siomai business proposal

The Thrifty Pinay

Finance | Business | Empowering Women To Learn, Earn & Be Financially-Independent

How to Start a Siomai Business in the Philippines

By Ameena Rey-Franc

How to Start a Siomai Business in the Philippines:

Siomai is one of Asia’s most popular snack options. Before being hailed as a kanto -favorite appetizer in the Philippines, the origins of Siomai predate even before Magellan stepped foot in the country. Shaomai, as the Chinese describe it, originated in Inner Mongolia somewhere between the Ming (1368–1644) and Qing dynasties (1644-1912) of China. It reached the land of the rising sun where the Japanese called the steamed ball of meaty goodness Shumai . Until it reached the Philippines and became the siomai we all know and love.

With centuries building up to siomai’s popularity, it’s no wonder Pinoys are itching to get a bite whenever they see a vendor. If you’re interested but wondering how to start a siomai business in the Philippines, you came to the right place.

Is a Siomai Business profitable in the Philippines?

Before delving into the steps, it’s important to know if siomai is a good business, to begin with. When talking about siomai’s profitability, we have to look at the context surrounding it. Street food is an unceasingly popular business in the Philippines despite countless cautionary warnings from health bodies . Street food vendors rarely get zeroed out as long as there are students, office workers around, and bystanders around. It’s typically the usual suspects when talking about street food: fishball, kikiam, squid ball, kwek kwek, and siomai. 

If you’re an aspiring entrepreneur on a budget, a siomai business is a perfect start. Why? Well, it’s simple but highly profitable. Heard of that broke couple turned rich thanks to their siomai business that grosses 50,000 daily? Siomai businesses require low capital but they’re capable of earning large profits. Always remember, as long as people eat, a food business will never run out of customers.

Here are the necessary steps when Starting a Siomai Business in the Philippines

1. Do some market research

Siomai businesses are great. But there’s a caveat to the success story I mentioned earlier. They first started with fishball, kikiam, and banana cue. Newsflash, all those start-ups failed. The reason is simple, they didn’t do initial market research . The siomai business they put up was a hit and miss . They lucked out with siomai that’s why they made a fortune. 

When starting a business, the last thing you want is to establish something that’s bound to fail. Sadly, many startups suffer the same fate. The success of your business relies on good market research to warrant the business’s potential. Siomai is a good business , no doubt. But does your potential market share the same proclivity for siomai as you do, or are you simply and blindly holding on to a hope that they are?

To get you started, here are some queries you might want to answer first for a siomai business in the Philippines:

• Who are your target consumers?

Siomai is popular among office workers, students, internet cafe addicts, and bystanders. Is your location swarming with those people? Are they keen to eat quick siomai snacks over other options?

• What are your target audience’s spending habits?

Do customers go out of their way to have some good siomai meals? Do they prefer siomai with sticks or with rice? Do prospects prefer meals delivered?

• What does the market look like?

Will you sell in the city or the suburbs? Do you need a physical store, a stall, or are made-to-order meals acceptable enough?

• Who are your competitors?

Are there existing siomai sellers in your locality? Is competing with them a good idea? What value proposition can you offer to make their suki choose your solutions instead? 

2. Prepare your capital

Capital is another reason why comprehensive market research is imperative when starting a siomai business in the Philippines. Think about it. If you require a physical store to etch your siomai brand in the locality, you’ll need more money to start with. The capital you’ll be using is the gasoline that’ll keep the business running. You’ll use it for funding the materials, expenses, and overhead. If you want a smoother launch, you need to calculate your startup costs . Doing so will also help you estimate your profitability and growth potential. This is where your market research is for.

Let me give you an example. Say, your market investigation reveals that made-to-order meals are better compared to setting up a physical stall. You will require less capital to start than having to shell out more funds for a stall that wouldn’t significantly sell better. Again, your business is anchored on good market research.

• Related Post: 14 Time-tested Tips for Online Selling in the Philippines

3. Plan and prepare everything

Information and data are used for one thing: to make the right decisions. With market research backing your decision-making process, you are likely to make the right choices and minimize errors.

For example, if setting up a stall is a better direction than made-to-order meals, there are things you need to be aware of:

• First, your location. The location you choose should be strategic, where you can maximize impressions and conversions.
• Second, physical stores can’t get away without a DTI business permit . Make sure you have your business registered.
• Third, assess your operational costs or overhead. There’s more to business than your cost of goods sold, you’ll have utility bills, rent, and possibly labor costs that can sweep you off your feet.

Don’t be hasty to jump on the business seat. Plan everything first otherwise your “siomai” might turn to “oh my!”

4. Buy the equipment needed

Once you’ve got your gameplan fully furnished, then, only then, do you buy your equipment and ingredients. Here is a simple list to help you out:

• Food steamer
• Paper containers
• Sauce dispenser 
• Acrylic plastic juicer

Ingredients:

• Ready-made siomai (unless you plan on making your own)
• Garlic flakes

Gulaman? Yes, that is, if you’re willing to offer some refreshing palamig to your suki which is an added income stream. Check out this gulaman recipe here .

5. Find suppliers

Selling siomai in the Philippines is quite straightforward. The ingredients and equipment you need are not difficult to find. If you live anywhere in the Metro, you can easily scour Divisoria to find all things you need at a bargain. If not, you can always visit your local supermarket or wet markets to buy them.

If you want to get all things you need from the comfort of your home, there are online marketplaces to buy your things. Shops like NegosyoNow sells both food and non-food items like packaging materials. While stores like MK Kitchen may sell the kitchen supplies you need for the siomai business. Otherwise, you can seek popular siomai chains instead that provide all the things you need after your initial payment.

6. Price your products right

The cornerstone of every successful food business is not ONLY the quality of the product but also the price. All things being equal, Filipinos will normally gravitate toward the most affordable option. If you have a competitor, you may want to double down on the quality and pricing strategy. That will ensure you corner the market for your siomai business.

A popular pricing strategy you may want to try is the cost-plus pricing strategy . Basically, your products should account for all operational expenses and overhead costs associated with selling the siomai. This way, all your markup will be allocated towards profits. Needless to say, be reasonable with your profit margin.

• Related Post: How to Compute & Price Food Products (w/ example) Philippines

7. Marketing is key

In this age of the internet, more than half of the population is engaged in social media . The only way to dominate your industry is by getting a leg-up on your competition. Take advantage of facebook’s free platform to promote your business to friends and colleagues. You can also use the messaging app to reach out and seek people who are keen to try out your food products. If you plan on opening a physical store, register your siomai shop to Google My Business. This will ensure that you stay ahead of your competition through local SEO .

If you’re looking for a full list on how to promote and market your siomai business effectively, check out our guide on 20 Ways to Promote & Market Your Business in the Philippines .

Best Siomai Suppliers in the Philippines

If you’re looking for the best suppliers to get siomai ingredients and equipment, on-site visitation is always the best course of action. However, if it can’t be helped, here are some online resources you can visit. Always make sure to legit check these suppliers to avoid getting scammed.

Kitchen equipment suppliers

• NegoPinoy Trading
• IBCOM Kitchen Equipment
• Catering Depot Philippines
• MJD Industries, Inc.

Siomai suppliers:

• ACM Frozen Food Products Suppliers
• Great Food Solutions
• Maco’s Meat Products Direct Supplier
• Princess & Stacey’s Frozen Food Supplier

Packaging suppliers

• Binondo Street
• Packaging Depot Manila
• Grand Champ Packaging

Best Siomai Franchises in the Philippines

Below are some of the best siomai franchises you can reach out to if you plan on setting up your own siomai business in the Philippines. Make sure to read reviews and check references before fully committing to fully assess what you’re getting into.

• Master Siomai

Phone Number: 287095288

Website: http://www.mastersiomai.com/  

• Siomai King

Email: [email protected]  

Phone number: 0923 604 8805

Website: https://jcfranchiseinternational.com/  

• Ideal Siomai

Email: [email protected]  

Phone number: 0935 336 2107

• Siomai House Bernabest

Email: [email protected]

Phone number: 287096237

Website: https://www.siomai.house/  

• Dimsum Factory

Phone number: 284424884

Website: http://shop.dimsumfactory.ph/  

Siomai business is one of the best low-cost, high-profit startups you can put up in the Philippines. However, there are many overlying layers that you need to accomplish first before startup. Furthermore, you if you plan to try selling other frozen food, check out our article on How to Start a Frozen Food Business in the Philippines . We hope this article helped you if you plan on starting your own siomai business in the Philippines.

Related Posts:

• Start Your Own Shawarma Business in the Philippines
• How to Prepare an Income Statement Philippines (w/ Example)
• How to Start a Sticker Business in the Philippines
• How to Start a Tapsilog Business in the Philippines
• How to Start Dropshipping in the Philippines
• 40 In-Demand Consulting Business Ideas Philippines
• 50 Best Business Ideas for Moms Philippines
• How to Start a Cosmetic Business in the Philippines
• How To Find A Business Partner Online In The Philippines
• How to Start a Samgyupsal Business in the Philippines

Recognized as one of the Top Finance Blogs in the PH. Ameena Rey-Franc (founder of TTP) is a former Banker and BS Accountancy graduate turned Blogger, Keynote Speaker, and entrepreneur. Currently an RFP delegate, she is also the Author of a book about Financial Resilience and has held seminars for reputable companies like GrabFoodPH, Pru Life UK, VISA, JPMorgan Chase& Co., Paypal, Fundline, Moneymax, and many more. The Thrifty Pinay's mission is to empower women to LEARN, EARN, and be FINANCIALLY-INDEPENDENT no matter what life stage they are in.

Related Post

120 best products to sell online in the philippines 2024, how to start a transportation and logistics business in the philippines, how to start a pares business in the philippines.

• Beauty Products
• Clothing & Apparel
• Food Business
• Laundry Shop
• Small Stores
• Water Refilling Station
• Business Registration
• Marketing Strategy
• Human Resources
• How to Start a Siomai Business in the Philippines

By   Yesh Quijano

November 13, 2023

Siomai is a popular snack in the Philippines and has become a staple in many households. With its increasing demand and relatively easy operations, it’s no wonder why many entrepreneurs are venturing into selling this delectable snack.

In this article, we will discuss the ins and outs of starting a siomai business, providing you with tips and strategies to help you succeed. Let’s dive in!

Key Takeaways

Siomai is a popular snack in the Philippines across all age groups.

Starting a siomai business can be profitable with the right strategies and information.

Some tips include finding the right location, creating a unique recipe, and marketing your product effectively.

Is A Siomai Business Profitable In The Philippines?

The good news is that siomai is a very popular food item in the country, and is consumed by people of all ages.

This means that there is definitely potential for profit in selling it, having estimated profit margins ranging from 30% to 150% !

Street food vendors often remain busy, especially if they’re stationed near schools and offices. Common food favorites include fishball, kikiam , squid ball, kwek kwek , and of course, siomai.

For budding entrepreneurs on a tight budget, starting a siomai business is an ideal choice.

Not only is it straightforward to put up, but it also offers high-profit margins. Have you heard about the couple who went from being cash-strapped to raking in PHP50,000 daily with their venture?

How To Start A Siomai Business

Here are eight essential steps to get started in your new venture.

Research The Market

Prior to launching your business, it’s crucial to conduct market research to gauge the local demand for siomai.

You can gather information by visiting other dim sum businesses, talking to potential customers, and conducting surveys. While optional, you can also write a siomai business plan .

Pro Tip : Siomai is in high demand nearby schools, offices, or any location that has a lot of foot traffic.

Ensure You Have Sufficient Capital

You will need capital to purchase equipment, and ingredients, and rent a space or purchase a cart. Ensure you have sufficient funds to cover these expenses before getting started.

Siomai businesses will require capital as low as PHP 5,000 but may go up to PHP 30,000 and beyond.

Name Your Business

Select a memorable and appealing name that represents your brand and product effectively. Make sure the name is not already taken and is easy to remember.

Tip: Use this format to create a brand name: [ADJECTIVE] + [FOOD]. For example:

Master Siomai

Papu’s Siomai

Register Your Business

Register your business with the appropriate government agency to obtain the necessary permits and licenses. This will ensure that your business operates legally and avoids any legal issues.

Learn How To Make Homemade Siomai (Optional)

Learn how to make homemade siomai by researching recipes and techniques online, watching videos, or attending cooking classes. You can also experiment with different ingredients to create your own unique recipe. Alternatively, you can find a supplier online.

Kitchen equipment suppliers

NegoPinoy Trading

IBCOM Kitchen Equipment

Catering Depot Philippines

MJD Industries, Inc.

Food suppliers:

ACM Frozen Food Products Suppliers

Great Food Solutions

Maco’s Meat Products Direct Supplier

Princess & Stacey’s Frozen Food Supplier

Packaging suppliers

Binondo Street

Packaging Depot Manila

Grand Champ Packaging

This list of suppliers is taken from Thrifty Pinay . Credit for the list goes to her.

Purchase Essential Equipment

Purchase essential equipment such as a steamer, cutting board, knives, and other kitchen utensils. You may also need to purchase a freezer and refrigerator to store your ingredients.

Find A Good Location

Find a good location for your siomai business that is easily accessible and visible to potential customers. Consider renting a space in a busy market or near a school or office.

Tip : If you’re tight on a budget, a food cart is a cheaper alternative to renting a space. Based on my research, carts only cost PHP 6,000 to PHP 8,000 on Carousell .

Market Your Product

Market your business on Facebook and Instagram. To promote your business, you can try offering seasonal discounts, promotions, and loyalty programs to encourage repeat customers.

Tips For A Successful Siomai Business

Find The Price Sweet Spot

Pricing your products just right is crucial to the success of your business. You want to make sure that your prices are competitive enough to attract customers, but also high enough to cover your costs and make a profit.

Research the prices of similar businesses in your area and aim to match or slightly undercut them. For example, if a nearby Master Siomai stall sells Pork and Shrimp Siomai (4pcs) at PHP 55, you can sell yours at just PHP 45.

Consider Offering Refreshments

While siomai is a favorite food for many, customers may also appreciate having refreshments available to complement their meals. Consider offering drinks such as gulaman or iced tea to enhance the dining experience. This is also a nice boost to your sales and profits.

Be Consistent In Quality And Operating Hours

Consistency is key to building a loyal customer base. Make sure that the quality of your food remains consistent and meets the expectations of your customers. Use fresh ingredients and ensure that it is prepared and cooked properly.

In addition, be consistent in your operating hours. Ensure that your business is open during the hours that you have advertised and that you are ready to serve customers when they arrive. This can help build trust and reliability with your customers.

Wrapping Up

To wrap this up, I’d like to share this quote from Teresita Barrientos of Ayo’s Siomai. Teresita has been a siomai seller for 17 years and started with just a PHP 600 capital.

Here’s what she said:

“Huwag susuko, dapat kailangan laban lang para maabot natin ang mga pangarap natin.”

About the author 

Yesh Quijano

Yesh Quijano is an entrepreneur and digital marketer who's been in the game for over 11 years. He started several businesses and helped countless others reach new heights. His goal is to make digital marketing for SMEs simple, accessible, and effective. When he's not working, you can find him cuddling with his two cats.

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

• Study Guides
• Homework Questions

Ilide.info-business-plan-siomai-prb0d04a1d47cb2600cffa2fe5d34688b1

• Wed. Apr 10th, 2024

Business Diary Philippines

Small business startup ideas and money making guide

How to Start Your Own Siomai Business

Let’s learn how to start a siomai business.

Starting a siomai business is easy. It only requires low capital. The hard part is keeping the siomai business running. But with good marketing strategy, good location and good know how of the product, your siomai business can be profitable and successful.

Here are the tips on how to start your own siomai business.

1. Name your business – In choosing a name for your business, it has to be something related to your product, unique and easy to remember.

2. Register your business – To make your business legal and functional there are several government agencies you have to register with. Click here on How to Get Business Permits and Licenses for your business .

3. Learn how to make siomai – Do you know how to make your own specialty siomai that’s so awesome you know everyone will want it. If you do then great. If not, then you’d better learn. Click here to learn how to make siomai and special siomai sauce .

4. Make your own food cart – You don’t need anything huge right away. Getting a very basic cart is all you need to get started. Food carts are easy to set up, requires low capital and is cheaper than putting up a restaurant. Learn here how to start your own food cart business .

5. Find a good location – Look for a place that is in a commercial area where there is heavy foot traffic like in malls, train stations, terminals, schools and office areas. Having positioned your business in a good place means lots of income.

6. Market your product – Don’t be so confident that’s because your business is located in a heavy foot traffic area people will notice it. Sorry, but no. You have to make a noise so that people will know that you are selling something for them. Make something that people will always comeback for your product. Don’t settle for less.

7. Save your profit – Save all the money you can. Once you’re business grows you can expand to other locations and add more products being offered.

Related posts:

Related Post

Brown rice: a comprehensive guide to healthier eating, bistek tagalog recipe, lechon kawali recipe, 6 thoughts on “how to start your own siomai business”.

Do you need a loan to pay off your bills or to start a business of your own? we give out all kind of loan at interest rate of 3%, from the minimum of 5,000.00 usd to the maximum 100 million dollars, pounds, euros, If interested, Contact us via email: [email protected]

With Gain Credit Personal Loans, you can get instant loan/money for a wide range of your personal needs like renovation of your home, marriage in the family, a family holiday, your child's education, buying a house, medical expenses or any other emergencies. With minimum documentation, you can now avail a personal loan at attractive 3% interest rates. This is trust and honest loans which you will not regret, Contact us via Email: [email protected]

Your Full Details: Full Name. . .. . .. . .. . .. . . Loan Amount Needed. . … Loan Duration. . .. . .. . .. . . Phone Number. . .. . .. . .. Applied before. . .. . .. . .. Country. . .. . . Email Us: [email protected]

Food cart concept ba ang hanap mo? Franchising concept ba ang hanap mo?

Dito kana sa Ultimate Negosyo: www.facebook.com/ultimatenegosyo

Our foodcart concept starts @ P17,000 where you'll get a heavy equipment and cooking equipments. crew and business training, loading business (1 sim loads all network), bills payment (bayad center), money-remittance (pera padala), facebook marketing tools para sa iba mo pang negosyo.

And with our team which is Team SUN or Sakura Ultimate Negosyo, we offer business enhancement modules, motivational modules, 50% discount on our optical partner and also FREE E-PINOYLOAD business, and for our Franchisees' Entrepreneurial Training from Coca-Cola

can you give me the details

I would recommend starting your online business at home, even while you have your employment. There are tons of ideas out there, which one can capitalize. Everything is actually going online. I am expecting that Philippines will also follow the trend of 1st world countries, wherein most shopping is now done via online. I do have an online e-commerce website myself and leverages through online free classified ads such as www.mybenta.com, OLX and AYOS.

very informative post thank you for sharing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Intersection of BTC and Open Source Software:  Synergy of Innovation

Science of btc: how cryptography secures your investment, the future is here: paying with btc in everyday life, btc’s role in the evolution of smart contracts.

Enjoy this blog? Please spread the word :)

Get new posts by email:.

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy .

How franchising business Siomai King thrived during the pandemic

Siomai King is one of the country’s leading food cart franchising businesses.

MANILA, Philippines — Siomai King, one of the country’s leading food cart franchising businesses, has leaned on adaptability to take on the challenges posed by the pandemic.

The pandemic has halted many businesses, especially the food industry, but that’s not the case for Siomai King.

During this period, the company quickly adapted and transitioned from the traditional food cart franchise operation to the unusual “online Franchise” platform.

“During the early months of the pandemic, the choice was simple: either continue doing business as usual and struggle in a market crippled by the pandemic or confront the pandemic head-on by adopting. The truth is that the pandemic is anything but normal, and how you carry out your business operations will determine whether or not your company survive,” said Siomai King CFO and Vice President, Carlito Macadangdang.

“Fortunately, we have our own IT Solutions Company (CloudPanda Ph) and began to develop a different approach where our franchisees can continue to operate their franchise business safely and conveniently online.”

Indeed, Siomai King took the opposite route, risks and expanding even further, fueling rising demand for its products due to its massive online franchise success.

Siomai King CEO, and President Jonathan So glad they have fopund a way to sustain Siomai King despite the pandemic.

“Everyone’s affected. Even our businesses are not immune to the pandemic. I don’t believe in giving up easily. I always believe in the saying that for every tragedy there lies an opportunity. We just can’t accept the fact that we’ll just concede to the situation, we want to be different. We want to win. We fight of we fight. It’s that simple. With a goal in mind, we taught and develop new innovations that would expand and make our business thrive even in a pandemic,” So said.

Now that food businesses return to normal and the appetite of Pinoys for good food has been ressurrected, Siomai King proudly presents new available franchise locations at SM Hypermarket, Robinsons, Puregold, Savemore, Shopwise, LRT, MRT, Waltermart, Gaisano, and Ayala Malls.

For young entrepreneurs who want to taste the success of the franchise application is easy.

First, entrepreneurs are advised to their investment; second they may choose from any of Siomai King franchise brands: Mang Boks, Siopao Da King, Noodle House, Potato King, and Burger Factory to kickstart your food business; and the third step is to earn.

All of the brands are equipped with new machinery to produce 30 million siomai and 2.5 million siopaos monthly.

Subscribe to our daily newsletter

There are 1,000 branches nationwide strategically placed to ensure that everyone earns aside from being provided a network of assistance and mentoring for their business.

RELATED STORY:

Siomai King: Franchise Company of the Year for two consecutive years

For more news about the novel coronavirus click here. What you need to know about Coronavirus. For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Subscribe to our business news

Disclaimer: Comments do not represent the views of INQUIRER.net. We reserve the right to exclude comments which are inconsistent with our editorial standards. FULL DISCLAIMER

© copyright 1997-2024 inquirer.net | all rights reserved.

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.

Free Samples and Examples of Essays, Homeworks and any Papers

• Absolutely free
• Perfect homeworks
• Fast relevant search
• No registration and Anonymous

Siomai Business Proposal

Filed Under: Essays Tagged With: Business

Siomai is one of the bestseller in food business industry nowadays and many people find it a good business venture. It is a very versatile dish. It can be eaten solo as a snack, or served with rice to make a full meal, so you can sell it anytime of the day. Ingredients for making siomai are readily available in supermarkets and public markets; some you’ll even find in your own kitchen right now. Plan Location of the Business The business is planning to locate in place near at school and in the neighborhood because of mass number of people on those places.

Siomai making and selling is a very good business to look forward for. It can be sold anytime and almost anywhere. Having this kind of business requires time and effort as well as right marketing strategies. This business is in terms of food in which we have to make sure that the business observes cleanliness and right sanitation should be observed. The objective of Siomai business is to bring affordable food without losing its delicious taste. This business doesn’t require a big profit; in addition, it aims to help those people who are staying at home to earn profit and to make them more productive.

Since we are planning a location near at school, and on neighborhood, our target market are mostly students and people who passes as well as people who stays on their houses and craving for some food/s to eat. Competitors Small businesses have many competitors all around them. Like in school, there are lots of food carts as well as canteens who sells different foods that sometimes Siomai is also one of their offered food. Likewise, selling on the neighborhood can also have lots of competitors, like carinderias and some food carts that are roaming around. How does your product differ from others?

The Essay on What Factors Determine/influence The Food Choice People Make?

Food, which is the only energy source for human, is essential in peoples’ life. It has many different kinds which gives people different kinds of nutrition. Go through the thousands of years of evolution, diet have become not only an important part of peoples’ life but also a culture. People who are living all over the world have different food choices. The three important factors that influence ...

We will make sure that our product (Siomai) would be different from other siomai businesses as well as our other competitors in terms of taste and service that we will offer. (yung mga prices na tska yung kikitain) How will you meet the demand, beat competitors and operate profits? Pork Siomai Ingredients: 1 kg ground pork (suggested proportion of fat to lean meat is 1:3) 1/3 cup chopped water chestnuts or turnips (singkamas) 3/4 cup chopped carrots 2 tbsp or 4 cloves minced garlic 2 medium or 1 large minced onion(s) bunch of spring onions or leeks 1 egg 5 tablespoons sesame oil 1 teaspoon freshly ground pepper

1 teaspoon salt 5 g seasonings 50 pcs. large or 100 pcs. small wanton or siomai wrapper Soy sauce, calamansi (lemon or kumquats), sesame oil and chilli paste (for the sauce) Siomai Cooking Instructions: Mix all the ingredients for the filling in a bowl. Arrange 10 wrappers in a tray, and weigh 100 g of siomai mixture. Place 2 tsp of meat in each wrapper until nothing is left unfilled. Each wrapper will have 10 grams of siomai. To enclose, gather up the edges of the wrapper and gently fold it so that it forms a basket shape, with the top of the filling exposed. Press lightly as you pleat each side.

Or, if you don’t want to expose the filling, use a bigger wrapper. Do the same to the remaining meat mixture. Meanwhile, boil water and brush steamer with oil. When the water gets to a rolling boil, arrange the siomai in the steamer and let stand for 15-20 minutes, longer for larger pieces. Serve with soy sauce, calamansi and sesame oil. Chilli paste is optional. Chili Sauce for Siomai: 1/8 kilo Chillies (Siling Labuyo) 3 tablespoons cooking oil 2 cloves garlic, peeled and minced dried shrimp or meat finely chopped or grind (Adds more flavor but optional) Siomai Chilli Sauce Cooking Instruction:

Combine chopped chillies, dried shrimp or meat and minced garlic then simmer for around 20 minutes or till most of the water has evaporated. Add oil, simmer and stir well. Put your cooked Siomai in a nice packaging when planning to sell it. Siomai can be marketed in schools, offices, or to your neighbors. How to Start a Siomai Business 1. Name your business In choosing a name for your business, it has to be something related to your product, unique and easy to remember. 2. Register your business To make your business legal and functional there are several government agencies you have to register with.

Business Plan: Teng Long Barbecue Restaurant

Slogan: BBQ in Happy Life Mission: Let the people enjoy the BBQ and have a break in the shopping hour. Vision: This shop in the Wanda Plaza is the first shop in my company, and in the future I will put my idea to more shopping center or plaza, etc. Barbecue Market: Business industry and outlook: Our company's barbecue and those in the high streets and back lanes is different. Existing market: In ...

Learn how to make siomai Do you know how to make your own specialty siomai that’s so awesome you know everyone will want it. If you do then great. If not, then you’d better learn. 4. Make your own food cart You don’t need anything huge right away. Getting a very basic cart is all you need to get started. Food carts are easy to set up, requires low capital and is cheaper than putting up a restaurant. 5. Find a good location Look for a place that is in a commercial area where there is heavy foot traffic like in malls, train stations, terminals, schools and office areas.

Having positioned your business in a good place means lots of income. 6. Market your product Don’t be so confident that’s because your business is located in a heavy foot traffic area people will notice it. Sorry, but no. You have to make a noise so that people will know that you are selling something for them. Make something that people will always comeback for your product. Don’t settle for less. 7. Save your profit Save all the money you can. Once you’re business grows you can expand to other locations and add more products being offered.

Similar Papers

Good food industry gfi health products.

... for its products. Health food products would approach the market place primarily through the health food stores and nature food centres in ... between diet and health. Good Food Industry was a start up business with three principals presently involved ...

Poverty What Makes People Poor

... of the worlds industrialize countries. Some people have it worse than other people. For instance women make up two-thirds of the adult ... the family must pay for their bills, mortgage, and their food with this money. Seventy percent of a families income ...

Thai Food as a Cultural Product

... with the real Thai food, the business has a tendency not ... Having become a cultural product, foreign-cuisine restaurants blossom ... Center, 2008, p. 245) People can experience Thai cultures without ... their own recipes to make their diners feel less ...

Satisfying All Stakeholders Is Difficult When the Business Is Competing in Mature Product Markets

... a larger gross profit, the business told the supplier of raw materials that make the product that it must cut its ... of the product differentiation in the first place. However by actually achieving an increase in the size of the business the ...

What Factors Determine/influence The Food Choice People Make?

... American religion and philosophy make people more rational on the food choice which is based ... and vegetables, she made bean products and cooked wheat food at least twice a ... love to eat spicy food more than any other Chinese places. People who live in ...

Mission and Vision

Teodirico’s mission is to provide affordable and at the same time delicious, appetizing, and clean food for the masses. It is our dream to have a community and eventually a nation that is free from hunger and starvation.

We believe that in our small little ways, we can be able to contribute in the nation’s pursuit for food security and sufficiency.

Join us as we achieve our goals by supporting Teodirico’s Steamed Siomai  and visit us in any of our locations .

Most popular siomai brand with outlets in Luzon, Visayas, and Mindanao! More flavors than other siomai brands!

Japanese Inspired Food Cart

Aesthetically captivating Japanese-inspired food cart with sturdy design.

* Model may vary depending on the chosen site and specification

Franchising Details

Package inclusions.

• Franchising Procedures

Required Documents

Start your business with master siomai, complete franchise package**, php 280,000*.

*Vat Exclusive. **Location, Permit, and Manpower are not included. No Reservations.

This package includes the following:

• 1 Unit – Japanese Inspired Food Cart
• 1 Unit – Food Steamer
• 1 Unit – 5 cu. ft. Chest Freezer
• 1 Unit – Acrylic Plastic Juicer
• Complete Food cart Kitchenwares and plastic wares.
• Php 18,000 worth of Initial Food and Paper Products
• Complete Set of Crew Uniforms
• Cleaning Supplies
• Marketing Collaterals

How to Franchise?

Follow these easy steps, (02) 8-281-3635 | (02) 8-709-5288 | (02) 8-709-0901 | 09234419958, please complete the following requirements before sending..

• Franchise application form. Download Here
• Lease offer or written agreement from your lessor
• Pictures of your proposed location
• At least 2 valid IDs
• Any proof of billing under your name

Php 280,000 *

Franchise procedures.

• Franchise application form. Download here

Pork & Shrimp Siomai

Tuna Siomai

Chicken Siomai

Shark's Fin Siomai

Beef Siomai

Japanese Siomai

Another proxy battle unfolds in the health tech industry

Good morning. Disney CEO Bob Iger’s  victory over Trian Partners CEO Nelson Peltz  last week has put fresh scrutiny on the role of activist investors. (Trian prefers to characterize itself as a “highly engaged shareowner.”) Some leaders say they welcome activist investors. ServiceNow CEO Bill McDermott  told me last year  that he enjoyed working with Paul Singer’s Elliott Management while running SAP because the   two sides   were “perfectly consistent” on where the company needed to go and how. 

But acrimony is a more common response to investors who’ve built up a stake because they believe their plan for the company is superior to the one in place. Take, for example, the current battle that’s playing out at medical technology company Masimo Corp., where CEO Joe Kiani is publicly opposed to activist Quentin Koffey, whose Politan Capital Management has built up a 9% stake in the company and intends to nominate two more directors in addition to the two directors elected to the board last year. 

It’s a bitter fight and neither side is eager to talk on the record, so I’ll sum up some issues raised in my conversations rather than get into dueling press statements.

Kiani is not just CEO but also the founder who built Masimo into a $2 billion-a-year leader in pulse oximetry and other patient-monitoring technology that annually serves more than 200 million people. The current challenge began when the board approved the acquisition of Sound United, a consumer audio company, in part to integrate audio technology into Masimo’s product line. But the $1 billion price tag was a shock to shareholders, who sent Masimo’s share price down 37% the day after the deal was announced in 2022.

The stock’s drop created an opening for Politan, which accrued a 9% stake and lobbied shareholders to elect Koffey and health care veteran Michelle Brennan as independent directors at the 2023 annual general meeting. Both got on, with support from advisory firm Institutional Shareholder Services, which praised Kiani as an innovator but accused him of running “a public company like a private business.” 

There has been much back and forth since then, with Masimo unsuccessfully trying to force Politan to disclose who’s investing in its fund. Last month, Politan launched a second proxy fight to get two more of its candidates on the board—with Masimo and Politan both accusing the other of misleading investors.

This is the kind of battle where it can be hard to pick a winner. It’s unclear how Koffey intends to build long-term value at Masimo—especially as the company now plans to spin off its consumer businesses to focus on health care. CEO Kiani needs to answer to—and work with—company shareholders. 

Boosting a stock price and building a company are two very different things, as Yale’s Jeffrey Sonnenfeld and Steven Tian argued when  looking at Peltz’s record . But this is the way the game is   usually played, for good and for ill. When neither side cooperates with the other, the battle becomes public. And investors should take heed from my colleague Geoff Colvin, who notes that  following an activist investor  into a stock is a tricky strategy. While you might make modest gains by investing immediately after an activist hedge fund discloses its position, he writes, that strategy is “not, alas, a guaranteed route to riches.”

More news below 

Diane Brady @dianebrady [email protected]

Special note: Explore how to build organizational trust into the foundation of your workplace and activate it to address your business goals at a Best Places to Work webinar today at 2pm ET . Moderated by Fortune CEO Alan Murray, you’ll hear from leading CEOs—including Great Place to Work’s  Michael C. Bush , Delta Air Lines’  Ed Bastian , Hilton’s  Christopher J. Nassetta , and Edward Jones’ Managing Director  Penny Pennington —about how they’ve created high-trust environments and learn how to develop a playbook so your organization can accomplish the same. Register here .

The return of office romance

The return to the office means the return of the office romance, particularly among Gen Z workers who have fewer qualms about dating a coworker. A third of younger millennial and Gen Z workers said they’d be open to a workplace relationship, compared to just 15% of older millennials. In fact, some HR experts worry that strict rules banning   workplace relationships could push workers away in a tight labor market. Fortune

Green nickel?

Australian mining billionaire Andrew Forrest is warning EV manufacturers to "be really careful" of cheap Indonesian nickel, due to its environmental cost. The chair of Fortescue Metals Group called on China, whose companies have invested heavily in Indonesian nickel, to better enforce environmental standards in its supply chain. A nickel glut has forced Western miners, including Forrest, to close mines. Financial Times

Korea’s Google vs. Big Tech

Naver, South Korea’s leading search engine, and its millennial CEO Choi Soo-Yeon hope that “sovereign AI”—artificial intelligence designed for individual governments and companies—will be its competitive edge in an AI arms race dominated by U.S. Big Tech. Choi says diversity is key to a vibrant tech sector: “It’s not healthy to rely on just one company." Fortune

AROUND THE WATERCOOLER

Elon Musk’s leadership beginning to splinter Tesla loyalists as car sales drop: ‘He needs to focus and not be complaining or ranting about borders’ by Christiaan Hetzner

How to safari without the Jeep by Alexandra Kirkman

Nearly a quarter of baby boomer and late Gen X men are ‘unretiring’ or planning to because they can’t afford to kick up their feet in the current climate by Orianna Rosa Royle

Commentary: Larry Fink is right about the retirement crisis Americans are facing–but he can’t tell the truth about the failure of the ‘401(k) revolution’ by Randi Weingarten and Damon Silvers

More people are taking on second jobs because they literally can’t afford not to by Chloe Berger

These 5 misconceptions about China’s slowing economy could lead to complacency in the U.S., expert warns by Jason Ma

T his edition of CEO Daily was curated by Nicholas Gordon. 

This is the web version of CEO Daily, a newsletter of must-read insights from Fortune CEO Alan Murray. Sign up to get it delivered free to your inbox.

Latest in Newsletters

• 0 minutes ago

Amazon’s security chief says he would be ‘astonished’ if cybersecurity professionals are laid off due to AI

TikTok divestment bill gets a boost from Senate Republican leader Mitch McConnell

How stories of business reinvention can turn into cautionary tales

Meet Fortune’s first female CEO

A crypto trader facing prison for fraud says his actions were all in the DeFi game

Fortune names Anastasia Nyrkovskaya as its next CEO, the first woman to lead the 95-year-old publication

Most popular.

Trump Media’s accounting firm has a 100% deficiency rate from U.S. audit watchdog and counts Lingerie Fighting Championships as a client

The only housing markets with fresh supply are those loaded with baby boomers who are unbothered by higher mortgage rates

Jamie Dimon says America ‘slept’ while China stealthily established itself as an economic powerhouse

Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’

These are the 10 worst U.S. states to live in for your mental health, according to a new study

Elon Musk on micromanaging: ‘If you’re trying to make a perfect product, then attention to detail is essential’