time and activities. My
family inspires and motivates me to be a good businessman and to fulfill my
dreams.
Q: What challenges did you meet while building your business and how did you
manage it?
A: It is always a constant challenge when you are starting and building up
a business. You have to be determined, motivated, and you have to know
what will be your goal, what would you want to achieve in a certain time frame.
You have to work on a deadline. You have to ask yourself "will
I want to be a market and industry leader or will I be contented with what the
majority does"? As much as possible, you have to determine and know
the best answers to your questions and anticipate consequences of your actions
even during the planning stages and before they will be implemented. Careful planning, analysis and wise decisions will always help you in
dealing and facing the challenges in doing business. It is not always a
guaranteed win situation. But don't be afraid or discouraged if you fail.
Go back to the drawing board and take this advantage that now you will
know what you should have done better to succeed. This will only make you
stronger for your next step. Moving froward, know your competitors well.
Look after your staff by rewarding them, they are the company's life
blood. You don't only lead them, you have to work along side them and work
behind them. Understand your supply chain operations, they are your
partners, as their support will be vital to deliver your goods and services to
your customers and clients. It is always challenging to be an industry
leader. You have to be a step ahead, flexible and innovative.
Pressure and hard work will always come with it. But I must tell
you, it is more rewarding to be a leader than being a follower.
Q: Name 3 people, dead or alive, you'll like to have dinner with, and why?
A: My great grandfathers (paternal/maternal) - I would like to know how
life was during their time. Dr. Jose Rizal - I would like to know him
more because he is the most famous Filipino for me. U.S. President Barack
Obama - why won't you dream of meeting the most powerful person in the world.
Q: Are you a cat or dog person, and why?
A: Dog, I always wanted to be the best friend of everyone, and can
always count on me.
Q: Where in NZ is the place you can call your sanctuary, and why?
A: Any golf course for - 4-5 hours, time to relax especially a bonding
time when I play with my son Ethan a.k.a. "Mike-Mike". This is
a place that I know where I can be hopefully for many years to come.
Q: Something not many people know about you?
A: I love cooking, in fact, experimental cooking where I don't follow
recipes. I am a very flexible and outgoing person and this reflects on
the profile of my friends, who come from all walks of life, from the very young
ones to the not very young anymore. Also, I love watching really really
old Filipino comedy movies.
Q: If you could travel back in time, where and when would it be, and why?
A: World War 1 or 2 in the Philippines. I want to experience living
with our forefathers, witness their miseries, hardships and how they fought for
our freedom. Hopefully I would come out alive.
Q: What are your plans for the future?
A: I am already happy and very grateful with the blessings I have - my
happy and vibrant family. I'm very fortunate in deed to have all these
wonderful and very good friends around me. So my plan for the future is
to enjoy life as always, to continue sharing and ready to help anytime and when
there is an opportunity to do so. But as everyone says, "you just
don't know what is a round the corner." I suppose, I juts have to deal
with it and be ready for whatever these might be. May God continue and
always guide me along the way.