Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    When Letting Go of a Top Performer Is the Best Move for Your Team—According to This Finance Exec

    May 9, 2025

    Why Investing in Yourself Is the Best Hedge Against Inflation

    May 9, 2025

    The Surprisingly Powerful Budgeting Hack You’re Probably Ignoring

    May 9, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn
    Financial AdviserFinancial Adviser
    • Home
    • Success
      • Leadership & Growth
      • Entrepreneurship
      • Business Strategy
      • Inspiring Stories
    • Money
      • Investing
      • Personal Finance
      • Wealth Building
      • Financial Planning
    • Work
      • Career Development
      • Workplace Culture
      • Productivity & Efficiency
      • Management & Performance
    • Life
      • Relationships & Family
      • Health & Wellness
      • Mindfulness & Balance
      • Personal Growth
    • Inspiration
      • Vision & Purpose
      • Overcoming Adversity
      • Motivational Stories
      • Mindset & Motivation
    Financial AdviserFinancial Adviser
    Home»Success»Entrepreneurship»He Failed Three Times in the Food Business—Then Found the Recipe for Success
    Entrepreneurship

    He Failed Three Times in the Food Business—Then Found the Recipe for Success

    FinancialAdviser.phMarch 3, 20252 Mins Read
    Share Facebook Twitter LinkedIn Email Copy Link
    Share
    Facebook Twitter LinkedIn Email Copy Link

    Ed Firmalo had already failed three times in the food business when he and his high school friends decided to give it one more shot.

    At just 25 years old, he had seen businesses crash and burn—but instead of quitting, he kept going.

    “Before we started our business together, I had three previous food ventures, all of which eventually closed, and I would consider them as failed attempts,” he says.

    A Concept That Didn’t Work

    The group’s first attempt was The Chicken Factory, a restaurant that offered every kind of chicken dish imaginable—Hainanese, satay, teriyaki, buffalo wings, and more.

    The problem? It was too broad, and the location was wrong.

    “When we put our first outlet in Libis, the location didn’t work out. After four months, we had to close it down kasi we weren’t even breaking even,” he recalls.

    The Pivot That Changed Everything

    Instead of scrapping the idea completely, they went all in on one thing—buffalo wings.

    “We felt that it’s a product that is not a fad. Unlike some others that die down after a few months or years, we wanted a product that could truly endure the test of time,” Firmalo explains.

    Then came the game-changer—a prime location in City Golf, Ortigas, a popular hangout for college students, call center agents, and business professionals.

    At first, they weren’t sure they would even get the spot. They were up against more established brands. But then, weeks later, they got the call—they landed the space.

    The Gamble That Paid Off

    “Actually, we were hesitant kasi nga our previous concepts had failed,” Firmalo admits. “But we decided to take a gamble on this.”

    This time, it worked. The focused menu, strategic location, and dedication to quality made Frankie’s New York Buffalo Wings a hit.

    The lesson? Failure isn’t the end—it’s just a step toward figuring out what works. Today, Frankie’s has multiple locations and a loyal following, proving that sometimes, all it takes is one smart pivot to turn everything around.

    This article includes quotes from an interview originally published by Esquire Philippines, authored by Henry Ong.

    Loading

    Related

    Share. Facebook Twitter LinkedIn Email Copy Link
    Previous ArticleHe Lost Money for Three Months—Then His Wife Convinced Him to Keep Going
    Next Article They Started With Five Types of Chicken—Then Realized One Would Make Them Millions

    Related Posts

    Entrepreneurship

    He Lost Money in the Stock Market—So He Flipped Burgers Instead. It Became a Hit

    May 5, 2025
    Inspiring Stories

    “I Almost Gave Up”—The Hardest Part of Building an Art Career No One Talks About

    May 5, 2025
    Entrepreneurship

    Why This Tycoon Says Divestment Should Be in Every Entrepreneur’s Playbook

    May 5, 2025
    Add A Comment

    Comments are closed.

    Demo
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn

    Subscribe to Updates

      Get the latest updates from Financial Adviser about financial literacy and business acumen. Subscribe to our mailing list!

      By checking this, you agree to our Data Privacy Consent/Agreement and accept our use of such cookies.
      I agree to the Terms and Conditions

      Facebook X (Twitter) LinkedIn RSS

      Home

      Sucess

      • Leadership & Growth
      • Entrepreneurship
      • Business Strategy
      • Inspiring Stories

      Money

      • Investing
      • Personal Finance
      • Wealth Building
      • Financial Planning

      Work

      • Career Development
      • Workplace Culture
      • Productivity & Efficiency
      • Leadership & Management

      Life

      • Relationships & Family
      • Health & Wellness
      • Mindfullness & Balance
      • Personal Growth

      Inspiration

      • Vision & Purpose
      • Overcoming Adversity
      • Motivational Stories
      • Mindset & Motivation

      Contact Us

      Subscribe to Updates

        Get the latest updates from Financial Adviser about financial literacy and business acumen. Subscribe to our mailing list!

        By checking this, you agree to our Data Privacy Consent/Agreement and accept our use of such cookies.
        I agree to the Terms and Conditions

        Copyright © 2025 Financial Adviser. All rights reserved.

        • Privacy Policy

        Type above and press Enter to search. Press Esc to cancel.

        FINANCIALADVISER.PH USES COOKIES TO ENSURE YOU GET THE BEST EXPERIENCE WHILE BROWSING THE SITE.

        By continued use, you agree to our Data Privacy Consent/Agreement and accept our use of such cookies. For further information, click the link Data Privacy Consent/Agreement.