Trees and crises: Mang Inasal founder Injap Sia’s fresh business lessons

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Trees and crises: Mang Inasal founder Injap Sia’s fresh business lessons
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Edgar 'Injap' Sia II, now CEO of MerryMart and DoubleDragon, says any business, like a tree, needs a good foundation, and that crises present an opportunity to learn and become resilient

This is AI generated summarization, which may have errors. For context, always refer to the full article.

LESSONS. A screenshot of a digital copy of Injap Sia’s ‘Life Principles’ bought by Rappler, published by Summit Media in 2017. Sia used nature to explain this lesson, as MerryMart’s revenues grew 18% to P6.3 billion in 2023 from P5.3 billion in 2022. Net income, however, fell from P574 million in 2022 to P408 million in 2023.

What are the elements of a strong foundation? Sia listed four: solid infrastructure, efficient processes, skilled workforce, and innovative strategies. In a disclosure last April 15, Sia said half of the years since DoubleDragon was listed on the Philippine Stock Exchange in 2014 were characterized by crises, such as the COVID-19 pandemic, but his company weathered them.“The DD team has continuously poured the necessary hard work, careful planning, and grit to passionately execute its set goals.

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